Boeing Co said on Tuesday it does not expect to win approval for the return of the 737 MAX to service until mid-year due to regulatory scrutiny on its flight control system.
Yahoo Finance’s Alexis Christoforus talks with Verizon CEO Hans Vestberg on the future of 5G technology at the World Economic Forum in Davos, Switzerland. …read more […]
Wall Street backed away from all-time highs on Tuesday as investors returned from a holiday weekend to face a viral outbreak in China and a downbeat global growth outlook from the International Monetary Fund (IMF).
Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver court on Tuesday, where her lawyers are expected to build on their arguments against the U.S. extradition request that they say is based a sanctions violation and not bank fraud.
Boeing Co told airlines and suppliers on Tuesday it now forecasts it does not expect to win approval from regulators for the return of the 737 MAX to service until June or July, a source briefed on the matter said.
Boeing Co shares plunged on Tuesday after the planemaker told airlines and suppliers it now forecasts it does not expect to win approval from regulators for the return of the 737 MAX to service until June or July – significantly longer than some forecasts – a source briefed on the matter said. Boeing’s best-selling plane has been grounded since March after two fatal crashes killed 346 people in five months. Boeing shares fell 5.5% and were halted for pending news. …read more […]
Troubles continue for Boeing as they are reportedly looking to secure $10 billion in loans and a New York Times report linked a Turkish Airlines crash to the company. Yahoo Finance’s Julie Hyman, Adam Shapiro, Alexis Keenan, Akiko Fujita and Jim Awad of Clearstead Advisors discuss. …read more […]
Wall Street’s main indexes paused near all-time highs on Tuesday, as concerns about the fallout from a deadly virus outbreak in China and a downbeat growth outlook from the IMF prompted investors to lock in recent gains.
Risk assets took a hit across the globe on Tuesday while the Japanese yen and U.S. Treasury prices gained as financial markets reacted to mounting concern about a new strain of flu-like virus in China.
Starbucks Corp aims to add more plant-based food and drinks to its menu as part of the company’s latest plan to become more environmentally friendly, Chief Executive Kevin Johnson said on Tuesday, prompting a surge in shares of Beyond Meat Inc .
The term ‘buy when there’s blood in the streets’ was coined in the 18th century by Baron Rothchild. The contrarian act, as most investors know, is a preemptive call to load up on shares of downtrodden and badly performing companies that have recently taken a severe beating in the market but present the perfect timing to invest. While some investors automatically avoid underperforming names, the ones willing to take the risk can often receive handsome reward once the company at question executes a turnaround.Wall Street pros know the system well and are often on the lookout for such opportunities. With …read more […]
Oil prices fell on Tuesday on expectations that a well-supplied global market, including supplies from growing record U.S. production, would be able to absorb disruptions that have cut Libya’s crude production to a trickle.
(Bloomberg) — Tesla Inc. has reached a settlement with the state of Michigan over its federal lawsuit challenging a state ban on direct-to-consumer car sales, according to people familiar with the matter.An announcement of the accord is expected as soon as Wednesday, said the people, who asked not to be identified ahead of a filing in a U.S. District Court in Michigan. Terms of the settlement couldn’t be immediately confirmed.The Michigan attorney general’s office had no immediate comment. Tesla representatives didn’t respond to requests for comment.Tesla, which sells its electric cars directly to consumers in roughly two dozen states, filed …read more […]
Warren Buffett will never bet against America, but he does trust certain indicators to tell him when to hold back.
Today, Nicholas Vardy explains what Buffett’s favorite indicator means for the U.S. market in the years ahead.
“For 240 years, it’s been a terrible mistake to bet against America, and now is no time to start.”
– Warren Buffett
Warren Buffett is no pessimist.
He believes that the American economy will continue to deliver growth and prosperity. And Buffett would never bet against America in the long run.
But today, as investors are gripped by greed and the U.S. stock market hits new highs… Buffett has …read more […]
Goldman Sachs Chief Executive David Solomon called WeWork’s abandoned initial public offering (IPO) a great example of the listing process working on Tuesday, even if was “not as pretty as everybody would like it to be”.
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