Streetbeat News

Labor Issues

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CARZ

F

GM

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A potential strike by dockworkers at East and Gulf coast ports in October could disrupt U.S. supply chains, affecting retail, automotive, and semiconductor sectors. Companies like Walmart, Target, and Home Depot, as well as automotive and semiconductor firms, may experience short-term impacts. The strike could lead to increased demand for leased containers and affect inventory levels.

Portfolio Pulse from Michael Juliano

September 17, 2024 | 6:00 pm

AMZN

IWD

VDC

WMT

Sam's Club, a division of Walmart Inc, has announced a new compensation plan to increase wages for its hourly associates by 3%-6%, aiming to enhance employee engagement and productivity. This move comes as competition in the retail sector intensifies, with Amazon expanding its grocery market share. Walmart's recent financial performance has been strong, with significant sales growth and a leading market share in the U.S. grocery sector.

Portfolio Pulse from Anusuya Lahiri

September 17, 2024 | 5:55 pm

SPR

The SPEEA union has started contract negotiations with Spirit AeroSystems, focusing on improving engineers' pay, benefits, and work-life balance. This could impact Spirit AeroSystems' operational costs and employee satisfaction.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 5:41 pm

BA

Elon Musk's SpaceX is succeeding with private spacewalks while Boeing faces challenges, including a strike and issues with its Starliner spacecraft. Boeing has frozen hiring and is considering furloughs, while SpaceX will rescue stranded NASA astronauts.

Portfolio Pulse from Rounak Jain

September 17, 2024 | 1:23 pm

ATHA

Athira Pharma is focusing on advancing ATH-1105 for neurodegenerative diseases, including ALS and AD, while reducing its workforce by 70% to save costs. The company expects one-time costs of $2.8M and annual savings of $13.4M, extending its cash runway into Q1 2026.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:02 pm

CMG

Chipotle Mexican Grill (NYSE:CMG) has introduced two robotic prototypes, Autocado and the Augmented Makeline, at select California locations to enhance efficiency in guacamole preparation and digital order processing. These innovations are part of Chipotle's growth strategy, supported by its Cultivate Next venture fund. Despite recent challenges, including legal issues and leadership changes, experts still view Chipotle as a strong investment opportunity.

Portfolio Pulse from Benzinga Neuro

September 17, 2024 | 10:31 am

STLA

The UAW has filed a complaint with the NLRB against Stellantis for alleged contract violations, including plans to move Dodge Durango production and not reopening the Belvidere plant. The union aims to enforce the 2023 contract commitments.

Portfolio Pulse from Anan Ashraf

September 17, 2024 | 10:20 am

BA

Boeing's stock fell after announcing a hiring freeze and cost-cutting measures amid a workers' strike. The strike, involving 33,000 workers, could cost Boeing $1.5 billion if it lasts 30 days. Analysts have mixed ratings on Boeing, with a 12-month price target averaging $205.67.

Portfolio Pulse from Erica Kollmann

September 16, 2024 | 8:24 pm

UDMY

Udemy, Inc. announced a restructuring plan impacting 280 global employees, aiming for operational efficiency. The plan involves rehiring in lower-cost regions and will incur $16-19 million in restructuring charges, recognized from Q3 2024 to Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:12 pm