Streetbeat News

Labor Issues

COF

CRBG

DFS

LPLA

MET

PRU

SOFI

SYF

UNM

Financial sector shares are rising due to strong September employment data and a tentative agreement to suspend a dockworkers' strike, alleviating economic concerns.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 5:00 pm

BCS

WFC

Banking stocks are rising due to strong September employment data and a tentative agreement to suspend a dockworkers' strike, alleviating economic concerns.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 4:57 pm

NSC

Norfolk Southern announced that all its intermodal facility ingates will reopen to East Coast port destinations following a tentative agreement between U.S. dock workers and port operators, ending the work stoppage at East Coast ports.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 4:20 pm

ZIM

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares are down 13.5% after the International Longshoremen’s Association suspended its strike, following a tentative deal with the United States Maritime Alliance. The deal includes a significant pay increase and worker protections, with further negotiations ongoing.

Portfolio Pulse from Dylan Berman

October 04, 2024 | 4:19 pm

LULU

Lululemon Athletica's stock rose by 3.28% following the resolution of a port strike, which threatened supply chain disruptions. The tentative agreement between dockworkers and port operators ensures smooth operations ahead of the holiday season, benefiting retailers like Lululemon.

Portfolio Pulse from Henry Khederian

October 04, 2024 | 4:18 pm

LAZR

LOBO

MBLY

TSLA

WKHS

Auto-related companies' shares are rising following a tentative agreement to suspend the dockworkers' strike.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 4:00 pm

ANF

DECK

DKS

FORD

LULU

SKX

VFC

Apparel-related companies' shares are rising as dockworkers suspend their strike following a tentative agreement.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 3:36 pm

STLA

UAW members at a Stellantis parts center in Los Angeles have overwhelmingly voted to authorize a strike if the company does not make U.S. investments. This is the first strike authorization vote at Stellantis.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 3:17 pm

SPY

In a Bloomberg TV interview, Fed's Goolsbee stated that a broad set of data indicates the labor market is cooling. He also mentioned that if productivity continues to boom, it could imply higher growth and a higher neutral rate.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 2:15 pm

SPY

Federal Reserve's Goolsbee praises the latest jobs report as 'superb' and highlights the end of the port strike as positive news for the US economy. He cautions against overreacting to a single data point.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 2:05 pm