United Auto Workers (UAW) President, Shawn Fain addresses picketing UAW members at a General Motors Service Parts Operations plant in Belleville, Michigan, on September 26, 2023, as US President Joe Biden joined the workers. Jim Watson | Afp | Getty Images DETROIT – United Auto Workers President Shawn Fain doubled down on his criticism of… Continue reading UAW leader condemns Trump ahead of Michigan visit during union strike
Author: CNBC Online news
UAW strikes threaten already vulnerable auto parts suppliers
Members of the United Auto Workers union hold a practice picket in front of Stellantis headquarters in Auburn Hills, Michigan, on Sept. 20, 2023. Bill Pugliano | Getty Images As the United Auto Workers’ strike against Ford Motor, General Motors and Stellantis moves through its second week, the economic effects are beginning to ripple through… Continue reading UAW strikes threaten already vulnerable auto parts suppliers
Biden stands with striking UAW autoworkers in Michigan, supports big pay raise
President Joe Biden speaks next to Shawn Fain, president of the United Auto Workers, as he joins striking members of the union on the picket line outside GM’s Willow Run Distribution Center in Bellville, Michigan, Sept. 26, 2023. Evelyn Hockstein | Reuters President Joe Biden joined United Auto Workers members Tuesday on the picket line… Continue reading Biden stands with striking UAW autoworkers in Michigan, supports big pay raise
Jim Cramer thinks Rivian is a worth a look for investors looking to buy an EV stock
watch now Rivian Automotive (RIVN) shot up 6% on Tuesday after Wall Street analysts made an upbeat call on the electric vehicle maker. Baird named Rivian a “bullish Fresh Pick,” expecting third-quarter deliveries to beat estimates, citing improving margins at the company and stronger underlying demand for its products. The research firm emphasized its outperform… Continue reading Jim Cramer thinks Rivian is a worth a look for investors looking to buy an EV stock
Used cars are older, pricier. 3 things to think about when shopping for a previously owned vehicle
Customers browse in a used car lot on Feb. 15, 2023 in Glendale, California. Mario Tama | Getty Images News | Getty Images As recently as 2019, used car shoppers could find a 3-year-old vehicle for about $23,000. That’s less likely today — in terms of both age and price. Pandemic-era manufacturing issues have since… Continue reading Used cars are older, pricier. 3 things to think about when shopping for a previously owned vehicle
UAW strike: Biden, Trump seek blue-collar votes in swing state Michigan
watch now DETROIT – Strikes by the United Auto Workers union against General Motors, Ford Motor and Stellantis will get the presidential treatment this week in Michigan. Twice, in fact. President Joe Biden visited a picket line Tuesday at a GM parts facility in Belleville following a public invitation Friday from UAW President Shawn Fain,… Continue reading UAW strike: Biden, Trump seek blue-collar votes in swing state Michigan
Jim Cramer’s top 10 things to watch in the stock market Tuesday
1. U.S. stocks edge lower in premarket trading, with the S&P 500 down 0.57%, while government bond yields continue to hold steady. Is there any relief from the bond market’s tyranny? It’s been a remarkable rally in yields for the 20-year Treasury, which is at nearly 4.8% and is almost un-inverted. I have told Club… Continue reading Jim Cramer’s top 10 things to watch in the stock market Tuesday
Biden’s visit to UAW picket line not influenced by Trump’s, White House says
U.S. President Joe Biden hosts a summit with Pacific islands leaders at the White House in Washington, D.C., Sept. 25, 2023. Leah Millis | Reuters WASHINGTON — President Joe Biden‘s decision to join striking United Auto Workers in Detroit, Michigan, on Tuesday was not influenced by former president Donald Trump’s planned visit Wednesday, White House… Continue reading Biden’s visit to UAW picket line not influenced by Trump’s, White House says
Tim Scott suggests workers who strike should be fired. Here’s what the law actually says
Sen. Tim Scott, R-S.C., speaks to a crowd during a presidential campaign kickoff event at Charleston Southern University on May 22, 2023. The Washington Post | The Washington Post | Getty Images At a campaign event earlier this month in Fort Dodge, Iowa, Sen. Tim Scott of South Carolina said former president Ronald Reagan had it… Continue reading Tim Scott suggests workers who strike should be fired. Here’s what the law actually says
Nissan says all new models launched in Europe will be fully electric
watch now Japanese carmarker Nissan announced Monday that all new models it launches in Europe will be fully electric, as it reaffirmed its aim for solely electric vehicle sales on the continent by 2030. It said it was “pressing ahead” with the existing target just a week after the U.K. pushed back a ban on… Continue reading Nissan says all new models launched in Europe will be fully electric