Aluminum prices have surged over 13% since the U.S.-Iran conflict began, reaching their highest levels since 2022. This spike is driven by supply disruptions from the shutdown of the Strait of Hormuz and damage to Middle East facilities, cutting about 10% of global supply. Companies like Ford and Molson Coors are facing increased costs, with Ford expecting commodity headwinds to exceed $2 billion due to aluminum price hikes. Wall Street analysts predict limited supply growth in 2026, suggesting continued price pressure ahead.
BlackRock, Carhartt, Ford Motor Company, and Google have formed the Alliance for America's Skilled Trades to expand access to skilled trades training and address the growing shortage of skilled labor in the US. This coalition aims to create pathways ...
General Motors will report its second-quarter earnings before the market opens, with analysts expecting adjusted earnings per share of $3.20 and revenue of $47.01 billion. This would represent a 26% increase in earnings per share but a slight 0.2% de...
Kurt Kromm, a Ford electrician, was wrongly accused of stealing a $1.95 pack of cookies due to a glitch in a self-checkout kiosk at Ford’s Kentucky Truck Plant. Despite showing proof of payment and being reinstated with back pay, Kromm rejected the j...
A California man filed a class-action lawsuit against Ford, claiming the automaker plans to keep a $1.3 billion tariff-related financial benefit while maintaining higher vehicle prices charged to customers. The suit alleges Ford raised prices on mode...
