News
Boeing faces major challenges and leadership changes
Boeing faces 32% drop in Dow amid crises, production issues, and strikes, while Airbus and S&P 500 gain.
Boeing faces 32% drop in Dow amid crises, production issues, and strikes, while Airbus and S&P 500 gain.
Boeing is set to be the biggest loser in the Dow Jones Index for 2024, with a 32% decline in stock value.
In contrast, rival Airbus has seen an increase of over 11%, while the S&P 500 gained more than 23%.
Boeing’s shares began 2024 at $257.50, but a cabin panel blowout incident involving a 737 MAX in January led to investigations and the temporary grounding of the aircraft.
The U.S. Federal Aviation Administration (FAA) responded to safety concerns by restricting 737 production to 38 planes per month, causing shares to drop to around $211.
Production has faced additional challenges due to supply-chain issues, quality concerns, and a significant strike that stalled most commercial aircraft production.
Boeing has reported substantial losses across its commercial, military, and space divisions throughout the year.
In July, the company made a $4.7 billion acquisition of supplier Spirit AeroSystems, which has also struggled with production quality.
In August, Kelly Ortberg was appointed as CEO, succeeding Dave Calhoun.
However, Ortberg faced immediate challenges as around 33,000 production workers went on strike in September over a contract dispute, which extended into November.
During the strike, Ortberg announced plans to cut the workforce by 10% and indicated that Boeing anticipates continued cash losses into 2025.
News
Global EV shake-up: Australia slows, China surges, Lexus teases supercar
Australia’s EV market slows, sales below 100,000; Costello discusses barriers and climate goals in latest Ticker episode.
Australia’s EV market slows, sales below 100,000; Costello discusses barriers and climate goals in latest Ticker episode.
Australia’s electric vehicle market is facing a slowdown, with sales struggling to hit the 100,000 mark this year.
Mike Costello from Cox Automotive breaks down the key barriers slowing adoption and explains whether current growth is enough to meet the country’s climate goals.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#EVNews #ElectricCars #AustraliaEV #ChinaEV #LexusLFA #Zeekr7X #SustainableTransport #EVMarket
Lando Norris secures his first F1 World Championship at Abu Dhabi, becoming Britain’s 11th World Champion with 423 points.
Lando Norris has clinched his maiden Formula 1 World Championship after an electrifying finale at the Abu Dhabi Grand Prix. In a race packed with tension, Norris held onto third place — the exact result he needed to secure the title.
His performance not only sealed his first championship but also cemented him as Britain’s 11th F1 World Champion, marking a historic moment for McLaren and the sport.
Norris closed out the season with 423 points, marking a defining milestone in his career.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#Formula1 #F1News #LandoNorris #MaxVerstappen #OscarPiastri #AbuDhabiGP #McLarenF1 #TickerNews
News
China naval activity raises tensions from Philippines to Galápagos
Rising tensions in the South China Sea prompt expert insights on regional security and global trade implications.
Rising tensions in the South China Sea prompt expert insights on regional security and global trade implications.
Tensions in the South China Sea are rising as Chinese naval and fishing vessels are spotted near the Philippines and even as far as the Galápagos Islands. Experts warn these movements could impact regional security and international waters.
We speak with Tim Harcourt from UTS to break down the significance of these developments, including the role of Taiwan, ASEAN, and Japan in responding to Chinese maritime activity.
From potential diplomatic fallout to economic implications, this interview dives into what these naval movements mean for the future of the region and global trade.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#ChinaNaval #SouthChinaSea #Geopolitics #Philippines #Galapagos #MaritimeTensions #InternationalRelations #TickerNews
-
News4 days agoAustralia’s fastest-growing property markets revealed
-
Ticker Views4 days ago
Space debris could sabotage Google’s next big AI breakthrough
-
News3 days ago
EU launches antitrust probe into Meta over WhatsApp AI policy
-
News3 days ago
Tasmania AFL team confirmed: Macquarie Point stadium legislation passes
-
News4 days ago
Australia warned of major electricity price surge without faster renewable rollout
-
Shows3 days ago
Accessibility gaps in cybersecurity
-
News4 days ago
Immigration crackdown escalates tensions In New Orleans
-
Leaders3 days ago
Experts question social media ban’s effectiveness for youth
