Streetbeat News

Labor Issues

MTN

Vail Resorts has announced a two-year plan aimed at future growth and global expansion. The plan includes position eliminations affecting less than 2% of its workforce.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:09 pm

HTZ

The Teamsters union has authorized a strike at Hertz as the contract expiration approaches, potentially impacting operations and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:09 pm

SPR

Spirit Aerosystems is currently reviewing contingency plans related to potential furloughs, but no decision has been made yet, according to a company spokesperson.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 7:35 pm

MSFT

SONY

UBSFF

Ubisoft faces multiple challenges as Star Wars Outlaws underperforms, Assassin's Creed Shadows is delayed, and employee strikes loom. The company plans a strategic shift by releasing games on Steam to boost sales.

Portfolio Pulse from Franca Quarneti

September 26, 2024 | 5:53 pm

SAP

SAP SE is experiencing a decline in employee morale in its home market due to a restructuring plan initiated by CEO Christian Klein. This internal survey result could impact the company's operations and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 5:01 pm

UPS

UPS plans to hire over 125,000 employees for the holiday season, with most positions not requiring an interview. The company offers a $250 referral bonus to current employees and the new hires are covered under a union agreement.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:33 pm

F

GM

VWAGY

XPENG

The article discusses the challenges faced by traditional automakers like Ford, GM, and Volkswagen in adapting to the EV era, as they face competitive pressure from Chinese EV makers like BYD and XPeng. Ford is struggling with its EV business, while Volkswagen faces potential strikes over plant closures. Meanwhile, Chinese EV makers are expanding aggressively in Europe.

Portfolio Pulse from Upwallstreet

September 26, 2024 | 3:54 pm

LUV

Southwest Airlines' CFO announced during Investor Day that the company's moderated capacity plan will result in a flat to down headcount by 2027 compared to 2024 levels.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:51 pm

SPY

Federal Reserve Governor Lisa Cook expressed optimism about AI's potential to boost productivity but also warned of possible negative impacts on employment. The balance between productivity gains and job displacement remains a key concern.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:37 pm

SPY

U.S. Treasury Secretary Yellen discussed efforts to improve liquidity and access to the Fed's discount window, while noting that guaranteed deposits are a congressional issue. She indicated that the labor market and inflation trends suggest a soft landing, with housing being a key inflation factor.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:20 pm