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[1/4] A United Auto Workers (UAW) union member wears a pin while picketing outside Ford's Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. ET (1400 GMT) with fallout still raining down from his surprise decision on Wednesday to strike Ford Motor's (F.N) Kentucky truck plant, the automaker's largest and most profitable operation worldwide. Last Friday, Fain said if needed, the UAW would strike the GM assembly plant in Arlington, Texas, that builds the Cadillac Escalade, Chevy Suburban and other large, high-priced SUVs. GM's Flint, Michigan, heavy-duty truck assembly plant is another potential strike target. It is in discussions with GM about the parameters of a deal to include battery plant workers under a master labor agreement.

Persons: Luke Sharrett, Shawn Fain, Fain, Ford, Kumar Galhotra, Todd Dunn, who've, Dunn, Galhotra, David Shepardson, Joe White, Jamie Freed Organizations: United Auto Workers, UAW, REUTERS, Rights, Detroit Three, Reuters, Chrysler, General Motors, Ford, GM, Ford Bronco, EV, Reuters Graphics Reuters, Thomson Locations: Ford's Kentucky, Louisville , Kentucky, U.S, F.N, Kentucky, Louisville, Arlington , Texas, Flint , Michigan, Ford's Michigan, Washington, Detroit

DETROIT (AP) — The United Auto Workers union isn't adding any factories to those that are now on strike, but its president says more walkouts could begin at any moment. But UAW President Shawn Fain told workers in a live video appearance that the companies started gaming the system, waiting until Fridays to make progress in bargaining. “We will be calling out plants when we need to, where we need to, with little notice,” Fain said on Friday morning. “We're not sticking to one pattern or one system of giving these companies an extra hour or an extra day. The UAW then made a surprise move on Wednesday, escalating the strikes by adding a huge Ford pickup truck and SUV plant in Kentucky.

Persons: Shawn Fain, ” Fain, “, Ford, Kumar Galhotra, ”, Galhotra, Fain, “ Ford, Wyatte Grantham Organizations: DETROIT, United Auto Workers, General Motors, Detroit, GM, Ford, UAW, Ford Blue, Philips Locations: Kentucky, Ford, New York

☆ A 21-year-old won $40,000 for using AI to read the first word on a 2,000-year-old papyrus scroll buried by Mount Vesuvius
▼ + stars: | 2023-10-13 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

The scrolls can't be unrolled so the Vesuvius Challenge was launched to find alternative methods. Why the Herculaneum scrolls can't be read like normalWhen Mount Vesuvius erupted in 79 CE, Pompeii wasn't the only town it obliterated. Those ancient scrolls then lay buried in mud for 1,700 years until they were finally excavated in 1752. AdvertisementAdvertisementAny attempts to unfurl the Herculaneum scrolls, which now resemble charcoal logs, would damage them beyond repair. Seth Parker and Brent Seales of the Digital Restoration Initiative project scan a replica of the Herculaneum scroll.

Persons: —, Luke Farritor, Farritor, Seth Parker, Brent Seales, University of Naples Federico, there's, University of Oxford Seales, it's Organizations: Service, University of Nebraska, University of Kentucky, University of Naples, Bodleian, University of Oxford Bodleian Library, University of Oxford Locations: Herculaneum

AdvertisementAdvertisementWalmart employees say working with anti-theft technology at self-checkouts has led to some tense confrontations with customers. The seven former and current Walmart employees Insider interviewed had direct experience with the company's anti-theft self-checkout technology. Athenia Camacho, a former Walmart employee, detailed the process in a recent TikTok video. Walmart prohibits employees from accusing customers of stealing, even if theft is suspected, the seven people who spoke with Insider said. Another Walmart employee in Missouri said she was told to approach customer confrontations with the mindset: "Don't blame the customer.

Persons: —, they're, we're, Joe Pennington, Athenia Camacho, Camacho, Jeffrey Greenberg, SAMUEL CORUM, Dominick Haar, Patti Leroy, Leroy, Dominick Organizations: Walmart, Service, Employees, Universal, Getty, SCO Locations: Arkansas, Florida, Miami , Florida, Doral, Illinois, Missouri, AFP, Southern Illinois, Kentucky

☆ We might be near the endgame for UAW strike: Former Ford CEO Mark Fields
▼ + stars: | 2023-10-13 | 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 EmailWe might be near the endgame for UAW strike: Former Ford CEO Mark FieldsMark Fields, former Ford CEO and Hertz board member, joins 'Squawk on the Street' to discuss how Fields sees strike negotiations playing out for Ford, the decision to stop work at Ford's Kentucky truck plant, and more

Persons: Mark Fields Mark Fields, Hertz, Fields Organizations: UAW, Ford Locations: Ford's Kentucky

Now there is only one rule – pony up.”The announcement marks a tactical shift, Fain said. This is the first time that the union has gone on strike against GM, Ford and Stellantis at the same time. GM, Ford and Stellatis have all announced plans to shift from traditional gasoline-powered vehicles to electric vehicles, or EVs. All are expected to pay significantly less than UAW members at those engine and transmission plants are now paid. Details of what GM has agreed upon in relation to workers battery plant workers is not yet known, as GM has not confirmed the tentative agreement on the issue.

Persons: Shawn Fain, ” Fain, Fain, “ We’re, “, they’re, ”, Colin Langan, Ford, Kumar Galhotra, didn’t Organizations: CNN, Big, UAW, Kentucky, Plant, GM, Ford, Wells, Kentucky Truck Locations: Ford’s, Louisville, Wells Fargo

BOWLING GREEN, Ky. (AP) — Republican voter Mark Cook stuck with his party in Kentucky's last election for governor. Once again, Warren County, which includes the leafy, fast-growing college town of Bowling Green, looms as a potential swing area. Those undecided voters included Carol Martin of Bowling Green, who wanted to hear more from both candidates. “I believe him," the retiree said while strolling through a downtown Bowling Green park. "And what you see is what you get.”A Republican lawmaker from Bowling Green had a different view.

Persons: Mark Cook, Andy Beshear, Cook, Donald Trump, Joe Biden, Beshear, “ He's, ” Cook, “ I’ve, I’m, Daniel Cameron, Kentuckians, Matt Bevin, Trump, Cameron, ”, Scott Lasley, “, Carol Martin, Martin, “ I’m, Bevin, Dale Chaffin, Chaffin, Still, what's, Donald Kubeny, Roe, Wade, he’s, Linda King's, ” King, Gary Jolly, Susann Davis, ” Davis, Olivia Thomas, Patti Minter, it’s, Minter, Sen, Mike Wilson, Daniel Organizations: — Republican, Republican, Democratic, Bluegrass State, ”, Beshear, Western Kentucky University, National Corvette Museum, Bowling Green, Northern Kentucky University, “, Democrat, Cameron, Supreme, Bowling, GOP, reined, Former, Bowling Green Democrat Locations: Ky, Kentucky's, Kentucky, Bowling, Appalachia, Mississippi, Warren County, It's, Louisville, Western Kentucky, Fayette County, Lexington, ”, Highland Heights, bologna, U.S, Bowling Green

HONG KONG (AP) — Asian markets slipped on Friday following a decline on Wall Street driven by mounting pressure from rising bond market yields. The Hang Seng in Hong Kong slipped 2.2% to 17,846.49 and the Shanghai Composite index fell 0.6% to 3,088.10. Japan’s Nikkei 225 index fell 0.6% to 32,315.99. On Thursday, the S&P 500 fell 0.6% to 4,349.61. The stock market has largely been taking its cues from the bond market recently.

Persons: Australia’s, Taiwan’s Taiex, Wells, Brent Organizations: National Bureau of Statistics, Japan’s Nikkei, Dow Jones, Nasdaq, Delta Air Lines, Ford Motor Co, United Auto Workers, Detroit, Treasury, Federal Reserve, Citigroup, JPMorgan Chase, UnitedHealth Group, New York Mercantile Exchange, U.S . Locations: HONG KONG, China, Hong Kong, Shanghai, South Korea, Bangkok, Louisville , Kentucky, Wells Fargo, Gaza

Until this week, Fain had announced all of the union's new strikes on Fridays, during what has become a weekly livestreamed update for union members. "We continue to believe the escalation at [Ford] this week is a sign the talks may be coming to an end. KY Truck is likely Ford's most profitable plant, and therefore the strike is the highest level of escalation, aside from a national strike," Wells Fargo analyst Colin Langan wrote in a Friday note. But the UAW's leaders may be looking one more step ahead, to the process of selling a tentative deal with Ford to their members. ), and that UAW members have secured the last few ounces of wage, benefits, and job protection concessions that they can get," Lache wrote Thursday to investors.

Persons: counterintuitively —, It's, Shawn Fain, Fain, Wells, Colin Langan, autoworkers, Wolfe, Rod Lache, Ford, Lache Organizations: DETROIT, United Auto Workers, Ford Motor's, Plant, Ford, General Motors, Chrysler, Street, UAW Locations: Kentucky

A newly remodeled Ford F250 Super Duty truck is displayed at the new Louisville Ford truck plant in Louisville, Kentucky, U.S. September 30, 2016. UAW President Shawn Fain on Wednesday ordered a strike at Ford's Kentucky Truck factory after Ford negotiators did not present a richer contract proposal. About 4,600 Ford workers could be idled because their jobs depend on production of Super Duty pickups and large Lincoln and Ford SUVs at Kentucky Truck, said Ford manufacturing vice president Bryce Currie. Already, 13,000 workers at Ford suppliers have been furloughed because of earlier UAW walkouts at two Ford assembly plants, Ford supply chain chief Liz Door said. Fain and other UAW officials called a meeting with Ford at on Wednesday evening and demanded a new offer, which Ford did not have, a Ford official said.

Persons: Bryan Woolston, Kumar Galhotra, Ford, Galhotra, Shawn Fain, Here’s, Fain, Stellantis, Bryce Currie, Liz Door, Chris McNally, Karine Jean, Pierre, Sam Fiorani, Glen Hauenstein, Wednesday's Ford, walkouts, Joe White, Abhirup Roy, David Shepardson, Priyamvada, Peter Henderson, Ben Klayman, Nick Zieminski, Matthew Lewis Organizations: Ford, Super, Louisville Ford, REUTERS, Rights DETROIT, United Auto Workers, UAW, Ford's Kentucky, Chrysler, Detroit, Kentucky, General Motors, Lincoln, White, AutoForecast Solutions, Reuters Graphics Reuters, Delta Air Lines, Delta, Detroit Three, GM, Stellantis, Thomson Locations: Louisville , Kentucky, U.S, WASHINGTON, Stellantis, Lincoln, Kentucky, Arlington , Texas, Flint , Michigan, Sterling Heights, Warren , Michigan, Detroit, Wells, Its Kentucky, San Francisco, Washington, Bengaluru

The UAW said that 8,700 union members at Ford's Kentucky truck plant went on strike after the union said the No. [1/4]United Auto Workers (UAW) members strike outside of Ford's Kentucky Truck Plant in Louisville, Kentucky, U.S. October 11, 2023. Even with Wednesday's walkout, only about 22% of the 150,000 UAW workers at the Detroit Three automakers are on strike. The walkout in Kentucky will put stress on Ford UAW members beyond the sprawling factory near Louisville. Workers at a dozen other Ford plants that supply engines, transmissions and other components to the plant could be furloughed.

Persons: Shawn Fain's, Fain, Ford, leadership's, UAW bargainers, Harley Shaiken, Shaiken, Wednesday's Ford, walkouts, David Shepardson, Joe White, Abhirup Roy, Heekyong Yang, Peter Henderson, Sayantani Ghosh, Jamie Freed Organizations: DETROIT, United Auto Workers, Detroit Three automakers, UAW, Ford, Duty, Lincoln Navigator, Ford Expedition, Kentucky, Detroit, Motors, Chrysler, Plant, Handout, Detroit Three, Ford UAW, Workers, University of California, GM, Stellantis, BlueOval SK, South Korea's SK, Thomson Locations: Ford's Kentucky, U.S, Kentucky, Arlington , Texas, Stellantis, Sterling Heights, Warren , Michigan, Detroit, Ford's, Louisville , Kentucky, Louisville, Berkeley, South, Tennessee, Washington, San Francisco, Bengaluru, Seoul

CNN —Rep. Steve Scalise announced he was dropping out of the speaker’s race Thursday after House Republicans failed to coalesce behind him in the aftermath of Kevin McCarthy’s historic ouster. And Republicans scheduled a second members-only conference meeting for Thursday evening. But the opposition to Scalise as the next speaker only grew Thursday, with roughly 20 Republicans publicly opposing him. Scalise needs a majority of the House to be elected speaker, meaning he can only afford to lose four votes. The deadlock is leading to intensifying frustration as the House GOP looks no closer to coalescing around a speaker candidate.

Persons: Steve Scalise, Kevin McCarthy’s, “, ”, there’s, Scalise, I’m, Nicole Malliotakis, Jim Jordan of, Jordan, “ I’m, Andy Ogles, Kevin McCarthy, “ He’s, ” McCarthy, didn’t, Thursday’s, ” Scalise, It’s, Hakeem Jeffries, Paul Ryan, Thomas Massie, Dan Crenshaw, ” Jordan, Jordan didn’t, Steve, Donald Trump, ” Trump, that’s, –, Mark Green, Scalise can’t, Patrick McHenry of, Steve Womack, McHenry, Tom Cole of Oklahoma, can’t, Anna Paulina Luna, Joe Biden, Luna, don’t, Mario Diaz, Erin Houchin, Indiana Organizations: CNN —, Republicans, Louisiana Republican, GOP, New York Republican, Scalise, Fox, Republican, Kentucky Republican, CNN, Ohio Republican, Fox News Radio, Israel, Wednesday, Democrats, Republicans Democrats, Florida Republican, ”, ” Republican Locations: ”, Louisiana, Jim Jordan of Ohio, Tennessee, New York, Kentucky, Dan Crenshaw of Texas, Scalise, Israel, Patrick McHenry of North Carolina, Arkansas, “, Florida

☆ Stocks making the biggest moves midday: Walgreens, Birkenstock, Ford, Spotify and more
▼ + stars: | 2023-10-12 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading. Walgreens Boots Alliance — Walgreens Boots Alliance popped 7% in midday trading after sharing that it has made progress in its cost-cutting program. The German shoe brand fell more than 12% in its stock market debut Wednesday. First Solar — The solar stock slipped 1.4%. Fastenal posted third-quarter earnings of 52 cents per share, while analysts polled by FactSet anticipated 50 cents per share.

Persons: Morgan Stanley, it's, Fastenal, FactSet, — CNBC's Brian Evans, Lisa Kailai Han, Hakyung Kim, Samantha Subin, Darla Mercado Organizations: Walgreens, Walgreens Boots Alliance, LSEG, Spotify Technology, Bank of America, Microsoft, RBC, Barclays, Ford, United Auto Workers, Ford's, Revenue, Food, Commercial Workers International Union, Hormel Locations: Ford's Kentucky

☆ Delta sees robust demand for domestic and international travel
▼ + stars: | 2023-10-12 | 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 EmailDelta sees robust demand for domestic and international travelCNBC's Phil LeBeau joins 'The Exchange' to discuss Delta's Q4 earnings report, optimism about consumer spending towards airline travel, and the surprise expansion of the UAW strike at Ford's Kentucky truck plant.

Persons: Phil LeBeau Organizations: Delta, UAW Locations: Ford's Kentucky

DETROIT (AP) — The United Auto Workers union significantly escalated its walkout against Detroit's Three automakers, shutting down Ford's largest factory and threatening Jeep maker Stellantis. “Here's to hoping talks at Stellantis today are more productive than Ford yesterday,” Fain wrote on X, formerly Twitter, without saying what might happen. Ford's truck plant makes heavy-duty F-Series pickup trucks and large Ford and Lincoln SUVs, hitting the company's most lucrative products. The company, however, called the strike expansion “grossly irresponsible” and said it has made strong wage and benefit offers to the union. The Kentucky strike brings to 33,700 the number of workers on strike against the three automakers.

Persons: Shawn Fain, “ Here's, ” Fain, Fain, Ford hasn’t, “, ”, “ We've, they're, Marick, Masters, doesn’t, Sam Fiorani, Fiorani, Patrick Anderson Organizations: DETROIT, United Auto Workers, Detroit's, Stellantis, Ford, Lincoln, General Motors, UAW, Kentucky, Wayne State University, GM, Detroit automakers, AutoForecast Solutions, Anderson Economic, Suppliers Locations: Ford’s Kentucky, Louisville, Stellantis, Dearborn , Michigan, Kentucky, Michigan , Ohio , Illinois , Kansas , Indiana, New York, Lansing , Michigan

And others, still, cited grievances with Scalise’s record or with maintaining the status quo by elevating the No. By Thursday afternoon, even lawmakers Scalise had previously flipped changed their minds, and his backing began deteriorating. And in a razor-thin GOP majority, Scalise needs the support of all but four of his conference to secure the gavel if every Democrat casts a ballot. “I love Steve Scalise,” Rep. Andy Ogles of Tennessee said heading into the conference meeting to determine the next steps. “I think we need to start voting.”Others said the disagreement should be fleshed out in private before proceeding to a floor vote.

Persons: Steve Scalise, “ We’re, Scalise, it’s, Jim Jordan of, Jordan, Kevin McCarthy, Max Miller of, Marjorie Taylor Greene, Thomas Massie of, Chip Roy, Nancy Mace, Carlos Gimenez, Lauren Boebert, Bob Good, Michael Cloud of, Barry Moore of, Lloyd Smucker, George Santos, George Santos of New York –, McCarthy, Matt Gaetz, speakership, Scalise’s speakership, ”, hasn’t, “ We’ve, Michael McCaul, “, Andy Ogles, I’m, Steve, ” Greene, Ralph Norman of, Donald Trump – Organizations: Louisiana Republican, Scalise, – Rep, Max Miller of Ohio, George Santos of New York, speakership, Rep, Republican, ” Locations: mended, Jim Jordan of Ohio, Marjorie Taylor Greene of Georgia, Texas, South Carolina, Carlos Gimenez of Florida, Colorado, Virginia, Michael Cloud of Texas, Barry Moore of Alabama, Pennsylvania, George Santos of, Florida, California, George Santos of New York, Israel, Tennessee, Ralph Norman of South Carolina

☆ UAW launches strike against Ford’s Kentucky truck plant, signaling major escalation in labor fight
▼ + stars: | 2023-10-12 | by ( Phil Lebeau | ) 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 EmailUAW launches strike against Ford’s Kentucky truck plant, signaling major escalation in labor fightCNBC's Phil LeBeau reports on the latest developments in the UAW strike.

Persons: CNBC's Phil LeBeau Organizations: UAW, Ford’s Locations: Ford’s Kentucky

Republican Attorney General Daniel Cameron tried pushing national politics to the forefront of the governor's race in GOP-trending Kentucky, while Democratic Gov. Andy Beshear played up the state's record-setting economic growth under his leadership as the rivals squared off at a forum Thursday. But the challenger spent much of his time blasting away at Biden in hopes of eroding support for Beshear. The Republican-led legislature revamped the state’s tax code last year to gradually phase out individual income taxes while extending the state sales tax to more services. But the sharpest exchanges came as Cameron tried to nationalize the race.

Persons: Daniel Cameron, Andy Beshear, Cameron, Beshear, Joe Biden, I’ve, ” Cameron, Donald Trump's, “, ” Beshear, It's, Matt Bevin, Biden, Dylan Lovan Organizations: Democratic Gov, Democratic, Biden, Beshear, Republican, GOP, Washington , D.C, Associated Locations: Kentucky, Paducah, Mayfield, Washington ,, Louisville, Ky

☆ Stocks making the biggest moves premarket: Ford, Target, Walgreens, Domino's Pizza, First Solar and more
▼ + stars: | 2023-10-12 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Target — The retailer rose 2.8% after Bank of America upgraded Target to buy from neutral. ResMed — The medtech device stock slipped 2% after a downgrade by RBC Capital Markets to sector perform from outperform. Plug Power — The battery stock added 1.2% after JPMorgan added the company to its positive catalyst watchlist, and highlighted potential near-term upside. First Solar — Stock in the solar panel maker added nearly 4% following an upgrade to overweight from Barclays, with analyst Christine Cho highlighting an attractive valuation. Domino's Pizza — Shares of the pizza delivery company slipped more than 3% on mixed third-quarter results.

Persons: ResMed, Christine Cho, Warby Parker, Janine Stichter, Jesse Pound, Michelle Fox, Pia Singh, Yun Li Organizations: Ford —, United Auto Workers, Target, Bank of America, Walgreens, Delta Air Lines, Delta, RBC Capital Markets, RBC, JPMorgan, Barclays, BTIG, BMO Capital Markets Locations: Kentucky, U.S

☆ Free daycare for teachers' kids could help fix the crisis for all parents
▼ + stars: | 2023-10-12 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

The US is in a childcare crisis due to cost and lack of available teachers. The state now gives free tuition to the children of childcare teachers. However, one potential solution appears to be working, but only if governments are willing to step in and help. AdvertisementAdvertisementNPR found one example of a center offering free tuition to employees without state assistance in West Virginia. Many childcare centers may be forced to close.

Persons: —, Kentucky Daniel Light, Sinead, ZipRecruiter, Luis Alvarez, Clive R Organizations: Service, Census Bureau, Center for American Progress, Bluegrass State, NPR, Bureau of Labor Statistics, Economic, Institute, Walmart, View, National Association for, Education of Young Locations: Kentucky, West Virginia, NPR , Kentucky

☆ Horse racing-Dettori reverses retirement decision, says will race in US
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

"I've still got the fire inside me that I want to do it a little bit more," Dettori told the BBC. "It was a long, hard decision with myself and my wife. Dettori famously won all seven races during one afternoon at Ascot in 1996, costing bookmakers millions of pounds in payouts. Having raced for 35 years, Dettori said he will also race in Dubai and Saudi Arabia while his goal is to find a horse for the Kentucky Derby. Reporting by Rohith Nair in Bengaluru; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Frankie Dettori, Andrew Boyers, I've, Dettori, It's, Rohith Nair, Peter Rutherford Organizations: Royal Ascot, Ascot Racecourse, Gates, REUTERS, British, Ascot, BBC, Kentucky Derby, Thomson Locations: Ascot, Britain, Italian, United States, USA, Dubai, Saudi Arabia, Bengaluru

A newly remodeled Ford F250 Super Duty truck is displayed at the new Louisville Ford truck plant in Louisville, Kentucky, U.S. September 30, 2016. Analysts at Wells Fargo estimated that Ford will lose about $150 million per week in core profit from the Kentucky plant strike. Even with 8,700 workers at Ford's Kentucky Truck plant now on strike, less than a quarter of the 150,000 UAW workers at the Detroit Three automakers are now on strike. Ford warned on Wednesday that workers at a dozen other factories could be sent home because of the truck plant walkout. Its Kentucky truck plant, the company's most profitable operation, generates $25 billion in annual sales, about a sixth of Ford's global automotive revenue.

Persons: Bryan Woolston, Shawn Fain, Here’s, Fain, Stellantis, Chris McNally, Ford's, Flint, Sam Fiorani, Wells, Colin Langan, Ford, Fiorani, leadership's, Wednesday's Ford, walkouts, Joe White, Abhirup Roy, David Shepardson, Priyamvada, Peter Henderson, Jamie Freed Organizations: Ford, Super, Louisville Ford, REUTERS, Rights, United Auto Workers, UAW, Ford's, Stellantis NV, General Motors, Chrysler, Lincoln, Detroit, AutoForecast Solutions, Detroit Three, Kentucky, GM, Reuters Graphics Reuters, Thomson Locations: Louisville , Kentucky, U.S, Stellantis, Kentucky, Arlington , Texas, Sterling Heights, Warren , Michigan, Detroit, Wells, Its Kentucky, San Francisco, Washington, Bengaluru

Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. DETROIT – Ford Motor is "at the limit" of what it can offer the United Auto Workers union in terms of economic concessions, an executive said Thursday as contract negotiations continue for roughly 57,000 U.S. workers. "This offer was the exact same offer they gave us two weeks ago. Electric vehicle battery plants have been a major point of contention for the union in bargaining with all three of the Detroit automakers. Officially, because they're owned by joint ventures, the battery plants aren't and won't be covered by the automakers' agreements with the union.

Persons: Kumar Galhotra, Galhotra, We're, Shawn Fain, they're, Fain, They're, Ford Organizations: United Auto Workers, Plant, DETROIT, UAW, ., Detroit automakers, Ford, General Motors, GM Locations: Michigan, Wayne , Michigan, Kentucky, America, United States

☆ Why Cramer expects mega cap stocks will 'shine' in Thursday trading
▼ + stars: | 2023-10-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. "This is one of those days that mega caps are going to shine," Jim Cramer said Thursday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Dow Jones, Jim, Ford, Jim Cramer's Organizations: CNBC, Nasdaq, Labor, Federal Reserve, Treasury, West Texas, Exxon Mobil, Natural Resources, United Auto Workers, Club, Ford, Bank of America Locations: Kentucky

☆ Cramer urges investors to stick with Ford, even as latest strike risks denting profits
▼ + stars: | 2023-10-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Around 8,700 Ford workers Wednesday evening walked off the job at the automaker's Kentucky truck plant — its largest and most profitable globally — after the UAW said Ford refused further concessions in contract bargaining. "It's time for a fair contract at Ford and the rest of the Big Three," he added. Ford was apparently caught off guard by the strike at its Kentucky plant, which generates $25 billion in annual revenue, roughly a sixth of the company's global automotive revenue. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Factory workers and UAW union members form a picket line outside the Ford Motor Co. Kentucky Truck Plant in the early morning hours on October 12, 2023 in Louisville, Kentucky.

Persons: Ford, Jim Cramer, Fain, Jim, BofA, Wells, Jim Cramer's, Luke Sharrett Organizations: United Auto Workers, Ford, Big Three Detroit, UAW, Chrysler, General Motors, Big Three, Duty, Ford Expedition, Lincoln, Bank of America, Detroit, CNBC, Factory, Ford Motor Co, Plant, Getty Locations: Kentucky, Wells Fargo, Louisville , Kentucky

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