The Latest Breaking News from UPS

More than 323,000 workers – including nurses, actors, screenwriters, hotel cleaners and restaurant servers – walked off their jobs during the first eight months of 2023. Hundreds of thousands of the employees of delivery giant UPS would have gone on strike, too, had they not reached a last-minute agreement. And…

The Teamsters said that 86% of the votes casts were in favor of ratifying the national contract.

'We don’t want to create a disaster within a disaster by sending goods that are unsolicited.'

Labor unions like the Teamsters and United Auto Workers are using leverage and strike threats in negotiations with employers for better pay and benefits.

The Teamsters union reached a tentative deal with UPS, narrowly averting a nationwide strike. Rank-and-file union members are voting on whether to approve the contract.

Bidenomics and a strong labor movement are in full effect as full-time UPS drivers win a high six figures.

September S&P 500 futures (ESU23) are down -0.45%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.49% this morning as fresh worries about China’s economic rebound and the state of U.S. banks weighed on sentiment.

Last week was busy on the earnings front, so this week is a little quieter in comparison. However, we still have DIS, PLTR, UPS and TTD reporting.

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