Workers picket outside a Boeing Co. facility during a strike in Everett, Washington, US, on Monday, Sept. 16, 2024. Boeing Co. factory workers walked off the job for the first time in 16 years, halting manufacturing across the planemaker’s Seattle hub after members of its largest union voted overwhelmingly to reject a contract offer and go on strike.M. Scott Brauer | Bloomberg | Getty ImagesBoeing withdrew a contract offer for 33,000 machinists who have been on strike since mid-September, and said further negotiations “do not make sense at this point.”The machinists walked off the job on Sept. 13 after overwhelmingly…
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Image source: Getty Images October can be a nervous month in the stock market. The legendary 1929 Wall Street crash was in October. So too was the 1987 one. Could we see another October crash? The follies of market prediction The short answer is yes. The stock market is cyclical. Sooner or later we will see another crash. That could conceivably come this month. A pending US election, uncertain economic outlook and high geopolitical tensions are making investors nervous not only in the City, but also on Wall Street. However, there is no specific indication that a crash will come…
By Peter Hobson and Lucy Craymer CANBERRA/WELLINGTON (Reuters) – Australia and New Zealand are bracing for the arrival of a destructive bird flu strain by tightening biosecurity at farms, testing shore birds for disease, vaccinating vulnerable species and war-gaming response plans. Oceania is the last region of the world free of the H5N1 clade 2.3.4.4b avian influenza that has killed hundreds of millions of birds and tens of thousands of mammals since appearing in Asia, Europe and Africa in 2020, littering beaches with corpses and upending the agricultural industry. While the region is somewhat protected by its geography – it…
(Bloomberg) — Talks between Boeing Co. and its largest union to end an almost monthlong strike collapsed for a third time, extending a shutdown of the planemaker’s key commercial manufacturing base on the US west coast.Most Read from BloombergBoth the embattled planemaker and the International Association of Machinists and Aerospace Workers blamed each other for the impasse, following two days of mediated negotiations over a previously disclosed proposal that would have hiked wages 30% and boosted retirement benefits. Boeing said it has withdrawn the offer, saying further talks don’t make sense at this time.Boeing and leaders for IAM District 751…
In his keynote speech at the Ben Graham Centre’s 2024 Value Investing Conference in Toronto, Jason Zweig, a veteran columnist for The Wall Street Journal, asked, rhetorically: “What cannot be ETF’d?” Active investors are competing with Mr. Market, a.k.a. passive exchange traded funds, he stated. To generate meaningful alpha, portfolio managers must develop expertise in what cannot be packaged into an exchange traded fund, Zweig advised. The target universe for active managers is what Zweig called “left tail things” like size, liquidity, marketability, and popularity factors. These are the factors inherent in small-cap companies. The spring is coiled tight…
Image source: Getty Images Earning a second income by investing in UK shares paying dividends is a simple idea – but it can be a very lucrative one. It does not even require having a lot of money. In fact, an investor can start with nothing. From zero, putting aside £200 a month to invest, here is how I would target an annual second income of around £19,251. Setting the right expectations Before I continue, I want to be clear that as I see this as a realistic plan, it is also important to have realistic expectations about timelines. So…
Investing.com– Boeing Co (NYSE:) on Tuesday said it had withdrawn an offer to the International Association of Machinists and Aerospace Workers, and had suspended negotiations with the union after a nearly month-long strike. The planemaker said the union had made “non-negotiable” demands, and that further negotiations did not “make sense at this point.” The firm had previously offered a 30% wage hike and improved retirement benefits. The breakdown in talks came after two days of negotiations with a federal mediator, and present little chances of ending a strike affecting the company’s northwest operations, specifically in Washington. Boeing’s first major strike in…
SHANGHAI (Reuters) -Mainland China stocks plunged on Wednesday and were poised to snap a 10-day winning streak after officials failed to inspire confidence in stimulus plans intended to revive the economy.Wednesday’s moves were a reversal from those seen the day before, after mainland Chinese stocks returned from a week-long holiday with a bang while those in Hong Kong stuttered.As of 0239 GMT, the benchmark Shanghai Composite index fell 5.3% while the blue-chip CSI300 Index dropped 5.8%.The A-share market comprised of stocks listed in Shanghai, Shenzhen and Beijing had a roller-coaster ride a day earlier after returning from a week-long holiday…
Image source: Getty Images As a shareholder in FTSE 100 financial services company Legal & General (LSE: LGEN), how much the company pays out as dividends matters to me. At the moment, it has what I consider a highly attractive dividend yield of 9.2%. I have therefore been thinking about what might happen to the Legal & General dividend in the next few years. What the current plan means This is helped by the fact that the firm has clearly laid out its intentions. For its current financial year, the company foresees a 5% increase in dividends per share. For…
By Nidhi Verma and Marianna Parraga NEW DELHI/HOUSTON (Reuters) – Two Indian state refiners have bought 2 million barrels of Venezuelan crude from trading house Vitol for November delivery, trade sources said, as shipments to what previously was Venezuela’s second largest oil market continue to grow. Indian refiners resumed imports of Venezuelan crude earlier this year after the U.S. Treasury Department authorized transactions for exports of crude and fuel despite sanctions targeted at President Nicolas Maduro’s government. India’s top refiner, Indian Oil Corp (IOC), is set to receive 1.2 million barrels of Venezuelan oil while Mangalore Refinery and Petrochemicals (MRPL)…