business

7/28/25

Boeing could face another sizable labor strike, this time in its defense business, next week

Eight months after narrowly securing a deal to end a seven-week strike by 33,000 of its union machinists, Boeing is again preparing for a potential walkout.

More than 3,200 union factory workers that build Boeing’s fighter jets voted to reject the company’s contract offer on Sunday, setting the stage for a strike as early as next week.

According to the union (the International Association of Machinists and Aerospace Workers), the current contract expired overnight on Sunday, beginning a seven-day “cooling off” period.

Annual profit has evaded Boeing’s defense division since 2022, and a strike wouldn’t help things this year. Labor will likely be a significant topic of discussion on the plane maker’s second quarter earnings call on Tuesday.

Boeing Defense Workers Reject Contract In Sign of Labor Turmoil

Boeing Defense Workers Reject Contract In Sign of Labor Turmoil

According to the union (the International Association of Machinists and Aerospace Workers), the current contract expired overnight on Sunday, beginning a seven-day “cooling off” period.

Annual profit has evaded Boeing’s defense division since 2022, and a strike wouldn’t help things this year. Labor will likely be a significant topic of discussion on the plane maker’s second quarter earnings call on Tuesday.

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Netflix taps Amazon to sell streaming ads in new partnership

Starting this fall, brands will be able to access Netflix’s premium ad slots using Amazon’s buying tech.

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Bank branches are still closing at breakneck speed in the US

Institutions like Chase and Wells Fargo closed 76 locations in just six weeks over the summer, per the OCC.

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business

9/9/25

Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

9/9/25

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

Tariffs finally crept into retail's latest earnings results. Who were the winners and losers?

The long-awaited levies took a toll on nearly every retailer, but execution separated who could steer through the costs.

illustration of money and spending

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