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UAW leaders meet to review tentative deal with GM to end strike

The leadership of the United Auto Workers was meeting on Thursday to review terms of the union’s tentative deal with General Motors Co to end a crippling month-long strike at the No. 1 U.S. automaker. The national council, representing GM plants across the United States, was reviewing terms of the four-year deal. It was then expected to forward the agreement to GM’s 48,000 striking workers for final ratification. …read more […]

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Business News

Judge summons drug company CEOs to court to discuss opioid settlement: source

The chief executives of the three largest U.S. drug distributors and a drugmaker have been summoned to appear before a federal judge to discuss a proposal to resolve thousands of lawsuits alleging they fueled the U.S. opioid crisis, a person familiar with the matter said on Thursday.

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Trading Ideas

The Upside – and Downside – of Commission-Free Trading

Many brokers are slashing commissions down to zero to remain competitive with one another, but the question remains: How will they make money?
Today, Alexander Green explains the upside – and downside – of commission-free trading for wealth builders.

The cost of trading stocks has been coming down for decades.
It started in 1975, when regulators abolished fixed trading commissions. (Until then, you had to pay a minimum commission of $49, equal to $176 today.)
Charles Schwab responded by immediately slashing trading costs for its clients, becoming the first true “discount broker.”
Merrill Lynch – surprise, surprise – used deregulation as an opportunity to raise …read more […]

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Trading Ideas

Fitbit in healthcare partnership to take on Apple Watch

Fitbit has been pushing deeper into the healthcare space and in August tied up with the Singapore government to provide fitness trackers and services in a health program that the company said could reach up to one million users. Under Thursday’s deal, the company’s devices will carry software that will help detect atrial fibrillation – the most common type of irregular heartbeat – after approval from the U.S. Food and Drug Administration. …read more […]

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Ford partners with Volkswagen, Amazon to build charging network for cars

The network of charging stations will be the largest in North America with 12,000 locations and more than 35,000 charge plugs, Ford said. The network will give Ford car owners access to fast charging station sites that will be set up by Volkswagen’s Electrify America. Ford is also working with Amazon for installation of home charging setups. …read more […]