Wall Street drifts higher on quiet trading day
U S stock indexes rose amid a quiet trading day with the S P 500 up to 5718 57 the Dow at 42124 65 and the Nasdaq at 17974 27 Tesla led gains while Trump Media & Technology Group fell to a new low as investors weigh Fed rate cuts and looming economic reports.
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Boeing’s best and final offer to striking machinists
Boeing said it made a best and final offer to about 33,000 IAMAW machinists who went on strike September 13. The package includes a 30 percent four year pay raise, $6,000 ratification bonuses, and upfront 12 percent raise plus four 6 percent steps, with annual bonuses kept. The deal hinges on ratification by Friday night and union review continues. The strike, disrupting 737, 777, and 767 production, prompted rolling furloughs for non union staff and a hiring freeze.
MENTIONED IN THIS ARTICLE
Boeing
International Association of Machinists and Aerospace Workers
Brian Bryant
Seattle
South Carolina
Everett
Washington
Stellantis eyes new CEO amid leadership succession talk
Stellantis seeks a new chief executive to replace Carlos Tavares as part of a planned leadership transition while facing dealer and UAW pressure over weak first-half results, high dealer inventory, and delayed plans for a Belvidere battery plant. The company says the process is a normal succession and Tavares could remain beyond his 2026 contract.
MENTIONED IN THIS ARTICLE
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
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Dodge
Ram
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