Stocks Analysis by The Tokenist (Timothy Fries) covering: S&P 500, Boeing Co. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
) faces mounting pressure as its largest union rejected the company’s “best and final” offer, prolonging a strike that has already lasted nearly two weeks.
The proposal, which came after unsuccessful federal mediation, included a 30% general pay increase over four years, reinstatement of a performance bonus, improved retirement benefits, and a doubled ratification bonus of $6,000 if accepted by Friday. The labor dispute is impacting production of Boeing’s best-selling 737 MAX and other jets, adding to a tumultuous year that began with a January incident involving a 737 MAX door panel. Industry analysts estimate the strike could cost Boeing several billion dollars and potentially lead to a credit rating downgrade.As of 11:20 AM EDT on Tuesday, Boeing’s stock was trading at $154.81, down 0.95% for the day. The company’s market capitalization stood at $95.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Intuitive Machines: Up 74% in September, Are Shares Still Worth Buying?Stocks Analysis by The Tokenist (Timothy Fries) covering: Boeing Co, Intuitive Machines Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
3 Stocks Soaring on Strategic Deals and Fed's Rate CutStocks Analysis by The Tokenist (Timothy Fries) covering: Tesla Inc, PayPal Holdings Inc, Uber Technologies Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
3 Stocks Poised to Thrive Amid Falling Interest RatesStocks Analysis by The Tokenist (Timothy Fries) covering: Charles Schwab Corp, Textron Inc, Brent Oil Futures, Tesla Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
3 Stocks to Accumulate as Market Goes Through September WoesStocks Analysis by The Tokenist (Timothy Fries) covering: Costco Wholesale Corp, Advanced Micro Devices Inc, PEDEVCO Corp. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
Can 'New Paramount' Overcome the Trappings Faced by the Company?Stocks Analysis by The Tokenist (Timothy Fries) covering: Paramount Global Class B, Paramount Global Class A. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
3 Stocks Poised to Gain From the iPhone 16’s LaunchStocks Analysis by The Tokenist (Timothy Fries) covering: Qualcomm Incorporated, Apple Inc, NVIDIA Corporation, VMware Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »