Intel has seen some big changes just recently. The company's long-time CEO, Pat Gelsinger, has left the scene after over 40 years. A surprise announcement came this Monday, naming two other executives, David Zinsner and Michelle Johnston Holthaus, as temporary co-CEOs while they look for a new leader. This change comes as Intel faces tough times, especially since the...
Airbus is mulling over a potential merger for its space business, but it's not a done deal just yet. The company's CEO, Guillaume Faury, suggested that they're open to partnering up with another firm to strengthen their space sector. This comes after Airbus took a big hit with their satellite business, losing around $980 million in the first half of the year. They've...
Prominent UFC fighter Khamzat Chimaev got into hot water recently because of a cryptocurrency called SMASH. He endorsed the coin on social media, and many fans jumped in, hoping to make a quick buck. Unfortunately, the coin's value plummeted, leaving fans with heavy losses. Some experts blamed Chimaev, saying his promotion caused the crash. But Chimaev argued he was ...
On Wednesday evening, Jon Holden, president of the International Association of Machinists and Aerospace Workers (IAM), announced that 64% of Boeing machinists had voted to reject the company's latest contract offer. The vote came as a surprise to many, as the strike had already affected production significantly. The union strike, which began on September 13th, has ...
India is making a strong stand against false bomb threats that have been targeting flights. Over 90 flights have been affected in the past week alone, causing huge losses for airlines and lengthy delays for travelers. These threats, mostly made on social media, have led to flights being escorted by fighter jets and making emergency landings. Authorities are looking a...
It's been over a month since Boeing's machinists started their strike, rejecting a contract offer from the company. The ongoing standoff is causing Boeing's new CEO, Kelly Ortberg, some serious headaches. The union and Boeing are still at odds, with negotiations falling apart and production coming to a halt. Workers are feeling the squeeze, as they're not getting pai...
You might have heard that Boeing is cutting 17,000 jobs. That's about 10% of their workforce. Why are they doing this? Well, they're losing a lot of money, and a five-week-long strike at their factories isn't helping. Boeing says they'll lose $9.97 per share in the third quarter alone. That's a lot of money! The strike started in September when workers didn't agree ...
Boeing, a major airplane manufacturer, is planning to cut around 17,000 jobs. That's about 10% of their workforce. It's a tough move, but the company is facing big losses. One of the reasons is a strike by their largest union. Thousands of workers walked off the job, which halted production of some key planes. This strike is putting extra pressure on Boeing's finance...