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☆ Boeing's latest headache: a possible junk downgrade
▼ + stars: | 2024-10-09 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

S&P Global Ratings may downgrade Boeing bonds due to cash issues amid a strike. The strike risks Boeing's recovery and affects 737 Max production — and the company's cash flow. Moody's also recently put Boeing on a downgrade review. AdvertisementTo add to Boeing's list of troubles, S&P Global Ratings is considering downgrading its bonds because of the company's growing cash problems amid a mass workers' strike. Last month, another credit agency, Moody's, also put the company on a downgrade review, citing the strike and its impact on cash flow.

Persons: —, Moody's, Max Organizations: Boeing, Service Locations: Washington and Oregon, furloughing

☆ Boeing withdraws contract offer after talks with union end without a deal
▼ + stars: | 2024-10-09 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Workers picket outside a Boeing Co. facility during a strike in Everett, Washington, US, on Monday, Sept. 16, 2024. Boeing Co. factory workers walked off the job for the first time in 16 years, halting manufacturing across the planemaker's Seattle hub after members of its largest union voted overwhelmingly to reject a contract offer and go on strike. Boeing withdrew a contract offer for 33,000 machinists who have been on strike since mid-September, and said further negotiations "do not make sense at this point." Boeing later sweetened the offer, increasing pay raises, a ratification bonus and other improvements, which the union turned down, arguing that it was not negotiated. The union, the International Association of Machinists and Aerospace Workers, said Tuesday that Boeing refused to improve wages, retirement plans and vacation or sick leave.

Persons: Stephanie Pope, Pope Organizations: Boeing Co, Boeing, Puget, International Association of Machinists, Aerospace Workers Locations: Everett , Washington, US, Seattle

☆ Boeing's negotiations with union leaders break down 2 days after restarting
▼ + stars: | 2024-10-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Boeing and union leaders resumed negotiations on Monday but reached a stalemate by the end of Tuesday. AdvertisementTalks between Boeing and union leaders have broken down two days after restarting. The first offer of a 25% pay rise was overwhelmingly rejected, while the union criticized Boeing for sending its second offer to the media and not negotiating with union leaders. "The company was hell-bent on standing on the non-negotiated offer," the union negotiating committee for IAM District 751 said on Tuesday. The IAM District 751 negotiating committee also said it "remains ready to continue mediated or direct talks."

Persons: —, Stephanie Pope, Pope, Ron Epstein, Jon Ostrower, Kelly Ortberg Organizations: Boeing, Bank of America, Service, International Association of Machinists, Aerospace Workers, IAM, The, Alaska Airlines Locations: Seattle, Pacific

☆ 3-Stock Lunch: Boeing, Generac Holdings & Reddit
▼ + stars: | 2024-10-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: Boeing, Generac Holdings & RedditBill Strazzullo, Bell Curve Trading chief marketing strategist, joins ‘Power Lunch’ to discuss stock plays for three stocks.

Persons: Bill Strazzullo Organizations: Boeing, Generac Holdings, Bell Curve Trading

☆ Stocks making the biggest moves premarket: Boeing, Alphabet, Blackstone, GitLab and more
▼ + stars: | 2024-10-09 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Reddit — Shares rose more than 2% after Jefferies initiated research coverage with a buy rating and a Sreet-high price target. Rio Tinto , Arcadium Lithium — The two minerals stocks moved in opposite directions after the companies announced a deal for Rio Tinto to buy Arcadium for $5.85 per share. Shares of Rio Tinto dipped 1.2%, while shares of Arcadium surged 30%. GitLab — Shares rose 5% after Morgan Stanley initiated research coverage of the software stock with an overweight rating . Chewy — Shares rose nearly 2% after TD Cowen initiated research coverage of the pet products retailer with a buy rating.

Persons: Jefferies, Blackstone — Piper Sandler, Morgan Stanley, Sanjit Singh, Nio, TD Cowen, — CNBC's Sean Conlon, Lisa Han, Alex Harring, Jesse Pound, Hakyung Kim Organizations: Boeing, Department, Rio Tinto, Federal, Cruise, Citigroup, Citi Locations: Rio, Arcadium, Nio —

In the long list of issues with in-flight entertainment, passengers on a recent flight from Sydney to Tokyo may have been exposed to a new one: A sexually explicit movie playing on every screen. Australian airline Qantas has now apologized after the incident during a flight last week. Technical issues made individual movie selection unavailable, so a movie was selected out of a limited list for the entire flight based on a request from some passengers, the airline said. "The movie they played was extremely inappropriate," a passenger who said they were on the flight from Sydney to Tokyo's Haneda Airport, wrote on Reddit. “All screens were changed to a family friendly movie for the rest of the flight, which is our standard practice for the rare cases where individual movie selection isn’t possible," it added.

Persons: James D, Morgan, “, ” Organizations: Qantas, Qantas Boeing, Kingsford Smith International Airport Locations: Sydney, Tokyo

☆ Boeing delivers 33 jets in September but strike impact looms
▼ + stars: | 2024-10-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing delivered 33 airplanes in September, six more than during the same period a year earlier, as the company and its customers keep an eye on the impact of a machinist strike, now in its fourth week. Through September, Boeing has handed over 291 aircraft, well below the 371 it had delivered in the first nine months of 2023. Deliveries are key to Boeing. It's already burned through more than $8 billion this year since customers pay the bulk of the price when they receive the airplane. The two sides are back at the negotiating table this week, though the union dismissed a sweetened offer from Boeing last month.

Persons: machinists Organizations: Boeing, Airbus, United Airlines, Ryanair, Southwest Airlines Locations: Renton , Washington

☆ Talks between Boeing and striking union break down
▼ + stars: | 2024-10-08 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Boeing and the union that represents 33,000 striking employees at the company say talks between the two have broken down and no new talks are scheduled. A previous tentative agreement between the union and Boeing ahead of the strike was rejected nearly unanimously by the members now on strike. Union members are angry that they lost the traditional pension plan that they had at Boeing until 10 years ago. Boeing on Tuesday said that it is trying to reach a deal with the union that will bring the strike to an end. But the union said Boeing refused to improve the publicly disclosed offer of two weeks ago.

Persons: Stephanie Pope, ”, “ Organizations: New, New York CNN, Boeing, International Association of Machinists, Standard, Federal Aviation Administration Locations: New York, Washington

☆ S&P places Boeing on 'creditwatch negative' on strike-related financial risk
▼ + stars: | 2024-10-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailS&P places Boeing on 'creditwatch negative' on strike-related financial riskSheila Kahyaoglu, Jefferies analyst, joins 'Closing Bell Overtime' to talk Boeing's recent slate of troubles and what it means for the stock.

Persons: Sheila Kahyaoglu Organizations: Boeing, Jefferies

☆ Some stocks could see further downside as investors sell to save on taxes, Morgan Stanley found
▼ + stars: | 2024-10-08 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Some of the biggest losing stocks in 2024 could be in for even steeper declines as investors jettison them to save on taxes, according to Morgan Stanley. Such moves, known as tax loss harvesting, helps investors trim their tax bills the next year. Boeing pressure Beleaguered aerospace company Boeing was also called out by Morgan Stanley as likely to see pressure tied to tax loss selling. Morgan Stanley also called out oil service giant Halliburton . Other names on Morgan Stanley's list include Chord Energy , Simply Good Foods and timeshare operator Hilton Grand Vacations .

Persons: Morgan Stanley, Michelle Weaver, Morgan, Jackson Ader, Ronald Epstein, who's, Epstein, Keith Mackey Organizations: Nasdaq, Wall, Computer, Adobe, Boeing, Alaska Airlines, Bank of America, Aerospace, Defense, Halliburton, RBC Capital, HAL, Energy, Hilton Locations: Alaska, Seattle

☆ The cost of Boeing's strike keeps rising as talks continue
▼ + stars: | 2024-10-07 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Boeing is set to resume negotiations with union bosses on Monday. Thousands of members of the IAM union have been on strike since September 13. A group of Bank of America analysts, led by Ron Epstein, estimated that the strike was costing Boeing $50 million a day. Some 33,000 Boeing workers represented by the International Association of Machinists and Aerospace Workers have been on strike since September 13. Nearly 95% of union members voted against Boeing's initial offer of a 25% pay rise across the four-year contract.

Persons: —, Ron Epstein, Kelly Ortberg, Boeing's Organizations: Boeing, Analysts, IAM, Service, Bank of America, International Association of Machinists, Aerospace Workers, Reuters, Business Insider

☆ Pete Buttigieg says he had a call with Elon Musk to talk about Hurricane Helene because 'the best thing to do is just to pick up the phone'
▼ + stars: | 2024-10-07 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Pete Buttigieg says he and Elon Musk had a chat about Hurricane Helene relief efforts. That call proved "the best thing to do is just to pick up the phone," Buttigieg said on MSNBC. Buttigieg responded to Musk, writing: "No one is shutting down the airspace and FAA doesn't block legitimate rescue and recovery flights. "And, I think, to me it's an example of how often the best thing to do is just to pick up the phone." Hurricane Helene made landfall in Florida on September 26 and swept through Georgia and the Carolinas, causing widespread damage.

Persons: Pete Buttigieg, Elon Musk, Helene, Buttigieg, —, Tesla, Musk, MSNBC's Jen Psaki, Psaki, Hurricane Helene, didn't Organizations: MSNBC, Service, Elon, SpaceX, Federal Emergency Management Agency, FEMA, Federal Aviation Administration, FAA, Boeing, Department of Transportation, Business Locations: Asheville , North Carolina, Buttigieg, South Carolina, Hurricane, Florida, Georgia, Carolinas

☆ A new Blue Origin: CEO Dave Limp is bringing urgency and ‘decisiveness’ to Jeff Bezos’ space company
▼ + stars: | 2024-10-05 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +11 min

Blue Origin CEO Dave Limp, left, and founder Jeff Bezos look up at a New Glenn rocket on at the company's LC-36 facility in Florida. Blue OriginDave Limp had only one question for Jeff Bezos when he interviewed last year to become CEO of Blue Origin, the billionaire's space venture. "Jeff felt that [Blue Origin] needed manufacturing expertise; it needed decisiveness; it need a little bit of energy," Limp said. CEO Dave Limp, third from the left, with Blue Origin employees at the company's New Glenn facility in Florida. In the mission's place, Blue Origin will fly a demonstration of its spacecraft Blue Ring on the first New Glenn launch.

Persons: Dave Limp, Jeff Bezos, Jeff, Limp, Bezos, It's, I'm, New Glenn, Allen Parker, Jennifer Pena, Leanos, Ian Richardson, Tim Collins, it's, Origin's, ULA, Paul Hennessy, Glenn, We've, Starliner, Shepard, Blue, let's Organizations: Glenn, Florida ., Amazon, CNBC, Blue, SpaceX, United Launch Alliance, Lab, Firefly Aerospace, Company, NASA, Amazon Devices, Flexport, Vulcan, Cape Canaveral Space Force, Anadolu, Getty, New Glenn, Falcon, Shepard, National Security, Washington , D.C Locations: Florida, New, Mars, Seattle, Kent , Washington, Texas , Florida, Alabama, ULA, West Texas, Cape Canaveral , Florida, Glenn, Washington ,, Huntsville , Alabama, Cape Canaveral , Texas

☆ I flew a Boeing 737 Max simulator and it gave me a new respect for just how hard being a pilot really is
▼ + stars: | 2024-10-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +6 min

I tried out two flight simulators, including one for a Boeing 737 Max. AdvertisementI write about planes nearly every day at Business Insider, but trying out a Boeing 737 Max flight simulator gave me new insights into just how much skill and dedication is required to be a pilot. I was helped along the way by Matthew Yemm, a Skyborne flight instructor who spent a decade in the Royal Navy. Flying the 737 MaxThe more imposing simulator was that of a Boeing 737 Max. The entrance to the Boeing 737 Max simulator.

Persons: —, Matthew Yemm, Pete Syme, Max, Nick Heard, Skyborne, it's enthralling, Heard, wasn't, I'd Organizations: Boeing, Service, Business, Max, Gloucestershire Airport, Royal Navy, Royal Air Force, Cathay Pacific, MCC Locations: England, Gloucestershire

☆ What it’s like onboard the COMAC C919 plane, China’s answer to Boeing and Airbus
▼ + stars: | 2024-10-04 | by ( Steven Jiang | ) edition.cnn.com time to read: +7 min

The C919 is China’s first homegrown mainline passenger plane, manufactured by the Shanghai-based state-owned Commercial Aircraft Corporation of China (COMAC). Steven Jiang/CNNI was happy to hear the flight attendant highlight the aircraft type in his pre-takeoff briefing. “Today you’re flying with Air China C919 aircraft, which is the first large airliner independently developed by China,” he said, as the jet taxied to the runway. Air China serves hot meals in economy during meal hours even for short-haul flights (today’s flying time: 1 hour 40 minutes). As far as my passenger expectation goes, this C919 flight has earned a solid B in terms of safety and comfort.

Persons: Beijing CNN —, I’ve, Steven Jiang, CNN Long, ”, deplaning, don’t, COMAC Organizations: Beijing CNN, Boeing, Airbus, Air, Commercial Aircraft Corporation of China, China Eastern Airlines, CNN, International, Air China, Air China C919, China, Hongqiao Locations: Beijing, Air China, Shanghai, Europe, China, Southeast Asia, Africa

☆ US economy added 254,000 jobs in September, logging surprisingly robust growth
▼ + stars: | 2024-10-04 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

CNN —US job growth surged in September, blowing past expectations and providing solid reassurance for the ongoing stability of the labor market. Employers added an estimated 254,000 jobs in September, according to data released Friday by the Bureau of Labor Statistics. “The outlook for the economy in the months ahead is quite favorable, according to the September jobs report. As job gains dropped off from their once breakneck pace, economists were quick to note that the labor market was merely slowing and not at risk of imminent collapse. “The labor market is strong,” she said.

Persons: “, ” Brian Bethune, —, Chris Rupkey, ”, Elise Gould, Gould, Jerome Powell, September’s, it’s, ” Bethune, ‘, ’, Josh Hirt, ” Hirt, they’ve Organizations: CNN, Employers, Bureau of Labor Statistics, BLS, Boston College, Service, Federal Reserve, FwdBonds, Economic Policy Institute, Federal, Vanguard, Boeing

☆ The port strike is over. Here’s what happens next
▼ + stars: | 2024-10-04 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +6 min

Then union members will get additional $4-per-hour raises every year during the life of the six-year tentative deal. The union had been willing to consider the $4-an-hour deal before the strike, union boss Harold Daggett said on the picket line outside the Port of New York and New Jersey early Tuesday, soon after the start of the strike. Thursday’s deal likely is the end of the strike, but it doesn’t close the door on a new strike in the future. Should the members vote against the deal, the strike might start once again. But union members voted nearly unanimously to reject it and have remained on strike since September 13.

Persons: Harold Daggett, Bryan R, Smith, Helene, Bethann Rooney, ”, Rooney Organizations: New, New York CNN, United, International Longshoremen’s Association, United States Maritime Alliance, Getty, Port Authority of New, Hurricane Sandy, International Association of Machinists, Boeing Locations: New York, United States, East, Gulf Coast, Port of New York, New Jersey, Maine, Texas, Virginia, Port Newark, AFP, Port Authority of New York, Port, NY, NJ, Hurricane

☆ A Ryanair Boeing plane caught fire on a runway in Italy while taxiing for takeoff
▼ + stars: | 2024-10-04 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +2 min

A Ryanair flight in Italy was delayed after fumes were seen coming out of the aircraft. This comes just days after another Ryanair flight's tires burst while landing in Milan. AdvertisementA Ryanair flight in Italy caught fire as it was taxiing on the runway in an airport in southern Italy. Flight FR8826 from Brindisi to Turin, a city near Italy's border with France, caught fire on Thursday, according to CNN. "I think that both Airbus and Boeing, certainly Boeing, need to significantly improve quality control," O'Leary told the Financial Times.

Persons: —, Michael O'Leary, O'Leary, Ryanair didn't Organizations: Ryanair, Service, CNN, Boeing, Max, Passengers, Milan's Bergamo, Alaska Airlines, Airbus, Financial, Business Locations: Italy, Milan, Brindisi, Turin, Italy's, France, Barcelona

☆ Ryanair Boeing plane catches fire on runway in Italy; 184 aboard evacuated
▼ + stars: | 2024-10-03 | by ( Barbie Latza Nadeau | Antonia Mortensen | ) edition.cnn.com time to read: +3 min

Rome CNN —More than 180 people were evacuated Thursday from a Ryanair Boeing passenger jet after it caught fire while taxiing to take off at Brindisi Airport in southern Italy. A spokesperson for the airport in Brindisi confirmed there had been a fire that halted air traffic for several hours. Ryanair, the Irish budget airline group that operates Europe’s largest aircraft fleet, said all 184 passengers and crew were safely evacuated on the runway after Thursday’s incident. On Tuesday, another Ryanair aircraft – flight FR846 – headed into Milan Bergamo airport from Barcelona had a tire issue upon landing, which briefly closed the destination airport. Boeing, the manufacturer of both aircraft involved in this week’s incidents, referred CNN to Ryanair.

Persons: Rome, Rome CNN —, FR846 –, Andrea Caroppo, Mauro D’Attis, ”, Caroppo, ENAC Organizations: Rome CNN, Ryanair Boeing, Brindisi, Boeing, Milan Bergamo Airport, Ryanair, Passengers, CNN, “ Passengers, Forza Italia, National Civil Aviation Authority, ENAC, Transport Commission, Transport Locations: Italy, Milan, Brindisi, Italian, Turin, Milan Bergamo, Barcelona, Italy’s, Bari, London, Bologna, Brussels, Luxembourg, Europe

☆ Friday’s jobs report could be the last normal one for a while
▼ + stars: | 2024-10-03 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

CNN —September’s jobs report, due out Friday morning, is expected to show that the US labor market has slowed somewhat but remains on solid footing. While September’s employment data is expected to stay relatively tame, the same can’t be said for the October jobs report, which is set to be released on November 1, just days before the presidential election. The strikes and hurricane-related effects “are not going to permanently alter the trajectory of the labor market; but September is probably our last clean reading on the labor market for a while,” Ryan Sweet, chief US economist at Oxford Economics, told CNN earlier this week. The August jobs report, which showed better-than-expected estimated 142,000 payroll gains and a drop in the unemployment rate, went a long way to quell those fears. It showed that the jobs market is in “stasis,” Wells Fargo economists wrote in a note issued Tuesday.

Persons: bode, Lydia Boussour, ” Ryan Sweet, Helene, ”, Erica Groshen, They’ve, “, Andrew Challenger, Wells, Noah Yosif, ’ Sweet, Ejindu Ume, “ We’re, ” Ume Organizations: CNN, Federal Reserve, Boeing, Gulf Coasts, Oxford Economics, of Labor Statistics, Cornell University School of Industrial and Labor Relations, Employers, Challenger, Labor Department, Pantheon, Labor, BLS, “, American Staffing Association, Oxford, Miami University in Locations: EY, Hurricane, East, Gulf, Miami University in Ohio

☆ Boeing, Virgin Galactic settle lawsuit over work on Virgin 'mothership'
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: +2 min

Boeing and Virgin Galactic have settled a lawsuit stemming from Boeing's work on Virgin Galactic's space tourism "mothership," according to a Thursday filing in Virginia federal court. Virgin Galactic attorney Brett Williamson and Boeing said in emails that the lawsuit was "satisfactorily resolved by mutual agreement of the parties." Boeing sued Virgin in March, accusing it of stealing trade secrets and refusing to pay $25 million owed for Boeing's work. Virgin said it was entitled to monetary damages of at least "the difference between the $45.6 million paid by Virgin Galactic to Boeing and the substantially lower actual value of Boeing's performance." The case is The Boeing Company and Aurora Flight Sciences Corp v. Virgin Galactic LLC, U.S. District Court for the Eastern District of Virginia, No.

Persons: Richard Branson, Brett Williamson, countersued, Virgin Organizations: Virgin Group Ltd, Virgin Galactic Holdings Inc, New York Stock Exchange, Boeing, Virgin Galactic, Virgin, Eastern, Virgin Galactic's, Boeing's Aurora Flight Sciences, Boeing Company, Aurora Flight Sciences Corp, Virgin Galactic LLC, of Locations: New York, U.S, Virginia, Virgin, California, of Virginia

☆ A three-headed economic monster lurches into the presidential campaign
▼ + stars: | 2024-10-03 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —With barely a month to go before the US presidential election, a trifecta of economic shocks is threatening to sap Vice President Kamala Harris’ momentum on voters’ No. 1 issue: a port strike, a hurricane and an escalation of fighting in the Middle East. Price pain could crop up elsewhere if the East Coast port strike, which began Tuesday, drags on longer than a week. “If the Boeing strike and the port strike … last through the second week of October, job growth for October could be negative,” researchers at Oxford Economics wrote Wednesday. A negative jobs report hasn’t been seen in this country since December 2020, the last full month of the Trump administration.

Persons: CNN Business ’, Kamala Harris, Donald Trump hasn’t, “, ”, Harris, Emily Elconin, Harris ’, Price, Biden, Hurricane Helene, Moody’s, Helene, hasn’t, Trump, — Organizations: CNN Business, New York CNN, Republican, Democratic, Bloomberg, Getty, Boeing, Biden, Oxford Economics Locations: New York, Georgia, East, Maine, Texas, Carolinas, Florida, Tennessee

☆ Sources: Striking port workers to return to work Friday as negotiators reach an agreement on wages
▼ + stars: | 2024-10-03 | by ( Vanessa Yurkevich | Chris Isidore | ) edition.cnn.com time to read: +4 min

Terms of the tentative deal on wages were not immediately available Thursday evening. A tentative deal would still need to be ratified by the rank-and-file ILA members before it would take effect. But with ships stuck at sea unable to come into US ports to unload and load goods, the union has agreed to have workers return to work on Friday. Still, should the members vote against the deal, the strike might start once again. But union members voted nearly unanimously to reject it and have remained on strike since September 13.

Persons: Biden, Joe Biden, Taft, Hartley, Kamala Harris, Transportation Pete Buttigieg, John McCown, containerization, USMX, Harold Daggett, Daggett Organizations: New, New York CNN —, International Longshoremen’s Association, United States Maritime Alliance, International Association of Machinists, Boeing, Business, Transportation, ILA, Shipping Locations: New York, Maine, Texas, United States

☆ The East and Gulf Coast ports strike could be a no-win situation for the Biden administration
▼ + stars: | 2024-10-02 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

President Biden said on Tuesday that his administration will be "monitoring for any price gouging activity" that benefits foreign ocean carriers, including those on the USMX board. He also said "foreign ocean carriers have made record profits since the pandemic, when Longshoremen put themselves at risk to keep ports open." UBS forecast that 20% of Maersk's total volume would touch a U.S. port that would be impacted by the strike. Acting Secretary Julie Su lashed out at the idea that labor wage increases would be passed onto U.S. exporters and importers. I know they understand, just as consumers and American workers understand, that foreign companies who profit from our economy and who employ American workers and have an impact on American consumers should do the right thing, and in that battle, we are always going to stand with American workers, American businesses and American consumers."

Persons: Biden, Longshoremen, majeure, Daggett, Harold Daggett, Lars Jenson, Pete Buttigieg, Julie Su, Taft, Hartley, Buttigieg, Larry Lindsey, Su, Peter Friedmann, I've, nonfarm, Helene, switchers, they're, Jim Bianco, CNBC's, Peter Boockvar, Alan Baer, Steve Lamar, Taft Hartley, Lamar, CNBC's Jeff Cox Organizations: CMA, U.S, United States Maritime Alliance, Vespucci, Federal Reserve, Transportation, Labor, International Longshoremen's Association, UBS, Maersk, Federal Maritime Commission, ILA, Boeing, The Lindsey Group, Agriculture Transportation Coalition, Bianco Research, Bleakley Financial, USA, American Apparel and Footwear Association, Biden Administration, — Locations: East, Gulf Coast, U.S, autoworkers

☆ Another setback for Elon Musk's SpaceX after mishap with NASA rescue mission
▼ + stars: | 2024-10-02 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

SpaceX launched its mission to rescue the two Starliner astronauts — but it didn't go entirely according to plan. The company's Falcon 9 rocket has been grounded after a booster landed in the wrong place. It's the third time in three months that the Falcon 9 has been grounded. AdvertisementSpaceX's workhorse rocket has been grounded for the third time in three months after malfunctioning during a mission to rescue two astronauts stuck in space. The rocket was also briefly grounded by the FAA in August after failing an attempt to land back on Earth.

Persons: —, Boeing's Starliner, Elon Musk, Musk, Butch Wilmore, Suni Williams Organizations: SpaceX, Service, Federal Aviation Administration, FAA, Elon, Boeing, NASA, Crew

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