The first half of 2024 sees tech stocks rising, Boeing reuniting with Spirit AeroSystems, and Pixar's "Inside Out 2" crossing $1 billion at the global box office.
Boeing (BA) reacquires Spirit AeroSystems (SPR) for $4.7B in stock, ending Spirit's 20-year independence. Driven by safety concerns post-737 MAX crisis, Boeing aims to improve quality control. Airbus (AIR) also benefits, taking over Spirit’s Europe-centric operations in a related deal.
Premarket movements saw Nvidia (NVDA) rebound 2.3%, while SolarEdge (SEDG) plunged 17% on debt news. Birkenstock (BIRK) dropped 3.8% due to a major shareholder's public offering. Novo Nordisk (NVO) rose 2.1% with China’s Wegovy approval. Trump Media (DJT) surged 9.2%, while Pool Corp (POOL) fell ...
Boeing (NYSE: BA) has offered to acquire Spirit AeroSystems Holdings (NYSE: SPR) for $35 per share, a 6% premium. The stock-based deal aims to strengthen Boeing's supply chain, but Airbus's concerns may force Spirit to divest key plants. Ongoing negotiations signal imminent announcements.
Apple ends Pay Later program, S&P 500 reaches record high driven by tech stocks, Nvidia's influence in tech index rises. Learn about the latest financial updates.
Stock futures fall as Nvidia's stock split takes effect, while GME and LUV surge over 6% in premarket trading following recent news. Macron dissolves France’s parliament, and crude oil prices rise ahead of key reports.
Southwest Airlines cuts its forecast for Boeing aircraft deliveries in 2024, planning for 20 jets instead of 46. The reduction, a response to manufacturing delays and regulatory scrutiny at Boeing, prompts cost-cutting measures including reduced hiring and voluntary time off programs.
