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That is the Boeing unit that has been the most troubled, but the strike affected only the last two weeks of the three-month period. Boeing reported a $2.4 billion operating loss in its space and defense business, which is not affected by the strike. “First and foremost on everybody’s mind today is ending the IAM strike,” Ortberg told investors. Members of the International Association of Machinists from Boeing hold a march during an ongoing strike in Seattle, on October 15. Fortunately for Boeing, it is not likely it will be forced out of business by its current financial crisis.
Persons: Kelly Ortberg, ” Ortberg, “ We’re, We’ve, , , Starliner, , Ortberg, Seth Seifman, Seifman, David Ryder, “ We’ve, Max Organizations: New, New York CNN, Boeing, International Association of Machinists, CNBC, International, Station, NASA, SpaceX, IAM, JPMorgan Chase, Reuters, Alaska Airlines, Federal Aviation Administration, Airbus Locations: New York, , Seattle, Washington
The stakes are high for Tesla when the electric vehicle giant reports results after the bell Wednesday. Analysts polled by LSEG expect the company to report earnings of 58 cents per share on $25.37 billion in revenue. The company posted adjusted earnings per share of 52 cents and revenue of $25.50 billion last quarter . Stakes are even higher for the company following an underwhelming robotaxi event earlier this month that failed to impress Wall Street analysts and investors hopeful for a turnaround. He retained an equal weight rating and $220 price target, implying shares will trade in a range from here.
Persons: Li, Ryan Brinkman, Piper Sandler, Alexander Potter, Potter, Cantor Fitzgerald's Andres Sheppard, Sheppard, Dan Levy, Jefferies, Philippe Houchois, Tesla Organizations: Tesla, LSEG, EV, Li Auto, Wall Street, Barclays Locations: China
Amazon is shutting down a service that offers same-day delivery from mall and brick-and-mortar retailers, CNBC has learned. Select retail partners will be able to continue fulfilling orders with Amazon Today through Jan. 24, 2025, Amazon told CNBC. The closure of Amazon Today is the latest example of the company’s broader cost-cutting efforts. Launched in 2022, Amazon Today allows retailers who sell on Amazon to offer speedy delivery from their brick-and-mortar stores and shopping malls in select cities. Amazon Today was part of the company’s push to get online purchases to shoppers’ doorsteps at faster speeds.
Persons: Andy Jassy, Jassy, Jeff Bezos, Amazon’s, , Kate Hudson, Organizations: CNBC, Amazon, Amazon Today, Employees, Flex, , Staples Locations: Jan
Ken Griffin's market maker, Citadel Securities, is revamping its core trading infrastructure. AdvertisementIn 2023, Citadel Securities COO of technology, Jeff Maurone, was meeting with senior leaders to discuss technology priorities for the year. I almost look at it as the stretching of business," Woods told Business Insider. Building Citadel Securities' trading infrastructure of the futureIn the last few years, Citadel Securities pushed into credit trading, expanded its rates franchise, and introduced an institutional options offering. Maurone's team supports Citadel Securities' technology organization, and he manages a team of 15 people.
Persons: Ken Griffin's, Josh Woods, Jeff Maurone, , Maurone, Woods, Matt Culek, Peng Zhao, Jim Esposito Organizations: Citadel Securities, Service, Securities, McKinsey, Deloitte, COOs, Citadel Securities Each Locations: Asia Pacific, EMEA, COOs —, New York, Jeff's
CNN —Walmart, already partially responsible for the slow demise of America’s drug stores, is launching yet another CVS killer: 30-minute prescription delivery. Walmart’s pitch to costumers is simple – fill your prescription, plus get some groceries delivered to your door, all in one order. Prescription delivery was the number one most-requested service by its customers, the company said in a press release. The company has nearly 4,600 pharmacy locations across the United States. Earlier this month, Walgreens said it is closing approximately 1,200 locations, while CVS said it planned to cut about 2,900 corporate jobs.
Persons: , Tom Ward Organizations: CNN, Walmart, Walmart U.S, Walgreens, CVS Locations: United States
Oil prices fell on Tuesday, paring the previous day's nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as slow demand in China, the world's top oil importer, continued to weigh on the market. Oil prices fell on Tuesday, paring the previous day's nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as slow demand in China, the world's top oil importer, continued to weigh on the market. "Crude oil prices have been fluctuating in response to mixed news from the Middle East, as the situation alternates between escalation and de-escalation," Satoru Yoshida, a commodity analyst with Rakuten Securities. U.S. Secretary of State Antony Blinken headed to the Middle East on Monday seeking to revive talks to end the Gaza war and defuse the spillover conflict in Lebanon. China's oil-demand growth is expected to remain weak in 2025 despite recent stimulus measures from Beijing as the world's No.
Persons: paring, Brent, WTI, recouping, Satoru Yoshida, Antony Blinken Organizations: Brent, . West Texas, Rakuten Securities, International Energy Agency Locations: China, Iran, Gaza, Lebanon, Beijing, Saudi Aramco
Walmart will start to deliver prescriptions to customers' doorsteps. As CVS and Walgreens shutter hundreds of stores nationwide to shore up profits and investor sentiment, Walmart said Tuesday that it is offering a new option for customers: delivering prescriptions to their doorsteps. The prescription delivery service is another example of how Walmart is trying to outmatch competitors on convenience along with low prices. Still, it is unclear how much market share Walmart could win from CVS and Walgreens, both of which offer same-day, one-day and two-day prescription deliveries. Walmart's delivery service will be available for new prescriptions and refills, the company said.
Persons: Tom Ward, Ward, Organizations: Walmart, CVS, Walgreens, Walmart U.S, Health Locations: Arkansas , Missouri, New York , Nevada, South Carolina, Wisconsin, North Dakota, U.S
“Black maternal health and reproductive health has to be a conversation that I hear from any candidate for me to be on board to vote for them,” she said. Black women in the U.S. also face greater risks bearing children. “The landscape for reproductive health for Black women has gotten far more dangerous in the last two and a half years,” she said. When asked, the Harris campaign did not point to specific policies on Black maternal health. Desta-Bell said she’s found growing interest from voters about the state of Black maternal health and reproductive justice.
Persons: Francisca Shaw, , ” Shaw, Kamala Harris, Republican Donald Trump, Amber Thurman, Shaw, , . Georgia —, Leah Wright Rigueur, Regina Davis Moss, Harris, Joe Biden, ” Davis Moss, Harris ’, Nikema Williams, Hank Johnson, Sen, Jon Ossoff, Jacquelyn Martin, Biden, Keisha Lance Bottoms, Trump, Janiyah Thomas, Nadia Brown, Joyce Drayton, , Drayton, ProPublica, Candi Miller, Thurman, Naomi Desta, Bell, They’ve, she’s Organizations: Seattle’s University of Washington Medical Center, Reuters, University of Washington Medical Center, Democratic, Republican, Facebook, Supreme, Centers for Disease Control, Johns Hopkins University, Senate, Georgia Democratic Party, Georgia, Georgetown University, Georgia Black Republican Council, Republican Black, Women’s Health Locations: Georgia, U.S, Atlanta , Georgia, United States, . Georgia, Michigan, Atlanta, Florida, Desta
Emirates has ordered five Boeing 777 freighters, eventually expanding its fleet to 21 of the planes. The order comes days after Emirates' boss criticized a fresh delay to Boeing's new passenger jet, the 777X. AdvertisementEmirates has announced a fresh order for Boeing 777 freight planes, just days after its chairman publicly criticized the embattled planemaker. Emirates is one of Boeing's biggest customers, so a fresh order of Boeing planes is not unusual. Emirates' Sir Tim Clark criticized the latest delays to the Boeing 777X last week.
Persons: , Sheikh Ahmed bin Saeed Al Maktoum, Tim Clark, Sir Tim Clark, BRENDAN SMIALOWSKI, Clark Organizations: Emirates, Boeing, Service, Emirates Airline and Group, Getty, Al, Al Maktoum International, Business Insider Locations: Dubai, Emirates, AFP, Al Maktoum
Analyst Nick Lai, who has an overweight rating on the Chinese electric vehicle maker, added Xpeng to the Wall Street bank's positive catalyst watch list in a 17-page report out Sunday. This comes amid JPMorgan's forecast that EREVs and plug-in hybrid electric vehicles combined will make up about 60% of the new energy vehicle market by 2030 – almost double last year's figure. Another event that could drive the stock higher is Xpeng's third-quarter results next month, which Lai thinks will show expanded gross profit margins. Heading into 2025, Xpeng should see more volume growth, JPMorgan said, with the bank forecasting 72% volume growth in 2025. As a result, Xpeng should see positive free cash flow next year and a profit in 2026, according to Lai.
Persons: Nick Lai, Lai, BEV, , Max, Mona, Xpeng, they've Organizations: JPMorgan Locations: 4Q24, 1Q25, Xpeng
A sign hangs outside of a Chick-fil-A restaurant on May 06, 2021 in Chicago, Illinois. Chick-fil-A plans to launch a new app on Nov. 18, with a slate of original animated shows, scripted podcasts, games, recipes and e-books aimed at families. And for the last five years, it's released animated shorts on YouTube during the holiday season as part of its "Stories of Evergreen Hills" series. Why Chick-fil-A is betting on contentPeople walk past a Chick-fil-A restaurant on 8th Avenue on December 30, 2023, in New York City. Restaurants as media brandsA Chick-fil-A meal is displayed at a Chick-fil-A restaurant on June 01, 2023 in Novato, California.
Persons: Scott Olson, , it's, We've, we've, Dustin Britt, Chick, Gary Hershorn, Khalilah Cooper, McDonald's, Cooper, We're, Britt, Justin Sullivan Organizations: Getty, U.S, YouTube, CNBC, Evergreen, Corbis, Lions Locations: Chicago , Illinois, mealtime, Evergreen Hills, New York City, Novato , California
Sam's Club CEO Chris Nicholas tells BI he wants shoppers to have all three. The Grapevine Sam's Club is literally bristling with tech, not just in the form of the hulking blue AI-powered gateways. Sam's Club has also been a test-bed for retail concepts that eventually find their way into Walmart's 4,600 US stores and beyond. He, too, previously served as Sam's Club CEO. "My hope is that Sam's Club, when you shop, feels like what it's like to shop in the future.
Persons: Chris Nicholas, Nicholas, , Dominick Reuter, it's, Sol Price —, Sam Walton, Sam's, John Furner, Doug McMillon strolled, jogger sweatpants Organizations: Sam's, Service, Costco, Walmart, Shoppers, innovating, Grapevine Sam's, Business, Sam's Club Locations: Texas, Grapevine , Texas, Grapevine, Dallas, Walmart's
Russia is unlikely to offer military intervention against Israel on behalf of the Iranians, Saab said, given it is already "too bogged down in Ukraine." In return for Iran's support, Russia has bolstered Iran's military capabilities in several areas, they noted: "Iran has made notable progress in acquiring advanced conventional weaponry from Russia, allowing it to achieve some of its defense officials' long-standing goals. Iranian protesters shout anti-Israeli slogans while burning an Israeli flag in a celebration for Iran's missile attack against Israel, in Tehran, Iran, on October 1, 2024. That shared antipathy toward the U.S. and desire to create a "new world order" are what largely binds Iran and Russia. Russia cannot — and will not — save Iran in its confrontation with Israel and the United States," he noted.
Persons: Vladimir Putin, Masoud Pezeshkian, Israel, Bilal Y, They've, Saab, It's, Karim Sadjadpour, Nicole Grajewski, Su, John Kirby, Morteza, Mikhail Svetlov, Bashar al, Nikita Smagin, Saudi Arabian Crown Prince Mohammed bin Salman Organizations: Getty, CNBC, Saab, North Africa, Israel, Kremlin, Carnegie Endowment, International Peace, Security, Ukraine, Nurphoto, United, Base, Russian International Affairs Council, Saudi Arabian Crown, Royal, Anadolu Locations: Ashgabat, Turkmenistan, Iran, Ukraine, Tehran, Russia, Islamic Republic, East, United States, Russian, U.S, Ukrainian, Gaza, Lebanon, Israel, Iranian, Yemen, Syria, Saudi Arabia, United Arab Emirates, Syria's, Moscow, Saudi, Al Yamamah, Riyadh
(CNN) — What would you do if your best friend (or sister, aunt, daughter) told you she had breast cancer? One in eight women in the United States will be diagnosed with breast cancer in her lifetime, according to the National Breast Cancer Foundation. Every breast cancer story is personalWhile the individual tales of each person with breast cancer share some of the same contours, the details and the story arcs can be vastly different. There are different types of breast cancer, and people are diagnosed at different stages (both Sidner and Lewis were stage III). “I don’t know of breast cancer in my family,” Sidner told Elam during their conversation.
Persons: Sanjay Gupta, , Stephanie Elam, Ananda Lewis, Elam’s, Sara Sidner, Sidner, Lewis, Elam, they’ve, ” Sidner, , it’s, Lewis –, , you’re, Don’t, ” Elam, Sara, Ananda, Organizations: Cancer, CNN, MTV, Senior, National Breast Cancer Foundation Locations: United States, Elam,
Check out the companies making headlines in midday trading: Boeing — The stock climbed 3%. Cigna — The insurer's stock slid more than 4% after Bloomberg reported, citing people familiar with the matter, that Cigna has reignited merger discussions with Humana. AppLovin — The application technology stock jumped 8% on the back of a major price target hike from Bank of America. Atlantic Union Bankshares — The holding company for Atlantic Union Bank pulled back more than 5% after third-quarter net interest income missed analysts' estimates. Atlantic Union reported net interest income of $186.8 million, while analysts polled by FactSet were looking for $195.0 million.
Persons: Warby Parker, Goldman Sachs, Cigna, AppLovin, Bernstein, FactSet, Johnson, , Samantha Subin, Michelle Fox, Alex Harring, Sean Conlon Organizations: Boeing, Bloomberg, Humana, United Parcel Service, Barclays, Bank of America, Southwest Airlines —, CNBC, Elliott Investment Management, ASML Holdings, Atlantic, Atlantic Union Bank, Atlantic Union, Johnson Locations: Bank
Humana , Cigna – Shares of both companies moved in opposite directions after Bloomberg, citing people familiar with the matter, reported that Cigna resumed merger talks with Humana. Humana gained more than 4% while Cigna fell a similar amount. UPS – Shares fell nearly 2% after a downgrade to underweight from equal weight at Barclays. Southwest Airlines – Shares dipped more than 1% before the market open. ASML – Shares fell more than 1% after Bernstein lowered its price target on the Dutch semiconductor equipment stock.
Persons: Johnson, Warby Parker, Goldman Sachs, Goldman, Cigna, Humana, Bernstein, , Alex Harring, Samantha Subin, Jesse Pound, Hakyung Kim, Michelle Fox Theobald Organizations: Wall Street Journal, Johnson, Boeing, Bloomberg, Humana, , Barclays, Amazon, Southwest Airlines, Elliott Investment Management, CNBC Locations:
Zomato's Blinkit, Zepto, and Swiggy, which runs the Instamart delivery service and is backed by SoftBank , did not respond to Reuters queries. India's biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies — Zomato's Blinkit, Swiggy and Zepto — for alleged predatory pricing, a letter showed on Sunday. "Implement protective measures for traditional distributors and small retailers to safeguard their interests," it urged the Competition Commission of India. Annual sales on Indian quick commerce platforms are set to exceed $6 billion this year, with Blinkit having a nearly 40% market share, while Swiggy and Zepto around 30% each, research firm Datum Intelligence said. Reflecting the strength of the quick commerce sector, Zomato's shares have doubled this year and Swiggy will in the coming weeks will launch its over $1 billion IPO.
Persons: Zomato's, SoftBank, , Swiggy Organizations: India Consumer Products Distributors Federation, Nestle, Hindustan Unilever, Reuters, Competition Commission of India, Blinkit, Intelligence, Sunday Locations: India
Elliott Investment Management launched a podcast to influence Southwest Airlines shareholders. AdvertisementLast week, activist firm Elliott Investment Management launched a podcast as part of its efforts to influence Southwest Airlines shareholders. Related storiesElliott said its "Stronger Southwest" podcast will have one-on-one conversations with the firm's nominated directors. But companies like Southwest and Disney, which saw similar activist interest last year, have a lot of individual investors. Before the podcast, Elliott rolled out a website and accounts on Instagram, X, and YouTube.
Persons: , Elliott, Bob Jordan, Jordan, Gary Kelly, Southwest's, Gregg Saretsky —, Scott Bisang, Bisang, Cas Sydorowitz, Georgeson, Sydorowitz, Disney, Nelson Peltz, Bob Iger Organizations: Elliott Investment Management, Southwest, Service, Apple, YouTube, Bloomberg, Disney, Hollywood
ACCRA, Ghana — Illegal small-scale gold mining in Ghana has been linked with the destruction of the environment and illness. A protest in Accra, Ghana, demanding government action on illegal gold mining. Yaw Amoafo, who owns several small gold mines employing 20 to 30 people each, said public anger at galamsey mining has forced him to cease operations. He added that he feared the government would introduce a short-term ban on small-scale mining, like the one it implemented in 2017. Earlier this year it opened the government-backed Royal Ghana Gold Refinery, with the intent of getting it accredited by the LBMA.
Persons: galamsey, Nana Akufo, Nipah Dennis, Cristina Aldehuela, Addo, Yaw Amoafo, , , Amoafo, Eddie James Richmond, Neil Harby, Harby, Francis Kokoroko, Swissaid Organizations: West, Water Resources Commission, Getty, Ghana’s Ministry of Land, Resources, Ghana Water Ltd, International Institute for Strategic Studies, Watch, Ghana’s Minerals, International Monetary Fund, Sahara Royal Gold Refinery, London Bullion Market Association, Reuters, State Department, Royal, Royal Ghana Gold Refinery Locations: ACCRA, Ghana, Accra, , AFP, Cape Coast, Pra, Kibi, London, U.K, South Africa, Africa, Switzerland, Mali, Zimbabwe, Royal Ghana
More than 70 S & P 500 names have posted their numbers, with 75% beating analyst earnings expectations. What history shows: General Motors has topped earnings estimates for eight straight quarters, Bespoke Investment Group data shows. What history shows: Coca-Cola has beaten analyst earnings expectations 73% of the time, Bespoke data shows. What history shows: Tesla has beaten earnings expectations 61% of the time, according to Bespoke. Thursday UPS is set to report earnings in the premarket, followed by a conference call at 8:30 a.m.
Persons: Michael Wayland, Mary Barra, Peter Grom, Leslie Josephs, Kelly Ortberg, TSLA, Dan Levy, Levy, Tesla Organizations: General Motors, Boeing, Netflix, CNBC, Detroit automaker, UBS, Management, Barclays, UPS, Amazon Logistics, Walmart, Citi Locations: China
Democratic Sen. Tammy Baldwin and Republican Eric Hovde sparred over abortion rights and economic issues Friday night during their first and only debate of a hotly contested Wisconsin Senate race that has tightened just weeks before Election Day. “Look, it’s been brought back to our state,” Hovde said during the exchange. It’s very clear that he has never read Roe v. Baldwin won her 2012 Senate race by more than 5 percentage points and her 2018 re-election contest by nearly 11 percentage points, demonstrating her appeal in rural areas. Baldwin received her undergraduate degree from Smith College in Massachusetts and graduated from the University of Wisconsin Law School.
Persons: Democratic Sen, Tammy Baldwin, Eric Hovde sparred, Hovde, Baldwin, “ Eric Hovde, , Roe, Wade, ” Baldwin, it’s, ” Hovde, , , , Amy Walter, you’ve, he’s, who’s, “ I’m, I’m, you’re Organizations: Democratic, Wisconsin Senate, U.S, Supreme, GOP, , Social Security, Washington , D.C, UW, “ Law, Smith College in, University of Wisconsin Law School, University of Wisconsin - Locations: Wisconsin, America, East, Ukraine, Washington, California, Washington ,, Smith College in Massachusetts, University of Wisconsin - Madison
CNN —Thousands of Floridians hunkered down at home and in evacuation shelters last week as Hurricane Milton slammed into Florida’s west coast. She ended up going into labor that night as Milton made a devastating landfall and moved inland, Furnas said. Furnas family/AdventHealthAfter 12 hours of labor, Furnas gave birth to her daughter Charlotte – one of 67 babies delivered at Florida’s AdventHealth hospitals during Milton. Nearly half of the babies were born across 14 AdventHealth hospitals in the Tampa area, according to the hospital system. Bringing home baby to storm damageDays before her due date, Hurricane Milton forced Hally Bojadzija and her husband Irfan to evacuate from St. Petersburg, Florida.
Persons: Milton, Zenia, Javier, , Cathie Perkins, , Madeline Furnas, Hurricane Milton, ” Furnas, Grant, Furnas, ” Grant, Charlotte, Charlotte –, AdventHealth, Mamie Rogers, ” Rogers, , Shaniya Dunchie, Shaniya, AdventHealth Dunchie, Shamar, ” Dunchie, Dunchie, Hally Bojadzija, Irfan, Hurricane Helene, Floridians, ” Bojadzija, Bojadzija, Hally, Irfan Bojadzija, Zahna, “ We’re, “ I’ve, CNN’s Sarah Dewberry, Andy Rose Organizations: CNN, Sheriff’s, Emergency, Orlando Health Bayfront Hospital Locations: Florida’s, Polk County, Polk, Pinellas County, Tavares , Florida, Furnas, Tavares, Orlando, Milton ., Orlando , Tampa, Daytona Beach , Orange City, Tampa, Winter Park , Florida, Hurricane, St . Petersburg , Florida, Jacksonville, St, Petersburg, downtown St, Florida
Advanced air defenses and anti-ship cruise missiles may also be on the table. Iran has ordered Su-35 fighters and also wants S-400 Triumf air defenses to, among other things, face Israel's superior missiles and air force. If all these deals do go forward, they would enhance the military capabilities of Iran and its allied militias. While the type of equipment was not specified, it could be the S-400 Iran has long sought. Iran is seeking Russia's S-400 air defenses.
Persons: , Su, Justin Bronk, Bronk, Anton Mardasov, hasn't, Mardasov, parry, Israel, Vladimir Putin Organizations: Service, Iran, Technology, Military Sciences, United Kingdom's Royal United Services Institute, The New York Times, Russian Defense Ministry, Anadolu Agency, Getty, Moscow, Iran's Locations: Russia, Iran, Israel, Ukraine, Tehran, East, Syria, Moscow, Saudi Arabia, United States, Russian, Kyiv, Panamanian, Lebanon
Tentative deal announced to end Boeing strike
  + stars: | 2024-10-19 | by ( Chris Isidore | ) edition.cnn.com   time to read: +6 min
New York CNN —A tentative deal has been reached to end the five-week-long strike at troubled aircraft maker Boeing, the union announced to its 33,000 striking members early Saturday. Rank-and-file already nearly unanimously rejected a previous tentative agreement, precipitating the first strike at the company in 16 years. Many union members had expressed anger over the loss of the pensions. The union credited Acting Labor Secretary Julie Su with brokering the deal in indirect talks between the union and management. A week after that deal was rejected, Boeing improved its offer to 30% in wage increases over the four-year deal, terming that its best and final offer.
Persons: Kelly Ortberg, Julie Su, Su, Max Organizations: New, New York CNN, Boeing, International Association of Machinists, International Longshoremen’s Association, Gulf, Airbus, Alaska Airlines, Federal Aviation Administration Locations: New York
I was charged $2,500 for damages on my rental car, and I didn't have insurance — just my credit card reimbursement. Luckily, I had rental car insurance through my Chase Freedom credit card. I make it a point to book rental cars on a credit card with a rental car insurance benefit so I can decline the rental car company's collision insurance and save money while still being covered. I saved $250 on my rental car reservation this time by declining the collision damage waiver. I missed one essential documentWhen I got home from Costa Rica, I started the claims process with my credit card immediately so I could be reimbursed for the $2,500 charge before my credit card bill was due.
Persons: , I'd, takeout, Chase, they're, I've, I'm, I, That's Organizations: Business, Service, Enterprise, Chase, Chase Travel, Spanish, Costa Rica —, Costa Rican Enterprise, U.S . Enterprise Locations: Costa Rica, San, Puerto Viejo, Costa Rican
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