Streetbeat News

Labor Issues

TSLA

The Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against Tesla, alleging widespread racist harassment of Black workers and retaliation against those who spoke out. The lawsuit could potentially harm Tesla's reputation and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 7:58 pm

SPY

Richmond Fed President Barkin has stated in an interview with Bloomberg TV that he does not foresee any 'trauma' in the labor market. This suggests a positive outlook for the economy and labor market stability.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 7:44 pm

TSLA

Tesla Inc's shares are trading higher by 2.1% amid ongoing UAW strikes at the company's Big 3 rivals. Morgan Stanley maintained an Overweight rating and $400 on the stock. The strikes at Tesla's rivals can disrupt their production and supply chains, potentially giving Tesla a competitive advantage. The company might see opportunities to expand its production and sales during this period.

Portfolio Pulse from Henry Khederian

September 28, 2023 | 6:04 pm

UAL

United Airlines has launched the United Military Pilot Program, offering active-duty U.S. military pilots conditional job offers as First Officers. The program allows military pilots to complete their service and meet all United hiring requirements before joining the airline. United has hired over 4,000 new pilots in the last 24 months and plans to hire over 10,000 this decade. The airline currently employs nearly 7,700 military veterans and 1,500 actively serving personnel.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 6:01 pm

DASH

UBER

Uber Technologies Inc and Doordash Inc have lost their bid to block New York City's minimum wage for delivery workers. This could potentially increase operational costs for the companies.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 5:00 pm

TSLA

Tesla shares are trading higher amid the ongoing UAW strikes at the company's Big 3 rivals. Morgan Stanley has maintained an Overweight rating and a $400 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 4:43 pm

MSOS

Illinois Governor Pritzker stated at the Benzinga Cannabis Capital Conference that Illinois has become a hub for some of the largest cannabis companies in the nation, creating over 30,000 jobs.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 3:43 pm

AAPL

ATVI

MSFT

NTDOY

SONY

TTWO

Epic Games, the creator of Fortnite and Unreal Engine, is reportedly laying off 16% of its workforce, which equates to around 900 employees, according to Bloomberg News.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:56 pm

F

GM

STLA

The United Auto Workers (UAW) union is targeting a 30% pay raise in its contract negotiations with U.S. automakers, according to Bloomberg. The companies potentially affected by this include Ford Motor Co. (F), General Motors Co. (GM), and Stellantis N.V. (STLA).

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:45 pm

F

GM

SPY

STLA

Federal Reserve's Goolsbee has stated that the duration of the auto strike will significantly impact the GDP. The companies potentially affected include Ford (F), General Motors (GM), and Stellantis (STLA). The overall market, represented by SPY, may also be influenced.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:48 pm