Boeing is planning to raise $15 billion through a combination of stock and debt offerings. This move comes as the company faces a costly strike, regulatory scrutiny, and production delays following the 737 MAX grounding. The offering is expected to take place after Boeing’s third-quarter earnings report, but some analysts believe it could be delayed until the strike is resolved.
Hundreds of Hilton hotel workers in Seattle walked off the job on Saturday, joining ongoing strikes in other cities, demanding higher wages and the reversal of COVID-era cuts. The strike, organized by the Unite Here union, is part of a larger movement of hotel workers across the U.S. seeking improved working conditions.
Boeing shares are trading lower on Wednesday after the company reported a dip in September aircraft deliveries due to a strike by the International Association of Machinists (IAM). Analysts anticipate further delivery declines in October, with investors focusing on the company’s ability to ramp up production in 2025 and resolve the ongoing labor dispute.
Boeing’s stock is plummeting as the company faces a potential credit downgrade due to a prolonged strike by its machinists’ union, disrupting production and leading to significant financial strain. The strike, entering its fourth week, has already cost Boeing over $1 billion and could reach $10 billion in 2024. Adding to the pressure, a recent FAA warning about a potential rudder system malfunction in 737 planes raises further safety concerns. These challenges cast a shadow over Boeing’s recovery and its ability to meet its ambitious production targets.
Boeing’s ongoing strike with its workers continues to escalate, pushing the company deeper into financial turmoil. The collapse of negotiations, coupled with the potential for a credit downgrade, has sent the company’s stock plummeting and left investors bracing for further turbulence.
Boeing has withdrawn its offer to striking workers after negotiations stalled, citing the union’s unwillingness to compromise. The strike, now in its fourth week, has significantly disrupted Boeing’s operations and raised concerns about financial strain and safety issues. The company remains open to future talks but only when the union is ready to engage in discussions that benefit both employees and the company’s sustainability.
S&P Global Ratings has placed Boeing’s credit rating under negative watch due to the ongoing strike by the company’s machinist union, which is now in its fourth week. The strike is expected to cost Boeing billions of dollars and delay its production goals, adding to the company’s existing challenges.
France and Liverpool defender Ibrahima Konate has become the latest high-profile footballer to voice concerns about the grueling fixture schedule, expressing support for potential player strikes to address the issue. Konate’s statement comes after Manchester City midfielder Rodri, who suffered a season-ending injury shortly after warning of potential player action, reignited the debate on player welfare and the intense calendar. The expanding European club competitions and the FIFA international match calendar have contributed to the problem, leading to a record number of back-to-back domestic matches in England.
Boeing has cut healthcare benefits for 33,000 striking workers, sparking outrage from union leaders and criticism from Sen. Bernie Sanders. The move is seen as the latest in a series of missteps by Boeing during the ongoing labor dispute, further fueling worker dissatisfaction and highlighting the need for better healthcare access.
Senator Bernie Sanders has slammed Boeing for its handling of the ongoing workers’ strike, using the situation to advocate for Medicare for All. Sanders highlighted the company’s decision to revoke healthcare benefits for striking workers, arguing that everyone deserves access to healthcare, regardless of their employment status.
