Aerospace veteran Robert “Kelly” Ortberg becomes Boeing’s new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon.That enormous goal will involve thousands of daily decisions that will determine whether Boeing can earn back the trust of regulators, airlines and the public; end persistent production…

Initial claims for unemployment insurance totaled less than expected last week, countering other signs that the labor market is weakening.First-time filings for jobless benefits came to a seasonally adjusted 233,000 for the week, a decline of 17,000 from the previous week’s upwardly revised level and lower than the Dow Jones…

First-time claims for unemployment benefits fell last week, putting some of the worst recession fears on hiatus. Initial claims fell to 233,000 from the prior week’s upwardly revised 250,000, according to Department of Labor data released Thursday. “Anything in that range tends to suggest a fairly healthy labor market,” wrote economist Joseph…

Siemens Aktiengesellschaft (OTCPK:SIEGY) Q3 2024 Earnings Conference Call August 8, 2024 3:00 AM ET Company Participants Tobias Atzler – IRRoland Busch – CEORalf Thomas – CFO Conference Call Participants Andrew Wilson – JP MorganJames Moore – Redburn AtlanticAndre Kukhnin – UBSGael de-Bray – Deutsche BankMax Yates – Morgan StanleyPhil Buller…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Police in Barcelona launched a manhunt for Catalan leader Carles Puigdemont on Thursday when he returned to Spain after nearly seven years abroad evading an arrest warrant.The separatist politician vanished into a…

It was the first big day of the wrestle for the Midwest that is likely to decide the 2024 election, and someone important was missing — former President Donald Trump. The Republican nominee left it to his vice presidential pick, Ohio Sen. JD Vance, to troll the newly minted Democratic…

Are you a pre-retiree or retiree who’s nervous about the recent stock market volatility? Worried that it might be the start of a stock market crash, as predicted recently by a few pundits? Unfortunately, “worry” is not a strategy! Instead, you’ll want to plan ahead to survive stock market crashes…

Sellers are pricing their homes at record-high prices, but buyers aren’t biting. High interest rates and high listing prices are keeping buyers away. This does mean that the buyers who are still looking have some wiggle room they haven’t had in the last few years. Pending home sales fell by…

Check out the companies making headlines before the bell. Disney — Shares were down about 1% after the media giant reported quarterly results that beat analyst expectations, thanks in part to strong performance at its streaming unit. The company earned $1.39 per share, excluding items, on revenue of $23.16 billion.…

Shipping giant Maersk, considered a barometer for global trade, is not seeing signs of a U.S. recession as freight demand remains robust, the company’s chief executive said Wednesday.”We’ve seen in the last couple of years, actually, [the shipping container] market remaining surprisingly resilient to all the fear of recessions that…