Streetbeat News

Labor Issues

SPY

The Federal Reserve's Logan suggests that a less restrictive monetary policy could prevent an unnecessary cooling of the labor market. Inflation progress is broad-based, and both inflation and the labor market are nearing the Fed's targets. Recent trends in housing and core services inflation are promising and expected to decrease over time.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:19 pm

BA

Boeing Co. (NYSE:BA) is facing significant challenges as a strike by over 33,000 workers halts operations in Washington. The breakdown in negotiations with the International Association of Machinists and Aerospace Workers has led to potential financial strain, with Boeing considering selling $10 billion in new stock. Additionally, S&P Global and Moody's are reviewing Boeing's credit rating, with a downgrade to junk status possible. The stock has dropped significantly this year, and technical indicators suggest a bearish trend.

Portfolio Pulse from Surbhi Jain

October 09, 2024 | 12:36 pm

BNZI

Banzai has announced strategic initiatives aimed at improving its net income by up to $13.5 million annually. This will be achieved through a $9.9 million reduction in operational expenses and a $3.6 million reduction in other expenses. The plan includes workforce adjustments, vendor cost-savings, and debt restructuring to extend the company's cash runway and support growth. Banzai will continue investing in its software platform and marketing while enhancing efficiency and scalability.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:34 pm

BA

Boeing Co. (NYSE:BA) has halted negotiations with striking workers after failed attempts to reach an agreement, leading to a negative watch on its credit rating by S&P Global Ratings. The strike, now in its fourth week, could result in $10 billion cash outflows in 2024. Additionally, Boeing faces safety concerns with the FAA issuing an alert on potential rudder system jams on Boeing 737 airplanes.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 10:40 am

BA

Boeing's credit rating has been placed on negative watch by S&P due to a machinist strike, which is causing significant financial strain. The strike is delaying production goals and may lead Boeing to issue new stock to raise $10 billion. Safety issues and labor disputes add to Boeing's challenges.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 8:35 am

SPY

Federal Reserve's Collins indicates that the Fed is focusing on both employment and inflation mandates. The labor market is stable, and Collins expects 2% inflation by late next year. High price levels remain a challenge.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:28 pm

BA

S&P estimates that the ongoing strike is costing Boeing over $1 billion per month, even after implementing cost-saving measures.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:02 pm

BA

RTX

Boeing faces safety and delivery challenges as the FAA issues a safety alert for 737 rudder systems, and a labor strike impacts aircraft deliveries. The NTSB criticized the FAA's response, and Boeing warns of reduced future deliveries due to the strike.

Portfolio Pulse from Hayden Buckfire

October 08, 2024 | 5:53 pm

SPY

Federal Reserve's Raphael Bostic stated that the labor market has slowed down but is not considered slow or weak. This suggests a moderate economic environment, which may influence monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 4:53 pm

STLA

Stellantis is contesting the strike authorization vote by UAW Local 186, indicating potential labor disputes. This could impact Stellantis' operations and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:30 pm