Business

Reuters reports: Starbucks workers have expanded their strike to four more U.S. cities, including New York, the union representing over 10,000 baristas said. The five-day strike, which began on Friday and initially closed Starbucks cafes in Los Angeles, Chicago and Seattle, has added locations in New Jersey, New York, Philadelphia and St. Louis, Workers United said in a statement. The …

Reuters reports: Honda and Nissan are in talks to merge by 2026, they said on Monday, a historic pivot for Japan’s auto industry that underlines the threat Chinese EV makers now pose to the world’s long-dominant legacy car makers. The tie-up would create the world’s third-largest auto group by vehicle sales after Toyota and Volkswagen. It would also give the …

The Daily Mail reports: Three sources told DailyMail.com they had been made aware of the Bezos wedding taking place on December 28. One well-connected member of the Aspen community said that the Amazon founder arrived with his entourage on a private jet into the city’s airport on Saturday. The rumor in town – as yet unconfirmed – is that Bezos …

The New York Times reports: In recent weeks, the bird flu outbreak has wiped out flocks of egg-laying hens, causing wholesale prices to surge just as many Americans are planning holiday recipes that call for more eggs, like cookies, eggnog and latkes. As of Thursday, the average wholesale price for a dozen eggs in the United States was up more …

CNBC reports: U.S. President-elect Donald Trump on Friday said he told the European Union it must reduce its trade gap with the U.S. through oil and gas purchases or face tariffs. “I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas. Otherwise, it …

Bloomberg News reports: Less than two months ago, shares of Tesla Inc. were on their way to just the third losing year in the electric-vehicle maker’s decade-and-a-half as a public company. But after a furious rally in the last seven weeks, the stock is suddenly among the S&P 500 Index’s best performers for 2024. Prior to the US presidential election …

Via press release from the Teamsters: At midnight last night, Amazon Teamsters at the JFK8 warehouse in Staten Island joined the historic strike against the corporate giant. They join thousands of Teamsters striking at DBK4 in New York City; DGT8 in Atlanta; DFX4, DAX5, and DAX8 in Southern California; DCK6 in San Francisco; and DIL7 in Skokie, Ill.; as well …

CNN reports: Party City is closing down all of its stores, ending nearly 40 years in business, CNN has learned. CEO Barry Litwin told corporate employees Friday in a meeting viewed by CNN that Party City is “winding down” operations immediately and that today will be their last day of employment. “That is without question the most difficult message that …

The Guardian reports: A company owned by two of Donald Trump’s top mega-donors has routinely brought dozens of its workers from Mexico to staff its warehouses in Wisconsin and other locations even though they do not appear to have permission to work in the US, according to a Guardian investigation. Uline – a giant Wisconsin-based office and shipping supply company …

NBC News reports: Tesla has issued a recall for nearly 700,000 vehicles due to a tire pressure light issue. The electric car company is recalling certain 2024 Cybertruck, 2017-2025 Model 3 and 2020-2025 Model Y vehicles because the tire pressure monitoring system warning light “may not remain illuminated between drive cycles, failing to warn the driver of low tire pressure,” …

Fast Company reports: After spending much of 2024 closing stores and recent months trying to solidify a sale of the company to keep its doors open, discount retail chain Big Lots has announced that it now plans to close all stores and go out of business. Big Lots had been working with the investment firm on a deal that would …

The Associated Press reports: Workers at Starbucks stores plan to go on a five-day strike starting Friday to protest lack of progress in contract negotiations with the company. The strikes are scheduled to begin in Los Angeles, Chicago and Seattle and could spread to hundreds of stores across the country by Christmas Eve. Starbucks Workers United, the union that has …

The Washington Post reports: The Teamsters are launching strikes against seven Amazon warehouses Thursday, in the union’s biggest provocation yet against the nation’s second-largest private employer, threatening to delay some package delivery during the busy Christmas season. The strikes will take place at sites in New York City, Atlanta, San Francisco, Skokie, Ill., and Southern California. Roughly 9,000 Amazon workers …

Axios reports: Grubhub will pay a $25 million settlement after an investigation by the Federal Trade Commission alleged deceptive and unlawful business practices. The settlement will require the company to make major changes and is a part of the FTC’s ongoing targeting of junk fees. The complaint alleges that Grubhub deceived users about delivery costs, deceived workers about how much …

The Guardian reports: America’s political divide is likely to get even wider thanks to a new real-estate platform that lets potential buyers see the political affiliations of their future neighbors, as well as other social data and local demographics. Oyssey, a tech startup launching this month in south Florida and New York City, allows buyers access neighborhood political affiliations based …

CNN Business reports: Honda and Nissan are discussing a possible merger, potentially bringing together two Japanese automaking titans that have recently fallen on hard times. The companies said in statement that they have been in talks, but they offered no details or timeframe for when a deal – if one should develop – may be completed. It’s also not clear …

Gothamist reports: More than 8,300 delivery workers allegedly cheated out of tip money by defunct alcohol-delivery platform Drizly will share a $4 million payout – or about $500 apiece – under a restitution agreement announced Monday by the New York attorney general’s office. The funds will go to former delivery workers across the state, including 1,375 in New York City, …

CBS News reports: Ever booked a hotel room for $200 only to be surprised by an extra $40 “resort fee” at checkout? A new Federal Trade Commission rule aims to put a stop to such surprise charges by banning so-called junk fees on short-term lodging as well as on tickets to live events. The rule bans businesses from using such …

NBC News reports: The Dow fell 267 points Tuesday, closing 0.6% lower after nine straight days of declines — its longest losing streak since 1978. The downturn has coincided with a steep drop in the shares of UnitedHealthcare’s parent company since CEO Brian Thompson was shot and killed in New York City on Dec. 4. UnitedHealth Group’s stock has tumbled …

CNBC reports: Walmart has started giving store-level associates body cameras to wear as part of a pilot program at some of its U.S. locations, CNBC has learned. Body cameras and the footage they gather are commonly advertised as a way to prevent shoplifting, but Walmart intends to use the tech for worker safety — not as a loss prevention tool. …