Investing
Biden set for Michigan visit to show support for UAW strikes
© Reuters
Investing.com — President Joe Biden is set to visit Michigan on Tuesday, to show support for the United Auto Workers’ strike, CNBC reported, citing an unnamed person familiar with the matter.
Biden received a public invitation from UAW boss Shawn Fain on Friday to join striking autoworkers on the picket line against the big three automakers including Ford Motor Company (NYSE:), General Motors Company (NYSE:) Company and Stellantis NV (NYSE:).
The White House didn’t immediately respond to Investing.com’s request for comment.
United Auto Workers expanded its strikes across car making plants at General Motors Company and Stellantis, saying the duo still needed a “serious pushing.” Earlier this week, the UAW warned that it would call on more of its union members to walkout at car factories across Detriot’s big three automakers unless significant progress was made on labor talks by noon Friday.
Ford, however, is nearing closer to a deal with the UAW, and managed to avert an expanded strike, but the labor union said it was “not done negotiating with Ford yet.” Ford confirmed in a statement Friday that there remains “significant gaps on the key economic issue” that need to be addressed to get a labor deal over the line.
Read the full article here
-
Side Hustles6 days ago
Mark Zuckerberg Is Now Second Richest Person in the World
-
Investing6 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles6 days ago
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Investing4 days ago
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Investing5 days ago
Israel stocks lower at close of trade; TA 35 down 0.23% By Investing.com
-
Investing6 days ago
BCA says investors should fade the real estate rally By Investing.com
-
Passive Income5 days ago
Go Paperless with the PDF Reader Pro for $49.99
-
Passive Income6 days ago
Learn a New Language with This Fresh Approach