Seattle
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USA
Boeing Faces First Strike in 16 Years as Over 30,000 Workers Demand Higher Wages Amid Mounting Financial Woes
Washington, DC, USA: Over 30,000 Boeing manufacturing workers went on strike on Friday, marking the company’s first labor stoppage in 16 years. The strike adds to Boeing’s already mounting troubles, including a $60 billion debt burden and persistent safety concerns. Boeing’s stock took a hit, reaching a near two-year low as Fitch Ratings warned of a potential downgrade in the…
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Business
Amazon’s Jeff Bezos Sells 24 Million Shares Worth $4 Billion
Jeff Bezos, the executive chair of Amazon and multi-billionaire, has recently sold over $4 billion worth of Amazon shares, totaling 24 million shares this month. This follows the company’s earlier announcement that Bezos plans to sell 50 million shares, valued at around $8.4 billion. The move is part of Bezos’s financial strategy, and he had not sold any Amazon shares…
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