The National Transportation Safety Board (NTSB) recently issued a warning to Boeing regarding its status as a party to the probe into a 737 MAX mid-air blowout. The NTSB accused Boeing of violating rules by providing non-public information to the media and speculating about possible causes without substantiated evidence. This warning came after an executive’s
Wall Street
Following the U.S. public health agency’s decision to narrow its age recommendation for the use of respiratory syncytial virus (RSV) vaccines, GSK’s shares plummeted by as much as 7% on Thursday. The decision dealt a significant blow to the drugmaker’s hopes for its new blockbuster medicine, Arexvy. This move by the U.S. Centers for Disease
General Mills, Inc. recently released its fourth-quarter earnings, which were met with mixed reactions from investors. While the company exceeded Wall Street’s earnings per share expectations by a cent, it fell short on revenue targets. The food giant reported adjusted earnings per share of $1.01, slightly higher than the analyst consensus of $1.00. However, revenue
As Asian shares continue their volatile journey, recent losses have been met with some gains. However, the upcoming events such as the first U.S. presidential debate and the first round of voting in the French election are keeping investors on edge. The potential impact of political shifts in major economies is a cause for concern
Asian stocks witnessed a boost on Tuesday, aiming to recover from recent losses amidst looming concerns of a potential trade war between China and the West. Investors are on edge as Chinese and European leaders engage in discussions surrounding import tariffs on Chinese electric vehicles. While this has led to market stabilization in Chinese markets,
China has called on the European Union to scrap its preliminary tariffs on Chinese electric vehicles by July 4. The EU has imposed provisional duties of up to 38.1% on imported Chinese-made EVs while investigating alleged subsidies to Chinese EV manufacturers. Beijing is eager to avoid another tariff war, as seen with the U.S., but
The Australian government has recently announced plans to introduce legislation that would hold major supermarket chains accountable for complying with an industry code of conduct. This move comes in response to concerns that suppliers have been facing unfair pricing practices from these large retailers. Under the new legislation, supermarket chains with more than A$5 billion
In a surprising turn of events, U.S. prosecutors are pushing for criminal charges to be brought against Boeing after it was found that the planemaker violated a settlement related to two fatal crashes involving the 737 MAX jet. The recommendation comes as a shock to many, as Boeing had previously reached a settlement agreement in
Recent reports have surfaced indicating that Facebook’s parent company, Meta Platforms, is in talks with Apple to integrate its generative AI model into Apple’s newly announced AI system for iPhones. This potential partnership comes at a time when Apple is actively seeking to incorporate technology from various AI companies into its devices, expanding its reach
Deutsche Bank strategists recently issued a warning regarding the S&P 500, hinting at a possible pullback in the near future. This prediction comes after successfully anticipating a market rally pause in April, which saw a 4.6% decline in the index. The strategists pointed out three key indicators that suggest a halt in the market’s upward