[ad_1] (Reuters) – Unifor said on Sunday that its members at Canadian National Railway (TSX:) have ratified a new four-year collective agreement, averting a potential strike action. Unifor, which represents more than 3,000 members at the railroad’s Council 4000 and Local 100 committees, said the agreement includes improvements to wages and benefits as well as job protections for members working in CN terminals and headquarters across Canada. The railroad earlier this month had reached a new tentative four-year collective agreement with the union. “This agreement secures important gains that reflect the critical contributions of Unifor members to CN’s operations,” Unifor…
Author: user
[ad_1] Credit: Pixabay/CC0 Public Domain Under pressure from customers and investors, many U.S. companies have pledged to voluntarily reduce their impact on the climate. But that doesn’t always mean they’re cutting their own greenhouse gas emissions. A large number of companies are instead paying others to reduce carbon emissions on their behalf through projects that generate carbon offsets. There are reasons for skepticism about this practice. Chief among them is that projects developed for carbon offsets have a history of taking up land in poorer countries, displacing small-scale farmers and threatening livelihoods in the process. The quality of some globally…
[ad_1] (Reuters) – Syria’s de facto ruler Ahmed al-Sharaa hosted Lebanese Druze leader Walid Jumblatt on Sunday in another effort to reassure minorities they will be protected after Islamist rebels led the ouster of Bashar al-Assad two weeks ago. Sharaa said no sects would be excluded in Syria in what he described as “a new era far removed from sectarianism”. Sharaa heads the Islamist Hayat Tahrir al-Sham (HTS), the main group that forced Assad out on Dec. 8. Some Syrians and foreign powers have worried he may impose strict Islamic governance on a country with numerous minority groups such as…
[ad_1] Warren Buffett and Michael Saylor are two of the biggest names in the investing world. Buffett has been running his company Berkshire Hathaway (BRK.A 1.37%) (BRK.B 0.86%) for decades and is considered one of, if not the best, investors ever. Within Berkshire is a $300 billion-plus equities portfolio in which Buffett and his investing lieutenants buy and sell stocks, with Buffett often employing a more traditional value investing approach. Meanwhile, Michael Saylor has operated in Silicon Valley since the early 1990s, running his data firm MicroStrategy (MSTR 11.56%). However, the company made a major pivot in 2020 and started…
[ad_1] Dec. 22, 2024 10:35 AM ETBy: Rob Johnson, SA News Editor Torsten Asmus Investors put more than $600B into global bond funds this year as they saw looser monetary policies by the world’s central banks, the Financial Times reported Sunday, citing data provider EPFR. This year’s total topped the record of almost $500B in [ad_2] Source link
[ad_1] By Gram Slattery (Reuters) – President-elect Donald Trump indicated on Sunday that he favored allowing TikTok to keep operating in the United States for at least a little while, saying he had received billions of views on the social media platform during his presidential campaign. Trump’s comments before a crowd of conservative supporters in Phoenix, Arizona, were one of the strongest signals yet that he opposes a potential exit of TikTok from the U.S. market. The U.S. Senate passed a law in April requiring TikTok’s Chinese parent company, ByteDance, to divest the app, citing national security concerns. TikTok’s owners…
[ad_1] A photo showing $100 bills being counted out.Kham/Reuters A secretary bought three shares of her company’s stock for $60 each in 1935. Grace Groner reinvested her dividends for 75 years, and her stake ballooned to $7.2 million. Her employer, Abbott, shared Groner’s story in a recent website post. A secretary paid $180 in 1935 for three shares of her employer’s stock. By the time she died in 2010, her investment had mushroomed to $7.2 million. Abbott, a pharmaceutical company, gave a shout-out to the former employee in a recent post on its website. “As we celebrate 101 years of…
[ad_1] Wall Street bulls mounted a valiant effort and pushed the stock market sharply Friday on a double dose of encouraging news. But the rally was not enough to overcome Wednesday’s Fed-driven plunge. The S & P 500 dropped for the second straight week, losing 2%, while the Dow Jones Industrial Average made it three down weeks in a row, with a loss of more than 2.2%. The Nasdaq posted a 1.8% weekly decline, breaking a four-week winning streak. Looking under the hood of the S & P 500, all sectors closed lower for the week, despite Friday’s rally. Energy…
[ad_1] (Bloomberg) — Bond traders have rarely suffered so much from a Federal Reserve easing cycle. Now they fear 2025 threatens more of the same. Most Read from Bloomberg US 10-year yields have climbed more than three-quarters of a percentage point since central bankers started slashing benchmark interest rates in September. It’s a counterintuitive, loss-inducing response, marking the biggest jump in the first three months of a rate-cutting cycle since 1989. Last week, even as the Fed delivered a third consecutive rate cut, 10-year Treasury yields surged to a seven-month high after policymakers led by Chair Jerome Powell signaled that…
[ad_1] (Bloomberg) — A string of health-care bankruptcies has ignited a wave of public fury at financial dealmakers in the industry, prompting lawmakers in state houses around the country to draft tough new curbs. Most Read from Bloomberg The would-be crackdown is fizzling. California Governor Gavin Newsom vetoed legislation that would have enabled the state to block private equity deals for most health-care facilities. Efforts to bolster oversight of financial firms or outright prohibit certain health-care investments also faltered in Pennsylvania, Connecticut, Oregon, Washington and Minnesota. In Massachusetts, political condemnation of private equity and real estate firms reached a fever…