DETROIT — General Motors said Tuesday it is again slowing its plans for all-electric vehicles by further delaying a second U.S. electric truck plant and the Buick brand’s first EV. The six-month delay in retooling the electric truck plant in Michigan, until mid-2026, also means GM will not achieve a prior target of having North American production capacity of 1 million EVs by 2025. ‘We ...
Many of America’s largest labor unions have now announced their endorsements of Kamala Harris’ presidential bid, as the vice president intensifies her campaign for the Democratic nomination. Yet some notable union holdouts remain, suggesting Harris will still have some work to do to win over other working-class voters. On Monday, the American Federation of Labor and Congress of Industrial Organizations ...
People are struggling to pay off their credit card debt even as many trim their spending. The share of credit card balances that are past due reached the highest level ever in the first quarter, according to data the Philadelphia Federal Reserve has tracked since 2012. The delinquencies come as consumers have leaned heavily on borrowing to pay for everything ...
The math seemed impossible, but numbers don’t lie — it was less expensive for Julie Kelley to send her 9-year-old son to seven different summer camps in three states than to enroll him in one full-time program in Vermont, where they live. Summer vacation lasts 10 weeks for the Kelleys. And it will cost Kelley and her husband Richard about ...
Consumer need for speed in package delivery, which has reached its apex with same-day shipping, has placed retailers in a tough spot when it comes to managing transportation costs. The result is increased competition among shippers for retail volume in a market dominated by FedEx and UPS, according to a new survey from global consulting firm AlixPartners. Retail executives surveyed ...
Disneyland employees have reached a tentative deal on a new contract with the company, according to a coalition of unions, averting what would have been the first strike to hit the Southern California theme park in 40 years. ‘We have shown Disney that we are the true magic makers of the park and today proves that when workers stand together ...
Dozens of Delta Air Lines flights were canceled and more than 200 delayed Wednesday as the Atlanta-based carrier continued to recover from last week’s global CrowdStrike-Microsoft IT outage. But in a statement, Delta CEO Ed Bastian said the carrier had largely recovered from the outsized impact it experienced from the incident. Data from FlightAware on Wednesday morning showed 47 canceled ...
The Federal Aviation Administration said Tuesday it was placing Southwest Airlines under a heightened safety review after a string of recent near-miss safety incidents involving the low-cost carrier. In a statement, the agency said it was increasing oversight of Southwest ‘to ensure it is complying with federal safety regulations.’ “Safety will drive the timeline,” the agency said. The development comes ...
Two people were killed and at least 13 injured Tuesday when an elevated walkway collapsed in a condemned Italian slum notorious for its links to organized criminal groups. The Italian Fire Brigade said a 29-year-old man and a 35-year-old woman were killed in the collapse at the Le Vele housing slum in the Neapolitan suburb of Scampia. More than 800 ...
At least six people are dead and seven missing after a fishing vessel carrying 27 onboard sank in the South Atlantic about 200 miles off the coast of the Falkland Islands. The fishing vessel, FV Argos Georgia, requested assistance soon after it began sinking east of the islands at about 4 p.m. local time Monday, the Falkland Islands government said ...