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Boeing fine-tunes job cuts as major buyer slams 777X jet delay
Boeing faces a crucial test with employees, customers and investors after announcing 10% job cuts and $5 billion in charges as a crippling machinists strike enters a fifth week.
A.P. Moeller-Maersk
US port strike ends, leaving cargo backlog
U.S. East Coast and Gulf Coast ports were reopened on Friday after dockworkers and port operators reached a wage deal to settle the industry’s biggest work stoppage in nearly half a century.
Adrian Gray
Market bets for 2024 thrown into chaos by US recession conundrum
Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession.
assembly plant
UAW, automakers signal progress after days of stalemate, sources say
Negotiators for the UAW and Ford have narrowed their differences on pay increases after a new offer from the automaker amid “really active” talks.
agreement
JP Morgan Settles $75M Epstein Sex-Trafficking Lawsuit
JPMorgan Chase has reached a settlement with the U.S. Virgin Islands and former executive Jes Stanley. The lawsuit alleged that the bank was aware, helped, and even benefited from Jeffrey Epstein’s trafficking of minors.
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JP Morgan fined for deleting 47 million emails
JP Morgan Chase will pay a $4 million fine to the U.S. Securities and Exchange Commission (SEC) to settle allegations that the bank accidentally deleted about 47 million emails dated from January until April 2018.
China
JP Morgan CEO and Elon Musk Meet with China, Raising Concerns
JP Morgan CEO Jamie Dimon and Tesla CEO Elon Musk both have recent meetings with China, as their relationship with the Communist nation raises concerns with Americans.