ALL THE MONEY NEWS YOU NEED TO KNOW | | | |
Good morning. It's Bailey Schulz here to bring you the day's top headlines. |
It's day four of the United Auto Workers strike, in which members' demands include a 40% wage increase, increased benefits, a reduced workweek and more paid time off. |
People interviewed by the Detroit Free Press, part of the USA TODAY Network, said the union will likely have to accept that it will not win a 32-hour workweek for 40 hours of pay. But if the Detroit Three carmakers (General Motors, Ford and Stellantis) meet other demands – including a cost-of-living adjustment – the strike may end sooner than anticipated. |
"If the unions are clever ... with the right mindset, they can win," said Balbinder Singh Gill, assistant professor of finance and labor expert at Stevens Institute of Technology in Hoboken, New Jersey. "I think carmakers are pressing to find a deal. It depends on the union and what is the line that they cannot go below and it depends on what the companies cannot give them. Then you find the right balance for structuring the deal." | UAW President Shawn Fain walks on Friday with dozens of United Auto Workers during a rally outside the UAW-Ford Joint Trusts Center in Detroit. David Rodriguez Munoz / USA TODAY NETWORK |
Employees across industries are taking to the picket lines |
In California, most of the state's 500,000 fast food workers will be paid at least $20 per hour next year after a deal was announced earlier this week between labor unions and industries. A separate bill will increase health care workers' salaries to at least $25 per hour over the next 10 years. |
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It's National Cheeseburger Day, which means chains across the U.S. are grilling up wallet-friendly deals. Some of the limited-time bargains include: |
| • | Applebee's is offering its Classic Cheeseburger, Classic Burger and Classic Bacon Cheeseburger with fries for $8.99. | | • | Any purchase at Wendy's comes with a $.01 Jr. bacon cheeseburger from Sept. 18-22. | | • | Double cheeseburgers at McDonald's are only $0.50 when customers order exclusively through the McDonald's App. | | • | Royal Perks account members at Burger King can get a free cheeseburger if they make a purchase of $1 or more. | |
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. | | | | The list of union demands is long and expensive, but getting a deal might be closer at hand than it appears if automakers offer certain things. | | | | In California, nearly 1 million fast food and healthcare workers are set to get a major raise after a deal was announced earlier this week. | | | | Sept. 18 is National Cheeseburger Day. Where to get the best deals, from freebies to BOGOs, at McDonald's, Applebee's, Burger King, Wendy's and more. | | | | The newest operating system from Apple, iOS 17, is set to be released Monday. Here's what to know about it. | | | | Whether it's Buick, Mercedes or BMW, these SUVS combine dependability and luxury. | | | | Shawn Fain's election was seen as a sea change in the world of automaking. | | | | Generac has received reports of the generators overheating and pressurizing or expelling fuel when open. | | | | Hours after 13,000 workers walked off the job, Biden encouraged auto makers to share profits with striking UAW members and other industry workers. | | | | Think through your financial options and life goals before making plans for your sudden wealth. | | | | Recent VHS tapes of iconic movies like "Back to the Future" and classic Disney films are being sold for hundreds and even thousands on eBay. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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