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...Many emails are from private contractors working with the US military....
...Would-be homebuyers who have been dreaming of Federal Reserve rate cuts might need to dial down their hopes....
...McKinsey’s revenues as a prime contractor to the federal government fell to $54.9mn in the fiscal year to September 30, from $71.1mn the previous year, according to a government database....
...Shares in the biggest military contractors to the Pentagon have shed most of their gains after Russia’s full-scale invasion of Ukraine two years ago while shares in European groups have soared....
...This week the Federal Reserve lifted its economic growth outlook, adding to investor confidence that corporate profits could continue to grow....
...As these incentives come online, contractors play a crucial role....
...It has expanded into areas such as invoice financing and credit cards, and acquired a business that connects customers with professional contractors....
...General Motors’ Cruise faces probes by numerous federal and state authorities, including the Department of Justice and Securities and Exchange Commission, after an accident that led to the shutdown of driverless...
...Packers is a cleaning contractor for slaughterhouses operated by meatpackers such as Tyson Foods....
...US interest rates: The Federal Reserve is expected to raise interest rates by a quarter of a percentage point, taking the federal funds rate to a target range of 5.25 to 5.5 per cent, as it resumes its most...
...US defence contractors are missing out on a global military boom as legislative deadlock in Washington creates government spending uncertainty....
...Global reinsurers have started to pull back from risks in the Middle East, threatening to further drive up costs and risks for businesses operating in the region.McKinsey’s work as a prime contractor to...
...Most Federal Reserve officials wanted to keep borrowing costs high “for some time”, according to minutes of their meeting in December, adding to doubts that the US central bank is poised to begin cutting...
...But as the former president has done with the 91 criminal charges he is facing across state and federal jurisdictions this year, he will try to turn the latest legal threat into political gold....
...Others have expressed concern at the potential ratcheting up of tensions with China and the ditching of Federal Reserve chair Jay Powell....
...The federal government doesn’t promise to pay defence contractors, civil servants or any of its vendors in US Treasuries; they promise to pay US dollars. So why does it issue bonds?...
...Although it was the sector’s best performance since August 2023, contractors are still feeling the effect of “a protracted downturn in activity”....
...Germany’s federal government is considering taking a stake in the submarine-building arm of Thyssenkrupp as it seeks to accelerate the spin-off of the military contractor from its ailing parent....
...Nearly 90 per cent of construction companies are struggling to hire workers, according to Associated Builders and Contractors, a US industry lobbying group....
...“The ramp-up of MVP’s contractor workforce has been slower and more challenging than expected, due to multiple crews electing not to work on the project based on the history of court-related construction...
...There’s been renewed calls for McKinsey to be stripped of its contracts for the Pentagon and a moratorium on new work for the federal government more generally....
...In May 2022, he helped secure $1.1bn in damages from insurers, contractors, and the building’s security agency over their civil responsibility for the collapse....
...In 2020, Uber and Lyft funded and won a ballot referendum that allowed them to keep treating their workers as independent contractors....
...The acquisition comes after Lockheed Martin, the world’s largest defence contractor by revenue, tried to buy the rocket maker for $4.4bn before abandoning the bid after federal regulators sued in January...
...One obvious move would be a big increase in the federal minimum wage, which has been stuck at $7.25 per hour since 2009 (it should be tripled, says de Schutter)....
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