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This basket consists of stocks with companies that benefit from new families.
The Procter & Gamble Company
Verizon Communications Inc.
The Home Depot, Inc.
Costco Wholesale Corporation
Lowe's Companies, Inc.
General Motors Company
Ford Motor Company
General Mills, Inc.
Newell Brands Inc.
Tempur Sealy International, Inc.
Bed Bath & Beyond Inc.
When asked about reports General Motors Co may turn its shuttered Lordstown, Ohio, plant into a battery factory, "Buffalo" Joe Nero snorts and points at the vast complex that until six months ago made the Chevrolet Cruze. The United Auto Workers (UAW) union, which went on strike last week, agrees. GM's decision to close it and three other U.S. facilities due to sagging U.S. passenger car sales has drawn widespread criticism, including from President Donald Trump.
Leading automakers like Ford (F), General Motors (GM), and Tesla (TSLA) face bleak business conditions. Ford stock has fallen the most among its peers.
Although Williams-Sonoma (WSM) is witnessing higher shipping costs, focus on digital initiatives, new product introductions, store remodels and furniture is likely to drive growth.
Bed Bath & Beyond (BBBY) grapples with margin woes for a while now due to higher costs. This might hurt its bottom-line performance in second-quarter fiscal 2019.
At CNBC’s Delivering Alpha conference, Trian Partners CEO Nelson Peltz said that holding a large stake in General Electric was his "big mistake."
The strike against General Motors by 49,000 United Auto Workers entered its second week Monday with progress reported in negotiations but no clear end in sight. A person briefed on the negotiations says they're haggling about wages and profit sharing, new product for factories that GM wants to close, a faster route to full wages for new hires, and use of temporary workers. Already the strike forced GM to shut down two Canadian factories that make engines, older-model pickup trucks and two car models.
on Friday to call for action on climate change. UN secretary-general António Guterres, who has made the climate summit his signature event, has told world leaders to leave their platitudes on climate change at the door and commit to real change.
The Dow Jones Industrial Index or DJIA has risen 15.5% year-to-date. The index is trading at 26,935.07, which is 1.9% below its 52-week high.
A strike against General Motors by 49,000 auto workers appears headed to an eighth day. Bargainers were meeting all day Sunday at GM's headquarters in downtown Detroit. "They're still talking," United Auto Workers union spokesman Brian Rothenberg said.
Democrats were quick to back working-class United Auto Workers in their strike against General Motors, delivering doughnuts and holding picket signs outside factories to show solidarity. There were no doughnuts from Republicans. Led by President Donald Trump, GOP officials have largely avoided taking sides in the strike that threatens to upend the economy in Michigan, an election battleground, a year before the 2020 vote.
If U.S. consumers ever ditch fuel burners for electric vehicles, then the United Auto Workers union is in trouble. Gone would be thousands of jobs at engine and transmission plants across the industrial Midwest, replaced by smaller workforces at squeaky-clean mostly automated factories that mix up chemicals to make batteries. The union is keenly aware of this possibility as it negotiates for the future as much as the present in contract talks with General Motors.
Some prominent market personalities, such as Leon Cooperman, chair and CEO of Omega Advisors, feel that the Fed's rate cut decision was unnecessary.
The birthplace of General Motors has been on an economic roller-coaster ride for more than a century as the automaker rose, crashed and retooled for changing markets. Now, the city of Flint is again steeling for economic impact amid a nationwide United Auto Workers' strike against the automaker. Workers seeking job security and a bigger share of GM's profits have been surrounding the company's massive complex in Flint for days, marching and toting signs and U.S. flags at entrances.
Amazon placed a bulk order for 100,000 electric delivery vans from Rivian. Amazon plans to phase out its current diesel vehicles in a systematic manner.
Yesterday, Morgan Stanley analyst Adam Jonas provided his thoughts on Tesla while maintaining his rating and target price on its stock.