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Top related persons:
Rebecca Cook - 1 Ford - 1 Stellantis - 1 Olivia Mitchell - 1 Mitchell - 1 ” - 1 Dana Muir - 1 CAAT - 1
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Search resuls for: "University of Pennsylvania Wharton School"


3 mentions found


☆ The UAW's 'record contract' hinges on pensions, battery plants
  + stars: | 2023-10-11 | by ( Joseph White | Thomson Reuters | Joe White Is A Global Automotive Correspondent For Reuters | ) www.reuters.com   time to read: +6 min
CAAT will assure that workers get defined benefits in retirement, CAAT and Unifor said. Separately, the UAW and companies have not agreed on the complex issues raised by new electric-vehicle battery plants owned by joint ventures. Under U.S. labor law, the UAW would have to organize the battery joint ventures, which are separate entities from the automakers. So far, Ford and Stellantis have not matched GM's proposal on battery plants. Three of four battery plants Ford plans will be operated as joint ventures with South Korean battery maker SK On.
Persons: Rebecca Cook, Ford, Stellantis, Olivia Mitchell, Mitchell, ”, Dana Muir, CAAT, Unifor, Shawn Fain, Joe White, Ben Klayman, Matthew Lewis Organizations: General Motors, REUTERS, Rights, United Auto Workers, Detroit Three, Ford Motor, Chrysler, UAW, Detroit's Big, GM, University of Pennsylvania Wharton School, Companies, University of Michigan, CANADA, Canada, Ford, Unifor, Canadian, CAAT, U.S, SK, Thomson Locations: Detroit , Michigan, U.S, Ontario, Arlington , Texas, Fain's, Kokomo , Indiana, United States, Korean, Detroit
☆ Fed returning to half-point rate hikes would be 'wrong' move, Wharton's Siegel says
  + stars: | 2023-03-09 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
The Federal Reserve should not raise interest rates by 50 basis points at its next policy meeting, said Jeremy Siegel, pressor emeritus of finance at the University of Pennsylvania Wharton School. Siegel also called the Fed's focus on worker pay "misguided," nothing that wages have increased less than inflation since the Covid pandemic began. The central bank has pointed to the hot job market as a major reason for implementing further interest rate hikes. Rather than focusing on the "terribly backward-looking" index, he said the Fed can look to falling commodity and freight prices as examples of disinflation. Siegel told CNBC in January that the U.S. has "really solved the inflation problem" and that it would be a mistake for the Fed to continue raising interest rates.
☆ Warby Parker, once online-only eyeglasses retailer, plans hundreds of more stores
  + stars: | 2022-10-21 | by ( Barbara Collins | ) www.cnbc.com   time to read: +5 min
Fighting back against these high price tags, Warby Parker marketed their frames, including lenses, starting at $95. Warby Parker works with more than 100 optometrists across the country and is making large investments into in-person exams. In 2019, more than 60% of Warby Parker transactions were taking place in-store. Gilboa said the optical labs allow Warby Parker to have tighter quality control, faster turnaround times and higher margins. Warby Parker first made its stock market debut in September 2021 through a direct listing as opposed to an IPO.
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