Although some manufacturing jobs provided high wages for low-skilled work, other industries, such as apparel, paid much lower wages, due to greater competition.
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In an interview with Stern on Thursday, Germany’s Culture Minister Wolfram Weimer said he is seeking talks with these companies, while accusing them of “cunning tax evasion.”
Earlier, it was reported that the U.S. economy contracted by 0.3%; the 0.1 percentage point revision reflects an upward revision to investment that was partly offset by a downward revision to consumer spending.
United and JetBlue’s ‘Blue Sky’ alliance will launch in 2025, expanding flight options, loyalty perks, and booking convenience, while marking the former’s return to John F. Kennedy International Airport.
AMD shares rose Thursday, benefiting from Nvidia's strong earnings and broad investor confidence in AI. The semiconductor sector, including AMD, gained on robust AI demand and global chip investments.
Material handling equipment manufacturer Columbus McKinnon (NASDAQ:CMCO) fell short of the market’s revenue expectations in Q1 CY2025, with sales falling 7% year on year to $246.9 million. Its non-GAAP EPS of $0.60 per share was 3.4% above analysts’ consensus estimates.
