Stocks making the biggest moves premarket: Boeing, News Corp, AT&T, Microsoft and more
Boeing โ Boeing's stock dropped about 1.7% premarket after the aircraft maker posted earnings and revenue that missed expectations, despite a demand recovery. Microsoft โ Microsoft shares declined by nearly 3% after the software giant shared a dismal revenue forecast for the current quarter. The tech bellwether topped earnings expectations but said new business growth slowed in December, including within its Azure segment. Sunrun , SunPower โ The solar companies both fell more than 3% after being downgraded by Barclays due to a potential slowdown in solar demand. Intuitive Surgical โ The maker of robotic surgical systems suffered a 9% drop after the company reported fourth-quarter earning and revenue that fell just short of expectations.
cnbc.comBoeing's last-ever 747 just rolled off the assembly line, marking the end of an era. Here's the history of how the revolutionary plane changed the world.
The iconic Queen of the Skies' game-changing operating costs made international travel accessible for more than just the rich and famous.
news.yahoo.comPlanemakers like Airbus and Embraer are envisioning a future where the airliner looks radically different โ take a look at futuristic the concepts
Airlines like United and Delta have invested millions into futuristic aircraft as the industry battles rising fuel prices and sustainability concerns
news.yahoo.comUnmanned, solar-powered US space plane back after 908 days
An unmanned U.S. military space plane landed early Saturday after spending a record 908 days in orbit for its sixth mission and conducting science experiments. The solar-powered vehicle, which looks like a miniature space shuttle, landed at NASAโs Kennedy Space Center. โSince the X-37Bโs first launch in 2010, it has shattered records and provided our nation with an unrivaled capability to rapidly test and integrate new space technologies,โ said Jim Chilton, a senior vice president for Boeing, its developer.
news.yahoo.comBoeing to pay $200 million to settle SEC charges on misleading investors after deadly 737 Max crashes
Boeing will pay $200 million and its former CEO will pay $1 million to settle charges over misleading investors in the wake of two deadly crashes of 737 Max jetliners, the Securities and Exchange Commission said. "There are no words to describe the tragic loss of life brought about by these two airplane crashes," said SEC Chair Gary Gensler in a statement. The two crashes โ one in October 2018 and another in March 2019 โ killed all 346 people aboard the two flights and led to a worldwide grounding of the jetliners, which was first lifted in late 2020.
cnbc.comBoeing to resell some Max jets ordered by Chinese airlines
Boeing officials said Thursday they will find new buyers for some Boeing 737 Max jets that were built for Chinese airlines but can't be delivered because China's aviation regulator has not cleared the plane to fly after two deadly crashes. Boeing hopes the move will reduce its inventory of undelivered Max jets, which built up while the planes were grounded around the world. Arlington, Virginia-based Boeing had 290 undelivered 737s in inventory as of June 30, with about half of them earmarked for China, company officials said.
news.yahoo.comBiden calls out โMAGA Republicansโ for claiming support for law enforcement without condemning Jan. 6 insurrection
At a rally in Wilkes-Barre, Pa., President Biden criticized โMAGA Republicansโ for expressing support for law enforcement while holding back condemnation of the Jan. 6 insurrection. โWhose side are you on?โ Biden asked.
news.yahoo.comBiden nixes Trump design for Air Force One over cost, delay
President Joe Bidenโs administration has scrapped former President Donald Trumpโs red, white and blue design for the new generation of presidential aircraft after an Air Force review suggested it would raise costs and delay the delivery of the new jets.
Travel stocks slump, with airlines, cruises, hotels tumble
Air travel in the United States hit another pandemic-era record over the weekend as vacationers jammed airports, but shares of airlines, cruise lines, hotels and almost anything else related to travel are tumbling on growing concerns about highly contagious variants of coronavirus.
US factory activity expands at fastest pace since 1983
(AP Photo/Elaine Thompson, file)WASHINGTON โ U.S. manufacturers expanded in March at the fastest pace in 37 years, a sign of strengthening demand as the pandemic wanes and government emergency aid flows through the economy. The Institute for Supply Management, a trade group of purchasing managers, said that its measure of factory activity jumped to 64.7 last month, from 60.8 the previous month. International shipping has been snarled by delays at ports that often have fewer workers to prevent viral spread. Instead, they have spent more on factory goods, such as new cars, furniture for expanded home offices, and workout bikes. AdFactories have steadily re-hired workers since last spring, but have still only recouped about two-thirds of the jobs lost to the pandemic.
Orders for manufactured goods tumbled 1.1% last month
The Commerce Department reported Wednesday, March 24, 2021, that orders for durable goods declined last month for the first time after nine consecutive monthly gains including a sizable 3.5% rise in January. (AP Photo/Steven Senne)WASHINGTON โ Orders to U.S. factories for big-ticket manufactured goods slumped 1.1% in February with demand in a key sector that tracks business investment also dropping. Orders had been rising for nine consecutive months, including a sizable 3.5% jump in January, according to the Commerce Department. The category that covers business investment dropped 0.8% in February following solid gains of 0.6% in January and 1.5% in December. AdThe report Wednesday showed that excluding transportation, orders would still have fallen by 0.9% in February.
Families of Boeing crash victims renew push for FAA changes
FAA Administrator Stephen Dickson has personally vouched for the plane's safety. A military and airline pilot before heading FAA, Dickson flew a Max in September. Boeing says Max jets have made 9,000 flights for 14 airlines without incident since returning to service late last year. Joe Jacobsen told the family that FAA delegated the review of most aspects of the flight system to a small number of Boeing engineers. The company admitted that two former test pilots hid information about changes to MCAS from the FAA.
Boeing CEO waived pay but got compensation worth $21 million
Boeing CEO David Calhoun declined a salary and performance bonus for most of 2020 but still received stock benefits that pushed the estimated value of his compensation to more than $21 million, according to a regulatory filing Friday, March 5, 2021. Calhoun, who became CEO in January 2020, received $269,231 in salary for the period before he disavowed his salary in March. AdThe company said Calhoun gave up about $3.6 million by declining most of his salary and a $2.5 million bonus. But most of Calhoun's compensation โ valued by Boeing at more than $20 million โ came in the form of stock benefits that will vest in the next few years, assuming he remains CEO. Calhoun, 63, was a longtime Boeing board member before being named CEO after the firing of Dennis Muilenburg in December 2019.