Streetbeat News

Labor Issues

BA

ITA

PPA

Boeing Co (NYSE:BA) faces a potential strike as Washington state factory workers voted overwhelmingly in favor of a strike mandate, demanding a 40% raise. The strike cannot occur before the contract expires on September 12. This comes as Boeing struggles with market share loss to Airbus SE (OTC:EADSY) and other legal issues. Boeing's stock has lost over 12% in the last 12 months. Investors can gain exposure to Boeing via IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Shivani Kumaresan

July 18, 2024 | 12:30 pm

FSUMF

Fortescue (OTC:FSUMF) has delayed its green hydrogen plans due to high energy prices and recent executive departures. The company remains committed to future green energy projects and has announced job cuts and new executive appointments.

Portfolio Pulse from Stjepan Kalinic

July 18, 2024 | 12:26 pm

USAP

Universal Stainless & Alloy Products (USAP) has reached a new five-year collective bargaining agreement at its North Jackson facility. This agreement is expected to provide stability and support for the company's operations and workforce.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 11:01 am

EWU

The U.K. unemployment rate for May remained unchanged at 4.4%, indicating stability in the labor market. This data could influence investor sentiment towards U.K.-focused ETFs.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 6:12 am

YOU

CLEAR has expanded its services to Honolulu's Daniel K. Inouye International Airport, creating 64 new jobs and positively impacting the local economy.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 4:57 am

ALK

Alaska Air has reached a tentative agreement with its mainline flight attendants, with voting on the agreement expected to conclude by mid-August.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 9:27 pm

LH

Labcorp workers in Washington have ratified a new three-year contract that includes higher wages for every position and the elimination of ghost steps.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 8:41 pm

DAL

UAL

United Airlines Holdings, Inc. (NASDAQ:UAL) is set to release its second-quarter earnings after the market close on Wednesday. The stock dipped 6.07% last week in sympathy with Delta Air Lines, Inc. (NYSE:DAL), which reported mixed results and weak guidance. Analysts expect UAL to report earnings of $3.95 per share and revenue of $15.096 billion. UAL's flight attendants are preparing for a strike authorization vote, demanding better pay and working conditions. TD Cowen analyst Helane Becker maintained a Buy rating on UAL and raised the price target from $65 to $80.

Portfolio Pulse from Erica Kollmann

July 17, 2024 | 5:57 pm

R

Teamsters at Ryder in Salt Lake City have rejected the company's final offer and authorized a strike. This development could impact Ryder's operations and financial performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 4:12 pm

SPY

Fed's Barkin indicates that the U.S. Central Bank will debate the appropriateness of describing inflation as elevated at the July policy meeting. He notes that low inflation is starting to sustain and broaden, and the U.S. labor market remains healthy. Barkin also mentions that a 25-basis-point interest rate cut is not significant in itself; the key issue is when to change the narrative.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 2:26 pm