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Yearly Archives: 2019

Grounded new planes, routes, safety inspections

Michael S. Williamson | The Washington Post | Getty Images As an airliner prepares to land, a bird takes off at the Gravelly Point park that’s just off the end of the runway near Reagan National Airport. Airlines can’t get federal officials to sign off on new planes and routes …

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Fed Chief Jerome Powell says Apple’s iPhone sales warning shows China economy is slowing

Mark Wilson | Getty Images Federal Reserve Board Chairman Jerome Powell speaks during a news conference on December 19, 2018 in Washington, DC. The US Federal Reserve raised the short-term interest rates by a quarter percentage point on Wednesday, the fourth increase of the year, and signaled two more hikes …

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MGM Resorts rises on report of Starboard Value stake

Chris Goodney | Bloomberg | Getty Images Jeff Smith, chief executive officer and chief investment officer of Starboard Value LP. Shares of MGM Resorts rose on Thursday after a report that activist hedge fund Starboard Value has built a stake in the company. Two people familiar with the matter told …

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Steven Mnuchin still likely to go to Davos if government still shut down

Andrew Harrer | Bloomberg | Getty Images Steven Mnuchin, U.S. Treasury secretary, listens to a question while speaking to members of the media outside the White House in Washington, D.C., U.S., on Monday, Dec. 3, 2018.  Treasury Secretary Steven Mnuchin is likely to lead the Trump administration’s delegation to the …

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Bitcoin stumbles below $4,000, reversing weekend gains

Bitcoin’s struggles are continuing into 2019. The world’s largest cryptocurrency dropped 6 percent on Thursday morning to a low of $3,741.91, according to industry data site CoinDesk. The sudden and sharp drop brings bitcoin’s one-year losses to more than 70 percent. Other major cryptocurrencies struggled, too. Ether fell 12.5 percent …

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Ford Europe to slash thousands of jobs in turnaround plan

Carl Court | Getty Images News | Getty Images An employee walks past a Ford logo in the yet-to-be-completed engine production line at a Ford factory on January 13, 2015 in Dagenham, England. Ford said it will seek to exit the multivan segment, stop manufacturing automatic transmissions in Bordeaux in …

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For the first time since 2006, not a single US bank failed last year

Al Seib | Los Angeles Times | Getty Images A Los Angeles Police Officer uses yellow tape to cordon off an area for customers with names on a list waiting to enter the IndyMac Federal Bank branch in Encino in July, 2008. Not a single bank failed last year, a …

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Here are the top 10 defense contractors in the world

U.S. Marine Corps photo A Huey door gunner unloads on a target at the Chocolate Mountain Aerial Gunnery Range, Calif., Oct. 2, 2013. WASHINGTON — American defense firms are the indisputable leaders of the world’s $398 billion arms sales industry, according to a report by the Stockholm International Peace Research …

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Government shutdown could affect revenue results for tech companies

David Paul Morris | Bloomberg | Getty Images George Kurian, CEO of NetApp, speaks at a Bloomberg West Television interview in San Francisco on May 27, 2016 Technology companies that work with the U.S. government could get hit as the shutdown over a border wall continues, some analysts say. It’s …

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Boeing could rise 31% on strong airplane sales, Morgan Stanley says

Mike Kane | Bloomberg | Getty Images An employee works on the nose of a Boeing airplane at the company’s facility in Everett, Washington. Boeing could have a major surge in the next 12 months on the back of strong commercial airplane sales, according to an analyst at Morgan Stanley. …

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