Industry

Samsung and Union Fail to Reach Deal After Mediation; 18-Day Strike Planned May 21

Post-mediation talks broke down May 13, raising the risk of an 18‑day strike at Samsung, a key player in global memory-chip supply chains.

#samsung, #labor, #semiconductors, #southkorea

Toyota posts higher sales and revenue in FY2026, but operating profit falls after U.S. tariffs cut ¥1.4 trillion

Toyota sold 9.595 million vehicles in FY2026 and revenue rose to ¥50.685 trillion, but operating profit fell after U.S. tariffs cut about ¥1.4 trillion.

$TM, #toyota, #earnings, #tariffs, #automotive

Teamsters launch ULP strike at Breakthru Beverage’s St. Louis distribution center, halting some deliveries

Teamsters say 100+ Breakthru Beverage drivers and warehouse workers in St. Louis have launched an unfair-labor-practice strike over contract disputes, halting some deliveries.

#labor, #teamsters, #breakthru, #stlouis

Coinbase to cut about 700 jobs, citing market weakness and an ‘AI era’ restructure

Coinbase will cut about 700 jobs—roughly 14%—and take $50–60M in restructuring charges amid weak crypto markets and a shift toward AI.

$COIN, #coinbase, #layoffs, #crypto, #restructuring

UK regulator confirms FCA probes into Mastercard, Visa and PayPal over digital wallet funding

The UK FCA confirmed antitrust investigations of Mastercard, Visa and PayPal over how PayPal’s digital wallet is funded and used; no findings yet.

$PYPL, $MA, $V, #antitrust, #payments, #paypal, #visa, #mastercard

Trump Grants Presidential Permit for Bridger Cross‑Border Pipeline; Project Still Faces Reviews and Legal Challenges

President Trump granted a permit April 30 for Bridger’s cross-border pipeline into Montana, but federal and state reviews and legal fights remain.

#pipeline, #energy, #montana, #environment, #infrastructure

DHL Teamsters Ratify Four-Year National Contract by 92%, Winning 20% Raises and AI Protections

Teamsters ratified a four-year national DHL deal, securing a 20% wage increase, higher benefits and explicit safeguards against AI routing and autonomous vehicles.

#labor, #teamsters, #dhl, #union, #ai

Bank of Canada study: Canadian ports' global connectivity fell sharply from 2016 to 2023

Bank of Canada staff research finds a 28% drop in deadweight tonnage through Canadian ports and a marked fall in maritime network connectivity from 2016–2023.

#canada, #shipping, #trade, #bankofcanada, #ports

After Spirit: which ULCC carries the same balance sheet?

Spirit's collapse was structural, not unique. Reading the FY2025 10-Ks of JBLU, ULCC and ALGT side by side, Frontier's debt amortisation profile and 2025 cash burn are closest to the pattern.

$SAVE, $JBLU, $ULCC, $ALGT, #spirit-airlines, #jetblue, #frontier, #allegiant, #ulcc, #airlines, #bankruptcy, #sec-analysis, #sec-filings, #industry

Brazil to Bar Bitcoin and Stablecoin Settlement in Regulated eFX Channel from Oct. 1, 2026

Brazil’s central bank will ban settlement using bitcoin and stablecoins in its regulated eFX cross-border payments channel, effective Oct. 1, 2026.

#brazil, #cryptocurrency, #stablecoins, #payments

Apple Posts Best March Quarter Ever, Raises Dividend and Authorizes $100 Billion Buyback

Apple posted its strongest March quarter—$111.2B revenue—fueled by record iPhone and Services sales; dividend raised and $100B buyback authorized.

$AAPL, #apple, #earnings, #aapl, #technology

STB Says It Received Revised Union Pacific–Norfolk Southern Merger Filing; Completeness Comments Due May 8

Surface Transportation Board received a revised Union Pacific–Norfolk Southern merger filing; comments on completeness are due May 8, 2026.

$UNP, $NSC, #railroads, #mergers, #transportation, #regulation

Caterpillar Q1 Sales and Profit Jump 22% as Tariff Costs Trim Margins

Caterpillar's Q1 sales rose 22% to $17.4B and EPS increased, but higher tariff-related manufacturing costs trimmed profit margins.

$CAT, #caterpillar, #earnings, #manufacturing, #construction

Tether Proposes Merging Twenty One Capital, Strike and Elektron Energy Into One Listed Bitcoin Company

Tether Investments proposed combining public bitcoin firm Twenty One Capital with Jack Mallers’ Strike and miner Elektron Energy to form a listed crypto company.

$XXI, #tether, #bitcoin, #merger, #crypto, #mining

Interior Schedules June 5 ANWR Coastal Plain Lease Sale — First Under 2025 Law

Interior schedules an ANWR Coastal Plain oil-and-gas lease sale for June 5 — the first required under a 2025 law that mandates repeated auctions despite weak bids and pending litigation.

#anwr, #alaska, #oil, #leasing, #environment