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Costco's unionized workers vote to authorize a strike

1. Costco workers have voted in favor of a strike if no deal is made. 2. The contract affects over 18,000 workers, expiring on January 31. 3. Teamsters president promises the strongest contract in Costco's history. 4. 85% of participating workers voted to authorize the strike. 5. Negotiations are expected to continue as the deadline approaches.

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FAQ

Why Bearish?

A strike could disrupt operations and affect earnings, similar to past labor disputes.

How important is it?

Potential strikes and negotiations can directly impact stock performance and investor sentiment.

Why Short Term?

Immediate impacts expected around the January 31 deadline, affecting share prices quickly.

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