Boeing Co
Boeing starts furloughing tens of thousands of employees amid machinist strike
Workers with picket signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, US, on Friday, Sept. 13, 2024. M. Scott Brauer | Bloomberg | Getty Images Boeing will furlough a “large number” of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, […]
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CNBC Daily Open: Tech might not be the biggest beneficiary of rate cuts
The sun rises behind the skyline of lower Manhattan and One World Trade Center on September 14, 2024, in Jersey City, New Jersey. Gary Hershorn | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need […]
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Here are the stocks that win when the Fed cuts rates with no recession
As investors gear up for this week’s Federal Reserve meeting, CNBC Pro found stocks that have historically done well when rates are cut without a recessionary environment. Fed funds futures have fully priced in that the central bank will lower interest rates, according to CME’s FedWatch Tool . The question now is how big that […]
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Boeing freezes hiring in sweeping cost cuts as it grapples with factory worker strike
Workers with picket signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, US, on Friday, Sept. 13, 2024. M. Scott Brauer | Bloomberg | Getty Images Boeing announced sweeping cost cuts on Monday, including a hiring freeze, a pause on nonessential staff travel and a reduction on supplier spending to preserve […]
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Ryanair may get five fewer planes by next summer due to Boeing strike, CEO says
OAG’s John Grant said not all airlines took a hit because of the Summer Games. Among the “winners,” he singled out Ryanair, which significantly increased capacity to Paris this summer. Jakub Porzycki | Nurphoto | Getty Images Ryanair Group CEO Michael O’Leary said on Saturday a prolonged Boeing workers’ strike may cut the number of aircraft it receives […]
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Here’s what the Boeing strike might mean for flyers
Union members react as Aerospace Machinists District 751 President Jon Holden (out of frame) announces that union members rejected a proposed Boeing contract and will go on strike, following voting results at their union hall in Seattle, Washington, on September 12, 2024. Jason Redmond | Afp | Getty Images Boeing workers went on strike Friday, the latest disturbance […]
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Stocks making the biggest moves midday: Moderna, Uber, Boeing, Adobe and more
Check out the companies making headlines in midday trading. Moderna — Shares of the vaccine maker pulled back more than 3% following a downgrade to underweight from JPMorgan . The firm cited Moderna’s changes to its revenue forecast as a headwind to the stock’s performance moving forward. Oracle – The stock rose nearly 2% after […]
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Boeing CFO says strike will ‘jeopardize’ recovery, hit aircraft production
Union members hold picket signs during a news conference following a vote count on the union contract at the IAM District 751 Main Union Hall in Seattle, Washington, US, on Thursday, Sept. 12, 2024. M. Scott Brauer | Bloomberg | Getty Images Boeing CFO Brian West said a labor strike that began Friday will hurt […]
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Stocks making the biggest moves premarket: Boeing, Oracle, Moderna and more
Check out the companies making headlines before the bell. Boeing — The stock sank 4% after Boeing factory workers went on strike early Friday after rejecting a new labor contract. The work stoppage will impact production of most aircrafts, including the 737 Max. Oracle — Shares of the database software company rallied more than 6%. […]
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5 things to know before the stock market opens Friday
Here are five key things investors need to know to start the trading day: 1. Four-ward The S&P 500 marked its fourth winning day in a row Thursday, gaining 0.75%. The Nasdaq Composite did even better, rising 1%, as investors snapped up tech names, while the Dow Jones Industrial Average added 235.06 points, or 0.58%. The gains came […]
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