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Top related persons:
Darren Hawkins - 1 they’ll - 1 . Steel - 1 “ - 1 Carole Tome - 1 Lauren Silva Laughlin - 1 Sharon Lam - 1
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Cleveland U.S
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U.S - 1 Workers - 1 Economic - 1 United Parcel Service - 1 United Steel Workers - 1 U.S . Steel - 1 UPS - 1 Teamsters - 1

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3 mentions found


☆ Union fights grow US workers’ slice of profit pie
  + stars: | 2023-08-18 | by ( Ben Winck | ) www.reuters.com   time to read: +4 min
Strong demand for workers has given organized workers a stronger hand at the bargaining table. The United Steel Workers union has asserted itself aggressively in a bidding battle for U.S. Steel (X.N). Corporate profit is 30% above its pre-crisis high, at $2.7 trillion, according to the U.S. Bureau of Economic Analysis. With organized workers showing clout, they’ll be able to pull some more profit their way. Trucking company Yellow filed for Chapter 11 bankruptcy protection on Aug. 7 after halting operations the week prior.
Persons: Darren Hawkins, they’ll, . Steel, “, Carole Tome, Lauren Silva Laughlin, Sharon Lam Organizations: Reuters, U.S, Workers, Economic, United Parcel Service, United Steel Workers, U.S . Steel, UPS, Teamsters, U.S . Bureau, Reuters Graphics Reuters, ., Trucking, International Brotherhood of Teamsters, Thomson Locations: Cleveland, U.S
☆ UPS flashes a warning sign about the US economy
  + stars: | 2023-04-25 | by ( Chris Isidore | ) edition.cnn.com   time to read: +3 min
America’s largest trucking company said Tuesday that revenue fell 6% in the first quarter compared to a year earlier, as its operating profit fell 22%. Its earnings fell just short of Wall Street forecasts for the period. Shares of UPS (UPS) fell more than 6% in early trading on the news. UPS had already forecast last year that its 2023 profit margin would be tighter after it reported a record profit in 2022. Besides facing a slowing economy, UPS also is engaged in contract negotiations with the Teamsters union, which represents more than 340,000 of its 444,000 US employees.
☆ FedEx's fiasco sends another sell signal. But some stocks won't be hit as hard
  + stars: | 2022-09-15 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
Let's just say I wanted to be more positive — but there was, alas, nothing to be positive about really. The market, I think, on Friday will be down hard off this one company's negativity because it touches every tentacle. I am sure people will sell Club holding Amazon (AMZN), for example, even as Amazon doesn't even do business with FedEx. The one thing I will stick behind though is what I said at Thursday's "Monthly Meeting" for Club members. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
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