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Costco's union workers demand fair pay and benefits amid record profits ⓒ John Keeble/Getty Images Nationwide Strike Threatened by Costco Teamsters Costco workers represented by the Teamsters union have voted overwhelmingly to authorize a nationwide strike. With more than 18,000 employees under its umbrella, the union has issued an ultimatum: Costco must meet their demands for fair wages and benefits by January 31, 2025. Why Are Costco Workers Preparing to Strike? The Teamsters union cites Costco's record-breaking financial performance as a key factor behind their demands. In the fiscal year 2024, the company reported $254 billion in annual revenue and $7.4 billion in net profits—an increase of 135% since 2018. Workers argue that their efforts have been instrumental in Costco's success, yet their compensation has failed to reflect these gains. "We are the backbone of Costco. The company thrives because of us," said Bryan Fields, a member of Teamsters Local ...

Bitcoin hits a record high as Trump’s meme coins stir the market—what this means for crypto. Jakub Porzycki | Nurphoto | Getty Images Bitcoin Surges to Record High: What’s Driving the $109,000 Breakthrough? Bitcoin has achieved a remarkable milestone, surging to a record high above $109,000, captivating the attention of investors and crypto enthusiasts worldwide. This surge coincides with the inauguration of President Donald Trump, the launch of his family’s meme coins, and increasing speculation about the government’s stance on digital currencies. What’s driving this unprecedented rise, and how will it affect Bitcoin’s future trajectory? The Role of Meme Coins in Bitcoin’s Surge In recent days, the launch of Trump-related meme coins has played a pivotal role in Bitcoin's surge. As President Trump and First Lady Melania Trump introduced their respective meme coins, the crypto community reacted with both excitement and skepticism. The “Official Trump Coin” saw an explosive rise...

Trump's energy policies may reshape oil markets and geopolitical dynamics Trump’s Influence on Global Oil Prices and Russian Energy Exports Oil prices have experienced relative stability, but that might soon change as markets anticipate U.S. President-elect Donald Trump’s approach to Russian energy sanctions. Trump's anticipated policy shift has the potential to reshape the oil market, offering new insights into how geopolitical tensions and energy strategies could affect oil prices worldwide. The Role of Sanctions in Global Oil Markets The oil market has been under pressure due to sanctions imposed on Russia’s energy sector. These sanctions have been a response to the ongoing Ukraine conflict, and they have significantly impacted global supply chains. As a result, countries like China and India have been scrambling to secure Russian oil, driving up tanker rates and creating volatility in the market. This disruption has led to higher costs for shipping, which in turn incre...

  Exploring the rise of $Trump coin, its connection to politics, and the concerns it raises. $Trump Coin’s Meteoric Rise in the Crypto World The launch of $Trump coin has made significant waves in the cryptocurrency world. Just days before Donald Trump’s inauguration, his newly minted memecoin saw an explosive rise in market value, with its market cap reaching over $12.86 billion . The token's rapid surge in value highlights its market potential and the public's fascination with Trump’s latest venture into the world of digital finance. The Memecoin Phenomenon: A Trend in Cryptocurrency Memecoins have become an undeniable trend in the cryptocurrency market, proving that playful, meme-based currencies can gain serious traction. Coins like Dogecoin and Shiba Inu have demonstrated how internet culture can propel a cryptocurrency into the mainstream. The success of these coins has set the stage for $Trump coin to follow suit, capitalizing on Trump’s personal brand and leveragin...

Capital Economics weighs in on the future of US Treasury yields and the steepening yield curve. Capital Economics Analyzes 2025 US Treasury Yield Trends The outlook for US Treasury yields is one of the key considerations for investors heading into 2025. While the US Treasury market has experienced fluctuations, particularly with the rise in yields throughout 2024, Capital Economics provides an insightful analysis, suggesting that the sell-off in Treasury yields might be reversing. This article explores the future trajectory of Treasury yields, including factors such as Federal Reserve policies, inflation concerns, and political uncertainty under President-elect Donald Trump. Factors Contributing to Rising Treasury Yields in 2024 As 2024 unfolded, US Treasury yields saw an increase, reflecting concerns about the Federal Reserve's interest rate policies. With the central bank reducing borrowing costs by a full percentage point in the earlier part of the year, investors were cau...

Homeowners Insurance North Carolina © Hannah Schoenbaum North Carolina Home Insurance Premiums Set to Increase by 15% by 2026 North Carolina homeowners are preparing for an average increase in home insurance premiums by approximately 15% by mid-2026. This significant rise is part of a settlement reached between the state's Insurance Department and the insurance industry. With insurance companies facing the challenges of rising costs and natural disasters, homeowners will experience substantial premium hikes, albeit not as steep as initially proposed. Background of the Premium Increase In January 2024, the North Carolina Rate Bureau, representing the state’s insurance companies, filed a request for a 42.2% increase in premiums. The industry argued that this increase was necessary due to the rising costs of building materials, inflation, and the financial strain caused by frequent natural disasters such as hurricanes. The state Insurance Commissioner, Mike Causey, rejected this ...

FAA investigates SpaceX Starship explosion, raising questions on space exploration and aviation. FAA Probes SpaceX Starship Explosion: What It Means for Space Travel The U.S. Federal Aviation Administration (FAA) has launched an investigation into the explosion of SpaceX's Starship during a recent test flight. This event has generated widespread concern over the safety of private space missions, particularly those involving spacecraft like the Starship, which is central to SpaceX’s goal of revolutionizing space travel. This article explores the incident, its potential impact on the space industry, and what it means for both private space exploration and commercial aviation. The Starship Explosion: A Setback for SpaceX SpaceX's Starship was developed to be a fully reusable spacecraft designed to carry humans and cargo to the Moon, Mars, and beyond. However, during a recent test flight, the spacecraft exploded, marking a significant setback for the company’s ambitious plans....