Sweden's biggest union on Tuesday threw its weight behind a six-month-old strike by mechanics at Tesla, escalating a conflict the notoriously union-shy company is facing with a Nordic labour force committed to collective bargaining. The focus of the dispute - among Sweden's longest - is Tesla CEO Elon Musk's refusal to sign a collective bargaining agreement allowing the union to strike deals for the workforce as a whole. Last month, Musk said the labour storm had passed in the country where Tesla's Model Y is the top-selling car, but he was contradicted by a representative for metal workers' union IF Metall, who said its strike continued.
Meme stocks soared again as US equities more broadly stayed muted in the countdown to fresh inflation data and a Jerome Powell speech.
TOKYO — Markets on Wall Street inched slightly higher ahead of the release of more inflation data from the U.S. government. Futures for the Dow Jones Industrials and S&P 500 were each less than 0.1% higher before the bell Tuesday. Home Depot shares rose 1.8% in premarket after the home improvement chain beat profit forecasts but logged its third straight quarter of declining sales. The retailer has been warning about softening sales with mortgage rates still elevated, which makes it more expensi
TORONTO — Hydro One Ltd. reported its first-quarter profit rose compared with a year earlier, helped by higher revenue. The power utility says it earned net income attributable to common shareholders of $293 million or 49 cents per diluted share for the quarter ended March 31. The result compared with a profit of $282 million or 47 cents per diluted share in the first quarter of 2023. Revenue for the quarter totalled $2.17 billion, up from $2.07 billion in the same quarter last year. Revenue, ne
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