New York CNN Business — In September, President Joe Biden, the most union friendly president in recent history, got personally involved in negotiations that reached a tentative labor deal that averted a strike at the nation’s major freight railroads. It was a deal he hailed as a “win for tens of thousands of rail workers.” […]
New York CNN Business — America faces a growing risk of a crippling national freight rail strike in two weeks. The rank-and-file members of the nation’s largest rail union, which represents the industry’s conductors, rejected a tentative labor deal with freight railroads, the union announced Monday. The nation’s second-largest rail union, which represents engineers, ratified […]
Hong Kong CNN Business — Officials attending the first US-China summit under the new Biden administration in March 2021 exchanged undiplomatic words, highlighting a tense relationship between the world’s two largest economies grappling with a simmering trade war. Since then, ties between the United States and China have chilled further, particularly after the US House […]
CNN — Four American climate activists have been kicked out of the COP27 UN climate talks in Egypt after protesting during US President Joe Biden’s speech on Friday. The group briefly interrupted Biden’s speech with what they described as an indigenous war cry, then unfurled a banner which read “People vs Fossil Fuels.” While Biden […]
CNN — US climate envoy John Kerry on Thursday defended his plan to raise cash for climate action by selling carbon emission offsets to companies, telling CNN there was “not enough money in any country in the world to actually solve this problem.” Speaking to CNN at the COP27 climate summit in Egypt, Kerry said […]
CNN — One of the biggest surprises at last year’s United Nations climate summit came in the form of a handshake. US climate envoy John Kerry and his China counterpart Xie Zhenhua did so at COP26 in Glasgow as they announced a commitment to cooperate on the climate crisis. The countries vowed to work together […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business — Tuesday’s midterm elections come at a time of economic vulnerability for the United […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business — What will the Federal Reserve do at its meeting in December? Analysts can […]
Washington, D.C. CNN — The Federal Reserve approved a fourth-straight rate hike of three-quarters of a percentage point on Wednesday as part of its aggressive battle to bring down the white-hot inflation that is plaguing the US economy. The supersized hike brings the central bank’s benchmark lending rate to a new target range of 3.75% […]
CNN — The United States will work to remove Iran from the UN Commission on the Status of Women, US Vice President Kamala Harris announced Wednesday. The effort to evict Iran form the 45-member intergovernmental body comes as the Iranian government has tried to suppress nationwide protests following the death of 22-year-old Mahsa Amini in […]