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Boeing strike: What aircraft are affected?

Several types of Boeing aircraft’s production have been affected as approximately 33,000 unionized workers in the Pacific Northwest have remained on the picket lines. Boeing workers with the International Association of Machinists and Aerospace Workers’ Union (IAM) went on strike in mid-September, resulting in disruptions to the company’s manufacturing of some commercial and military planes.

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Hardware wholesaler True Value files for bankruptcy, plans sale to rival

Wholesale hardware supplier True Value has filed for Chapter 11 bankruptcy and is planning to sell by the end of the year to rival Do It Best. True Value retail stores, which are independently owned and operated, are not part of the bankruptcy, and the wholesaler said it will continue to supply products to those

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Dow, S&P 500 records, Boeing cutting 17K workers, and Robotaxi’s rollout

U.S. stocks clock another week of fresh all-time highs  Boeing cutting thousands of workers  Inflation is running hotter than expected, especially for food  JPMorgan CEO Jamie Dimon delivered a warning about the U.S. economy  Hurricane Milton left destruction in its wake as businesses tried to recover  Social Security recipients learn their paltry raise for 2025 

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Musk unveils Robotaxi, unsupervised full self-driving future: ‘That’s what we want’

Tesla CEO Elon Musk has unveiled a new self-driving vehicle called the Robotaxi, declaring at an event in California that “it’s going to be a glorious future.”  The 2-seat car, which has no steering wheel or pedals, is expected to be available by 2026 and cost under $30,000, according to Musk.  “As you can see,

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Bitnomial sues SEC over XRP futures, challenges agency’s continued claim that XRP is a security

The Securities and Exchange Commission still firmly believes that the cryptocurrency XRP is a security, FOX Business has learned. The revelation comes following a lawsuit filed Thursday evening by crypto derivatives exchange Bitnomial, which sued Wall Street’s top cop over its claim that it has jurisdiction over a planned futures contract that tracks the price of XRP, the seventh-largest

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Hurricane Milton: What should EV owners do before and after storm?

As Hurricane Milton continued swirling toward Florida Wednesday, many Sunshine State residents in its projected path are bracing for its arrival, including people who own electric vehicles. The National Hurricane Center (NHC) said Wednesday afternoon that forecasts indicate Milton will arrive onshore Wednesday night along the west-central coast of Florida. It had earlier urged Floridians

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Honda recalls 1.7M vehicles for defective steering gearbox component

Honda is recalling about 1.7 million Honda and Acura vehicles in the U.S. over concerns they may have a defective steering gearbox component that could pose a safety risk.  “American Honda is announcing this recall to encourage owners of affected vehicles to take them to an authorized dealer for repair as soon as they receive

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Hurricane Milton: Theme park closures, gas shortage, Walmart preps for recovery

Hurricane Milton strengthened to a Category 5 late Tuesday  Millions of Florida residents are fleeing the state, with gas in short supply.  Major theme parks announced closures and plans to reopen.  Walmart’s U.S. CEO talks about the potential recovery after aiding North Carolina.  FOX Business runs down everything you need to know about what could

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PepsiCo lowers annual revenue forecast, softer demand and geopolitical tensions weigh

PepsiCo cut its full-year organic revenue forecast on Tuesday after the company reported softer-than-expected sales figures and business disruptions from geopolitical tensions that impacted the company in the third quarter. The snack and beverage giant’s 2024 organic revenue growth outlook changed from 4% to a “low-single-digit increase.” It projected that international organic revenue growth would

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Oil prices rise as Middle East tensions escalate, markets hedge against $100 a barrel surge

Oil prices have surged over the last week amid rising tensions in the Middle East, which have markets bracing for a potential rise to $100 a barrel. Prices rose about 9% last week and traders in the options market for oil showed record interest in call options for $100 a barrel oil in November, while

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