Streetbeat News

Labor Issues

LUV

Southwest Airlines reported an exceptional summer performance with zero Labor Day cancellations and record customer traffic. The airline achieved a 99.9% completion factor on over 14,500 flights during the final summer travel weekend and carried over 54 million customers throughout the summer.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 7:05 am

WBD

Warner Bros. Discovery's Rocksteady Studios has laid off several employees following the poor performance of its game, Suicide Squad: Kill the Justice League. The layoffs, particularly affecting the QA team, are linked to a $200 million revenue loss for Warner Bros. Discovery.

Portfolio Pulse from Franca Quarneti

September 03, 2024 | 10:49 pm

BA

Boeing's stock is declining due to potential labor strikes and a downgrade by Wells Fargo. The IAM contract expiration could lead to a strike, and Wells Fargo downgraded Boeing from Equal-Weight to Underweight, lowering the price target to $119. Boeing shares are down 39.1% year-to-date.

Portfolio Pulse from Erica Kollmann

September 03, 2024 | 7:34 pm

INTC

MSFT

TSM

TXN

VGT

XLK

Intel's position in the Dow Jones Industrial Average is under threat due to its underperformance in the AI sector and potential restructuring plans. Analysts suggest Nvidia or Texas Instruments could replace Intel in the Dow.

Portfolio Pulse from Anusuya Lahiri

September 03, 2024 | 4:26 pm

BA

TSLA

The article covers a range of topics including a surge in Bitcoin, Ethereum, and Dogecoin, Cathay Pacific's need to replace engine parts in 15 Airbus A350 aircraft, and Boeing's pre-market share dip due to a planned worker strike. It also mentions various market movements and political events.

Portfolio Pulse from Akanksha Bakshi

September 03, 2024 | 2:40 pm

ACHC

ALTM

BA

BHP

DEC

DYN

HAFN

LPL

PRTC

X

Several major stocks, including Dyne Therapeutics, Acadia Healthcare, and Boeing, are experiencing declines in pre-market trading. Dyne Therapeutics fell sharply after announcing new clinical data, while Boeing faces potential labor issues and a downgrade from Wells Fargo.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 12:03 pm

BA

Boeing shares are declining due to the upcoming expiration of a contract with the International Association of Machinists, which may result in a strike. Additionally, Wells Fargo has downgraded Boeing's stock from Equal-Weight to Underweight.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:57 am

MSFT

NVDA

The article discusses the impact of AI on jobs, highlighting Alorica's use of AI translation tools to boost productivity without cutting jobs. Prominent tech leaders like Bill Gates, Elon Musk, and Sam Altman have varying views on AI's role in the workforce. Companies like Microsoft and Nvidia are advancing AI technologies, with Nvidia providing full-stack AI solutions.

Portfolio Pulse from Benzinga Neuro

September 03, 2024 | 10:43 am

BA

Boeing faces a potential strike by 32,000 workers as their contract nears expiration, causing a pre-market dip in shares. The strike could exacerbate Boeing's existing challenges, including safety issues and financial struggles.

Portfolio Pulse from Benzinga Neuro

September 03, 2024 | 9:58 am

CSX

CSX has reached new 5-year tentative collective bargaining agreements with the International Brotherhood of Boilermakers and the Transportation Communications Union. This development is significant for labor stability and operational continuity.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:29 pm