Text size A Boeing 737 MAX airplane. Jason Redmond / AFP via Getty Images Boeing delivered 20 aircraft in the second quarter. While it is not unexpected, it is not good. The 737 MAX saga and the global coronavirus pandemic continue to plague the commercial aerospace giant. Boeing (ticker: BA) …
Read More »Dow posts a 557-point gain as Fed Bullard says unemployment could drop quickly “if we play our cards right”
US stocks ended markedly higher on Tuesday, and Dow industrials posted a third consecutive gain, fueled by a rally in energy and materials stocks, a day after technology stocks underwent a surprising reversal. . Comments made by members of the Federal Reserve implying increased support for the economy and pointing …
Read More »Dow raises 430 points when Brainard urges the Fed to switch to stimulus as the “thick fog of uncertainty” surrounds the coronavirus-hit economy
Benchmarks for US stocks boosted gains Tuesday afternoon after Federal Reserve Governor Lael Brainard painted a bleak outlook for the economy facing the COVID-19 pandemic, but said he advocated a policy that stimulates the business sector hit by the virus. Brainard said that Fed policy should do more to boost …
Read More »Electric car maker Fisker will be released soon. Its founder has high hopes.
Text size Fisker Inc., a new maker of electric vehicles, will announce a merger with a SPAC. The company may be new, but its founder and namesake Henrik Fisker designed the BMW Z8 and Aston Martin V8 Vantage. He has high hopes for electric vehicles and some innovative ideas. Simon …
Read More »Delta Air shares fall after larger-than-expected loss
Delta Air Lines Inc. DAL, -0.99% Shares fell nearly 1% in premarket trading on Tuesday after the airline reported second-quarter losses that were more extensive than expected. Delta’s net loss was $ 5.72 billion, or $ 9.01 per share, after net income of $ 1.44 billion, or $ 2.21 per …
Read More »