Boeing CEO admits 737 Max 9 ‘mistake’ after midair panel blowout

Boeing CEO admits 737 Max 9 ‘mistake’ after midair panel blowout

In this photo released by the National Transportation Safety Board, NTSB Investigator-in-Charge John Lovell examines the fuselage plug area of Alaska Airlines Flight 1282 on Sunday, Jan. 7, 2024, in Portland, Ore. National Transportation Safety Board via AP Boeing CEO Dave Calhoun on Tuesday said the company acknowledges “our mistake,” after a door plug on … Read more

Bitcoin slides after SEC social media account is compromised, sends false ETF approval post

Bitcoin slides after SEC social media account is compromised, sends false ETF approval post

Standard Chartered predicts that bitcoin could fall to $5,000 in 2023 as part of their research on potential market surprises next year. Nurphoto | Getty Images The price of bitcoin fell in late afternoon trading Tuesday following a false social media post from the X account of the Securities and Exchange Commission that stated the … Read more

American Airlines frequent flyer changes for 2024

American Airlines frequent flyer changes for 2024

An American Airlines Airbus 321 sits at the gate at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, on July 23, 2023. Daniel Slim | AFP | Getty Images First things first: American Airlines isn’t changing the requirements to earn elite status at the airline in the coming earning year. Those thresholds are typically … Read more

Microsoft investment in OpenAI risks potential EU merger probe

Microsoft investment in OpenAI risks potential EU merger probe

Jaap Arriens | Nurphoto | Getty Images Microsoft’s multibillion-dollar investment in artificial intelligence firm OpenAI could face a full-blown merger investigation in the European Union, EU officials said Tuesday. The European Commission, which is the executive arm of the EU, said that it was embarking on a competition investigation looking at the markets for virtual … Read more

Gabriel Attal becomes France’s youngest prime minister in modern history

Gabriel Attal becomes France’s youngest prime minister in modern history

PARIS, FRANCE – DECEMBER 20: French Education Minister Gabriel Attal during the weekly cabinet meeting at the presidential Elysee Palace on December 20 2023 in Paris, France. (Photo by Christian Liewig – Corbis/Getty Images) Christian Liewig – Corbis | Corbis News | Getty Images French President Emmanuel Macron on Tuesday named Gabriel Attal as the … Read more

Things you might not have known about Asia’s markets, according to HSBC

Things you might not have known about Asia’s markets, according to HSBC

Electronic screens display gongs at the Exchange Square Complex, which houses the Hong Kong Stock Exchange, in Hong Kong, China, on Tuesday, March 15, 2022. Paul Yeung | Bloomberg | Getty Images Asia’s markets are expected to continue powering ahead this year, despite a rocky 2023. Most investors may already know which were the the … Read more

Fed Governor Bowman adjusts rate stance, says hikes likely over but not ready to cut

Fed Governor Bowman adjusts rate stance, says hikes likely over but not ready to cut

Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association conference In San Diego, California, February 11 2019. Ann Saphir | Reuters Federal Reserve Governor Michelle Bowman, who had been one of the central bank’s staunchest advocates for tight monetary policy, said Monday she’s adjusted … Read more

CIO calls a new phase in the market, says a ‘healthy’ rotation has begun

CIO calls a new phase in the market, says a ‘healthy’ rotation has begun

Traders work on the floor of the New York Stock Exchange.  NYSE Stock markets have entered a new phase that will involve a broadening of last year’s bull market as big U.S. tech stocks come under pressure, according to the CIO of a Swiss private bank. Charles-Henry Monchau, chief investment officer at Bank Syz, told … Read more

Bitcoin climbs back to $45,000 as investors await ETF decision this week

Bitcoin climbs back to ,000 as investors await ETF decision this week

Bitcoin rose to start the week as investors awaited the potential approval of a U.S. bitcoin ETF this week. On Monday the cryptocurrency rose 1.5% to $44,854.11, according to Coin Metrics, as BlackRock, Grayscale and other potential bitcoin ETF issuers submitted final updates to the Securities and Exchange Commission, including key fee disclosures that bolstered … Read more

Boeing stock slide 8% in premarket trading after FAA grounds 737 Max 9s

Boeing stock slide 8% in premarket trading after FAA grounds 737 Max 9s

A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California. Justin Sullivan | Getty Images Shares of Boeing fell in premarket trade Monday, as markets digested the news that the Federal Aviation Administration had ordered a temporary grounding of dozens of Boeing 737 Max 9 aircraft. … Read more