S&P Global: Boeing Co. remains on CreditWatch negative amid third quarter losses
Boeing concurrently announced plans to reduce its workforce by approximately 10%, representing about 17,000 employees. We assume the cuts will take place in 2025 and…
America’s record ‘net debtor’ status enters the unknown: McGeever
Foreign investors' claims on Uncle Sam have been greater than U.S. investors' claims overseas for decades, an imbalance that many analysts have long
worldsteel Short Range Outlook October 2024
worldsteel forecasts that this year global steel demand will drop further by 0.9% to 1,751 Mt. After three years of decline, we expect to see…
Nippon Steel to sell Calvert JV to ArcelorMittal if U.S. Steel deal completed
Nippon Steel said on Friday it will sell its entire 50% stake in a joint-venture steel plant it has in Calvert, Alabama, with ArcelorMittal, if…
Airbus planemaking chief frets over suppliers but sees no Boeing strike impact
Europe's Airbus swung the spotlight on major suppliers after a drop in September deliveries that its planemaking chief called "disappointing" on Friday, but sought to…
CNBC/NRF Retail Monitor shows retail sales declined monthly in September but still grew year over year
Retail sales saw a slight month-over-month drop in September but consumers continued to spend more than last year as interest rates and inflation fell and…
CBP officers at Otay Mesa Commercial Facility discover $3.2 million in meth hidden within floor of tractor-trailer
CBP officers assigned to the Otay Mesa Commercial Facility kicked off October by discovering more than $3.2 million in methamphetamine concealed within the floor frame…
US judge to hear objections to Boeing plea deal in fatal crashes
A federal judge is set to hold a hearing on Friday to consider objections from relatives of people killed in two Boeing 737 MAX crashes…
China trade tensions cast shadow on automakers’ investment plans, TomTom CEO says
Trade tensions between China and the West have put a dampener on carmakers' investment decisions and longer-term outlooks, creating a level of uncertainty in the…
Biden-Harris Administration announces preliminary terms with Edwards Vacuum to bring specialized dry vacuum pump manufacturing to the U.S.
Proposed CHIPS investment could provide pumps to nearly all fabs built in the United States through the end of the decade
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