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Boeing said Friday that it would cut 10% of its 170,000-strong workforce.CEO Kelly Ortberg said the company was in a “difficult position” amid a strike.The planemaker is still dealing with the fallout of quality-control issues on some of its plane models. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. Boeing said Friday that it…

Washington, DC – The United States has imposed sanctions on companies and vessels that are allegedly engaged in trading and transporting Iranian oil, in order to punish Tehran for its recent missile attack on military sites in Israel. The US Treasury and State Department announced the sanctions on Friday, as Israeli officials continue to pledge to forcefully respond to the Iranian attack. Tehran fired a barrage of missiles at Israel on October 1 in retaliation for the killing of Hamas chief Ismail Haniyeh in Tehran and the assassinations of Hezbollah leader Hassan Nasrallah and an Iranian general in Beirut. “In…

Christian Richard and Christine Quinn Axelle/Bauer-Griffin/FilmMagic/Getty Images Christine Quinn’s estranged husband, Christian Richard, scored a big legal win amid their messy divorce. Us Weekly can exclusively confirm that a Los Angeles court judge recently granted Richard, 44, mental health diversion in his criminal case. According to a source, Richard will have to attend therapy, do community labor and pay restitution over the next year. With positive progress reports, the misdemeanor case could be dismissed after a year, details of which are filed under seal. Court documents filed in their divorce case and obtained by Us stated that Quinn, 35, was…

The real estate industry is currently divided over the National Association of Realtors’ Clear Cooperation Policy, but one local Realtor association and MLS has decided to move beyond just voicing an opinion. In an email sent to members on Oct. 3, Utah-based Park City Board of Realtors (PCBR) announced that it would no longer be enforcing the clear cooperation rule, as first reported by Inman News.   The Utah MLS had 1,789 subscribers at the end of 2023. In her email, CEO Jamie Johnson told members that the MLS and PCBR board had written a letter to NAR in August…

After Wall Street balked at Tesla’s highly-anticipated robotaxi unveiling, CNBC’s Jim Cramer told investors not to make any moves on the stock. While he said he wouldn’t recommend buying Tesla after Thursday night’s event flopped, Cramer discouraged shorting the stock, saying it’s “dangerous to bet against” CEO Elon Musk.”Even though Tesla’s robotaxi event was gorgeous, we didn’t get enough detail to justify treating this company like an autonomous driving business rather than an electric vehicle maker,” he said. “So, for now, I recommend taking a page from Switzerland and staying on the sidelines with this one.”Tesla needed a win on…

Getty ImagesBoeing will axe its workforce by a tenth – cutting 17,000 jobs – and delay production as the airplane maker deals with issues across its business.Chief executive Kelly Ortberg said in an email to staff that “executives, managers, and employees'” jobs are all at risk.The business also warned of losses in its weapons and military equipment manufacturing arm, and pushed back the delivery date of its 777X plane.The news comes as the business grapples with staff striking and mounting concerns around the quality of its planes.Mr Ortberg said in the email that the company will reduce its headcount “over…

Play video content TMZ.com “Love Is Blind” star Nick Dorka may’ve accidentally dropped a major season 7 spoiler … hinting he and fiancée Hannah Jiles may already be over. We caught up with the reality TV star at LAX, where Nick touched on the extensive vetting process contestants undergo to get onto the show … suggesting some are just luckier than others when it comes to finding “The One.” Here’s where Nick appeared to slip up, though … when asked why he selected “Love Is Blind” over another dating series, like “The Bachelor,” ND made it clear he’s still open…

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. As an award-winning top producer and a 20-year resident of Charlotte, North Carolina, Steve Lonnen has served hundreds of clients, seeking to offer a world-class customer experience with a focus on luxury buyers and sellers, new construction and those who are relocating to and from the area.…

AMD launched the Instinct MI325X accelerator on Thursday, and shipping starts later this fall.The new chip offers better performance than Nvidia’s H200 yet lags behind Blackwell, analysts say.AMD’s stock dipped over 4% post-announcement, reflecting only modest excitement amid competition. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. AMD CEO Lisa Su announced Thursday the…

A new chief executive is restructuring the aerospace manufacturer, which has been losing money for several years while struggling to improve production quality. Source link