Striking Boeing workers make earnings day a cliffhanger for CEO
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The outcome of Wednesday's contract vote won’t be known until hours after Boeing's earnings, which come out in the morning.
https://fortune.com/2024/10/20/boeing-stroke-workers-contract-vote-quarterly-earnings-report/
Is Elon Musk’s $1 million election-season giveaway even legal?
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“The problem is that the only people eligible to participate in this giveaway are the people who are registered to vote. And that makes it illegal.”
Israel says it will attack Hezbollah’s financial arm ‘all over Lebanon’
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Al-Qard al-Hassan is a Hezbollah unit that's used to pay operatives of the Iran-backed militant group and help buy arms.
https://fortune.com/2024/10/20/israel-war-hezbollah-financial-arm-al-qard-al-hassan-lebanon-iran/
Should you buy Nvidia stock now? It may be a once-in-a-generation opportunity
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Bank of America reiterated a buy rating on Nvidia stock and raised its price target to $190, implying its market cap could explode to $4.7 trillion.
Putin turns to North Korean troops as Russia’s economy heads for a ‘meltdown’
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"As the Russian economy tanks, immiseration and social discontent grow, and money dries up, Putin will run out of resources to fuel his war machine."
Inflation hasn’t been defeated yet because the housing crisis could bring it back
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"One area where inflation could resurge is housing inflation in an environment where the fundamental mismatch of supply and demand remains a major challenge for the housing market."
Musk’s pro-Trump PAC plans $1 million handouts in swing states
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The pro-Donald Trump group, called America PAC, will pick a random registered voter in swing states to win the prize through Nov. 5, Musk said in a post on X.
https://fortune.com/2024/10/20/elon-musk-donald-trump-america-pac-1-million-prize-swing-states/
Ukraine claims attack on weapons factory deep in Russian territory
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A source in the SBU security services told AFP its drones had struck the Sverdlov explosives factory in Dzerzhinsk, just outside the Russian city of Nizhny Novgorod.
https://fortune.com/2024/10/20/ukraine-war-drone-attack-weapons-factory-russian-territory/
Trump speech turns bizarre with praise for Arnold Palmer’s anatomy and profanity for Harris
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“When he took the showers with other pros, they came out of there. They said, ‘Oh my God. That's unbelievable.'”
https://fortune.com/2024/10/20/donald-trump-speech-arnold-palmer-anatomy-profanity-kamala-harris/
Southwest, activist Elliott to begin settlement discussions
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Elliott Investment Management has proposed a framework that would give it representation on Southwest’s board but not control.
How the Communist Party quietly took over SVB’s China operation, according to a former CEO
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"It was like they were having an affair with my wife, and they were giving me a reward for having picked her in the first place,” Ken Wilcox told Fortune.
How to watch the Week Seven of the 2024-2025 NFL season live online for free—and without cable
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A Super Bowl rematch is on the card this week.
A Barcelona restaurant-NGO hybrid could offer a solution to the city’s over-tourism problem
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Global Humanitaria's restaurant is revered by tourists, who leave with more than a full stomach.
https://fortune.com/europe/2024/10/20/barcelona-restaurant-ngo-solution-tourism/
The world’s $100 trillion fiscal timebomb keeps ticking
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The IMF’s Fiscal Monitor on Wednesday will feature a warning that public debt levels are set to reach $100 trillion this year, driven by China and the US.
https://fortune.com/2024/10/19/debt-crisis-100-trillion-fiscal-timebomb-imf-us-china-borrowing/
The world’s $100 trillion fiscal timebomb keeps ticking
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The IMF’s Fiscal Monitor on Wednesday will feature a warning that public debt levels are set to reach $100 trillion this year, driven by China and the US.
https://fortune.com/2024/10/19/debt-crisis-100-trillion-fiscal-timebomb-imf-us-china-borrowing/
US government offers $10 million reward for tips on Russian firm interfering in election
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"Rybar relies on the connections and funding from Rostec to bolster Russia’s military capabilities and advance pro-Russian and anti-Western narratives."
https://fortune.com/2024/10/19/us-government-10-million-reward-russian-election-interference-rybar/
Mail carriers reach deal with USPS for pay raises and air-conditioned trucks
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All city carriers will get three annual pay increases of 1.3% each by 2025, some of which will be paid retroactively from November 2023.
Benjamin Netanyahu says drone that targeted his house was an assassination attempt
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Netanyahu’s office said the drone targeted his house in the Mediterranean coastal town of Caesarea. Neither he nor his wife was there. It wasn't clear if the house was hit.
Who will win the presidential election? The Trump trade offers a clue
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Based on 538's latest analysis of presidential polls, Trump now has the barest advantage in the race, with a 52-in-100 chance to win.
Boeing proposes 35% wage hike in new bid to end lengthy strike
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The proposal includes a wage increase of 35% spread over four years, a reinstated incentive plan and an increase to company 401(k) matching, the union said.
https://fortune.com/2024/10/19/boeing-strike-union-deal-35-percent-wage-increase-401k-matching/