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Tag: Orders

  • Grand Jury Refuses To Indict Democratic Lawmakers In Connection With Illegal Military Orders Video – KXL

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    WASHINGTON (AP) — A grand jury in Washington refused Tuesday to indict Democratic lawmakers in connection with a video in which they urged U.S. military members to resist “illegal orders,” according to a person familiar with the matter.

    The Justice Department opened an investigation into the video featuring Democratic Sens. Mark Kelly and Elissa Slotkin and four other Democratic lawmakers urging U.S. service members to follow established military protocols and reject orders they believe to be unlawful. All the lawmakers previously served in the military or at intelligence agencies.

    Grand jurors in Washington declined to sign off on charges in the latest of a series of rebukes of prosecutors by citizens in the nation’s capital, according to the person, who spoke on the condition of anonymity because they were not authorized to publicly discuss the matter. It wasn’t immediately clear whether prosecutors had sought indictments against all six lawmakers or what charge or charges prosecutors attempted to bring.

    Grand jury rejections are extraordinarily unusual, but have happened repeatedly in recent months in Washington as citizens who have heard the government’s evidence have come away underwhelmed in a number of cases. Prosecutors could try again to secure an indictment.

    Spokespeople for the U.S. attorney’s office and the Justice Department didn’t immediately respond to requests for comment Tuesday.

    The FBI in November began contacting the lawmakers to schedule interviews, outreach that came against the backdrop of broader Justice Department efforts to punish political opponents of the president. President Donald Trump and his aides labeled the lawmakers’ video as “seditious” — and Trump said on his social media account that the offense was “punishable by death.”

    Besides Slotkin and Kelly, the other Democrats who appeared in the video include Reps. Jason Crow of Colorado, Chrissy Houlahan of Pennsylvania, Maggie Goodlander of New Hampshire and Chris Deluzio of Pennsylvania.

    Slotkin, a former CIA analyst who represents Michigan, said late Tuesday that she hopes this ends the Justice Department’s probe.

    “Tonight we can score one for the Constitution, our freedom of speech, and the rule of law,” Slotkin said in a statement. “But today wasn’t just an embarrassing day for the Administration. It was another sad day for our country,” she said.

    Kelly, a former Navy pilot who represents Arizona, called the attempt to bring charges an “outrageous abuse of power by Donald Trump and his lackies.”

    “Donald Trump wants every American to be too scared to speak out against him,” Kelly said in a post on X. “The most patriotic thing any of us can do is not back down.”

    In November, the Pentagon opened an investigation into Kelly, citing a federal law that allows retired service members to be recalled to active duty on orders of the defense secretary for possible court-martial or other punishment. Defense Secretary Pete Hegseth has censured Kelly for participating in the video and is trying to retroactively demote Kelly from his retired rank of captain.

    The senator is suing Hegseth to block those proceedings, calling them an unconstitutional act of retribution. During a hearing last week, the judge appeared to be skeptical of key arguments that a government attorney made in defense of Kelly’s Jan. 5 censure by Hegseth.

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    Jordan Vawter

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  • Evacuation Orders Lifted As Floodwaters Recede In Clackamas County – KXL

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    Evacuation orders have been lifted in parts of Clackamas County as river levels continue to recede following recent flooding, county officials said.

    Residents in low-lying areas near the Molalla River, Pudding River and Butte Creek are now allowed to return home as conditions improve. Officials urged returning residents to proceed with caution, noting that flooding and landslides may have caused damage that is not immediately visible.

    Clackamas County Building Services staff have been conducting inspections of homes and other structures in previously evacuated areas. Buildings are being labeled with color-coded safety tags to indicate their condition.

    Green tags indicate a structure has no apparent structural hazards and is safe to enter. Yellow tags mean a building has sustained damage and may be unsafe to live in, and residents are advised to use caution and follow instructions posted on the placard. Red tags indicate a structure has been seriously damaged and is unsafe to enter.

    County officials said homes that did not receive a tag but show signs of flood damage can request an inspection by contacting County Building Services at 503-742-4240 or by email.

    Residents who need help with cleanup, recovery or other unmet needs can contact Clackamas County Coordinated Housing Access at 503-655-8575. Assistance is available Monday through Friday from 8 a.m. to 6 p.m.

    Officials encouraged residents to continue monitoring county updates at clackamas.us/clackcoalerts and clackamas.us/dm/flooding for the latest information.

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    Jordan Vawter

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  • Dassault Aviation Rises After Ukraine Agrees to Buy 100 Rafale Fighter Jets

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    Ukraine agreed to buy 100 Rafale fighter jets as part of a larger military equipment deal that triggered a jump in the share price of the French aerospace and defense manufacturer Dassault Aviation AM 7.44%increase; green up pointing triangle.

    Ukrainian President Volodymyr Zelensky said Monday that he had signed a letter of intent to acquire 100 Rafale F4 fighter jets by 2035, SAMP/T air defense systems, radars, air-to-air-missiles and aerial bombs from France.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    Cristina Gallardo

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  • Trump’s Big Tariff Task in Asia Is to Close the Deal

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    President Trump’s quest to reorder global trade through personal diplomacy will be tested during his tour of Asia this week, as he faces the tantalizing prospect of a pact with China and the chance to bust through obstacles to completing deals with other key trading partners.

    On Sunday, Trump won some momentum by winning tariff agreements with a handful of Southeast Asian nations. He also sounded an optimistic note on China ahead of a meeting with Chinese leader Xi Jinping planned for later this week. “I think we are going to come away with a deal,” Trump said Monday aboard Air Force One en route to Japan.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    Jason Douglas

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  • Boeing’s financials won’t be hurt by latest 737 Max issues, analysts say. The company’s size is one reason.

    Boeing’s financials won’t be hurt by latest 737 Max issues, analysts say. The company’s size is one reason.

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    Alaska Airlines, United Airlines and Turkish Airlines have all grounded their Boeing 737 Max 9 airplanes after part of one such jet tore away during an Alaska Airlines flight on Friday. But despite the potential safety risks for travelers and further damage to Boeing’s
    BA,
    -8.03%

    reputation, some Wall Street analysts, for now, have downplayed the financial impact for the jet maker.

    In part, they pointed to the company’s status as one of two major players in aircraft production — the other being Airbus
    EADSY,
    +3.52%
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    They also cited a tighter supply of available aircraft and limited near-term impact, at least while investigators try to figure out the cause of the incident.

    Those airlines and others took the action over the weekend after a panel on a jet blew out about 10 minutes into Alaska Airlines Flight 1282 at an altitude of about 16,000 feet.

    No one died in the incident. But the Federal Aviation Administration ordered the temporary grounding of certain Boeing 737 Max 9 aircraft. The order covered 171 planes.

    Shares of Boeing fell 8.2% as the stock weighed on the Dow Jones Industrial Average
    DJIA.

    Still, some Wall Street analysts on Monday said to buy the stock anyway. They said the latest difficulties with the aircraft — which follow the 2019 grounding of Max jets by many nations following two fatal crashes — were unlikely to have a big near-term financial impact.

    BofA analysts, in a research note dated Sunday, said that “at this point in time, due to the duopoly nature of the industry, we do not see this impacting orders for any of the 737 MAX variants. However, if the hits to the program do keep coming … at some point, the flying public may lose confidence in the 737 MAX which could ultimately impact sales.”

    The analysts said it wasn’t clear yet whether the blowout on Friday was due to an assembly mistake at Boeing, an improper installation from fuselage maker Spirit AeroSystems or oversight issues elsewhere. But they noted that the aircraft was relatively new, having been delivered on Oct. 31. And they said that “some scrutiny must be saved for regulators as well, as the FAA is ultimately responsible for certificating these aircraft before delivery.”

    Spirit AeroSystems’ stock
    SPR,
    -11.13%

    was down 11%.

    Analysts at William Blair also said they didn’t expect a big hit to Boeing’s financials.

    “While the Alaska Airlines door plug accident was terrifying, we do not believe that it will have a major financial impact, unless another incident occurs after the aircraft returns to service,” they said in a note on Monday.

    Analysts there estimated that over the past two months, the Max 9 made up less than one-fifth of Boeing’s total deliveries. They said those deliveries would only be “modestly impacted over the first quarter as it could take some time to determine the cause.”

    Of the 23 analyst ratings on Boeing’s stock tracked by FactSet, 18 are buy ratings or the equivalent.

    Read more: How Boeing’s latest 737 Max problem is hurting the Dow

    However, Morgan Stanley analyst Ravi Shanker said the 737 Max 9 issues will likely disrupt first-quarter results for United Airlines
    UAL,
    +2.78%

    and Alaska Air
    ALK,
    -0.21%
    .

    “This will hopefully be a situation resolved in days/weeks rather than months, but it will also serve as a reminder of how fragile airline capacity can be despite the overhang of capacity,” Shanker said in a Monday research note.

    United Airlines’ stock rose 2.4% on Monday, while Alaska Air’s dipped by 0.3%.

    Along with United Airlines, Alaska Airlines and Turkish Airlines, Copa Airlines and Aeromexico grounded about 40 Boeing 737 Max 9 planes, according to reports.

    According to Deutsche Bank analysts, the affected fleet accounts for 16.1% of Alaska Airlines flights and 6.6% of United flights, although United has more 737 Max 9 aircraft than Alaska.

    Other airlines with the plane in their fleet include Jet Airways of India with one plane, Jin Air of Korea with three, KLM Royal Dutch Airlines
    KLMR,

    with five and Korean Air Lines
    003490,
    -1.52%

    with nine, according to Planespotter.net.

    European regulators also grounded the 737 Max 9 for inspection.

    Some major airlines do not have any 737 Max 9s in their fleets, including American Airlines
    AAL,
    +7.21%
    ,
    Southwest Airlines
    LUV,
    -0.10%

    and Air Canada
    AC,
    +3.42%
    ,
    according to reports.

    Also read: Shares in Boeing slump, supplier Spirit AeroSystems tanks, after panel blows out

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  • WSJ News Exclusive | UAW Expands Strike With GM After Reaching Tentative Agreement With Stellantis

    WSJ News Exclusive | UAW Expands Strike With GM After Reaching Tentative Agreement With Stellantis

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    Updated Oct. 28, 2023 10:03 pm ET

    The United Auto Workers called a fresh strike at a General Motors factory in Tennessee, a surprise walkout after negotiators had been working nearly around the clock to finalize a new contract this weekend.

    Workers at GM’s factory in Spring Hill, Tenn., were ordered to go on strike Saturday evening, according to people with knowledge of the union’s plans. The strike came just as the UAW confirmed that it reached a tentative agreement with Chrysler parent Stellantis on a new labor contract.

    Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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  • Hollywood writers strike declared over after boards approve new contract with studios

    Hollywood writers strike declared over after boards approve new contract with studios

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    LOS ANGELES — Leaders of the screenwriters union declared their nearly five-month-old strike over Tuesday after board members approved a contract agreement with studios, bringing Hollywood at least partly back from a historic halt in production.

    The governing boards of the eastern and western branches of the Writers Guild of America and their joint negotiating committee all voted to accept the deal, two days after the tentative agreement was reached with a coalition of Hollywood’s biggest studios, streaming services and production companies. After the vote they declared that the strike would be over and writers would be free to start on scripts at 12:01 a.m. Wednesday.

    Late-night talk shows — the first to go dark when writers walked out on May 2 — are likely the first shows that will resume. Scripted shows will take longer to return, with actors still on strike and no negotiations yet on the horizon.

    The writers still have to vote to ratify the contract themselves in early October, but lifting the strike will allow them to work during that process, the guild told members in an email.

    After Tuesday’s board votes, the contracts were released for the first time to the writers, who had not yet been given any details on the deal, which their leaders called “exceptional.”

    The three-year agreement includes significant wins in the main areas writers had fought for — compensation, length of employment, size of staffs and control of artificial intelligence — matching or nearly equaling what they had sought at the outset of the strike.

    The union had sought minimum increases in pay and future residual earnings from shows of between 5% and 6%, depending on the position of the writer. The studios had wanted between 2% and 4%. The compromise deal was a raise of between 3.5% and 5%.

    The guild also negotiated new residual payments based on the popularity of streaming shows, where writers will get bonuses for being a part of the most popular shows on Netflix
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    ,
    Max and other services, a proposal studios initially rejected. Many writers on picket lines had complained that they weren’t properly paid for helping create heavily watched properties.

    The writers also got the requirement they sought that shows intended to run at least 13 episodes will have at least six writers on staff, with the numbers shifting based on the number of episodes. They did not get their desire for guaranteed staffs of six on shows that had not yet been ordered to series, settling instead for a guaranteed three.

    Writers also got a guarantee that staffs on shows in initial development will be employed for at least 10 weeks, and that staffs on shows that go to air will be employed for three weeks per episode.

    On artificial intelligence, the writers got the regulation and control of the emerging technology they had sought. Under the contract, raw, AI-generated storylines will not be regarded as “literary material” — a term in their contracts for scripts and other story forms a screenwriter produces. This means they won’t be competing with computers for screen credits. Nor will AI-generated stories be considered “source” material, their contractual language for the novels, video games or other works that writers may adapt into scripts.

    Writers have the right under the deal to use AI in their process if the company they are working for agrees and other conditions are met. But companies cannot require a writer to use AI.

    Still-striking members of the Screen Actors Guild-American Federation of Television and Radio Artists returned to the picket lines earlier Tuesday for the first time since the writers struck their tentative deal, and they were animated by a new spirit of optimism.

    “For a hot second, I really thought that this was going to go on until next year,” said Marissa Cuevas, an actor who has appeared on the TV series “Kung Fu” and “The Big Bang Theory.” “Knowing that at least one of us has gotten a good deal gives a lot of hope that we will also get a good deal.”

    Writers’ picket lines had been suspended, but they were encouraged to walk in solidarity with actors, and many were on the lines Tuesday, including “Mad Men” creator Matthew Weiner, who picketed alongside friend and “ER” actor Noah Wyle as he has throughout the strikes.

    “We would never have had the leverage we had if SAG had not gone out,” Weiner said. “They were very brave to do it.”

    The Alliance of Motion Picture and Television Producers, which represents the studios in negotiations, chose to deal with the longer-striking writers first, and leaders of SAG-AFTRA said they had received no overtures on resuming talks. That’s likely to change soon.

    Actors also voted to authorize their leadership to potentially expand their walkout to  include the lucrative videogame market, a step that could put new pressure on Hollywood studios to make a deal with the performers who provide voices and stunts for games.

    The Screen Actors Guild-American Federation of Radio and Television Artists announced the move late Monday, saying that 98% of its members voted to go on strike against videogame companies if ongoing negotiations are not successful. The announcement came ahead of more talks planned for Tuesday.

    Acting in videogames can include a variety of roles, from voice performances to motion capture work as well as stunts. Video game actors went on strike in 2016 in a work stoppage that lasted nearly a year.

    Some of the same issues are at play in the video game negotiations as in the broader actors strike that has shut down Hollywood for months, including wages, safety measures and protections on the use of artificial intelligence. The companies involved include gaming giants Activision Blizzard
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    Electronic Arts
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    ,
    Epic Games, Take 2 Productions
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    -0.99%

    as well as Disney
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    and Warner Bros.′
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    videogame divisions.

    “It’s time for the videogame companies to stop playing games and get serious about reaching an agreement on this contract,” SAG-AFTRA President Fran Drescher said in a statement.

    Audrey Cooling, a spokesperson for videogame producers, said they are “continuing to negotiate in good faith” and have reached tentative agreements on more than half of the proposals on the table.

    So far this year, U.S. consumers have spent $34.9 billion on videogames, consoles and accessories, according to market research group Circana.

    The threat of a videogame strike emerged as Hollywood writers were on the verge of getting back to work after months on the picket lines.

    The alliance of studios, streaming services and producers has chosen to negotiate only with the writers so far, and has made no overtures yet toward restarting talks with SAG-AFTRA. That will presumably change soon.

    SAG-AFTRA leaders have said they will look closely at the writers’ agreement, which includes many of the same issues, but it will not effect their demands.

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  • U.S. factory orders plunge in July after four straight gains

    U.S. factory orders plunge in July after four straight gains

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    Orders for U.S. manufactured goods fell a sharp 2.1% in July, the Commerce Department said Tuesday. This is the first decline after four straight monthly gains.

    Economists surveyed by the Wall Street Journal were expecting a 2.3% fall in July.

    Excluding transportation, orders rose 0.8% in July after a 0.3% gain in the prior month.

    Economists said that higher interest rates are putting pressure on business equipment spending.

    Durable-goods orders fell 5.2 % in July, unrevised from the data that was released on Aug. 24. Non-durable goods orders rose 1.1%. 

    Orders for nondefense capital goods, excluding aircraft, rose 0.1% in July, also unrevised from prior estimate. 

    U.S. stocks
    DJIA

    SPX
    were trading lower on Tuesday following the long holiday weekend.

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  • Durable-goods orders rise for third month in a row — if Boeing is taken out of the equation

    Durable-goods orders rise for third month in a row — if Boeing is taken out of the equation

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    The numbers: Orders for long-lasting goods rose in July for the third month in a row if recent ups and downs at Boeing are set aside, suggesting the struggling industrial side of the U.S. economy may have stabilized.

    Durable-goods orders increased 0.5% in July if transportation — automobiles and planes — are excluded. Boeing
    BA,
    -3.16%

    orders often seesaw in the summer months and distort the true condition of U.S. manufacturing.

    Headline orders, which include transportation, sank by 5.2% last month, the government said Thursday.

    Economists polled by the Wall Street Journal had forecast a 4.1% drop in July following a 4.4% spike in June. The topsy-turvy results in the past two months are almost entirely due to Boeing.

    A better measure of the health of U.S. manufacturing, known as core orders, edged up 0.1% in July. That figure omits defense and transportation and is a proxy for broader business investment.

    Business investment is running slightly ahead of last year’s pace, but it has weakened considerably, and many manufacturers are treading water.

    Key details: Orders for commercial planes soared 71% in June and sank 44% in July, explaining the wildly divergent headline numbers in the past two months.

    Orders for new cars rose 0.8% in July.

    The transportation segment is a large and volatile category that often exaggerates the ups and downs in manufacturing.

    Outside the transportation sector, new orders rose in most major categories.

    Business investment has tapered off since last year, however, and companies have become more cautious in the face of rising interest rates, still-high inflation and a shift in consumer spending toward services.

    Durable goods are items like planes, cars, appliances and computers. Orders rise in an expanding economy and shrink in a contracting one.

    Big picture: Maybe the industrial side of the economy has hit bottom, and maybe it hasn’t. Getting a clear picture might have to wait until interest rates stop rising.

    Higher borrowing costs typically stunt the economy and discourage businesses from hiring, spending and investing.

    Looking ahead: “Businesses are showing caution amidst the higher rate environment and what it means for demand down the line,” said economist Ali Jaffery at CIBC Economics.

    Market reaction: The Dow Jones Industrial Average
    DJIA,
    +0.28%

    and S&P 500
    SPX,
    +0.24%

    were set to open mixed in Thursday trades.

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  • UK Economy Contracted in May as Industry Feels Pain

    UK Economy Contracted in May as Industry Feels Pain

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    By Ed Frankl

    The U.K. economy contracted in May as industrial output slid on month, a signal that rising interest rates are weighing on economic activity.

    The country’s gross domestic product declined 0.1% on month in May, from a 0.2% growth in April, data from the Office for National Statistics showed Thursday.

    The reading was a little better than expectations in a poll of economists by The Wall Street Journal, which expected a 0.2% fall.

    The decline was driven by industrial production falling 0.6% in May, weaker than the fall of 0.2% in April, with the construction sector falling 0.2% in May, while services-sector output flatlined in the month, according to the data.

    The U.K. registered no growth in GDP in the three months to May, when compared with the three months to February, with monthly GDP now estimated to be 0.2% above prepandemic levels in February 2020, the ONS said.

    Write to Ed Frankl at edward.frankl@wsj.com

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  • April U.S. factory orders rise for fourth gain in five months

    April U.S. factory orders rise for fourth gain in five months

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    Orders for manufactured goods rose 0.4% in April, the Commerce Department said Monday. It is the fourth increase in factory-goods orders in the past five months.

    Economists surveyed by the Wall Street Journal were expecting a 0.6% rise.

    The gain was led by transportation equipment. Excluding that sector, orders were down 0.2%.

    Durable-goods orders rose 1.1% in April, unrevised from the initial estimate last week. The advance durable-goods data is always released ahead of the full report. Nondurable-goods orders fell 0.1% in April.

    Orders for nondefense capital goods, excluding aircraft, rose a revised 1.3% in April, down slightly from the prior estimate of a 1.4% increase. The gain was led by computers and machinery.

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  • $14 Billion Deal to Create Mega-Pipeline Company

    $14 Billion Deal to Create Mega-Pipeline Company

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    $14 Billion Deal to Create Mega-Pipeline Company

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  • GM Lays Off Hundreds From Product Development in Latest Cost-Cutting Move

    GM Lays Off Hundreds From Product Development in Latest Cost-Cutting Move

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    GM Lays Off Hundreds From Product Development in Latest Cost-Cutting Move

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  • New York Empire State factory gauge drops sharply in January signaling deep contraction in activity

    New York Empire State factory gauge drops sharply in January signaling deep contraction in activity

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    The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, tumbled 21.7 points to negative 32.9 in January, the regional Fed bank said Tuesday. 

    This is the lowest level since the worst of the pandemic in May 2020 and among the lowest levels in the survey’s history, the regional Fed bank said.

    Economists had expected a reading of negative 7, according to a survey by The Wall Street Journal.

    Any reading below zero indicates contraction.

    Key details: The new orders index fell 27.5 points to negative 31.1 in January. Shipments fell 27.7 points to negative 22.4.

    The indexes for prices paid and prices received moved lower.

    The employment gauges were also weak.

    Firms expect little improvement in coming months, with the futures index at 8.

    Big picture: The Federal Reserve’s steady increase in interest rates is having a slowing impact on capital spending as firms are scaling back investment, economists said. Demand for goods is also slowing after two strong years on the weak global economy. Added to the mix is the strong dollar which makes U.S. exports more expensive.

    The market pays attention to the Empire State index because it is seen as a early read on the national ISM manufacturing index to be released early next month.

    The ISM factory index contracted in December for the second straight month, falling to 48.4% from 49% in the prior month.

    Looking ahead: “Manufacturing conditions in the U.S. are deteriorating and the worst is likely ahead,” said Gurleen Chadha, economist at Oxford Economics.

    Market reaction: U.S. stocks
    DJIA,
    -1.14%

    SPX,
    -0.20%

    opened lower on Tuesday. The yield on the 10-year Treasury note
    TMUBMUSD10Y,
    3.489%

    retreated to 3.51% after reaching 3.57% in early morning trading.

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  • Aaron Judge signs $360 million deal with Yankees — at $40 million a year, he’ll be the highest paid position player in MLB

    Aaron Judge signs $360 million deal with Yankees — at $40 million a year, he’ll be the highest paid position player in MLB

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    Aaron Judge has agreed to return to the New York Yankees on a $360 million, nine-year contract, according to Tuesday reports from the MLB Network and Fox.

    Judge will make $40 million per season on his new deal with the Yankees, the highest average annual payout for a position player in MLB history. The new deal is the third largest overall contract in MLB history in total value, only behind Mike Trout’s $426.5 million deal with the Los Angeles Angels and Mookie Betts’ $365 million deal with the Los Angeles Dodgers.

    See also: Athletes like Tom Brady and Odell Beckham took crypto as compensation. As of now, that’s backfiring.

    Judge, 30, turned down a seven-year, $213.5 million extension from the Yankees before this season, according to Yankees President Brian Cashman, in hopes of earning more in free agency. He appears to have done that with this agreement.

    Judge is coming off his best season as a professional after winning the American League MVP award and leading the Yankees to a division title. While an MVP award is usually a telltale sign that a player just had a special season, it was actually even more magical than that.

    See also: Dropping Aaron Judge’s 61st home-run ball might have cost this fan $250,000 or more

    Judge broke the American League home-run record of 61, set by Roger Maris in 1961, when he hit 62 home runs last season. The only players in history who have hit more than 61 home runs in a single season played in the National League — and they have been linked to steroid use.

    Before his new reported deal, in his seven seasons as a big leaguer, Judge has earned a total of just $36 million from his contracts, according to Spotrac, for a career average annual salary of $5.14 million, not appreciably higher than the game’s current average of $4.4 million. He was the 54th highest paid player in the MLB last season at $19 million.

    See also: Cristiano Ronaldo will reportedly join Saudi club Al-Nassr for historic $210 million per season

    Judge, was selected by New York in the first round of the 2013 MLB draft and made his big league debut in 2016.

    The Associated Press contributed to this article.

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  • Eurozone economic activity contracted for fifth straight month in November, PMIs signal

    Eurozone economic activity contracted for fifth straight month in November, PMIs signal

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    November saw business activity fall across the eurozone for the fifth consecutive month, adding to fears of a recession, the latest flash purchasing managers indexes showed.

    The S&P Global eurozone composite PMI rose to 47.8 in November from 47.3 in October, according to the preliminary reading. This is above the forecast of 47.0 of economists polled by The Wall Street Journal.

    “The PMI data for the fourth quarter so far put the eurozone economy on course for its steepest quarterly contraction since late-2012, excluding pandemic lockdown months,” S&P Global said in the report.

    Manufacturing continued to lead the downturn, with factory output dropping for a sixth consecutive month, although the rate of decline eased, the report said. Service sector output also fell, down for the fourth consecutive month.

    The November PMI data also bring some tentative good news, Chris Williamson, chief business economist at S&P Global Market Intelligence, said. The economist pointed out that the overall rate of decline has eased compared to October thanks to some easing in supply constraints and the warm weather easing fears regarding energy shortages.

    Price pressures are showing signs of cooling, which should contain inflation. However, both manufacturing and services sectors are still under severe pressure, the economist said in the report.

    “A recession therefore looks likely, though the latest data provide hope that the scale of the downturn may not be as severe as previously feared,” Mr. Williamson said.

    Write to Maria Martinez at maria.martinez@wsj.com

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  • U.N. Chief Tells Climate Summit: Cooperate Or Perish

    U.N. Chief Tells Climate Summit: Cooperate Or Perish

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    U.N. Secretary General António Guterres warned world leaders at the COP27 climate conference this week that the world is “on a highway to climate hell,” and urged the two biggest polluting countries, China and the United States, to “cooperate or perish.” What do you think?

    “Ideally we could do both.”

    Ruth King, Nickel Plater

    “It won’t be easy, but I’m confident we can pull together to collectively ignore this warning.”

    Darnell Todd, Doorstop Designer

    “For the last time, we already chose perish!”

    Marlin Barrett, Railway Switch Operator

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