Business Highlights: A summary of the day’s top stories in the business world.
DETROIT — The United Auto Workers union appears to be edging closer to a tentative contract agreement with Ford that would be critical to ending the union’s 6-week-old strikes against the three major Detroit automakers. That’s according to two people with knowledge of the talks.
NEW YORK — Bitcoin is having another moment. The world’s largest cryptocurrency soared to almost $35,000 this week, marking its highest value in nearly 18 months. The recent rally for volatile bitcoin coincides with the prospect of exchange-traded funds being launched based on spot bitcoin. Industry advocates say that could make entering the cryptoverse easier, while lowering some of the well-documented risks associated with investing in cryptocurrencies.
NEW YORK — Bud Light is set to return as the official beer of the UFC in the U.S. next year as the brand tries to recover from a conservative backlash to a promotion with a transgender influencer. The companies announced that under a new multiyear marketing deal between the promoter of mixed martial arts fights and Bud Light maker Anheuser-Busch, the brewer will become the UFC’s “Official Beer Partner” in the U.S. starting Jan. 1. Financial terms of the deal were not disclosed.
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UAW appears to be moving toward a potential deal with Ford that could end strikeThe United Auto Workers union appears to be edging closer to a tentative contract agreement with Ford that would be critical to ending the union’s 6-week-old strikes against the three major Detroit automakers, two people with knowledge of the talks said Wednesday.
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UAW appears to be moving toward a potential deal with Ford that could end strikeA Ford deal would include cost-of-living pay increases that could lift the total pay raises above 30%, sources said.
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UAW reportedly near tentative deal with Ford that could end strikeThe United Auto Workers union appears to be edging closer to a tentative contract agreement with Ford that would be critical to ending the union’s 6-week-old strikes.
Read more »
UAW strike could be nearing end as union is reportedly close to deal with FordThe Associated Press is reporting that the UAW could be close to a deal with Ford, which could bring an end to the nearly 6-week-long strike against Detroit's Big Three.
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