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Boeing’s 777X jetliner takes off on maiden flight

Boeing Co began the maiden flight on Saturday of the world’s largest twin-engined jetliner as the embattled planemaker steps up competition with European rival Airbus in a respite from a crisis over its smaller 737 MAX. The 777X, a larger and more efficient version of Boeing’s successful 777 mini-jumbo, took off outside Seattle at 10:09 a.m. local time (1.09 p.m. ET) after high winds forced the company to postpone two earlier attempts this week.

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Boeing's 777X jetliner takes off on maiden flight

Boeing Co began the maiden flight on Saturday of the world’s largest twin-engined jetliner as the embattled planemaker steps up competition with European rival Airbus in a respite from a crisis over its smaller 737 MAX. The 777X, a larger and more efficient version of Boeing’s successful 777 mini-jumbo, took off outside Seattle at 10:09 a.m. local time (1.09 p.m. ET) after high winds forced the company to postpone two earlier attempts this week. Boeing officials said the maiden voyage would last 3-5 hours and herald months of testing and certification before the aircraft enters service …read more […]

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Credit Card Pros and Cons

When looking at the pros and cons of credit cards, a few things stand out. If you’ve ever owned a credit card, you know it’s easy to slip into bad habits. Don’t have enough money in your account? Put it on the card. Waiting for payday? Put it on the card. Credit cards aren’t all bad though. In responsible hands they can provide a lot of benefits.

Let’s take a deeper look at the most obvious credit card pros and cons.
Pros of Credit Cards
Credit Building
Whether you like it or not, we live in a culture of debt. Much of our society …read more […]

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What the Church’s Latest Debate Means for Your Portfolio

Earlier this month, I mentioned that I lend a hand to a religious foundation that manages $100 million in stocks and bonds for churches.
My role is twofold: I monitor the money manager, and I also help raise money for the foundation.
Many investors think that the church and the market have very different agendas and motivators – but that’s not always the case.
The foundation I volunteer with follows a practice called socially responsible investing (SRI). You may have heard of it, or you may be familiar with its cousin: environmental, social and governance (ESG) investing.
SRI is a very broad term that …read more […]

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U.S. Treasury's Mnuchin says he has learned his lesson on dollar comments

U.S. Treasury Secretary Steven Mnuchin said on Saturday he had learnt the hard way to be guarded in his comments on the dollar after roiling financial markets in 2018 by breaking from the usual language about the currency. Two years ago at the World Economic Forum in Davos, Mnuchin sent the U.S. currency reeling when he said he welcomed a weak dollar. “One of the things I’ve clearly learned as treasury secretary, I’m very careful about my comments on the dollar, because two years ago in Davos, I sneezed, and I said something that I thought was …read more […]

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U.S. Plans to Evacuate Some Americans From Wuhan: Virus Update

(Bloomberg) — The novel coronavirus spread to more countries in the Asia Pacific region as China reported a surge in deaths and new cases due to the outbreak.The virus has killed at least 41 people in China, with media reports citing chaotic scenes as hospitals in the city of Wuhan turned away people who were unwell. The U.S. plans to close its consulate in the city temporarily and evacuate some Americans from the area, Dow Jones reported.Australia and Malaysia confirmed infections on Saturday, while the virus also spread to South Asia as Pakistan and Nepal reported cases. U.S. health authorities …read more […]