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Automaker Stellantis will halt operations at the Belvidere, Illinois plant, which employs 1,350 people and builds Jeep Cherokee SUVs, citing rising costs to produce electric vehicles

Jeep lays off 1,350 workers at Illinois plant over rising costs to produce electric vehicles

Hundreds of workers are expected to be laid off when automaker Stellantis closes an assembly plant in northern Illinois early next year, citing the challenge of rising costs of producing electric vehicles. The company, which employs about 1,350 workers at the Belvidere, Illinois plant, said the action would result in indefinite layoffs and it may …

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The deregulated market gives customers the flexibility to choose their natural gas supplier

The deregulated market gives customers the flexibility to choose their natural gas supplier

With energy prices rising as winter approaches, some customers are starting to shop around for new natural gas providers who may have cheaper rates than utility companies. While energy providers sometimes offer more competitive rates, utility experts say customers should do their homework before switching and make sure they know exactly what contract terms they’re …

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US labor market remains tight as unemployment hits 10-month high

US labor market remains tight as unemployment hits 10-month high

The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating a still tight and strong labor market despite growing fears of a recession as the US Federal Reserve battles to rein in demand . Although the US Department of Labor’s weekly jobless claims report on Thursday showed jobless listings, or …

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The cutting-edge solution to rising debt?  Paying with cash - WOUB Public Media

The cutting-edge solution to rising debt? Paying with cash – WOUB Public Media

The cutting-edge solution to rising debt? Cash payment By: Stacey Vanek Smith | NPR Posted on: Wednesday, December 7, 2022 < < Back to WASHINGTON, DC (NPR) — Discover the new revolution in personal finance: cash. A growing number of Gen Z and Millennial debtors are controlling their finances by spending real paper money: no …

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European markets head for a mixed open as global sentiment falters

European markets head for a mixed open as global sentiment falters

This is CNBC’s live blog covering European markets. European stocks head for a mixed open on Wednesday as nervousness sets in over the state of the global economy. Sentiment was mixed overnight, with stocks in the Asia-Pacific region trading in mixed territory, weighed down by major U.S. indexes that fell more than 1% on Tuesday …

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A general view shows Lukoil oil refinery in Volgograd, Russia on April 22.

The West has just jammed the oil market. The rest depends on Russia

A general view shows the Lukoil oil refinery in Volgograd, Russia, on April 22. (Reuters) Estimated reading time: 5-6 minutes MOSCOW — Most Russian crude oil exports to Europe are now banned, marking the West’s boldest ever effort to put financial pressure on President Vladimir Putin as his brutal war in Ukraine enters his tenth …

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Elon Musk says the risk of assassination is 'pretty high'

Elon Musk says the risk of assassination is ‘pretty high’

Elon Musk said the risk of his assassination was “pretty significant”. In a two-hour Q&A audio chat on Twitter spacesthe social media platform’s CEO told listeners that he “definitely” wouldn’t do “open-air car parades, let me put it that way.” “Frankly, the risk of something bad happening to me, or even literally being shot, is …

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Amazon workers stage walkouts and protests on Black Friday

Amazon workers stage walkouts and protests on Black Friday

Amazon employees and their supporters have rallied in dozens of countries to protest the retail giant’s labor policies, activists say. From Germany and France to the United States, from India to Japan and the United Kingdom, Amazon workers lowered their tools or joined marches on Friday demanding better working conditions and fair wages. The actions …

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