East and Gulf Coast dockworkers go on strike first time in nearly 50 years; Here is all you need to know

Thousands of dockworkers in US East and Gulf coasts began a strike, affecting major ports like New Jersey, Virginia, and Texas. The strike follows stalled wage negotiations. Key cargo, including consumer goods and manufacturing parts, will be disrupted. The first strike at these ports since 1977, it may cost the economy significantly daily without imminent presidential intervention.