Boeing Faces Financial Challenges Amid Ongoing Strike and CreditWatch Negative Status

Boeing (BA, Financial) continues its downward trend, hitting new 23-month lows due to several unfavorable developments. The company announced that further negotiations with its machinists union were not feasible, retracting its offer. This decision might have already been anticipated, as the union did not favorably receive Boeing's increased offer earlier this week. The market seems to be accounting for the ongoing strike, which began last month after the union overwhelmingly rejected a four-year contract, ...