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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Sep 24, 2024

Page

3

Wall Street drifts higher on quiet trading day

New York stocks edged up with the S&P 500 at 5718.57 and the Dow at 42124.65 a new high. Tesla rose 4.9 percent while Trump Media tumbled six days amid lock up questions. Fed rate cuts buoy markets but skeptics warn valuations may be stretched. Economic data point to mixed growth as manufacturing weakens and service sector drives expansion.

New York Uss Tesla Trump Media U.S The Fed Eral S&p Global Chris Williamson S&p Global Market Intelligence Manufactur

Boeing offers best and final pay rise to end machinists strike

Boeing said its best and final offer raises pay 30 percent over four years, up from 25 percent, plus larger signing bonuses and productivity bonuses. The plan targets ratification by IAMAW members within days as about 33,000 machinists walk out since September 13. Rolling furloughs for nonunion staff, a hiring freeze, and cost cuts continue during the strike now pressuring both sides.

Boeing International Association of Machinists and Aerospace Workers Brian Bryant Seattle South Carolina Everett Washington

Stellantis seeks new CEO as leadership talks spark shuffle

Stellantis is probing a future CEO amid leadership succession talk after a weak first half. The group faces 48 percent drop in half-year net profit, U.S. sales slippage, and dealer inventory pressures. Tavares may stay on, with delays in Belvidere plans and a UAW contract context shaping the dispute.

Detroit Jeep PSA Peugeot Tavares Fiat Chrysler Automobiles Stellantis U.S Auto Workers Union Belvidere Illinois UAW Shawn Fain Fain General Motors Ford Natalie Knight Bank of America Doe SEC The Associated Press

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