Yahoo Finance
Yahoo FinanceBA Oct 2024 110.000 put
| Previous close | 0.0100 |
| Open | 0.0100 |
| Bid | 0.0000 |
| Ask | 0.0100 |
| Strike | 110.00 |
| Expiry date | 2024-10-18 |
| Day's range | 0.0100 - 0.0100 |
| Contract range | N/A |
| Volume | |
| Open interest | 668 |
- Yahoo Finance Video
Boeing's triple whammy: Q3 loss, layoffs, strike enters one month
Boeing (BA) has unveiled its preliminary third quarter results, reporting a wider-than-expected loss per share. This announcement comes alongside plans to reduce its workforce by approximately 17,000 jobs, representing about 10% of the company's total employees. These developments unfold against an ongoing strike by the International Association of Machinists (IAM), which has now surpassed the one-month mark. Yahoo Finance Autos Reporter Pras Subramanian delves into the various challenges currently facing the aerospace giant. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
- Yahoo Finance Video
Boeing's strike is 'a metaphor' for a decade of issues
Boeing (BA) has released its preliminary third quarter earnings results, projecting a larger-than-expected loss. The aerospace giant also announced plans to cut approximately 17,000 jobs, representing 10% of its workforce. To discuss Boeing's outlook amid these challenges, including the ongoing worker strike and the recent CEO change, Barron's associate editor Al Root joins Morning Brief. Root characterizes the current Boeing strike as "a metaphor for everything that's gone wrong" at the company over the past decade. He emphasizes that even if the strike were to end immediately, the announced layoffs would still proceed, as they are part of a strategy to "position the company for a brighter future." The editor also points out that Boeing has yet to overcome "the worst of" the impacts on its balance sheet due to the ongoing strike. This situation continues to create significant cash flow and production challenges for the airline manufacturer. With the arrival of the new CEO, Root says, "It's about repairing relationships with employees and building the planes." However, he adds, "The good news or the silver lining for Boeing is their customers have almost literally nowhere to go." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith
BloombergWaller Says Fed Should Cut With Caution at ‘Deliberate’ Pace
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