>>Fed Meeting Minutes To Offer Clues On Future Rate Hikes
(Washington, DC) -- Minutes from the Federal Reserve's June policy meeting are expected to show an appetite for more rate hikes to bring down inflation. The minutes, being released at 11 a.m. today, follow three weeks of Fed officials sketching out where they see policy heading. Fed Chair Jerome Powell and others have indicated that another half-percentage point bump this year is still in play.
>>Toyota Announces EV Battery Breakthrough
(Toyota, Japan) -- Toyota says it's made a huge breakthrough in battery tech for electric vehicles. The automaker says its found a way it believes can give a car a range of 745 miles on just a 10 minute charge. The plan is to manufacturer the new solid-state batteries as soon as 2027. So far these types of batteries have been prohibitively expensive but Toyota says they'll be able to slash the cost, size and weight.
>>Teamsters, UPS Approach Deadline For Contract Talks
(Sandy Springs, GA) -- Today marks a crucial moment for UPS and its employees. The International Brotherhood of Teamsters targeted this morning as a deadline for the company to offer an updated contract with its union employees as a strike looms. This gives teamsters enough time to take a vote ahead of the expiration of the current contract at the end of the month. A strike would take roughly 340-thousand workers away from the job until an agreement is made.
>>Meta Launching Twitter Rival
(Menlo Park, CA) -- Facebook owner Meta is launching a new app to rival Twitter and says it will go live on Thursday. The app is called Threads and is available for pre-order on the Apple App Store. It will be linked to Instagram. The move is the latest in a rivalry between Meta boss Mark Zuckerberg and Twitter owner Elon Musk. Last month, the pair agreed to a physical fight, though it is unclear how serious they were about actually going through with it.
>>Minneapolis-Based Lund's and Byerly's Workers Approve A New Contract
(Undated) -- Minneapolis-based Lund's and Byerly's [[ BY-ur-lees ]] workers are on the job today after voting to approve a new contract over the weekend. They'll get three to four dollar an hour raises, going into effect early next year. The Food and Commercial Workers Union contract agreement for the two-thousand-500 Lunds and Byerly's employees averted a strike that was set to begin just before the weekend.
>>Report: Christmas Tree Shops To Begin Liquidating Stores Soon
(Undated) -- The popular retail chain Christmas Tree Shops is planning to liquidate its remaining stores. That's according to a report in the Wall Street Journal. Christmas Tree Shops filed for bankruptcy earlier this year. If a buyer for the company is not found within the next few days, sales on any remaining items will likely begin soon.
>>Nearly 1B Dollars Up For Grabs This Week In Powerball, Mega Millions
(Undated) -- Nearly a billion dollars will be up for grabs in two nationwide lotteries this week. There was no grand prize winner in Tuesday's Mega Millions drawing, so the jackpot rolls over to Friday's drawing, when it will be worth an estimated 427-million dollars. Meanwhile, the jackpot in tonight's Powerball drawing is worth an estimated 546-million dollars. No one has won the Powerball jackpot since April. Source Staff/acc Copyright © 2023 TTWN Media Networks Inc.
