Lower mortgage rates are coming
So the Federal Reserve just cut its benchmark interest rate by 50 basis points. But what does that mean for us poor souls stuck in a real estate world that feels like purgatory? It’s pretty complicated, but what you need…
Boeing furloughs “large number” of its employees in wake of strike
Workers with strike signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, U.S., on Friday, Sept. 13, 2024. M. Scott Brauer | Bloomberg | Boeing will furlough a “large number” of senior executives, managers and other…
Boeing workers strike: CEO Kelly Ortberg may have to pay
Kelly Ortberg has come out of retirement to get the ship back on course, but Boeing’s new CEO has a big fire to put out first. As more than 33,000 factory workers go on strike that analysts estimate could cost…
Citi Wealth strategist gives tips and forecasts ahead of Fed rate cuts
All eyes are on the Federal Reserve this week. With inflation easing and signs of weakness in the labor market, investors have priced in a series of market-boosting rate cuts, and the first is expected to come after the Federal…
American Airlines flight attendants approve contract with salary increases and avoid strike
An American Airlines aircraftphoto: Kevin Carter (Getty Images) In this story Flight attendant at American Airlines (EEL) just ratified the collective agreement She won in JulyThanks to the agreement, which was approved by 87% of the vote and negotiated by…
American Airlines flight attendants ratify new contract with immediate pay increases of over 20%
Julie Hedrick, president of the Association of Professional Flight Attendants (right), announces a strike authorization outside Dallas-Fort Worth International Airport near Dallas on August 30, 2023. Shelby Tauber | Bloomberg | American Airlines The flight attendants agreed to a five-year…
Strike jeopardizes economic recovery and impacts aircraft production
Union members hold strike signs during a press conference following the vote count on the union contract at the main union hall of IAM District 751 in Seattle, Washington, USA, Thursday, September 12, 2024. M. Scott Brauer | Bloomberg |…
Boeing workers strike after rejection of collective agreement
The overwhelming majority of votes against signing a deal are likely to lead to a halt in production in the Seattle area – the center of Boeing’s commercial aircraft production – and a disruption to the company’s supply chains. Union…
Boeing factory workers go on strike for the first time since 2008 after overwhelmingly rejecting a collective bargaining agreement
BoeingFactory workers went on strike after midnight Friday, halting production of the company’s best-selling aircraft, after the workforce overwhelmingly rejected a new labor contract. It is a costly development for the manufacturer, which has struggled to ramp up production and…
Boeing threatens strike as workers vote on new collective agreement
On June 25, 2024, a Boeing 737 MAX aircraft will be assembled at the Boeing Renton plant in Renton, Washington. Jennifer Buchanan | Afp | Getty Images Boeing Workers will vote on a new labor contract on Thursday, raising the…
