Boeing plans to add a new 737 Max production line

Boeing plans to add a new 737 Max production line

An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX aircraft parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Lindsey Wasson| Reuters Boeing said it plans to add a fourth 737 Max production line in the second half of next year as it aims … Read more

US GDP rose 2.9% in the fourth quarter, more than expected, even as recession fears loom

US GDP rose 2.9% in the fourth quarter, more than expected, even as recession fears loom

The US economy ended 2022 in solid shape, even as questions remain whether growth will turn negative in the coming year. Fourth-quarter gross domestic product, the sum of all goods and services produced from October to December, rose 2.9% year-over-year, the U.S. Commerce Department reported Thursday. Economists polled by Dow Jones had expected a reading … Read more

Sunrun, US Bancorp, Alphabet, AT&T and more

Sunrun, US Bancorp, Alphabet, AT&T and more

Shoppers shop at AT&T at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Take a look at the companies that take the biggest steps in the afternoon: News Corp, Fox — News Corp rose 5.4%, while Fox News gained more than 2% after Rupert … Read more

Boeing is making a big loss

Boeing is making a big loss

New York CNN — Boeing reported a $650 million operating loss in the fourth quarter, surprising Wall Street analysts who had expected the aircraft giant to turn a profit. The company blames the unexpected loss on “abnormal production costs” as it both tried to meet the remaining backlog of 737 Max jets and ramped up … Read more

Stocks make the biggest moves premarket: Boeing, AT&T and more

Stocks make the biggest moves premarket: Boeing, AT&T and more

The exterior of a 787 Dreamliner at the Boeing plant in North Charleston, on Dec. 13, 2022. Logan Cyrus | AFP | Getty Images Check out the companies making headlines before the bell rings. Boeing – Shares of Boeing fell about 1.7% premarket after the aircraft maker posted earnings and earnings that beat expectations despite … Read more

Jim Cramer says an “obsession” with mega-cap tech names overshadows a bull market

Jim Cramer says an “obsession” with mega-cap tech names overshadows a bull market

CNBC’s Jim Cramer said Thursday that the carnage in tech stocks hides a bull market in other names. “We had a very traditional bull market based on the spike in the dollar and interest rates, both of which are great for stocks for a whole host of reasons,” he said, adding that “the ruthless defeat … Read more