Tag Archives: Business

New York CNN  —  Union Pacific, one of the major freight railroads that successfully fought off union demands for paid sick days for workers during contentious labor negotiations in 2022, reported another year of record earnings Tuesday. The company, along with CSX, Norfolk Southern and Burlington Northern Sante Fe, narrowly …

Tesla’s share of the US market for electric vehicles has been comfortably north of 60% since 2018. But its lead has been slipping. Though still the dominant player, Tesla’s market share is down from 70.5% in 2021 to 63.5%, according to data from S&P Global Mobility, which tracks registrations of …

The flood of Big tech layoffs has again upended the dynamic between employers and employees, workers and executives say, leading to prolonged job searches and widespread fear and anxiety among many in the industry. “It is an employer’s market after years of employees having the benefit of working from home …

3M Co. said it is cutting 2,500 manufacturing jobs globally as the company confronts turbulence in overseas markets and weakening consumer demand. The maker of Scotch tape, Post-it Notes and thousands of other industrial and consumer products said Tuesday that it expects lower sales and profit in 2023 after demand …

Walmart Inc. WMT 0.41% said it is raising wages for its U.S. hourly workers as the retailer continues to fight to attract staff in a tight labor market for front-line workers. Starting next month, Walmart’s U.S. workers in stores and warehouses will earn a starting wage of at least $14 …