Starbucks workers in Los Angeles, Chicago, and Seattle launched a five-day strike on Friday, expressing dissatisfaction with the company’s actions regarding collective bargaining and labor negotiations.
Americans traveling during the holidays could face longer wait times at airports if a partial government shutdown happens, the Transportation Security Administration (TSA) warned on Thursday.
The Federal Reserve made its third consecutive interest rate cut on Wednesday, reducing its benchmark rate by a quarter of a percentage point. The move, widely anticipated by investors and financial markets, brings the federal funds rate to a target range of 4.25 percent to 4.50 percent. Since beginning its rate cuts in September, the Fed has now lowered rates by a total of 100 basis points, or one percentage point.