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☆ Boeing machinists to vote on new proposal with 35% raises that could end strike
▼ + stars: | 2024-10-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

People hold sings during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024. Boeing and its machinists' union have reached a new contract proposal, the union said Saturday, outlining a deal that could end a more than month-long strike that has hobbled the manufacturers' aircraft production. The strike began Sept. 13 after more than 30,000 machinists overwhelmingly rejected a tentative agreement that included 25% wage increases over four years. Boeing later made a sweetened offer but the union blasted it saying it was not negotiated. "We look forward to our employees voting on the negotiated proposal," Boeing said in a statement.

Persons: Labor Julie Su, Kelly Ortberg Organizations: International Association of Machinists, Aerospace Workers, Seattle Union Hall, Boeing, Labor, U.S Locations: Seattle , Washington

☆ Boeing and union leaders reach tentative deal to end strike
▼ + stars: | 2024-10-19 | by ( Nathan Rennolds | Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Boeing and union leaders have reached a deal that could end a weekslong strike. AdvertisementBoeing and leaders from a union representing striking machinists have reached a deal that could end a strike that has lasted over a month. About 33,000 Boeing workers have been on strike in the Pacific Northwest for over a month, halting much of Boeing's production. Bank of America analysts estimated that the strike is costing Boeing $50 million a day. Less than a week after the strike began, Boeing CEO Kelly Ortberg said the company would furlough white-collar workers in an email to employees.

Persons: —, Labor Julie Su, who've, Kelly Ortberg, Ortberg Organizations: Boeing, Service, International Association of Machinists, Aerospace Workers, Labor, Bank of America, Federal Aviation Administration, Alaska Airlines, Space Station Locations: Pacific Northwest

☆ 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

☆ North Korean troops in Russia readying for combat in Ukraine war, S.Korea says
▼ + stars: | 2024-10-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

SEOUL — North Korea has shipped 1,500 special forces troops to Russia’s far east for training and acclimatizing at local military bases and will likely be deployed for combat in the war in Ukraine, South Korea’s spy agency said on Friday. South Korea’s National Intelligence Service (NIS) also said it had been working with Ukrainian intelligence service and had used facial recognition artificial intelligence technology to identify North Korean officers in eastern Ukraine’s Donetsk region supporting Russian forces firing North Korean missiles. Earlier, South Korean President Yoon Suk Yeol called an unscheduled security meeting with key intelligence, military and national security officials to discuss North Korean troops’ involvement in Russia’s war against Ukraine, Yoon’s office said. Yoon’s office said South Korea, together with its allies, has been closely tracking North Korea’s troop dispatch to Russia from the initial stages. South Korea will respond to the North’s activities with all available means, it added, without elaborating on what actions it might take.

Persons: Yoon Suk Organizations: Korea’s National Intelligence Service, Korean, South, Ukraine Locations: SEOUL, North Korea, Ukraine, South, Ukraine’s Donetsk, Russian, Korea, Russia, North, South Korea, Washington

☆ Oil edges up, but on track for biggest weekly loss in over a month
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: +2 min

Crude oil futures inched higher on Friday, supported by a surprise drop in U.S. oil inventories and simmering Middle East tensions, but prices were headed for their biggest weekly loss in more than a month on worries of lower demand. Both contracts settled higher on Thursday for the first time in five sessions after data from the Energy Information Administration showed that U.S. crude oil, gasoline and distillate inventories fell last week. "Speculative positioning across the ICE Brent complex strengthened from historically low levels, on heightened geopolitical risk of a potential Israeli strike on Iran's oil infrastructure," Citi analysts said in a note. Citi expects global oil demand to slow to 900,000 bpd in 2025 from 1 million bpd this year on an economic slowdown and as more electric vehicles hit the road. The "potential impact of China's emerging economic stimulus plans on oil demand is uncertain, and more robust support may only result in a limited boost," it added.

Persons: Brent, WTI Organizations: Brent, West Texas, Energy, Administration, of, Petroleum, International Energy Agency, ICE, Citi Locations: San Joaquin Valley, McKittrick , California, OPEC, Israel, Iran

☆ S&P 500 eyes another record close — plus, our 2 health-care stocks that defied the group
▼ + stars: | 2024-10-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Markets: The S & P 500 is on pace for another record close and its sixth straight positive week. Financials also continued their strong run this week thanks to strong earnings from banks such as Club holding Morgan Stanley and other financial services companies. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, hasn't, Financials, Morgan Stanley, Danaher, we'll, Jim Cramer's, Jim Organizations: CNBC, ., ASML Holdings, Taiwan Semiconductor Manufacturing Company, Nvidia, bellwether, Abbott Laboratories, UBS, Mizuho, . Energy, Texas, OPEC, International Energy Agency, Coterra Energy, Dow Jones, Dover, Honeywell, Jim Cramer's Charitable

☆ Ukraine: North Korea is sending 12,000 troop to aid Russia’s war, South Korea intelligence says
▼ + stars: | 2024-10-18 | by ( Story Associated Press | ) edition.cnn.com time to read: +3 min

Seoul, South Korea AP —South Korean intelligence has found that North Korea has dispatched 12,000 troops including special operation forces to support Russia’s war against Ukraine, news reports said Friday, a development that could bring a third country into the war and intensify a standoff between North Korea and the West. North Korea has 1.2 million troops, one of the largest militaries in the world, but it lacks actual combat experience. Many experts question how much the North Korean troop dispatch would help Russia, citing North Korea’s outdated equipment and shortage of battle experiences. The statement said participants of the meeting agreed that North Korea’s troop dispatch poses a grave security threat to South Korea and the international community. Outside officials and experts say North Korea in exchange possibly received badly needed food and economic aid and technology assistance aimed at upgrading Kim’s nuclear-armed military.

Persons: Kim Jong Un, Vladimir Putin, Yoon Suk Yeol, Dmitry Peskov, Volodymyr Zelenskyy, we’ve, ” Zelenskyy, Mark Rutte Organizations: South Korea AP — South, National Intelligence Service, NIS, North, NATO Locations: Seoul, South Korea, Korea, Ukraine, North Korea, Korean, Russia, Pyongyang, Russian, Ukrainian, Donetsk, Moscow

Madrid CNN —From exile in Spain, Venezuela’s opposition leader sat down with CNN en Español on Thursday where he spoke about the “nightmare” of his last days in Caracas and his hope to find a solution to Venezuela’s political crisis. In his first television interview since leaving Venezuela, Edmundo González Urrutia explained the role of the Spanish government in his departure from the Latin American country. Venezuela’s opposition and multiple Latin American leaders refused to recognize Maduro’s victory, which sparked deadly protests during which thousands were arrested. On September 18, the Spanish Senate approved by majority a motion presented by the Popular Party urging the Spanish government to recognize González as the elected president of Venezuela. Regarding the official figures, González says that “there is no evidence to prove they [Maduro’s regime] won.”The opposition candidate said that an inauguration in exile has not been considered.

Persons: Venezuela’s, Edmundo González Urrutia, Nicolas Maduro, Gonzalez, ‘, ’ González, ”, González, Maduro’s, Delcy Rodríguez, Jorge Rodríguez, “, Federico Parra, María Corina Machado, María Corina Machado —, Machado, Maduro, Nicolás Maduro, Florida’s, Edmundo González, Cristina Narbona, Delcy, Narbona, Alfredo Lasry R, ” González, Pedro Sánchez, Nicolás Organizations: Madrid CNN —, CNN, Venezuelan Public Ministry, Spanish, Justice, Venezuelan, National Assembly, Venezuela’s National, Getty, Venezuela “, Spain’s Ministry of Foreign Affairs, Spanish Socialist Workers ’ Party, PSOE, Spanish Civil Guard, Barajas Airport, ”, Popular Party, Spain’s, Colombian, Electoral Council of Venezuela, Chavismo Locations: Madrid, Spain, Caracas, Venezuela, Spanish, Kingdom of Spain, AFP, Venezuelan, ”, ” Venezuela

CAMP HILL, Pa. — Democrats have long tried to oust Rep. Scott Perry, the former head of the far-right Freedom Caucus and a staunch Donald Trump ally, in this Pennsylvania swing district. We need to be educated, we need to be safe, we need to be healthy,” she continued. And, you know, she just rattles it off,” Perry said, referring to the House Democrats’ campaign operation. On immigration, Stelson sounds much like Perry and Trump, calling for more border funding and deporting those who are in the country illegally. That takes more judges, more attorneys, and I think that people who are here illegally need to be sent home, as well."

Persons: Scott Perry, Donald Trump, Janelle Stelson, Perry, MAGA, —, It’s, Trump, Joe Biden, Shamaine Daniels, Josh Shapiro, Scott Wong, “ It’s, ” Perry, She’s, “ She’s, Stelson, Andrea Mitchell, staving, Court’s Dobbs, Roe, Wade, Dobbs, ” Stelson, “, doesn’t, hasn’t, Abigail Spanberger, Del, Eleanor Holmes Norton, Mike Pence, Jeffrey Clark, Mike Johnson, Johnson, ” Organizations: Democrats, Caucus, Capitol, Republican, Cornerstone, State Capitol, Democratic, National Democrats, Harrisburg City, GOP, NBC, House Democrats, MSNBC, ABC, WGAL, Hamas, Washington, Capitol Police, White, FBI, Intelligence Locations: HILL, Pa, Pennsylvania, Harrisburg, Pennsylvania’s 10th, Camp Hill, Washington, Iraq, Lancaster, “, District, Dauphin, Cumberland

In an interview with NBC News, Shaban's 17-year-old brother, Mohammed al-Dalu, described the Israeli attack that killed his mother and brother, saying he saw something fall on Shaban's leg, pinning him down. He tried to run into the tent to save his brother, but several men held him back. "No one let me see my brother Shaban," he said. His mother, Mohammed said, "she remained asleep. The site of the Israeli airstrike on the Al-Aqsa Martyrs Hospital compound in Deir al-Balah, central Gaza, on Monday.

Persons: Alaa, Mohammed al, Shaban, Mohammed, GoFundMe, Ahmed al, he'd, Israel, Abdallah F.S, ”, Matthew Miller, “, ” Miller, Médecins Organizations: Aqsa Martyrs Hospital, NBC News, Al, “, Getty, International Court of Justice, United Nations, U.S, Department, Israel Defense Forces, IDF, NBC, AFP Locations: Al, Aqsa, Deir al, Al Jazeera, Israel, Gaza, Anadolu, Egypt

☆ NASA is planning to give the beleaguered Boeing Starliner another shot at space — in late 2025
▼ + stars: | 2024-10-17 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

NASA is planning to give the Boeing Starliner another chance. The agency has scheduled two SpaceX launches — Crew-10 and Crew-11 — for 2025. AdvertisementNASA has released the schedule for its commercial launches in 2025, and the Boeing Starliner is slated to get another chance at spaceflight. Advertisement"Meanwhile, NASA is keeping options on the table for how best to achieve system certification, including windows of opportunity for a potential Starliner flight in 2025," it added. The duo are scheduled to return via the SpaceX Crew Dragon in February 2025.

Persons: Starliner, —, Anne McClain, Nichole Ayers, Russia's Roscosmos, Butch Wilmore, Suni Williams, Williams, Elon Musk, NASA didn't Organizations: NASA, Boeing, SpaceX, —, Service, Japan Aerospace Exploration Agency, International, Station, Starliner, Federal Aviation Administration, FAA, Business Locations: New Mexico

☆ Kamala Harris works to fortify the ‘blue wall’ as Democrats fret over a 2016 repeat
▼ + stars: | 2024-10-17 | by ( Jeff Zeleny | Eric Bradner | ) edition.cnn.com time to read: +14 min

“It’s both persuading and mobilizing at the same time – really until the end,” said Dan Kanninen, battleground director for the Harris campaign. In Pennsylvania, Harris lacks a key element of Biden’s appeal: The Catholic, working-class son of Scranton had local and cultural ties to the state. Vice President Kamala Harris speaks at a campaign event in Washington Crossing, Pennsylvania, on October 16, 2024. “Kamala is for they/them,” a Trump campaign ad declares. But he said it was clear to him that the Harris campaign has learned lessons from 2016.

Persons: Milwaukee CNN — Kamala Harris, Donald Trump’s, lockstep –, Harris, Trump, “, Gretchen Whitmer, Brian Schimming, I’ll, ” Schimming, ” Harris, ”, Liz Cheney, It’s, –, Dan Kanninen, Donald Trump, ” Kanninen, Joe Biden, – Whitmer, Tony Evers, Josh Shapiro, Pennsylvania –, “ We’re, ” Evers, Whitmer, Evers, ” Whitmer, Sarah Kloepping, Michael Dukakis, George H.W, Bush, Gerald Ford, Jimmy Carter, “ It’s, they’ve, Barry Burden, Biden, ” Biden, Barack Obama, Kamala, Harris ’, Tim Walz, Walz, Let’s, Howard Stern, Kamala Harris, Evelyn Hockstein, outspending, “ Kamala, Jill Stein, Stein, Robert F, Kennedy Jr, Kennedy, “ She’s, Christine Fink, Fink, “ I’ve, Phil Swanhorst, “ Trump, Clinton, ” Swanhorst, ” CNN’s David Wright Organizations: Milwaukee CNN, CNN, Wisconsin Republican Party, GOP, Democratic, Republicans, Wyoming, Trump ., Pennsylvania, “, ” Michigan, USA, Elections Research, University of Wisconsin -, Philadelphia Democrats ’, International Brotherhood of Teamsters, International Association of Fire Fighters, Democrats, Republican, Trump, Keystone State, Michigan, Green Party, Cornel West, Democratic National Committee, ”, Libertarian Party, Democratic Party Locations: Wisconsin , Michigan, Pennsylvania, Lakes, lockstep, Michigan, Wisconsin, Harris, Bucks County , Pennsylvania, Bucks County, Oakland County , Michigan, Waukesha County , Wisconsin, Arizona , Georgia, Nevada, North Carolina, Tony Evers of Wisconsin, Hudson , Wisconsin, Green Bay , Wisconsin, University of Wisconsin - Madison, Scranton, ”, Dearborn, Gaza, Detroit, Minnesota, Washington Crossing , Pennsylvania, Georgia , North Carolina, Arizona, Trump, Eau Claire, Ireland, Hillary, Eau Claire County

☆ Oil inches up after surprise drop in U.S. crude stockpiles
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: +2 min

Oil prices rose in early Asian trade on Thursday, paring sharp losses over the past two sessions, after industry data showed an unexpected drop in U.S. crude stockpiles last week. It's coming, we know that but we don't know when," Sycamore said, adding that both factors bring upside risks for crude oil. In the U.S., crude oil and fuel stocks fell last week, market sources said, citing American Petroleum Institute figures on Wednesday, against expectations of a build-up in crude stockpiles. Crude stocks fell by 1.58 million barrels in the week ended Oct. 11, the sources said on condition of anonymity. Gasoline inventories fell by 5.93 million barrels, and distillate stocks fell by 2.67 million barrels, they said.

Persons: Tony Sycamore, Sycamore Organizations: Brent, U.S, West Texas, Organization of, Petroleum, International Energy Agency, China NPC, IG, Investors, American Petroleum Institute, Reuters, Energy Information Administration, U.S . Department of Energy, European Central Bank Locations: Almetyevsk, Tatarstan, Russia, Israel, Iran, China, Sydney, Beijing, U.S

☆ Boeing delays are wreaking havoc with the airline industry's plans, and flyers may well feel the pain
▼ + stars: | 2024-10-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Several airlines have criticized Boeing for delivery delays. Ryanair CEO Michael O'Leary told Reuters Wednesday that the airline is likely to cut its traffic growth expectations for next year as it predicts delivery delays. Also on Wednesday, at an Irish think tank event, the head of the world's foremost airline trade group spoke out about delivery delays. AdvertisementLast Friday, Boeing announced further delays to its 777X jet, with its first delivery pushed from 2025 to 2026. AdvertisementThe Boeing 777X was delayed again last week, leading to sharp criticism from the boss of Emirates, one of Boeing's biggest customers.

Persons: Michael O'Leary, —, O'Leary, Willie Walsh, Walsh, Tim Clark, GIUSEPPE CACACE, I've, Carsten Spohr, Spohr Organizations: Boeing, Service, Ryanair, Reuters, International Air Transport Association, Guardian, Airbus . Supply, Alaska Airlines, Emirates, Business, Getty, Lufthansa, Airlines, Europe, Financial Times, BI Locations: Irish, AFP, Emirates

☆ Oil prices could soar 62% by early 2025 if the geopolitical situation deteriorates, Citi strategist says
▼ + stars: | 2024-10-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The price of oil could hit $120 a barrel by early 2025, according to Citi. AdvertisementOil prices could soar more than 60% by early next year if conflict in the Middle East continues to escalate, according to Citi. The bank said oil prices could go as high as $120 per barrel in the first quarter of 2025, implying a 62% increase. The forecast is Citi's bull case for oil, which hinges on conflict in the Middle East escalating and sparking disruptions to supply. Oil prices could fall as much as 33%, Saudi Arabia's oil minister said in a recent conference call, adding that he believed OPEC+ producers were pumping too much oil.

Persons: —, Israel, Eric Lee, Lee, we're Organizations: Citi, Service, Brent, Yahoo Finance, United Arab Locations: Israel, Iran, Russia, Ukraine, Saudi Arabia, United Arab Emirates, OPEC, East, Saudi

☆ IMF chief warns 'not yet time to celebrate' as low growth and high debt weigh on global economy
▼ + stars: | 2024-10-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

The head of the International Monetary Fund cautioned on Thursday that high debt and low growth remained major impediments to the global economy. "When we look into the challenges ahead of us, the biggest one is low growth, high debt. "It is successful major economies that have done really well … and there are pockets in the world where inflation is still a problem," she said. Georgieva warned that international trade would no longer be the "engine of growth" it once was, highlighting the proliferation of restrictive policies among many economies. Earlier on Thursday, Georgieva also pointed to wider geopolitical tensions as one of the key risks to global financial stability.

Persons: Kristalina Georgieva, Karen Tso, Georgieva, Ukraine — Organizations: International Monetary Fund, IMF, CNBC, Washington DC, World Bank Group, European Union, Ukraine Locations: Washington, U.S, China, United States

Products displayed at the Schneider Electric SE booth at the International Photovoltaic Power Generation and Smart Energy Expo in Shanghai, China, on Thursday, June 13, 2024. The chief executive of French power-equipment maker Schneider Electric said on Thursday that the firm's $850 million deal to take a controlling stake in U.S.-based liquid cooling company Motivair will help to bolster its offering to fast-growing and energy-intensive data centers. "We've always said we are going to be agile in respect to acquisitions and targets out there that fit exactly into the strategy of Schneider Electric," Schneider Electric CEO Peter Herweck told CNBC's "Squawk Box Europe" on Thursday. Herweck said the all-cash deal to acquire an initial 75% controlling interest in the equity of Motivair, which was announced on Thursday, was "rich, but not overly expensive" and "fits great" with the firm's strategy. The acquisition takes place as a global rush for the next wave of generative AI coincides with increasing public scrutiny on environmental concerns, with technology giants recently pivoting to nuclear in an attempt to power its AI ambitions.

Persons: We've, Peter Herweck, CNBC's, Herweck, — Sam Meredith Organizations: Schneider, International, Power, Smart Energy Locations: Shanghai, China, U.S

☆ Gold is the 'last safe haven' as Treasurys face risks from soaring US debt, Bank of America says
▼ + stars: | 2024-10-17 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Traders and central banks should increase exposure to gold, Bank of America says. The analysts see gold hitting $3,000 an ounce by the end of next year, implying 11% upside. AdvertisementGold is increasingly attractive as other traditional "safe haven" assets face mounting risks, Bank of America strategists said. "Gold looks to be the last 'safe haven' asset standing, incentivising traders including central banks to increase exposure," the strategists said in a Wednesday note. The Bank of America analysts note that gold now makes up 10% of central bank reserves, up from 3% a decade ago.

Persons: — Organizations: Bank of America, Service, International Monetary Fund, US Treasury, Investors, Federal Reserve

☆ Boeing strike enters second month as workers rally in Seattle
▼ + stars: | 2024-10-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

SEATTLE — Boeing factory workers held a large rally in Seattle on Tuesday to demand a better wage deal, mounting pressure on new CEO Kelly Ortberg to end a bitter strike that has plunged the planemaker further into financial crisis. “We’re not afraid of them.”A strike rally for the International Association of Machinists and Aerospace Workers in Seattle on Tuesday. U.S. Representative Pramila Jayapal, whose district includes downtown Seattle, addressed the cheering crowd on Tuesday, criticizing Boeing and calling on Ortberg to end the strike. “Let’s make Seattle Boeing town again!”‘NO PENSION, NO WRENCHING’IAM members have been holding smaller picket lines in front of Boeing sites throughout the strike. A Boeing spokesperson said on Monday the planned job cuts included both union and non-union workers, but striking IAM employees were not currently affected.

Persons: Kelly Ortberg, Maria Cantwell, X, Patty Murray, Adam Smith, Rick Larsen, ”, Matthew Wright, We’re, Jason Redmond, Julie Su, Pramila Jayapal, “, “ Kelly Ortberg, Jon Holden, ” Holden Organizations: SEATTLE — Boeing, Reuters, Democrats, Boeing, U.S, West, International Association of Machinists, Aerospace Workers, Getty, Labor, IAM, Seattle Boeing, Seattle, Microsoft Locations: Seattle, Washington, West Coast, AFP, United States, America, Seattle —, ”

☆ An incoming 'M&A supercycle' wouldn't just be a win for dealmakers
▼ + stars: | 2024-10-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, Goldman Sachs' earnings result might be a sign of the long-awaited return of M&A . The big storyM&A for allWin McNamee/Getty ImagesDon't look now, but M&A might finally be coming back. Goldman Sachs, Wall Street's perennial M&A king, smashed analysts' third-quarter expectations , notching $3 billion in profits. One analyst took things a step further, floating the idea of an "M&A supercycle" once the money that's been sitting on the sidelines finally gets put to work.

Persons: —, Goldman Sachs, Win McNamee, Insider's Reed Alexander, David Solomon, that's, Jenny Chang, Rodriguez, Mariana Bazo, Tyler Le, TSMC, Biden, Donald Trump, Elon Musk, TK, Alex Brandon Elon Musk, Kamala Harris, Alain Tascan, Jeet Shroff, Shroff, Morgan Stanley, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, LaGuardia Airport, Getty, BI, Monetary Fund, Chartered, Apple, Bloomberg, Google, Trump, PAC, America PAC, AP, Trump PAC, Epic, Discover Financial Services Locations: Midtown Manhattan, China, lockstep, New York, London

☆ The next time an astronaut steps foot on the moon, it could be in a Prada spacesuit. See the design.
▼ + stars: | 2024-10-16 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +5 min

Axiom Space unveiled a Prada-designed spacesuit on Wednesday at the International Astronautical Congress in Milan, where Prada is headquartered. The Prada spacesuit is designed to withstand extreme temperatures. Russell Ralston, executive vice president of extravehicular activity at Axiom Space, told Business Insider that the "critical design review" stage will begin in 2025. Advertisement"Once the AxEMU spacesuit is through NASA's CDR and qualification testing, the spacesuit will be ready for the Artemis III mission," he said in a statement. Artemis III will follow NASA's Artemis II, which is scheduled to launch no earlier than September 2025.

Persons: Artemis, —, Michael Suffredini, Matt Ondler, it's, Russell Ralston, Prada, Artemis III Organizations: Prada, Service, International Astronautical, NASA, Extravehicular, Mercury, Space, Business Locations: Milan, Houston

☆ Prada and Axiom Space unveil spacesuit designs for NASA’s Artemis III moon mission
▼ + stars: | 2024-10-16 | by ( Marianna Cerini | Leah Dolan | ) edition.cnn.com time to read: +2 min

Milan CNN —Luxury fashion house Prada and commercial space company Axiom Space have unveiled the designs for a spacesuit that will be worn for NASA’s Artemis III moon mission. “This is a groundbreaking partnership,” said Russel Ralston, executive vice president of Axiom Space, during the press conference. “We’re blending engineering, science and art.”The spacesuit will be used for NASA’s Artemis III mission, planned for 2026. Prada & Axiom SpaceThe slick looking suits include a range of innovative features. Prada & Axiom SpaceCurrently scheduled for the second half of 2026, NASA’s Artemis III mission plans to be the first astronaut moon landing since Apollo 17 in 1972.

Persons: Milan, Artemis, ”, Russel Ralston, Lorenzo Bertelli, ” Bertelli, “, it’ll Organizations: Milan CNN, International Astronautical, Linea, Prada, Mobility, Prada Group Locations: Milan, Houston

☆ Archaeologists found Viking skeletons over 1,000 years old buried with a crystal and other treasures. They're improving our understanding of how wealthy Vikings once lived.
▼ + stars: | 2024-10-16 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +2 min

Archaeologists found 50 Viking-era skeletons in Åsum, Denmark. Dating back to the 9th or 10th century, the graves are evidence of international trade. The area's growth was influenced by these trade routes and its proximity to the sea. They had no idea they were standing on the well-preserved graves of 50 Viking-era skeletons. "As we suspected, the graves tell us a story of people connected to the international trade routes," Borre Lundø told Business Insider via email.

Persons: —, Michael Borre Lundø, Borre Lundø Organizations: Service, Associated Press, Museum Locations: Åsum, Denmark, Museum Odense, Odense

☆ Consumers are in for some relief: Lower energy prices are on the way
▼ + stars: | 2024-10-16 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +5 min

London CNN —For consumers still scarred by jumps in their energy bills in recent years, the International Energy Agency has good news: Oil and natural gas prices will probably be lower over the next five years. Energy prices soared in the wake of Russia’s full-scale invasion of Ukraine in February 2022, which followed a rise in global demand as economies reopened after Covid lockdowns put lives on hold. And that “would move us into a very different energy world from the one we have experienced in recent years during the global energy crisis,” he added in a statement accompanying the IEA’s latest World Energy Outlook report. But global oil output has been increasing, thanks mostly to producers in the United States and other countries in the Americas. The energy body reiterated its previous forecasts that demand for oil, natural gas and coal will peak by the end of the decade.

Persons: Covid lockdowns, Ukraine don’t, Fatih Birol, Birol, ” Birol, “ Organizations: London CNN, International Energy Agency, Energy, Brent, IEA, US, CNN, ” Locations: Ukraine, United States, Americas, Qatar

☆ What Boeing’s massive financial crisis means for you
▼ + stars: | 2024-10-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —Boeing’s finances are a multi-billion-dollar problem for the company, its employees, suppliers and airline customers. But Boeing’s financial problems, which started long before the strike could hurt the broader US economy. Hit to the economyBoeing’s financial problems are bad news for the US economy. But the other way that the financial problems would spread beyond Boeing will be the impact of the strike on suppliers. Boeing’s credit rating is at risk of being downgraded to junk bond status, which would create more financial problems by raising its cost of borrowing.

Persons: International Association of Machinists, Boeing won’t, Max Organizations: New, New York CNN, International Association of, Boeing, Anderson Economic Group, General Motors, Airbus Locations: New York, United States, Washington

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