Port Strike

Retailers and politicians reacted to the International Longshoremen's Association (ILA) and U.S. Maritime Alliance’s (USMX) tentative deal to end the ongoing port strike. What Happened: East Coast dockworkers went on strike Tuesday following their contract lapse with port employers. The...

Sen. Bernie Sanders (I-Vt.), on Thursday, praised the 50,000 port workers who successfully secured a significant wage increase following their strike against the shipping industry’s “outrageous corporate greed.” What Happened: The Vermont senator attached a statement in solidarity...

President Joe Biden has commended the agreement reached between the International Longshoremen's Association (ILA) and the U.S. Maritime Alliance (USMX), effectively ending a port strike that threatened to disrupt the U.S. economy. What Happened: The agreement, which was announced on Thursday, was...

Investors are reacting to multiple events that could impact the values of stocks and sectors in the coming weeks, as Iran launched a missile attack on Israel Tuesday, raising tensions in the Middle East. Middle East Conflict: Iran’s attack on Israel came in retaliation for the killing of...

Rivian Automotive, Inc. (NASDAQ:RIVN) shares fell nearly 7% Tuesday while port workers striked and conflict escalated in the Middle East.  The Details: Port workers represented by the International Longshoremen’s Association (ILA) walked off the job Tuesday after the labor contract between...

In a report published Thursday, Morgan Stanley analyst Kimberly Greenberger previewed the Specialty Retail & Department stores ahead of the group's second-quarter results which will "likely" be "uneventful." According to Greenberger, trends in the second quarter...