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
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
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
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
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
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
