Streetbeat News

Labor Issues

GLD

SPY

UUP

The U.S. labor market shows strength with a significant drop in initial jobless claims, indicating fewer layoffs. However, continuing jobless claims have risen, suggesting some struggle to find employment. The market reacted positively, with S&P 500 futures rising, driven by strong earnings from Tesla.

Portfolio Pulse from Piero Cingari

October 24, 2024 | 1:12 pm

SPY

The latest report on initial jobless claims in the USA shows a decrease to 227,000, which is below the estimated 243,000 and the previous figure of 242,000. This indicates a stronger labor market than expected.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:30 pm

TXT

Textron has lowered its FY24 adjusted EPS guidance due to a recent labor strike that affected production and delivery activities. The new guidance is $5.40-$5.60, down from $6.20-$6.40, with expected negative impacts on revenue and profit in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 10:35 am

BA

Boeing shares are experiencing a decline as its machinists have rejected a proposed deal, prolonging a five-week strike.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 10:13 am

BA

Boeing's stock fell 3.01% in pre-market trading after reporting a 1% decline in Q3 revenue, missing estimates. The company faces challenges from labor strikes and operational issues, leading to a widened loss per share.

Portfolio Pulse from Pooja Rajkumari

October 24, 2024 | 9:30 am

AAPL

Apple is expanding its retail presence in India by hiring 400 new employees for upcoming stores in Bengaluru, Pune, Delhi-NCR, and Mumbai. This move follows the success of its existing stores in Mumbai and Delhi, which have generated significant revenue.

Portfolio Pulse from Ananthu C U

October 24, 2024 | 7:41 am

BA

Boeing machinists have rejected a proposed labor deal, extending a strike that has halted production for over five weeks. The deal included a 35% wage increase, but workers were dissatisfied due to the lack of a pension plan. This strike adds to Boeing's challenges, including a $6 billion quarterly loss.

Portfolio Pulse from Benzinga Neuro

October 24, 2024 | 4:21 am

BA

Boeing workers have voted against the company's latest proposal, leading to the continuation of the strike. This decision could impact Boeing's operations and financial performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:23 am

ALGN

Align Technology projects Q4 2024 revenues between $995M and $1.015B, with a slight increase in Clear Aligner volume and ASP. The GAAP operating margin is expected to be slightly below 14% due to restructuring charges, while the non-GAAP margin is anticipated to rise slightly.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:13 pm

BA

Boeing's shares are trading lower following a disappointing Q3 earnings report, with revenue and earnings missing expectations. The company faces challenges including a work stoppage by union members, high debt, and cultural issues. A new contract proposal is being voted on, which could end a costly strike.

Portfolio Pulse from Vaishali Prayag

October 23, 2024 | 7:08 pm