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Joe Raedle | Getty Images A Southwest Boeing 737 Max 8 enroute from Tampa prepares to land at Fort Lauderdale-Hollywood International Airport on March 11, 2019. Shares of Boeing fell in after-market trading Wednesday on news that the FBI has reportedly joined a criminal investigation of the certification process for …
Read More »Monthly Archives: March 2019
‘Dumbo’ kicks off slate of Disney remakes ahead of Disney+ launch
Fans of “Dumbo” will notice that the new film’s plot strays a bit from the original feature. As Disney has adapted these classic animated films into live-action features, it has not been uncommon for them to update the script to reflect modern storytelling and to expand the scope of the …
Read More »Pentagon to probe if Patrick Shanahan used his office to help Boeing
Mike Kane | Bloomberg | Getty Images Crewman tow in a Boeing Co. Max 737 jet after landing at King County International Airport in Seattle, Washington, U.S., on Friday, Jan. 29, 2016. Boeing Co.’s newest 737 jetliner gunned its engines and headed into rain-streaked skies Friday, with profit and pride …
Read More »Amazon is blocking ads for unprofitable products
Joshua Roberts | Reuters Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC’s “Milestone Celebration Dinner” in Washington, U.S., September 13, 2018. As Amazon steps up its effort to show Wall Street it can generate profits, the e-commerce …
Read More »Buy Boeing shares because the 737 Max is ‘too big to fail,’ analyst says
Ethiopian Airlines Flight 302, a Boeing 737 Max 8, went down shortly after takeoff from Addis Ababa on March 10, killing all 157 people aboard. Aviation authorities around the world grounded Boeing 737 Max planes last week after the crash. Five months earlier, an Indonesian Lion Air 737 Max 8 …
Read More »Google EU fine: investors not worried
Stephen Lam | Reuters Google CEO Sundar Pichai speaks onstage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Google was hit with another fine from EU antitrust regulators Wednesday, and investors didn’t bat an eye. The stock rose 2 percent by the end of …
Read More »Trump comments on Federal Reserve interest rate decision
Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, March 20, 2019. Trump has publicly pushed the central bank to hold steady on rates, even …
Read More »FAA says reviewing 737 Max software fix is ‘an agency priority’
Joshua Roberts | Reuters An American Airlines Boeing 737 MAX 8 flight from Los Angeles lands at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States in Washington, March 13, 2019. The Federal Aviation Administration, already under …
Read More »Fed dot plot March 2019
Leah Millis | Reuters A pedestrian walks past the Federal Reserve building on Constitution Avenue in Washington, March 19, 2019. The Federal Reserve said Wednesday it expects the benchmark rate to stay near 2.4 percent by the end of 2019, slashing its forecast from 2 hikes for the year to …
Read More »Micron’s stock could drop another 15% on make-or-break earnings report
Micron’s stock is at a critical juncture. While it has recovered by nearly 30 percent since the chipmaker reported a disappointing quarter in December, experts say Micron’s fate hinges on its after-the-bell earnings report Wednesday. “If we look at the history of Micron … from the 2009 low, we have …
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