Boeing Makes Self-Driving Air Taxi Acquisition:
barrons.com/articles/boeing-air-taxi-acquisition-5ac7c6ef
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| Last Updated | May 31 23 |
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Southwest closing operations at 4 airports: Southwest is closing operations at four airports because of delivery delays for Boeing airliners ...
thehill.com/policy/transportation/4620933-southwest-closing-operations-four-airports/
Quick Glance: Southwest and American Airlines Face Financial Challenges
- Southwest Airlines, the largest carrier at San Antonio International Airport, will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing.
- Southwest will also trim flights in Atlanta and at O’Hare International Airport to focus on more profitable locations, expecting to receive only 20 new 737 Max 8 jets from Boeing this year, down from the anticipated 46.
- CEO Robert Jordan stated Southwest was reacting quickly to address financial underperformance by slowing down hiring and asking employees to take time off.
- American Airlines, San Antonio’s second-largest carrier, reported a loss of $312 million as labor costs rose by 18%. The airline expects to return to profitability in the second quarter with earnings between $1.15 and $1.45 per share.
Stock Market Today: Dow, S&P Live Updates for April 24: A $250 billion exchange-traded fund tracking the Nasdaq 100 got hit in late hours after Meta Platforms ...
bloomberg.com/news/articles/2024-04-23/stock-market-today-dow-s-p-live-updates
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Airbus Lifts A350 Jet Output, Highlighting Edge Over Boeing: Airbus SE will further increase production of its advanced A350 widebody jet as the planemaker ...
bloomberg.com/news/articles/2024-04-25/airbus-lifts-output-for-a350-highlighting-edge-over-rival-being
American and Southwest airlines both say they lost money in Q1: American and Southwest airlines both say they lost money in the first quarter ...
apnews.com/article/airline-losses-southwest-american-317aafcf9ed80488fe4dacecb0abffab
S&P slashes Boeing credit outlook as rating hovers above junk status: Boeing's credit rating was under pressure for the second time this week as S&P brought them ...
reuters.com/business/aerospace-defense/sp-revises-outlook-boeing-negative-2024-04-25/
Stock market today: Dow drops 375 points after weak GDP data: Stocks dropped and bond yields rose as investors digested a tough reality of slowing GDP growth and ...
markets.businessinsider.com/news/stocks/stock-market-today-gdp-1q24-inflation-economy-tech-stocks-microsoft-2024-4
GDP growth slowed to a 1.6% rate in the first quarter, well below expectations: Real GDP was expected to increase 2.4% in the first quarter on a seasonally ...
cnbc.com/2024/04/25/gdp-q1-2024-increased-at-a-1point6percent-rate.html
Quick Glance: Disappointing Q1 Economic Growth and Implications
- The U.S. GDP grew at a rate of 1.6% in the first quarter, falling below expectations due to slower inventory replenishment and weak export growth.
- Despite the disappointing growth last quarter, this could potentially alter the views of Fed officials who were not keen on cutting rates following an upsurge in consumer prices.
- Some analysts believe that the weaker-than-expected report indicates the beginning of a broader economic slowdown.
- The report also highlights the performance of other sectors of the economy, such as the surge in housing construction, business investment growth, slower government spending, and the impact of trade on economic growth.
Astronauts arrive to KSC as 1st crew for Boeing’s Starliner spacecraft: Veteran NASA astronauts Butch Wilmore and Suni Williams arrived to Kennedy Space Center ...
orlandosentinel.com/2024/04/25/astronauts-arrive-to-ksc-as-1st-crew-for-boeings-starliner-spacecraft/
US to decide by late May if Boeing violated prosecution deal, sources say: U.S. Department of Justice officials are planning to decide as soon as late May ...
reut.rs/3wboLCz
Buttigieg says Boeing must meet FAA quality plan before raising 737 MAX output: U.S. Transportation Secretary Pete Buttigieg said on Wednesday that Boeing must ...
reuters.com/business/aerospace-defense/buttigieg-says-boeing-must-meet-faa-quality-plan-before-raising-737-max-output-2024-04-24/
Stock Market Today: Dow, S&P Live Updates for April 25: Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook raised concern on whether ...
bloomberg.com/news/articles/2024-04-24/stock-market-today-dow-s-p-live-updates
Paid articlePaidQuick Glance: Current Stock Market Trends: Dow, S&P Updates for April 24
- Major tech giants experienced a downturn in late hours following disappointing forecasts from Meta Platforms Inc., raising concerns about the stock market's trajectory.
- Before the results, the broader market struggled to gain momentum as traders prepared for economic data that will influence views on the Federal Reserve's next moves.
- Investors withdrew around $200 million from value-based ETFs this month, while growth stocks attracted over $3 billion in inflows.
- JPMorgan Chase & Co. is signaling a clear buy indication for US stocks after reaching a threshold that typically precedes above-average gains.
Caterpillar Crushes EPS Views, But Sales Are Light: Caterpillar earnings muscled past estimates, but sales dipped from a year ago. Profit margins expanded but ...
investors.com/news/caterpillar-earnings-q1-dow-jones-cat-stock/
Boeing’s (BA) Credit Rating Slashed by Moody’s to to Baa3, One Step From Junk: Moody’s Ratings downgraded Boeing Co.’s credit score to one notch from junk as ...
bloomberg.com/news/articles/2024-04-24/moody-s-slashes-boeing-s-credit-rating-to-one-step-from-junk
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Southwest Airlines Earnings Are Likely to Reveal Its True Exposure to Boeing: Southwest Airlines' earnings may be dominated by its reliance on Boeing and ...
barrons.com/articles/southwest-airlines-earnings-stock-price-4f6481b2
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The Dow drops 375 points on low economic growth, high inflation, and weak tech earnings
qz.com/dow-jones-stocks-gdp-inflation-tech-earnings-1851435533
Boeing’s Revival Roadmap Put to Test by Dwindling Time and Cash: Boeing Co.’s assurance that it can pull itself together in the next three months is giving rise ...
trib.al/BuwYdMY
Reuters World News: Trump's foreign courters, and other top stories: The US Senate approves a bill to ban TikTok unless it’s sold by its Chinese owner ByteDance.
reut.rs/3Qjjfo7
🔊 Beleaguered Boeing faces tough investor questions as it reports results. Listen to @davidshepardson with insights on the planemaker's turbulent first quarter
reut.rs/4d9SrAB
Reuters World News: Trump's foreign courters, and other top stories: The US Senate approves a bill to ban TikTok unless it’s sold by its Chinese owner ByteDance.
reut.rs/3Qjjfo7
Ryanair CEO Urges Leadership Continuity at Boeing During Crisis: Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said Boeing Co ...
bloomberg.com/news/articles/2024-04-24/ryanair-ceo-urges-leadership-continuity-at-boeing-during-crisis
Dow Plunges 700 Points—Worst Day In 14 Months As Disappointing GDP Report Accelerates Stagflation Fears
forbes.com/sites/dereksaul/2024/04/25/dow-plunges-700-points-worst-day-in-14-months-as-disappointing-gdp-report-accelerates-stagflation-fears/
Stock Market Today: Stocks Run Out of Steam Ahead of Meta Earnings: The Dow Jones Industrial Average snapped a four-day winning streak after Boeing's ...
kiplinger.com/investing/stocks/stock-market-today-stocks-run-out-of-steam-ahead-of-meta-earnings
Boeing’s $3.9 billion cash burn adds urgency to revival plan: Boeing ended the reporting period with $7.5 billion in cash and short-term securities ...
bloomberg.com/news/articles/2024-04-24/boeing-s-3-9-billion-cash-burn-adds-urgency-to-quality-reboot
Opinion | The Boeing Just-So Story: Aviation romantics aren’t helping a troubled company get back on track.
wsj.com/articles/the-boeing-just-so-story-flight-travel-2b239a61
While Boeing Takes A Beating, This Aerospace Stock Takes Flight: While Boeing continues to flounder, fellow aerospace peer Heico has just launched a breakout ...
investors.com/research/breakout-stocks-technical-analysis/heico-stock-boeing-stock/
Tesla, Texas Instruments, Enphase Energy, Boeing, Meta Platforms, and More Stock Market Movers
on.barrons.com/3UbGfGQ
It’s One of the Last Pristine Coral Reefs on Earth. Should We Be Visiting It?: The Raja Ampat archipelago of Indonesia looms large in the imaginations of ...
wsj.com/lifestyle/travel/raja-ampat-indonesia-one-of-the-last-pristine-coral-reefs-on-earth-should-we-be-visiting-it-525c841a
Catholic graduate school and media group buys Boeing retreat near Florissant: The Augustine Institute will work with the Archdiocese of St. Louis on educational ...
stltoday.com/news/local/education/catholic-graduate-school-and-media-group-buys-boeing-retreat-near-florissant/article_f99285ba-0272-11ef-bcde-9bf5b31e7bf5.html
Boeing to give $425 million advance payments to subcontractor Spirit: Boeing is giving subcontractor Spirit Aerosystems $425 million in advance payments so it ...
english.alarabiya.net/business/aviation-and-transport/2024/04/24/boeing-to-give-425-million-advance-payments-to-subcontractor-spirit
Boeing's defense business turns a profit. St. Louis plant to make more F/A-18 fighter jets.
stltoday.com/news/local/business/boeings-defense-business-turns-a-profit-st-louis-plant-to-make-more-f-a-18/article_3d6e9e94-0251-11ef-ae2a-4732bae32d25.html
Anduril moves ahead in Pentagon program to develop unmanned fighter jets: Anduril Industries has taken another step forward in its quest to become the next great ...
techcrunch.com/2024/04/24/anduril-moves-ahead-in-pentagon-program-to-develop-unmanned-fighter-jets/
This landing attempt fails: Boeing hits the runway twice and has to take off again
stern.de/panorama/landeversuch-scheitert--boeing-knallt-zweimal-auf-landebahn--video--34657460.html
Airbus Earnings Are Almost Here. Boeing Investors Should Watch for 1 Key Thing.: Airbus is set to report earnings Thursday and investors will be looking to see ...
barrons.com/articles/airbus-earnings-stock-price-boeing-081525e9
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Boeing's crisis hurts everyone: The US aircraft manufacturer will take a long time to get back on its feet. Not good news for anyone who wants to fly sustainably ...
sueddeutsche.de/wirtschaft/boeing-737-max-krise-investitionen-1.6595219
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Lufthansa plane's touch-and-go landing caught on live stream: A live stream caught the moment a Lufthansa Boeing airplane performed a touch-and-go landing in Los ...
news.abs-cbn.com/world/2024/4/25/lufthansa-plane-s-touch-and-go-landing-caught-on-live-stream-826
Air Force passes on Boeing for drone contract: This has "no impact" on its ongoing, $1.8 billion expansion project in the region, the company said.
stltoday.com/news/local/business/air-force-passes-on-boeing-for-drone-contract/article_e46b1e56-027a-11ef-8109-33d6cae3ba12.html
Boeing aims to bring flying cars to Asia by 2030: TOKYO -- U.S. aircraft manufacturer Boeing plans to enter the flying car business in Asia by 2030 ...
asia.nikkei.com/Business/Transportation/Boeing-aims-to-bring-flying-cars-to-Asia-by-2030
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Sunita Williams part of first crewed flight of Boeing’s Starliner: Check details of her third mission at ISS | Mint
livemint.com/science/news/sunita-williams-nasa-part-of-first-crewed-flight-of-boeing-s-starliner-check-details-of-her-third-mission-at-iss-11713971971317.html
DAX continues to grow: SAP, Munich Re, Deutsche Börse, Evotec, Tesla, Adidas, Boeing and Meta in focus
deraktionaer.de/artikel/indizes/dax-legt-weiter-zu-sap-munich-re-deutsche-boerse-evotec-tesla-adidas-boeing-und-meta-im-fokus-20355990.html
The Sound Shore Fund Q1 2024 Letter To Shareholders: The Sound Shore Fund Investor Class (SSHFX) and Institutional Class (SSHVX) advanced 17.05% and 17.10% ...
seekingalpha.com/article/4685596-the-sound-shore-fund-q1-2024-letter-to-shareholders
Boeing (BA) Still Has Wall Street Boosters Amid Cascade of Setbacks: For a company that has been in crisis mode for as long as Boeing Co., the planemaker has ...
bloomberg.com/news/articles/2024-04-23/boeing-ba-still-has-wall-street-boosters-amid-cascade-of-setbacks
Paid articlePaid Bubble Tea IPO Drains Dregs of Optimism From Hong Kong: Hi, it’s Pei Li in Hong Kong, where a Chinese bubble tea maker just made its much-anticipated trading ...
bloomberg.com/news/newsletters/2024-04-23/bubble-tea-ipo-drains-dregs-of-optimism-from-hong-kong
Paid articlePaid Boeing’s Spirit AeroSystems talks hit snag over Airbus: Boeing's plan to buy back supplier Spirit AeroSystems has become mired in protracted discussions over ...
bloomberg.com/news/articles/2024-04-23/boeing-bid-for-spirit-aerosystems-hits-snag-over-airbus-assets
Paid articlePaid Alcoa Stock Rises. It Still Isn’t a Buy.
barrons.com/articles/alcoa-stock-buy-sell-0c6a80c9
Paid articlePaid Boeing (BA) Retaliated Against Two Engineers for Raising Concerns, Union Says: A union that represents Boeing Co. employees says the company retaliated against ...
bloomberg.com/news/articles/2024-04-23/boeing-ba-retaliated-against-workers-for-raising-concerns-union-says
Ford Stock Soared Today for 1 Big Reason and 3 Smaller Ones: Wall Street doesn’t get any credit for the move in Ford stock. There are no stock upgrades or ...
barrons.com/articles/ford-motor-stock-price-rising-today-3d19be5b
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The Dow jumps 250 points as Big Tech recovers but Tesla sinks: AI chipmaker Nvidia bounced back from last week’s steep decline and was among the top performers
qz.com/dow-jones-stocks-tesla-nvidia-microstrategy-coinbase-1851427256
Nucor, Cleveland-Cliffs Earnings Bloopers Weigh Down Steel Stocks
barrons.com/articles/steel-stocks-earnings-nucor-cleveland-cliffs-47cd1f9b
Paid articlePaid Stock Market Today: Dow, S&P Live Updates for April 23: Asian stocks rose after US shares rebounded from a $2 trillion selloff on optimism big tech leaders will ...
bloomberg.com/news/articles/2024-04-22/stock-market-today-dow-s-p-live-updates
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The Dow jumps 250 points as Big Tech recovers but Tesla sinks: AI chipmaker Nvidia bounced back from last week’s steep decline and was among the top performers
qz.com/dow-jones-stocks-tesla-nvidia-microstrategy-coinbase-1851427256
Quick Glance: Tesla: Prices Reduced in Germany - Musk's Strategies
- Tesla lowers prices in Germany to increase inventory and sales.
- Elon Musk addresses price complaints and emphasizes the need for flexible pricing.
- Buyers of Tesla vehicles during expensive phases may face depreciation.
- Tesla implements additional measures to boost sales, such as price cuts in the USA and adjustments in the Supercharger network.
Equity Investing Is About The Way Things Are, Not The Way Things Should Be: Rob Isbitts discusses navigating market risk with offense and defense ...
seekingalpha.com/article/4685119-equity-investing-is-about-the-way-things-are-not-the-way-things-should-be
Dow closes strongly, eyes are on Tesla's report; Meta will release theirs tomorrow
qz.com/dow-jumps-tesla-report-is-due-1851429981
Boeing to face questions on potential CEO candidates, Spirit talks
reuters.com/business/aerospace-defense/boeing-face-questions-potential-ceo-candidates-spirit-talks-2024-04-22/
Boeing rival Airbus just hired JetBlue's former CEO to run its North American business
qz.com/airbus-robin-hayes-jetblue-boeing-north-american-ceo-1851426790
Stock Market Today: Dow, S&P Live Updates for April 22: Asian stocks opened higher as focus shifted to a slew of company earnings and economic data this week for ...
bloomberg.com/news/articles/2024-04-21/asian-traders-brace-for-key-data-us-futures-rise-markets-wrap
Paid articlePaid European airlines’ hot summer belies sector clouds: This summer, European airlines may find that fewer planes mean more profit. Airbus and Boeing’s supply chain ...
reuters.com/breakingviews/european-airlines-hot-summer-belies-sector-clouds-2024-04-23/
S&P 500 Heads Toward Best Day In 2 Months As Earnings Season Heats Up: Stock indexes have officially shaken off last week’s selloff, but an upcoming batch of ...
forbes.com/sites/dereksaul/2024/04/23/sp-500-heads-toward-best-day-in-2-months-as-earnings-season-heats-up/
SCHD: If You've Won The Game, Take A Little Off The Top: SCHD is a great capital gains storage for positions that may be getting over-concentrated in your ...
seekingalpha.com/article/4685007-schd-if-youve-won-the-game-take-a-little-off-the-top
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Letters: Illinois Senate is foolish to advance medical debt legislation: What is the Illinois Senate thinking? Sure, much medical debt is not incurred willingly ...
chicagotribune.com/2024/04/21/letters-illinois-senate-is-foolish-to-advance-medical-debt-legislation/
Microsoft, Tesla, Boeing, and More Stocks to Watch This Week: Earnings season ramps up with General Motors, Tesla, Visa, AT&T, Boeing, Chipotle, Meta Platforms ...
on.barrons.com/3UgFlJo
As Boeing faces new scrutiny, families of Max crash victims still in limbo: Families who lost loved ones in two Boeing 737 Max have been quietly fighting a legal ...
oregonlive.com/business/2024/04/as-boeing-faces-new-scrutiny-families-of-max-crash-victims-still-in-limbo.html
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Indian students bag NASA awards for Human Exploration Rover Challenge: Washington, Apr 23 (PTI) Two Indian students' teams from the New Delhi area and ...
deccanherald.com/india/indian-students-bag-nasa-awards-for-human-exploration-rover-challenge-2989868
Museveni meets Boeing company officials, pledges cooperation: Ghata informed President Museveni that the company has a comprehensive aviation system package ...
monitor.co.ug/uganda/news/national/museveni-meets-boeing-company-officials-pledges-cooperation-4600210
Meta loses nearly $200 billion in value after Mark Zuckerberg AI announcement: CEO admitted it could take ‘several years’ for AI investment to come good
independent.co.uk/tech/meta-mark-zuckerberg-shares-ai-b2534723.html
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Microsoft beats quarterly revenue estimates: Microsoft beat Wall Street estimates for third-quarter revenue on Thursday, driven by gains from AI adoption across ...
reuters.com/technology/microsoft-beats-quarterly-revenue-estimates-2024-04-25/
The Chips Act has been surprisingly successful so far: More than halfway through its incentives spending, the US will have far greater scope to manage shocks
ft.com/content/26756186-99e5-448f-a451-f5e307b13723
Boeing now has a ‘negative’ outlook from both Moody’s and S&P Global: S&P sees greater uncertainty regarding Boeing's ability to achieve its estimates ...
qz.com/boeing-credit-ratings-outlook-negative-moodys-sp-1851435363
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
Who could buy TikTok?: The clock has begun ticking for TikTok to find a new owner.
cnn.com/2024/04/25/tech/who-could-buy-tiktok/
Quick Glance: Potential Buyers for TikTok Revealed
- The clock is ticking for TikTok to find a new owner. President Joe Biden signed a law that could ban TikTok in the US unless ByteDance sells the app. Possible buyers range from tech companies to retailers and investment bankers.
- Established tech giants like Meta or Google are unlikely buyers due to antitrust hurdles. Large companies with deep pockets face regulatory skepticism, although they could have the resources to purchase TikTok.
- Microsoft, which has shown interest in TikTok in the past, may have another opportunity after successfully navigating antitrust scrutiny with the Activision Blizzard deal. Oracle and former US government officials like Steven Mnuchin are also potential buyers.
- Mnuchin has announced assembling a team of investors to acquire TikTok. His offer, however, might exclude TikTok's algorithm, sparking controversial discussions. Other potential buyers like Kevin O'Leary are also considering acquiring TikTok, with O'Leary suggesting an initial bid between $20 and $30 billion.
Apple Drops to Fourth Place Smartphone Seller in China: International Data Corp. said Lunar New Year stimulated shopping sentiment, and in high-end devices ...
on.barrons.com/4aVzvUH
Cheers, Tech: The Bloomberg Open, Asia Edition: Good morning. Alphabet, Microsoft, Snap gain on results. Airbus lifts A350 jet output. And Venice finds a way to ...
bloomberg.com/news/newsletters/2024-04-25/cheers-tech-the-bloomberg-open-asia-edition
Paid articlePaid Bitcoin falls below $64,000 as Meta, Microsoft and Google continue to drop: Slow economic growth and weak earnings reports in the tech sector have led to a ...
qz.com/bitcoin-ether-meta-ibm-microsoft-google-alphabet-1851435315
Paid articlePaid Merck's stock rises on sales of its blockbuster cancer drug Keytruda: The pharma giant's patent of Keytruda is set to expire later this decade
qz.com/merck-keytruda-first-quarter-1851435067
Quick Glance: Merck boosts 2024 profit outlook due to Keytruda sales
- Merck & Co. raises annual profit and revenue forecasts based on double-digit growth for the blockbuster cancer drug Keytruda.
- Sales for 2024 are estimated to be between $63.1 billion and $64.3 billion, an increase from the previous forecast.
- Keytruda recorded $6.95 billion in sales in the first quarter, a 20% increase from the previous year.
- Merck also saw strong growth with its vaccine Gardasil, the drug Vaxneuvance, and a successful acquisition of Harpoon Therapeutics in the first quarter of 2024.
Caterpillar Stock Falls After Earnings. Here’s Why.: Caterpillar reports adjusted first-quarter earnings of $5.60 a share. Wall Street expected profit of $5.14.
on.barrons.com/3xOrwdA
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