President Donald Trump commended Special Government Employee (SGE) Elon Musk for his pivotal contributions to the Department of Government Efficiency (DOGE), highlighting the significance of his role as Musk prepares to depart from the agency on May 30th.
Read More Trump Praises Musk Amid His Upcoming DOGE Exit, Calling Him A ‘Patriot, Brilliant Guy, And Friend Of Mine’
The S&P 500 and the Nasdaq climbed while the Dow was flat on Monday, as investors looked ahead to an anticipated Federal Reserve interest rate cut later in the week.
Read More S&P 500, Nasdaq rise on optimism ahead of rate cut, economic data
Boeing is reportedly set to lay off nearly 400 employees in the state of Washington.
Read More Washington: Boeing To Lay Off Nearly 400 Workers, Citing Company ‘Revamp’
Aerospace giant Boeing will lay off over 200 workers that are based in South Carolina as part of a large-scale cost-cutting drive that will cut 17,000 employees, which equals 10% of its workforce.
Read More Boeing To Lay Off Over 2K Workers As Part Of Plans To Reduce Workforce By 10%
Spirit AeroSystems will tell employees that it will furlough 700 workers for 21 days as an over month-long strike at U.S. planemaker Boeing eats into the supplier’s cash and inventory space
Read More Exclusive: Spirit Aero to furlough 700 workers for 21 days due to Boeing strike
Boeing faces a crucial test with employees, customers and investors after announcing 10% job cuts and $5 billion in charges as a crippling machinists strike enters a fifth week.
Read More Boeing fine-tunes job cuts as major buyer slams 777X jet delay