{"id":9991,"date":"2023-06-19T21:39:06","date_gmt":"2023-06-20T04:39:06","guid":{"rendered":"https:\/\/strategic-ba.com\/?p=9991"},"modified":"2023-06-19T22:03:01","modified_gmt":"2023-06-20T05:03:01","slug":"business-update-21-june-2023","status":"publish","type":"post","link":"https:\/\/strategic-ba.com\/business-update-21-june-2023\/","title":{"rendered":"Business Update \u2013 21 June 2023"},"content":{"rendered":"

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.<\/span><\/p>\n

Biden gambles that delaying sanctions and playing down espionage will improve China relations<\/h3>\n

The<\/span> Biden administration has delayed punitive economic measures against China<\/span><\/a> and played down Beijing\u2019s intensifying intelligence-gathering to avoid jeopardizing its efforts to revive diplomatic talks between the two governments, according to former U.S. officials, congressional aides, Western diplomats and regional experts.<\/span><\/p>\n

If Biden\u2019s student loan forgiveness plan is struck down, what\u2019s Plan B?<\/h3>\n

Each passing day brings the country closer to knowing if the Supreme Court will kill President Joe Biden’s student loan forgiveness plan and halt relief for the more than 40 million Americans who could have some of their debt erased.<\/span> Advocates see another path – if the administration is willing to take it.<\/span><\/a><\/p>\n

UPS strike: Union employees move one step closer to a massive walkout this summer<\/h3>\n

Unionized UPS workers voted overwhelmingly Friday to authorize a strike<\/span><\/a>, setting the stage for the largest U.S. labor walkout since the 1950s. Teamsters, the union representing more than 340,000 package delivery drivers and warehouse workers, said 97% of employees voted to approve a work stoppage if the company and employees can’t agree to a new contract by midnight on July 31.<\/span><\/p>\n

Americans continue spending as inflation cools<\/h3>\n

Americans are continuing to spend despite a cooling of inflation. Still, there are some troubling economic signs.<\/span> Mark Strassmann breaks it all down<\/span><\/a>.<\/span>
\n<\/span><\/p>\n

Drivers getting some relief at the pump this summer<\/h3>\n

Drivers are getting some relief at the pump this summer due to the drop in oil prices. Though still high, the price of gas is down significantly from what it was a year ago. The national average for a gallon of regular Saturday was $3.58, according to AAA. This time last year, it was more than $5.<\/span> Michael George has more<\/span><\/a>.<\/span><\/p>\n

How the Debt Ceiling impacts interest rates<\/h3>\n

While the impacts of a U.S. debt default has been widely analyzed, there has been little published on how it might impact interest rates on savings accounts at banks and credit unions.<\/span> Read more about the potential impacts.<\/span><\/a><\/p>\n

Microsoft says early June disruptions to Outlook, cloud platform, were cyberattacks<\/h3>\n

Microsoft reported that its Outlook cloud platform experienced<\/span> disruptions in early June due to cyberattacks<\/span><\/a>.<\/span><\/p>\n

What you need to know about West Coast Port labor negotiations<\/h3>\n

The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) reached a<\/span> tentative agreement in the West Coast labor dispute on June 14<\/span><\/a>. The tentative agreement lasts for six years and covers the 29 ports responsible for most U.S. imports.<\/span><\/p>\n

Everyone with a Louisiana or Oregon Driver\u2019s License caught in one of the largest data breaches ever<\/h3>\n

The Oregon Department of Transportation (ODOT) and Louisiana\u2019s Office of Motor Vehicles (OMV) are among the many victims affected by a<\/span> massive data breach resulting from a global hack targeting the data transfer software MOVEit Transfer<\/span><\/a>. This breach has compromised personal information for millions of individuals holding driver\u2019s licenses or IDs in both states.<\/span><\/p>\n

Get in touch<\/h3>\n

Contact us if you have any questions or want to discuss the next steps for your business.<\/span><\/p>\n

 <\/p>\n

Contact us<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Biden gambles that delaying sanctions and playing down espionage will improve China relations The Biden administration has delayed punitive economic measures against China and played down Beijing\u2019s intensifying intelligence-gathering to avoid jeopardizing its efforts … Continued<\/a><\/p>\n","protected":false},"author":11,"featured_media":9475,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[88],"tags":[],"acf":[],"yoast_head":"\nBusiness Update \u2013 21 June 2023 - Strategic Business Alliance, LLC<\/title>\n<meta name=\"description\" content=\"Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. 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