The Boeing Company at Paris Air Show 2025 in Le Bourget Airport.Nicolas Economou | Nurphoto | Getty ImagesStriking Boeing defense workers in Missouri voted Friday against the company’s latest offer of a modified contract deal, according to the union representing the workers.More than 3,000 workers in the St. Louis area will remain on strike, the first walkout in almost three decades.”Boeing’s modified offer did not include a sufficient signing bonus relative to what other Boeing workers have received, or a raise in 401(k) benefits,” a statement from the International Association of Machinists and Aerospace Workers read. “The democratic vote underscores…
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Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company’s IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Jeenah Moon | ReutersShares of Gemini Space Station soared more than 40% on Friday after the exchange operator raised $425 million in an initial public offering.The stock opened at $37.01 on the Nasdaq after its IPO priced at $28. At one point, shares traded as high as $40.71.The New York-based company priced its IPO late Thursday above this week’s expected range of $24 to $26, and an initial range of between $17 and $19. That valued the…
There’s been a shift in Bank of America’s business-cycle metric that is good news for certain dividend stocks. The bank’s U.S. Regime Indicator strengthened for the second month in August, confirming a recovery phase, according to equity and quant strategist Savita Subramanian. The indicator, which measures a mix of economic and corporate data, has been moving in and out of recovery since February 2022 amid the volatility in macro signals and inflation uncertainty, she said. Among the strategies that worked during recovery phases in the past is high-dividend yield, she wrote in a note Monday. It relatively outperformed the equal-weighted…
U.S. President Donald Trump makes a fist before boarding Marine One upon departure for New York, as the Washington Monument stands in the background, in Washington, D.C., on Sept. 11, 2025.Evelyn Hockstein | ReutersPresident Donald Trump said Friday that he will send the National Guard to Memphis, Tennessee, one month after he federalized law enforcement in Washington, D.C., and deployed soldiers across the city in an effort to address crime.”We’re going to Memphis,” Trump said on Fox News, calling the city “deeply troubled.”Trump said both the state’s Republican Gov. Bill Lee and the Democratic mayor of Memphis, Paul Young, were…
Opendoor co-founder and newly minted board chair Keith Rabois said remote work and a “bloated” workforce have been a drag on the company’s culture, as he vowed to slash headcount.”There’s 1,400 employees at Opendoor. I don’t know what most of them do. We don’t need more than 200 of them,” Rabois told CNBC’s “Squawk on the Street” on Friday.The online real-estate platform on Wednesday appointed former Shopify executive Kaz Nejatian as its new CEO after investor pressure caused his predecessor, Carrie Wheeler, to resign last month. Opendoor also named Rabois as chairman and said Eric Wu, who served as the…
Eli Lilly and Novo Nordisk are preparing to take their rivalry to the next frontier of weight-loss medications: pills.Both companies expect to launch oral obesity drugs in the U.S. next year, once regulators approve them. Daily pills could introduce more people to GLP-1s, the class of medicine that’s best known for weekly shots.But after Lilly’s pill produced less weight loss than analysts had expected in a recent late-stage trial, it raised new questions about how widely the oral drugs will be adopted and which rival company will dominate the space.Doctors will get a closer look at how Lilly and Novo’s…
Midcap container and packaging manufacturer Sonoco Products (SON) is in the throes of a bearish-to-bullish reversal, with the prospective completion of the initial bottoming-out process implying a move to around the $55 level. The stock closed Thursday at $47.21. The identical two-year, daily bar charts herein depict the current bullish setup. We’re buyers here. DISCLOSURES: None. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . ) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC…
Participants at the presentation of new iPhone models from Apple try out the new thinner iPhone Air. Andrej Sokolow | Picture Alliance | Getty ImagesApple has postponed the launch of its new iPhone Air model in China due to regulatory issues surrounding its eSIM design, the company said.Wireless carriers in China need a special license from the government before they can sell a new device with an eSIM, and the carriers haven’t secured that approval yet, Apple said. The company added that it is working to make the device available in China as soon as possible.Apple announced the iPhone Air…
Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021.Dado Ruvic | ReutersShares of Pfizer and Moderna fell on Friday after a report that Trump administration health officials plan to link Covid vaccines to the deaths of 25 children. The report from the Washington Post said officials plan to include the claim in a presentation next week to a key vaccine panel that advises the Centers for Disease Control and Prevention.That committee plays a critical role in determining vaccine access, as it reviews immunization data and makes recommendations on who is…
Check out the companies making the biggest moves in midday trading: Six Flags Entertainment — The theme park operator jumped 7% after the company reported increased attendance and strong interest in its 2026 season pass program. Tesla — Shares of the electric vehicle company rose 6%, extending recent gains. Tesla is up nearly 12% over the past week, even though the company hasn’t made any announcements. Investors may be encouraged that falling interest rates will make it easier for would-be car buyers to make a purchase. Joby Aviation — The developer of electric vertical takeoff and landing (eVTOL) aircraft rose…
