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As he emerges victorious from the Republican primary race, Trump faces considerable challenges both inside and outside the political arena. Wednesday’s inauspicious start to Trump’s outreach efforts is reflective of the longstanding concerns about his temperament and style that inspired many Republicans to support Haley, Florida Gov. In cruising to his party’s nomination, Trump left little doubt that he remains the dominant figure in the GOP. From Iowa and New Hampshire through Super Tuesday, Haley especially exposed persistent divisions in the party and headwinds for Trump recapturing moderate support. Meanwhile, nearly three in 10 of all primary voters said Trump wouldn’t be fit for the presidency if he is convicted of a crime.

Persons: Donald Trump, Nikki Haley’s, “, Democrats ”, Haley, Trump, Joe Biden, Ron DeSantis, ” Haley, Mike Pence, Tim Scott, Chris Christie, Biden, Lara Trump, –, aren’t, Doug Moran, ”, he’s, ” Moran, Jack Wolber, ” “ Donald Trump, Mitch McConnell, Sen, Lindsey Graham, Republicans can’t, Pope, Trumper, ” Pope, Roy Bailey, Elon Musk, you’ve, CNN’s Kaitlan Collins, Ebony Davis, Morgan Rimmer, Kevin Liptak Organizations: CNN, Republican Party, GOP, Democrats, Vermont, South, Republican, White, Republicans, Florida Gov, “, United Nations, Trump, RNC, don’t, Biden ”, Super, Democratic, Teamsters, MAGA, Inc, Black, Jewish American, North, North Carolina Republican, Variety, Mar, Elon, US, Biden, Democratic National Committee, Republican National Committee Locations: South Carolina, Florida, Michigan, Georgia, Arizona, Pennsylvania, Trump, Iowa, New Hampshire, Super, North Carolina, Virginia, Nashua , New Hampshire, Trump ., Michigan , Wisconsin, Detroit, Georgia , Pennsylvania, Gaza, , Texas

Loop Capital initiated Dell Technologies with a buy rating and a price target that implies more than 35% upside. Analyst Stephen Grambling hiked his price target by $9 to $49, while keeping his rating at overweight. Salesforce has popped nearly 14% in 2024, extending gains after the stock price came close to doubling in 2023 alone. Roseka's price target of $27.10 shows the potential for just 3.6% in upside compared with Tuesday's ending price. Analyst Ananda Baruah initiated coverage of the technology stock with a buy rating and a $125 price target.

Persons: Stifel, Smucker, Raymond James, Rick Patel, Patel, — Alex Harring, Kenneth Worthington, Worthington, Alex Harring, Morgan Stanley, Stephen Grambling, DKNG's, Grambling, DraftKings, Jackpocket, Morgan, Wednesday's premarket, Goldman, Goldman Sachs, Kash Rangan, Rangan, Bernstein, Daniel Roeska, Stellantis, Roseka, KeyBanc, Sophie Karp, CEG, Karp, Matthew Smith, Smith, Fred Imbert, Dell, Ananda Baruah, DELL, Baruah Organizations: CNBC, Dell Technologies, FactSet, Apollo Global Management, JPMorgan, APO, Grambling, Constellation Energy, Constellation, Dell, Capital, DELL Locations: Tuesday's, Wednesday's premarket, Grambling, Wednesday's, Salesforce, Netherlands, U.S, Europe

☆ For Michigan’s Economy, Electric Vehicles Are Promising and Scary
▼ + stars: | 2024-02-19 | by ( Peter S. Goodman | ) www.nytimes.com time to read: +1 min

That yielded a pay raise of 25 percent over the next four years, easing the pain of reductions that she and other union workers swallowed more than a decade ago. But as Ms. Simmons, 38, contemplates prospects for the American auto industry in the state that invented it, she worries about a new force: the shift toward electric vehicles. The Biden administration has embraced electric vehicles as a means of generating high-paying jobs while cutting emissions. It has dispensed tax credits to encourage consumers to buy electric cars, while limiting the benefits to models that use American-made parts. But autoworkers fixate on the assumption that electric cars — simpler machines than their gas-powered forebears — will require fewer hands to build.

Persons: Tiffanie Simmons, S.U.V.s, Simmons, President Biden, Biden, Mr Organizations: Ford Motor, United Automobile Workers Locations: Detroit

☆ Trump heads to Michigan with eyes on a Biden rematch but legal woes loom over campaign
▼ + stars: | 2024-02-17 | by ( Steve Contorno | Kristen Holmes | ) edition.cnn.com time to read: +8 min

A 2020 election denier’s tumultuous reign atop the Michigan Republican Party had only recently begun. Since then, the strike has ended and the top union representing Michigan autoworkers, United Auto Workers, has endorsed President Joe Biden. State party turmoilAhead of his visit, Trump and his allies sought to put an end to turmoil within the Michigan Republican Party, which has faced a reckoning over its readiness for the 2024 election. The state party ousted its chair, Kristina Karamo, last month in the face of internal strife and lackluster fundraising. The recent Fox News survey from Michigan found Biden leading Trump 53% to 41% among union households.

Persons: Donald Trump, Trump, Joe Biden, Nikki Haley –, Stormy Daniels, Friday’s, “, Biden, Hillary Clinton’s, Haley, Kristina Karamo, Pete Hoekstra, Hoekstra, Democratic Sen, Debbie Stabenow, ”, Jason Cabel Roe, it’s, – Trump, Trump’s, Shawn Fain, ” Trump, Fain, ” Fain, Cabel Roe, “ There’s Organizations: CNN, Michigan, Republican, GOP, Michigan Republican Party, Michigan autoworkers, United Auto Workers, Republicans, South Carolina Gov, Michigan GOP, Trump, Fox, Sneaker Con, South Carolina Army National Guard, Republican National, White House, Democratic, doesn’t, Republican Party, Biden, Big, Teamsters, UAW Locations: California, Michigan, New, York, ”, Georgia, Waterford Township, Detroit, Waterford, Trump’s Michigan, –, Philadelphia, South Carolina, State, Netherlands, Washington ,, Wisconsin, Pennsylvania

But the donors in the American Opportunity Alliance do not move in unison, and people supporting Ms. Haley — and who had supported Gov. Some members of the group have been open about wanting a candidate other than Mr. Trump. Mr. Trump also has repeatedly attacked major donors as being part of the “swamp” that he derides. The network supported Ms. Haley, but as The New York Times recently reported, some of its donors regretted that endorsement. They also suggested that they would be focusing intensely on Senate and House races, especially if Mr. Trump became the nominee.

Persons: Republican megadonors, Donald J, Trump, Nikki Haley, Haley’s, Betsy Ankney, Trump’s, Susie Wiles, Puck, Ricketts, Paul Singer, Kenneth Griffin, Haley —, Ron DeSantis, Haley, Mr, DeSantis, —, Linda McMahon, President Trump, Nikki Haley’s, Mark Kauzlarich, Jean Carroll, Koch, Emily Seidel, Michael Palmer, Ms Organizations: Republican, American Opportunity Alliance, Chicago Cubs, Sunday, New, Small Business Administration, President, The New York Times, Trump Republican Party, Mr, Prosperity, New York Times Locations: Palm Beach, Fla, Florida, Dallas, Iowa, New Hampshire, South Carolina, Indian Wells, Calif

☆ UAW says 64% of workers vote to ratify Detroit Three contracts
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

Nov 20 (Reuters) - The United Auto Workers (UAW) union said Monday that 64% of workers at the Detroit Three automakers voted to ratify new contracts. Despite the opposition from workers at some major facilities, UAW members voted to ratify the contract by a near two-third margin. Automakers, looking to trim costs as they make the shift to electric vehicles, face higher hourly labor costs. About 55% of votes cast by GM members were in favor of the new deal, while about 69% of Ford members and 68% of Stellantis workers who voted supported the agreement, according to a UAW vote tracker. Reporting by David Shepardson and Shivansh Tiwary; Editing by Chizu Nomiyama and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Shawn Fain, Ford, Jim Farley, David Shepardson, Chizu Nomiyama Organizations: United Auto Workers, UAW, Detroit Three, U.S, Ford, GM, Chrysler, Thomson Locations: Michigan , Kentucky, Illinois

☆ UAW-Stellantis deal includes $18.9 billion in investments, new truck for idled plant
▼ + stars: | 2023-11-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

The investments are expected to be completed during the term of the 4½-year tentative agreement, which must still be ratified by the roughly 43,000 UAW members covered by the proposed contract at Stellantis. The tentative labor agreement was reached Saturday after roughly six weeks of targeted strikes by the union against Stellantis, General Motors and Ford Motor. The work stoppages began Sept. 15 after the sides failed to reach deals covering 146,000 UAW members with the automakers by a strike deadline. "For the first time in a long time, we've done the unthinkable: Reopened a plant," Fain said during an online broadcast Thursday, referring to the Belvidere plant, which was idled in February 2022. Heading into the talks, UAW Vice President Rich Boyer, who led the Stellantis talks, made product commitments a priority and stressed that the Belvidere plant was a make-or-break issue.

Persons: Randy Harvard, Stellantis, Shawn Fain, we've, Fain, Rich Boyer Organizations: United Auto Workers, DETROIT –, Chrysler, UAW, Stellantis, General Motors, Ford Motor Locations: Sterling Heights, Mich, DETROIT, U.S, Belvidere , Illinois, Stellantis, Belvidere

☆ Morning Bid: Market bounce sets up Fed-dominated week ahead
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +5 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. A worrying late-year stock market unwind is starkest in small-cap indexes (.RUT) now tracking year-to-date losses of some 7% - even as the benchmark S&P500 (.SPX) remains up 7% and Big Tech leaders of the Nasdaq 100 are still 30% (.NDX) higher. Annual earnings growth for S&P500 companies is now expected to have picked up to a 4.3% annual growth rate, according to LSEG estimates, from as low as 1.6% before the reporting season began. But beyond Fed policy rates, it's the restive bond market and near 16-year-high long-term borrowing costs that are starting to hurt most. U.S. 10-year Treasury yields held steady at 4.85% - well below the 5% threshold they breached last week.

Persons: Brendan McDermid, Mike Dolan, keener, Russell, China Evergrande, Simon Property, Louis, Nick Macfie Organizations: New York Stock Exchange, REUTERS, Big Tech, Nasdaq, Tech, Federal Reserve, Detroit's Big, Apple, HSBC HSBA.L, Swiss, Swiss National Bank, Bank of Japan, China, HK, Dallas Fed, Western Digital, FMC, Arista Networks, Arch, Semiconductor, Treasury, Reuters, Louis Fed, Reuters Graphics Reuters, Thomson Locations: New York City, U.S, Gaza, London, Europe, Hong Kong, Loews, St

☆ Fed's Goolsbee does not see rise in long-term yields imperiling soft landing
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +3 min

Chicago Fed President Austan Goolsbee reacts as he heads into the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, U.S., August 24, 2023. "On the real side I feel like nothing has happened so far that is convincing evidence that we are off the golden path," Goolsbee said on Bloomberg's Odd Lots podcast, recorded on Tuesday and aired on Thursday. Their projections also showed they expect to end next year with only a slightly higher unemployment rate, of 4.1%, and a slightly lower policy rate, of 5.1%. Should the rise in long-term yields go so far as to trigger a surge in unemployment or sharp slowdown in economic activity, the Fed will adjust, Goolsbee said. "We absolutely monitor that and are thinking about that, and that could be a blow to either the financial or the real economy," Goolsbee said.

Persons: Austan Goolsbee, Ann Saphir, Goolsbee, it's, Chizu Organizations: Chicago Fed, Kansas City, REUTERS, Chicago Federal Reserve Bank, Fed, Thomson Locations: Kansas, Jackson Hole , Wyoming, U.S, Goolsbee

☆ Morning Bid: Oil spike delivers coup de grace to dire Q3
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +5 min

A nighttime view of the Torrance Refinery, an oil refinery operated by PBF Energy, in Torrance, California, U.S., March 10, 2022. The U.S. Treasury completes more than $130 billion of new debt sales this week with another 7-year note auction later on Thursday. But even though the euro bounced back from 2023 lows today, there was better news on the inflation front from Europe. As China's markets headed for the Golden Week holidays next week, stocks there were in the red too - with Hong Kong's Hang Seng (.HSI) hitting its lowest for the year so far. * U.S. Treasury auctions 7-year notes, 4-week bills* U.S. corporate earnings: Nike, Accenture, CarmaxReuters GraphicsReuters GraphicsReuters GraphicsReuters GraphicsReuters GraphicsReuters GraphicsEditing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Bing Guan, Mike Dolan, Jerome Powell, it's, Lisa Cook, Austan Goolsbee, Thomas Barkin, Emelia Sithole Organizations: Torrance Refinery, PBF Energy, REUTERS, Federal, U.S, Treasury, U.S . Treasury, Micron Technology, Nvidia, Kansas, Fed, Chicago Fed, Richmond Fed, Nike, Accenture, Carmax Reuters Graphics Reuters, Reuters, Thomson Locations: Torrance, Torrance , California, U.S, Washington, United States, Europe

☆ Trump seeks UAW endorsement while criticizing EVs, Biden in Michigan
▼ + stars: | 2023-09-27 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Former U.S. President Donald Trump speaks during an autoworker-focused campaign rally at auto supplier Drake Enterprises, on Sept. 27, 2023 in Clinton Township, Michigan. Trump, the front-runner among Republicans in the 2024 presidential race, many times encouraged the UAW to endorse him during the roughly hour-long speech. Former U.S. President Donald Trump speaks during an autoworker-focused campaign rally at auto supplier Drake Enterprises, on Sept. 27, 2023 in Clinton Township, Michigan. The sides failed to reach tentative agreements by an 11:59 p.m. Sept. 14 expiration of contracts for 146,000 UAW members with the Detroit automakers. Currently, about 18,300 UAW members with the Detroit automakers are on strike, with the union warning of additional strikes without substantial progress in the talks by Friday.

Persons: Donald Trump, Michael Wayland, CNBC CLINTON, Trump, Joe Biden, Biden's Organizations: U.S, Drake Enterprises, CNBC, CNBC CLINTON TWP, United Auto Workers, UAW, Trump, Republicans, General Motors, Ford Motor, Detroit, Detroit automakers, GOP Locations: Clinton Township , Michigan, Mich, –, Detroit, China, CNBC

☆ Trump skips debate to woo blue-collar workers in Michigan
▼ + stars: | 2023-09-27 | by ( Nathan Layne | ) www.reuters.com time to read: +4 min

Former U.S. President and Republican presidential candidate Donald Trump speaks during a 2024 presidential campaign rally in Dubuque, Iowa, U.S. September 20, 2023. Biden on Tuesday joined a picket line outside Detroit with striking United Auto Workers union members, backing their call for a 40% pay raise. UAW President Shawn Fain called Biden's visit a "historic moment," and thanked him for his support. "Trump has very strong support from working class voters in Michigan and the auto industry as a whole." ELECTRIC VEHICLESIn Wednesday's speech, Trump will emphasize the negative impact of inflation on the livelihoods of blue-collar workers, Miller said.

Persons: Donald Trump, Scott Morgan, Joe Biden, Biden, Trump, Robert Bruno, Shawn Fain, Jason Miller, Miller, Michael Schostak, Nathan Layne, Joe White, Jason Lange, Colleen Jenkins, Timothy Gardner Organizations: U.S, Republican, REUTERS, Detroit, Trump, Democratic, Michigan, University of Illinois, Republican Party, Tuesday, United Auto Workers, UAW, Drake Enterprises, General Motors, Michigan Republican Party, Thomson Locations: Dubuque , Iowa, U.S, Michigan, Pennsylvania, Wisconsin, Detroit, Lordstown , Ohio, New York, Wilton , Connecticut, Washington

☆ UAW strike: Biden, Trump seek blue-collar votes in swing state Michigan
▼ + stars: | 2023-09-26 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

President Joe Biden is expected to visit a picket line Tuesday in the Great Lake State following a public invitation Friday from UAW President Shawn Fain. UAW members Niko Shinn (front) and Darius Collier (back) walk a picket line on Sept. 25, 2023 outside a Mopar facility owned by automaker Stellantis in Centerline. Fain has appeared with the independent senator from Vermont in Washington, D.C., and during a recent UAW rally in Detroit. Trump led Biden 46% to 43% among union members in an August survey, after Biden led Trump 51 % to 42% in June, according to Bernie Porn, president of EPIC·MRA. "With union members, he has been so supportive of just about everything that union members want.

Persons: Rebecca Cook, Joe Biden, Shawn Fain, Donald Trump, Leah Millis, Trump, Darius Collier, Collier, Stellantis, They've, Biden, Fain, Mark Burton, Gretchen Whitmer, Niko Shinn, Michael Wayland, Whitmer, Debbie Dingell, Sen, Bernie Sanders, Sanders, Fain's, who's, Bernie Porn, Trump's, Jamie Roe, Scott Olson Organizations: GM, United Auto Workers, Louisville Kentucky, Reuters DETROIT, General Motors, Ford Motor, Air Force, Joint Base Andrews, Reuters Biden, Biden, Trump, White, UAW, Michigan Gov, Democrat, Stellantis, CNBC Michigan, U.S . Rep, Washington , D.C, Detroit automakers, GOP, Trump's, Drake Enterprises, Republican, Plant, Getty Locations: Louisville, Detroit , Michigan, Michigan, Great Lake State, Clinton Township , Michigan, U.S, Joint Base Andrews , Maryland, . Michigan, Vermont, Washington ,, Detroit, Macomb County , Michigan, United States, Ford's Wayne, Wayne , Michigan

Canadian autoworkers ratified a new labor agreement with Ford Motor Co. on Sunday, averting a threatened strike and potentially setting a precedent that could play out in the United Auto Workers' strike at automaker facilities in the U.S. The new agreement raises base hourly pay for production workers by almost 20% over three years, and by more than 25% for trade workers, the Canadian autoworker union Unifor said. Ford described the pact as a 15% wage increase over the three year life of the agreement. But, according to the union, that figure doesn't include compounding of each annual increase or the initial cost-of-living increase, both of which should increase workers' actual pay. It's been one week since the United Auto Workers launched historic work stoppages against major car makers.

Persons: Unifor, Ford, It's Organizations: Ford Motor, United Auto Workers, U.S, Canadian, General Motors, Stellantis

☆ Make no mistake, it's absolutely possible Trump wins the 2024 election
▼ + stars: | 2023-09-23 | by ( Walt Hickey | ) www.businessinsider.com time to read: +5 min

Make no mistake, though: There's still a pretty solid chance he pulls it off and becomes the president again. Despite the 91 felony charges across multiple indictments, yeah, Trump obviously still has a shot at winning again. An extra 11,000 votes in Arizona, an extra 20,000 votes in Wisconsin, an extra 12,000 votes in Georgia, and Trump wins the 2020 election. That's fanciful thinking, and a second Trump presidency is well within the realm of the possible. Most significantly, Trump is running the table on a field of some pretty solid and rather electable Republican alternatives.

Persons: Donald Trump, There's, Trump, We're, Biden, It's, Ron DeSantis, Mike Pence, Joe Biden, Susan Walsh, doesn't Organizations: Biden, Trump, Service, GOP, Independents, Florida Gov, AP Locations: Wall, Silicon, Arizona, Wisconsin, Georgia, Florida, New York

☆ UAW president invites Biden to join picket line as autoworker strikes expand to dozens of facilities
▼ + stars: | 2023-09-22 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Emily Elconin | Bloomberg | Getty ImagesUnited Auto Workers President Shawn Fain on Friday invited President Joe Biden to join the picket line as striking workers expanded their walkout to dozens more General Motors and Stellantis facilities. "We still have serious issues to work through, but we do want to recognize that Ford is showing that they're serious about reaching a deal," the UAW president said. Biden sided with the striking workers last Friday when the UAW launched its initial targeted strikes against three facilities in Michigan, Missouri and Ohio. Record profits at Ford, General Motors and Stellantis "have not been shared fairly, in my view, with the workers," Biden said during a brief address last Friday. Members of the United Auto Workers union hold a practice picket in front of Stellantis headquarters in Auburn Hills, Michigan, on Sept. 20, 2023.

Persons: Shawn Fain, Emily Elconin, Joe Biden, Fain, Evelyn Hockstein, Biden, Bill Pugliano Organizations: GM, United Auto Workers, UAW, Bloomberg, Getty, Motors, General Motors, White, Marine, Washington , D.C, Reuters, Ford Locations: Detroit, United States, Washington ,, Michigan , Missouri, Ohio, Michigan, Auburn Hills , Michigan

☆ FedEx saw boost from rival UPS’s labor negotiations with Teamsters
▼ + stars: | 2023-09-20 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

CNN —The threat of a strike at one competitor and the bankruptcy of another proved beneficial for FedEx this summer. Overall, adjusted earnings for FedEx’s fiscal first quarter were $4.55 a share, up from $3.44 a share this time last year. “As a result, we are well positioned as we prepare for the peak season.”The shipping company said its businesses saw a boost from UPS’s negotiations with the Teamsters Union and Yellow Corp.’s implosion during the quarter. For the company’s Ground division, which is its low-cost shipping service, the company reported that operating income grew 59%. FedEx gained customers from Yellow’s bankruptcyBut UPS’s contract negotiations were not the only external factor that helped boost FedEx this quarter.

Persons: Brie Carere, Raj Subramaniam, Carere, ”, ” Carere Organizations: CNN, FedEx, Teamsters Union and Yellow Corp, UPS, FedEx FedEx, Express, Teamsters Union, Yellow Corp, FedEx’s, UAW, Ford, General Motors, United Auto Workers Locations: Nashville

☆ US debt rises to $33 trillion as government shutdown looms
▼ + stars: | 2023-09-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —As the US national debt passes $33 trillion and a government shutdown looms, Wall Street feels defensive. What’s happening: The gross national debt has grown at an alarming pace since then — by $1 trillion in the last three months alone. Political finger pointing around what caused the accelerated debt accrual, meanwhile, has left the government at an impasse around the budget. The recent increase in interest rates has already made it much more expensive for the government to pay back what it owes. That would leave the door open for another rate increase, which could come when the following meeting concludes, on November 1.

Persons: Fitch, ”, Michael Peterson, Peter G, Peterson, Biden, Gary Schlossberg, Jennifer Timmerman, Gregory Daco, Bryan Mena, Jerome Powell, Instacart, Jordan Valinsky Organizations: CNN Business, Bell, New York CNN, AAA, AA, GOP, UAW, Wells, Investment Institute, Fed, Federal, Financial, Walmart Locations: New York, —, Amazon

Biden is trying to turbocharge the market for electric vehicles to reduce greenhouse gas emissions and prevent China from solidifying its grip on a growing industry. However, some in the UAW fear the transition will cost jobs because electric vehicles require fewer people to assemble. China is the dominant manufacturer of electric vehicles and batteries. Some environmental groups, conscious of how labor remains crucial to securing support for climate programs, have expressed support for the strike. Former President Donald Trump, the frontrunner for the Republican nomination, sees an opportunity to drive a wedge between Biden and workers.

Persons: Joe Biden, Biden, ”, Erik Gordon, Brittany Eason, Eason, ” Biden, “, Dave Green, ’, Suzanne Clark, Sam Gilchrist, It's, Donald Trump, NBC's “, ” Trump, Shawn Fain, “ That’s, ” Ammar Moussa, Trump, Barack Obama, Fain, Madeline Janis, Joey Cappelletti Organizations: WASHINGTON, United Auto Workers, UAW, University of Michigan’s Ross School of Business, Ford Assembly Plant, White, ”, U.S . Chamber of Commerce, Natural Resources Defense, Presidential, Republican, Press, MSNBC, Energy Department, Ford, South, White House, Associated Locations: Michigan, China, Wayne, Mich, Detroit, Ohio, Indiana, U.S, United States, Tennessee, Kentucky, South Korean, Lansing

☆ Striking auto workers want a 40% pay increase—the same rate their CEOs' pay grew in recent years
▼ + stars: | 2023-09-15 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

The union proposed 40% hourly pay increases over the next four years. Meanwhile, Ford CEO Jim Farley earned $21 million in total compensation last year, the Detroit News reported. Stellantis CEO Carlos Tavares made $24.8 million, according to the Detroit Free Press. And GM CEO Mary Barra earned nearly $29 million in 2022 pay, Automotive News reported. CEO pay at the Big Three has grown 40% in the last decade, according to EPI — in line with the UAW's demands for 40% pay increases for autoworkers.

Persons: Autoworker, Jim Farley, Carlos Tavares, Mary Barra, Josh Bivens, EPI, Shawn Fain, Ford, Barra Organizations: United Auto Workers, Detroit, Ford, GM, CNBC, Bureau of Labor Statistics, CBS, Detroit News, Detroit Free Press, Automotive News, NPR, autoworkers, UAW

☆ UAW strike brings blue-collar vs. billionaire battle to Detroit
▼ + stars: | 2023-09-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +9 min

In this article STLAGMF Follow your favorite stocks CREATE FREE ACCOUNTwatch nowDETROIT — The United Auto Workers strike is bringing a blue-collar versus billionaire battle to the Motor City, just as UAW President Shawn Fain wanted. Fain, a quirky yet emboldened leader, has meticulously brought the UAW back into the national spotlight after decades of near irrelevance. He wants to represent not just union members but also America's embattled middle class, which UAW helped create. United Auto Workers union President Shawn Fain joins UAW members who are on a strike, on the picket line at the Ford Michigan Assembly Plant in Wayne, Michigan, September 15, 2023. Such profits are exactly what Fain has said UAW members deserve to share in.

Persons: Shawn Fain, Fain, Rebecca Cook, Joe Biden, Biden, We've, Ford, Jim Farley, CNBC's Phil LeBeau, he's, Mary Barra, Stellantis, bargainers, Sen, Bernie Sanders, Sanders, Bob King, I've, it's, Anthony Dobbins, Dobbins, That's, Michael Wayland, Farley, Barra Organizations: DETROIT, United Auto Workers, Motor, UAW, Ford Michigan Assembly Plant, Reuters, Ford Bronco, UAW GM, Chrysler, National, General Motors, Ford Motor, Plant, Michigan Assembly Plant's, National Labor Relations Board, GM, Ford, CNBC, Democratic, UAW Local Locations: Motor City, irrelevance, Wayne , Michigan, Ford, Michigan, Vermont

☆ GM CEO Marry Barra tells CNN she’s ‘frustrated’ about the strike
▼ + stars: | 2023-09-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —General Motors CEO Mary Barra said she’s “frustrated” with the autoworker strike that began overnight, and said that her company has a “very compelling offer” for the union. “I think we have an offer that resonates with our people,” Barra told CNN’s Vanessa Yurkevich, saying that the offer includes pay raises up to 21%, job security and healthcare. “If you’re asking for more than the company made, I think that’s not a good position,” Barra pointedly said. The UAW referred to its targeted strike of three plants as a “Stand Up Strike,” which it called a strategic “new approach” to walking off the job. The strike came after the automakers scoffed at the union’s ambitious demands for increased wages, benefits and job protections for its members.

Persons: Mary Barra, she’s “, “, ” Barra, CNN’s Vanessa Yurkevich, Barra, Picketers Organizations: New, New York CNN — General, United Auto Workers, General Motors, Ford, Workers, Big Three, UAW Locations: New York, Missouri , Michigan, Ohio

LANSING, Mich. (AP) — The prospect of an auto workers strike could test Joe Biden 's treasured assertion that he's the most pro-union president in U.S. history. Political Cartoons View All 1154 Images“I think the American public as a whole realizes the impact that the American auto workers have on the economy," Killian said. But, unlike with rail and airline workers, the president doesn’t have the authority to order autoworkers to stay on the job. Nowhere will the political fallout of an auto workers strike be felt more than Michigan, which Biden won by nearly 3 percentage points in 2020. And Ray Curry, the former UAW president who was unseated by Fain, had worked with Biden in the past, even attending White House ceremonies.

Persons: Joe Biden, Marick, Doc Killian, Killian, ” Biden, Biden, ”, Shawn Fain, “, Fain, Donald Trump, Trump, TRUMP, doesn't . Fain, Dave Green, ” Green, doesn’t, Mark Brewer, Brewer, Ray Curry, Gene Sperling, Biden's, he'll, what's, Randi Weingarten, Biden’s, Weingarten, ___ Weissert, Tom Krisher Organizations: United Auto Workers, General Motors, Ford, Wayne State University, CNN, UAW, Republican, UAW “, “ Union, Democratic, GOP, Michigan Democratic Party, U.S, White, longtime Democratic, Trump, American Federation of Teachers, Associated Press Locations: LANSING, Mich, Michigan, Ohio, Indiana, Detroit, Wayne , Michigan, America, China, Washington, United States, U.S, Wisconsin, Pennsylvania, Philadelphia

☆ Elon Musk Was Always a Visionary Jerk, Bad Boss at SpaceX, Tesla. but It Won't Work at Twitter.
▼ + stars: | 2022-12-18 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

Elon Musk has a pretty tried-and-true playbook for doing business — he's used it for years to build companies from Tesla to SpaceX. Twitter is the antithesis of an "Elon Musk company." And without a big, world-changing promise to paper over his sophomoric product ideas and erratic management, Musk's Twitter takeover is doomed. No time to wasteA Musk company is usually the first, and sometimes the only, company in a specific market. Based on his most recent quarterly calls with investors — the ones where he is supposed to talk about plans to make more money — Musk does not have one.

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