Jeffrey Gundlach, the chief executive of DoubleLine Capital and Wall Street’s Bond King, called the increasingly popular Modern Monetary Theory backed by progressives a “crackpot” idea.
Bermuda has prohibited Boeing’s 737 MAX 8 and 737 MAX 9 aircraft from its airspace until further notice following Sunday’s deadly plane crash in Ethiopia, the British overseas territory’s aviation authority said on Tuesday.
Jeffrey Gundlach, the chief executive of DoubleLine Capital and Wall Street’s Bond King, called the increasingly popular theory backed by progressives – the Modern Monetary Theory – a “crackpot” idea.
The U.S. aviation regulator said on Tuesday it would not ground Boeing 737 MAX planes after a crash in Ethiopia which killed 157 people, bucking a trend of countries around the world that have suspended the aircraft’s operations.
A trial in which a California man alleged his use of Bayer AG’s glyphosate-based Roundup weed killer caused his cancer went to a federal U.S. jury after lawyers for both sides delivered their closing arguments on Tuesday.
Rite Aid Corp said on Tuesday its chief executive officer would exit as part of a revamp of its top deck, and that it would slash about 400 job corporate positions.
A trial in which a California man alleged his use of Bayer AG’s glyphosate-based Roundup weed killer caused his cancer went to a federal U.S. jury after lawyers for both sides delivered their closing arguments on Tuesday.
The Federal Aviation Administration said on Tuesday it will not ground the Boeing 737 MAX that has been involved in two fatal crashes since October despite a growing number of countries ordering the planes to stop flying.
The top U.S. securities regulator received permission from a federal judge on Tuesday to respond to Tesla Inc Chief Executive Elon Musk’s arguments that his Twitter post about the electric vehicle maker’s production volume did not violate his recent fraud settlement.
The European Union’s aviation safety regulator on Tuesday suspended all flights in the bloc by Boeing 737 MAX and the U.S. Senator who chairs a panel overseeing aviation suggested the United States take similar action following a crash in Ethiopia that killed 157 people.
A gauge of world equity markets rose and the dollar eased on Tuesday after a tame reading on U.S. inflation reinforced expectations the Federal Reserve will not raise interest rates anytime soon, while Boeing shares slid for a second day.
The head of a U.S. Senate panel said on Tuesday he plans to hold a hearing on the fatal crashes of two Boeing Co 737 MAX 8 jets since October as a growing number of lawmakers called on U.S. regulators to ground the airplane.
President Donald Trump, concerned about the deadly crash of a Boeing 737 MAX passenger plane in Ethiopia, spoke to Boeing Chief Executive Dennis Muilenburg on Tuesday and received assurances that the aircraft was safe, two people briefed on the call said.
The S&P 500 and the Nasdaq rose on Tuesday after tame inflation data underscored the Federal Reserve’s dovish stance on interest rate hikes, but the Dow ended lower as Boeing’s shares sank for a second day after one of its planes crashed in Ethiopia.
The head of a U.S. Senate panel that oversees aviation issues said on Tuesday that he plans to hold hearings on the fatal crashes of two Boeing 737 MAX 8 jets since October, and suggested it would be “prudent” to temporarily ground the planes.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
