Day: December 20, 2024

Amazon warehouse workers are striking this week, pushing for higher wages and improved benefits and safety conditions. A local Teamster president said the strike will last “as long as it takes” but Amazon tells customers last-minute holiday orders will not be impacted. In Washington, the Federal Reserve cut rates by a quarter point—in line with expectations. Fed Chair Jerome Powell signaled that the inflation data guides future rate cut decisions…but is the battle to rein in rising prices over yet? Fox Business correspondent Lydia Hu speaks with President and Chief Investment Officer at Equinox Partners Investment Management Sean Fieler to discuss how unions are testing their political capital and what to expect from inflation and interest rates in 2025. Photo Credit: AP
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Video showed a car plowing into a large crowd in the city of Magdeburg. The driver, identified as a 50-year-old Saudi Arabian citizen who worked as a doctor, was arrested.