Streetbeat News

Labor Issues

SPY

The U.S. Chamber of Commerce has urged President Biden to intervene and appoint an independent mediator to address the labor dispute at West Coast ports, which is causing supply chain disruptions.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 2:21 pm

GTBIF

Teamsters Local 777 has filed additional unfair labor practice charges against Green Thumb Industries (OTCQX:GTBIF), the parent company of RISE dispensaries, after the longest ULP strike at a cannabis retailer in U.S. history. The charges were brought due to the company spying on workers and diverting hours from part-time workers to temporary workers.

Portfolio Pulse from Vuk Zdinjak

June 09, 2023 | 1:23 pm

EA

EA Sports is facing a potential boycott of its 'EA Sports College Football' game due to poor compensation for college athletes. The College Football Players Association (CFBPA) has called for players to reject the proposed deal, which offers a payout of just $500 per player with no royalties.

Portfolio Pulse from Franca Quarneti

June 08, 2023 | 9:13 pm

SPY

White House Covid-19 Czar Ashish Jha is set to leave his post, according to the Wall Street Journal. The departure comes amid ongoing efforts to combat the pandemic and distribute vaccines.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 7:40 pm

NEM

Newmont Corporation (NEM) has announced its commitment to adhere to legal procedures and respect the rights of all its employees, inviting the union to engage in constructive dialogue.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 7:37 pm

NEM

Newmont Corporation is willing to participate in conciliation meetings to reach a resolution in accordance with the collective agreement, refuting claims by the National Union of Mine and Metal Workers of the Mexican Republic regarding violating legal regulation and labor.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 7:36 pm

NEM

Newmont has urged its union to abide by the mutually agreed collective bargaining agreement negotiated and signed by both parties in June 2022.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 7:35 pm

NEM

Newmont Corporation has urged the union at its Peñasquito mine in Mexico to abide by the labor agreement, following the suspension of operations at the mine. Activities related to safety, security, and environmental monitoring and protection continue.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 7:34 pm

HCP

SIVBQ

Analysts from Oppenheimer and Needham maintain positive outlooks on HashiCorp (NASDAQ:HCP) despite weak guidance and an 8% workforce reduction. Oppenheimer reiterates an Outperform rating with a $42 price target, while Needham maintains a Buy rating and lowers the price target from $39 to $34.

Portfolio Pulse from Anusuya Lahiri

June 08, 2023 | 5:16 pm

GOOG

GOOGL

Google has allowed employees in New York City and other East Coast locations to work from home due to unhealthy air quality caused by Canadian wildfires. This comes as the company enforces stricter return-to-office policies, with poor attendance potentially impacting performance reviews.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 5:09 pm