Boeing workers going on strike after 96% vote for walkout
Workers at Boeing's US West Coast factories are set to walk out after 96% of workers voted on Thursday to strike, halting production of the planemaker's best-selling jetliner as it struggles with chronic production delays and mounting debt. The workers' first strike since 2008 is scheduled to begin at midnight Pacific time on Friday. This […]
Trump Proposes Eliminating Taxes On Overtime Pay For Workers
Former President Donald Trump proposed eliminating taxes on overtime pay if he wins the November election at a campaign rally in Tucson, Arizona. President Trump has called for eliminating overtime taxes on workers who work more than 40 hours a week, saying it would create more incentives for workers and make it easier for companies […]
JPMorgan, Bank of America to curb long hours for workers after fury over death of Leo Lukenas who logged 100 hours per week
Two major Wall Street banks are reportedly planning to crack down on the number of hours junior bankers can work per week, following outrage over the tragic death of a 35-year-old Bank of America employee who had logged a 100-hour work week. Bank of America, which has come under scrutiny after former Green Beret Leo […]
Six Unrwa workers among estimated 14 killed in Israeli strike on Gaza school sheltering displaced | Israel-Gaza war
An Israeli airstrike on a school in central Gaza that was being used as a shelter for displaced Palestinians killed 14 people, the Hamas-ruled Gaza Strip's civil defense agency said, including six of its staff, according to a United Nations report. The UN's aid agency for Palestinian refugees, UNRWA, said the attack was the highest […]
Boeing strikes tentative labor deal with union representing over 32K workers
Bank of America senior aerospace analyst Ron Epstein shared his thoughts on the current state of aerospace giant Boeing as the company names a new CEO. Boeing Co. announced Sunday that it had reached a tentative agreement with unions representing about 33,000 workers in the Pacific Northwest, days before a strike scheduled for later this […]
Why frontline workers want to quit their jobs
One in five frontline workers have felt overwhelmed by the amount of information available at work and have considered quitting. A new poll of 1,000 U.S. workers in the retail, food service, fitness and hospitality industries found that overall, 83% of workers feel at some level overwhelmed by the amount of information they need to […]
More than a million British workers not having a single day of paid time off, says TUC | TUC
Workers across the UK have lost £2 billion worth of holiday pay, with more than one million people unable to take a single day of paid holiday, according to a new study. This weekend, unionists gathered in Brighton for the first TUC conference under Labour in 15 years to present new research showing the extent […]
$10,000 Tax Bonus Should Be Handed To Struggling American Workers Every Year, Says JPMorgan Chase CEO – The Daily Hodl
JPMorgan Chase CEO Jamie Dimon said he supports changes to the tax code that would give working Americans and their families more relief from the IRS. In a new interview with PBS NewsHour, Dimon said: say The Earned Income Tax Credit (EITC) should be expanded to cover all low- and moderate-income workers, regardless of whether […]
August jobs report breakdown: Which industries hired the most workers?
Kenny Polcari, chief market strategist at SlateStone Wealth, appeared on “Varney & Co.” to react to August's unemployment rate. Increased employment GDP rose slightly in August but fell short of economists' expectations as job losses in manufacturing, retail and other sectors partly offset gains in other sectors. In its monthly employment report released on Friday, […]
Surge of foreign-born workers remake American jobs market
AFPI Chief Economist Michael Vogtunder will share his views on the U.S. economy at Kudlow's speech. The surge in legal and illegal immigration under the Biden-Harris administration is dramatically changing the overall composition of the U.S. job market. The large increase in immigrant workers has helped ease the labor shortage, but it has also pushed […]