News
Musk’s visit highlights Boeing’s Air Force One problem
Musk’s Air Force One visit highlights Boeing’s struggles with delays and budget issues amid fierce competition from SpaceX.
Musk’s Air Force One visit highlights Boeing’s struggles with delays and budget issues amid fierce competition from SpaceX.
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On December 18, Musk visited Boeing’s military aircraft facility in San Antonio, Texas.
The billionaire, assigned by former US President Donald Trump to reduce government inefficiency, arrived in his Gulfstream G650.
Elon Musk visits the Boeing factory in Texas.
He came to review the new version of Air Force One, which is significantly delayed and facing a budget overrun of $2.7 billion.
This situation has become a significant issue for Boeing’s CEO, Kelly Ortberg.
Musk’s involvement is particularly striking given that his company, SpaceX, competes directly with Boeing in the aerospace sector.
His inspection of the presidential jet highlights the challenges Boeing faces in fulfilling government contracts amidst high expectations and critical scrutiny.
News
Fed rate cut fallout shakes global markets
US Federal Reserve’s rate cut unsettles investors, igniting debate on easing cycle versus one-off move.
US Federal Reserve’s rate cut unsettles investors, igniting debate on easing cycle versus one-off move.
The US Federal Reserve’s latest quarter-point rate cut has unsettled investors worldwide, sparking debate over whether it signals the start of an easing cycle or a one-off move.
#FederalReserve #Markets #InterestRates #Australia #TickerNews
News
Aussie jobs market shows signs of strain
Australia’s job market shows decline with 5,400 cuts in August; unemployment steady at 4.2% despite easing migration.
Australia’s job market shows decline with 5,400 cuts in August; unemployment steady at 4.2% despite easing migration.
Australia’s labour market is losing momentum, with 5,400 jobs cut in August and participation falling, even as unemployment held steady at 4.2%.
Employment growth has slowed sharply, migration is easing, and the Aussie dollar has dropped after touching an 11-month high.
#Australia #Jobs #FederalReserve #InterestRates #Markets #TickerNews
News
Trump threatens TV networks over licences
Trump escalates feud with networks post-Kimmel suspension, threatening license revocations amid claims of bias against him.
Trump escalates feud with networks post-Kimmel suspension, threatening license revocations amid claims of bias against him.
President Donald Trump has escalated his feud with television networks after ABC suspended Jimmy Kimmel’s late-night show.
Trump suggested broadcasters that he claims are “against him” could face licence revocations.
He argued that networks were “97 percent against me” during the 2024 election and praised FCC Chairman Brendan Carr as “outstanding.”
#Trump #Media #FCC #JimmyKimmel #TickerNews
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