White House touts government support for unions nationwide
The administration presses its push for labor organizing as worker actions expand from Hollywood to Detroit. Biden cites being pro union while Harris leads a labor task force to bolster bargaining, with officials noting unions raise wages and provide benefits. 2022 saw 424 work stoppages, yet union representation remains about 11.3 percent of workers.
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Wall Street gains as earnings season advances
Wall Street climbs with the S&P 500 up 0.6 percent to 4433.31 the Dow adding 213.08 points and the Nasdaq rising 0.8 percent to 13705.13 Investors await more earnings reports from Best Buy Costco and Dollar General while 3M jumps 5.2 percent on a 5.5 billion earplug settlement Hawaiian Electric soars 44.6 percent amid a dispute over wildfire liability and Maui County allegations The coming week will reveal jobs and inflation data including PCE and July August employment figures to guide Fed policy expectations.
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Householder moved to Oklahoma to begin federal prison term
Former Ohio House Speaker Larry Householder, 64, transferred from Butler County Jail to the federal transfer center in Oklahoma City to start a 20 year sentence for a $60 million bribery scheme tied to FirstEnergy. Ally Matt Borges, 51, received five years and serves in Milan Michigan. Google to invest 1.7 billion dollars in three central Ohio data centers.
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Google expands centers in Ohio with New Albany growth
Google announced expansions to its Ohio facilities, adding centers in Columbus and Lancaster and expanding the New Albany campus to power its AI tools. Lt. Gov. Husted said no public incentives were offered. Separate report: Farmers Insurance to lay off about 2,400 nationwide as part of a restructuring to boost efficiency and profitability amid industry headwinds.
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Amazon raises free shipping minimum for non Prime customers
Amazon is testing a higher threshold for free shipping among non Prime shoppers with non Prime customers in some areas required to spend 35 dollars, up from 25. Prime members remain unaffected and receive free shipping. The change follows broader cost-cutting efforts and regional variation in the qualification minimum.
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