Labor Dispute - Starbucks Workers United strike enters its third week, the longest since 2021, involving over 120 stores in 85+ cities and 200+ baristas [1] - The union represents 11,000 workers at 550 stores and threatens the largest and longest strike in its history, seeking improved hours, higher wages, and resolution of unfair labor practice charges [1][2] - Negotiations between Starbucks and the union have stalled since late last year [2] Company Response - Starbucks states 9% of its 17,000 US locations remain open and anticipates no meaningful disruption during the holiday season [3] - Starbucks claims readiness to negotiate when the union returns to the bargaining table [3] Business Impact - Starbucks reports strong holiday sales, with the best sales day ever when launching its holiday menu and the strongest Red Cup Day in store history [5] - The company indicates the strike has had minimal impact on sales, representing less than 1% of its total store count [4] Future Outlook - The potential exists for the strike to escalate, given 550 unionized stores across the country [6] - The situation remains ongoing for four years, with the union seeking a contract [6]

Group 1 - Striking workers at Boeing Defense have approved a four-year contract proposal from union leadership [1] - The management of Boeing has already refused to consider the proposed contract [1] - The union involved is the International Association of Machinists and Aerospace Workers (IAM) [1]

Group 1 - UPS has resolved several grievances and a local contract dispute, avoiding a major labor crisis and halting strikes in Kentucky and six other states [1][10] - The relationship between Teamsters and UPS remains strained, with allegations of UPS violating the National Master Agreement [2][4] - Teamsters are dissatisfied with UPS for not hiring the promised number of full-time employees and for offering buyout packages to reduce labor costs [3][4] Group 2 - UPS is lagging in delivering air-conditioned vehicles and creating new full-time jobs as per contractual obligations [4][10] - The company is streamlining its delivery network in response to lower parcel volumes and has decided to cut its business with Amazon by 50% by 2026 [5][10] - UPS shares have declined over 31% in the past year, underperforming its industry, and currently trades at a forward price-to-earnings ratio of 12.4X, which is considered expensive [8][9] Group 3 - The Zacks Consensus Estimate for UPS' earnings for 2025 and 2026 has been revised downward over the past 30 days [12] - Current earnings estimates for UPS are $6.58 for 2025 and $7.44 for 2026, down from previous estimates of $7.05 and $7.96 respectively [12] - UPS currently holds a Zacks Rank 4 (Sell) [12]

Summer of stink: Inside America's garbage labour dispute https://t.co/0RY1X2SPHP ...