Good morning! It’s Friday, May 31, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Ultra Cruise is GM’s Answer to Tesla’s So-Called ‘Full Self-Driving’ 1st Gear: GM And Ford Don’t See Eye-To-Eye … Read more
The 10-year U.S. Treasury yield topped 4% on Friday after a surprisingly strong jobs report that showed continued strength in the economy, but raised questions on when the Federal Reserve can cut interest rates. The yield on the 10-year Treasury shot up by 16 basis points to 4.02%. The 2-year Treasury yield climbed 17.4 basis … Read more
Image: Volkswagen The average American household earned $74,580 in 2022 across all industries, according to U.S. Census Bureau data. The salary gap between women who work at car dealerships and men who work at franchised car dealerships is approximately one average American household, according to new survey data from Automotive News. Men in the industry … Read more
When employees who contribute to a 401(k) plan leave a company, they have options for what to do with that money. Depending on what the employer retirement savings plan allows, exiting employees may be able to keep the money in the current plan, roll it over into an IRA, or buy an annuity. In some cases, … Read more
Maskot | Maskot | Getty Images U.S. Department of Labor data issued Wednesday suggests a two-tiered job market has emerged, in which workers enjoy strong job security while the unemployed may have trouble finding a new gig. “There’s a bifurcated labor market,” said Julia Pollak, chief economist at ZipRecruiter. “There are haves and have nots.” … Read more
Apple CEO Tim Cook listens as President Joe Biden speaks during a roundtable with American and Indian business leaders in the East Room of the White House in Washington, D.C., June 23, 2023. Anna Moneymaker | Getty Images Apple will pay $25 million in back pay and civil penalties to settle a matter over the … Read more