Straits Times Index
3,217.41 +10.42 (+0.32%) Nikkei
31,857.62 -14.90 (-0.05%) Hang Seng
17,809.66 +436.63 (+2.51%) FTSE 100
7,608.08 +6.23 (+0.08%) Bitcoin USD
26,931.53 -171.65 (-0.63%) CMC Crypto 200
579.66 +0.90 (+0.15%)
GM Jan 2024 25.000 put
| Previous close | 0.3400 |
| Open | 0.3000 |
| Bid | 0.3300 |
| Ask | 0.3500 |
| Strike | 25.00 |
| Expiry date | 2024-01-19 |
| Day's range | 0.3000 - 0.3300 |
| Contract range | N/A |
| Volume | |
| Open interest | 10.18k |
- Yahoo Finance Video
Two reasons why this UAW strike could be 'tougher' to resolve: Fmr. car czar Steven Rattner
Autoworkers have expanded their strikes against General Motors (GM) and Ford (F). The strike against Stellantis (STLA) continues, but it was not expanded because progress has been made in negotiations. Willett Advisors Chairman and CEO Steve Rattner, who also served as the head of former President Obama's Auto Task Force, says this strike may be "tougher" to resolve than others that have been seen in the past. Rattner gave two reasons why: that it's being played out in public and that the UAW has some demands that are "not possible for the companies to comply with." Some of those demands that may be hard for the automakers to deliver, Rattner says, are working 32 hours/week but being paid for 40 hours, the return of defined benefit pension plans, and improving retiree health care benefits. Both President Joe Biden and former President Donald Trump visited the Detroit area this week. Rattner says those visits hurt the ability to get a deal done, saying it "enflames" the situation." Rattner argues that Biden was "egged on" by Trump to visit the striking workers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
UAW, Big Three still 'seem to be pretty far apart': Journalist
Autoworker's expanded their historic strike. against Ford (F) and General Motors (GM). Starting Friday at noon, workers walked off Ford's Chicago Assembly Plant and GM's Lansing-Delta Assembly Plant, however, Stellantis (STLA) was left out of this expansion due to gains being made in negotiations. Both leaders from Ford and United Auto Workers have increased their media presence, attempting to control the narrative of the strike, leading to what seems like a further division. Gregory Migliore, Autoblog Editor-In-Chief, joins Yahoo Finance to break down efforts from both leaders and how the tension between both sides has potentially escalated. "Not only are the sides farther apart, the case of Ford, it does seem like things are definitely heating up in perhaps a negative way," Migliore said in response to a press conference from Jim Farley, CEO of Ford, who’s "frustration showed through today." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
UAW president expanding strikes against Ford, GM
United Auto Workers (UAW) President Shawn Fain announced today the union's intentions to expand the ongoing strike against two of the Big Three automakers — Ford (F), General Motors (GM) — for a second time. Fain calls on for 7,000 additional auto workers to join the picket line by noon today, noting the UAW has reportedly been in talks with Stellantis (STLA) and seeing progress in their labor talks. Yahoo Finance Autos Reporter Pras Subramanian breaks down Fain's latest statement and updates on the UAW's negotiations with Stellantis, while commenting on the stock action surrounding major automakers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
