In the Unlock the Editor’s Digest, Roula Khalaf highlights a tentative agreement between Boeing and the striking machinists’ union, offering a 35% wage increase and other benefits, pending member approval. The strike, affecting production of Boeing’s 737 Max and other jets, has led to significant financial losses and job cuts. The agreement follows Boeing’s recent struggles, including production issues and a guilty plea for misleading regulators in fatal 737 Max crashes.
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The Stock Market Crashed When Tariffs Were Announced. Wall Street Experts Say This Will Happen Next.
The S&P 500 fell 19% after President Trump announced significant tariffs on April 2 but has since recovered slightly due to a 90-day pause on the most aggressive duties. Experts anticipate short-term volatility and uncertainty, with a 45% chance of recession within a year, while long-term consequences may include reduced economic growth and living standards. Analysts warn that these tariffs could represent a major policy mistake, leading to economic fragmentation and lasting harm, especially to...
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