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AUTOWORKERS STRIKE
Stellantis CEO Carlos Tavares steps down as carmaker continues struggle with slumping salesStellantis CEO Carlos Tavares is resigning after nearly four years. The company, which includes brands like Jeep and Citroen, is currently ...- Boeing strike: bosses bruised, blindsided and on brink of crisisBoeing faces a crisis as workers reject a 25% pay rise deal and initiate strike action. The company underestimated the depth of worker rese...
- Joe Biden's exit, talk of the glass ceiling, a civil rights hero. Takeaways from Day 1 of the DNCThe Democratic National Convention began its first night with speeches from Hillary Clinton and Joe Biden. Hillary Clinton addressed the on...
- Autoworkers strike cut Ford sales by 100,000 vehicles and cost company USD 1.7 billion in profitsAdditional labour costs from the four-year and eight-month agreement will total USD 8.8 billion by the end of the contract, translating to ...
- Further monetary policy rate hike hinges on incoming data: US Fed minutesThe US Monetary Policy Committee eyes a potential tightening if inflation progress falls short. Despite maintaining the 5-1/4 to 5-1/2 per ...
- Autoworkers reach a deal with Ford, a breakthrough toward ending strikes against Detroit automakersThe United Auto Workers (UAW) union has reached a tentative contract agreement with Ford, potentially ending the nearly six-week-long strik...
- Stock traders’ risk appetite faces great resetPut another way, the Federal Reserve’s restrictive monetary policy is tightening financial conditions by design. The two-month damage to st...
- United Autoworkers strikes spread to Chicago and Lansing as 7,000 more workers join the picket lineIn the past the union had picked one company as a potential strike target and reached a contract agreement with that company that would ser...
- For Tesla and Musk, auto strike carries benefits and risksUnencumbered by an activist union, Tesla can take advantage of the work stoppages to add to its substantial lead in battery technology and ...
- Powell says soft-landing not baseline, but it's sure in the forecastThey expect economic growth to slow next year to about 1.5%, from 2.1% this year, and for the unemployment rate to go no higher than 4.1%, ...
- Gold hits 2-week high as dollar eases ahead of Fed meetEuropean Central Bank policymakers want to soon start discussing how to tackle the multi-trillion-euro pool of excess liquidity sloshing ar...
- The Fed wants to cool spending; a strike, a shutdown and student loans may add iceThe U.S. Federal Reserve officials are facing new risks to their goal of squelching inflation without a recession. The officials will meet ...
- UAW strike: Ford temporarily lays off 600 employees, GM to ‘idle 2000 workers’, Union responds amid negotiationsThe United Auto Workers (UAW) strike against General Motors (GM), Ford, and Stellantis, collectively known as the Big Three automakers, has...
- UAW Chief rejects offers from Detroit Companies, calls it ‘inadequate’ — Will the auto strikes begin from September 15On Wednesday, the United Auto Workers unveiled a plan to initiate a series of strikes directed at specific U.S. auto plants. This marks the...
- Will US face the biggest auto strikes from September 15? Understanding the demands of United Auto WorkersThe United Auto Workers union is considering the possibility of initiating strikes at specific automotive plants if new contracts cannot be...
- Fed policymakers to sit tight on rates, debate if more is neededThose higher rates have begun to bite: Job growth has slowed, and inflation in the last couple of months has come down sharply, hitting 3.3...
- Detroit feels the pain as GM goes bankruptDetroit residents are struggling to come to grips with what would have been unthinkable as recently as 2004, when GM was completing a 10-ye...
- Will family's 4th generation at GM be its last?With GM's future uncertain, the automaker received $13.4 bn in rescue loans and faces restructuring plan deadline, Rollin Green may represe...
- Union could meet resistance at Ford, ChryslerThe United Auto Workers union could meet some resistance as it tries to wrap up contract negotiations at struggling Ford Motor Co. and priv...
- In US, too, inequality is an intellectual quagmireYou have almost certainly never heard of the Treaty of Detroit, which you may connect with the French and Indian War (1756-1763).
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