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Here are Tuesday's biggest calls on Wall Street: Cantor Fitzgerald initiates Nvidia as buy Cantor said in its initiation of Nvidia that the stock is a top pick at the firm. Bank of America adds Apple to the US1 list Bank of America added the stock to its top picks list. TD Cowen upgrades Exxon to outperform from market perform TD says shares of Exxon are "compelling." Oppenheimer initiates Flywire as outperform Oppenheimer initiated the payments company with an outperform rating and said Flywire is a growth stock. Guggenheim reiterates Tesla as sell Guggenheim says it's sticking with its sell rating on Tesla heading into earnings on Wednesday.
Persons: Cantor Fitzgerald, Cantor, it's, TD Cowen, Wells, Jefferies, Enphase, Goldman Sachs, Goldman, JMP, SIRI, Oppenheimer, Flywire, JPM, Philip Morris, Morgan Stanley, Evercore, Guggenheim, Tesla, Roth, Boston Beer, Stephens Organizations: Nvidia, Citi, Meta, Bank of America, Apple, Apple Inc, Chevron, Exxon, ENPH, JPMorgan, NRG Energy, Liberty, Liberty Media, Brands, UBS, Duke Energy, AEP, Guggenheim, Boston Beer, Boston Locations: North Carolina, underperform, OW
PETERBOROUGH, N.H. (AP) — Trying to upset President Joe Biden in New Hampshire's primary, Democratic challenger Dean Phillips is running a TV ad across the state comparing him to Bigfoot — the argument being both are hard to find. "So I challenged myself to find President Biden in New Hampshire during this primary season. He pushed through Democratic rule changes that prioritized voters of color, deemphasizing New Hampshire's primary. But New Hampshire Democratic Party Chair Ray Buckley, who once warned that the new calendar meant a major Democratic challenger could embarrass Biden, now says his write-in campaign should easily prevail. That means Biden supporters could vote in the Republican primary, where Trump and former U.N.
Persons: Joe Biden, Dean Phillips, Biden, ” Biden, , Phillips, Marianne Williamson, Donald Trump, Trump, There’s, , Angela Brennan, ” Phillips, Andrew Yang, Yang, cued, Yang wasn’t, , it’s, , Biden “, Peter Leishman, ” Leishman, Ray Buckley, ” Buckley, Williamson, trumpeting Biden, Kathy Sullivan, “ I’ve, ” Sullivan, ” Ellen Lavoie Cooke, “ I’m, Desmond Kager, I’ll, Nikki Haley, Tracy Moloney, she'd, he's, Moloney, Rodrigue Ngowi Organizations: Democratic, Dartmouth, Trump, White, New Hampshire Democratic, New Hampshire, Democratic Party, New, AFL, Granite, New Hampshire Democrats, Social, Biden, Republicans, Republican, GOP, Dartmouth College Locations: PETERBOROUGH, N.H, New, New Hampshire, Minnesota, Hampshire, Peterborough, Portsmouth, America, Dover, American, Plymouth, , Portsmouth , New Hampshire
Sibanye-Stillwater announced the layoffs Wednesday at the only platinum and palladium mines in the United States, near Nye, Montana, and other Sibanye-owned facilities in Montana, including a recycling operation. Another 187 contract workers — about 67% of the mining contract workers at the mine — will also be affected. Some contract work has been phased out over the past couple of months, said Heather McDowell, a vice president at Sibanye-Stillwater. Palladium prices have since fallen from a peak of about $3,000 an ounce in March 2022 to about $1,000 per ounce now. South Africa-based Sibanye bought the Stillwater mines in 2017 for $2.2 billion.
Persons: Heather McDowell, McDowell, Sibanye, Jason Small, Noah Dinger, Matthew Brown Organizations: Stillwater, of Labor, Forest Service, Mine, Montana AFL, Department of Labor, Industry, Associated Press Locations: Montana, Sibanye, United States, Nye , Montana, Stillwater, Nye, South Africa, Boulder, Falls , Idaho, Billings , Montana
Tagovailoa finished 21 of 30 for 243 yards with the TD to Hill and the two INTs. Hill's touchdown catch was his 10th of the season, making him the first Dolphins player since Mike Wallace in 2014 to have double-digit TD receptions. Reed intercepted Tagovailoa on the Dolphins' next possession, giving the Jets the ball at their 49 with 2 seconds left. Mostert's 13-yard touchdown run on the first play of the fourth quarter gave the Dolphins a 27-6 lead — and tempers flared after that. STATSHill finished with nine catches for 102 yards and the TD, while Jaylen Waddle caught eight passes for 114 yards.
Persons: Jevon Holland, Mary, Raheem Mostert, Tua Tagovailoa, Brandin Echols, Tagovailoa, Tim Boyle, Zach Wilson, Garrett Wilson, Hill, Jordan Whitehead, zipped, Keeta Vaccaro, Mike Wallace, Braxton Berrios, Echols, Greg Zuerlein, Reed, Mary —, Boyle —, Mosley, Micheal Clemons, Clemons, Clemons wasejected, Austin Jackson, Mostert, Jaylen Waddle, Julio Jones ’, . Boyle, Holland, LB Jaelan Phillips, Achilles, LT Terron Armstead, ___ Organizations: Miami Dolphins, New York Jets, Black, Dolphins, AFC East, Jets, MetLife, AFL, NFL, Detroit, NEXT Dolphins, Washington, Atlanta Locations: RUTHERFORD, N.J, Miami, Hill, New York, Holland
New York CNN —Nearly 900,000 Americans sitting down to Thanksgiving dinner this week will have unions – and the double-digit pay increases they won – to thank. The strike lasted more than six weeks before the union won contracts it was seeking from all three unionized US automakers. The unions won significant pay increases and job protections they were seeking. And even with some of the contracts that pass, some union members offer significant opposition, believing they could have negotiated for even more. The union won a contract approved by 86% of membership who voted on ratification.
Persons: , , Wheaton, Emily Elconin, David Paul Morris, Stellantis, Kate Andrias, Mike Blake, It’s, Greg Regan, ” Regan, Heidi Shierholz, union’s, Cornell’s Wheaton, That’s, EPI’s Organizations: New, New York CNN, CNN, Cornell University’s School of Industrial and Labor Relations, United Auto Workers, General Motors, Ford, Kaiser Permanente, Ford Motor Co, Michigan Assembly, Bloomberg, Getty, Writers Guild, SAG, Teamsters, UPS, Culinary, Los, Pilots, American, United, Southwest, The, Professional, American Airlines, FedEx, United Airlines, San Francisco International Airport, Detroit, MGM Entertainment, UAW, Big, GM, Labor, Columbia Law, Motors, Workers, AFL, Economic Policy Institute, Labor Department, Union, Toyota, Honda, Hyundai, Starbucks, Starbucks Workers United, Locations: New York, Buffalo, Kaiser, Michigan, Wayne , Michigan, DisneyWorld, Los Angeles, Vegas
Republicans for a Carbon Tax
  + stars: | 2023-11-20 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Images: Reuters/Zuma Press Composite: Mark KellyToo many Republicans these days have lost their economic bearings. Look no further than a GOP Senate bill that would enact a carbon tariff—i.e., a new tax. The Foreign Pollution Fee Act, sponsored by Louisiana’s Bill Cassidy and South Carolina’s Lindsey Graham , could well have been written by the Sierra Club and AFL-CIO. Among the carbon tariff’s biggest advocates is Donald Trump’s former trade adviser Robert Lighthizer , who favors tariffs in principle. So it’s worth deconstructing the misleading arguments that Mr. Cassidy and others are making for climate protectionism.
Persons: Mike Johnson, Mark Kelly, Louisiana’s Bill Cassidy, Carolina’s Lindsey Graham, Donald Trump’s, Robert Lighthizer, Cassidy Organizations: Zuma, GOP Senate, Sierra Club, AFL Locations: China
Steve Beshear – faces Republican Attorney General Daniel Cameron, a protege of Senate Minority Leader Mitch McConnell. In Mississippi, Republican Lynn Fitch is seeking a second term against Greta Kemp Martin, the litigation director of Disability Rights Mississippi. Democratic attorney Lindsey Cheek won the other runoff slot by taking 23% of the all-party primary vote. In Mississippi, Republican incumbent Michael Watson is seeking a second term and should easily defeat Democrat Ty Pinkins. She will face Democratic attorney, accountant, and small business owner Gwen Collins-Greenup, who finished second in the primary.
Persons: — it’s, Kentuckians, Andy Beshear, Jeff Landry, Beshear, Steve Beshear –, Daniel Cameron, Mitch McConnell, Kentucky’s, He’s, Cameron, Tate Reeves, Brandon Presley, Elvis Presley, Presley, Reeves, Democrat hasn’t, Jim Hood, Glenn Youngkin’s, Winsome Sears, Youngkin, Phil Murphy, Democratic Sen, Robert Menendez, Joe Biden, Max Baer, Carolyn Carluccio, Daniel McCaffery, Donald Trump, wouldn’t, Roe, Wade, Ohio’s, Sen, Bernie Sanders of, Janet Mills, Russell Coleman, McConnell, Pamela Stevenson, Republican Lynn Fitch, Greta Kemp Martin, Fitch, Liz Murrill, Landry, Lindsey Cheek, Michael Adams, Buddy Wheatley, Adams, Michael Watson, Ty Pinkins, Shuwaski Young, Young, Kyle Ardoin, Nancy Landry, Gwen Collins, Greenup Organizations: Democratic Gov, Democratic, Republican, Gubernatorial, Gov, Lean Democratic, Republican Gov, Public Service Commission, Democrat, Mississippi, Public, Impact Research, Lean Republican, State Legislative, Virginia, GOP, Senate, Republicans, House, George Mason University, Assembly, , New Jersey Republicans, Pleas, Superior Court, Ohio, Sierra Club, AFL, of Commerce, Avangrid Inc, Trump, Air Force, Disability Rights Mississippi, State, Iraq Locations: Mississippi, Virginia, Republican . New Jersey, Garden, Pennsylvania, Ohio, Maine, In Kentucky, Republican Mississippi, U.S, Northern Virginia, Richmond, Hampton Roads, Washington, New Jersey, , New Jersey, Montgomery County, In Ohio, Bernie Sanders of Vermont, Massachusetts, Texas, Kentucky, Louisiana, State Kentucky, In Mississippi
CNN —The arc of Rep. Mike Johnson’s career encapsulates the shifting priorities of the religious right in the era of Donald Trump. More than half of White evangelicals agreed with that statement as well – the only major religious denomination in which it found majority support. Yet both groups are much more influential inside the GOP coalition, with evangelicals representing nearly one-third of Republican voters and all White Christians about two-thirds. But in Congress, Johnson has also identified more with some of the party’s Trump-era priorities that revolve around demographic change. But each man appears equally committed to a vision of America that elevates the moral and political preferences of conservative White Christians over any other group.
Persons: Mike Johnson’s, Donald Trump, Barack Obama’s, Johnson, MAGA, Long, Trump’s, Trump, Robert P, Jones, Johnson “, , Mike Podhorzer, ” Podhorzer, Jimmy Carter, Jerry Falwell, Pat Robertson, James Dobson, ” Jones, Dobson, CNN’s KFile, KFile, he’s, Ron DeSantis, Marjorie Taylor, it’s, ” Johnson, He’s, , Biden, who’s, PRRI, there’s, Tresa Undem, Undem, White, George W, Bush, Obama, Pete Wehner, Wehner, David Barton, Barton, that’s, ” Wehner, , ” Barton Organizations: CNN, Louisiana Republican, Republican, GOP, Yorker, Trump, Survey, Religion Research Institute, White, AFL, CIO, Republicans, Representatives, Alliance Defense Fund, Defending, Gov, Georgia Rep, Whites, Trinity Forum, , NBC News, Trump - Locations: Louisiana, America, White, , Florida, Mexico
Technologists and advocates are again set to visit Capitol Hill on Tuesday to discuss with Senate leaders the perils and promises of artificial intelligence. Venture capitalists Marc Andreessen, co-founder and general partner of Andreessen Horowitz, and John Doerr, chair of Kleiner Perkins, will be among the 21 attendees at the second AI Insights Forum hosted by Senate Majority Leader Chuck Schumer, D-N.Y., according to a spokesperson for his office. The session is a continuation of the Majority Leader's effort to get the chamber up to speed on AI to determine how best to approach AI regulation. For example, Future of Life Institute President Max Tegmark is also set to attend. Other tech leaders such as Micron Executive Vice President Manish Bhatia, Revolution CEO Steve Case, Stripe CEO Patrick Collison and Cohere CEO Aidan Gomez will be in attendance.
Persons: Marc Andreessen, Andreessen Horowitz, John Doerr, Kleiner Perkins, Chuck Schumer, Andreessen, Max Tegmark, Elon Musk, Manish Bhatia, Steve Case, Patrick Collison, Aidan Gomez, Derrick Johnson, Amanda Ballantyne, Satya Nadella, Bill Gates, Mark Zuckerberg, Sundar Pichai, Sam Altman Organizations: Capitol, Senate, China, Life, Life Institute, Tesla, Space X, Micron, NAACP, AFL, Technology, Microsoft, Google, CNBC, YouTube Locations: coders, India
Since the 1970 NFL-AFL merger, those two teams were the only ones ever to go undefeated during the regular season. Jets stun Eagles for Philly’s first defeatThe New York Jets had been down on their luck and the Philadelphia Eagles were undefeated and slowly improving after a slow start. Jets head coach Robert Saleh was blunt in his assessment after the game about the impact his defense was having on opposition teams. Frank Jansky/Icon Sportswire/Getty ImagesBills survive scareIt wasn’t convincing, but the Buffalo Bills maintained their strong start to the season with a narrow 14-9 victory over the New York Giants on Sunday night. “It’s an ugly win, but it counts the same as a pretty win,” Bills star Allen told NBC’s Melissa Stark after the game.
Persons: Tom Brady, Tony Adams, Jalen, Sauce Gardner, DJ Reed –, Robert Saleh, we’ve, ” Saleh, Randall Cobb, Sarah Stier, Zach Wilson, Aaron Rodgers, Wilson, Rodgers, Philly, Vince Lombardi, Craig James, Olamide Zaccheaus, Adam Hunger, Jake Moody, San Francisco, Brock Purdy, Kyle Shanahan, Moody, Ken Blaze, Reuters Myles Garrett, Jeremiah Owusu, Koramoah, Deshaun Watson, Nick Chubb, PJ Walker, , Kareem Hunt, – Deebo Samuel, Christian McCaffrey, Trent Williams –, Shanahan, ” Shanahan, , Kyle Juszczyk, ” Juszczyk, ” Moody, Frank Jansky, Darren Waller, Taron Johnson, Josh Allen, Quintin Morris, Deonte Hardy, Tyrod Taylor, Daniel Jones, Timothy T Ludwig, Jones, , Allen, NBC’s Melissa Stark Organizations: CNN, Miami Dolphins, New England Patriots, AFL, Dolphins, VII, Patriots, Jets, Eagles, Philly’s, New York Jets, Philadelphia Eagles, Green, Philadelphia, MetLife, , AP, Browns, 49ers, San Francisco 49ers, Cleveland Browns, Reuters, Cleveland, Getty, Bills, Buffalo Bills, New York Giants, Giants, Buffalo, ” Bills, Baltimore Ravens, Tennessee Titans Washington, Atlanta Falcons Minnesota Vikings, Chicago Bears Seattle Seahawks, Cincinnati Bengals San Francisco 49ers, Cleveland Browns New Orleans Saints, Houston Texans Indianapolis Colts, Jacksonville Jaguars Carolina Panthers, Miami Dolphins New England Patriots, Las Vegas Raiders Detroit Lions, Tampa Bay Buccaneers Arizona Cardinals, Los Angeles Rams Philadelphia Eagles, New York Jets New York Giants Locations: New York, San, Francisco
They must offer income — that is, a dividend yield in excess of 2%. Take a look at the stocks that can help bolster investors' portfolios: Beverage giant Molson Coors made the list of stocks ideal during unstable times. TAP YTD line Molson Coors year-to-date performance Networking and cloud solutions giant Cisco Systems also made the list. In September, Bunge also came up in a CNBC Pro screen for defensive stocks to help investors ride out a market sell-off. Stock Chart Icon Stock chart icon Molson Coors year-to-date performanceNetworking and cloud solutions giant Cisco Systems also made the list.
Persons: Molson Coors, Roth, Bill Kirk, Molson, Kirk, Goldman Sachs, Bunge, FactSet, , Darla Mercado, Michael Bloom, Tiffany Hagler Organizations: CNBC, Beverage, Molson, Molson Coors, TAP, Cisco Systems, Cisco, Packaging Corporation of America, CME Group, Geard, Bloomberg, Getty, Equity, AFL Aflac, Bunge, Corp, America, Molson Coors Beverage Co, FactSet Beverage, Cisco Systems Inc Locations: Israel
Previously, Democratic governors who had backed school choice measures had done so in compromise deals with Republican-controlled legislatures. Vouchers have long been viewed in stark partisan terms: Democrats and public school allies say they drain critical resources from public schools. Republicans and school choice advocates say they give freedom to families who may not like their local public schools. That had motivated public school advocates and Democrats to demand billions more for the poorest public schools, a quest that Shapiro has said he supports. Those fluent in the history of school vouchers could think of no other Democratic governor who had embraced them.
Persons: Josh Shapiro —, Shapiro, , Robert Enlow, ’ ”, Matthew Brouillette, Christopher Borick, Jeffrey Yass, Jeff Yass, Charlie Gerow, ” Shapiro, Joshua Cowen, Peter Schweyer, , recriminations, “ cowering, Shapiro shrugged, we've, Marc Levy Organizations: , Republican, Pennsylvania, Democratic, Republicans, Roman Catholic, Muhlenberg College Institute of Public, GOP, Fox News, Michigan State University, Republican Party, Senate Republicans, Lehigh . Teachers, AFSCME, SEIU, AFL, House Democratic, Wall Street Locations: HARRISBURG, Pa, Indianapolis, Pennsylvania, statehouses, Yass, Milwaukee, Wisconsin, , Philadelphia
It's indicative of a shift in how Americans view the labor movement in the post-COVID-crisis era. In a Reuters-Ipsos poll of Americans, some 58% of respondents said they supported the United Auto Workers union's strike at the Big Three Detroit car manufacturers. AdvertisementAdvertisementAside from this strike, support for labor unions has been increasing on the right. The UAW's strike represents a culmination of issues that have come to a head in the post-COVID-crisis labor movement, labor experts told Insider. Now even some Republican elected officials are showing up to support UAW workers' demands — even if they don't necessarily agree with its leadership.
Persons: Biden, , Joe Biden, Alice Stewart, John Drake —, Chamber of Commerce —, Shawn Fain, Fain, Sen, Bernie Sanders, Sanders, Kate Andrias, JD Vance, Ford, Christian Sweeney, he'd, Sweeney, Drake, Carolyn Nippa, Nippa, we're, Jason Miller, Andrias Organizations: Service, Reuters, United Auto Workers, Big, Big Three Detroit, Ford, General Motors, Gallup, Metro Detroit, CNN, Chamber of Commerce, Columbia University, Republican, GM, AFL, Bureau of Labor Statistics, UAW, Michigan State University Locations: Big Three, Metro, Detroit, Ohio, China
A separate benefits program, Supplemental Nutrition Assistance Program (SNAP), will continue as normal for the month of October but could be affected afterward, officials say. U.S. officals say Small Business Administration loans may be delayed and up to 10,000 children could lose access to Head Start, the federal program for preschool children from low-income families. The AFL-CIO estimates that more than 3 million children will lose access to quality childcare and thousands of providers will be forced to close, lay off childcare workers or reduce slots for children. STUDENT LOAN DEBT REPAYMENTSA three-year moratorium on student loan repayments ends on Oct. 1 after the U.S. Supreme Court in June blocked the Biden administration's plan to cancel $430 billion in student loan debt for 43 million borrowers. Student loan repayment resumption "will be more challenging for the lowest-income groups," Bank of America said in a recent research report, because they saved less during the moratorium than higher-income groups.
Persons: Sarah Silbiger, Joe Biden, Biden, Patty Murray, Rosa DeLauro, Liz Pagel, Andrea Shalal, Heather Timmons, Timothy Gardner Organizations: U.S, Russell Senate, REUTERS, Rights, Republican, American Federation of Government Employees, SNAP, Women, Assistance, Democratic, AFL, Century Foundation, Supreme, Student, Protection, Bank of America, Thomson Locations: Russell, Washington , U.S, TransUnion
Trump has slammed the president for the visit, claiming Biden “had no intention” of walking the picket line until Trump said he would make a speech in Michigan. In the absence of an announced plan from the White House, speculation spread through the UAW ranks that Biden would go to whatever picket line was closest to the airport. Amid mounting political pressure to ramp up his public support, Biden is expressing solidarity with the union members, who are striking against the Big Three automakers – General Motors, Ford and Stellantis – for a second week. Union members, once a reliable Democratic voting bloc, have gradually gravitated to Republican candidates, according to CNN polls and the AFL-CIO, the nation’s largest labor federation. The historic presidential picket line appearance will reaffirm his commitment to the critical voting and organizing group ahead of the 2024 election.
Persons: Joe Biden, Donald Trump, Biden, He’s, , Trump, Biden “, , ” Biden, I’ve, Karine Jean, Pierre, ” Jean, Shawn Fain, , “ We’re Organizations: CNN, United Auto Workers, Trump, Republican, UAW, White, Big Three, , Motors, Ford, National Labor Relations Board, Union, AFL Locations: Wayne County , Michigan, Washington, Michigan, Detroit
U.S. President Joe Biden joins striking members of the United Auto Workers (UAW) on the picket line outside the GM's Willow Run Distribution Center, in Bellville, Wayne County, Michigan, September 26, 2023. Democrat Biden traveled to a Belleville, Michigan, parts distribution center owned by General Motors (GM.N), and joined dozens of picketers outside. Auto company sources said Biden's support for a 40% pay hike may make it harder to reach a compromise with the UAW. Calling Biden's visit a "historic moment in time," Fain accused CEOs of taking the profits and leaving workers to "fight for scraps." Biden's Michigan visit represents the most support a sitting president has shown striking workers since Theodore Roosevelt invited striking coal workers to the White House in 1902, historians said.
Persons: Joe Biden, Evelyn Hockstein, Donald Trump, Democrat Biden, Biden, you've, Trump, Tesla, Elon Musk, autoworkers, Shawn Fain, Fain, Biden's, Dave Urban, Ronald Reagan, Jason Miller, Theodore Roosevelt, Jeff Mason, Nandita Bose, Jarrett Renshaw, Nathan Layne, David Shepardson, Heather Timmons, Nick Zieminski, Matthew Lewis Organizations: United Auto Workers, UAW, REUTERS, Rights, Tuesday, Republican, Democrat, General Motors, Companies, U.S, Auto, Biden, Twitter, Secret Service, Drake Enterprises, AFL, EV, Trump, GM, Ford, Chrysler, Detroit, Washington, Democratic, Michigan, White House, Thomson Locations: Bellville, Wayne County , Michigan, Rights BELLEVILLE , Michigan, Michigan, Belleville , Michigan, Detroit, U.S, Pennsylvania, Wisconsin, Biden's Michigan, Washington, Philadelphia, Wilton , Connecticut
But union leaders say Trump's record in the White House speaks for itself. While the United Auto Workers union has withheld an endorsement in the 2024 presidential race, its leadership has repeatedly rebuffed Trump. Despite Trump's history of success in courting blue-collar workers in previous elections, union leaders say their members would do well to believe their own eyes. As president, Trump largely sat on the sidelines during a 40-day walkout at a General Motors plant in 2019. “President Trump has always been on the side of American workers,” his campaign spokesman Steven Cheung said in a statement.
Persons: Donald Trump, he’ll, Trump, , Dave Green, Mark McManus, Ron Bieber, you’re, Peter Berg, , Steven Cheung, Cheung, Joe Biden, ” Trump, Trump's, Green, ” Green, “ Banks, Biden, Price, Linley Sanders Organizations: Detroit, United Auto Workers, Union, U.S, Supreme, Trump, UAW, Ohio, National Labor Relations Board, Republican, Trump -, ” Michigan AFL, Associated Press, Michigan State University, General Motors, Republicans, Democratic Party, AP, Democrats Locations: LANSING, Mich, Trump, Michigan, Detroit, Toledo , Ohio, Indiana, , California, U.S, Ohio, Lordstown , Ohio, Pennsylvania, Wisconsin, New York, Washington
The nearly week-old United Auto Workers strike against Ford (F.N), General Motors (GM.N) and Stellantis (STLAM.MI) is viewed as a signal of the strength of the U.S. labor movement that has garnered national support from Americans. The UAW members from two striking plants gathered in Toledo were rolling out for the one-hour, 45-mile (72 km) drive to Wayne, Michigan, where Ford workers also walked off the job last week. In Michigan, Ohio and Missouri, the three states where workers are currently striking, models made by the Big Three dominate the leaderboard of new auto registrations. The United States is still the second-largest car market in the world, trailing only China. Union membership has fallen steadily over several decades in the United States.
Persons: Esperanza Ledesma, I'm, Ledesma, Roxanne Stadtfeld, Stadtfeld, Randi Weingarten, Liz Shuler, Weingarten, Brandon Cappelletty, Cappelletty, Ben Klayman, Joe White, David Gaffen, Jamie Freed Organizations: Fords, United Auto Workers, Ford, General Motors, UAW, GM, Big, P Global, Union, American Federation of Teachers, AFL, Thomson Locations: TOLEDO , Ohio, Toledo, Stellantis's, Ohio, Michigan, Wayne , Michigan, Monroe , Michigan, Lake Erie, Michigan , Ohio, Missouri, United States, China, U.S, Toledo , Ohio, Detroit
CNN —A venomous snake delayed the start of an AFLW game in Blacktown, Australia by half an hour as players waited for a snake catcher to remove it from the field. The red-bellied black snake, which the Australian Museum says will only bite under extreme circumstances, was spotted on the field before Greater Western Sydney Giants played Richmond Tigers in the AFWL, the women’s Australian football league. “It’s pretty interesting,” said the Giants’ head of women’s football Briana Harvey during the delay, according to the AFL. “There’s a little red-bellied black snake on the ground at the moment, just in one of the far pockets. After the delay, the Giants sunk to their third consecutive loss of the season as Richmond completed a 19-point victory.
Persons: , , Briana Harvey Organizations: CNN, Australian Museum, Western Sydney Giants, Richmond Tigers, Australian, Giants, AFL, Richmond Locations: Blacktown, Australia
Aides said that President Biden urged both sides of the dispute to stay at the negotiating table. Just before the strike vote, Mr. Biden called Shawn Fain, the president of the U.A.W. How Mr. Biden navigates the situation could have a significant impact on his hopes for re-election. Mr. Biden won the state over former President Donald J. Trump with just over 50 percent of the vote. “They talk about labor, but they don’t say ‘union.’ It’s ‘union.’ I’m one of the — I’m proud to say ‘union.’ I’m proud to be the most pro-union president.”
Persons: Biden, Biden’s, , ” Mr, “ You’ve, , Eddie Vale, You’ve, Vale, Shawn Fain, Donald J, ’ ”, ’ It’s, Organizations: United Auto Workers, Republican, White, Democratic, AFL, CNN, Trump, Labor Locations: Michigan, America, United States, Philadelphia
But not all of the 146,000 UAW members at company plants are walking picket lines, at least not yet. Top-scale assembly plant workers make about $32 per hour, plus large annual profit-sharing checks. The Ford plant that's on strike employs about 3,300 workers, and it makes Bronco SUVs and Ranger midsize pickup trucks. Under the UAW strategy, workers who go on strike would live on $500 per week in strike pay from the union, while others would stay on the job at full pay. It’s unlikely the companies would lock the remaining workers out of their factories because they want to keep building vehicles.
Persons: Joe Biden’s, , Liz Shuler, Shawn Fain, Britney Johnson, It’s, Candace Bowles, , Bowles, I’m, Fain, ” Fain, “ We’re, Ford, didn’t, Marick, ” Masters, “ They’re, Mary Barra, you’ve, Farley, Jeff Schuster, Stellantis, Schuster, ____ Williams Organizations: DETROIT, United Auto Workers, General Motors, Ford, “ Workers, AFL, UAW, GM, Fiat Chrysler, Toledo Jeep, Bronco, Chevrolet Colorado, GMC, Chevrolet Express, Wayne State University, U.S, CNBC, Global Locations: Wentzville , Missouri, Wayne , Michigan, Detroit, Toledo , Ohio, Toledo
A millionaire real estate CEO is being dragged online for saying he wants unemployment to increase. "We need to remind people that they work for the employer, not the other way around," Tim Gurner said. In 2017, Gurner infamously said buying avocado toast was preventing people from becoming homeowners. We need to remind people that they work for the employer, not the other way around." In 2017, he suggested buying avocado toast was the impediment to millennials becoming homeowners, seemingly ignoring problems like massive student debt burdens or stagnant wages.
Persons: Tim Gurner, Gurner, There's, We've, Alexandria Ocasio, Cortez Organizations: Service, Gurner, Australian, AFL, CIO, Forbes, Australian Financial Locations: Wall, Silicon, COVID, Forbes Australia
"We are preparing to strike these companies in a way they have never seen before." Fain said the Detroit Three automakers had offered 146,000 U.S. autoworkers pay raises of as much as 20% over four and a half years but called the hikes inadequate. Coordinated strikes would mark the first-ever simultaneous labor stoppage at all three Detroit automakers and one of the largest U.S. industrial labor actions in recent years. The UAW is considering initially targeting only some specific plants for work stoppages at the Detroit automakers, two sources briefed on the matter said, adding the strike plan could still change. Targeting strategic plants could quickly force automakers to halt U.S. production and could extend the time before the UAW's $825 million strike fund is exhausted.
Persons: we're, Shaw Fain, Fain, Stellantis, Joe Biden, Jared Bernstein, Biden, Bernstein, Liz Shuler, Reuters autoworkers, Shuler, Bernie Sanders, David Shepardson, Nick Zieminski, Deepa Babington, Chris Reese Organizations: United Auto Workers, Detroit Three, UAW, Detroit, Ford, General Motors, Chrysler, Anderson Economic Group, AFL, Reuters, GM, Detroit automakers, Thomson Locations: Michigan, United States, DETROIT
WASHINGTON, Sept 13 (Reuters) - Tesla (TSLA.O) CEO Elon Musk called on Wednesday for a U.S. "referee" for artificial intelligence after he, Meta Platforms (META.O) CEO Mark Zuckerberg, Alphabet (GOOGL.O) CEO Sundar Pichai and other tech CEOs met with lawmakers at Capitol Hill to discuss AI regulation. Musk said there was need for a regulator to ensure the safe use of AI. "It's important for us to have a referee," Musk told reporters, comparing it to sports. Musk confirmed he had called AI "a double-edged sword" during the forum. Other attendees included Nvidia (NVDA.O) CEO Jensen Huang, Microsoft (MSFT.O) CEO Satya Nadella, IBM (IBM.N) CEO Arvind Krishna, former Microsoft CEO Bill Gates and AFL-CIO labor federation President Liz Shuler.
Persons: Elon Musk, Mark Zuckerberg, Sundar Pichai, Musk, Zuckerberg, Chuck Schumer, Todd Young, Leah Millis, Mike Rounds, Rounds, Jensen Huang, Satya Nadella, Arvind Krishna, Bill Gates, Liz Shuler, Schumer, Joe Biden's, David Shepardson, Moira Warburton, Mike Stone, Jonathan Oatis, Rosalba O'Brien, David Gregorio Our Organizations: Capitol, Lawmakers, Democratic, Republican, Intelligence, Senate, U.S, REUTERS, Nvidia, Microsoft, IBM, AFL, Regulators, Adobe, Google, Thomson Locations: Washington , U.S
Sept 13 (Reuters) - United Auto Workers (UAW) President Shawn Fain said on Wednesday the union is still seeking significant pay hikes as talks continue with the Detroit Three automakers, a day before four-year labor deals are set to expire. Reuters reported late on Tuesday that the union may opt to strike at targeted auto plants if they fail to reach new contracts covering 146,000 U.S. auto workers. The UAW initially sought a 20% wage hike upon ratification and four annual 5% hikes, but had offered trim those hikes to around 36% in total, three sources told Reuters. Fain said the union was still seeking 40% hikes in total. Coordinated strikes would mark the first-ever simultaneous labor stoppage at all three Detroit automakers and one of the largest U.S. industrial labor actions in recent years.
Persons: Shawn Fain, Fain, We've, Stellantis, We’re, Joe Biden, Jared Bernstein, Biden, Bernstein, Liz Shuler, Shuler, Bernie Sanders, David Shepardson, Christina Fincher, Nick Zieminski Organizations: United Auto Workers, UAW, Detroit Three, ABC News, General Motors, Ford Motor, Chrysler, Reuters, GM, Detroit, Anderson Economic Group, AFL, CNBC, Ford, Thomson Locations: Michigan, United States, DETROIT
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