UAW

The United Auto Workers (UAW) union is reportedly threatening to expand its strike against Detroit carmakers if negotiations for new four-year contracts do not make progress.  What Happened: Currently, there’s a limited strike at General Motors (NYSE:GM), Ford Motor...

It’s another red session for Wall Street on Wednesday, with signs of a bearish trend becoming increasingly apparent. The drivers behind the weakening risk sentiment continue to be the rise in crude oil prices, with WTI climbing to $93 per barrel, marking over a 3% gain in the session, and the...

Amidst an ongoing strike by the United Auto Workers (UAW), the union’s president, Shawn Fain, has openly criticized former President Donald Trump in advance of his visit to Detroit. Fain accuses Trump of favoring the ‘billionaire class’ over the needs of the working class. What...

President Joe Biden made history on Tuesday by becoming the first sitting U.S. president to join a picket line during a major strike. What Happened: The 46th U.S. president traveled to Michigan to show support for the United Auto Workers (UAW), which is striking all three major Detroit motor...

Until recently, Tesla Inc (NASDAQ: TSLA) rivals were mostly all about the EV talk, but Nissan Motor Co Ltd (OTC: NSANY) is among the first to walk its EV talk. Nissan CEO Mokoto Uchida made an official statement on September 25th, in which the automaker committed to all-electric vehicles in Europe...

To gain an edge, this is what you need to know today. Recession Worries Please click here for a chart of iShares Russell 2000 ETF (ARCA: IWM). Note the following: The chart shows that small caps have accelerated to the downside and are now far away from the downward sloping trendline....

President Joe Biden, on Friday, extended solidarity with the workers striking against the Detroit three automakers and said that he would be joining the picket line in Michigan on Tuesday. What Happened: “Tuesday, I'll go to Michigan to join the picket line and stand in solidarity with the...

The Federal Open Market Committee meeting dominated the markets this week, with the Fed deciding to leave rates unchanged at 5.25%-5.5%, as widely expected. Dot Plot Indicates 1 More Rate Hike, Fewer Cuts in 2024: The median preference for the projected fed funds rate at the end of 2023 held...

The United Auto Workers announced an expansion of strikes at 38 locations across 20 states Friday. These strikes are predominantly focused on parts and distribution facilities for General Motors Co (NYSE:GM) and Stellantis NV (NYSE:STLA), according to UAW President Shawn Fain. Additional strikes at...

The United Auto Workers (UAW) strike against Ford, GM, and Stellantis is a pivotal moment in the auto industry. Tesla, contrasting with the big three automakers, has faced legal controversies due to its non-unionized status. Despite facing an 8% reduction in stock value in recent days and...

A potential escalation of strikes looms over automotive industry leaders General Motors Co. (NYSE:GM), Ford Motor Co. (NYSE:F) and Stellantis NV (NYSE:STLA). Their labor force, represented by the United Auto Workers (UAW), threatens to expand walkouts on Friday due to...

Apple Inc. (NASDAQ:AAPL) has reportedly offered smaller pay raises to its retail employees this year, returning to pre-pandemic levels, with average annual raises, in contrast to the atypical pay hikes during the COVID-19 pandemic. What Happened: After last year’s generous pay...

The United Auto Workers union couldn't come to a contract agreement with the Detroit Big Three automakers, which has led to strikes at several facilities and a potential disruption for the sector. One analyst sees Tesla Inc (NASDAQ: TSLA) and non-union foreign automakers as the biggest winners...

In a post on X, formerly Twitter, Sen. Elizabeth Warren (D-Mass.) highlighted the substantial profits of leading automakers, advocating for fairer contracts for United Auto Workers (UAW). What Happened: On Tuesday, Senator Warren tweeted about the immense profits of General Motors Co (NYSE:GM),...

Negotiations between the Detroit Big Three automakers and the United Auto Workers union remain at an impasse, with a missed contract deadline leading to strikes against the auto companies. Here’s the latest from General Motors Company (NYSE: GM). What Happened: The UAW is asking for...