Boeing and union leaders resumed negotiations on Monday but reached a stalemate by the end of Tuesday.IAM District 751 said Boeing was "hell-bent" on its second offer, which had now been withdrawn.A Bank of America analyst estimated the strike was costing Boeing $50 million a day. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite to ...

S&P Global Ratings may downgrade Boeing bonds due to cash issues amid a strike.The strike risks Boeing's recovery and affects 737 Max production — and the company's cash flow.Moody's also recently put Boeing on a downgrade review. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. ...

A judge has ordered Google to open up Android to rival third-party app stores.The ruling is part of Epic Games' blockbuster antitrust case against Google.Google said it plans to appeal the ruling and ask the courts to pause implementing remedies. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while y ...

Starboard Value has taken a $1 billion stake in drugmaker Pfizer.The hedge fund, headed by Jeff Smith, has become one of the most feared activist investors.Starboard has doubled its assets over the past decade targeting companies across industries. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while ...

Walmart's logistics business is pressuring Amazon's own, according to Wells Fargo analysts.Walmart is offering a cheaper version of Fulfillment by Amazon, which could limit Amazon fees.Wells Fargo cut its rating on Amazon to equal weight from overweight Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed ...

Core Viewpoint - Elon Musk aims to position Tesla as a technology company rather than just an electric vehicle (EV) manufacturer during the upcoming Robotaxi Day event, especially as Tesla faces declining revenues [1][3][5]. Group 1: Tesla's Strategic Shift - The Robotaxi Day event is intended to emphasize Tesla's ambitions in artificial intelligence, robotics, and autonomous vehicles, moving beyond traditional automotive manufacturing [3][4]. - Musk has previously indicated plans for a fleet of one million driverless robotaxis, although he missed the initial 2020 deadline for this goal [6][8]. - Tesla's focus on humanoid robots and driverless cars is seen as a way to leverage artificial intelligence for future growth, especially following the rise of AI technologies like ChatGPT [6][7]. Group 2: Financial Performance - In the first half of the year, Tesla reported revenues of $46.8 billion, a decrease from $48.3 billion in the same period the previous year [8]. - Despite a 6.4% year-on-year increase in deliveries for the third quarter, Tesla's market value remains significantly lower than its peak of $1.2 trillion in November 2021, currently over $600 billion short [8]. Group 3: Market Challenges - Tesla faces significant competition in the robotaxi market, with established players like Waymo and Baidu already deploying their own robotaxi services [9][10]. - Regulatory concerns regarding the safety of autonomous vehicles could impact public perception and acceptance of Tesla's robotaxi ambitions, especially following incidents involving other companies' self-driving vehicles [10][11]. - Experts highlight the technical challenges of achieving full autonomy in driving, suggesting that current capabilities may be limited to specific conditions and locations [11].

Boeing is set to resume negotiations with union bosses on Monday.The strike is costing Boeing $50 million a day, a BofA analyst estimated.33,000 members of the IAM union have been on strike since September 13. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address ...

TSMC has high power usage, and Taiwan's tight electricity supply will test its chip production.Taiwan's sluggish electricity growth challenges the semiconductor industry's expansion.TSMC aims for net zero emissions by 2050, but renewable energy growth faces hurdles. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a perso ...

Starboard Value has taken a significant stake in Pfizer, said people familiar with the matter. The drug giant's stock has dropped significantly since its 2021 COVID-19 vaccine rollout. Starboard has recently taken positions in Starbucks and Match. Insider Today NSIDER TODAY Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a pe ...

Core Viewpoint - Vista Outdoor is selling its two divisions, Revelyst and Kinetic Group, for a total of approximately $3.4 billion, with the sale of Revelyst valued at around $1.13 billion and Kinetic Group at about $2.23 billion [1][3][4]. Group 1: Transaction Details - The sale of Revelyst, the sporting goods business, is an all-cash transaction expected to be completed by January [3]. - The sale of Kinetic Group, Vista's ammunition business, has seen an increase in sale price from $2.15 billion to approximately $2.23 billion due to an amendment in the merger agreement [4]. - The combined enterprise value of both transactions is estimated at $3.35 billion, which will provide around $45 per share in cash to Vista Outdoor stockholders [4]. Group 2: Strategic Implications - The chairman of Vista Outdoor's board emphasized that these strategic sales are aimed at unlocking maximum value for shareholders and positioning both divisions for continued success under new ownership [5]. - Czechoslovak Group is advised by JPMorgan for the Kinetic Group deal, while Morgan Stanley is advising Vista Outdoor [5]. Group 3: Company Performance - Vista Outdoor's stock price has increased by approximately 35% since the beginning of the year [6]. - The company, which employs nearly 6,000 people globally, announced its plan to split into two divisions in 2022 [6].