Tag: Business
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Boeing shares plunge on slower-than-expected 737 production, weaker free cash flow outlook
SEATTLE, Oct 27 : Boeing CEO Kelly Ortberg said on Tuesday that the company will miss its 737 production and jet delivery targets this year, dealing a setback to its recovery and sending shares tumbling nearly 10 per cent, their worst day in more than 18 months.The company also pushed back its free cash flow
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Trump says he will ban term artificial intelligence
WASHINGTON, Oct 27 : US President Donald Trump said he would ban the term artificial intelligence in documents and everything else, as he questioned why the Wall Street Journal was not using his preferred term, super intelligence.”When will The Wall Street Journal start calling Artificial Intelligence (AI), a
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AI stocks have rattled U.S. and emerging markets. Japan and Europe could help investors diversify
Turbulence in the tech sector underscores the importance of a more diversified portfolio.
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Dollar edges higher as focus turns to central bank meetings
NEW YORK/LONDON Oct 27 : The dollar firmed against major currencies including the euro, yen and sterling on Tuesday amid market positioning ahead of a series of central bank meetings for fresh clues on the economic outlook and the path of interest rates.The Federal Reserve is set to announce its latest policy
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Stocks rise as oil slips with tech earnings, Fed ahead
Oct 27 : World stocks rose while oil prices slipped on Tuesday on hopes for Middle East talks and as investors awaited earnings from US technology giants and central bank meetings that could shape the near-term outlook for interest rates.Oil trading was choppy as attention turned to the prospect of peace talk
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Boeing share price plummets with slower 737 production and free cash flow growth outlook
SEATTLE, Oct 27 : Boeing CEO Kelly Ortberg said on Tuesday that the company will not reach its 737 production rate target of 47 jets a month until early 2027, a serious setback to the company’s ongoing recovery. As a result, the company will not hit its delivery target of 500 jets this year. The…
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Honda warns 50% Canada auto tariffs would be catastrophic for auto industry
President Donald Trump has threatened to double tariffs on Canadian vehicles and parts from 25% to 50% if a trade deal is not reached between the two countries.
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American Airlines hikes annual fees on rewards cards for first time since 2018
American Airlines joined other airlines and banks in raising their airline credit card fee for one of their major cards.
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