Indonesia Lion Air crash families’ heartache over accountability continues, with Boeing settling and paying the US$200 million fine imposed by the US Securities and Exchange Commission.
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China''s first domestically produced aircraft, the C919, which earned its government-issued fit-to-fly certificate on Friday, is anticipated to comp
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Federal officials say Boeing has completed little of the work necessary to certify new versions of its 737 Max jetliner by a year-end deadline, and the aircraft maker is lobbying Congress for more time. If the Federal Aviation Administration does not certify the planes by year end, Boeing would be required under a 2020 law to add a new type of system to alert pilots when there is a potential safety problem with the flight. Boeing wants to avoid adding the crew-alerting system, which would further delay approval of the new Max 7 and Max 10 jets. The company argues that the system doesn''t exist on older 737s, and putting it on future Max jets would add complexity for pilots. An FAA official said in a letter to Boeing that as of mid-September, the FAA had accepted less than 10% of Boeing''s safety assessments on the new planes, another 70% of assessments were undergoing review or changes, and in some cases, the company had failed even to submit necessary documents. Many of these docume
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Boeing (BA) has been awarded an undefinitized contract action with a total not-to-exceed value of $188M.This contract modification for the F-15 Japan Super Interceptor Program provides…
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The Boeing Company (NYSE:BA) price on Friday, September 30, fall -0.74% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $124.40. A look at the stock’s price movement, the level at last check in today’s session was $125.33, moving within a range at $123.80 and $131.61. The beta … The Boeing Company (BA) Volatility Hits 4.96%: What Good Investors Need To Be Aware Of Read More »
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Federal officials say Boeing has completed little of the work necessary to certify new versions of its 737 Max jetliner by a year-end deadline, and the aircraft maker is…
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Federal officials say Boeing has completed little of the work necessary to certify new versions of its 737 Max jetliner by a year-end deadline, and the aircraft maker is lobbying Congress for more time. If the Federal Aviation Administration does not certify the planes by year end, Boeing would be required under a 2020 law […]
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At the close in the New York Stock Exchange, the Dow Jones fell 1.54%, the S&P 500 fell 2.11% and the NASDAQ Composite fell 2.84%. The leading gainers among the components of the Dow Jones index today were The Travelers Companies Inc, which gained 1.76 points (1.15%) to close at 154.68. Visa Inc Class A rose 0.88 points or 0.49% to close at 180.06. Merck & Company Inc shed 0.14 points or 0.16% to close at 86.64. The losers were Boeing Co shares, which lost 8.11 points or 6.08% to end the session at 125.33. Walgreens Boots Alliance Inc was up 4.97% or 1.65 points to close at 31.55 while Apple Inc was down 4.91% or 7.36 points to end at 142. .48. Among the S&P 500 index components gainers in today''s trading were Everest Re Group Ltd, which rose 3.07% to 267.41, STERIS plc, which gained 2.76% to close at 167.29, and also shares of W. R. Berkley Corp, which rose 2.73% to end the session at 65.18. The biggest losers were CarMax Inc, which shed 24.60% to close at 65.16. Shares of SolarEdge Technologies Inc lost 8.27% to end the session at 235.56.
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On September 29, 1990, the YF-22 demonstration aircraft took off for the first time. The YF-22 would become the F-22, a dominant air-superiority stealth fighter for nearly 30 years. Now the F-22''s future is in doubt, with Congress and the US Air Force at odds about its retirement. On September 29, 1990, a unique aircraft took off for the first time in Palmdale, California. During its 18-minute flight, it reached a speed of about 290 mph and a height of 12,500 feet before landing at Edwards Air Force Base. The aircraft was the YF-22, the test demonstrator for what would become the F-22 Raptor stealth fighter. It was the second model of the US Air Force''s Advanced Tactical Fighter program to take to the skies, with the test itself the culmination of a nearly 50-month demonstration and validation phase. Thirty-two years later, the F-22 has proven itself as an air-superiority fighter and inspired and informed the development of other fifth-generation fighter aircraft. Despite its accomplishments and reputation, Congress and the US Air Force are at odds over the future of one of the deadliest aircraft ever to take to the skies. ''First look, first shot, first kill'' A Soviet MiG-29 at an air show in Farnborough, England in September 1990.
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Automakers Mercedes Benz and Volvo Cars, U.S. planemaker Boeing Co, and the seaports that support manufacturers will suspend operations in South Carolina on Friday due to the potential impact of Hurricane Ian. Ian, currently downgraded to a tropical storm, is expected to be become a hurricane again later on Thursday before making U.S. landfall for […]
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Boeing has pulled back closer to its long-term bottom. Click to read why we are confident the buying opportunity is ripe for the BA stock.
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Boeing Co (NYSE: BA ) shares are trading lower by 6.86% … Full story available on Benzinga.com
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BEDFORD, NS / ACCESSWIRE / September 29, 2022 / (TSXV:SSE) - Silver Spruce Resources Inc. ("Silver Spruce" or the "Company"), with its partner Colibri Resources Corp. ("Colibri"), announces further promising intersections of gold, silver and base metals from near-surface to 75 metres depth in the first shallow R/C drilling program on the Diamante project ("Diamante" or the "Property") which has had no prior drilling history. Ten (10) holes were drilled in the 2,006-metre ("m") program at the La Prieta (10) Au-Ag-Pb-Zn-Cu targets (Figures 1, 2 and 3, Tables 1 and 2). The highest-grade samples returned from La Prieta drilling include 12.75% Zn, 5.6 % Pb, 239 g/t Ag, and 5.62 g/t Au. All holes intersected mineralization with intersection lengths ranging from 1.5 m to 13.5 and with variable metal abundances and ratios. Highlights of the results include: 2.48 grams per tonne ("g/t") Au + 56.7 g/t Ag over an intersection length of 9.0 m 1.76% Zn + 38.5 g/t Ag + 0.56 g/t Au over an intersection length of 13.5 m 1.61% Zn + 38.5 g/t Ag + 0.63 g/t Au over an intersection length of 10.5 m "We are pleased to report on the latest assay data from our maiden exploration drilling program on two highly prospective areas of Diamante.
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The deal with Taiwan-based China Airlines includes a firm order for 16 of the longest range 787-9 with options for eight additional jets.
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(Reuters) – Taiwan’s China Airlines has finalized an order for 16 Boeing Co 787 Dreamliner jets, with an option for 8 more, the companies said on Wednesday, nearly a month after disclosing a provisional agreement.
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Wednesday''s top analyst upgrades and downgrades included Altice USA, Boeing, Dynavax, EnLink Midstream, FedEx, Hasbro, Meta Platforms, Micron Technology, Snap and TransDigm.
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It may not occur to investors to look for blue-chip sleeper stocks, since they don’t often think of blue-chips as “sleepers.” In tough times, seasoned investors seek comfort in the stability and safety that well-established robust companies can offer. Blue-chip businesses generate consistent earnings thanks to their vast resources, resilient business models, and strong brands. In addition, such businesses boast impressive track records of delivering strong returns over the long term, including consistent and growing dividend payments. In an environment where the benchmark S&P 500 index has lost a quarter of its value year to date, the market now offers a range of undervalued blue-chip stocks. Clearly, some of these businesses have been unfairly punished by the jittery market sentiment. Put another way, the recent decline in valuations of some of the leading blue-chip stocks represents a compelling buying opportunity for patient, long-term investors. These stocks are primed to provide robust capital returns when market sentiment reverses.
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Environmental and social shareholder actions are booming, forcing changes at companies like Boeing, Caterpillar, and Costco.
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The recovery of air transportation volumes after the negative consequences of the COVID-19 pandemic should increase the revenue of GE and Boeing. Read more here.
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SAN FRANCISCO, Sept. 27 (Xinhua) -- Boeing on Tuesday announced the delivery of the 100th contracted 737-800 Boeing Converted Freighter (BCF) to the world''s largest lessor AerCap. The 100th 737-800BCF was converted at China''s Boeing Shanghai Aviation Services Co. Ltd., (BSAS), home to the first 737-800BCF conversion line, the announcement said. BSAS has added a second conversion line for the 737-800BCF. I
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It’s a bear market, and virtually all stocks are trending downward. But some are holding up better than others, and the Dow Jones Industrial Index stocks are one of the stronger groups. Through Sept. 26, the Dow Jones was down 20% for the year. That’s not great, of course. But it’s well ahead of the S&P 500 which is down 24% and the Nasdaq , which has sunk 31% over the same period. The Dow skews much more than other indexes towards so-called “old economy” stocks that are in more staid industries. That’s not always a plus, but it has served the index well in 2022 as the Dow stocks have managed to avoid the same extent of selling that we’ve seen in more growth-focused indexes. Here are seven Dow stocks to buy that will enable investors to cash in on this change in market sentiment. JNJ Johnson & Johnson $165,67 GS Goldman Sachs $291.27 VZ Verizon $39 V Visa $178.36 DOW Dow Inc. $43.60 BA Boeing $127 MMM 3M $112 Johnson & Johnson (JNJ) Source: Alexander Tolstykh / Shutterstock.com Johnson & Johnson (NYSE: JNJ ) is the perfect example of the hidden bull market in many Dow stocks.
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At the close in the New York Stock Exchange, the Dow Jones fell 1.11% to hit a 52-week low, the S&P 500 fell 1.03%, and the NASDAQ Composite fell 0.60%. Walmart Inc was the top gainer among the components of the Dow Jones index today, up 1.25 points (0.96%) to close at 131.31. Apple Inc rose 0.34 points (0.23%) to close at 150.77. Procter & Gamble Company rose 0.13 points or 0.10% to close at 135.71. The biggest losers were The Travelers Companies Inc, which shed 4.88 points or 3.14% to end the session at 150.60. Boeing Co was up 2.99% or 3.92 points to close at 127.34, while Chevron Corp was down 2.63% or 3.81 points to close at 140.96. . Leading gainers among the components of the S&P 500 in today''s trading were Wynn Resorts Limited, which rose 11.99% to 66.80, Las Vegas Sands Corp, which gained 11.81% to close at 39.66. as well as Costco Wholesale Corp, which rose 2.98% to end the session at 480.30. The losers were DISH Network Corporation, which shed 6.12% to close at 14.27. Shares of The AES Corporation shed 5.48% to end the session at 22.96.
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Although arguably most folks hate the political season due to the back-and-forth mudslinging that materializes, investors will want to pay close attention to the 2022 midterm elections. According to historical data, the midterms broadly kick off superior market performance. Per U.S. Bank’s wealth management arm, “When the analysts looked at data around midterm elections (elections held in between presidential elections), they found that the S&P 500 consistently outperformed in the year after midterms compared with non-midterm years. Just like presidential elections, which party controls Congress generally was not a factor in projecting overall equity market performance.” Also, on a historical note, U.C. Santa Barbara notes that rarely does the sitting president’s party gain seats in both houses of Congress. Therefore, the narrative suggests that Republicans may have a big day for the upcoming 2022 midterm elections. In addition, stocks widely may swing higher. If this circumstance pans out – and please be aware no guarantee exists – then specific stocks just might outperform others.
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Crews worked to lift a crashed Boeing plane out of a lake after the aircraft overshot the runway at Montpellier airport.The nose of the cargo plane, and at least one engine, were submerged in the water after the mishap during landing in the early hours of Saturday morning (24 September).Local officials said while the airport was forced to close, the three crew members on board were not injured.Footage released by authorities shows crews at the scene preparing to lift the aircraft out of the lake.Click here to sign up for our newsletters.
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Rising operating costs in the aviation eco- system is forcing carriers to adopt medium range/fuel efficient airplanes. The move, experts told The Nation, is part of the strategies by operators to survive increasing costs of aviation fuel, aircraft maintenance and spares and agitation by aeronautical agencies to jack up airport, air navigation, ground handling and other charges. Among the fuel-efficient airplanes attracting the attention of local carriers include Propeller ATR, Dash 8 Q400, Bombardier CRJ and Embraer regional jets. Investigations by T he Nation show that even start-up carriers, including Value Jets Airlines, which secured an Air Operating Certificate (AOC), from the Nigerian Civil Aviation (NCAA), a few days ago parades three Bombardier jets positioned at the tarmac of the Lagos Domestic terminal primed for scheduled flights. Operators that have devised the new strategy include Green Africa Airways, AeroContractors Airlines, which acquired DASH8 Q400 from a chartered company and Overland Airways, which is pushing for a heterogeneous fleet of propeller ATR and Embraer jets it is expecting.
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Boeing and its former CEO Dennis Muilenburg agreed to pay hefty fines to settle charges from the Securities and Exchange Commission that they misled the public about the safety of the 737 Max following two fatal crashes in 2018 and 2019. The SEC alleges that, following an October 2018 crash of a Lion Air 737 […] The post Boeing Agrees To Pay $200 Million Over 737 Max Safety ‘Lie’ appeared first on Uzalendo News .
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Our subscribers to the print edition are entitled to get a bonus in a form of early access to our digital edition.Use the bank detail below or call our office at +251-011-416-3020 to subscribe – only 657.00 Br for 52 editions – and enjoy access to www.addisfortune.news beginning on SUNDAYS as early as 6:00am!
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Boeing announced that it had reached a $200 million settlement with the Securities and Exchange Commission (SEC) after allegations that it deceived its own investors and the public about the safety of its best-selling 737 MAX jetliner. The Boeing 737 MAX killed 346 people in two separate fatal crashes, forcing the Federal Aviation Administration (FAA) to ground the […]
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The Boeing Company (NYSE: BA) is flying into a turbulence of publicity nightmares. The Securities and Exchange Commission charged the
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has agreed to pay $200 million to settle charges from the Securities and Exchange Commission. The agency found that Boeing made “materially misleading public statements” related to involving its aircraft. The company’s former CEO Dennis Muilenburg will also pay $1 million to settle charges. The SEC alleged that Boeing and Muilenburg violated the antifraud provisions […] Boeing to pay $200 million to settle charges over ‘misleading’ crash statements | Engadget
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Stocks that traded heavily or had substantial price changes Friday: Boeing, Devon Energy fall; Guidewire, Dollar Tree rise
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NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Boeing Co., down $7.45 to $131.26. The airplane maker will pay $200 million to settle charges that it misled investors about the safety of its 737 Max after two crashes. Guidewire Software Inc., up $2.47 to $61.94. The provider of software to the insurance industry announced a $400M stock buyback plan. Yeti Holdings Inc., down $1.30 to $31.04. The maker of stylish and pricey coolers announced the resignation of its chief financial officer. Devon Energy Corp., down $5.43 to $57.69. Energy stocks slipped along with falling oil prices. Newmont Corp., down $1.25 to $41.25. The gold miner fell along with prices for the precious metal. Costco Wholesale Corp., down $20.77 to $466.40. The warehouse club chain warned that it’s still dealing with pressure from inflation. Southern Copper Corp., down $2.12 to $43.45. The copper miner fell along with prices for the base metal. Dollar Tree Inc., up $1.96 to $141.29.
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The Dow Jones Industrial Average is slumping Friday afternoon with shares of Chevron and Boeing facing the biggest setback for the price-weighted average….
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These are the stocks posting the largest moves in midday trading.
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Futures Crash, Stocks At 2022 Lows; Yields, Dollar Explode As UK Stimulus Plan Sparks Global Market Panic One week after stocks suffered their biggest drop since June, futures are in freefall on Friday with the dollar soaring to the now default daily record high… ... 10Y yields exploding higher, surging more than 10bps so far today... ... in what appears to be the latest bond market flash smash which has pushed 10Y yields to the highest level since 2010... ... and S&P futures plunging over 1.4%, and the S&P set to open at a fresh 2022 low... ... with futures set to drop nearly 5% (or more) for a 2nd consecutive week, and down 5 of the past 6 weeks! Besides the soaring dollar, two other drivers contributed to today''s widespread market panic: first, the shocking UK mini budget saw the country''s new administration slash tax rates by the most since 1970s at a time when the country is about to enter recession and is battling with runaway inflation which crashed UK bonds and sent the pound tumbling to a 37 year low as markets priced in a more aggressive pace of tightening to offset the government’s growth plan, second, traders also freaked out over a Goldman research report which slashed the bank''s S&P price-target to just 3,600 from 4,300, making the bank one of the biggest bears on Wall Street.
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Boeing Co will pay $200 million to settle civil charges from the U.S. Securities and Exchange Commission that it misled investors about its 737 MAX, which was grounded for 20 months after two fatal crashes killed 346 people, the agency said Thursday.
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Boeing and its former CEO failed to provide truthful disclosures to the markets about its 737 MAX aircraft, the US Securities and Exchange Commission says.
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CHICAGO — Mayor Lori Lightfoot fired back Wednesday at McDonald’s CEO Chris Kempczinski after he raised concerns about crime in Chicago, and she defended the city’s economic outlook. Lightfoot was asked about last week’s comments by Kempczinski to the Economic Club of Chicago where he referenced the recent departures of high-profile companies such as Caterpillar, Boeing and Citadel from the …
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Major players in the missile defense system market are BAE Systems, General Dynamics, Lockheed Martin, MBDA, Northrop Grumman, Raytheon Technologies, Rheinmetall, Boeing, Saab AB, Aerojet Rocketdyne, BrahMos Aerospace and Israel Aerospace Industries. Major players in the missile defense system market are BAE Systems, General Dynamics, Lockheed Martin, MBDA, Northrop Grumman, Raytheon Technologies, Rheinmetall, Boeing, Saab AB, Aerojet Rocketdyne, BrahMos Aerospace and Israel Aerospace Industries.
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Boeing (BA) has entered a collaboration with augmented reality developer Red 6 to develop leading-edge advanced fighter pilot training technology.Under the joint agreement, Boeing…
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Mumbai, September 21 Aviation safety regulator DGCA has extended the cap on SpiceJet flights by a little over one month as a matter of "abundant caution", according to an official order on Wednesday. The Directorate General of Civil Aviation (DGCA) had on July 27 ordered SpiceJet to operate a maximum of 50 per cent of its flights, which were approved in the summer schedule for a period of eight weeks owing to a series of incidents involving its flights. "…the review has indicated that there is an appreciable reduction in the number of safety incidents. However, as a matter of abundant caution, the competent authority has decided that the restrictions as imposed in the order dated July 27.07.20222 that continue to be in force till the end of the summer schedule (which ends October 29, 2022)," the DGCA said in its order. Any increase in the number of departure beyond 50 per cent of the total number of departures approved under the summer schedule of 2022 during this period will be subject to the airline "demonstrating to the satisfaction of DGCA that it has sufficient technical support and financial resources to safely and efficiently undertake such enhanced capacity", the order stated.
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Boeing had been remarketing 737 MAX aircraft that had been intended for China. Check out why I think Boeing is doing the right thing for its business and stock.
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Major players in the aircraft electrification market are The Boeing Company, Airbus SE, Safran Group, Honeywell International Inc. , Raytheon Technologies Corporation, General Electric Company, Thales Group, Moog Inc. Major players in the aircraft electrification market are The Boeing Company, Airbus SE, Safran Group, Honeywell International Inc. , Raytheon Technologies Corporation, General Electric Company, Thales Group, Moog Inc.
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At the close of the New York Stock Exchange, the Dow Jones fell 1.01% to a one-month low, the S&P 500 index fell 1.13%, and the NASDAQ Composite fell 0.95%. The leading performer among the components of the Dow Jones index today was Apple Inc, which gained 2.42 points (1.57%) to close at 156.90. Quotes Boeing Co rose by 1.06 points (0.73%), ending trading at 145.94. 3M Company lost 0.12 points or 0.10% to close at 116.52. The biggest losers were Nike Inc, which shed 4.79 points or 4.47% to end the session at 102.42. Caterpillar Inc was up 2.26% or 4.12 points to close at 177.99, while Home Depot Inc was down 2.23% or 6.25 points to close at 274. 17. Leading gainers among the components of the S&P 500 in today''s trading were Wynn Resorts Limited, which rose 2.90% to hit 67.80, Valero Energy Corporation, which gained 2.63% to close at 107.42, and also shares of Expedia Inc, which rose 2.09% to end the session at 104.63. The fallers were shares of Ford Motor Company, which fell 12.32% to close at 13.09.
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McDonald''s CEO Warns That More Companies Will Leave Crime Ridden Chicago McDonald''s CEO Chris Kempczinski says exploding crime has made his employees feel unsafe to go to work and has made it impossible to hire new talent for the company''s Chicago offices. The Illinois city has seen over 494 homicides so far in 2022, which is at least 100 more deaths that it saw in the first 8 months of 2019. Burglary is up at least 36% and theft overall is up 70% from a year ago. Chicago Mayor Lori Lightfoot is likely a large part of the problem. A notorious proponent of social justice ideology, Lightfoot vowed to crack down on anti-covid lockdown protesters but refused to do the same with BLM looting and rioting. Under her leadership Chicago has spiraled out of control. Lightfoot recently lauded a minor drop in homicides this year while ignoring the fact that deaths skyrocketed in 2020 and 2021, making the recent small decline far less meaningful. Lightfoot called for defunding Chicago police by $80 million in 2020, only to then beg for federal law enforcement assistance in 2021.
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U.S. stocks have continued to slip as Wall Street prepares for another rate hike from the Federal Reserve. After wobbling between small gains and losses throughout the trading session, the S&P 500 closed higher 0.7% on Monday. The benchmark stock index was coming off one of its worst weeks of the year, when it fell nearly 5%. The reality is it has been a volatile summer of trading. The stock market rally proved short-lived as investors lost hope that the economy would look better in the coming months. One driver for the grim mood was last week’s Consumer Price Index ( CPI ), which showed inflation was higher than expected. Consumer prices rose 8.3% year-over-year in August, down from 8.5% over in July but above the 8.1% economists expected. We talked more about this and the effect this will have on the Fed in last Tuesday’s Market 360 issue . It’s important that you begin adjusting your portfolio to make sure that you’re invested in fundamentally superior companies – companies with strong sales and earnings growth and positive outlooks – as these will be the go-to names for investors once third-quarter earnings season gets underway.
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Boeing made news as it plays hardball with Chinese regulators to get the 737 Max back in service, thus bolstering BA stock.
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NEW YORK , Sept. 20, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BA, TSLA, XOM, WIX, and MCD. … Full story available on Benzinga.com
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The Chinese president made the pledge during a government forum in Hangzhou on Monday, attended by delegates from Qualcomm and Boeing.
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