{"id":53044,"date":"2025-09-12T13:08:30","date_gmt":"2025-09-12T17:08:30","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/market-pulse-rig-counts-rise-boeing-strike-continues-and-stellantis-shifts-ev-strategy\/53044\/"},"modified":"2025-09-12T13:08:30","modified_gmt":"2025-09-12T17:08:30","slug":"market-pulse-rig-counts-rise-boeing-strike-continues-and-stellantis-shifts-ev-strategy","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-pulse-rig-counts-rise-boeing-strike-continues-and-stellantis-shifts-ev-strategy\/53044\/","title":{"rendered":"Market Pulse: Rig Counts Rise, Boeing Strike Continues, and Stellantis Shifts EV Strategy"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-pulse-rig-counts-rise-boeing-strike-continues-and-stellantis-shifts-ev-strategy\/53044\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-pulse-rig-counts-rise-boeing-strike-continues-and-stellantis-shifts-ev-strategy\/53044\/#Energy_Sector_Sees_Rig_Count_Increase\" >Energy Sector Sees Rig Count Increase<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-pulse-rig-counts-rise-boeing-strike-continues-and-stellantis-shifts-ev-strategy\/53044\/#Boeing_Strike_Continues_as_Offer_Rejected\" >Boeing Strike Continues as Offer Rejected<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-pulse-rig-counts-rise-boeing-strike-continues-and-stellantis-shifts-ev-strategy\/53044\/#KKR_Acquires_NewDays_Consumer_Credit_Portfolio\" >KKR Acquires NewDay&#39;s Consumer Credit Portfolio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-pulse-rig-counts-rise-boeing-strike-continues-and-stellantis-shifts-ev-strategy\/53044\/#Stellantis_Reassesses_EV_Pickup_Strategy\" >Stellantis Reassesses EV Pickup Strategy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-pulse-rig-counts-rise-boeing-strike-continues-and-stellantis-shifts-ev-strategy\/53044\/#Economic_Outlook_and_Central_Bank_Stance\" >Economic Outlook and Central Bank Stance<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>The <strong>U.S. total rig count<\/strong> increased by <strong>2<\/strong> to <strong>539<\/strong>, with oil rigs rising to <strong>416<\/strong>, according to <strong>Baker Hughes<\/strong> data released today.<\/li>\n<li><strong>IAM837 Union<\/strong> members have <strong>rejected Boeing&#39;s<\/strong> (<a href=\"\/stock\/BA\">BA<\/a>) modified contract offer, leading to a continuation of the strike by defense workers.<\/li>\n<li><strong>KKR<\/strong> has agreed to acquire <strong>NewDay&#39;s consumer credit portfolio<\/strong> from <strong>Cinven<\/strong> and <strong>CVC<\/strong>, marking a significant private equity transaction in the financial services sector.<\/li>\n<li><strong>Stellantis<\/strong> (<a href=\"\/stock\/STLA\">STLA<\/a>) is re-evaluating its product strategy, opting to <strong>discontinue the development of its full-size Battery Electric Vehicle (BEV) pickup<\/strong>.<\/li>\n<li>The <strong>Congressional Budget Office (CBO)<\/strong> projects <em>lower U.S. economic growth<\/em> and <em>higher unemployment<\/em> for the current year, while <strong>Bundesbank President Nagel<\/strong> indicated <em>no pressure<\/em> for further <strong>ECB<\/strong> interest rate cuts, citing concerns about price stability.<\/li>\n<\/ul>\n<p>A busy day in financial markets saw updates across several key sectors, from energy production to labor disputes and corporate strategy shifts. The latest <strong>Baker Hughes<\/strong> rig count showed an uptick in U.S. drilling activity, while a prolonged strike at <strong>Boeing<\/strong> (<a href=\"\/stock\/BA\">BA<\/a>) continues to impact its defense operations. Meanwhile, <strong>KKR<\/strong> announced a major acquisition in consumer finance, and <strong>Stellantis<\/strong> (<a href=\"\/stock\/STLA\">STLA<\/a>) revealed a strategic pivot in its electric vehicle development. Macroeconomic forecasts from the <strong>CBO<\/strong> and monetary policy comments from <strong>ECB<\/strong> officials also provided insights into the broader economic landscape.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Energy_Sector_Sees_Rig_Count_Increase\"><\/span>Energy Sector Sees Rig Count Increase<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>U.S. total rig count<\/strong> increased by <strong>2<\/strong> to <strong>539<\/strong> for the week ending September 12, according to <strong>Baker Hughes<\/strong> data. This rise was primarily driven by an increase in <strong>oil rigs<\/strong>, which went up by <strong>2<\/strong> to a total of <strong>416<\/strong>. The number of <strong>rotary gas rigs<\/strong> remained steady at <strong>118<\/strong>. The active rig count serves as a <em>leading indicator<\/em> for demand in the oil service industry.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Boeing_Strike_Continues_as_Offer_Rejected\"><\/span>Boeing Strike Continues as Offer Rejected<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Boeing<\/strong> (<a href=\"\/stock\/BA\">BA<\/a>) is facing ongoing labor challenges as members of the <strong>IAM837 Union<\/strong> have again rejected a modified contract offer. This rejection means the strike by defense workers, who assemble fighter jets and other weapons systems, will continue. The union stated that the offer &quot;fell short of addressing the priorities and sacrifices&quot; of its skilled workforce. <strong>Boeing Defense<\/strong> has indicated it is prepared for the work stoppage and has implemented contingency plans.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"KKR_Acquires_NewDays_Consumer_Credit_Portfolio\"><\/span>KKR Acquires NewDay&#39;s Consumer Credit Portfolio<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Global investment firm <strong>KKR<\/strong> has reached an agreement to acquire <strong>NewDay&#39;s consumer credit portfolio<\/strong> from private equity firms <strong>Cinven<\/strong> and <strong>CVC<\/strong>. This transaction effectively separates <strong>NewDay&#39;s<\/strong> credit balance sheet from its origination and servicing business, with <strong>KKR<\/strong> also investing in the <strong>NewDay Operating Group<\/strong>. The acquisition is expected to enhance <strong>NewDay&#39;s<\/strong> ability to scale and broaden its reach in the UK consumer credit market.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stellantis_Reassesses_EV_Pickup_Strategy\"><\/span>Stellantis Reassesses EV Pickup Strategy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Automotive giant <strong>Stellantis<\/strong> (<a href=\"\/stock\/STLA\">STLA<\/a>) announced a significant shift in its product strategy, deciding to <strong>discontinue the development of its full-size Battery Electric Vehicle (BEV) pickup<\/strong>. This move comes as the company reassesses its approach to electric vehicle production, potentially focusing more on electrifying existing models or hybrid variants. The decision highlights <em>evolving market dynamics<\/em> and <em>challenges in the EV transition<\/em>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Outlook_and_Central_Bank_Stance\"><\/span>Economic Outlook and Central Bank Stance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Congressional Budget Office (CBO)<\/strong> delivered a cautious economic outlook, projecting <em>lower U.S. growth<\/em> and <em>higher unemployment<\/em> for the current year. This forecast suggests potential headwinds for the U.S. economy.<\/p>\n<p>In Europe, <strong>Bundesbank President Joachim Nagel<\/strong> stated that there is &quot;<em>no pressure to act<\/em>&quot; for further key interest rate cuts by the <strong>European Central Bank (ECB)<\/strong>. Nagel warned that <em>more rate cuts could threaten price stability<\/em>, reinforcing a cautious stance on monetary policy. He emphasized that the <strong>ECB<\/strong> faces a &quot;high bar&quot; for another rate cut, with inflation at target and policy already eased.<\/p>\n<p>The <strong>U.S. Department of Health and Human Services (HHS)<\/strong> also issued a statement, advising that until vaccine safety data is publicly shared, all reports on it should be considered &quot;<em>pure speculation<\/em>&quot;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways The U.S. total rig count increased by 2 to 539, with oil rigs rising to 416, according to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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