U.S. East Coast port strike set to start Tuesday, union says

U.S. East Coast port strike set to start Tuesday, union says


Cranes stand over shipping containers at Port Newark on March 26, 2024.

Spencer Platt | Getty Images

A port strike on the U.S. East Coast and Gulf of Mexico will go ahead starting on Tuesday, the International Longshoremen’s Association union said on Sunday, signaling action that could cause delays and snarl supply chains.

“United States Maritime Alliance … refuses to address a half-century of wage subjugation,” the union said in a statement. The United States Maritime Alliance, known as USMX, represents employers of the East and Gulf Coast longshore industry.

If union members walk off the job at ports stretching from Maine to Texas, it would be the first coast-wide ILA strike since 1977.

It was not clear if any negotiations were taking place or planned before the midnight Monday deadline.

Earlier, President Joe Biden said he did not intend to intervene to prevent a walkout if dock workers failed to secure a new contract by an Oct. 1 deadline.

“It’s collective bargaining. I don’t believe in Taft-Hartley,” he told reporters.

Presidents can intervene in labor disputes that threaten national security or safety by imposing an 80-day cooling-off period under the federal Taft-Hartley Act.



Source

Amazon halts plans for drone delivery in Italy
World

Amazon halts plans for drone delivery in Italy

Amazon’s new MK30 Prime Air drone is displayed during Amazon’s “Delivering the Future” event at the company’s BFI1 Fulfillment Center, Robotics Research and Development Hub in Sumner, Washington on Oct. 18, 2023. Jason Redmond | AFP | Getty Images Amazon said on Sunday it has decided not to ⁠pursue plans to deliver goods by drone […]

Read More
Top Wall Street analysts are confident about these 3 dividend-paying stocks
World

Top Wall Street analysts are confident about these 3 dividend-paying stocks

A Chevron gas station in San Francisco, California, US, on Tuesday, Oct. 28, 2025. Jason Henry | Bloomberg | Getty Images Heading into 2026, investor focus could shift from fixed-income instruments to attractive dividend stocks, given a lower interest rate backdrop. Picking the right names from a vast universe of dividend-paying companies is a challenging […]

Read More
The political divide in Washington could send ripples through the market in the new year
World

The political divide in Washington could send ripples through the market in the new year

Friction in Washington shouldn’t be counted out as a threat to equity performance in 2026 just yet. The market has been strong heading into the new year, with the S & P 500 hitting all-time intraday and closing highs in the past week alone. Year to date, the broad market index has soared nearly 18%, […]

Read More