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Oct 23 2024BUSINESS

Boeing's New CEO Tackles Losses and Strikes

Boeing’s new CEO, Kelly Ortberg, has big plans to turn things around. He wants the company to be leaner and make higher-quality planes. But right now, Boeing is facing a big problem: a strike by thousands of workers. These machinists are upset about their contract and have been picketing outside a B

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Oct 23 2024BUSINESS

Boeing's Big Loss: Will Workers Accept Contract?

Boeing is facing a massive $6 billion loss this quarter. Meanwhile, the company is waiting for machinists to vote on a contract that offers big pay raises. The CEO, Kelly Ortberg, who's only been in the job for a few months, wants to fix the company's problems. He says the company needs a culture ch

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Oct 22 2024BUSINESS

The SEC Opens Up Bitcoin Options Trading

This morning, there's a lot to unpack! Did you know that McDonald's distanced itself from Trump's drive-through stunt? They're claiming no involvement in his surprise fast-food appearance. On a health note, Novo Nordisk's Ozempic pill might reduce heart attack and stroke risks, according to a fresh

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Oct 19 2024BUSINESS

Boeing Strike May End With New Deal

Early this morning, Boeing and its union announced a tentative agreement to end a five-week strike that's rocked the company. The International Association of Machinists, which represents 33, 000 striking workers, will vote on the deal on Wednesday. The offer includes a 35% wage increase over four y

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Oct 18 2024POLITICS

Storms, Space, Boeing Cuts, VP Health, and Covid Tests: A Week in Review

Hurricanes Helene and Milton have left Florida residents feeling anxious and stressed. These natural disasters have taken a mental health toll on many people. On the bright side, SpaceX successfully landed its rocket booster with its Starship, which is a big deal for the space industry. Meanwhile, B

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Oct 17 2024SCIENCE

NASA Picks SpaceX for 2025 Space Missions, Boeing's Starliner Still Grounded

NASA has chosen SpaceX's Crew Dragon for its crew rotation missions to the International Space Station (ISS) in 2025. Crew Dragon will fly NASA astronauts Anne McClain and Nichole Ayers, JAXA astronaut Takuya Onishi, and Roscosmos cosmonaut Kirill Peskov on the Crew-10 mission in February 2025. The

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Oct 14 2024BUSINESS

Crypto Boom and Big Moves: What's Happening in Stocks Today?

Waking up to a bullish crypto market, stocks linked to digital currencies took off. Bitcoin hit a high of over $64,000, sparking a rise in companies like MicroStrategy and Mara Holdings, with each jumping over 5%. Coinbase wasn't left behind, climbing over 3%. Meanwhile, Flutter Entertainment, the p

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Oct 14 2024BUSINESS

Boeing Workers' Strike: A Month In, What's the Plan?

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 t

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Oct 13 2024BUSINESS

Boeing's Big Job Cut: Who's to Blame?

Boeing made a big move recently, letting go of around 10% of its workers. That's about 17,000 people finding themselves without a job. The company pointed the finger at its machinists, who are currently on strike. CEO Kelly Ortberg explained in a memo that these cuts are necessary to keep the compan

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Oct 13 2024BUSINESS

Boeing's Big Shift: Layoffs After Lavish Spending

Boeing, the world-famous plane manufacturer, has hit a rough patch. The company's new CEO, Kelly Ortberg, has announced that about 10% of the workforce will be laid off in the coming months. This news has sparked conversations about the company's past spending habits. Between 2010 and 2019, Boeing s

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