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Tag: labor

Federal Reserve official warns Trump’s deportation plan could disrupt labor supply

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said Sunday that mass deportations of undocumented immigrants working in the U.S. could disrupt the labor supply for some companies, but what impact it would have on inflation and the broader economy. said it was unclear. Kashkari appeared on CBS' “Face the Nation” and outlined […]

Fed’s Kashkari warns mass deportations could disrupt labor at some businesses

Former Acting ICE Director Tom Homan and Key Square Capital Management CEO Scott Bessent spoke about President-elect Trump's plans to tackle immigration and the economy. mass deportation Minneapolis Fed President Neel Kashkari said Sunday that an increase in the number of illegal immigrants working in the U.S. could disrupt the labor supply for some companies, […]

California voters shoot down proposed ban on forced prison labor

California voters canceled a ballot initiative that would have banned forced labor as punishment for crimes in the state. The bill, known as Proposition 6, would amend the state constitution to prohibit forced labor in all circumstances. The state constitution currently allows for exceptions to the forced labor ban when punishing crimes. The measure was […]

House GOPers score labor endorsements in key swing NY districts

Major labor unions are breaking away from Big Labor in New York and backing Republican incumbents over Democratic challengers in close local House races, increasing Republicans' chances of retaining a majority in Congress. New York state AFL-CIO leadership is backing Democrats in all seven of the most competitive local House races, including five leading first-term […]

Boeing to cut 10% of workforce, halt most 767 production amid labor union strike

Peter McNally, head of global analyst at Third Bridge, spoke on “The Big Money Show” about how the Boeing factory workers' strike is impacting business. Boeing plans to lay off 10% of its workforce, or about 17,000 people, and cut production in the coming months as union strikes continue. Chief Executive Officer Kelly Ortberg, who […]

Biden backs dockworkers in labor strike, urges ‘fair contract’

President Biden on Tuesday night stood by longshoremen's unions and pressed U.S. port employers to offer them “fair contracts” ahead of the second day of a historic port strike. About 45,000 members of the International Longshoremen's Association walked off the job Tuesday and picketed at ports stretching from Maine to Texas, fighting for new contracts […]