this post was submitted on 09 Aug 2023
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UPS says its profit will fall after it reaches a Teamsters deal (edition.cnn.com)
submitted 2 years ago by fuckReddit@infosec.pub to c/socialism@lemmy.ml
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UPS’s tentative labor deal with the Teamsters hasn’t even taken effect yet. But it has already taken a bite out of its earnings and revenue, as both fell in the second quarter ahead of the deal being reached.

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[–] s20@lemmy.ml 36 points 2 years ago (1 children)

…

And?

[–] GillyGumbo@lemmy.world 18 points 2 years ago

And stocks fall so people get big mad. Crazy how speculative markets basically rule policy and public opinion.