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Tech earnings reactions, Starbucks' growth plan, Apple's flat growth, Shopify's success. Huge earnings reactions from DoorDash and Roku. United Auto Workers' negotiations with automakers. Stocks on radar: WK Kellogg and Quest Diagnostics.
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- The United Auto Workers' Union reached tentative agreements with automakers Ford, GM, and Stellantis, securing significant gains for its members, including pay raises and improved family leave policies.
- Kellogg aims to leverage its top-selling cereal brands like Frosted Flakes and Rice Krispies to overcome challenges in the face of declining cereal consumption and win over health-conscious consumers.
Deep dives
The UAW strikes deals with automakers
The United Auto Workers' Union reached tentative deals with Ford, GM, and Stellantis, securing significant gains for its members. The agreements include pay raises, the return of cost-of-living adjustments, and improved family leave policies. The UAW also secured better terms for new plants, including joint venture battery plants. While the automakers did not achieve major wins, they avoided agreeing to certain demands such as defined benefit pensions for new workers. Ratification by union members is now awaited for the deals to be finalized.
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