JPMorgan (NYSE: JPM) saw some profit-taking as the stock dipped 3% following a strong, third-quarter earnings report in which the company exceeded analysts' estimates for nearly every metric. One tailwind for JPMorgan and all bank stocks has been that the economy has done much better than feared more than a year ago.Thus, the company is able to remove its loan-loss reserves which added $1.5 billion to earnings this quarter. JPMorgan is a well-diversified bank in terms of its...
As of Thursday, October 7, less than 5% of Africans had been fully vaccinated against the novel coronavirus. While wealthier countries have been buying up COVID-19 shots en masse, poorer nations and the World Health Organization (WHO) have been pleading with pharmaceutical companies to start manufacturing drugs on the underserved continent."We expect to manufacture our COV...

The International Alliance of Theatrical Stage Employees (IATSE) has set a strike deadline for Monday, October 18, pending the outcome of negotiations with production companies. IATSE's deadline comes after strikes by food production and auto industry unions.

Negotiations between IATSE and the Alliance of Motion Picture and Television Producers (AMPTP) have been tense and protracted, with studios reportedly entrenching themselves after a weekend of talks.

"However, the pace of bargaining doesn't reflect any sense of urgency," IATSE President Matthew Loeb said in the union's press release. "Without an end date, we could keep talking forever. Our members deserve to have their basic needs addressed now."

The vote empowering Loeb to strike the deadline came last week; at 90% turnout, IATSE members voted overwhelmingly by a margin of over 98% to authorize the calling of a strike. A national strike is a first for the union, which has historically proven reluctant to take more drastic steps during negotiations.

If the vote margin wasn't enough, however, the social media accounts of many IATSE members have been active as of late. Members have taken to sites like Facebook (NASDAQ: FB) and Twitter (NYSE: TWTR), posting pictures of strike banners and signs and expressing readiness.

The motivation of the union's members to strike isn't surprising, given the...

Global Energy Crunch Soon To Become a Cr... Weather conditions, surging demand, and declining supply have driven up the price of natural gas across the globe. With winter incoming and...
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Carnival Cruises Sells Off Following Ear... Carnival Cruises (NYSE: CCL) opened 6% higher following its Q3 earnings report which was better than expected despite the company continuing...
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Apple Appeals September Ruling From its... Apple (NASDAQ: AAPL) is seeking to keep its iron grip on the App Store for a few years longer, or at least keep its 30% commission on all in...
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Warby Parker Slightly Lower Since Debut Warby Parker (Nasdaq: WRBY) made its debut in late September, which continues a trend of many online-facing brands like Allbirds, Fabletics,...
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Uber Will Now Track Your Flight and Wait... Uber Technologies (NYSE: UBER) announced recently that customers will now have the option of booking rides up to 30 days beforehand or make...
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