Canadian labor union Unifor on Sunday said its members had voted in favor of a contract with General Motors, a relief for the automaker as it also faces a larger strike by hourly workers in the United States.
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The United Auto Workers said on Saturday they had to escalate action against Ford as they expected a revised offer from the automaker but were given the same offer as two weeks ago.
Tesla (NASDAQ: TSLA) has been cutting prices all year and added another cut in just the last few weeks. But the impact on the business may not be what investors think. Margins are dropping and shipments aren't rising as a result of the price cuts.
Rivian (NASDAQ: RIVN) has been a promising electric vehicle company since coming to public markets, but it's run into a consistent problem. Operations are burning through money, and to get to cash-flow positive the company likely needs to build another manufacturing plant.
United Auto Workers President Shawn Fain said Friday that the union will not expand its strike against the Detroit Three automakers at the moment, but said they would now walk out of additional facilities without warning rather than wait until Fridays to announce new plans.
General Motors GM secured a tentative deal with approximately 4,300 Canadian autoworkers after the union, Unifor, representing these workers, initiated a national strike on Tuesday at three GM facilities.
The historic strike by the United Auto Workers (UAW) union against the Detroit 3 automakers —General Motors GM, Ford F and Stellantis STLA — entered its 29th day. In a surprise move this Wednesday, UAW initiated a strike at Ford’s
December S&P 500 futures (ESZ23) are trending down -0.24% this morning after three major U.S. benchmark indices closed lower on Thursday as hotter-than-expected U.S. inflation data bolstered bets on Federal Reserve rate hikes while investors geared up for earnings from big U.S. banks.
December S&P 500 futures (ESZ23) are trending down -0.24% this morning after three major U.S. benchmark indices closed lower on Thursday as hotter-than-expected U.S. inflation data bolstered bets on Federal Reserve rate hikes while investors geared up for earnings from big U.S. banks.
December S&P 500 futures (ESZ23) are trending down -0.32% this morning after three major U.S. benchmark indices closed lower on Thursday as hotter-than-expected U.S. inflation data bolstered bets on Federal Reserve rate hikes while investors geared up for earnings from big U.S. banks.
United Auto Workers President Shawn Fain is expected to deliver a video address on Friday that could lead to another escalation of the union's strikes against the Detroit Three automakers, or to reprieves as rewards for more concessions to union demands.
Tesla, Inc.’s TSLA market share in the U.S. electric vehicles (EV) segment has come down to 50% in third-quarter 2023 from a much-vaunted 62% in the first quarter. EVs have been rapidly gaining ground since the pandemic years, and
December S&P 500 futures (ESZ23) are trending down -0.09% this morning after three major U.S. benchmark indices closed lower on Thursday as hotter-than-expected U.S. inflation data bolstered bets on Federal Reserve rate hikes while investors geared up for earnings from big U.S. banks.
Over the past three years, retail investors have rocked the boat like never before on Wall Street. The meme-stock phenomenon of early 2021, which saw dozens of short-sold stocks explode higher in a matter of days, sounded their arrival. But it's the trading activity of these ever
What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.62%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.51%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.37%. Stocks on Thursday posted moderate losses as T-note...
Wall Street's main indexes closed lower on Thursday after a U.S. Treasury auction sent bond yields higher while investors were already digesting data that showed consumer prices rose more than anticipated in September.
Wall Street's main indexes fell on Thursday after a U.S. Treasury auction sent bond yields higher while investors were already digesting data that showed consumer prices rose more than anticipated in September.
Wall Street's main indexes fell on Thursday as bond yields rose and data showed consumer prices rose more than anticipated in September, clouding the Federal Reserve's interest rate outlook.