The United Auto Workers and General Motors have agreed to a deal that will put an end to collective bargaining talks between the union and Detroit automakers. GM is the final Detroit automaker to reach a deal with the union following historically contentious talks. The 4½-year tentative agreements must still be ratified by members at … Read more
The UAW will not expand its strikes for the first week since work stoppages began, after the sides failed to reach tentative agreements by Sept 14. The union had been gradually increasing its strikes against the Detroit automakers but said it’s making progress in negotiations. Only 25,200 workers, or roughly 17% of UAW members covered … Read more
Among the sticking points highlighted by United Auto Workers on strike are the billions of dollars Detroit’s legacy carmakers have plunged into stock repurchases. Now, as the strike extends into its second week, some investors say they’re willing to forgo those coveted share buybacks as the companies face soaring labor costs over the next several … Read more
34 Mins Ago Evercore upgrades CVS on strong valuation Evercore ISI thinks CVS’ “attractive” valuation and effort to improve operational headwinds will boost shares. The firm upgrade CVS stock to outperform from in-line in a Tuesday note. “CVS, like many [managed care organizations], is a complex organization, and we see a number of factors swinging … Read more
UAW Strike Begins as GM, Ford, Stellantis Contract Negotiations Fail Bloomberg Source link
Markets rallied on a successful Arm IPO and decent economic data. UAW members walked out of three key auto plants. More airlines are warning about fuel costs. Here are the most important news items that investors need to start their trading day: The Dow Jones Industrial Average saw its best day in more than a … Read more