Consumer prices rose slightly more than expected in September amid higher food costs, but the annual increase in inflation was the smallest in more than 3-1/2 years.
The Dow increased over 400 points on Wednesday as major investors awaited the minutes of the Federal Reserve’s latest meeting, as certain shares fell after the U.S. stated it was considering breaking up Google.
Talks between Boeing and its key manufacturing union broke down, and no negotiations are currently planned as the financially damaging strike heads into a fourth week.
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Boeing increased its wage offer to thousands of striking workers on Monday, offering a %30 general wage increase over four years in what the company called its “best and final” offer as the strike continues for a second week.
On Wednesday, Boeing’s CEO announced that the company will begin furloughing “a large number” of employees to limit spending during the strike by union machinists that began just a week ago.
Boeing employees walked off the job site at Boeing Factories near Seattle on Friday morning after union members voted to go on strike and reject a tentative contract that would have increased wages by 25% over a four-year span.
Boeing’s U.S. West Coast factory workers started voting on Thursday on a much-criticized new contract and a possible strike.
Two Delta Airlines planes have collided on the tarmac at Hartsfield-Jackson Atlanta International Airport in Georgia.