In This Story After a week of positive momentum driven by robust economic growth, investors are gearing up for a moderately active week ahead. The upcoming days will feature a mix of key conferences, corporate earnings reports, and a handful of macroeconomic data releases, each holding the potential to influence market sentiment. Let’s take a…
https://www.tipranks.com/news/the-fly/boeing-union-announces-proposal-to-end-strike-vote-coming-wednesday The striking machinists at Boeing (BA) announced a contract settlement that will be voted on this week. The union said: “With the assistance of Secretary of Labor Julie Su, this updated proposal between the Union and Boeing, includes several key improvements aimed at resolving the strike. In addition to what was offered in the…
By David Shepardson (Reuters) – A union representing striking machinists at Boeing said Saturday that members will vote Wednesday on a new contract deal that includes a 35% pay hike over four years that could end a more than month-old strike. Around 33,000 of Boeing’s unionized West Coast workers, most in Washington state, have been…
A legal crisis for Boeing (BA) that looked like it was nearly over now hangs in the balance as the company’s financial crisis deepens, adding yet another layer of uncertainty to the plane maker’s recovery efforts. A federal judge in Texas is weighing whether to approve a plea deal Boeing reached with the Justice Department…
Shares of Nvidia fell 5% as global chipmakers lost $420 billion in market cap on Tuesday. (Photo via … [+] Smith Collection/Gado/Getty Images). Getty Key Takeaways Chip Stocks Dropped Significantly Due To ASML’s Slower Recovery Warning Nuclear Energy Stocks Rallied, Driven By AI’s Growing Energy Needs Morgan Stanley Outperformed, While Banking Sector Faces Interest Income…
By Allison Lampert, David Shepardson (Reuters) -Boeing will cut 17,000 jobs, delay first deliveries of its 777X jet by a year and record $5 billion in losses in the third quarter, as the U.S. planemaker continues to spiral during a month-long strike. Boeing CEO Kelly Ortberg said in a message to employees that the company…
Photo: xPACIFICA (Getty Images) In This Story The Dow surged over 300 points Wednesday as investors awaited the release of the Federal Reserve minutes at 2 p.m. Also getting attention is this week’s coming inflation report, which will provide further insight into the state and the direction of the economy. Moreover, oil prices have declined,…
(Reuters) – Boeing said on Tuesday it delivered 33 jets in September, down from 40 plane deliveries in August, as a strike mid-month by around 33,000 U.S. West Coast factory workers weighs on output. Boeing’s September deliveries were up by six jets from the same month in 2023, when the U.S. planemaker handed over fewer…
MILAN (Reuters) – Italian prosecutors on Saturday accused seven people and two sub-contractors of crimes including fraud and breaching airplane safety rules following an investigation into suspected flawed parts produced by an Italian company for Boeing. The prosecutors launched their investigation in late 2021 after Boeing said some parts for its 787 Dreamliner plane supplied…
SpaceX launched its mission to rescue the two Starliner astronauts — but it didn’t go entirely according to plan. The company’s Falcon 9 rocket has been grounded after a booster landed in the wrong place. It’s the third time in three months that the Falcon 9 has been grounded. Thanks for signing up! Access your…