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The Latest Breaking News from UPS

Waves of strikes rippling across the US seem big, but the total number of Americans walking off the job remains historically low

More than 323,000 workers – including nurses, actors, screenwriters, hotel cleaners and restaurant servers – walked off their jobs during the first eight months of 2023. Hundreds of thousands of the employees of delivery giant UPS would have gone on strike, too, had they not reached a last-minute agreement. And…

The Conversation

Jobs data in focus as pay deals, hiring complicate Fed inflation task

Jobs data will be back in focus Thursday as markets continue to key on the labor market for clues as to the pace of inflation heading into the autumn and the Fed's likely reaction to a wage-fueled spike in consumer price pressures.

The Street

UPS workers approve 5-year contract, capping contentious negotiations that threatened deliveries

The Teamsters said that 86% of the votes casts were in favor of ratifying the national contract.

Chicago Sun-Times

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Hollywood studios tout proposed 5% pay bump for writers as the biggest in 35 years, the day after UPS Teamsters ratified a 35% raise and pilots got 21%

The latest counteroffer from Hollywood studios features pay raises that pale in comparison to those secured by other unions just this week.

Fortune

Stocks higher, Nvidia earnings, Peloton, UPS labor deal, Subway sale

Stocks move higher, Nvidia earnings on deck, Peloton reports for Q2, UPS agrees key labor deal, Subway nears sale to Jimmy John's owner.

The Street

UPS shares nudge higher after reaching crucial labor pact with Teamsters

UPS and the Teamsters have agreed a five-year labor deal that will pay some veteran drivers as much as $175,000 a year.

The Street

UPS workers approve 5-year contract, capping contentious negotiations

The Teamsters said that 86% of the votes casts were in favor of ratifying the national contract. They also said it was passed by the highest vote for a contract in the history of the Teamsters at UPS.

WEKU

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Unionized UPS workers approve contract leaders agreed to in late July

The union representing 340,000 UPS workers says its members voted to approve the tentative contract agreement reached last month

The Independent UK

Former Ford CEO warns UAW members its leader is 'playing a dangerous game'

If the union goes on strike, analysts expect the economic losses to exceed $5 billion over the course of just 10 days.

The Street

‘We are burned out’: UAW ready to take on automakers in contract negotiations

Amid record profits, workers want to roll back concessions made to auto industry after the 2008 economic recession

The Guardian - US

Jobs data in focus as Fed notes wage growth in hawkish rate outlook

A resilient job market, where wages are rising firmly past the level of headline inflation, remains a key concern for policymakers and rate traders as the economy continues to rip.

The Street

Watch a thoughtful customer turn these UPS drivers from fed-up to grateful

A little bit of kindness goes a long way.

The Street

How businesses can help after the Maui wildfires

'We don’t want to create a disaster within a disaster by sending goods that are unsolicited.'

Fortune

Labor Unions Not Backing Down as Strikes Loom: Kiplinger Economic Forecasts

Labor unions like the Teamsters and United Auto Workers are using leverage and strike threats in negotiations with employers for better pay and benefits.

Kiplinger

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WEKU

UPS union negotiated a historic contract. Now workers have the final say

The Teamsters union reached a tentative deal with UPS, narrowly averting a nationwide strike. Rank-and-file union members are voting on whether to approve the contract.

Fortune

UPS drivers' new $170k per year deal shows that unions (and Joe Biden) may just save the middle class after all

Bidenomics and a strong labor movement are in full effect as full-time UPS drivers win a high six figures.

Investors Business Daily

Stock Market Trims Some Losses; This Stock Logs Its Best Day In 23 Years

Financials were the day's weakest sector after Moody's cut some regional banks.

Barchart

Stock Index Futures Plunge as China Trade Data Disappoints, Moody's Downgrades U.S. Banks

September S&P 500 futures (ESU23) are down -0.45%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.49% this morning as fresh worries about China’s economic rebound and the state of U.S. banks weighed on sentiment.

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Investors Business Daily

UPS Stock Skids As Labor Deal Details Trim Shipping Giant's Outlook

UPS reported mixed second-quarter financials and that the recent labor deal could reduce 2023 revenue.

Barchart

Option Volatility and Earnings Report for August 7 - 11

Last week was busy on the earnings front, so this week is a little quieter in comparison. However, we still have DIS, PLTR, UPS and TTD reporting.

Investors Business Daily

Shipping Bellwether Rockets As Profit Slows; UPS Q2 On Deck

Logistics leader XPO profit falls less than expected, but fuel surcharges dwindle. Is that a signal for Tuesday's UPS stock earnings?

The Independent UK

Sweet moment UPS driver surprises his children after long week of deliveries

‘You can tell he’s a great dad,’ viewer says

Barchart

Bullish Outlook? Consider These 3 Bull Put Spread Ideas for this Wednesday

Despite the pullback yesterday, it remains a bullish market and today I’ve got three bull put spread ideas to consider.

Kiplinger

UPS and UAW Labor Disputes Rage Over Wage Fights: Kiplinger Economic Forecasts

United Auto Workers are at a standstill in negotiations with the Big Three automakers, and UPS has narrowly avoided a Teamsters strike, for now.

The Independent UK

Consumer demand for speed and convenience drives labor unrest among workers in Hollywood and at UPS

Drastic changes in consumer demands are driving labor unrest in diverse industries upended by technology

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