Boeing Pushes 777X to 2027, Near-$5bn Charge

 

Boeing delayed first 777X deliveries to 2027 and took nearly $5bn in charges, bringing program costs to about $15bn, including customer penalties. Shares slipped 1% premarket; an industry analyst said the charge topped expectations but wasn’t crippling as demand for widebodies grows. Separately, the FAA approved raising 737 Max production...

Paramount layoffs cut CBS streaming newscasts, Johannesburg bureau

 

Paramount’s cuts reached CBS News on Wednesday, canceling the streaming editions of CBS Mornings and CBS Evening News, overhauling CBS Saturday Morning, and shuttering the Johannesburg bureau. Nearly 100 CBS News staffers are affected, part of about 1,000 layoffs across Paramount following Skydance’s acquisition of Paramount Global, with another 1,000...

Boeing Posts Loss as Cash Flow Improves

 

Boeing reported a $5.3 billion third-quarter loss, largely from a charge tied to delaying the 777-9 to 2027, even as other metrics brightened: revenue topped $23 billion, production of the 737 Max increased, and free cash flow turned positive for the first time since 2023. Shares were little changed. CEO...

US, South Korea Agree Tariff Cuts, Investment

 

After nearly two hours of talks, the US and South Korea said they reached a broad trade deal: reciprocal tariffs will fall from 25% to 15%, and Seoul will invest $350bn in the US, including $200bn in cash and $150bn in shipbuilding, a presidential aide said. President Donald Trump called...

Paramount Begins Layoffs as Ellison Shifts Strategy

 

Paramount began major layoffs Wednesday as CEO David Ellison moved to refocus spending on growth, telling staff in a memo that roughly 1,000 jobs would be cut this week. He said the company is eliminating redundancies and roles misaligned with new priorities to position Paramount for long-term success. Ellison, who...

Futures Rise; Nvidia Tops $5 Trillion

 

U.S. stocks pointed higher premarket Wednesday as investors eyed corporate earnings and a Federal Reserve decision expected to deliver a 25-basis-point cut amid scant data and a slowing job market. Futures for the S&P 500, Dow and Nasdaq rose after all three hit record highs, while Nvidia jumped again, touching...

Mega Millions Jackpot Climbs To $754 Million

 

After no ticket matched all six numbers Tuesday night, the Mega Millions jackpot rose to $754 million, the year’s second biggest lottery prize. The eventual winner would collect far less after taxes and deductions. The next Mega Millions drawing is Friday night; Powerball sits at $376 million with a Wednesday...

Trump Eyes Tariff Cuts, Xi Blackwell Talk

 

Donald Trump said he expects to lower U.S. tariffs on Chinese goods imposed over the fentanyl crisis, citing confidence that China will help address the issue. He also plans to speak with China’s Xi Jinping about Nvidia’s flagship Blackwell artificial-intelligence chip. The comments came aboard Air Force One as Trump...

Trump Eyes China Deal Amid APEC Diplomacy

 

At the APEC summit in Gyeongju, President Trump said he expects a “good” U.S.-China trade deal after meeting China’s Xi Jinping on Thursday, despite months of clashes over tariffs and rare earth exports. Treasury Secretary Scott Bessent said a threatened 100% tariff increase is “effectively off the table.” Trump touted...

NBCUniversal Lands Taylor Sheridan as Paramount Holds Back

 

Paramount’s new regime courted Taylor Sheridan on his Texas ranch after the Skydance-Paramount merger, but the prolific hitmaker instead signed with NBCUniversal in a deal worth up to $1 billion, with film work beginning next year and a five-year TV pact starting in 2029. Sources cite friction over rejected scripts,...