United Parcel Service Inc.

Rising Expenses Pose Profits Erosion Threat: Multiple Organizations Caution on Escalating Costs

An American Airlines 787 is loaded with cargo at Philadelphia International Airport. Leslie Josephs/CNBC Numerous companies are cautioning that soaring fuel costs and increased employee wages will impact their profits this quarter. Companies spanning from aerospace manufacturers to package delivery leader UPS are grappling with significant labor agreements. Furthermore, unions representing workers from the automotive …

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Labor unions are vigorously advocating for improved compensation and working hours—and achieving success

Members of the United Auto Workers union recently organized a rally and picket near a Stellantis plant in Detroit on August 23, 2023. This is just one example of workers across various industries taking a strong stance and demanding higher pay and improved quality of life. The COVID-19 pandemic, along with increased company profits, inflation, …

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UPS employees approve new labor contract featuring substantial pay raises

David Paul Morris | Bloomberg | Getty Images UPS workers have unanimously ratified a five-year labor contract that brings significant wage increases and various enhancements to work rules and schedules, as announced by the International Brotherhood of Teamsters on Tuesday. The contract vote received an 86.3% approval, marking the highest ever recorded in Teamsters history …

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Pre-market Movers: UPS, Lucid, Beyond Meat Experience Significant Swings

A UPS worker inspects an Amazon package for delivery in New York. Eduardo Munoz | Reuters Explore the trending companies in premarket trading. Sagimet Biosciences — Shares of the biopharmaceutical company surged 31% following an upgrade from Goldman Sachs. The firm emphasized Sagimet’s potential for significant gains due to advancements in its treatment for nonalcoholic …

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5 Key Points to be Aware of Before Monday Market Opening

Get ready for a smart start to your trading day with these important news updates: 1. Markets Aim to Rebound Stock futures inched higher on Monday after a recent downturn. Last week, the Nasdaq and S&P 500 suffered their worst weeks since March, dropping 2.9% and 2.3% respectively. The Dow fell approximately 1.1%. As the …

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Companies tighten leash on customer perks and rewards such as airline miles

Shoppers visiting Brickell City Centre in Miami, Florida on June 14, 2023, may have noticed a shift in the way companies are offering customer rewards. Airlines, retailers, and even companies like Dunkin’ and Sephora have become stingier with their perks, making it harder for customers to earn elite status, tightening return policies, and cracking down …

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American Airlines pilots’ union agrees to improved labor agreement

American Airlines plane Silas Stein | picture alliance | Getty Images American Airlines pilots’ union announced on Thursday that they have agreed to an improved offer for a new labor contract. This comes less than two weeks after a more lucrative deal at United Airlines disrupted the voting process at American. The revised preliminary agreement …

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Midday Stock Movements: Notable changes for SPOT, RTX, GE

Here are some companies making waves in midday trading: 1. 3M: Shares of the chemical manufacturer surged 5.5% after reporting impressive earnings. 3M exceeded revenue expectations, posting $7.99 billion compared to analysts’ estimated $7.87 billion. The company also raised its full-year earnings guidance, instilling confidence in investors. 2. Spotify: The popular music streaming platform faced …

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