The head of communications at Boeing has resigned his post after an employee complained about a 33-year-old article he wrote arguing against putting women in combat roles in the military. Niel Golightly penned the op-ed when he was a 29-year-old lieutenant in the U.S. Navy. It appeared in a magazine published by the U.S. Naval…
Boeing stock faced significant losses for a second straight day. The company isn’t making or selling planes and is losing money fast. But retail investors went crazy for air stocks in May. Boeing stock (NYSE:BA) continued to slide into a second day of losses, creating some drag on the Dow Jones Industrial Average. Boeing gave…
The Dow Jones fell 200 points on Tuesday. Even a massive rally in Apple couldn’t keep the Dow in the green, though the Nasdaq did jump to a new record. A bubbly looking stock market has completely detached from the fundamentals, but Nordea Asset Management believes there could be more upside ahead. It could have…
Boeing has confirmed what many suspected following the partial failure of their original Starliner capsule Orbital Flight Test (OFT) – the company will re-fly the mission, once again seeking to test and demonstrate the Starliner’s launch, flight, Space Station docking and landing capabilities prior to flying a version of the mission with actual astronauts on board.…
Boeing said Monday it will suspend all 787 operations at its South Carolina factory following a stay-at-home order issued by the governor, effectively putting the company’s entire commercial airplane production on hiatus. The closure will start at the end of the second shift April 8. Boeing announced the production suspension on the same day it…
Boeing stock surged past the rest of the Dow in Monday trading. But neither Boeing, nor the stock market have hit bottom yet. It took the stock market 16 months to reach bottom during the 2008 Financial Crisis. And this economic catastrophe is far worse. Boeing stock (NYSE:BA) led the rebound from last week’s selloff…
Boeing announced a voluntary layoff scheme for its employees, who would receive pay and benefits. The scheme is effectively a favor to the U.S. government, which will have to pay less in unemployment benefit as a result. Boeing wants the U.S. government to provide a specific bailout for it and the aerospace industry. Boeing is…
Boeing stock’s ugly 2020 crash has caused the Dow Jones Industrial Average (DJIA) to underperform its peers. But the aerospace stock’s stranglehold on the DJIA is fading. Boeing’s weighting has plummeted to 9th in the 30-member index, and its free-fall shows no signs of letting up. Boeing bulls may cast the Dow Jones stock as…
Coronavirus is hurting air travel. Boeing’s coming Dow exit will be caused by the 737 Max though. Order cancellations of the narrow-body jet have accelerated. This year Boeing has only lost orders. For a significant period Boeing (NYSE:BA) was ranked the highest by weight in the Dow Jones Industrial Average index. But in a matter…
Not one, but two catastrophic “black swan” events have left Boeing stock beaten and battered down. The 737 MAX disasters sent Boeing into a tailspin one year ago. Then the coronavirus bear market delivered the knockout punch. As a result, its stock is down 50% from last year. But Boeing isn’t going anywhere. Now’s the…
