STLA News and Press, Stellantis N.V. From 09/19/23

2023-09-19 07:15:34 ET More on metals Commodities Roundup High Gold-Silver Ratio Unlikely To Last Freeport McMoRan jumps with copper prices as China cuts reserve requirements For further details see: How will the UAW strike impact the metals markets?

2023-09-19 03:38:09 ET The United Auto Workers plan to announce additional strikes against the Detroit Three if "serious progress" is not made in contract negotiations by noon on Friday, the union's president Shawn Fain warned, as the parties remain "far apart" on several issues. The de...

2023-09-19 01:05:00 ET Summary Strikes targeting the Detroit “Big 3” could maximize disruption and uncertainty, while putting long-term competitiveness at risk. With the expiration of labor contracts on September 14, the United Auto Workers (UAW) union launched targe...

2023-09-18 21:25:00 ET Summary The two major inflation indicators released last week were a bit “hotter” than expected, but that was mostly due to energy price increases. The other big news last week was that the UAW agreed to strike last Friday, which could push the...

Stocks closed near the flat line Monday afternoon as investors geared up for the Federal Reserve meeting scheduled for later in the week. The Dow Jones Industrials fought its way into the plus column 6.06 points to finish at 34,624.30. The S&P 500 index gained 3.21 points to 4,453.53....

2023-09-18 09:38:32 ET Summary The current consensus is that S&P 500 earnings will increase 12.2% on a year-over-year basis in 2024 while revenues rise 5.6%. However, the economy's key growth drivers, such as housing, the consumer and industrial production, are facing challeng...

2023-09-18 03:41:34 ET The United Auto Workers' strike against Detroit's Big 3 automakers has entered its fourth day, garnering support from the White House and Democratic politicians, although negotiations remain deadlocked. A team from the White House is expected to reach Detroit...

2023-09-17 09:00:00 ET Summary Ford faces a UAW strike against the Big 3 auto manufacturers due to demands for large pay and benefit increases. The auto giant is already threatened by competition from startup EV manufacturers with cheaper labor costs and high costs from investing ...

2023-09-17 09:00:00 ET Summary Labor negotiations with key labor unions in the U.S. are leading to huge pay increases, which are both a symptom of and a cause of inflation. The recent United Auto Workers strike and Saudi Arabia's efforts to raise oil prices are further fueling inf...

2023-09-16 23:54:36 ET Summary Illinois Tool Works is well positioned for revenue growth and margin expansion, with strong demand for 75% of its business portfolio. The company should be able to post above-market growth thanks to its "customer-back" innovations and increasing mark...