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Boeing’s shares slipped 1.8% after the aerospace company withdrew a pay raise offer to 33,000 machinists on strike. The strike is expected to cost Boeing over $1 billion per month. Reddit saw a rise of more than 2% after receiving a buy rating and high price target from Jefferies. Alphabet’s shares dropped about 1% following a court filing from the Justice Department regarding an alleged monopoly in search. Rio Tinto and Arcadium Lithium announced a deal for Rio Tinto to acquire Arcadium for $5.85 per share, resulting in a 1.2% drop in Rio Tinto’s shares and a 30% surge in Arcadium’s shares. Blackstone was downgraded to neutral by Piper Sandler, causing a 1% decline in shares. GitLab’s shares rose 5% after receiving an overweight rating from Morgan Stanley. Major Chinese companies like Alibaba, JD.com, and Nio saw declines in their U.S.-listed shares as officials did not announce new stimulus plans. Chewy’s shares rose nearly 2% after receiving a buy rating from TD Cowen. Norwegian Cruise Line’s shares rose 3.1% following an upgrade to buy from Citigroup, expecting the stock to rally more than 44%.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
