Engine repair shops have swelled to a $58 billion business, according to Alton Aviation Consultancy, and are cash cow for engine makers like GE Aerospace.

Markets Sell Off as Labor Market Data Looms

06:55pm, Tuesday, 03'rd Sep 2024
This was the worst single trading day for tech stocks two years -- the worst for the chips segment since 2020.

Boeing faces strike of about 32,000 workers

06:40pm, Tuesday, 03'rd Sep 2024
Boeing is facing yet another challenge as 32,000 members of the IAM union are threatening to strike this month if a deal isn't reached on a new contract with the company.
Oscar Munoz, former United Airlines CEO, joins 'Closing Bell: Overtime' to discuss the Boeing selloff.

Three-Stock Lunch: Boeing, Micron, Redfin

03:23pm, Tuesday, 03'rd Sep 2024
Michael Farr, Hightower Advisors chief market strategist, joins CNBC's 'Power Lunch' to discuss three stocks: Boeing, Micron, and Redfin.
Boeing Co.'s stock plummeted more than 8% on Tuesday, reaching its lowest level in nearly two years, following a downgrade by Wells Fargo. This significant decline came after Wells Fargo analyst Matth
Wells Fargo downgraded Boeing from equal-weight to underweight saying it's hard to see an upside in the share price. The stock was down 33% this year through Friday.
Boeing (BA) shares tumbled Tuesday after Wells Fargo downgraded the stock on concerns about the plane maker's long-term free cash flow (FCF).

Here's Why GE Aerospace Stock Slumped Today

11:45am, Tuesday, 03'rd Sep 2024
A push-out of a new Boeing airplane would hurt GE Aerospace's long-term profitability. Boeing exists to make airplanes, and even if an equity raise is necessary to raise cash, it will not necessarily
Bears will always have a reason to bet against the market, even a roaring one like today's S&P 500 making high after high. Not even the so-called carry trade sell-off triggered by the Japanese yen and
Boeing faces significant issues with the Starliner and Boeing 777X programs, impacting CEO Kelly Ortberg's early tenure. Boeing's 777X program is delayed due to thrust link failures, risking further c
Boeing's stock took a beating Tuesday, after Wells Fargo warned investors to get out, as whatever decision the troubled aerospace giant makes on what to do with its cash and debt will likely be bad fo
Boeing's annual free cash flow target of $10 billion may be delayed by about two years to 2027-28 and it would have to raise $30 billion before developing a new aircraft, Wells Fargo said and downgrad

Why Boeing Stock Is Flying Lower Today

11:03am, Tuesday, 03'rd Sep 2024
Boeing has been flying through headwinds for years, and it is missing a substantial upward trend that could have filled its cash coffers and allowed it to invest in future products. Wells Fargo is low
Starliner is slated to return to Earth empty, while its crew will stay on the International Space Station for a few more months.
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