Good morning! It’s Thursday, October 24, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Tesla Had A Very Interesting Week 1st Gear: Tesla Posts Wildly Good Q3 Results We may all have…
Boeing machinists on Wednesday voted to reject a new labor contract proposal and continue a costly weekslong strike that halted production of some of the embattled company’s top-selling planes, resulting in furloughs and layoff announcements for thousands of workers. The International Association of Machinists and Aerospace Workers announced on social media that 64% of members voted…
In This Story The Dow Jones Industrial Average and other major indexes opened lower on Wednesday as the yield on the benchmark 10-year U.S. Treasury note continued its upward climb, reaching 4.23%—a level not seen since July. However, there was some relief for investors as oil prices eased, with West Texas Intermediate (WTI) futures trading…
Investors are bracing for another jam-packed day of earnings results. Tesla (TSLA) is set to kick off “Magnificent Seven” earnings after the closing bell. Wall Street is digesting the latest earrings from Boeing (BA) as its striking workers head into a critical vote on a tentative labor agreement. Coca-Cola (KO) is also out with its…
The Dow led US stock futures lower on Wednesday, as doubts about rate cuts weighed on investors getting ready for a busy day of earnings highlighted by Boeing (BA) and Tesla (TSLA). Dow Jones Industrial Average futures (YM=F) fell 0.4%, while S&P 500 futures (ES=F) edged down 0.2% after the benchmark booked back-to-back losses for…
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…