Wall Street sees potential upsides of UAW auto strikes

United Auto Workers members on strike picket outside General Motors' Detroit-Hamtramck Assembly plant in Detroit, Sept. 25, 2019.Michael Wayland / CNBCDETROIT – Many on Wall Street view potential strikes by United Auto Workers against the Detroit automakers as largely manageable – even seeing investment opportunities.Some believe potential strikes are...

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SpaceX near rocket market monopoly is ‘huge concern:’ Lazard banker

Vikram Nidamaluri, Managing Director of Telecom, Media, and Entertainment at Lazard, speaks during a panel at the World Satellite Business Week conference on Sept. 11, 2023.Michael Sheetz | CNBCPARIS – A Lazard investment banker sounded the alarm about the dominance of Elon Musk's SpaceX in the rocket launch market,...

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Macy’s chain Bloomingdale’s taps Olivier Bron as its next CEO

Shoppers walk past a Bloomingdale's store in the SoHo neighborhood of New York, US, on Wednesday, Dec. 28, 2022.Victor J. Blue | Bloomberg | Getty ImagesMacy's said Tuesday that it has tapped international retail executive Olivier Bron as the next CEO of its upscale department store, Bloomingdale's.Bron will succeed...

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UPS CEO Carol Tome sells investors on new Teamsters labor contract

UPS CEO Carol Tome introduces U.S. President Donald Trump for an event at a UPS facility at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S., July 15, 2020. Jonathan Ernst | ReutersUPS CEO Carol Tome said the costs incurred by the company for the new Teamsters contract are less than...

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FDA approves new shots from Pfizer, Moderna

A health-care worker prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, Jan. 26, 2022.Vanessa Leroy | Bloomberg | Getty ImagesThe Food and Drug Administration on Monday approved updated Covid vaccines from Pfizer and Moderna, putting the shots...

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