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CBS News
24 minutes ago
- CBS News
As negotiations continue between District Council 33, city of Philadelphia, here's what we know so far
After Philadelphia's AFSCME District Council 33 went on strike Tuesday, July 1, CBS News Philadelphia has published dozens of articles, videos and social media posts documenting the labor talks and what the city and union are saying about the strike. DC 33 represents nearly 9,000 blue-collar city workers and is the city's largest blue-collar worker union. Members of DC 33 work within the sanitation and water departments, as well as in roles such as 911 dispatchers, crossing guards, morgue employees, airport staff and more. If you haven't been following along or want a refresher, CBS News Philadelphia has been following these labor talks since 2024. Here's a timeline of what we know about the last year leading up to the Philly union workers' strike. October 17, 2024 DC 33 president Greg Boulware sends a letter to workers stating that the city of Philadelphia failed to put together a "comprehensive" proposal for union members. The proposal increased workers' paychecks on average by $50 per pay period, according to Boulware. "Their proposal addresses none of the many other issues that our members face on a daily basis," Boulware wrote at the time. "This was NOT a good faith negotiation. It was 'Take this and be happy.'" October 30, 2024 DC 33 workers protest outside Tarik Jackson, a union worker, took aim at Philadelphia Mayor Cherelle Parker's "One Philly" messaging outside City Hall as workers marched the streets. "This supposed to be 'One Philly,' right? We're not being treated like One Philly," Jackson said. "We all want to be treated the same way. We need good, decent pay. That's what we all out here for. We shouldn't have to work two jobs." November 14, 2024 District Council 33 votes to authorize November 22, 2024 DC 33 reaches a one-year contract extension with the city June 10, 2025 DC 33 holds strike authorization vote, seeking an improved contract and changes to health care and pension plans. June 12, 2025 DC 33 speaks out after authorizing a strike. "It is our full intention to let the city of Philadelphia know that if we don't have an extension in place by the end of the term on June 30, we have every intention of walking out the door and making sure the city of Philadelphia understands how vital our people are," Boulware said. June 26, 2025 DC 33 members meet to discuss plans June 30, 2025 The city and DC 33 hold morning negotiations DC 33 is seeking an 8% pay increase every year for four years and health care benefits for all employees. DC 33 comes together for a solidarity rally at City Hall featuring chants and signs. The blue-collar union workers plan to strike at midnight. The city holds a press conference reemphasizing its desire to stay at the table and negotiate a plan. They also reiterate their contingency plans if a strike were to occur, including trash drop-off locations and plans to send police officers to help staff the 911 dispatch center. July 1, 2025 Philadelphia's largest blue-collar union goes on strike for the first time since 1986. There are no residential trash pickup services Mayor Parker reiterates her four-year contract offer of about 3% each year, for a total of 13%. Sixty-three trash drop-off locations are set up for residents to get rid of their garbage on their designated trash day. July 2, 2025 Day two of the strike ensues, and trash piles grow in Philadelphia at temporary dump sites established by the city. The city and union reenter negotiations but leave without a new contract. A judge orders Union members refuse to accept a deal less than a 5% pay increase each year. Members are also accused of vandalism and disorderly conduct. Striking union member Carnell Wilder is arrested for slashing the tires Philadelphians begin to grow tired of the growing trash at drop-off sites. July 3, 2025 July 4, 2025 "I've communicated with the mayor multiple times. I know she has put an aggressive package on the table. I believe the best package that's been put on the table in decades," Shapiro said. "I have confidence in Mayor Parker to see this through and to find a way to resolve these differences, to pay a fair wage, and to ensure the good people of Philadelphia get the benefits of the great work that DC 33 members provide our city every day." Jazmine Sullivan headliner Wawa Welcome America concert, states that she will also not perform, following LL Cool J's announcement a day earlier. July 5, 2025 By Sydney-Leigh Brockington
Yahoo
26 minutes ago
- Yahoo
Report suggests Yankees are beginning to explore trade market ahead of deadline
Report suggests Yankees are beginning to explore trade market ahead of deadline originally appeared on Athlon Sports. There hasn't been much noise from the New York Yankees front office yet, but this might be the first ripple they are gearing up for the trade deadline. Advertisement According to New York Post columnist Jon Heyman, the Yankees have checked in with the Colorado Rockies about third baseman Ryan McMahon. The veteran may not be a blockbuster move, but could represent a practical, if unsexy, deadline move. Among the other names, Heymon connected the Yankees to are the usual third base trade-rumor subjects. He also reported that the Yankees have not contacted the Diamondbacks about Eugenio Suarez yet, likely because they don't believe Arizona is selling. © Ron Chenoy-Imagn Images The Rockies are reportedly willing to listen. And that alone is rare enough to raise an eyebrow. Colorado has long been one of the league's most trade-averse organizations, known more for standing pat than making moves. Advertisement But being one of the worst teams in baseball history would motivate anyone to sell. McMahon is playing well. He has an .828 OPS since May 1 after a miserable start to the year. He's also signed to a reasonable deal: about $37 million through 2027. That's not a rental, but it's also not a financial anchor. And the Yankees need help at third base. It's not clear how serious the conversations were. But it's a sign the front office is starting to probe the market, looking beyond big names to functional upgrades. McMahon also brings solid defense and the ability to play second base, which could matter, depending on what happens with Jazz Chisholm Jr. and DJ LeMahieu over the next few weeks. Advertisement It's early, but this might be the first public clue they're finally getting to work. Related: Different Names Same Issue The Yankees Front Office Keeps Making Infield Errors Related: Yankees Competing with AL Rivals for Key Infielder as Trade Deadline Nears This story was originally reported by Athlon Sports on Jul 3, 2025, where it first appeared.
Yahoo
26 minutes ago
- Yahoo
Why AI Stock Broadcom Crushed It in June
Although the chipmaker's latest quarterly results only beat analyst estimates modestly, they featured impressive growth figures. Meanwhile, the company rolled out a new product and was the subject of numerous bullish prognosticator updates. 10 stocks we like better than Broadcom › With a nearly 14% share price gain in June, Broadcom (NASDAQ: AVGO) was a clear stock market winner during the month. The initial boost came from the company's impressive fiscal second-quarter 2025 results, which were reported near the start of June, and were subsequently compounded by an important product launch and a series of positive analyst takes on the stock. During that period, Broadcom managed to grow its revenue by a robust 20% year over year to just over $15 billion -- a new quarterly record for the chipmaker. Better, its non-GAAP (adjusted) net income soared 44% higher to nearly $7.8 billion, or $1.58 per share. Although expectations were fairly high, with consensus analyst estimates sitting just below those figures, at $14.95 billion for revenue and $1.57 for per-share adjusted net income, investors ultimately traded up Broadcom stock on the news. There were other reasons to be satisfied, after all. Broadcom's rather sparse guidance called for roughly $15.8 billion in revenue for its current (third) quarter; like the trailing results, this is slightly ahead of the average pundit projection ($15.77 billion). Much of Broadcom's growth comes from its position as a prominent supplier of chips for artificial intelligence (AI) functionalities. This continues to be a white-hot segment of the tech industry, and the company said its AI-related revenue rose 46% in the second quarter to more than $4.4 billion. More growth is in store, most likely, as Broadcom forecasts this to rise to $5.1 billion in the third quarter. Accordingly, the company has clearly prioritized the segment. Also, in June, it launched the Tomahawk 6 switch, a product designed to handle the comparatively more intense resource requirements of AI. This specialized hardware manages data traffic flowing through a network. We don't yet have a solid indication of how the initial takeup of the Tomahawk was, but it's sure to have been strong. The rise of AI is relentless and unstoppable, so it's no surprise that Broadcom is a favored stock among investors and analysts alike. Some in the latter group of individuals were busy in June working up new takes on the company following that earnings report, and for the most part, these analyses were bullish. One of the more hopeful ones came from HSBC. The bank's Frank Lee upgraded his Broadcom recommendation from hold to buy and, in the process, more than doubled its price target to $400 per share from $240. Lee cited Broadcom's strength in the application-specific integrated circuit (ASIC) category, an important one for (again) AI, as a key factor in his move. Before you buy stock in Broadcom, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Broadcom wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 HSBC Holdings is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Broadcom and HSBC Holdings. The Motley Fool has a disclosure policy. Why AI Stock Broadcom Crushed It in June was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
