UAW strike looms over negotiations ahead of Thursday deadline

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The United Auto Workers threaten to strike at the plants of the Big Three automakers — Ford (F), General Motors (GM), Stellantis (STLA) — in the hopes of disrupting incoming profits and negotiate better benefits for union workers. The deadline to reach a new agreement is Thursday, September 14, at midnight.Yahoo Finance Autos Reporter Pras Subramanian discusses where the negotiations stand and what the UAW is demanding, including a 40% pay hike and defined pension plans.

Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.Entertainment workers have moved to take more than $44 million out of their individual retirement accounts as they endure months without work due to the strikes. Nearly 3,000 workers have filed for hardship withdrawals, according to an update circulated on Friday by the Motion Picture Industry Pension and Health Plans.

LANSING, Mich. — The prospect of an auto workers strike could test Joe Biden's treasured assertion that he's the most pro-union president in U.S. history. The United Auto Workers is threatening to strike against the nation’s big three automakers, General Motors, Ford and Stellantis, if tentative contact agreements aren't reached by 11:59 p.m. on Thursday.

 

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Inflation rises, Apple's new devices, UAW strike looms: 3 ThingsThe Consumer Price Index rose in August, with the month-over-month core data coming in hotter than expected. It raises the question about what the Federal Reserve will do about interest rates given its focus on bringing inflation down. Apple (APPL) unveiled the iPhone 15 and Apple Watch series 9, but investors weren't exactly enthused with the new offerings, as China finally says it has not issued any ban on iPhones. The UAW negotiations with the Big Three automakers (F, GM, STLA) are ongoing as a strike deadline looms. Yahoo Finance Live brings you the three stories you need to be watching today.
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