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☆ Ford steals market share, plus bank stress tests and Pool Corp's ripple effect
▼ + stars: | 2024-06-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

After three sessions of heavy rotation out of tech and AI winners and into other areas of the market, the market has shifted back to tech and momentum leaders. So when cracks are forming in other areas of the market, investors quickly return to where the growth is the strongest: tech. Stress tests: With the annual bank stress test results due out Wednesday after the bell, Jefferies took a look at how bank stocks have fared since 2021 immediately following the release. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.

Persons: Jim Cramer, John Rainey, Cramer, Ford, Jefferies, Wells Fargo, General Mills, — Morgan Chittum, Jim Cramer's, Jim, Bill Pugliano Organizations: CNBC, Corp, Supply, Pool Corp, Walmart, Union Pacific, Micron, Nvidia, Federal Reserve, Jefferies, FedEx, United States Postal Service, Jim Cramer's Charitable, Ford, Ford Dearborn Plant, Getty Locations: London, Dearborn , Michigan

☆ Why Lee Munson 'wouldn't touch' FedEx stock
▼ + stars: | 2024-06-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Lee Munson 'wouldn't touch' FedEx stockLee Munson, Portfolio Wealth Advisors president and CIO, joins 'The Exchange' to discuss how to trade FedEx, General Mills, and Paychex.

Persons: Lee Munson, General Mills Organizations: FedEx, General

☆ FedEx shares jump after hours as massive cost-cutting measures kick in
▼ + stars: | 2024-06-25 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts' estimates in both earnings and revenue. FedEx further expects the demand environment to moderately improve through the next fiscal year, according to Carere. Investor's eyes are also on the company's largest segment Express, which has been struggling with margin growth the past year. Subramaniam said improving performance of the Express segment is a "top priority" for the company. USPS was the largest customer for the company's Express segment.

Persons: Brie Carere, Carere, Raj Subramaniam, Subramaniam, John Dietrich Organizations: FedEx, LSEG, Services, Federal Express Corporation, U.S . Postal Service, United Parcel Service, UPS, USPS Locations: United States

☆ Stock futures are little changed after S&P 500 ends 3-day decline: Live updates
▼ + stars: | 2024-06-25 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stock futures hovered near the flatline Tuesday evening after the S&P 500 rebounded from a rough start to the week. S&P 500 futures hovered pulled back 0.03, while Nasdaq 100 futures hovered near the flatline. In Tuesday's regular trading, both the S&P 500 and the Nasdaq Composite ended three days of declines, buoyed by a bounce in Nvidia shares. The artificial intelligence darling's market cap gives it tremendous sway over the S&P 500, and its 154% surge in 2024 has raised concerns over a lack of breadth in this year's rally. "We look for the market to broaden out, but it's not necessarily a binary choice between megacaps and smaller caps, but more bias going forward to looking at these other companies in the S&P 500."

Persons: Dow, Paul Hickey, CNBC's, it's, General Mills Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones, FedEx, Rivian Automotive, Volkswagen, Nvidia, Investment Group, Federal, Micron Technology Locations: Paychex

☆ FedEx shares skyrocket on earnings beat
▼ + stars: | 2024-06-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFedEx shares skyrocket on earnings beatPeter McNally, Third Bridge Global Sector Lead for Industrials, Materials, and Energy, joins 'Closing Bell Overtime' to talk FedEx earnings.

Persons: Peter McNally Organizations: FedEx, Energy

☆ Stock futures are little changed after Nasdaq Composite registers worst day since April: Live updates
▼ + stars: | 2024-06-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 24, 2024. Stock futures were flat in overnight trading after a selloff in favored technology names brought the Nasdaq Composite to its worst day since April. During the regular session, the Dow Jones Industrial Average bucked Monday's selloff, adding nearly 261 points, or 0.67%. The S&P 500 dropped 0.31%, while the Nasdaq Composite shed 1.09% for its worst day since April as investors rotated out of semiconductors. Wall Street is looking ahead to earnings from FedEx and Carnival on Tuesday as the season nears its end.

Persons: Jeff deGraaf, CNBC's Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones, SolarEdge Technologies, Pool Corp, Nvidia, Qualcomm, Broadcom, FedEx, Richmond Fed Locations: New York City, U.S

☆ Cramer's week ahead: Earnings from Micron, Walgreens and General Mills
▼ + stars: | 2024-06-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer guided investors through this week's most important Wall Street action, highlighting earnings reports from Micron , Walgreens and General Mills . Wednesday brings a slew of earnings reports, including Micron , General Mills , Levi Strauss , AeroVironment and Jefferies Financial . Cramer noted some segments that drive General Mills' business — including snacks, cereal and dough — could be vulnerable because of the rising popularity of weight loss drugs. Walgreens will report on Thursday, and Cramer said Wall Street doesn't have great expectations for the company. McCormick also reports that day, and Cramer said analysts are taking down price targets due to sluggish growth.

Persons: CNBC's Jim Cramer, Mills, Cramer, else's, it's, General Mills, Levi Strauss, AeroVironment, Jefferies, Tim Wentworth, McCormick Organizations: Micron, Walgreens, Big Tech, Carnival, FedEx, Royal, General, Jefferies Locations: Royal Caribbean

☆ These stocks are the biggest bargains in the S&P 500 heading into the second half
▼ + stars: | 2024-06-24 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

A collection of stocks with strong earnings potential and discounted valuations may be a good way for investors to find value in the market. CVX YTD mountain Chevron stock. FDX YTD mountain FedEx stock. Altria Group is the most discounted stock on the list, with the stock's trailing 12-month P/E representing a 116% haircut compared with its five-year average. MO YTD mountain Altria Group stock.

Persons: Peer, haven't, Mike Wirth, Thomas Wadewitz Organizations: Nvidia, Broadcom, Qualcomm, CNBC Pro, CNBC, Stock, ., Chevron, Exxon Mobil, FedEx, UBS, U.S . Postal Service, Altria, U.S . Food, Drug Administration, Conagra Brands, Marathon Petroleum Locations: U.S

☆ America’s housing crisis continues to worsen
▼ + stars: | 2024-06-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington CNN —Homeowners in America aren’t the only ones struggling with an unaffordable housing market. A report from Harvard University’s Joint Center for Housing Studies released last week showed that both homeowners and renters in recent years have become increasingly burdened by climbing housing costs. That’s all part of a broader struggle in the US housing market, and recent data shows that it hasn’t gotten any better. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China, reports my colleague Samantha Murphy Kelly. The Chicago Fed releases its National Activity Index for May.

Persons: ” Lael Brainard, ”, “, Brainard, Biden, ” Brainard, ChatGPT —, Siri —, Samantha Murphy Kelly, OpenAI, Siri, ChatGPT, Read, Christopher Waller, Lisa Cook, Michelle Bowman, General Mills, Levi Strauss, Tom Barkin Organizations: CNN Business, Bell, Washington CNN — Homeowners, America aren’t, Harvard University’s, for Housing Studies, Harvard, “, White, Economic Council, Urban Institute, Administration, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, FedEx, Chicago Fed, Global, Index, Board, Micron, General, US Commerce Department, Federal Reserve, Nike, McCormick, Walgreens, US Labor Department, National Association of Realtors, Richmond Fed, University of Michigan Locations: Washington, America, Congress, China

☆ Stock futures are flat as the market set to enter last week of June near a record: Live updates
▼ + stars: | 2024-06-23 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Stock futures were flat in overnight trading Sunday as the market is set to enter the last week of June and 2024's first half near record highs. Futures on the Dow Jones Industrial Average and S&P 500 futures were both little changed. The S&P 500 scored an intraday record of 5,505.53 on Thursday and posted another winning week. The equity benchmark gained 0.6% last week, notching its eighth positive week in nine. The S&P 500 has advanced almost 15% this year after notching 31 record closes.

Persons: Katie Nixon Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Nvidia, Microsoft, U.S ., Trust Wealth Management, Federal, FedEx, Micron, Walgreens Boots Alliance, Nike

☆ Consumer spending, inflation, and housing are 3 things to watch in the market next week
▼ + stars: | 2024-06-22 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Nvidia had some strong moves in the days after its 10-for-1 stock split traded in the market on June 10. Tuesday brought weaker-than-expected May retail sales , which the stock market took in stride, perhaps on the view that softness helps the view that the Federal Reserve will indeed cut interest rates later this year. Ultimately, the economic readings this past week signal that while U.S. growth remains resilient, things are slowing, which is an ideal setup for stock market bulls. The Fed's favorite inflation gauge and the tail end of earning season will be drivers of the market in the week ahead. ET: New Home Sales Before the bell: General Mills (GIS), Paychex (PAYX), UniFirst (UNF) After the bell: Micron (MU), BlackBerry (BB), Levi Strauss (LEVI) Thursday, June 27 8:30 a.m.

Persons: we're, Levi Strauss, Mills, LEVI, McCormick, Jim Cramer's, Jim Cramer, Jim, Emily Elconin Organizations: Nasdaq, Dow, Nvidia, Microsoft, Apple, Broadcom, Energy, West Texas, Utilities, Federal, Juneteenth, FedEx, Nike, Micron, UniFirst, UNF, BlackBerry, Walgreens Boots Alliance, Outdoor Brands, Jim Cramer's Charitable, CNBC, Shoppers, Getty Locations: U.S, Oaks, Novi , Michigan

☆ Wall Street is set to wrap up a strong first half with a key inflation report on deck
▼ + stars: | 2024-06-21 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

With stocks set to close out a strong first half of 2024, investors have just one more key inflation hurdle to clear in the week ahead: May's personal expenditure report. Next week's personal consumption expenditure data, the Federal Reserve's preferred inflation gauge, could show whether that overall picture is intact. May's consumer price index, for example, showed no increase from the prior month. Last month's producer price index , a measure of wholesale prices, unexpectedly dropped from the previous reading. Pending Home Sales Index (May) 11 a.m. Kansas City Fed Manufacturing Index (June) Earnings: Nike, Walgreens Boots Alliance , McCormick & Co. Friday June 28 8:30 a.m.

Persons: Stocks, Terry Sandven, Goldman Sachs, David Kostin, Scott Chronert, Brian Leonard, Leonard, Bank's Sandven, Sandven, Mills Organizations: Nvidia, Microsoft, U.S, Bank Asset Management, Federal, PCE, Bank of America Securities, Wall, Keeley, Advisors, FedEx, Dow, Nasdaq, Dallas Fed, Chicago, Richmond Fed, Carnival, New, Micron Technology, . Kansas City Fed Manufacturing, Nike, Walgreens Boots Alliance, McCormick, Chicago PMI Locations: . Kansas, Chicago, Michigan

☆ Trade Tracker: Jason Snipe sells Fedex
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Jason Snipe sells FedexJason Snipe, founder and CIO at Odyssey Capital Advisors. joins CNBC’s “Halftime Report” to discuss his latest sale.

Persons: Jason Snipe, Snipe Organizations: Fedex, Odyssey Capital Advisors

☆ What’s open and closed on Juneteenth 2024
▼ + stars: | 2024-06-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

Here’s what’s open and closed on Juneteenth 2024. TD Bank, which has remained open in previous years, will also be closed Wednesday. Schools and government agenciesFederal offices will be closed on Juneteenth. In 2023, at least 28 states recognized Juneteenth as a public holiday for which state workers received a paid day off, according to a Pew Research analysis. RetailersMost major retailers and grocery stores will be open on Juneteenth.

Persons: New York CNN —, Gordon Granger, Abraham Lincoln, —, Juneteenth, Here’s, CNN’s Harmeet Kaur Organizations: New, New York CNN, Black Americans, Union Army, Washington DC, Black American, United States Postal Service, UPS, FedEx, Nasdaq, New York Stock Exchange, Federal Reserve, Chase, Bank of America, TD Bank, Pew, Walmart, Target Locations: New York, United States, Galveston , Texas, Juneteenth

☆ How immigrants are helping to keep job growth hot while inflation cools
▼ + stars: | 2024-06-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +6 min

Kevin Lamarque | ReutersImmigration — both authorized and unauthorized — has helped the U.S. job market sustain a fiery run in recent months without reigniting inflation, economists and analysts say. This dynamic — a heating job market and cooling inflation — is in part the result of increased inflows of immigrants. Typically, a hot labor market walks a tightrope that could easily collapse into reheated inflation. But the Brookings researchers recalculated the government's estimates — this time, factoring the impact of immigrants on the labor pool. They found that with immigration, the 2024 U.S. job market could safely absorb between 160,000 and 200,000 monthly job gains.

Persons: Joe Biden, Kevin Lamarque, Reuters Immigration —, —, Dow Jones, Goldman Sachs, Michael M, Mark Zandi, Jerome Powell, Zandi, Mandel Ngan, Biden, Donald Trump, Brendan McDermid Organizations: U.S . Border Patrol, Reuters Immigration, of Labor Statistics, FedEx, Broadway, Santiago, Getty, CNBC, Brookings Institution, Brookings, U.S, International Brotherhood of Electrical Workers, Afp, White, Republican Locations: U.S, Mexico, Brownsville , Texas, New York City, United, Lanham , Maryland, United States, Las Vegas , Nevada

☆ Why Donald Trump loves his Boeing 757 private jet even though almost everyone else ditched the plane
▼ + stars: | 2024-06-13 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +7 min

AdvertisementThere's a common saying in the business-aviation industry: The private jet isn't a luxury; it's a time machine. The point of a private jet is to save its occupant time and increase their productivity. AdvertisementThe old (top) and new (bottom) paint jobs on Trump's Boeing 757 private jet. AdvertisementTrump aboard his Boeing 757 private jet. But what stands out the most about the Boeing 757 is that it's the muscle car of the airline world.

Persons: —, there's, Donald Trump's, it's, Thomas Pallini, Donald, Trump, Gene J, Paul Allen, N757AF, Taylor Swift, John Minchillo, James Devaney, Drake, Andrew Milligan, Royce RB211, Whitney Organizations: Service, Boeing, Business, Bombardier, Gulfstream, Bombardier Global, Trump, New York Times, Trump Force, AP Trump, Microsoft, Sterling Airlines, TAESA, DHL, FedEx, Qatari, Images, Pratt, Airbus, Shanghai Airlines, Delta Air Lines Locations: Danish, Delta, Saudi, Paris, New York, Renton , Washington

☆ Trump's Boeing 757 isn't the perfect private jet, but it's perfect for him
▼ + stars: | 2024-06-13 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +7 min

The point of a private jet is to save its occupant time and increase their productivity. AdvertisementThe old (top) and new (bottom) paint jobs on Trump's Boeing 757 private jet. AdvertisementTrump onboard his Boeing 757 private jet. But what stands out the most about the Boeing 757 is that it's the muscle car of the airline world. Trump's Boeing 757 before receiving a new livery in 2022.

Persons: —, Donald Trump's, it's, Thomas Pallini, Donald, there's, Trump, Gene J, Paul Allen, N757AF, Taylor Swift, John Minchillo, James Devaney, Drake, Andrew Milligan, Royce RB211, Whitney Organizations: Service, Boeing, Business, Bombardier, Gulfstream, Bombardier Global, Trump, New York Times, Trump Force, AP Trump, Microsoft, Sterling Airlines, TAESA, DHL, FedEx, Qatari, Saudi Royal Families, Images, Pratt, Airbus, Shanghai Airlines, Delta Air Lines Locations: Danish, Delta, Paris, New York, Boeing's Renton , WA

☆ Distracted pilots led to near collision on JFK runway, NTSB says
▼ + stars: | 2024-06-05 | by ( Pete Muntean | ) edition.cnn.com time to read: +2 min

The pilots of the Delta flight aborted their takeoff run following a frantic call from the air traffic controller in the tower. The two planes came within 1,400 feet of colliding, NTSB data released earlier this year found. It also follows two recent runway incursions at Ronald Reagan Washington National Airport, including one being investigated by the NTSB. Known as ASDE-X, the NTSB says the system helped stop the impending collision at JFK, but it is deployed at only 35 major airports in the United States. Such a recording would have provided key details about what happened, the NTSB said.

Persons: John F, Ronald Reagan, we’ve, Jennifer Homendy, Homendy Organizations: CNN, Kennedy International, National Transportation Safety Board, American Airlines Boeing, Delta Air Lines Boeing, NTSB, Federal Aviation Administration, JFK, Thursday’s NTSB, FedEx, Ronald Reagan Washington National Airport, FAA Locations: JFK’s, Thursday’s, Austin , Texas, Southwest, Ronald Reagan Washington, JFK, United States

☆ Here are Tuesday's biggest analyst calls: Apple, Nvidia, Netflix, Broadcom, Micron, Nike, Alphabet, First Solar & more
▼ + stars: | 2024-06-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America reiterates Alphabet as buy Bank of America said it's sticking with its buy rating on the search giant. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's bullish heading into Apple's Worldwide Developers Conference. Morgan Stanley initiates Zeekr as overweight Morgan Stanley said it's bullish on shares of the electric vehicle company. Bank of America reiterates Nike as buy Bank of America said it's standing by its buy rating on shares of Nike. Morgan Stanley reiterates First Solar as overweight Morgan Stanley raised its price target on the stock to $331 per share from $248.

Persons: Oppenheimer, it's, JPMorgan, Morgan Stanley, Apple, Canaccord, ZEEKR, Barclays downgrades Stanley Black, Decker, Piper Sandler, Tesla, Piper, Bernstein, Wells, Guggenheim, Goldman Sachs, Goldman, MAXN, Mizuho, Linde, Williams, Columbus McKinnon Organizations: JPMorgan, Netflix, Price, Bank of America, Apple's Worldwide, " Bank of America, Nvidia, NVIDIA Corp, DraftKings Inc, Kirby Corp, FedEx Corp, Marvell Technology, Barclays, Tesla, Broadcom, Express, Logitech, UW, Autonomy, Nike, Mizuho, SUN, Kinder Morgan, Nat, Micron, Columbus Locations: OW, Kinder

☆ Calls of the Day: Costco, Edwards Lifesciences, Citigroup, American Express & Fedex
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Costco, Edwards Lifesciences, Citigroup, American Express & FedexThe Investment Committee give you their take on the latest Calls of the Day.

Persons: Edwards Lifesciences Organizations: Costco, Citigroup, American Express, Fedex The Investment

☆ These S&P 500 stocks are cheap and well-liked by analysts heading into June
▼ + stars: | 2024-05-30 | by ( Pia Singh | ) www.cnbc.com time to read: +8 min

The company has a low forward price-to-earnings ratio of roughly 8.6. Ulta Beauty also made the screen as a cheap stock that analysts are bullish on. The stock has a 14.5 forward price-to-earnings ratio and a consensus buy rating from analysts polled by FactSet. Online pickup orders inside an Ulta Beauty store in the Upper East Side neighborhood in New York, US, on Monday, Nov. 27, 2023. The stock has a 14.5 forward price-to-earnings ratio and a consensus buy rating from analysts polled by FactSet.

Persons: Jefferies, Trevor Williams, We're, FactSet, Stifel, Ulta, General Motors, Bing Guan Organizations: Dow Jones, Nasdaq, CNBC, Financial, Global Payments, Jefferies, JPMorgan, Cadillac, Chevrolet, General, FedEx, Halliburton, Gilead Sciences, CVS Health, Bloomberg, Getty, CVS, Epam, Motors, HAL Halliburton, Resorts, JBL, LKQ, Vegas Sands Corp, MGM MGM Resorts International, LSEG Financial, Inc Locations: Gilead, New York

☆ After revenue miss, Salesforce CEO details the 'measured' buying environment for enterprise software companies
▼ + stars: | 2024-05-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

After Salesforce posted its first revenue miss since 2006, CEO Marc Benioff told CNBC's Jim Cramer how the market for enterprise software companies has changed since the pandemic. The reality is, you're going to have heterogeneous buying environments, it's going to happen," Benioff said. "And we're in this post-pandemic reality where the buying environment has — and we've talked about this now for a few quarters — been very measured for enterprise software companies. Benioff said that during the pandemic, companies "aggressively" bought enterprise software. "It's been a complete financial transformation," Benioff said.

Persons: Salesforce, Marc Benioff, CNBC's Jim Cramer, Benioff, we've, Wednesday's, they've, he's, It's, it's Organizations: FedEx, Air India

☆ Opinion: Here’s how I, as an attorney, would try to persuade the Trump jury in closing arguments
▼ + stars: | 2024-05-27 | by ( Opinion Joey Jackson | ) edition.cnn.com time to read: +12 min

If the jury agrees, Trump would become a convicted felon, and could face up to four years in prison. But Trump’s defense attorneys will have much to say Tuesday about the evidence presented by prosecutors in an attempt to avoid that outcome. As to ledgers and invoices keeping track of these checks, Trump is the owner of the organization, not the bookkeeper or finance person. Cohen claims Trump was with the bodyguard at the time, and that he handed Trump the phone. The evidence shows that in order for checks to be issued to Cohen, Trump would have had to give his approval.

Persons: Joey Jackson, Donald, Joey Jackson Jeremy Freeman, Trump, District Attorney Alvin L, Bragg, ledgers, Michael Cohen, Stormy Daniels, he’d, Cohen, It’s, Daniels, reimbursing Cohen, Hope Hicks, Karen McDougal, McDougal, Keith Davidson, Davidson, I’ll, Cohen wasn’t, ” Organizations: CNN, Manhattan Supreme, District Attorney, Prosecutors, Trump, Department of Justice, Trump Organization, Playboy, White, FedEx, Twitter, Facebook Locations: United States

☆ Here is what’s open and closed on Memorial Day 2024
▼ + stars: | 2024-05-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

CNN —Memorial Day is the unofficial start of summer, with many students out of school and office workers enjoying the day off. This year, Memorial Day is on Monday, May 27. Here’s what will be open and closed on Memorial Day 2024. Walmart and Target will be open on Memorial Day. Postal servicesThe United States Postal Service will not be delivering mail on Memorial Day.

Organizations: CNN, Retail, Walmart, Target, Kroger, Aldi, Costco, New York Stock Exchange, Nasdaq, Federal Reserve, United States Postal Service, UPS, FedEx

☆ The Delivery Business Shows Why Unions Are Struggling to Expand
▼ + stars: | 2024-05-27 | by ( Peter Eavis | ) www.nytimes.com time to read: +1 min

Last year, two unions representing workers at three large automakers and UPS negotiated new labor contracts that included big raises and other gains. Leaders of the unions — the United Automobile Workers and the Teamsters — hoped the wins would help them organize workers across their industry. The Teamsters have made even less progress at UPS’s big nonunion rivals in the delivery business, Amazon and FedEx. Polling shows that public support for unions is the highest it has been in decades. Many of the workers doing deliveries for Amazon and FedEx work for contractors, typically small and medium-size businesses that can be hard to organize.

Persons: Teamsters — Organizations: UPS, United Automobile Workers, Teamsters, Volkswagen, Mercedes, Benz, Amazon, FedEx, Polling Locations: Tennessee, Alabama

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