In the world of finance, opinions swing like a pendulum. Take Carpenter Technology for instance. The stock received a boost as BTIG, a reputable brokerage firm, increased its price forecast from $210 to $230. This is not just a small jump. It's a vote of confidence from BTIG. The firm is optimistic about Carpenter Technology. The firm believes that the recen...
In Pittsburgh, a unique kind of holiday cheer filled the air. Instead of carols, there were picket signs. Instead of holiday shoppers, there were striking Starbucks workers. About 200 workers from 10 coffee shops across the city walked off the job, demanding a union contract. They sang a twist on "We Wish You a Merry Christmas" – "we won't go until we get one. " The...
Another strike is brewing at Amazon's doorstep in New York's Staten Island. This time, warehouse workers have joined the fray, joining thousands of union members who started striking earlier this week. But Amazon isn't worried, claiming the strike won't affect customer shipments. The retail giant has a network of distribution centers, and the ones on strike are just ...
In the United States, Amazon delivery drivers are protesting in four states. These drivers complain about long hours, heavy workloads, and little support. They say they have to deliver around 400 packages a day, with few breaks and no helpers. Amazon, however, says the strike won’t affect holiday deliveries and that their routing tech helps drivers finish on time. T...
In Las Vegas, workers are on their third day of picketing at a major casino. They're protesting for better pay and benefits, similar to what others got last year. The strike is happening just before a big racing event, the Las Vegas Grand Prix. No talks are planned between the union and casino management yet. The union has around 70, 000 members, and this is their fi...
October saw the slowest job growth since late 2020, with only 12, 000 new jobs created. That's a big drop from September and way below what experts were expecting. The unemployment rate stayed the same at 4. 1%, but a broader measure that includes people who want jobs but aren't actively looking also stayed steady at 7. 7%. A big part of the slowdown was the strike ...
Boeing’s new CEO, Kelly Ortberg, has big plans to turn things around. He wants the company to be leaner and make higher-quality planes. But right now, Boeing is facing a big problem: a strike by thousands of workers. These machinists are upset about their contract and have been picketing outside a Boeing factory in Washington. Boeing just reported a big loss of over...
Spirit AeroSystems, a major supplier for Boeing, has decided to put 700 of its employees on temporary leave. This comes as a result of the ongoing strike by machinists at Boeing, which has now lasted for six weeks. The strike started on September 13 when over 32,000 Boeing workers rejected a tentative labor agreement. This has added to Boeing's financial struggles an...
Boeing, the world-famous plane manufacturer, has hit a rough patch. The company's new CEO, Kelly Ortberg, has announced that about 10% of the workforce will be laid off in the coming months. This news has sparked conversations about the company's past spending habits. Between 2010 and 2019, Boeing spent a whopping $68 billion on stock buybacks and dividends. These ar...
You might have heard that Boeing is cutting 17,000 jobs. That's about 10% of their workforce. Why are they doing this? Well, they're losing a lot of money, and a five-week-long strike at their factories isn't helping. Boeing says they'll lose $9.97 per share in the third quarter alone. That's a lot of money! The strike started in September when workers didn't agree ...