Boeing’s head of defence business, Ted Colbert, is leaving the company due to losses from fixed-price contracts and issues with its space capsule. CEO Kelly Ortberg announced Colbert’s departure, with Steve Parker temporarily leading the division. Boeing’s defence business has faced losses, with fixed-price programmes causing significant charges and ongoing cash consumption. The company’s overall financial struggles, including production issues and worker strikes, have led to credit rating concerns and potential cash-raising measures.
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Why Nvidia Stock Popped 13% in July
Nvidia's shares rose 12.6% in July, driven by advancements in artificial intelligence and a new stock benchmark, as reported by S&P Global Market Intelligence. The company's GB200 Grace Blackwell Superchip is a significant highlight in its ongoing innovation in the semiconductor industry. Want More Context? 🔎
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