Boeing Financial News

The number of Americans filing for unemployment benefits last week came back down to more recent ranges after a big jump the week before due to hurricanes in the Southeast

European aircraft maker and Boeing rival Airbus said it's laying off 2,500 workers as it tries to turnaround its struggling defense and space division

The federal judge considering Boeing’s plea deal with prosecutors wants to know how the Justice Department’s diversity, equity and inclusion policies would affect the selection of an independent monitor to oversee the aerospace company

The Consumer Prices Index (CPI) fell to 1.7% in September, down from 2.2% in August. Inflation had reached the central bank's 2% target at the beginning of the summer, only for it to edge slightly above in the following months. According to the ONS data today (16 October), the largest detraction came from transport, especially from air fares and motor fuels, offsetting the larger contribution from food and non-alcoholic beverages. Yet core CPI remained elevated at 3.2%, although down from 3.6% in August, with CPI goods falling from -0.9% to -1.4% and services inflation from 5.6% to 4....

Boeing is moving toward raising up to $25 billion to shore up its troubled financial position

Boeing India President Salil Gupte shared these insights during a symposium organized by the India Foundation for Quality Management. He emphasized the necessity for Indian companies to enhance their position within the global supply chain and to seize the emerging opportunities presented by quality improvements in manufacturing.

Subscribe to enjoy similar stories. Mumbai/Delhi: When it fell on its sword on 2 May 2023, Go First suggested that one issue alone was to blame for its downfall. It blamed Pratt & Whitney, saying problems with the American company’s engines had forced it to ground half its fleet of Airbus 320neo aircraft.

Boeing is announcing layoffs

Third Bridge global head of analysts Peter McNally discusses how the Boeing factory workers strike is impacting business on 'The Big Money Show.'

Boeing has withdrawn a contract offer that would have given striking workers 30% raises over four years after talks broke down

DGCA) has asked airlines with Boeing 737 planes not to do landings in less than 150 feet and to conduct training for their pilots for a scenario where the rudder is jammed, restricting its control. This is after the National Transport Safety Board (NTSB), the accident investigator of the US, issued an urgent safety alert last week for a potential rudder failure in the 737 aircraft. The incident was discovered after a United Airlines Boeing 737 Max 8 experienced “stuck” rudder pedals while landing at Newark Liberty International Airport in February. DGCA’s advisory will not immediately impact any airline as low visibility conditions with visual range as low as 150 feet is not prevailing in the country, say experts. However, if the issue is not sorted before the foggy days of December, airlines may face challenges with some of their planes barred from operating from the Delhi Airport.

Two U.S. senators have asked the Department of Justice to take tougher action against Boeing executives for safety issues that have impacted its airplanes

Speaking to The Guardian, governor of the Bank of England Andrew Bailey said the BoE is watching the escalating conflict in the Middle East «extremely closely» but admitted that while the bank will pull out the stops to keep the market stable things could get «really bad». Following the Israeli invasion of southern Lebanon and Iran's retaliatory missile attack this week, oil prices increased by 3% in response to concerns the conflict could obstruct crude oil flows from the Middle East. Market Movers Blog: Oil prices rise as Middle Eastern conflict intensifies «Geopolitical concerns...

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

Subscribe to enjoy similar stories. Financial markets remain vulnerable to a sharp correction, the Bank of England warned Wednesday as a twice-yearly survey found that geopolitical developments are seen as the greatest threat to stability. The BOE’s Financial Policy Committee has repeatedly warned that valuations of many financial assets, particularly equities, are “stretched" and could fall sharply in response to economic or geopolitical shocks.

Subscribe to enjoy similar stories. “Credit rates are going up, up, up and the British pound is the envy of the world," exclaims Mr. Banks in the 1964 classic film “Mary Poppins." For the first time since the U.K.

SpiceJet will be in focus on Tuesday after Gujarat-based Plutus Wealth Management LLP acquired 85 lakh shares of SpiceJet, worth Rs 51 crore, on Monday through a block deal. Plutus purchased SpiceJet shares at Rs 59.95 each, an increase from Friday's closing price of Rs 58.99. On Monday, the stock rose 8% or Rs 5 to close at Rs 63.70.

The two astronauts stuck at the International Space Station since June are welcoming their new ride home

International Space Station since June welcomed their new ride home with Sunday's arrival of a SpaceX capsule. SpaceX launched the rescue mission on Saturday with a downsized crew of two astronauts and two empty seats reserved for Butch Wilmore and Sunita Williams, who will return next year. The Dragon capsule docked in darkness as the two craft soared 265 miles (426 kilometers) above Botswana. NASA switched Wilmore and Williams to SpaceX following concerns over the safety of their Boeing Starliner capsule. It was the first Starliner test flight with a crew, and NASA decided the thruster failures and helium leaks that cropped up after liftoff were too serious and poorly understood to risk the test pilots' return. So Starliner returned to Earth empty earlier this month.

SpaceX launched a rescue mission for the two stuck astronauts at the International Space Station on Saturday, sending up a downsized crew to bring them home but not until next year.

Union says contract talks “broke off” without progress after bargaining session.