Streetbeat News

Labor Issues

BA

Boeing's stock is falling as 33,000 aircraft assembly workers strike, rejecting a contract offer. The strike could cost Boeing $1.5 billion if it lasts 30 days, adding to the company's challenges amid production delays and regulatory scrutiny. Analysts have mixed ratings on Boeing, with a 12-month price target averaging $205.67.

Portfolio Pulse from Erica Kollmann

September 13, 2024 | 1:25 pm

AMD

BA

BTC-USD

HOOD

PLTR

Boeing faces potential production disruptions as 30,000 workers vote for industrial action, posing financial risks. Bitcoin Spot ETFs see $39M inflows, indicating a potential bullish correction. Cathie Wood's Ark Invest buys $6.9M in AMD shares, while selling Palantir and Robinhood stocks.

Portfolio Pulse from Akanksha Bakshi

September 13, 2024 | 1:17 pm

BA

Boeing shares are experiencing a decline as workers have rejected a proposed labor contract, resulting in a strike.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:18 pm

AMZN

Amazon is investing $2 billion in its delivery services program, increasing driver wages amid unionization pressures and a recent NLRB ruling. The average driver wage will rise to nearly $22 per hour, a 7% increase from last year. This move follows union activity and regulatory scrutiny of Amazon's labor practices.

Portfolio Pulse from Anusuya Lahiri

September 13, 2024 | 12:09 pm

BA

Boeing faces potential production disruptions as over 30,000 workers plan to strike after rejecting a labor contract. The strike could cost Boeing $1.5 billion if it lasts 30 days, adding to existing production challenges.

Portfolio Pulse from Benzinga Neuro

September 13, 2024 | 5:23 am

NPSCY

X

Nippon Steel's $14.1 billion acquisition of U.S. Steel faces opposition from United Steelworkers and U.S. political figures, including Vice President Kamala Harris. The union deems the deal 'doomed' and is prepared to fight against foreign ownership. The Committee on Foreign Investment has not yet made a recommendation.

Portfolio Pulse from Kaustubh Bagalkote

September 13, 2024 | 3:46 am

SANA

Sana Biotechnology announced that Nathan Hardy, the Executive Vice President and CFO, intends to resign from his position as of September 6.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:41 pm

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UAL

United Airlines executives express growing confidence in Boeing, noting stabilized 737 delivery rates and positive leadership under Boeing's new CEO. However, concerns remain about ramp rates for the 787 and persistent engine supply constraints.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:22 pm

BBWI

Bath & Body Works is hiring over 30,000 seasonal associates across its stores and distribution centers in the US, Canada, and Puerto Rico to prepare for the holiday season.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:15 pm

CDTX

Cidara Therapeutics is reducing its workforce by 30% to focus on the clinical development of CD388, a drug candidate for influenza A and B. This strategic move aims to reduce capital needs and prioritize upcoming trials. The company is also pursuing business development for its oncology programs.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:09 pm