Tesla's upbeat earnings, Boeing workers reject wage deal - what's moving markets

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Tesla's upbeat earnings, Boeing workers reject wage deal - what's moving markets

Investing.com -- US stock futures point mostly higher following a day of declines on Wednesday that was marked by rising yields and falling megacap tech shares. Tesla workers in the US West Coast reject a revised pay offer from the aerospace group, extending a financially-damaging labor stoppage.US stock futures edged mostly on Thursday as investors assessed a raft of quarterly corporate earnings and climbing Treasury yields.

Even still, the company said in a statement that it expects to achieve"slight growth" in vehicle deliveries in 2024, while Musk predicted cost cuts and lower interest rates would spur vehicle sales growth of 20% to 30% next year.Striking Boeing machinists have rejected a revised contract offer, extending a crippling labor action that is placing heavy pressure on new CEO Kelly Ortberg's plans to overhaul the jet manufacturer's ailing finances.

On Wednesday, Ortberg called for a"fundamental culture change" at Boeing, which has also faced recent scrutiny over its safety record following a dangerous mid-air door plug blow-out on one of its planes earlier this year. Ortberg added the firm is at a"crossroads" after it posted a net loss of $6.17 billion in the third quarter, widening from a loss of $1.64 billion in the corresponding period in 2023.

Elsewhere, Trump also overtook Harris as the candidate Americans most trust with stewarding the economy, according to a separate Financial Times-University of Michigan Ross School of Business poll. It was first time Trump has led on this issue in this survey.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer's week ahead: Earnings from Boeing, Tesla, IBM and T-MobileCNBC’s Jim Cramer named the big earnings reports to keep an eye on next week, including numbers from Boeing, Tesla, IBM and General Motors.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »