Boeing (NYSE: BA) Co. disclosed that it has not made recent aircraft deliveries to China due to a request from the country's aviation regulator for additional certification documents.
The documents pertain to the batteries in cockpit voice recorders, which are installed on all Boeing models, including the 787 and 737 Max.
The aerospace giant acknowledged the impact of this halt on its financials, with the company's Chief Financial Officer indicating an expected hit to... (continue reading...)
By Sarah N. Lynch, David Shepardson and Mike Scarcella
WASHINGTON (Reuters) -The U.S. Justice Department and a group of 30 states and the District of Columbia Thursday sued to break up Live Nation, arguing the big concert promoter and its Ticketmaster unit illegally inflated concert ticket prices and hurt artists.
"It is time to break up Live Nation,” said U.S. Attorney General Merrick Garland.
Concert fans and politicians for... (continue reading...)
A recent survey by Strategas reveals that investors are largely anticipating the Federal Reserve to commence rate cuts in September, despite persistent hawkish sentiments.
Weak U.S. economic data for April did not prompt Strategas clients to bring forward their expectations to June or July.
Notably, the survey indicates that most of the firm's clients foresee only three rate cuts through May 2025, a significant shift from the January survey, where expectations... (continue reading...)
Grant’s Interest Rate Observer has named Hallador Energy (NASDAQ: HNRG) as a new bullish investment idea in its latest issue.
Grant’s sees the company as a unique AI play and believes there’s room for share price to run. HNRG has a market cap of 200M.
By Nupur Anand and Manya Saini
NEW YORK (Reuters) -Morgan Stanley's executive chairman James Gorman told the bank's annual shareholder meeting on Thursday that he would step down on Dec. 31.
The former CEO cited the "successful transition" of his successor Ted Pick into the top job at the start of this year.
The bank's stock fell nearly 1% in morning trading.
The former CEO spent 14 years at the helm and is... (continue reading...)
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U.S. Twenty-year Bonds Draw 4.635%; Allotted At High 30.20% - Bloomberg
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Amazon to launch AI-overhauled Alexa with paid plans, CNBC reports
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Persistent US federal deficits hurt GDP, incomes&living standards: Piper
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Goldman now sees US debt-to-GDP ratio hitting 130% by 2034 vs 97% prior forecast
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US consumer watchdog will apply credit card rules to buy now, pay later companies
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Google set to bring ads in search AI Overviews
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Apple says US antitrust lawsuit should be dismissed
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Comcast prices Peacock, Netflix, Apple TV+ streaming bundle at $15 a month
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Disney's Pixar Animation to lay off about 14% of workforce
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Nvidia options underpricing rising earnings fragility
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Microsoft (MSFT) introduces Copilot+, a PC equipped with AI
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Fed's Daly sees no immediate need to raise rates amid inflation concerns
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Inflation data so far in 2024 "disappointing" - Fed's Barr
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Fed policymakers still cautious on inflation and policy
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Interest rates likely to remain above levels seen in past decade - Fed's Bostic
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US FDA clears Neuralink's brain chip implant in second patient, WSJ reports
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Target lowering prices on 5,000 items in bid to lure more shoppers
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Cybersecurity company CyberArk to acquire Venafi in $1.5 billion deal
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Several Wall Street brokers raise price targets on Nvidia stock into earnings
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Apple set to release slimmer iPhone in 2025, the Information reports
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Factbox-Boeing faces multiple probes after mid-air MAX door plug blowout
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Midday movers: Reddit, Tesla and Robinhood rise; GameStop falls
