A group of Southwest Airlines Boeing 737 Max 8 aircraft sit on the tarmac at Phoenix Sky Harbor International Airport in Phoenix, Arizona. Ralph Freso | Getty Images The worldwide grounding of Boeing 737 Max planes is now in its fifth month and disruptions to air travel are set to continue for several months more.
Month: July 2019
A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Chewy said on Thursday it generated $1.1 billion in sales in its first quarter, recording a net loss of $29.6
Congress is going crypto. Lawmakers from the U.S. Senate and House of Representatives heard testimony this week regarding Facebook’s Libra project in the interest of finding a way to regulate the digital payment system and ascertain how it is different from cryptocurrencies like bitcoin. In the hourslong confabs, Congress heard testimony from Calibra chief David
(L-R) Actors Noah Schnapp, Caleb McLaughlin and actress Sadie Sink pose after the Stranger Things panel during day 2 of Argentina Comic Con 2018 at Costa Salguero on December 08, 2018 in Buenos Aires, Argentina. Ricardo Ceppi | Getty Images | NETFLIX Wall Street analysts were urging clients to remain calm in the wake of
Most people understand the virtues of a 401(k) when it comes to saving for retirement. Still, few know that there’s another employer-sponsored plan that could work just as well, if not better. Like a traditional 401(k), a Roth 401(k) lets you contribute up to $19,000 a year through automatic payroll deductions and may come with
ASSOCIATED PRESS IBM is catching up with fast growing technology companies Microsoft and Amazon, recently. On Wall Street, that is. IBM’s shares have gained 34.80% YTD, compared to 35.58% of Microsoft and 30.80% of Amazon—see Chart. All three companies have outperformed the overall market. IBM, Microsoft, and Amazon shares YTD Koyfin That’s a big change
Hand drawing Karma Cycle concept with black marker on transparent wipe board. Getty Sometimes you put good money into a good normal stock and still reap negative profits. Perhaps it receives bad press for some unjustified reason. Perhaps a recession hits. Perhaps the CEO resigns unexpectedly. In that regard, I guess that karma doesn’t work
Like many Americans, I’d support any of the more than 20 Democratic presidential candidates over the current occupant of the White House. They are all qualified, articulate, thoughtful, patriotic grownups. Not one of them spent the Fourth of July thanking the Continental Army for securing LaGuardia. Nor does any need a teleprompter to speak full
CNBC’s Jim Cramer said Friday that the steel cycle is making a turn and Nucor will be the best way to play the market. In recent weeks, the big steelmaker twice increased the price of flat-rolled steel that summed up to $80 per ton, and that’s how the turn in the group tends to start,
Workers stand near Boeing 737 MAX airplanes as they sit parked at a Boeing facility adjacent to King County International Airport, known as Boeing Field, on May 31, 2019 in Seattle, Washington. David Ryder | Getty Images Boeing on Thursday said it will take a $4.9 billion charge to the second quarter due to the
Eric Rosengren, president and chief executive officer of the Federal Reserve Bank of Boston at the Brookings Institution in Washington, D.C., on Jan. 8, 2018. Andrew Harrer | Bloomberg | Getty Images President Donald Trump’s constant berating of the Federal Reserve and its actions does not influence the central bank’s decisions on monetary policy, Boston
Larry Fink, chief executive officer of BlackRock Inc., speaks during a Bloomberg Television interview in New York, U.S., on Wednesday, April 19, 2017. Bloomberg | Bloomberg | Getty Images Companies are moving their supply chains out of China instead of waiting for a trade resolution between Washington and Beijing, BlackRock Chairman and CEO Larry Fink
Tropical Storm Barry is shown in the Gulf of Mexico approaching the coast of Louisiana, in this July 11, 2019 NASA satellite handout photo. NASA | Reuters Homeowners dealing with damage from summer storms have another disappointment ahead: They may not be able to get a tax break for their losses. That’s because a provision
At a recent rally in North Carolina, Donald Trump spewed a litany of racist lies about Congresswoman Ilhan Omar (D-M.N.), including the outrageous falsehood that she supports al-Qaeda. As he told lie after lie about her, the crowd launched into a chant of “Send her back!” Just as he did all through the 2016 election
The view from the rooftop at Ora Apartments, one of a number of multifamily buildings that have been added to the selection of residences in D.C.’s Kalorama Ora There’s a secluded spot in Washington, D.C. where the American business and political elite have crossed paths for generations. It’s a quiet, serene place where you might
President Donald Trump pumps his fist after putting on a hard hat given to him before speaking to the National Electrical Contractors Association Convention at the Pennsylvania Convention Center, Tuesday, Oct. 2, 2018, in Philadelphia. (AP Photo/Evan Vucci) ASSOCIATED PRESS Low state tax rates appear to be driving faster job growth since President Trump signed
Tom Cruise on the set of “Top Gun.” Paramount Pictures | Sunset Boulevard | Corbis | Getty Images On Thursday, Paramount debuted the first trailer for “Top Gun: Maverick,” a sequel to the much beloved ’80s classic “Top Gun,” at San Diego Comic-Con. By Friday, eagle-eyed fans had spotted one big difference between the iconic
Larry Fink Anjali Sundaram | CNBC BlackRock, the world’s largest asset manager, missed analysts’ estimates for quarterly profit on Friday, as investment advisory and securities lending revenue fell and costs rose. Its institutional funds added $87.36 billion in the second quarter, up from $29.12 billion in the first quarter. Investors poured more money into BlackRock’s actively
The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren Keith Bedford | Reuters Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can afford to be patient as long as the economy holds up.
CEO of Apple Tim Cook attends China Development Forum 2019 at the Diaoyutai State Guesthouse on March 23, 2019 in Beijing, China. Han Haiden | Visual China Group | Getty Images Here are the biggest calls on Wall Street on Friday: Nomura Instinet raised its price target on Apple to $180 from $175 Nomura raised
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