Streetbeat News

Labor Issues

COST

Costco has rejected 98% of the contract provisions proposed by the Teamsters union, indicating rising tensions as the contract deadline approaches.

Portfolio Pulse from

December 12, 2024 | 7:30 pm

BA

Boeing is facing challenges in ramping up production of its 737 MAX jet following a significant strike at its U.S. factories. Despite the strike ending over a month ago, production progress remains slow.

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December 12, 2024 | 11:30 am

NVDA

Nvidia is increasing its workforce in China to boost research in AI-driven cars, focusing on autonomous driving technologies.

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December 12, 2024 | 4:45 am

VWAGY

Volkswagen is offering a 14% wage increase over four years and profit sharing to its newly unionized workers at its Tennessee assembly plant.

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December 11, 2024 | 9:45 pm

GS

Goldman Sachs CFO Denis Coleman anticipates a more favorable M&A environment by 2025 and emphasizes the importance of talent for the firm's success.

Portfolio Pulse from

December 11, 2024 | 7:30 pm

BCS

Barclays is planning to hire up to 100 advisers to expand its Private Banking and Wealth Management unit. This move aims to offset lower lending revenues due to declining interest rates.

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December 11, 2024 | 5:00 pm

AON

Aon plc reports a significant decrease in clinician turnover in U.S. hospitals, attributed to improved pay and benefits. The firm's survey shows a marked reduction in turnover rates for nurses, non-physician clinical positions, and physicians compared to 2023.

Portfolio Pulse from

December 11, 2024 | 3:15 pm

BA

Boeing is seen as a high reward/controlled risk opportunity, with potential long-term gains. The company's recent performance, production recovery, new union contract, and backlog on the 737 MAX suggest a possible comeback. Despite no dividend, Boeing's valuation and chart setup indicate potential upside.

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December 11, 2024 | 2:45 pm

VWDRY

Vestas Wind Systems plans to cut hundreds of jobs at its Isle of Wight factory as it repurposes the site to manufacture onshore turbine blades.

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December 11, 2024 | 2:00 pm

AQB

AquaBounty Technologies, Inc. (NASDAQ: AQB) announced plans to cease its fish farming operations at Bay Fortune, including workforce reductions and senior management exits.

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December 11, 2024 | 1:15 pm