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Economy

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How long could the UAW strike last? Here's how much strike pay the union has saved

How long could the UAW strike last? Here's how much strike pay the union has saved

The UAW strike could last for several months, based on the strategy that union president Shawn Fain has implemented -- which could spell major problems for Detroit's Big Three.

September 22, 2023 5:31pm EDT
UAW strike: President Joe Biden to speak in Michigan in support of union

UAW strike: President Joe Biden to speak in Michigan in support of union

President Joe Biden will visit Michigan on Tuesday to meet with UAW members striking against Detroit's Big Three, according to a report from the Washington Post.

September 22, 2023 5:12pm EDT
UAW president gives fiery comments after ramping up strike, says workers being left out of EV transition

UAW president gives fiery comments after ramping up strike, says workers being left out of EV transition

“It's a lose-lose all around for working class people and again, the billionaire class continues to walk away with the loot so people like Elon Musk can build another rocket ship and shoot themselves to the damn moon."

September 22, 2023 1:08pm EDT
UAW strike: Where negotiations stand between union and Ford, General Motors, and Stellantis

UAW strike: Where negotiations stand between union and Ford, General Motors, and Stellantis

On Friday, the autoworkers union president greatly expanded the scope of its strike against General Motors and Stellantis after it said negotiations with the two automakers had not seen serious progress.

September 22, 2023 10:55am EDT
UAW strike day 7: GM, Stellantis announce layoffs as negotiations continue

UAW strike day 7: GM, Stellantis announce layoffs as negotiations continue

Both General Motors and Stellantis announced layoffs Wednesday as UAW members continue to walk the picket line at three facilities. These layoffs come as the strike nears the one-week mark with more employees potentially joining the picket line.

September 21, 2023 7:20am EDT
UAW's argument about pay raises and how much Detroit's Big Three CEO's make

UAW's argument about pay raises and how much Detroit's Big Three CEO's make

The UAW has touted the line that CEO pay has risen by 40% over the past four years so employees should get the same. But here's how much the CEO's of Detroit's Big Three make and how much it's gone up over the past four years.

September 20, 2023 11:33am EDT
UAW's Fain denounces Trump's planned Detroit visit: 'Can't keep electing billionaires and millionaires'

UAW's Fain denounces Trump's planned Detroit visit: 'Can't keep electing billionaires and millionaires'

UAW President Shawn Fain is blasting former President Donald Trump's plan to skip the GOP debate and speak with autoworkers in Detroit instead.

September 20, 2023 10:56am EDT
President Biden and Brazil's Lula meeting in New York to discuss labor, climate

President Biden and Brazil's Lula meeting in New York to discuss labor, climate

The two leaders are expected to discuss labor and the environment as the two nations roll out a partnership on workers’ rights.

September 20, 2023 7:44am EDT
Target hiring 100K workers, offer early discounts for the 2023 holiday season

Target hiring 100K workers, offer early discounts for the 2023 holiday season

Target is gearing up for the busy holiday season with early discounts and a hiring spree for seasonal workers. 

September 19, 2023 11:38am EDT
UAW sets new deadline of Sept. 22 for 'serious progress' on Big Three negotiations

UAW sets new deadline of Sept. 22 for 'serious progress' on Big Three negotiations

In a new Facebook video posted Monday, UAW President Shawn Fain said that if “serious progress" is not made, more Locals at plants will be called on to walk out.

September 18, 2023 10:11pm EDT
UAW strike day 4: President Biden sending officials to Detroit to help with negotiations

UAW strike day 4: President Biden sending officials to Detroit to help with negotiations

As the UAW enters the fourth day of striking, President Joe Biden plans to send White House officials to Michigan to help with negotiations between the union and Big Three.

September 18, 2023 7:17am EDT
Gas prices will inch higher next week before offering drivers relief, experts say

Gas prices will inch higher next week before offering drivers relief, experts say

The 'biggest issue facing the consumer and the economy is the relentless rise in diesel prices,' an industry analyst warned

September 15, 2023 8:19pm EDT
Monthly home prices hit all-time high, driving pending sales down

Monthly home prices hit all-time high, driving pending sales down

Monthly home prices have hit an all-time high in recent weeks, driving down pending home sales by as much as 28%. 

September 15, 2023 1:37pm EDT
UAW Strike: Plants in Michigan, Ohio, and Missouri targeted for strike; 'This is about our members tonight'

UAW Strike: Plants in Michigan, Ohio, and Missouri targeted for strike; 'This is about our members tonight'

Without a contract by 11:59 p.m., the union president called on workers at factory locations in Ohio, Missouri, and Michigan to walk off the line at midnight.

September 14, 2023 8:29pm EDT
Millionaire CEO who said there needs to be higher unemployment to punish 'arrogant' employees, apologizes

Millionaire CEO who said there needs to be higher unemployment to punish 'arrogant' employees, apologizes

Tim Gurner, a multi-millionaire CEO of Gurner Group, a real estate company founded in 2013, said at a conference that COVID-19 created a work culture in which employees' attitudes and work ethic deteriorated.

September 14, 2023 7:06pm EDT
Why are home prices so expensive? Blame the boomers, Barclays says

Why are home prices so expensive? Blame the boomers, Barclays says

Would-be homebuyers nationwide are facing a spike in housing costs amid an ongoing affordability crisis - and baby boomers may be to blame, Barclays says.

September 13, 2023 10:54am EDT
Farmers Insurance to layoff 2,400 staff across entire business

Farmers Insurance to layoff 2,400 staff across entire business

The employees getting laid off represent about 11% of the insurance provider's staff.

August 30, 2023 2:04pm EDT
Home affordability is the worst it has been in nearly 40 years, study shows

Home affordability is the worst it has been in nearly 40 years, study shows

U.S. home prices recently faced their sharpest rise since November.

August 29, 2023 5:54pm EDT
Popular summer vacation destinations across US see uptick in vacancies

Popular summer vacation destinations across US see uptick in vacancies

Vacation hotspots across the country saw vacancy rates as high as 20% this summer

August 28, 2023 8:17pm EDT
Home prices will rise in 2023 as affordability crisis worsens, Goldman says

Home prices will rise in 2023 as affordability crisis worsens, Goldman says

Goldman Sachs projects home prices to climb by 1.8% this year amid housing shortage

August 28, 2023 8:14pm EDT
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Trump gives fed workers off on Christmas Eve, December 26

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