labor

Nearly 48,000 employees of Samsung Electronics (OTC:SSNLF) are preparing to strike following unsuccessful payment discussions. The workers are ready to walk off the job after bonus payment negotiations ended without an agreement, reported Yonhap News on Wednesday. The strike could...

Samsung Electronics (OTC:SSNLF) faces a potential strike by its South Korean labor union next week, despite the company offering to restart unconditional wage negotiations. The Korean chipmaker’s shares plunged nearly 9% in Seoul on Friday. The union has expressed its willingness to engage...

A group of 20 states, with California at the forefront, has initiated a lawsuit against the Trump administration. The legal action is in response to a recent imposition of a $100,000 fee on H-1B visa petitions, which the states argue is not only unlawful but also poses a threat to public...

As the US government shutdown continues and tariff concerns resurface, the US stock market is preparing for a significant challenge. According to the Dow Jones market data, the upcoming week will see Wall Street’s banking behemoths begin their third-quarter company earnings reports,...

Starting in 2026, President Donald Trump plans to crank up the H-1B visa cost to $100,000. This could dramatically reshape how companies approach foreign hiring. That’s over ten times more than what it was under President Joe Biden. Here’s a closer look at what that means for U.S....

Whispers of government manipulation are swirling after a quiet change in how inflation is measured. FCPI ETF has rallied 27% since April’s low. Track live prices here. Since May, just weeks after President Donald Trump reimposed sweeping tariffs, the Bureau of Labor Statistics has leaned...

The U.S. services sector expanded in February 2025 with all four main subindexes expanding for the third consecutive month. However, concerns persist around the impact of tariffs and federal spending cuts.  The Details: The ISM Services PMI unexpectedly increased to 53.5% in February 2025, up...

Rep. Lori Chavez-DeRemer (R-Ore.), a moderate who lost her House seat this month, has been selected by President-elect Donald Trump to lead the Labor Department in his new term. Trump praised Chavez-DeRemer, who first won her seat with just 51% of the vote in 2022 and lost it by a two-point margin...

Analysts regard Boeing Co.’s (NYSE:BA) plans to raise as much as $25 billion through a mixed offering of common stock as a “positive.” What Happened: Alongside this capital raise, the aerospace manufacturer has secured a $10 billion credit agreement with a consortium of leading...

Longshoremen are expected to drop their cargo hooks Tuesday, potentially freezing activity at some of the U.S.’s busiest ports. What Happened: According to the New York Times, a union showdown on the East and Gulf coasts with their employers could halt billions of dollars worth of goods,...

Friday’s lower unemployment figure is a strong indication that the Federal Reserve may cut rates by 0.25% instead of 0.50% when it meets in less than two weeks, economists say. “This is the moment we've all been waiting for and, based on the data, it looks like the Fed won't need to...

Canada’s railway strike could have major impacts on various sectors and companies in the U.S. that rely on goods and commodities from the second-largest company in the world. Canadian National Railway Company (NYSE:CNI) and Canadian Pacific Kansas City Ltd. (NYSE:CP) said they locked out...

Transatlantic container shipping volumes into the U.S. are making a comeback as U.S. retailers look to replenish inventories ahead of possible strike action at U.S. ports. “There is some temptation by customers to bring in goods ahead of the labor contract expiry on Sept. 30,” Hapag-...

Weekly jobless claims rose in the week ending July 27 to a 2024 high. Is this a signal for the state of the labor market or simply noise? The Data: The U.S. Department of Labor released its weekly jobless claims report on Thursday, returning numbers worse than expected. The figure for seasonally-...

The United Auto Workers (UAW)union is calling out the Biden administration for not pursuing accusations of labor abuses by a Mexican subsidiary of Caterpillar Inc. (NYSE:CAT), a U.S. manufacturer of earth-moving equipment. In late June, the administration told a group of unions that it would not...