By David Shepardson WASHINGTON (Reuters) – U.S. regulators will not immediately allow Boeing to increase 737 MAX production as it addresses ongoing safety issues, the agency’s administrator said on Thursday, after a three-hour meeting with company officials, including outgoing CEO Dave Calhoun. The Federal Aviation Administration’s enhanced oversight of Boeing will continue in coming months,…
By Aditya Soni (Reuters) – Microsoft investors will have one big question when the tech giant reports earnings on Tuesday: has growth in its Azure cloud-computing business picked up enough to justify the billions of dollars being spent on artificial intelligence infrastructure? Widely seen as the front-runner in the race to make money from AI,…
BNB turned a sluggish October for Bitcoin into a breakout month, driven by memecoin trading, rising fees and Aster’s ascent despite renewed scrutin…
By David Shepardson WASHINGTON (Reuters) -Boeing is in talks with the U.S. Defense Department over how the planemaker’s planned guilty plea could affect its extensive government contracts, a person briefed on the matter said. Late on Sunday, the Justice Department said in a court filing that Boeing had agreed to plead guilty to a criminal…
By Lisa Barrington (Reuters) -Flights to and from Beirut airport were cancelled or delayed on Monday as tensions escalated between Israel and armed political group Hezbollah after a strike in the Israeli-occupied Golan Heights killed 12 children and teenagers. Air France said on Monday that due to the security situation at the destination, it will…
(Reuters) – A Tesla shareholder filed a lawsuit on Thursday accusing CEO Elon Musk of insider trading when he sold over $7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public. Shareholder Michael Perry, in the…
By Joe Brock and Allison Lampert SEATTLE (Reuters) – Boeing’s U.S. West Coast factory workers stood in long lines on Thursday to vote on a much-criticized new contract, some loudly calling for a strike, piling pressure on the planemaker as it wrestles with chronic production delays and mounting debt. A potential strike could start on…
By Lindsay Dunsmuir (Reuters) -The U.S. economy created far more jobs than expected in May and annual wage growth reaccelerated, underscoring the resilience of the labor market and reducing the likelihood the Federal Reserve will be able to start rate cuts in September. The Labor Department’s closely watched employment report on Friday also showed the…
(Reuters) -Brokerages have raised their year-end targets for the U.S. stocks benchmark S&P 500, spurred by expectations of a “soft landing” for the economy and growing odds the Federal Reserve will cut interest rates this year. Following are forecasts from some major banks on economic growth, inflation, and how they expect certain asset classes to…
(Reuters) – Chicago Federal Reserve President Austan Goolsbee on Friday said he believes U.S. monetary policy is “relatively restrictive,” meaning that borrowing costs are putting downward pressure on inflation. Increased supply, including on the labor side, makes it difficult to interpret if strong job gains and economic growth indicate any worrisome overheating, he said at…
