Boeing, Google, Yellen, and the Latest Jobs Data: Key Insights

Sunday, 8 September 2024, 19:17

Boeing has struck a deal with its union workers, while Google faces a pivotal antitrust trial. Yellen addresses concerns about recent jobs data as the US labor market portrays soft trends. This article delves deep into these technological and economic shifts.
Moneycontrol
Boeing, Google, Yellen, and the Latest Jobs Data: Key Insights

Boeing Strikes a Deal

Boeing has reached a tentative labor agreement with the union representing about 33,000 workers, avoiding a potential strike. The deal offers a 25 percent pay increase over four years, along with better health-care and retirement benefits. The union also stated that Boeing committed to building its next plane in the Pacific Northwest.

Google's Antitrust Challenge

Google is set to face its second antitrust trial with the Department of Justice regarding its dominance in the ad-tech sector. The DOJ claims Google's advertising technology offers an unfair edge, fostering a monopoly and raising ad costs for clients. Ad-tech services account for 77 percent of Google's revenue, with $237 billion generated from advertising in 2023.

Yellen's Economic Reassurance

Treasury Secretary Janet Yellen reassured the public about the strength of the US economy despite recent weak job data.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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