Healthcare strike: More than 75,000 unionized healthcare workers at Kaiser Permanente facilities plan to strike from October 4–7 if a new labor contract is not agreed upon, potentially leading to the largest healthcare strike in U.S. history (CNN)
Worst pace since pandemic: Small-business bankruptcy filings are rising this year (at nearly 1,500 so far), a signal that increased interest rates, tighter lending standards and higher operating costs are straining entrepreneurs (WSJ)
Just what a stalling economy needs: Federal Reserve Governor Michelle Bowman again said that multiple interest-rate hikes may be required to get inflation down to the central bank’s goal even after data for August showed some of the slowest price increases since 2020 (Bloomberg)
OPEC's warning: The head of OPEC — a group of the world’s major oil producers — said Monday that a lack of investment in the oil industry poses a danger to global energy security and could send crude prices to $100 a barrel (CNN)
Manufacturing resilience: U.S. manufacturing took a step further towards recovery in September as production picked up and employment rebounded, according to a survey that also showed prices paid for inputs by factories falling considerably (Reuters)
Tesla sales slip: Tesla (TSLA) missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories to roll out a newer version of the Model 3 mass-market sedan forced production halts (NYT)
Oddity feeling confident: Oddity (ODD), newly public on the Nasdaq, reported expected Q3 revenue growth of 29%-31% from its Il Makiage and Spoiled Child brands, surpassing its initial 20.5% estimate (CNBC)
Ex-CEO buys bankrupt Lordstown: The soap opera that is Lordstown Motors is taking yet another unusual turn. The company founder and former CEO is paying $10 million to buy the electric pickup maker’s assets out of bankruptcy (Yahoo)
Kellogg spinoff stumbles: Shares of Kellanova (K) fell more than 7% on Monday after the packaged food giant, previously known as Kellogg Company, completed the spinoff of its North American cereal business into a new standalone entity called WK Kellogg Co (KLG) (CNBC)
WeWork's bold move: WeWork (WE) said on Monday that it would not make two sets of interest payments totaling about $95 million, a move meant to jump-start negotiations with its lenders at the same time it tries to cut costs with its landlords (NYT) | 