Weekly Report (August 4-10, 2023) on the Second Tranche of Stellantis Share Buyback Program
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- S&P 500, Dow set to open lower as Gulf tensions send oil to over six-week high
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- Qualcomm stock surges 9.5% on Amazon AI deal & 25M share warrant
- Energy stocks rise premarket as oil prices climb on Middle East supply fears
- Novartis shares plunge 10% as failed drug trial clouds growth outlook
- Citi initiates UiPath coverage with Buy rating and $23 target
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- European shares subdued as surging crude sharpens focus on ECB rate path
- S&P 500, Dow set to open lower as Gulf tensions send oil to over six-week high
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UAW to hold a vote authorizing a strike as talks continue at slow pace
August 15, 2023 2:01 PM EDTUnion President Shawn Fain released a statement Tuesday indicating that negotiations with Detroit automakers continues to move at a snails pace and have yet to even address the issues surrounding wages and other economic issues.
The United Auto Workers union (UAW) boasts a membership of approximately 146,000 members who will vote next week on authorizing their leaders to call strikes against the Big Three. The unions contracts with General Motors (NYSE: GM), Ford (NYSE: F) and... More
Biden calls on automakers and union to come together on 'a fair agreement'
August 14, 2023 1:52 PM EDTWith just a month remaining until the expiration of contracts, Detroits Big Three and the United Auto Workers (UAW) union are still at odds, struggling to reach a mutual understanding. On Monday, U.S. President Joe Biden urged both the automotive union and the corporations they are associated with to come together on an agreement soon.
"Im asking all sides to work together to forge a fair agreement," Biden... More
