>>GM Reaches A Deal Tentative Deal With UAW
(Detroit, MI) -- The United Auto Workers strike is over. The union reached a tentative deal with GM that puts an end to negotiations after the strike began more than six weeks ago. GM is the last of Detroit's big three automakers to reach a deal after the UAW reached an agreement with Stellantis over the weekend and with Ford earlier last week. The new deals include boosts in wages and benefits, reduces an eight year path to top wages to three years and allows the right to strike over any plant closures. The new agreements must be ratified by members at each of the three automakers.
>>In The Business Week Ahead
(Undated) -- Coming up in the business week ahead, no major economic reports are on the calendar today. That changes on Tuesday with consumer confidence, the S&P Case-Shiller home price index and the beginning of a two-day meeting of the Federal Reserve. The following day brings the ADP employment report as well as data on job openings. At 2 pm Eastern, all eyes will be on the Fed's decision on interest rates, followed by a press conference from Chairman Jerome Powell. Weekly jobless claims come out Thursday morning, while the week wraps up with the monthly jobs report on Friday.
>>More Earnings Results On The Horizon
(Undated) -- Earnings season rolls on this week. McDonald's will be in the spotlight today with third quarter earnings due ahead of the opening bell on Wall Street. Pfizer reports on Tuesday with most analysts predicting a year-over-year decline. Wednesday brings word from Airbnb and CVS among others. The most noteworthy report on Thursday will be from Apple. Cinemark reports on Friday as the week wraps up, with expectations of higher revenues.
>>X Launches Two Subscription Tiers
(San Francisco, CA) -- Elon Musk's social media platform X has launched two subscription tiers. The Premium-Plus tier costs 16-dollars a month and comes with features like ad free feeds, revenue sharing and what the company calls the "largest reply boost." The other tier called "Basic" will cost three-dollars each month and will feature the ability to edit posts and make longer posts. The launch of the new subscription tiers comes as X tries to make up for lost advertising revenue since Musk took over the company. Reuters previously reported this month that the platform's ad revenue has dropped each month since Musk bought it.
>>Negotiations Continue As Fresno, California Teachers Strike Looms
(Fresno, CA) -- Happening in California: Despite positive talks over the weekend, fears continue to build over a possible strike within the Fresno Unified School District. The Fresno Teachers Association and the district are in prolonged contract negotiations, with concerns about a potential strike. Key issues include higher pay and class sizes. Parents express support for teachers but worry about safety during a strike. Negotiations continue today.
>>Apple Hosting "Scary Fast" Product Event
(Cupertino, CA) -- Apple is hosting another product event today, a month after introducing the iPhone 15. The online-only event, dubbed "scary fast," is expected to show off the company's next-generation silicon M3 chip and the newest iMac computers. The event starts at 8 p.m. Eastern, 5 p.m. Pacific.
