Trump offers support for dockworkers union by saying ports shouldn’t install more automated systemsBy JOSH BOAK WASHINGTON (AP) — President-elect Donald Trump on Thursday voiced his support for the dockworkers union before their contract expires next month at Eastern and Gulf Coast ports, saying that any further “automation” of the ports would harm workers. Related Articles National Politics | Will Kamala Harris run for California governor in 2026? The question is already swirling National Politics | Senate begins final push to expand Social Security benefits for millions of people National Politics | Trump taps immigration hard-liner Kari Lake as head of Voice of America National Politics | Trump invites China’s Xi to his inauguration even as he threatens massive tariffs on Beijing National Politics | Pressure on a veteran and senator shows what’s next for those who oppose Trump The incoming president posted on social media that he met Harold Daggett, the president of the International Longshoreman’s Association, and Dennis Daggett, the union’s executive vice president. “I’ve studied automation, and know just about everything there is to know about it,” Trump posted. “The amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers, in this case, our Longshoremen. Foreign companies have made a fortune in the U.S. by giving them access to our markets. They shouldn’t be looking for every last penny knowing how many families are hurt.” The International Longshoremen’s Association has until Jan. 15 to negotiate a new contract with the U.S. Maritime Alliance, which represents ports and shipping companies. At the heart of the dispute is whether ports can install automated gates, cranes and container-moving trucks that could make it faster to unload and load ships. The union argues that automation would lead to fewer jobs, even though higher levels of productivity could do more to boost the salaries of remaining workers. The Maritime Alliance said in a statement that the contract goes beyond ports to “supporting American consumers and giving American businesses access to the global marketplace – from farmers, to manufacturers, to small businesses, and innovative start-ups looking for new markets to sell their products.” “To achieve this, we need modern technology that is proven to improve worker safety, boost port efficiency, increase port capacity, and strengthen our supply chains,” said the alliance, adding that it looks forward to working with Trump. In October, the union representing 45,000 dockworkers went on strike for three days, raising the risk that a prolonged shutdown could push up inflation by making it difficult to unload container ships and export American products overseas. The issue pits an incoming president who won November’s election on the promise of bringing down prices against commitments to support blue-collar workers along with the kinds of advanced technology that drew him support from Silicon Valley elite such as billionaire Elon Musk. Trump sought to portray the dispute as being between U.S. workers and foreign companies, but advanced ports are also key for staying globally competitive. China is opening a $1.3 billion port in Peru that could accommodate ships too large for the Panama Canal. There is a risk that shippers could move to other ports, which could also lead to job losses. Mexico is constructing a port that is highly automated, while Dubai, Singapore and Rotterdam already have more advanced ports. Instead, Trump said that ports and shipping companies should eschew “machinery, which is expensive, and which will constantly have to be replaced.” “For the great privilege of accessing our markets, these foreign companies should hire our incredible American Workers, instead of laying them off, and sending those profits back to foreign countries,” Trump posted. “It is time to put AMERICA FIRST!”
Dollar Tree ( NASDAQ:DLTR – Get Free Report ) had its price target raised by equities researchers at Citigroup from $64.00 to $76.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 5.75% from the company’s current price. Other analysts also recently issued reports about the stock. Jefferies Financial Group lifted their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Guggenheim decreased their price objective on Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, September 6th. UBS Group cut their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and an average price target of $85.58. Check Out Our Latest Research Report on DLTR Dollar Tree Price Performance Dollar Tree ( NASDAQ:DLTR – Get Free Report ) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. During the same period in the prior year, the business earned $0.97 earnings per share. Dollar Tree’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar Tree will post 5.35 EPS for the current fiscal year. Institutional Trading of Dollar Tree A number of institutional investors have recently modified their holdings of the company. Strategic Financial Concepts LLC bought a new position in Dollar Tree during the 2nd quarter valued at approximately $26,000. Mather Group LLC. grew its position in shares of Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares during the last quarter. Eastern Bank purchased a new position in shares of Dollar Tree during the third quarter valued at approximately $34,000. First Horizon Advisors Inc. increased its stake in shares of Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares during the period. Finally, Sunbelt Securities Inc. raised its holdings in shares of Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after acquiring an additional 554 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors. Dollar Tree Company Profile ( Get Free Report ) Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise. Further Reading Five stocks we like better than Dollar Tree What is Short Interest? How to Use It Trinity Capital CEO on Leading Private Credit’s High-Yield Growth 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion Lululemon Surges On Q3 Report: Analysts Step in To Support Market What is a Death Cross in Stocks? 10 Safe Investments with High Returns Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter .The Dallas Cowboys are shutting down CeeDee Lamb for the rest of the season after the star wideout played through a shoulder injury for nearly two months. Lamb initially sprained the AC joint in his right shoulder on Nov. 3 but has not missed any of the Cowboys' first 15 games this season. "Additional examinations and scans this week on CeeDee Lamb's shoulder have determined that his injury has now progressed to a point that he will be listed as ‘Out' for the remaining two games of the season," a team spokesperson said in a statement to media outlets. "He will undergo a process of treatment and rehabilitation for his shoulder, is not currently expected to require surgery and is projected to make a full recovery." The Cowboys (7-8), eliminated from playoff contention, face two division rivals to close the season. They visit the Philadelphia Eagles on Sunday and will host the Washington Commanders in Week 18. Lamb, 25, hauled in 101 receptions for 1,194 yards and six touchdowns this season. It marked his fourth straight 1,000-yard season, and he may be selected to a fourth straight Pro Bowl for his efforts. Lamb signed a four-year, $136 million contract extension in August, covering the 2025-28 seasons. --Field Level Media
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