Business News

(NEW YORK) -- Tens of thousands of Boeing machinists on Wednesday will vote on a new contract proposal that could end a weekslong work stoppage against the embattled aerospace company.Workers overwhelmingly rejected a previous offer last month, putting the outcome of the impending vote in doubt.Hours before workers were set to cast ballots, Boeing released an earnings report showing the company had lost a staggering $6.1 billion over the most recent quarter due primarily to costs […]

(NEW YORK) -- General Motors is "very serious about making Cadillac a premium brand again," Michael Simcoe -- the company's senior vice president of global design -- told ABC News in an interview about the "engineering and design tour de force" that is the new Celestiq.The interview below has been edited for clarity.Q: A huge trend in the industry now is customization, coachbuilding, bespoke vehicles. Why is Cadillac going in […]

(NEW YORK) -- Shares of Netflix climbed about 9% in early trading on Friday after a strong earnings report propelled by hit shows like "Nobody Wants This" and "The Perfect Couple."The company added about 5 million subscribers over a three-month period ending in September, which marked a roughly 40% decline from the same period one year prior.Even so, the subscriber gains contributed to revenue totaling nearly $10 billion, in part due to the growth […]

(WASHINGTON) -- Former President Donald Trump has proposed tariffs as the solution for a host of perceived ills: the decline of U.S. manufacturing, the arrival of undocumented immigrants and the costs of childcare, among others."To me, the most beautiful word in the dictionary is 'tariff,'" Trump said this week during an appearance at the Economic Club of Chicago.On the campaign trail, Trump has rarely mentioned the threat of a potential […]