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UPS, Teamsters Reach Agreement on New Contract
The five-year labor deal would prevent strike by roughly 330,000 package delivery drivers and package sorters. Source link
New Engines on Hundreds of Airbus Jets Recalled for Inspection
RTX said its Pratt & Whitney engines affected by contaminated metal parts. Source link
Vale Nears Deal to Sell 10% of Its Base Metals Business to Saudi Arabia
The Brazilian miner is close to completing the deal with Saudi Arabia’s sovereign-wealth fund and a Saudi mining company. Source link
Biogen to Cut Roughly 11% of Workforce
The biotech cited the launch of Alzheimer’s drug Leqembi as part of its new focus on big-return products. Source link
Home Prices Fell Year-Over-Year in May
Home prices fell from a year earlier in May for the second straight month, as elevated mortgage rates and high prices sidelined buyers. Source link
Stock Market Shrugs Off Recession Signals as Rally Builds
The S&P 500 is trading near its highest level since April 2022 as hopes grow for a soft economic landing. Source link
The World Tied $3.5 Trillion-Plus of Debt to Inflation. The Costs Are Now Adding Up.
Listen to article (2 minutes) Governments and companies around the world spent decades loading up on trillions of dollars of debt whose interest costs rise
Why Cheech & Chong Ads Are Flooding Twitter
The comedy duo’s marketing campaign has turned into a punchline for fans, critics and even Elon Musk. Source link
Pouring Ice Into Concrete: Builders Adapt to Extreme Heat
Engineers and architects seek solutions as roads, bridges and train tracks are buckling from extreme heat gripping the globe. Source link
Verizon Promises Turnaround Amid Lull in Smartphone Upgrades
Over-the-air broadband service and higher fees helped boost the telecom giant’s wireless service revenue. Source link