Workers picketed outside a Boeing Co. facility in Everett, Washington, US, as 33,000 machinists went on strike after rejecting a contract offer, halting production across the planemaker’s Seattle hub. Despite Boeing’s efforts to sweeten the offer, negotiations broke down, leading to a continued strike that will cost the aerospace giant over $1 billion per month, with both sides unable to reach an agreement on wages, retirement plans, and vacation time. Stephanie Pope, CEO of Boeing’s commercial aircraft unit, stated that the union’s demands were excessive and non-negotiable, while the International Association of Machinists and Aerospace Workers accused Boeing of refusing to improve key benefits during the talks.
Full Article
2 Artificial Intelligence (AI) Stocks to Buy and Hold for the Next 20 Years
Artificial intelligence (AI) is transforming various industries, with IDC predicting that it will add nearly $20 trillion to the global economy in the next five years. By 2045, strategic investments in AI-related stocks could yield significant returns for investors. The article highlights two specific stocks that have the potential to generate substantial profits over the next two decades. Full Article
Read more