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 in a separate Financial Times-University of Michigan Ross School of Business poll. It was first time Trump has led on this issue in the survey.
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.
Source: Investingcom - 🏆 450. / 53 Read more »
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »