>>Federal Reserve Likely Over With Rate Hikes
(Washington, DC) -- The Federal Reserve is likely done with rate hikes for now. Members of a key Fed committee predicted rate cuts in 2024, but pointed out more uncertainty than usual for its next move. That's according to new meeting minutes from December. After its last meeting of 2023, the panel voted to hold interest rates at the highest level in more than two decades. But officials including Fed chair Jerome Powell said the economy is "likely at or near the peak rate."
>>Labor Board Accuses SpaceX Of Unlawful Firings
(Hawthorne, CA) -- SpaceX is accused of firing eight employees for circulating a letter criticizing CEO Elon Musk. The National Labor Relations Board on Wednesday filed a complaint against the aerospace company claiming the firings violated the law. The 2022 letter was about sexually suggestive tweets Musk had made, along with the argument Musk's statements didn't mesh with the company's policies on diversity and misconduct. One of the fired employees says the letter wasn't written out of malice but out of care for the company's mission and fellow employees.
>>Ford Recalls 112-Thousand F-150 Pickup Trucks
(Washington, DC) -- Ford is recalling more than 112-thousand pickup trucks over concerns of roll aways. A letter from the National Highway Traffic Safety Administration addressed to Ford's assistant director acknowledges the F-150 recall. It says "Damaged axle hub splines can result in a vehicle roll away when the vehicle is in park without the parking brake applied, or cause a loss of drive power," increasing the risk of a crash.
>>GM Sales Up
(Detroit, MI) -- General Motors is reporting a 14-percent increase in sales for 2023. The automaker released the figures Wednesday showing the best sales results for the company since 2019. Sales in the Chevrolet division were up by 13-percent for the year while Buick sales jumped by 61-percent. Cadillac and GMC sales were nine-percent higher compared to 2022. Electric vehicles sales were 93-percent higher year over year which includes sales of the BrightDrop electric delivery vans. Officials say they will continue to focus on increasing production of EV's in 2024.
>>Lululemon Founder Slams Diversity Again
(New York, NY) -- The founder of Lululemon is slamming diversity again. Chip Wilson left the company in 2013 after saying Lululemon's yoga pants "just don't actually work" for some women's bodies. This week, Wilson criticized Lululemon for its recent efforts to promote diversity, and told "Forbes" that they're trying to become everything to everybody. Wilson said, "the definition of a brand is that you're not everything to everybody," adding that it has to be clear that you don't want "certain customers coming in." A spokesperson for Lululemon says Wilson's comments do not reflect the company's views or beliefs.
