SouthState Corp lessened its holdings in JPMorgan Chase & Co. ( NYSE:JPM – Free Report ) by 0.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 152,473 shares of the financial services provider’s stock after selling 81 shares during the period. JPMorgan Chase & Co. makes up about 2.2% of SouthState Corp’s investment portfolio, making the stock its 6th largest position. SouthState Corp’s holdings in JPMorgan Chase & Co. were worth $32,150,000 at the end of the most recent quarter. A number of other large investors have also recently made changes to their positions in JPM. Accredited Investors Inc. raised its stake in shares of JPMorgan Chase & Co. by 4.9% in the second quarter. Accredited Investors Inc. now owns 14,174 shares of the financial services provider’s stock valued at $2,867,000 after acquiring an additional 667 shares during the period. Sunburst Financial Group LLC grew its holdings in JPMorgan Chase & Co. by 5.0% during the 2nd quarter. Sunburst Financial Group LLC now owns 5,651 shares of the financial services provider’s stock valued at $1,143,000 after purchasing an additional 268 shares during the last quarter. Sageworth Trust Co raised its position in JPMorgan Chase & Co. by 37.9% in the 3rd quarter. Sageworth Trust Co now owns 2,860 shares of the financial services provider’s stock worth $603,000 after purchasing an additional 786 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in JPMorgan Chase & Co. by 16.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 692,809 shares of the financial services provider’s stock worth $143,594,000 after purchasing an additional 95,461 shares during the last quarter. Finally, Czech National Bank lifted its stake in JPMorgan Chase & Co. by 7.6% in the second quarter. Czech National Bank now owns 547,224 shares of the financial services provider’s stock worth $110,682,000 after purchasing an additional 38,548 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors. JPMorgan Chase & Co. Price Performance Shares of JPM stock opened at $248.55 on Friday. The stock’s 50-day moving average is $223.14 and its 200 day moving average is $211.90. JPMorgan Chase & Co. has a 1-year low of $152.71 and a 1-year high of $249.15. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $699.75 billion, a P/E ratio of 13.83, a PEG ratio of 3.55 and a beta of 1.10. JPMorgan Chase & Co. Increases Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a $1.25 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is currently 27.82%. Analyst Ratings Changes Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Barclays increased their target price on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Royal Bank of Canada upped their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $229.31. View Our Latest Stock Report on JPMorgan Chase & Co. JPMorgan Chase & Co. Company Profile ( Free Report ) JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking. Featured Articles Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter .
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Oil company Phillips 66 faces federal charges related to alleged Clean Water Act violations LOS ANGELES (AP) — Oil company Phillips 66 has been federally indicted in connection with alleged violations of the Clean Water Act in California. The Texas-based company is accused of discharging hundreds of thousands of gallons of industrial wastewater containing excessive amounts of oil and grease. The U.S. Department of Justice announced the indictment on Thursday. Phillips is charged with two counts of negligently violating the Clean Water Act and four counts of knowingly violating the Clean Water Act. An arraignment date has not been set. A spokesperson for the company said it was cooperating with prosecutors. US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade. The proposed breakup floated in a 23-page document filed late Wednesday by the U.S. Justice Department calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent Android from favoring its search engine. Regulators also want to ban Google from forging multibillion-dollar deals to lock in its dominant search engine as the default option on Apple’s iPhone and other devices. What you need to know about the proposed measures designed to curb Google's search monopoly U.S. regulators are proposing aggressive measures to restore competition to the online search market after a federal judge ruled that Google maintained an illegal monopoly. The sweeping set of recommendations filed late Wednesday could radically alter Google’s business. Regulators want Google to sell off its industry-leading Chrome web browser. They outlined a range of behavioral measures such as prohibiting Google from using search results to favor its own services such as YouTube, and forcing it to license search index data to its rivals. They're not going as far as to demand Google spin off Android, but are leaving that door open if the remedies don't work. SEC Chair Gary Gensler, who led US crackdown on cryptocurrencies, to step down Securities and Exchange Commission Chair Gary Gensler will step down from his post on January 20. Since taking the lead at the SEC, the commission has been aggressive in its oversight of cryptocurrencies and other regulatory issues. President-elect Donald Trump had promised during his campaign that he would remove Gensler, who has led the U.S. government’s crackdown on the crypto industry and repeatedly called for more oversight. But Gensler on Thursday announced that he would be stepping down from his post on the day that Trump is inaugurated. Bitcoin has jumped 40% since Trump’s victory. US intelligence warns defense companies of Russian sabotage threat WASHINGTON (AP) — U.S. intelligence officials are warning American defense companies to increase their security after a wave of sabotage in Europe blamed on Russia. The National Counterintelligence and Security Center issued a public bulletin Thursday advising companies that work in the defense industry that Russia may seek to carry out acts of sabotage as part of its effort to undercut Ukraine's allies and their ability to support Ukraine in its defense against Russia. Western authorities say they believe Russian intelligence is behind several recent acts of sabotage targeting European defense companies. Russia has denied the allegations. Elon Musk's budget crusade could cause a constitutional clash in Trump's second term WASHINGTON (AP) — Donald Trump has put Elon Musk and Vivek Ramaswamy in charge of finding ways to cut government spending and regulations. It's possible that their efforts will lead to a constitutional clash. This week, Musk and Ramaswamy said they would encourage the Republican president-elect to refuse to spend money allocated by Congress, which would conflict with a 1974 law that's intended to prevent presidents from blocking funds. If Trump takes such a step, it would quickly become one of the most closely watched legal battles of his second administration. Musk and Ramaswamy also aim to dramatically reduce the size of the federal workforce. Bitcoin is at the doorstep of $100,000 as post-election rally rolls on NEW YORK (AP) — Bitcoin is jumping again, rising above $98,000 for the first time Thursday. The cryptocurrency has been shattering records almost daily since the U.S. presidential election, and has rocketed more than 40% higher in just two weeks. It's now at the doorstep of $100,000. Cryptocurrencies and related investments like crypto exchange-traded funds have rallied because the incoming Trump administration is expected to be more “crypto-friendly.” Still, as with everything in the volatile cryptoverse, the future is hard to predict. And while some are bullish, other experts continue to warn of investment risks. Cutting in line? American Airlines' new boarding tech might stop you at now over 100 airports NEW YORK (AP) — Sneaking a little ahead of line to get on that plane faster? American Airlines might stop you. In an apparent effort to reduce the headaches caused airport line cutting, American has rolled out boarding technology that alerts gate agents with an audible sound if a passenger tries to scan a ticket ahead of their assigned group. This new software won’t accept a boarding pass before the group it’s assigned to is called, so customers who get to the gate prematurely will be asked to go back and wait their turn. As of Wednesday, the airline announced, this technology is now being used in more than 100 U.S. airports that American flies out of. The official expansion arrives after successful tests in three of these locations. Stock market today: Wall Street rises with Nvidia as bitcoin bursts above $99,000 NEW YORK (AP) — U.S. stocks climbed after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 pulled 0.5% higher Thursday after flipping between modest gains and losses several times in the morning. The Dow Jones Industrial Average jumped 1.1%, and the Nasdaq composite edged up by less than 0.1%. Banks, smaller companies and other areas of the stock market that tend to do best when the economy is strong helped lead the way, while bitcoin briefly broke above $99,000. Crude oil, meanwhile, continued to rise. Treasury yields inched higher in the bond market. What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News? Two television networks with “NBC” in their names — MSNBC and CNBC — will no longer have any corporate connection to NBC News once a spinoff formally takes effect in about a year. Comcast is cutting loose several of its cable companies into a separate company in order to improve its bottom line. It leaves several questions, particularly for MSNBC. Will the news network geared to liberal viewers continue to use NBC News personnel? Will it have to leave its offices and studios at the NBC News headquarters in New York's Rockefeller Center? Will they even keep the same names?
NoneWASHINGTON (AP) — President-elect Donald Trump has selected former White House aide Brooke Rollins to lead the Department of Agriculture in his second administration. Read this article for free: Already have an account? To continue reading, please subscribe: * WASHINGTON (AP) — President-elect Donald Trump has selected former White House aide Brooke Rollins to lead the Department of Agriculture in his second administration. Read unlimited articles for free today: Already have an account? WASHINGTON (AP) — President-elect Donald Trump has selected former White House aide Brooke Rollins to lead the Department of Agriculture in his second administration. Here are some things to know about Trump’s choice and the agency that Rollins would lead if she is confirmed by the Senate. She is a lawyer with agriculture ties — and a strong relationship with Trump Rollins, 52, graduated from Texas A&M University with an undergraduate degree in agricultural development before completing law school at the University of Texas. She served as domestic policy chief during Trump’s first term, a portfolio that included agricultural policy. After leaving the White House, she became president and CEO of the America First Policy Institute, a group helping to lay the groundwork for a second Trump administration. Over the years, Rollins has forged a strong enough relationship with Trump, who has prized proven loyalty in his Cabinet and top adviser picks, that she was among the people floated as a potential White House chief of staff. That job went to Susie Wiles, Trump’s co-campaign manager. Rollins, in an interview earlier this year, called Trump an “amazing boss.” USDA is about more than farms President Abraham Lincoln founded the USDA in 1862, when about half of all Americans lived on farms. The sprawling department now reaches into every American neighborhood, grocery store and school cafeteria. The USDA is the primary agency overseeing the nation’s farming, forestry, ranching, food quality and nutrition. The agency has a dual purpose of promoting and regulating agriculture practice and products. The agency oversees multiple support programs for farmers; animal and plant health; and the safety of meat, poultry and eggs that anchor the nation’s food supply. Its federal nutrition programs provide food to low-income people, pregnant women and young children. And the department sets standards for school meals. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. The next USDA chief could figure prominently in Trump 2.0 Trump did not offer many specifics about his agriculture policies during the campaign. But if he keeps his pledge to impose sweeping tariffs, farmers could be affected quickly — and potentially harshly. During the first Trump administration, countries like China responded to Trump’s tariffs by imposing retaliatory tariffs on U.S. exports like the corn and soybeans routinely sold overseas. Trump countered by offering massive multibillion-dollar aid to farmers to help them weather the trade war. The ripple effects could extend to consumers’ grocery bills, as well. When things are going smoothly, agriculture secretaries are not usually prominent faces of an administration. But when the nation’s food supply is at issue, it could be another story. ___ Gomez Licon reported from Fort Lauderdale, Florida. Advertisement Advertisement
Actress Blake Lively was arguably the internet's public enemy number one for a couple of weeks in the summer. She's now filed an explosive legal case that she claims lifts the lid on "sinister" tactics used to harm reputations in Hollywood - and which is making people question who and what to believe. Blake Lively had always been a pretty inoffensive kind of actress. She had been in successful TV shows and films, like Gossip Girl and The Sisterhood of the Travelling Pants. She married fellow superstar Ryan Reynolds. She's friends with Taylor Swift. Then in August, while promoting her latest movie It Ends With Us, she suddenly became controversial , to the verge of being cancelled . She was criticised for comments appearing to downplay domestic violence, the film's theme; while awkward old interviews were resurfaced and repurposed as evidence of bullying behaviour. Public opinion - at least among those who knew and cared - seemed to have turned against her. Then the film came out, the furore died down, and social media moved on. But Lively has now filed a legal case that claims she suffered sexual harassment by It Ends With Us co-star and director Justin Baldoni - and that when she complained, he and his studio Wayfarer retaliated by waging a campaign to "destroy" her reputation. She was the subject of "a sophisticated, co-ordinated, and well-financed retaliation plan" designed "to silence her", involving a "weaponised a digital army" and fake stories being fed to "unwitting reporters", her lawyers have alleged - and that's why she became the focus of negative publicity. Her lawyers have published text messages sent between Baldoni's publicist Jennifer Abel and Melissa Nathan, a crisis communications specialist hired by his studio to help manage the harassment complaint. They appear to give a rare glimpse into conversations that are normally kept well out of the spotlight. Nathan pitched a strategy to "start threads of theories" on social media, to "create, seed, and promote content that appeared to be authentic", and engage in "social manipulation", according to the legal papers. "You know we can bury anyone," Nathan wrote to Abel in one damning discussion. Now, the people hired to do crisis PR for Baldoni are doing crisis PR for themselves. Abel has said Lively's lawyers "cherry picked" messages to include in their case without crucial context, and that there was "no 'smear' implemented". "No negative press was ever facilitated, no social combat plan, although we were prepared for it as it's our job to be ready for any scenario. "But we didn't have to implement anything because the internet was doing the work for us." The backlash against Lively occurred naturally and didn't need their help, Abel said. Lawyer Bryan Freedman, representing Baldoni and his studio as well as Abel and Nathan, echoed that. He said Baldoni hired a crisis manager due to "multiple demands and threats" allegedly made by Lively, including "threatening to not [show] up to set, threatening to not promote the film, ultimately leading to its demise during release, if her demands were not met". He said the plan drawn up by Nathan's firm "proved unnecessary as audiences found Lively's own actions, interviews and marketing during the promotional tour distasteful, and responded organically to that, which the media themselves picked up on". Overall, Freedman called Lively's complaint "shameful" and full of "categorically false accusations". In recent days, Lively has received support from a string of former co-stars and others in Hollywood. The name of one of her supporters stands out. Amber Heard, former wife of Johnny Depp, told NBC : "Social media is the absolute personification of the classic saying, 'A lie travels halfway around the world before truth can get its boots on.' "I saw this firsthand and up close. It's as horrifying as it is destructive." Heard was on the receiving end of social media hostility during two high-profile libel trials involving Depp in the UK and US in 2020 and 2022. Nathan also reportedly worked for Depp. Freedman responded to Heard by saying the only connection between her and Lively was that "for decades every move they have made has been out there for everyone to see" so the public could "make up their own minds - which they did, organically". Tortoise Media head of investigations Alexi Mostrous, who hosted a podcast called Who Trolled Amber? earlier this year examining the abuse she received, said there were parallels. "In both the Blake Lively case and the Amber Heard case, you see PR companies working with digital media specialists and other 'contractors' to promote online stories beneficial to their wealthy clients in ways that are opaque and not well understood," he told BBC News. "It's an unregulated world where all sorts of tactics can take place behind closed doors." Variety said Lively's case "lays bare a show business process that's meant to operate in the shadows – the hiring of expensive crisis communications experts to sway opinion and uplift clients". Her allegations suggest a "sinister shadow campaign" that went "beyond what most publicity firms in Hollywood see as acceptable", The Wrap's Sharon Waxman wrote . According to Rory Lynch, partner and head of reputation management law at Gateley Legal, it is "quite a common tactic" in Hollywood and business disputes to "have PRs on both sides planting negative stories, sometimes false stories, about the opposition". "Even back in the golden era of Hollywood, there were rumours that Richard Burton and Elizabeth Taylor were using PR professionals to negatively brief against each other." However, the PR people who worked for Baldoni and his studio "dropped the ball a little bit" by discussing tactics in texts, he told BBC News. "It doesn't surprise me, especially in the US and Hollywood, that you've got quite aggressive crisis PR people. "But the fact that they put that in writing, I think, was possibly not the wisest thing. Normally they might do something like that over the phone." Lively herself is "a sophisticated operator" who will "have her own PR people working away in the background as well", Lynch added. The New York Times , which broke the story of Lively's complaint at the weekend, said she "denied that she or any of her representatives planted or spread negative information about Mr Baldoni or Wayfarer". The paper also pointed out that "it is impossible to know how much of the negative publicity" towards Lively was originally seeded by those working on behalf of Baldoni, "and how much they noticed and amplified". Many fans who turned against Lively now see the situation in a different light. "We are so able to be manipulated into hating a woman that all it takes is a co-ordinated PR effort for us to switch sides against a domestic abuse victim, or a long-beloved American sweetheart," wrote Maddy Mussen in the Standard . "Now our eyes are open, will we be harder to fool? Or will we still want any excuse to turn on a famous woman who is suddenly, in our eyes and the eyes of the ones manipulating us, no longer worthy?" The Guardian's Laura Snapes wrote that she and her friends had now "looked back, horrified, on what we had said about her in recent months". She added: "Lively's complaint has left my head spinning. What can you really trust?"Carolina Panthers quarterback Bryce Young was benched ahead of Week 3, but was thrust back into the starting role after Andy Dalton's injury. Since Young's return, the Panthers have defeated the New Orleans Saints, and New York Giants, and only lost a nail-biter to the Kansas City Chiefs. More News: Former Chiefs' Player's Family Says NFL Treats CTE Victims as 'Throwaways' Young was electric against the Chiefs, completing 21 of 35 passes, tallying 282 total yards, and no interceptions. Young finished the 30-27 loss to Kansas City with a 92.8 passer rating, his best of the season. Panthers head coach Dave Canales spoke on Young's weekly progress since his return to the starting role. "I don't have to make any statements, he's making it for himself," Canales said. "He's continuing to show us the progress we're looking for, bringing our skilled players to life. Talking about Bryce, it's the coaching staff, it's his teammates, he's showing us what he can do when he's out there." Despite losing to the Chiefs, Young proved his value to Carolina as he helped the team nearly beat a legitimate playoff contender. Only three teams have put up 25-plus points against the Kansas City defense: Joe Burrow and the Cincinnati Bengals, Josh Allen and the Buffalo Bills, and Young and the Panthers. The Panthers were down 20-6 at the half against the Chiefs, but Young helped the team in its efforts to take Kansas City to the brink. Compared to his first two starts of the season, Young looks like a completely different player in his recent starts. "When I see Bryce out there, I think 'Oh that's the Alabama Bryce,'" Panthers linebacker Trevin Wallace said. "Like that's cold. I love seeing him go make them plays. A lot of people I feel like doubted him a bit. Now he's showing the doubters wrong and I love that about Bryce." Young has made a steady progression in his fourth straight start since reclaiming the starting role in Carolina after Dalton's accident. Against the Giants in Munich, Young was 15 of 25 for 126 yards and a score. Against the Saints, Young led the Panthers on a game-winning touchdown drive. Originally, Canales said he would decide whether Young was the starting quarterback week-to-week. However, Young's recent performance changed Canales' tone when he was asked if the 23-year-old quarterback would get the start next week. "Absolutely," said Canales. For more on the NFL , head to Newsweek Sports .
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Starbucks workers are walking off the job at hundreds of stores across dozens of cities on Tuesday, their union says, on the last planned day of what it is calling “the strike before Christmas.” “Starbucks Baristas at over THREE HUNDRED stores have walked off the job to demand Starbucks bargain a fair contract from coast-to-coast,” Starbucks Workers United (SBU) wrote in an Instagram post , touting it as the largest unfair labor practices strike in the coffee chain’s history. The union says the strike is in response to Starbucks backtracking on its commitment to negotiate a “ foundational framework ” — for collective bargaining and resolving outstanding litigation on unfair labor practices charges — by the end of the year. “Our unfair labor practice (ULP) strikes will begin Friday morning and escalate each day through Christmas Eve ... unless Starbucks honors our commitment to work towards a foundational framework,” it said last week. The strike began on Friday in three cities: Los Angeles, Seattle and Chicago. It has expanded every day since, with the list of participating stores now including Boston, Buffalo, Cleveland, Dallas, Denver, Minneapolis, Philadelphia, Pittsburgh, Portland, Seattle and San Jose. Exton Starbucks baristas petition for union election The filing in Exton is the first at a Starbucks in Chester County since workers at the coffee behemoth began organizing in 2021. 5 months ago Starbucks said Monday that about 60 stores nationwide were closed due to the strike, but stressed that that the “overwhelming majority” of its more than 10,000 U.S. locations remain unaffected. It said some of the stores that closed during the weekend had already reopened. “The public conversation may lack the important context that the vast majority of our stores (97-99%) will continue to operate and serve customers, and we expect a very limited impact to our overall operations,” Executive Vice President Sara Kelly said in a statement. The union is urging customers to boycott Starbucks stores during the strike and show up at picket lines to show their support for workers. Why baristas are striking SWU, which first unionized in 2021, represents some 10,000 employees across 535 U.S. stores. It celebrated a milestone in February when Starbucks said it would work with the union to reach a labor agreement and resolve litigation by the end of the year. But last week, with matters still unsettled ahead of the last scheduled bargaining session of 2024, a whopping 98% of union partners voted to authorize a strike to “to protest hundreds of still-unresolved unfair labor practice charges (ULPs) and win a strong foundational framework for union contracts.” The union acknowledged that both sides have engaged in “hundreds of hours of bargaining” and “advanced dozens of tentative agreements” in recent months. But it said hundreds of complaints accusing Starbucks of unfair labor practices — including retaliatory firings — remain unsettled, with more than $100 million in legal liabilities still outstanding. Plus, it said, the company “has yet to bring a comprehensive economic package to the bargaining table.” Starbucks’ latest proposal included no immediate wage increase for union baristas, and a guarantee of just 1.5% wage increases in future years. The union called that “insulting,” especially compared to the salary of its new CEO , who started in September. “This year, Starbucks invested $113 million into CEO Brian Niccol’s compensation package at a time when baristas’ wages aren’t keeping up with the cost of inflation,” it said. “Workers regularly struggle to receive the hours we need to qualify for benefits and pay our bills. Starbucks needs to invest in the workers who run their stores.” Workers at University City Starbucks vote 14-2 to join national union Workers at the Starbucks at 39th and Walnut Streets joined a growing national movement. They want fair wages, better scheduling and more. 12 months ago Ruby Walters, who works at a Starbucks location in Columbus, told member station WOSU from the picket line over the weekend that most workers “have a very similar experience of the company not affording them enough resources that they need, not only to take home and improve their lives, but literally on the job.” “So as far as I’m concerned, what we’re fighting for isn’t just for us,” Walters added. “It’s for all Starbucks workers across the country.” What Starbucks is saying Kelly, the Starbucks executive, said the union’s proposals amount to an increase in the hourly minimum wage of 64% immediately and 77% over three years, which she dismissed as unrealistic. “These proposals are not sustainable, especially when the investments we continually make to our total benefits package are the hallmarks of what differentiates us as an employer — and, what makes us proud to work at Starbucks,” she said. Those benefits include health care, free college tuition, paid family leave and company stock grants, Starbucks says, adding that the combination of average pay and benefits equates to an average of $30 per hour for the vast majority of baristas working at least 20 hours per week. The union is asking for a base wage of at least $20 an hour for all baristas with annual 5% raises and cost of living adjustments, enrollment in a Starbucks-sponsored retirement plan, more consistent schedules, enhanced paid leave protocols and better healthcare, among other initiatives. In the final stretch of the four-day strike, it is calling on Starbucks to present a “serious economic offer at the bargaining table.” The company, for its part, says the union “prematurely ended” the most recent bargaining session and is urging it to come back. “The union chose to walk away from bargaining last week,” Kelly said. “We are ready to continue negotiations when the union comes back to the bargaining table.” Get daily updates from WHYY News! The free WHYY News Daily newsletter delivers the most important local stories to your inbox. WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.
Winless in rivalry, Dan Lanning, No. 1 Oregon determined to tame HuskiesMonport Cyber Monday Mega Sale: Final Chance to Save Big on Laser Machines This 2024
A role reversal doomed the No. 22 Xavier Musketeers in their only loss of the season, against Michigan at the Fort Myers Tip-Off on Wednesday. Normally a team that avoids committing turnovers and pressures its opponent into making them, Xavier (6-1) will try to recapture its early-season winning form when it hosts South Carolina State on Sunday in Cincinnati. Through their six wins, the Musketeers had just 58 turnovers while forcing 82 by their opponents. But against the Wolverines, they lost the turnover battle 19-10 and the game 78-53. The Musketeers committed 14 turnovers in the first half and fell behind 41-30. Xavier head coach Sean Miller credited his team for typically playing an up-tempo style while avoiding mistakes, while also acknowledging that the turnover bug really bit them against the Wolverines. "We lost to a really good team; no shame in that," Miller said. "We, on top of that, didn't play well." "And that (avoiding turnovers) is something you (usually) do well? That's going to be hard to overcome against a quality team like Michigan." Leading scorer Ryan Conwell (17.6 points per game) gave the Musketeers a boost with 19 points. Zach Freemantle, second on the team at 15.4 ppg, added 14 points and 10 rebounds. Problematically, however, they also contributed to the turnover problem with three apiece. "We didn't play well enough to win the game," Miller said. "The game got out of hand. It's not like our guys quit. Their depth just continued to wear on us." The Musketeers also get 11 points and a team-high 4.4 assists per game from Dayvion McKnight. The guard had just one turnover against Michigan, but he also made just one of his eight shot attempts. Xavier may have an opportunity get right in the turnover area against the Bulldogs (4-4), who are No. 207 in the NCAA in assist-to-turnover ratio at 1.11. South Carolina State is fresh off an 82-53 road loss to Marshall on Wednesday, in a game in which turnovers weren't a huge problem. But assists and made shots were hard to come by for the Bulldogs. Leading scorer Drayton Jones (12.0 ppg) again paced his team in points with 10 vs. Marshall, but the Bulldogs as a team managed just six assists and shot terribly at the 3-point (18.8 percent) and the free-throw (47.1 percent) lines. Jones is also the team's leading rebounder with 5.1 a game, but no Bulldogs player is averaging more than two assists. It's all part of the learning process for coach Erik Martin, whose first team went 5-26 in 2022-23. The Bulldogs improved to 14-18 last season, including 9-5 in the Mid-Eastern Athletic Conference. "The only way you can grow sometimes is by failure or by struggling," Martin said this offseason. "You have to fail in order to learn how to deal with failure and move on and become the person you're supposed to be." --Field Level Media
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