June 14, 2023

Markets Now

American workers are becoming less productive. That's bad news for the Fed

Federal Reserve officials are widely expected to announce on Wednesday a pause in their regimen of rate hikes.  
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Greenpeace activists climb Deutsche Bank HQ in climate protest

Greenpeace activists scaled Deutsche Bank’s headquarters in Frankfurt Wednesday and strung up a large yellow banner to protest against the climate investment policies of the German lender and its asset management company DWS.  
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Starbucks says it fired her for an 'absence of leadership.' She says it was because of her race. A jury returned a $25.6 million verdict in her favor

A jury on Monday found in favor of former Starbucks regional director Shannon Phillips, who sued the company for wrongfully firing her, claiming she was terminated for being White.  
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Bud Light loses its title as America's top-selling beer

America’s top-selling beer is no longer American.  
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Exclusive: 42% of CEOs say AI could destroy humanity in five to ten years

Many top business leaders are seriously worried that artificial intelligence could pose an existential threat to humanity in the not-too-distant future.  
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UPS and Teamsters reach a deal on air conditioning delivery vans, a key issue in contract talks

Negotiators for UPS and the Teamsters union have reached a tentative agreement on a crucial issue in their contract talks: The shipping giant has finally agreed to install air conditioning – gradually – in its fleet of 95,000 delivery vans.  
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Source: CNN Business

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