The United Auto Workers union is threatening to go on strike subsequent week at Ford Motor Co.’s largest and most worthwhile manufacturing unit in a dispute over native contract language.
The union mentioned Friday that just about 9,000 employees on the Kentucky Truck Plant in Louisville will strike on Feb. 23 if the native contract dispute will not be resolved.
If there’s a strike, it will be the second time the union has walked out on the sprawling manufacturing unit up to now yr. In October, UAW employees shut down the plant throughout nationwide contract negotiations that ended with massive raises for workers.
Wall Street falls to a uncommon dropping week
Stocks slipped Friday to ship Wall Street to a uncommon dropping week, simply its second within the final 16.
The S&P 500 fell 0.5% from its all-time excessive set a day earlier. The Dow Jones Industrial Average dropped 145 factors, or 0.4%, and the Nasdaq composite sank 0.8%.
A report within the morning on inflation on the wholesale degree gave the newest reminder that the battle towards rising costs nonetheless isn’t over. Prices rose extra in January than economists anticipated, and the numbers adopted the same report from earlier within the week that confirmed residing prices for U.S. shoppers climbed by greater than forecast.
Treasury yields rose instantly after the report’s launch, including strain onto the inventory market.
The information stored the door closed on hopes that the Federal Reserve might start chopping rates of interest in March, as merchants had earlier hoped.
Source: www.bostonherald.com”