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How Boeing's 737 MAX Troubles Ripple Through the Industry

  • How Boeing's 737 MAX Troubles Ripple Through the Industry How Boeing's 737 MAX Troubles Ripple Through the Industry 4:36
5:35 a.m. July 1, 2020 - By Barbara Kollmeyer
Mixed data weigh on European stocks, as well as U.S. virus worriesEuropean stocks are struggling as a batch of mixed data halted investor optimism at the start of the third quarter.
6:49 a.m. June 24, 2020 - By Greg Robb
IMF slashes world growth outlook for 2020 and sees sluggish turnaround next year Global economy now seen contracting 4.9% in 2020, almost 2 percentage points below April forecastThe International Monetary Fund again cut its global economic forecast for 2020 on Wednesday, saying that the coronavirus pandemic has caused an unprecedented decline in global activity.
7:06 p.m. June 22, 2020 - Associated Press
China launches last satellite in GPS-like Beidou system Global coverage will offer alternative to U.S., European, Russian sat-nav systemsChina on Tuesday launched the final satellite in its Beidou constellation that emulates the U.S. Global Positioning System, marking a further step in the country’s advance as a major space power.
5:26 p.m. June 19, 2020 - Associated Press
Bolton book adds urgency to Trump bid to depict himself as a China hawk and to paint Biden as a Beijing apologistThe Trump campaign has been running television ads seeking to portray Democratic presidential nominee Joe Biden as a puppet of China, but, according to a new book by former Trump national-security adviser John Bolton, Donald Trump in 2019 warned Chinese President Xi Jinping that the Democrats were actually hostile toward Beijing.
6:50 a.m. June 19, 2020 - By Steve Goldstein
This fund manager whose biggest short was Wirecard says he is the most bullish toward stocks since 2009Why one fund manager is the most optimistic he has been about the stock market in a decade.
11:29 a.m. June 12, 2020 - Associated Press
Two years after Trump-Kim summit, North Korea reiterates vow to pursue military-force buildup Pyongyang’s foreign minister threatens to withhold further meetings with Kim that Trump can claim as foreign-policy winsPyongyang’s foreign minister threatens to withhold further meetings with Kim that Trump can claim as foreign-policy wins.
9:06 a.m. June 10, 2020 - By Ciara Linnane
Coronavirus update: Global death toll passes 412,000, as Dr. Fauci warns that COVID-19 is far from over Starbucks expects to be profitable again by the fourth quarter, and Best Buy is letting customers back into its storesThe coronavirus pandemic that has cost more than 412,000 lives globally took just one month to span the globe and is still far from over, even as countries around the world move to lift quarantines, stay-at-home orders and other restrictions on movement.
8:10 a.m. May 31, 2020 - By Tanner Brown
Trade-war collateral damage: destruction of $1.7 trillion in U.S. companies’ market value New York Fed report backs earlier evidence that American companies have continued to pick up the tab for Trump-initiated tariffsNew York Fed report confirms earlier evidence that American companies continue to pick up the bill for Trump-initiated tariffs
4:28 a.m. May 22, 2020 - Associated Press
Mayor: Pakistan plane crash kills all 107 people onboardA passenger plane belonging to state-run Pakistan International Airlines crashed near the southern port city of Karachi on Friday, killing all 107 passengers and crew, the city’s mayor said.
12:37 p.m. May 20, 2020 - Associated Press
What we know about ‘super-duper’ missiles President Trump has referred to them as “super-duper” missiles though they’re better known as hypersonic weaponsThey fly at speeds of a mile a second or faster and maneuver in ways that make them extra difficult to detect and destroy in flight.
9:30 p.m. May 12, 2020 - By Barbara Kollmeyer
Beware of ‘foreign tourists’ pushing up the S&P 500, then bailing when things get bumpy, says Citi Critical information for the U.S. trading day Wall Street wariness is spreading. After Goldman’s warning of an 18% stock drop earlier this week, Citigroup warns that foreign investors may be getting interested in U.S. stocks, and history shows that could be a problem.
12:01 a.m. May 11, 2020 - Associated Press
Iran says 19 sailors killed in training exercise mishapAn Iranian missile fired during a training exercise in the Gulf of Oman struck a support vessel near its target, killing 19 sailors and wounding 15, Iran’s state media reported on Monday, amid heightened tensions between Tehran and the U.S.
7:51 a.m. May 2, 2020 - By Ciara Linnane
Coronavirus update: More than a million people have recovered; Trump pushes China conspiracy theory Exxon Mobil posts first quarterly loss in decades, and Clorox produces a blowout report thanks to demand for disinfecting productsThe number of patients that have recovered from the coronavirus that causes COVID-19 rose to more than a million on Friday, offering a rare piece of good news in the pandemic that has caused more than 230,000 deaths and tanked economies around the world.
3:12 a.m. April 29, 2020 - By Tomi Kilgore
3M’s stock surges on earnings beat, that was nearly 20 years in the making Company to provide monthly update on business performance until visibility improves; CEO makes nice with President TrumpShares of 3M Co. surged Tuesday, after the maker of highly sought after N95 face masks reported first-quarter earnings that beat expectations, showing that preparation and patience pays off.
11:23 a.m. April 24, 2020 - By Ciara Linnane
Coronavirus update: Maker of Lysol warns against injecting it and Russia sees major spike in virus cases overnight Google is halving its marketing budget and Boeing’s 737 Max fleet is expected to see further delay in resuming flightsThe manufacturer of Lysol and Dettol, health experts, and even the Environmental Protection Agency rushed to warn consumers Friday that President Donald Trump’s suggestion to inject disinfectant or use ultraviolet light to treat COVID-19 could prove lethal.
12:05 p.m. April 22, 2020 - By Robert Schroeder
Trump says he’s ordered Navy to destroy Iranian gunboats ‘if they harass our ships’ Threat comes after Islamic Republic launches first military satellite President Donald Trump warned Iran on Wednesday that he’d ordered the U.S. Navy to destroy any Iranian ships that “harass our ships at sea,” one week after close encounters between vessels from the two nations.
7:09 a.m. April 18, 2020 - By Kishore Mahbubani
How China could win over the post-coronavirus world and leave the U.S. behind COVID-19 pandemic may accelerate America’s declining status with traditional allies, former diplomat saysCOVID-19 pandemic may accelerate America’s declining status with traditional allies, writes former Singaporean diplomat Kishore Mahbubani.
10:40 a.m. April 16, 2020 - By Satyajit Das
The economic fallout from the coronavirus pandemic is bigger than any stimulus now in the works World governments are flying blindfolded into a monumental stormWorld governments are flying blindfolded into a monumental storm, writes Satyajit Das.
4:44 a.m. April 14, 2020 - By Tanner Brown
U.S. public opinion toward China is at an all-time low, and it’s not solely about the coronavirus Animosity predates pandemic blame gameThe historic bilateral animosity predates the current pandemic blame game.
1:37 a.m. April 14, 2020 - Associated Press
North Korea fires barrage of missiles from ground and airA barrage of North Korean missiles fired from both the ground and fighter jets splashed down on the waters off the country’s east coast on Tuesday, South Korea’s military said, a major show of force on the eve of a key state anniversary in the North and parliamentary elections in the rival South.
5:50 a.m. April 2, 2020 - By Greg Robb
U.S. trade deficit narrows 12.2% in February to $39.9 billion Both U.S. imports and exports decline, a preview of likely trends for coming monthsThe nation’s trade deficit narrowed by 12.2% in February, the Commerce Department said Thursday.
9:26 a.m. March 28, 2020 - By Alex Leary
Trump administration plans three-month suspension of import-tariff collection Move is intended to provide financial relief to U.S. companies struggling amid coronavirus pandemicThe move is intended to provide financial relief to U.S. companies struggling amid coronavirus pandemic.
10:15 p.m. March 25, 2020 - By Associated Press
Asian stocks mixed after Wall Street’s back-to-back gainsPrices have swung wildly as business shutdowns spread around the world. Investors say they need to see a decline in numbers of new coronavirus infections before prices can bottom out.
11:36 a.m. March 15, 2020 - By Tanner Brown
Inside China’s campaign to blame the U.S. for the coronavirus pandemic Chinese officials and state media sow doubt — and levy accusations — about COVID-19 disease’s originChinese officials and state media have sought to sow doubt about the pandemic’s origin.
7:05 a.m. March 7, 2020 - Associated Press
Islamic State claims responsibility after gunmen kill 32 at memorial ceremony in Afghan capitalGunmen opened fire Friday at a ceremony in Afghanistan’s capital attended by prominent political leaders, killing at least 32 people and wounding dozens more before the two attackers were slain by police, officials said. The Islamic State group claimed responsibility for the attack in a statement on its website.
1:46 p.m. March 5, 2020 - Associated Press
Pompeo says violence upsurge after Taliban peace deal is unacceptable but not unexpected Officials note that U.S.-Taliban pact did not include a full cease-fireOfficials noted that the deal did not include a full cease-fire but left negotiations on a nationwide truce to the follow-up talks.
5:04 a.m. March 5, 2020 - Associated Press
U.S.-Taliban peace deal: Results are mixed four days in U.S. airstrike triggered by spike in violence by Taliban against Afghan government forcesJust hours after the U.S. military launched an airstrike targeting Taliban fighters in Afghanistan, top defense leaders told Congress that the results of the peace deal signed on Saturday have been mixed
7:25 a.m. March 3, 2020 - Associated Press
Afghan president say he won’t abide by prisoner-release terms set by U.S. and Taliban U.S.-Taliban peace pact calls for 5,000 Taliban prisoners to be released by Afghan government; Taliban to release 1,000 captivesU.S.-Taliban peace pact calls for 5,000 Taliban prisoners to be released by Afghan government and for the Taliban to release 1,000 captives.
7:25 a.m. March 3, 2020 - Associated Press
Defense secretary says road to peace in Afghanistan remains ‘long, windy, bumpy’ Taliban says it is continuing attacksDefense Secretary Mark Esper said Monday he has approved the start of an American troop withdrawal even as the Taliban said it would continue attacks against Afghan forces.
1:33 a.m. Feb. 25, 2020 - Associated Press
UAE bans Iran flights over virus; at least 15 dead in IranThe United Arab Emirates on Tuesday banned all flights to and from Iran over the outbreak of the new coronavirus, just a day after its spread from the Islamic Republic was announced across multiple Mideast nations. Iran meanwhile raised the official death toll from the virus to 15 killed amid 95 confirmed infections.
12:55 a.m. Feb. 25, 2020 - Associated Press
Trump says India will buy $3 billion of military equipment after ‘unforgettable’ tripPresident Donald Trump is calling his trip to India “unforgettable,” “extraordinary” and an expression of “love” as he delivers a joint statement with Indian Prime Minister Narendra Modi following their bilateral talks.
4:34 a.m. Feb. 18, 2020 - By Tomi Kilgore
GE's stock falls after WSJ report that Trump administration may block engine sales to ChinaShares of General Electric Co. dropped 1.8% in premarket trading Tuesday, after The Wall Street Journal reported over the weekend that the Trump Administration is considering a proposal to block GE's joint venture with France-based Safran S.A. from selling jet engines to China. GE's stock is on track for a third-straight decline--it has lost 2.5% over the past two sessions--since closing at a 19-month high of $13.16 on Feb. 12. Citing people familiar with the discussions, said the Trump administration may decline to issue a license that would allow the JV, CFM International, to export more LEAP 1C engines to China, which are being used to in the development of China's Comac C919 jetliner. The administration is concerned that the Chinese would reverse-engineer the engines, which would allow China to break into the jet-engine market, the WSJ report said, while GE is arguing that trying to mimic the advanced manufacturing techniques to produce the engine is a lot harder than some administration officials seem to believe. GE's stock has run up 12.2% over the past three months through Friday, while the Dow Jones Industrial Average has gained 4.9%.
2:39 p.m. Feb. 14, 2020 - By Katy Stech Ferek
Pentagon drops its opposition to new restrictions on U.S. dealings with China’s HuaweiThe Pentagon has dropped its opposition to efforts within the Trump administration to make it harder for U.S. chip makers and other companies to supply China’s Huawei Technologies Co. from their overseas facilities, according to people familiar with the situation.
9:25 a.m. Feb. 14, 2020 - Associated Press
Taliban ‘reduction of violence’ pact to take effect ‘very soon,’ says U.S. official Seven-day truce to be followed by wider Afghanistan peace talksSeven-day truce to be followed by wider all-Afghanistan peace talks.
8:57 a.m. Feb. 14, 2020 - By Zach Mottl
The ABCs of trade: If it can’t be made in America, it should be made anywhere but China Tariffs are depriving Beijing of money it needs to expand brutal regimeTariffs on Chinese products are successfully moving the needle on U.S. trade flows.
5:52 a.m. Feb. 5, 2020 - By Jeffry Bartash
U.S. trade deficit falls in 2019 for first time in six years as China tariffs reduce imports Tariffs on China cut imports, but large deficits aren’t going away The U.S. trade deficit fell slightly in 2019 to mark the first decline in six years, mostly reflecting tariffs on Chinese goods that reduced the flow of imports from the Asian giant. Don’t get used to falling deficits, though.
9:22 a.m. Feb. 1, 2020 - By Therese Poletti
Tesla is finally delivering on Musk’s promises, which are only getting bigger After hitting an annual deliveries forecast for the first time, Tesla is looking for global expansion and the start of Model Y productionTesla Inc. justified Wall Street’s current exuberance over its stock with better-than-expected earnings, continuing the positive trend it started in the third quarter with a surprise profit, as Chief Executive Elon Musk is actually delivering on his promises.
7:03 a.m. Feb. 1, 2020 - By Joy Wiltermuth
Dow tumbles 600 points as Trump declares public health emergency for coronavirus epidemicU.S. stocks tumbled Friday, with the Dow and S&P 500 index recording their biggest one day falls since August, as fears that Chinese coronavirus epidemic would slow economic growth rattled Wall Street.
11:43 a.m. Jan. 30, 2020 - By Myra P. Saefong
Jet fuel demand takes a hit as coronavirus leads to travel restrictionsOil prices are falling on expectations that the deadly coronavirus will lead to a slowdown in demand from China and beyond, but jet fuel consumption in the Asian nation already took a measurable hit on the back of travel restrictions aimed at curbing the infection rate.
7:51 a.m. Jan. 28, 2020 - By Tomi Kilgore
Airline stocks face 'substantial' risk from coronavirus but not lasting weakness, analyst saysAirline stocks were mostly higher Tuesday, bouncing from a sharp two-day selloff related to concerns over the out of China. The NYSE Arca Airline Index rose 0.9%, after tumbling 4.8% the previous two sessions to close Monday at an 8-week low, while the S&P 500 bounced 1.1% after falling 2.5% the past two days. Based on an analysis of the impact of other deadly pandemics, analyst Ken Herbert at Canaccord Genuity said that while the current coronavirus outbreak is still in the very early stages, the risk to worldwide air travel and the aerospace sector is "substantial," as the eventual impact could be worse than previous pandemics this millennium based on the inital outbreak. Herbert looked at the impact of the SARS outbreak in 2003, the avian flu pandemic in 2005 and the MERS outbreak in 2015. "[W]e believe that all things considered, traffic tends to recover relatively quickly after a pandemic outbreak," Herbert wrote in a note to clients. "Moreover, there does not seem to be a clear lasting impact on the stocks...as a result of these outbreaks." Shares of American Airlines Group Inc. rose 1.4%, United Airlines Holdings Inc. slipped 0.6%, Delta Air Lines Inc. edged up 0.7% and Boeing Co. fell 0.5%. Over the past two days, shares of American had tumbled 9.3%, United had shed 8.5%, Delta lost 5.7% and Boeing eased 0.4%.
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