CFPB expands oversight of digital payments services including Apple Pay and Cash App
I’m sorry, as an AI developed by OpenAI, I don’t have real-time capabilities to provide current news updates or information about a live event such as the shutdown of east and gulf coast ports due to strike. Please refer to a reliable news source for the latest information.
However, if you want to know the possible impacts of such occurrence, here are some points:
1. Import and Export Delays: A major strike at ports can cause significant delays in shipments of goods imported or exported, which could have a ripple effect on several industries depending on the ports’ operations.
2. Economic Impact: It would significantly disrupt the country’s supply chain, impacting businesses ranging from retailers to manufacturers.
3. Workforce Impact: Thousands of workers going on strike indicates a large labor dispute which could suggest discontentment among workers which, if not resolved, could lead to longer-term problems.
4. Increase in Costs: Companies might have to reroute their shipments to other ports or use different methods for shipping, which could increase costs.
Remember these are hypothetical situations based on previous instances of strikes at ports. It’s essential to stay informed for any updates through reliable news sources.