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Honeywell says partnering with Indian govt to ramp up oxygen production
  + stars: | 2021-06-14 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse/File photoHoneywell International Inc (HON.O) said on Monday it was partnering with the Indian government to ramp up oxygen production in the country. Honeywell, which makes aircraft parts for planes manufactured by Boeing Co (BA.N) and Canada's Bombardier Inc (BBDb.TO), said its researchers will collaborate with Indian scientists to test and validate suitability of adsorbents for oxygen production in India. Indian hospitals ran out of beds and life-saving oxygen during a devastating second wave of coronavirus in April and May and some people died in parking lots outside hospitals and at their homes. The South Asian country's total COVID-19 case load now stands at 29.51 million, while total fatalities are at 374,305. read moreOur Standards: The Thomson Reuters Trust Principles.
Persons: Denis Balibouse Organizations: Honeywell, European Business Aviation Convention, REUTERS, Inc, Boeing Co, Canada's Bombardier Inc, Thomson Locations: Geneva, Switzerland, India
Boeing Offloads Unclaimed MAX Jets as Air Travel Recovers
  + stars: | 2021-06-11 | by ( Andrew Tangel | Alison Sider | ) www.wsj.com + 0.99   time to read: +1 min
A faster-than-expected recovery in domestic air travel is helping Boeing Co. find new homes for unclaimed 737 MAX jets whose buyers walked away or collapsed during the pandemic. The Covid-19 vaccine-fueled travel rebound in the U.S. and some other parts of the world has left the Chicago-based plane maker with around 10 stored MAX aircraft needing buyers, people familiar with the matter said. While many business travelers have yet to return and lucrative international routes are still on pause, domestic air travel has been on an upswing in recent months, U.S. airline executives say. Flights in the U.S. are 84% full, on average, amid a surge of summer travel. Carriers have responded by adding flights, making plans to bring back idled crew and hiring new pilots and flight attendants.
Organizations: Boeing Co, Chicago -, Carriers Locations: U.S, Chicago
WASHINGTON (Reuters) -U.S. Trade Representative Katherine Tai said on Thursday she will accompany President Joe Biden to Brussels next week for “intense negotiations” to try to resolve trade disputes over aircraft subsidies and steel and aluminum. FILE PHOTO: Katherine Tai, nominee for US Trade Representative speaks at the Senate Finance Committee hearing at the US Capitol in Washington, DC, U.S. February 25, 2021. “We’ll participate in intense negotiations to resolve the 16-year-old Boeing/Airbus disputes and to find a path forward on products like steel and aluminum,” Tai said, repeating her upbeat assessment of the talks thus far. “From my conversations so far, I am optimistic that we will be successful,” Tai told the event. Discussions about steel and aluminum tariffs are still in the early stages and will take longer to resolve, the source said.
Persons: Katherine Tai, Joe Biden, , Tasos, REUTERS Tai, “ We’ll, Tai, ” Tai, Biden, Organizations: WASHINGTON, . Trade, US Trade, Senate, REUTERS, AFL, Boeing, Airbus, EU, United Steelworkers, Reuters, Boeing Co Locations: Brussels, Washington , DC, U.S, China
S&P 500 headed for record high as inflation seems temporary
  + stars: | 2021-06-10 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - Wall Street stocks rose on Thursday, with the S&P 500 on course to hit an all-time closing high, as the much-anticipated consumer price index report signaled that the current inflation wave will be transitory. REUTERS/Brendan McDermidAll three major U.S. stock indexes were higher, with market-leading megacap stocks putting the Nasdaq out front. The Dow Jones Industrial Average rose 126.15 points, or 0.37%, to 34,573.29; the S&P 500 gained 25.09 points, or 0.59%, at 4,244.64; and the Nasdaq Composite added 108.76 points, or 0.78%, at 14,020.51. Among the 11 major sectors of the S&P 500, healthcare enjoyed the largest percentage gains. The S&P 500 posted 57 new 52-week highs and no new lows; the Nasdaq Composite recorded 92 new highs and 11 new lows.
Persons: Brendan McDermid, , Colin Asher, ” Asher, Joe Biden’s, decliners Organizations: Reuters, New York Stock Exchange, REUTERS, Nasdaq, Labor, Mizuho, U.S . House, Dow Jones, Treasury, GameStop Corp, Clover Health Investments Corp, AMC Entertainment Holdings, Beyond Inc, GEO Group, Boeing Co, United Airlines, Boeing, Airbus, Pfizer Inc, NYSE Locations: St, New York City, U.S, London, United
United Airlines in talks to buy at least 100 Boeing 737 Max jets - Bloomberg News
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoUnited Airlines Holdings Inc (UAL.O) is in advanced talks to buy a large narrow-body aircraft order, which would include at least 100 Boeing Co (BA.N) 737 Max jets as part of a broader fleet revamp, Bloomberg News reported late Wednesday. "We do not currently have a deal in place with Boeing or Airbus to purchase new aircraft and do not comment on speculative aircraft orders," United spokesperson Luke Punzenberger said. In March, the airline had ordered 25 new Boeing 737 MAX aircraft, as it prepares to replace aging jets and meet post-pandemic demand growth. Reuters last month reported that Boeing had drawn up preliminary plans for a fresh sprint in 737 MAX output to as many as 42 jets a month in fall 2022. read moreOur Standards: The Thomson Reuters Trust Principles.
Persons: Chris Helgren, Luke Punzenberger Organizations: United Airlines, Newark Liberty International Airport, REUTERS, United Airlines Holdings Inc, Boeing Co, Bloomberg News, Boeing, Airbus, Bloomberg, MAX, Reuters, Thomson Locations: New York City, New Jersey, U.S, United States
S&P 500 closes at record high as long-term inflation fears abate
  + stars: | 2021-06-10 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermidWall Street stocks ended firmer on Thursday, with the S&P 500 (.SPX) hitting a record closing high, as economic data appeared to support the Federal Reserve's assertion that the current wave of heightened inflation will be temporary. All three major U.S. stock indexes advanced, with market-leading megacap stocks putting the Nasdaq (.IXIC) out front. Unofficially, the Dow Jones Industrial Average (.DJI) rose 12.21 points, or 0.04%, to 34,459.35, the S&P 500 (.SPX) gained 19.71 points, or 0.47%, to 4,239.26 and the Nasdaq Composite (.IXIC) added 106.86 points, or 0.77%, to 14,018.61. Among the 11 major sectors of the S&P 500, healthcare (.SPXHC) enjoyed the largest percentage gains.
Persons: Brendan McDermid, Ryan Detrick, Detrick, Joe Biden's Organizations: New York Stock Exchange, REUTERS, Nasdaq, Labor, Financial, U.S . House, Dow Jones, Treasury, GameStop Corp, Clover Health Investments Corp, AMC Entertainment Holdings, Beyond Inc, GEO, Boeing Co, Reuters, United Airlines, Boeing, Airbus, Pfizer Inc, Thomson Locations: St, New York City, U.S, Charlotte , North Carolina, United
The United States Chamber of Commerce building is seen in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew KellyThe U.S. Chamber of Commerce on Wednesday urged the United States and European Union to quickly resolve their disputes over steel and aluminum tariffs and aircraft subsidies, and adopt a new privacy shield to better coordinate digital policy. Doing so, it said, could help advance economic recovery "by eliminating existing barriers to transatlantic commerce, preventing new barriers, and establishing joint approaches on foundational and emerging technologies." EU trade chief Valdis Dombrovskis told reporters on Wednesday that Brussels hoped the visit would help bring a rapid end to trade disputes and foster better ties. The goal, it said, should be to strengthen bilateral relations, boost competitiveness and innovation, and meaningfully address shared concerns with third countries.
Persons: Andrew Kelly The, Joe Biden, Trump, Valdis Dombrovskis Organizations: United States Chamber of, Washington , D.C, REUTERS, Andrew Kelly The U.S . Chamber, Commerce, Wednesday, European Union, Reuters, EU, Airbus, Boeing Co, Thomson Locations: Washington ,, United States, U.S, Russia, China, EU, Brussels
The new Air Force One plane may get delivered a year late
  + stars: | 2021-06-09 | by ( Oriana Pawlyk | ) www.businessinsider.com + 0.00   time to read: +5 min
The upgraded VC-25B planes meant to serve as the next Air Force One aircraft may not arrive until 2025. The Air Force is reviewing the company's request to delay the delivery by at least a year, officials said. Boeing Co. is behind schedule on two new Air Force One aircraft, which could mean the upgraded VC-25B planes will not be delivered until 2025, according to service officials. Air Force One. Lt. Gen. Duke Richardson, the Air Force military deputy for acquisition, earlier this year acknowledged that the new Air Force One aircraft would be late because of a dispute with one of the suppliers remaking the aircraft's interior.
Persons: Darlene Costello, Costello, Chris Graythen, Joe Courtney, Duke Richardson, They've, Richardson, McAleese, DefenseOne, Ron Sachs, , — Oriana Pawlyk Organizations: Air Force One, Air Force, Boeing, Boeing Co, Armed, Projection Forces, Getty Rep, GDC, Wall Street Journal, Russian, Transaero, Defense, Research, Pentagon, Twitter Locations: D, Connecticut, Texas, San Antonio
Boeing lifts price tag for Air Force One contract -USAF official
  + stars: | 2021-06-08 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: Air Force One is seen on the tarmac after U.S. President Joe Biden returned from Pittsburgh to Joint Base Andrews, Maryland, U.S. March 31, 2021. In July 2018, Boeing received a $3.9 billion contract to build two 747-8 aircraft for use as Air Force One, set to be delivered by December 2024. Separately, Boeing submitted a letter to the Air Force beginning the process to negotiate a price adjustment for the jets, Costello said. In April, Boeing recorded a $318-million pre-tax charge related to Air Force One presidential aircraft due to a spat with a supplier. Boeing referred questions to the Air Force.
Persons: Joe Biden, Jonathan Ernst, Darlene Costello, Costello, , ” Costello Organizations: Air Force, Joint Base Andrews, REUTERS, Reuters, Boeing Co, Boeing, U.S . House of, Armed, Committee, House Locations: Pittsburgh, Joint Base Andrews , Maryland, U.S
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) (Updates to market close)NEW YORK, June 8 (Reuters) - Wall Street stocks struggled for closing gains on Tuesday as a lack of clear market catalysts kept institutional investors in a holding pattern, while retail traders kept the rally of so-called meme stocks alive. Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts. Clover Health Investments seized top billing among meme stocks, and ended the session as the largest percentage gainer in the Nasdaq. “(Meme stocks) are where the action is, but you flip it over and look crypto and that’s a mess,” Nolte said.
Persons: We’re, , Paul Nolte, “ There’s, ” Nolte, Smallcaps, , Stephen Culp, Ambar Warrick, Shashank, Richard Chang Organizations: Nasdaq, Amazon.com Inc, Apple Inc, Federal, Kingsview, Management, Clover Health Investments, GameStop Corp, Beyond Inc, U.S . Labor Department and National Federation of Independent, Dow Jones, Tesla, China Passenger Car Association, Boeing Co, Southwest Airlines, GameStop Locations: Chicago, China, Bengaluru
Boeing notches big 737 MAX order in May; 787 deliveries drop
  + stars: | 2021-06-08 | by ( Eric Johnson | ) www.reuters.com sentiment -1.00   time to read: +2 min
In addition to the 10 737 MAX jets, Boeing said it delivered two 787 Dreamliners to airlines in May. Boeing's jet deliveries are closely scrutinized by investors because they generate much-needed cash for a company weathering fallout from the coronavirus pandemic and an earlier safety crisis following two 737 MAX crashes. The gross orders were comprised of 61 737 MAX jets, including a fresh order of 34 from a buyer Boeing declined to identify, and five 787-9 Dreamliners and one 777 freighter for Germany's Lufthansa (LHAG.DE). Norwegian Air (NORR.OL) and Mexican airline Aeromexico canceled 48 737 MAX orders in May. Boeing said its official backlog grew to 4,121 aircraft orders in May, from 4,045 in April.
Persons: planemaker, Gross Organizations: Boeing Co, Boeing, Federal Aviation Administration, United Parcel Service Inc, FedEx Corp, Lufthansa, Norwegian, Aeromexico, Thomson Locations: Chicago
Boeing delivers 10 737 MAXs, fewer 787s, in May
  + stars: | 2021-06-08 | by ( Eric Johnson | ) www.reuters.com + 0.00   time to read: +2 min
Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. In addition to the 10 737 MAX jets, Boeing said it delivered two 787 Dreamliners to airlines in May. Norwegian Air (NORR.OL) and Mexican airline Aeromexico canceled 48 737 MAX orders in May. Net orders after accounting adjustments were 177 aircraft for the same period, Boeing said, up from 84 planes in April. Boeing said its official backlog grew to 4,121 aircraft orders in May, from 4,045 in April.
Persons: Lindsey Wasson, planemaker, Gross Organizations: Boeing, MAX, Boeing Field, REUTERS, Lindsey Wasson Boeing Co, Federal Aviation Administration, United Parcel Service Inc, FedEx Corp, Southwest Airlines Co, Lufthansa, Aeromexico, Thomson Locations: Seattle , Washington , U.S, Chicago, U.S, Norwegian
Wall Street languid as 'meme stock' frenzy hogs spotlight
  + stars: | 2021-06-08 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
NEW YORK (Reuters) - Wall Street stocks wavered near the starting line on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders kept the rally of so-called meme stocks alive. FILE PHOTO: A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. REUTERS/Eric Thayer/File PhotoAll three major U.S. stock indexes were little changed, with the S&P and the Dow hovering within 1% of their record closing highs. “Barring unexpected events, I would expect stocks to move sideways for the next three to four weeks.”Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts. Clover Health Investments seized top billing among meme stocks, surging 71.8%, the largest percentage gainer in the Nasdaq.
Persons: Eric Thayer, , Oliver Pursche, ” Pursche, ” Smallcaps, decliners Organizations: YORK, New York Stock Exchange, REUTERS, Nasdaq, Amazon.com Inc, Apple Inc, , Wealthspire Advisors, Clover Health Investments, GameStop Corp, Beyond Inc, U.S . Labor Department and National Federation of Independent, Dow Jones, Tesla, China Passenger Car Association, Boeing Co, Southwest Airlines, GameStop, NYSE Locations: New York, China
Wall Street closes little changed as 'meme stocks' extend rally
  + stars: | 2021-06-08 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
NEW YORK (Reuters) - Wall Street stocks struggled for closing gains on Tuesday as a lack of clear market catalysts kept institutional investors in a holding pattern, while retail traders kept the rally of so-called meme stocks alive. FILE PHOTO: A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts. Clover Health Investments seized top billing among meme stocks, and ended the session as the largest percentage gainer in the Nasdaq. “(Meme stocks) are where the action is, but you flip it over and look crypto and that’s a mess,” Nolte said.
Persons: Eric Thayer, We’re, , Paul Nolte, “ There’s, ” Nolte, Smallcaps, Organizations: YORK, New York Stock Exchange, REUTERS, Nasdaq, Amazon.com Inc, Apple Inc, Federal, Kingsview, Management, Clover Health Investments, GameStop Corp, Beyond Inc, U.S . Labor Department and National Federation of Independent, Dow Jones, Tesla, China Passenger Car Association, Boeing Co, Southwest Airlines, GameStop Locations: New York, Chicago, China
S&P 500 closes little changed as "meme stocks" extend rally
  + stars: | 2021-06-08 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing meme stocks rally. Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts. Clover Health Investments seized top billing among meme stocks, surging 85.8%, the biggest percentage winner in the Nasdaq. Of the 11 major sectors in the S&P 500, consumer discretionary enjoyed the biggest percentage gain, and utilities suffered the largest loss. The S&P 500 posted 54 new 52-week highs and one new low; the Nasdaq Composite recorded 172 new highs and 16 new lows.
Persons: We’re, , Paul Nolte, “ There’s, ” Nolte, Smallcaps, Eric Thayer, , decliners Organizations: YORK, Dow, Nasdaq, Amazon.com Inc, Apple Inc, Federal, Kingsview, Management, Clover Health Investments, GameStop Corp, Beyond Inc, New York Stock Exchange, REUTERS, U.S . Labor Department and National Federation of Independent, Dow Jones, Tesla, China Passenger Car Association, Boeing Co, Southwest Airlines, GameStop, NYSE Locations: Chicago, New York, China
Southwest Airlines orders 34 more 737 MAX aircraft from Boeing
  + stars: | 2021-06-08 | by ( Reuters Staff | ) www.reuters.com sentiment -0.95   time to read: 1 min
FILE PHOTO: The Boeing logo is seen at their headquarters in Chicago, in this April 24, 2013 photo. REUTERS/Jim Young/File Photo(Reuters) - Southwest Airlines said on Tuesday that it had reached an agreement with Boeing Co to add 34 737 MAX 7 aircraft to its 2022 orders. This increase resulted in 234 firm orders for the MAX 7 aircraft from the U.S. airline in 2022. (bit.ly/3pvTNgF)
Persons: Jim Young Organizations: Boeing, Southwest Airlines, Boeing Co, U.S Locations: Chicago
Boeing’s New Air Force One Jets Could Arrive Late, Cost More
  + stars: | 2021-06-08 | by ( Andrew Tangel | ) www.wsj.com sentiment -1.00   time to read: +1 min
Boeing Co. has estimated the new Air Force One jets it is building may arrive a year late and cost taxpayers more than planned, a top Pentagon official said. The aerospace giant has proposed handing over the two new presidential jets by the end of 2025, a year later than planned, acting Assistant Air Force Secretary Darlene Costello said on Tuesday during testimony before a House panel. Boeing struck a $3.9 billion deal to replace the aging 747s, which are known as Air Force One when the commander-in-chief is on board, with then-President Donald Trump in 2018. An Air Force spokesman said Boeing hasn’t formally requested additional funding. Ms. Costello said Boeing has told the Air Force it intended to submit such a request.
Persons: Darlene Costello, Donald Trump, Boeing hasn’t, Costello, Boeing, , Joe Courtney Organizations: Boeing Co, Air Force, Pentagon, Air, Boeing, An Air Force, Connecticut Democrat, Armed Services Locations: Connecticut
Wall Street closes little changed as "meme stocks" extend rally
  + stars: | 2021-06-08 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Eric Thayer/File PhotoWall Street stocks struggled for closing gains on Tuesday as a lack of clear market catalysts kept institutional investors in a holding pattern, while retail traders kept the rally of so-called meme stocks alive. Smallcaps (.RUT), once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts. Clover Health Investments (CLOV.O) seized top billing among meme stocks, and ended the session as the largest percentage gainer in the Nasdaq. "(Meme stocks) are where the action is, but you flip it over and look crypto and that's a mess," Nolte said. "Now the meme stocks are taking over from crypto as the place to be and it's all a consequence of very easy monetary policy."
Persons: Eric Thayer, Paul Nolte, Nolte, Tesla Organizations: New York Stock Exchange, REUTERS, Nasdaq, Amazon.com Inc, Apple Inc, Federal, Kingsview, Management, Clover Health Investments, GameStop Corp, Beyond Inc, U.S . Labor Department and National Federation of Independent, Dow Jones, China Passenger Car Association, Boeing Co, Southwest Airlines, GameStop, Thomson Locations: New York, Chicago, China
REUTERS/Jonathan ErnstPresident Joe Biden signed an executive order on Thursday that bans U.S. entities from investing in dozens of Chinese companies with alleged ties to defense or surveillance technology sectors, a move his administration says expands the scope of a legally flawed Trump-era order. The order prevents U.S. investment from supporting the Chinese military-industrial complex, as well as military, intelligence, and security research and development programs, Biden said in the order. "In addition, I find that the use of Chinese surveillance technology outside the PRC and the development or use of Chinese surveillance technology to facilitate repression or serious human rights abuse constitute unusual and extraordinary threats," Biden said, using the acronym for the People's Republic of China. A second official told reporters that the inclusion of Chinese surveillance technology companies expanded the scope of the Trump administration's initial order last year, which the White House argues was carelessly drafted, leaving it open to court challenges. In May, a judge signed an order removing the designation on Chinese mobile phone maker Xiaomi (1810.HK), which was among the more high-profile Chinese technology companies that the Trump administration targeted for alleged ties to China's military.
Persons: Joe Biden, Jonathan Ernst President Joe Biden, Trump, Biden, White, Donald Trump's, Kurt Campbell, shrugged, Wu Kan, divesting, Stewart Baker, Baker Organizations: White, REUTERS, Treasury Department, Department of Defense, Defense Department, Aviation Industry Corp of China, China Mobile Communications Group, China National Offshore Oil Corp, Hangzhou Hikvision Digital Technology Co, Huawei Technologies Ltd, Semiconductor Manufacturing International Corp, HK, Trump, Soochow Securities, Commercial Aircraft Corp of China, Boeing Co, Airbus, Gowin Semiconductor Corp, Luokung Technology Corp, Department of Homeland Security Locations: Washington , U.S, People's Republic of China, China, Hangzhou, Pacific, U.S
A Boeing Co. 747 passenger aircraft, operated by British Airways, takes off at Heathrow airport in London, U.K.Analysts from Bank of America have picked stocks set to get a boost as economies in the U.S. and Europe recover from the coronavirus pandemic. US growth and rising inflation), as well as beneficiaries of the faster-than-expected re-opening in Europe," the bank's analysts wrote in a note published Wednesday. The bank added stocks to its "Best Ideas List," some of which it said were set for a particularly strong bounce and positive growth. "The companies range from airlines to online fashion retail to healthcare supplies and insurance," the analysts, led by Jill Carey Hall, wrote. BofA's "best" stock picks include:
Persons: Jill Carey Hall, BofA's Organizations: Boeing Co, British Airways, Heathrow, Analysts, Bank of America Locations: London, U.S, Europe
Wall St set to rise at open, unshaken by inflation surge
  + stars: | 2021-05-28 | by ( Medha Singh | Shashank Nayar | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. Strategists expect the S&P 500 to end the year at 4,300 points, according to a Reuters poll, about 100 points above its closing price on Thursday. ET, Dow e-minis were up 157 points, or 0.46%, S&P 500 e-minis were up 12.5 points, or 0.3%, and Nasdaq 100 e-minis were up 29.25 points, or 0.21%. HP Inc reported quarterly revenue that beat Wall Street estimates but its shares fell 5.8% after it warned that the ongoing computer chip shortage could impact its ability to meet demand for laptops this year. The U.S. stock market will remain shut on Monday for Memorial Day holiday.
Persons: Brendan McDermid, , Dennis Dick Organizations: Reuters, New York Stock Exchange, REUTERS, Bright Trading, Apple Inc, Amazon.com Inc, Investors, Bank of, Dow e, Nasdaq, Salesforce.com Inc, HP Inc, Wall, Boeing Co, AMC Entertainment Locations: New York City, U.S, Las Vegas
Wall Street shakes off inflation rise and closes higher
  + stars: | 2021-05-28 | by ( Chuck Mikolajczak | ) www.reuters.com + 0.00   time to read: +3 min
NEW YORK (Reuters) - U.S. stocks climbed on Friday as investors brushed off a stronger-than-expected inflation reading, as both the Dow and S&P 500 indexes clinched their first weekly gain in the past three weeks. FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. PCE is the Federal Reserve’s preferred measure of inflation. On Thursday, Federal Reserve Bank of Dallas President Robert Kaplan said the labor market was tighter than many realize. Despite the data showing a rise in inflation, U.S. Treasury yields fell and helped lift high-growth technology stocks.
Persons: Brendan McDermid, , Keith Buchanan, Robert Kaplan Organizations: YORK, Dow, New York Stock Exchange, REUTERS, PCE, , Dow Jones, Nasdaq, Federal Reserve Bank, Dallas, Treasury, Salesforce.com, Boeing Co, Federal Aviation Administration Locations: New York City, U.S, Atlanta
Wall Street shrugs off inflation jump to move higher
  + stars: | 2021-05-28 | by ( Chuck Mikolajczak | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. PCE is the Federal Reserve’s preferred measure of inflation. Despite the data showing a rise in inflation, U.S. Treasury yields fell and helped lift high-growth technology stocks. Inflation worries have persisted in the stock market for several weeks. The U.S. stock market will be closed on Monday for the Memorial Day holiday.
Persons: Brendan McDermid, , Keith Buchanan, Robert Kaplan Organizations: YORK, Dow, New York Stock Exchange, REUTERS, PCE, Dow Jones, Nasdaq, Federal Reserve Bank, Dallas, Treasury, Salesforce.com Inc, Boeing Co, Federal Aviation Administration, NYSE Locations: New York City, U.S, Atlanta
Boeing Dreamliner Deliveries Face New Delays
  + stars: | 2021-05-28 | by ( Andrew Tangel | ) www.wsj.com sentiment -1.00   time to read: +1 min
Boeing Co. has halted deliveries of its 787 Dreamliners, adding fresh delays for customers following a recent five-month suspension in handing over the aircraft due to production problems, people familiar with the matter said. Federal air-safety regulators have requested more information about Boeing’s proposed solution to address the previously identified quality lapses, these people said. It wasn’t clear how long the halt might last, these people said. American Airlines Group Inc. was slated to receive a new Dreamliner this week, but that delivery isn’t expected until next week at the earliest, one of these people said. A Boeing spokesman said the company was working in a timely and transparent manner to provide regulators with more information related to undelivered 787s.
Organizations: Boeing Co, American Airlines Group Inc, Boeing
Boeing halts deliveries of 787 Dreamliners - WSJ
  + stars: | 2021-05-28 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
The Boeing 787-10 Dreamliner sits on the tarmac before a delivery ceremony to Singapore Airlines at the Boeing South Carolina Plant in North Charleston, South Carolina, United States March 25, 2018. REUTERS/Randall HillBoeing Co (BA.N) has halted deliveries of its 787 Dreamliners, adding fresh delays for customers following a recent five-month delivery suspension due to production problems, the Wall Street Journal reported on Friday. Boeing did not immediately respond to a Reuters request for comment. Two key U.S. lawmakers said last week they were seeking records from Boeing and the Federal Aviation Administration on production issues involving the 737 MAX and 787 Dreamliner. read moreThe move came after multiple issues recently emerged regarding the 737 MAX and the 787, including electrical problems and the presence of foreign object debris in newly manufactured aircraft.
Organizations: Boeing, Singapore Airlines, Carolina Plant, REUTERS, Randall Hill Boeing Co, Wall Street, Federal Aviation Administration, Thomson Locations: North Charleston , South Carolina, United States
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