Month: January 2020

Malaysia Airlines said on Wednesday it has suspended taking delivery of 25 Boeing 737 MAX jets, citing the plane’s delayed return to service since it was grounded last year following two fatal crashes. “In view of the production stoppage and the delayed return to service of the 737-MAX, Malaysia Airlines has suspended the delivery of its orders,” the struggling airline said in an email. The carrier had been due to take delivery of its first 737 MAX in July 2020 but last year its chief executive said the introduction to service could slide beyond that. …read more […]

(Bloomberg) — An analyst who picked an inopportune time to downgrade Tesla Inc. is expressing regret, giving Elon Musk credit, and yet still doubting the electric-car maker deserves such a rich valuation.“I wish I hadn’t done it,” Joe Osha, an analyst at JMP Securities, said of his decision to cut Tesla to the equivalent of a hold from a buy on Oct. 3.The move looked shrewd at first — the shares slumped 4.2% that day, after Tesla reported quarterly deliveries that fell short of a number the chief executive officer hyped the week before. But later in October, the billionaire …read more […]

Brent oil prices have failed to break through $75 in recent years, but this key resistance point may soon be broken if Iran retaliates in the way that some of our sources suggest it will …read more […]

(Bloomberg) — A Delta Air Lines Inc. jet dumped fuel over elementary school playgrounds in Los Angeles, causing skin irritations and breathing problems for 44 children and adults, after an engine problem forced the plane to turn around shortly after takeoff.The injuries were minor and none of the victims was taken to hospitals, the Los Angeles County Fire Department said in a tweet Tuesday. Students and adults “may have been sprayed by fuel or inhaled fumes,” the Los Angeles Unified School District said in a statement about the health effects.Firefighters reported victims from at least four schools. The Federal Aviation …read more […]

America’s largest natural gas driller reported a $1.8 billion dollar impairment for Q4 2019, signaling continued distress in the U.S. shale patch …read more […]

Signing of the “phase one” trade deal, Federal Reserve’s release of its Beige Book and another round of bank earnings will keep investors busy Wednesday. …read more […]