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Boeing, FAA reviewing wiring issue on grounded 737 MAX

Boeing Co and the Federal Aviation Administration (FAA) confirmed on Sunday they are reviewing a wiring issue that could potentially cause a short circuit on the grounded 737 MAX. The New York Times reported Boeing is reviewing whether two bundles of wiring are too close together, which could lead to a short circuit and potentially result in a crash if pilots did not respond appropriately. Boeing is currently working to design separating the wiring bundles if necessary and conducting extensive analysis to establish if the electrical fault could occur in a real-world scenario, a company official said. …read more […]

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Draghi, Yellen Warn of Risks Facing Policy in Low-Rate World

(Bloomberg) — The U.S. and the euro area face daunting economic challenges in a world of low inflation and interest rates and central banks alone don’t have the tools to cope.That’s the message delivered to the American Economic Association’s annual meeting on Sunday by former European Central Bank President Mario Draghi and ex-Federal Reserve Chair Janet Yellen.“I believe that for the euro area there is some risk of Japanification, but it is by no means a foregone conclusion” if it acts comprehensively to avoid a deflationary malaise, Draghi said via a video link to the conference in San Diego. “The …read more […]

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Iran’s Cyber Attack on Billionaire Adelson Provides Lesson on Strategy

(Bloomberg) — As the U.S. awaits possible retribution over a recent airstrike that killed a top general, there’s at least one American businessman who can attest, in detail, to what happened after he provoked Iran.In October 2013, Sheldon Adelson, the casino magnate and prominent supporter of conservative politicians and Israel, appeared on a panel in New York in which he suggested that the U.S. could send a message to Iran, regarding its nuclear ambitions, by detonating an American warhead in the middle of the Iranian desert.“You want to be wiped out? Go ahead and take a tough position,” said Adelson, …read more […]

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Give Up Facebook for a Month and Help Economists Fix GDP

(Bloomberg) — Would you give up Facebook for one month in exchange for $50?The question, posed by MIT’s Erik Brynjolfsson and four co-authors of a new paper, may help economists get a better measure of the extent to which new, free technologies are reshaping the economy and our lives. The answer, unsurprisingly, is a lot.They estimate that the social network by itself could add as much as 0.11 percentage points annually to U.S. gross domestic product if measured by its benefit to users. The paper was presented Saturday at the annual meeting of the American Economic Association in San Diego.The …read more […]

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Oil Set for Bumpy Week as U.S. Says Iran May Strike Saudi Again

(Bloomberg) — Oil is set for a bumpy week as the U.S. warned Iran may attack Saudi Arabia again following the American assassination of one of the Islamic Republic’s most powerful generals.There’s “heightened risk” of missile attacks near military bases and energy facilities in Saudi Arabia, the U.S. State Department warned Sunday, raising the prospect of disruptions in the world’s most important oil-producing region.The warning followed a weekend of bellicose rhetoric. President Donald Trump said more than 50 Iranian sites could be hit if Tehran retaliates against the killing of Qassem Soleimani, while the Middle East nation said it has …read more […]

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Analysts: These 3 Buy-Rated Stocks Could Be Big Winners in 2020

2020 has only just begun, but it already has some big events set in the calendar. The Olympic games will take place in the summer, with the U.S. presidential election to follow. Bearing this in mind, investors are on the hunt for the stocks with the potential to soar skywards in the coming year.No one can tell what the new year has in store, but one simple fact will always remain; investors are after plentiful returns. So, how can we narrow the search down as much as possible to ensure investing success? Using TipRanks’ Stock Screener, we were able to …read more […]