UAW strike brings blue collar battle, Bernie Sanders to Detroit
DETROIT — The United Auto Workers strike is bringing a blue-collar versus billionaire battle to the Motor City, just as UAW President Shawn Fain wanted. The outspoken union leader has weaponized striking — historically a last resort for the union — after less than 24 hours into a work stoppage arguably better than any UAW […]
UAW strike brings blue collar battle, Bernie Sanders to Detroit
DETROIT — The United Auto Workers strike is bringing a blue-collar versus billionaire battle to the Motor City, just as UAW President Shawn Fain wanted. The outspoken union leader has weaponized striking — historically a last resort for the union — after less than 24 hours into a work stoppage arguably better than any UAW […]
McDonald’s advocacy group criticizes new California fast food bill
A McDonald’s fast food restaurant is seen in Belmont, United States on April 03, 2023. Tayfun Coskun | Anadolu Agency | Getty Images After California lawmakers passed a landmark fast-food bill, an independent advocacy group of McDonald’s owners is pushing back against what it says will be a “devastating financial blow” to its franchisees in […]
Oil futures mark a new high for the year, up a third straight week
Oil futures on Friday mark new highs for the year, tallying a third weekly gain in a row on continued worries over tight supplies. Price action West Texas Intermediate crude CL00, +0.93% for October delivery CL.1, +0.93% CLV23, +0.93% rose 61 cents, or 0.7%, to settle at $90.77 a barrel on the New York Mercantile […]
Planet Fitness shares sink after board ousts CEO
Chris Rondeau, CEO of Planet Fitness Adam Jeffery | CNBC In a move that stunned investors and employees alike, Planet Fitness ousted company veteran Chris Rondeau from his post as CEO, the workout chain said Friday in a press release. The stock dropped 15% in the wake of the announcement, hitting a 52 week low. […]
Treasury yields extend rise as autoworkers go on strike
Treasury yields rose Friday morning, extending moves seen in the prior session, as the United Auto Workers went on strike, raising concerns about a return of price pressures in the auto sector. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y was 5.016%, up less than 1 basis point from 5.011% on Thursday. The yield […]
Treasury yields extend rise as autoworkers go on strike
Treasury yields rose Friday morning, extending moves seen in the prior session, as the United Auto Workers went on strike, raising concerns about a return of price pressures in the auto sector. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y was 5.016%, up less than 1 basis point from 5.011% on Thursday. The yield […]
How to decide whether to get them together
Pharmacist Ani Martirosyan administers an immunization to a patient at a CVS on Tuesday, Sept. 12, 2023 in Glendale, CA. Brian Van Der Brug | Los Angeles Times | Getty Images For the first time ever, vaccines for Covid, the flu and respiratory syncytial virus are available in the U.S. Public health officials are urging […]
H&M shares fall as retailer misses sales expectations; CAC 40 leads advance
H&M shares slumped Friday as the Swedish retail chain missed expectations for sales growth in a quarter in which it said it focused on profitability. H&M stock HM.B, -4.62% dropped 4% in early action, though it has rallied 47% this year. In a brief statement, H&M said fiscal third-quarter sales in local currencies was “flattish,” […]
H&M shares fall as retailer misses sales expectations; CAC 40 leads advance
H&M shares slumped Friday as the Swedish retail chain missed expectations for sales growth in a quarter in which it said it focused on profitability. H&M stock HM.B, -4.62% dropped 4% in early action, though it has rallied 47% this year. In a brief statement, H&M said fiscal third-quarter sales in local currencies was “flattish,” […]
