Markets

Machinists union rejects Boeing contract offer, extending strike

The International Association of Machinists and Aerospace Workers, representing 33,000 striking machinists at Boeing, voted to reject the aerospace giant's latest contract offer, extending a strike that has halted key Boeing production lines.

Mortgage rates rise for fourth straight week

Mortgage rates have climbed higher for a month straight, pushing down demand as more Americans become priced out of the housing market due to high rates and home prices.

Costco's 'Netflix moment' big win

Costco's decision to install membership card scanners in U.S. stores could lead to the retailer's own version of a "Netflix moment," according to Morgan Stanley analysts.

China believes US is an existential threat: Gordon Chang

Gatestone Institute senior fellow Gordon Chang discusses U.S. adversaries reportedly trying to interfere with the presidential election, the Louisiana attorney general's lawsuit against the Biden administration and China's rising aggression.

ETFs heavy in Elon Musk's Tesla

Tesla's results pleased investors as CEO Elon Musk applauded the automaker's progress and hinted that bigger things are ahead for the electric vehicle player.