29, United Auto Workers (UAW) President Shawn Fain announced that two more GM and Ford assembly plants will go on strike in the U.S.
They are the GM Lansing Delta Township plant in Michigan and the Ford assembly plant in Chicago, CNBC reports.
.
Approximately 6,900 autoworkers will join over 18,000 who are already on strike.
At this time, the UAW
will not launch additional
strikes against Stellantis
due to negotiation progress.
.
Moments before this broadcast, Stellantis made significant progress on the 2009 cost of living allowance, the right not to cross a picket line, as well as the right to strike over product commitments and plant closures and outsourcing moratoriums, UAW President Shawn Fain, via statement.
We are excited about this momentum
at Stellantis and hope it continues, UAW President Shawn Fain, via statement.
GM claims that it has not yet received a "comprehensive counteroffer" to a
contract proposal it previously made.
Calling more strikes is just for the
headlines, not real progress.
The number
of people negatively impacted by these strikes is growing and includes our customers who
buy and love the products we build, Gerald Johnson, GM’s head of
global manufacturing, via statement.
We’re here to reach an agreement so we can all get back to work,
and that remains our 100% focus, Gerald Johnson, GM’s head of
global manufacturing, via statement
US Volkswagen Employees , Want to Join United Auto Workers.
Tennessee Volkswagen workers filed a petition to join the UAW on March 18, 'The Guardian' reports. .
Today, we are one step closer
to making a good job at
Volkswagen into a great career, Isaac Meadows, a production team member in assembly
at the Volkswagen plant, via press release.
Right now, we miss time with our
families because so much of our
paid-time-off is burned up during
the summer and winter shutdowns. , Isaac Meadows, a production team member in assembly
at the Volkswagen plant, via press release.
We shouldn’t have to choose
between our family and our job.
By winning our union and a real
voice at Volkswagen, we can negotiate
for more time with our families, Isaac Meadows, a production team member in assembly
at the Volkswagen plant, via press release.
The Chattanooga Volkswagen plant is currently the company's only global
plant without union representation.
As it stands, we don’t really have a
whole lot of freedom at work, we don’t
have a whole lot of say on how things
are done and how things go on. , Zach Costello, a worker at the Volkswagen
plant in Chattanooga since 2017, to 'The Guardian'.
Our lives are at work and if our lives
spend so much time at work and we
have no say, then how free are you? , Zach Costello, a worker at the Volkswagen
plant in Chattanooga since 2017, to 'The Guardian'.
If people truly want a democratic life,
regardless of how good their job is,
worker organization is very important, Zach Costello, a worker at the Volkswagen
plant in Chattanooga since 2017, to 'The Guardian'.
Amid the plant's union organizing
campaign, unfair labor practice charges have been filed by the UAW against Volkswagen.
The UAW has accused the company of
union busting, which Volkswagen denies
Credit: Wibbitz Top Stories Duration: 01:31Published
Ford Orders Recall , Over Potential SUV Gas Leak.
ABC reports that Ford has ordered
a recall for almost 43,000 small SUVs
due to a potential risk of fire. .
The recall impacts some Bronco
Sport SUVs from 2022 and 2023,
as well as 2022's Escape SUVs. .
According to Ford, gasoline can leak from
fuel injectors near or onto hot engine surfaces,
which increases the risk of starting fires.
The recall does not reportedly include repairing
any potential fuel leak, which the company
claims only impacts about 1% of their SUVs.
ABC reports that Michael Brooks, executive director
of the nonprofit Center for Auto Safety,
has called Ford's decision a "Band-aid type recall.".
Brooks claims that even a 1% failure
rate is high and places drivers
at potential risk for a crash.
The NHTSA said that it lacks legal
authority to pre-approve recall fixes. .
The agency added that it would, "closely track their performance using field data.".
However, Brooks suggests that Congress
needs to change laws so that the NHTSA can , "require something more than the rubber
stamp that NHTSA is currently deploying.”.
That is a post-remedy inquiry
that won't make the fixes better,
and further stretches out the process
and leaves consumers in limbo. , Michael Brooks, executive director of the
nonprofit Center for Auto Safety, via ABC
Credit: Wibbitz Top Stories Duration: 01:30Published
The disappearance of Rupesh Chandra Chintakindi, a 25-year-old student from Telangana studying in Chicago, has alarmed the Indian community. Last seen on May 2nd, efforts to locate him have been fruitless. He vanished after allegedly traveling to Texas to meet an unidentified individual. His case highlights a troubling trend of Indian students facing danger abroad, prompting calls for increased safety measures.
#RupeshChintakindi #Telangana #IndianinUS #IndianStudents #Texas #Chicago #IndianCommunity #USnews #Indianews #Worldnews #Oneindia #Oneindianews
~PR.320~ED.103~GR.125~HT.96~
Indie rocker Steve Albini, who was best known for being the front man for the rock bands Big Black and Shellac, has died. His employees at his Chicago-based.. TMZ.com
A 79-year-old man has been charged with murder of an 18-year-old woman who was stabbed more than 120 times in her suburban Chicago home almost six decades ago. Sky News
These 5 US Cities Have the , Fastest-Rising Home Prices.
'Newsweek' reports that five cities in the
United States saw home prices increase by more
than 8% between January 2023 and January 2024.
The S&P CoreLogic Case-Shiller National Home Price
Index showed that all 20 cities analyzed had year-
over-year increases during the same period of time.
According to the report, , these are the five cities where , home prices grew the fastest:.
Chicago, IL, Home prices increased by 8%
year-over-year in the Windy City.
According to the latest Redfin data, the median sale price of a house in Chicago was $335,000 as of February 2024, a 6.3% increase compared to the same time last year.
Charlotte, NC, Charlotte saw home prices increase
by 8.1% year-over-year for 2024,
with the median home price at $399,995.
Detroit, MI, Motor City saw home prices jump 8.3%. The median sale price of a home was $83,000, a significant 15.3% increase compared to 2023.
'Newsweek' reports that while Detroit has some of the cheapest
home prices in the nation, its housing market is seeing a
resurgence due to a boom in electric vehicle production.
'Newsweek' reports that while Detroit has some of the cheapest
home prices in the nation, its housing market is seeing a
resurgence due to a boom in electric vehicle production.
Los Angeles, CA, The city's 8.6% hike ranked as the second-highest
price increase in the nation with the median home
price at $975,000, a 5.9% increase year-over-year.
San Diego, CA, San Diego registered a whopping 11.2%
price increase for 2023 with the median sale price
sitting at $940,000, a 10% year-over-year increase.
Credit: Wibbitz Top Stories Duration: 01:31Published
Before this cutie pie -- who grew up in Ann Arbor, Michigan -- turned into an actress and Broadway star, she was dancin' up a storm in dance class, playing piano.. TMZ.com
Pop-Tarts is calling out Jerry Seinfeld ahead of the release of his new movie 'Unfrosted.' Seinfeld directed and co-wrote the film, which he also stars in, about the fictional origin story of Pop-Tarts. The actor and filmmaker has said of the movie, "This really did happen in Battle Creek, Michigan, where Kellogg's and Post were located, and they did compete to come up with this product. But the rest of it is complete lunacy." Now, a new video sees Seinfeld get called into Pop-Tarts HQ for a major meeting.
Credit: The Hollywood Reporter Duration: 01:55Published
FDA Testing Reveals , Bird Flu Virus , in 1 in 5 Milk Samples.
'Time' reports that the Food and Drug Administration
(FDA) has warned that traces of bird flu have been found
in nearly one-fifth of commercial milk samples tested. .
In a statement released on the agency's website,
the FDA said that traces of the virus do not
necessarily indicate a risk to consumers. .
According to the FDA, more tests are needed
to confirm if intact pathogens that remain
infectious are present in the samples.
Those tests would determine , "whether there is any risk of illness
associated with consuming the product.".
'Time' reports that the results of the study
come as a stark warning of how quickly the
virus is spreading among dairy cows in the U.S.
The virus has already killed millions of birds globally,
raising both health and food security concerns,
as well as spooking global markets.
The virus has already killed millions of birds globally,
raising both health and food security concerns,
as well as spooking global markets.
So far, the Department of Agriculture has already
confirmed 33 infected herds across eight states,
including Texas, Michigan and Ohio.
So far, the Department of Agriculture has already
confirmed 33 infected herds across eight states,
including Texas, Michigan and Ohio.
In an effort to understand the extent of the outbreak
and potentially contain it, the USDA has implemented
mandatory testing of cows moving across state borders.
Authorities have stressed that the current
risk to humans remains low, with only one
identified human case in the U.S. this year. .
To date, the retail milk studies
have shown no results that would
change our assessment that the
commercial milk supply is safe. , FDA statement, via 'Time'
Credit: Wibbitz Top Stories Duration: 01:31Published
Key Federal Reserve Inflation Gauge , Rose 2.8% in March.
According to Commerce Department
data released on April 26.
the personal consumption expenditures
(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .
That exceeded Dow Jones
estimates of 2.7%, CNBC reports. .
When also accounting for food and energy, the all-items PCE measure rose 2.7%,
which was above the 2.6% estimate.
Inflation reports released this morning
were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.
... but investors should not get
overly anchored to the idea that
inflation has been completely
cured and the Fed will be cutting
interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.
The prospects of rate cuts remain,
but they are not assured, and the
Fed will likely need weakness in
the labor market before they
have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.
Consumers continue to spend despite
higher prices, CNBC reports.
Personal spending increased 0.8% in March, while personal income rose 0.5%.
The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.
The Fed continues to target 2% inflation, which the core PCE has exceeded for
the last three years, CNBC reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix released a Q1 earnings report on April 18, indicating that its number of subscribers jumped 16% year-over-year to reach 269.6 million.
Analysts only expected the streamer to have about 264.2 million subscribers, CNBC reports. .
The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion. .
However, Netflix said that its membership numbers are no longer the main factor contributing to the company's growth.
As a result, the company will stop providing "quarterly membership numbers or average revenue per user" beginning in 2025, CNBC reports. .
Instead, it will divulge "major subscriber milestones as we cross them.".
Price hikes, terminating password sharing
and offering an ad-supported tier are all tactics that have boosted revenue.
Netflix is also seeking to gain traction within the video game space and recently partnered with TKO Group Holdings to offer WWE on the platform.
We’re in the very early days of
developing our live programming and
I would look at this as an expansion of
the types of content we offer, the way
we expanded to film and unscripted and
animation and most recently games, Ted Sarandos, co-CEO of Netflix, via earnings call.
We believe that these kind of event cultural
moments like the Jake Paul and Mike Tyson
fight are just that kind of television, and we
want to be part of winning over those
moments with our members as well, so that
for me is the excitement part of this, Ted Sarandos, co-CEO of Netflix, via earnings call.
As of the morning of April 18,
Netflix's stock was up 27%
Credit: Wibbitz Top Stories Duration: 01:30Published
Google Fires Employees , for Protesting Israel Contract.
28 Google workers have been fired for protesting
a $1.2 billion contract that the company has with
the Israeli government and military to provide
cloud and AI services, NBC News reports. .
The firings follow an April 16 sit-in at
Google's offices in California, New York and Seattle in which nine workers were arrested.
The group that coordinated the demonstration
is known as No Tech for Apartheid. .
Google issued a statement about the recent firings.
A small number of employee
protesters entered and disrupted
a few of our locations. , Google spokesperson, via statement.
Physically impeding other employees’
work and preventing them from
accessing our facilities is a clear
violation of our policies, and
completely unacceptable behavior. , Google spokesperson, via statement.
We have so far concluded
individual investigations that
resulted in the termination of
employment for 28 employees,
and will continue to investigate
and take action as needed, Google spokesperson, via statement.
No Tech for Apartheid claims that the
workers were fired "indiscriminately.".
This excuse to avoid confronting
us and our concerns directly,
and attempt to justify its illegal,
retaliatory firings, is a lie, No Tech for Apartheid, via statement.
Meanwhile, many of Google's workers have
reportedly quit after experiencing "mental health consequences of working at a company that is using their labor to enable a genocide," No Tech for Apartheid said.
On a personal level, I am opposed
to Google taking any military
contracts — no matter which
government they’re with or what
exactly the contract is about. , Cheyne Anderson, a Google Cloud software engineer based
in Washington who was arrested during a sit-in, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Amazon Cuts Hundreds , of Cloud Computing Jobs.
An Amazon Web Services (AWS)
spokesperson issued a statement about
the job cuts on April 3, CNBC reports. .
We’ve identified a few targeted areas of
the organization we need to streamline
in order to continue focusing our efforts
on the key strategic areas that we
believe will deliver maximum impact, AWS spokesperson, via statement.
We didn’t make these decisions
lightly, and we’re committed
to supporting the employees
throughout their transition to new
roles in and outside of Amazon, AWS spokesperson, via statement.
Cuts are being made to the store technology division “as a result of a broader strategic shift in the use of some applications in Amazon’s owned as well as in third-party stores,” the spokesperson said.
The layoffs come after Amazon announced that it was ending its Just Walk Out technology in Fresh stores.
The cashierless technology is overseen
by teams within the AWS unit. .
Beginning in 2022, Amazon started
its largest layoffs in history by letting
go of 27,000 roles company-wide. .
So far in 2024, the retail behemoth has cut jobs at Audible, Buy with Prime, Prime Video, MGM Studios and Twitch, CNBC reports. .
This latest round of cuts will
allow U.S. employees to collect pay
and benefits for a minimum of 60 days.
They will also be offered a severance package.
Credit: Wibbitz Top Stories Duration: 01:30Published
UPS to Become US Postal Service’s , Main Air Cargo Provider.
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
In fiscal year 2023, USPS paid FedEx $1.73 billion
for its services, down from the $2.4 billion
FedEx received in fiscal year 2020.
The decrease in payments was partially due
to the postal service using more economical
trucks in place of planes, CNBC reports. .
The parties were unable to reach
agreement on mutually beneficial
terms to extend the contract, FedEx, via securities filing.
Since FedEx will lose nearly $2 billion in annual
business from letting go of the contract, .
hundreds of pilots will likely
lose their jobs, CNBC reports .
Following the announcement, UPS shares
increased 1.4% while FedEx stock dropped 1.6%.
FedEx's current contract is
set to expire on Sept. 29
Credit: Wibbitz Top Stories Duration: 01:30Published
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