Live news: Asian stocks open higher as dovish Fed comments buoy markets

Workers at Ford’s biggest plant have walked off the job as the United Auto Workers’ strike expands.

About 8,700 workers began striking at Ford’s Kentucky Truck Plant plant in Louisville. The company said the plant generates about $25bn in revenue a year.

The union went on strike against Ford, General Motors and Stellantis last month. This increases the number of strikers to nearly 34,000.

“It’s time for a fair contract at Ford and the rest of the Big Three,” UAW president Shawn Fain said in a tweet. “If they can’t understand that . . . shutting down this extremely profitable plant will help them understand it.”

Ford called the move “grossly irresponsible but unsurprising” given the union’s strategy of creating chaos at the Detroit carmakers.

Articles You May Like

Financial services firms looking for a Basel III rewrite
Global stocks and Asian currencies slide on US rate cut reticence
Muni AAA yields are at highs for year
What UK water can learn from global banking
Here are some tips for homebuyers to save on costs with newly built homes, experts say