Boeing stock (BA) slid 2% in after-hours trading Friday as the company said it would cut its workforce by 10%, or roughly 17,000 jobs, and delay the first delivery of its 777X jet to 2026 amid an ongoing worker strike.”Our business is in a difficult position, and it is hard to overstate the challenges we face together,” CEO Kelly Ortberg said in a message to employees posted on Boeing’s website. “Beyond navigating our current environment, restoring our company requires tough decisions and we will have to make structural changes to ensure we can stay competitive and deliver for our customers…
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By Brendan Pierson (Reuters) – A Texas man dropped a wrongful death lawsuit he filed last year accusing three women of helping his ex-wife obtain abortion pills, which had drawn national attention as one of the first private lawsuits brought under a state abortion law. Jonathan Mitchell, a lawyer for plaintiff Marcus Silva, said in a filing in Galveston County, Texas on Friday that the case had been dropped because of a settlement. The case was set to go to trial next week. Mitchell declined to comment further. A spokesperson for the defendants said Silva had not received any monetary…
The consumer sector includes companies that produce and sell goods and services directly to individuals. It includes industries like retail, food and beverage, apparel, and personal care products. Consumer stocks represent ownership in these companies traded on public exchanges. The sector is often divided into consumer discretionary and consumer staples categories. Consumer stocks can reflect broader economic trends and consumer spending habits. Investing in consumer stocks can offer several potential benefits. Many consumer companies have recognizable brands and loyal customer bases. Consumer staples tend to provide steady returns, even during economic downturns. Some consumer stocks offer dividends, appealing to income-focused…
State and local ballot measures this November could add a total of $50 billion to transit funding, and such referendums have a high rate of success (Smart Cities Dive). That’s important because most federal funding remains tilted toward driving (Transportation for America). Humans have to take driver’s tests. Why not autonomous vehicles, too? (Associated Press) On the other hand, why do so many human jobs require a driver’s license when driving is not part of the job description? (Governing) Uber and Lyft drivers are banding together nationwide for better pay. (USA Today) The Atlanta suburb of Cobb County has long…
Boeing 737 MAX airliners are pictured at the company’s factory on Thursday, Sept. 12, 2024, in Renton, Wash.Stephen Brashear | APBoeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week.Boeing expects to report a loss of an $9.97 a share in the third quarter, the company said in a surprise release on Friday. It took charges in both its commercial airplane unit and defense business.The manufacturer also won’t deliver its still-uncertified 777X wide-body plane until 2026, putting it six years…
In a recent transaction on October 9, an insider at SPAR Group, Inc. (NASDAQ:SGRP), a leading provider of retail merchandising and other marketing services, has sold a portion of their holdings in the company. The transaction was publicly disclosed in a Form 4 filing with the Securities and Exchange Commission. The insider, who is reported to be a significant stockholder and associated with the company’s management, sold 4,318 shares of common stock at a price of $2.43 per share. The total value of the shares sold amounts to approximately $10,492. This sale has adjusted the insider’s direct ownership in the…
Reedsburg, WI – When Sound Devices acquired storied British wireless microphone manufacturer Audio Limited in 2017, the first product released together was the excellent-sounding A10 digital transm | The new additions to sales and RF engineering teams strengthen wireless product leadership in live and location sound. Source link
Tesla’s (TSLA, Financial) stock saw a major decline of 8% on Friday following the electric vehicle maker’s much-anticipated robotaxi event, which left investors less than impressed. CEO Elon Musk unveiled the Cybercab a sleek, silver two-seater devoid of steering wheels and pedals at the company’s “We, Robot” event in Burbank, California.Tesla Stock Plummets 8% After Lackluster Robotaxi Unveiling Disappoints InvestorsThe Cybercab is Tesla’s latest innovation, which is a fully autonomous self-taxi. Musk announced plans to begin production before 2027, aiming to offer the vehicle to consumers at a price point under $30,000. However, he did not provide specifics on manufacturing…
Investing.com– The Dow and S&P 500 notched record closing highs Friday, with the latter closing above the 5,800 mark for the first time as JPMorgan led a string of mostly better than expected earnings, At 4:00 p.m. ET (2000 GMT), the index climbed 0.4% to 5,814.75, the gained 0.3%, the rose 409 points, or 1%, to close at a record of 42,863.86. All three major indexes notched their fifth consecutive week of gains, with the dow clinching its the best winning streak in eight months. JPMorgan Chase and Wells Fargo rise after earnings The main focus Friday will be on the…
Michael M. Santiago / Getty Images The New York Stock Exchange and Nasdaq will be operating normal hours on Monday, Oct. 14, for Columbus Day and Indigenous Peoples’ Day.Key TakeawaysNext Monday, Oct. 14, is Columbus Day, a federal holiday.Stock and bond markets typically follow the federal holiday schedule, but the New York Stock Exchange and Nasdaq will operate normal hours Monday.However, bond markets will be closed, along with many banks and government operations like the post office.This year, Oct. 14 is the second Monday of October, the date that Columbus Day is celebrated in the U.S., meaning you may be…