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☆ Japan and the UK are in recessions. Is the US next?
▼ + stars: | 2024-02-16 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —And just like that, two of the world’s largest economies are in technical recessions. On Thursday, Japan and the UK both reported their second consecutive negative quarters of gross domestic product, fitting the widely agreed-upon definition of a recession. In 2022, the nation’s population declined by 800,000, marking the 14th consecutive year of contraction. In the UK, however, population and wage growth weren’t sufficient to stave off a drop in consumer spending, one of the main drivers of that economy. In the past two quarters, the nation’s economy experienced much higher than expected GDP growth, due in large part to robust consumer spending.

Persons: Paul Donovan, ” Donovan, Kazuhiro Nogi, ”, didn’t, Jerome Powell, “, it’s, there’s, Powell, Philipp Carlsson, doesn’t, “ it’s, Carlsson Organizations: New, New York CNN, UBS Global Wealth Management, Getty, National Bureau of Economic Research, don’t, US Federal Reserve, Boston Consulting Locations: New York, Japan, Germany, AFP, Ukraine

☆ Think falling prices would help? They could destroy an economy. Just ask China
▼ + stars: | 2024-02-15 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

China, however, is having a different problem: Prices are falling at their fastest rate in 15 years. No, that wasn’t a typo, falling prices are a problem when they’re widespread across an economy, like in China, which is experiencing what’s known as deflation. At first glance, falling prices may sound good. Like the US Federal Reserve, most central banks target a 2% annual rate of inflation, not zero inflation whatsoever. “In a deflationary environment monetary policy may not be able to sufficiently stimulate the economy by using its interest rate instrument.

Persons: — Organizations: New, New York CNN, US Federal Reserve, European Central Bank Locations: New York, China

☆ CNBC Daily Open: Inflation's stubborn staying power
▼ + stars: | 2024-02-14 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Traders work the floor during morning trading at the New York Stock exchange (NYSE) ahead of the US Federal Reserve's decision on lending rates, in New York on January 31, 2024. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia closed at $721.28 per share, with a market value of $1.78 trillion to Amazon's $1.75 trillion market cap. Bitcoin retreatsCryptocurrencies fell on Tuesday tracking the broader market sell-off. [PRO] Japan's bull caseJapan is fast emerging on investors' radar, and this has been reflected in the stock market's recent bull run.

Persons: Russell, Bob Bakish, Cryptocurrencies, Bitcoin, Jurrien, Morgan Stanley Organizations: New York Stock, Federal, CNBC, Dow, Nasdaq, Nvidia, Amazon Nvidia, Amazon, Paramount, Paramount Global, Metrics, Fidelity Investments Locations: New York, Japan

☆ Opinion: I’m a Palestinian American. This is what I told Blinken
▼ + stars: | 2024-02-14 | by ( Opinion Rajaie Batniji | ) edition.cnn.com time to read: +8 min

CNN —On February 1, I met US Secretary of State Antony Blinken for a 90-minute private discussion on the situation in Gaza. Many of my fellow Palestinian Americans discouraged me from speaking with you today, concerned that this discussion was solely performative. You know that the UN agency for Palestinian refugees, UNRWA, provides food for most Gazans and critical infrastructure for other aid organizations. I have worked extensively in global health and wrote a series of research papers in 2009 on what we thought then was a Palestinian health crisis. What do you wish to be your legacy, Secretary Blinken?

Persons: Read, CNN —, Antony Blinken, Blake Marvin I, Blinken, nodded, Mr, ’, –, Abed Rahim Khatib, Israel, indignity Organizations: CNN, State Department, Palestinian, Oxford, Marshall, Wall Street, United Nations, UN, UNRWA, International Court of Justice Locations: Gaza, San Francisco, Rajaie, Palestinian American, California, Stanford, Shejaiya, Israel, Iraq, Rafah, American, Shifa, al, Palestinian

☆ US banks have loaned $1 trillion to less regulated 'shadow banks'
▼ + stars: | 2024-02-12 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +1 min

US banks have given out $1 trillion of loans to non-regulated "shadow banks." Regulators said that these alternative lenders increase banks' exposure to higher risk debt. Several major banks including Citigroup and Wells Fargo have strengthened their ties with alternative asset lenders. AdvertisementThe amount of loans made by US banks to less regulated shadow lenders surpassed $1 trillion in January. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Regulators, Citigroup, Service, US Federal Reserve, Business Locations: Wells

☆ Worried about how safe it is to fly? Here’s what the experts have to say
▼ + stars: | 2024-02-10 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +8 min

“I don’t believe that you should be worried,” says Geoffrey Thomas, an aviation safety expert and editor in chief of Airline Ratings, which publishes an annual list of the safest airlines. The list of the world’s safest airlines is topped by Air New Zealand, Qantas, Virgin Australia, Etihad Airways, Qatar Airways, Emirates, All Nippon Airways, Finnair and Cathay Pacific. Charly Triballeau/AFP/Getty Images“Aviation is the safest mode of transportation,” says Anthony Brickhouse, a professor of aviation safety at Florida’s Embry-Riddle Aeronautical University. “Unfortunately, with the Japan Airlines accident, we did lose five people on the military aircraft, but everybody made it off of the civilian aircraft. Remote in probabilityDespite concerns, the Boeing 737 has a better safety record than the 747, experts say.

Persons: ”, Geoffrey Thomas, it’s, “, Thomas, Charly Triballeau, Anthony Brickhouse, Florida’s Embry, Brickhouse, Max, we’ve, Willie Walsh, Arnold Barnett, That’s, we’re, ” Barnett, Jason Redmond, Barnett Organizations: CNN, Alaska Airlines, Max, Boeing, “, Airbus, Air New Zealand, Qantas, Virgin Australia, Etihad Airways, Qatar Airways, Emirates, All Nippon Airways, Finnair, Cathay Pacific, Getty, Florida’s, Riddle Aeronautical University, US Federal Aviation Administration, National Transportation Safety Board, Japan Airlines Airbus, Tokyo Coast Guard, FAA, Japan Airlines, NTSB, Reuters, Massachusetts Institute of Technology, European Union, United Locations: AFP, Tokyo, Japan, Africa, Latin America, Asia, Australia, Canada, China, Israel, New Zealand, Norway, Switzerland, United Kingdom, United States

☆ Stock futures inch lower in overnight trading after S&P 500 touches historic 5,000 mark: Live updates
▼ + stars: | 2024-02-08 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Stock futures edged lower Thursday evening after the S&P 500 crossed the historic 5,000 milestone for the first time during intraday trading. S&P 500 futures and Nasdaq 100 futures were both about 0.1% lower. The large-cap benchmark reached a high of 5,000.40 during Thursday's regular trading before closing less than 3 points below the key 5,000 threshold. The S&P 500 first crossed 4,000 on April 1, 2021, so it took almost three years to add the last 1,000 points. A solid earnings season, easing inflation data and a resilient economy have powered the market rally into 2024, with the S&P 500 up 4.8% on the year.

Persons: Ryan Detrick, we've Organizations: New York Stock, Federal, Futures, Dow Jones, Nasdaq, Carson Group Locations: New York

☆ A Goldilocks economy could be coming, but a key piece of the puzzle remains elusive
▼ + stars: | 2024-02-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at why investors are eyeing an even better outcome for the market than a soft landing . The big storyMarket's sweet spotPiotr PowietrzynskiForget about a soft landing, some market watchers want something just right. For months, investors hoped the Fed's tightening policy would culminate in a soft landing: lowering inflation while avoiding a full-blown recession. But why settle for a soft landing when you can get it all? Liu Jie/Xinhua via Getty ImagesA Goldilocks economy still hinges on the Fed cutting rates, which has proved fleeting for investors.

Persons: —, hasn't, Piotr Powietrzynski Forget, Matthew Fox, Solita, Marcelli, Jerome Powell, Liu Jie, we'll, Powell, Banks, Kenneth Rogoff, Jensen Huang, Rick Wilking, Goldman, Goldman Sachs, Savita Subramanian, Gen, Jenny Chang, Rodriguez, Fintechs, VCs, Sam Altman, Altman, didn't, Scott Winters, Alyssa Powell, Travis Kelce, Experian, It's, EVs, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Apple, Business, Getty, Bank of America, Harvard, Nvidia, CES, Kansas City Chiefs, US Treasury, New York Times, UBS, FAA, Boeing, Max Locations: Americas, Washington ,, Xinhua, Jensen, Las Vegas , Nevada, U.S, China, New York, London

☆ Jerome Powell rang the alarm on debt, saying it shouldn't be dumped on future generations
▼ + stars: | 2024-02-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The US government is spending at an unsustainable rate, Jerome Powell said. The Federal Reserve chair said he was worried future generations would be stuck with the bill. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAmerica is racking up dangerous amounts of debt because of its excessive spending, and future generations are likely to suffer the consequences, Jerome Powell said. Although inflation remains well above the Fed's 2% target, Powell and his colleagues have penciled in three rate cuts for this year.

Persons: Jerome Powell, Powell, —, there's Organizations: Federal, Service, Federal Reserve

“It is necessary to conduct this operation unilaterally and without notifying Venezuelan officials,” reads the 15-page 2018 memo expanding “Operation Money Badger,” an investigation that authorities say targeted dozens of people, including Venezuelan President Nicolás Maduro. Within weeks, senior DEA officials plotted to deploy at least three undercover informants to surreptitiously record top officials suspected of converting Venezuela into a narco state. And “to limit or mitigate the exposure of the unilateral activities,” the document advised DEA officials to protect their informants and curtail in-person meetings with targets. I think they figured they had nothing to lose.”RELEASED BY ACCIDENTThe Operation Money Badger memo was never intended to be made public. The DEA memo authorized three informants to secretly record undercover meetings with the targets.

Persons: –, ”, Nicolás Maduro, Maduro’s, Alex Saab, Wes Tabor, “ We’re, Maduro, “, Biden, ” Maduro, Donald Trump’s, Trump, Joe Biden, ” —, Evan Criddle, William & Mary, there’s, Mike Vigil, Manny Recio, John Costanzo Jr, Costanzo, ” Michael Nadler, Washington –, launderer, Jose Vielma, Hugo Chávez, Vielma’s, Luis Motta, Vielma, Motta, Motta’s, Zach Margulis, Hugo Carvajal, Jennifer Farrar Organizations: MIAMI, The Associated Press, U.S . Drug Enforcement Administration, DEA, Justice, AP, CIA, State, Justice Department, U.S, Attorney’s, Democratic, Supreme, William &, Saab, Miami Field Division’s, IRS Locations: Venezuela, United States, U.S, America, Venezuelan, Miami, Manhattan, Russia, China, OPEC, Mexico, Virginia, “, Colombian, New York, Houston, Washington, Investigative@ap.org

☆ Ryanair CEO has ‘a lot of confidence’ in Boeing chief David Calhoun
▼ + stars: | 2024-01-29 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

“I have a lot of confidence both personally and professionally in David Calhoun and in Brian West,” Ryanair’s Michael O’Leary said Monday, referring to Boeing’s CEO and chief financial officer respectively. Calhoun — who was appointed to the top job in January 2020 as Boeing was already struggling with quality and safety issues — will unveil the planemaker’s full-year results Wednesday. Ryanair CEO Michael O'Leary, left, voiced strong support for Boeing CEO David Calhoun Monday. Partly because of this, Ryanair expects full-year profit for the current financial year to be at the lower end of a range of €1.85 billion-€1.95 billion ($2 billion-$2.1 billion) — trimming a November forecast of up to €2.05 billion ($2.2 billion). That would still be up from its previous record of €1.45 billion ($1.6 billion) earned in 2018, before the Covid-19 pandemic.

Persons: ”, David Calhoun, Brian West, Michael O’Leary, “, Calhoun —, Dennis Muilenberg, Calhoun, Michael O'Leary, Scott Kirby, Kirby, Max, ” O’Leary, we’ll, O’Leary, ” — Organizations: London CNN, Boeing, Ryanair, Lauda, United, Max, Alaska Airlines, US Federal Aviation Administration, CNBC, United Airlines, Reuters, Airbus Locations: US, Austrian, Alaska, American, Toulouse, United Kingdom, Kiwi.com, Europe

☆ What is catfishing and what can you do if you are catfished?
▼ + stars: | 2024-01-29 | by ( Sen Nguyen | ) edition.cnn.com time to read: +16 min

In the US, romance scams resulting from catfishing have among the highest reported financial losses of internet crimes as a whole. A 2019 study found that young LGBTQ+ men in rural America experiencing catfishing on dating apps felt angry and fearful. She also emphasized the need to recognize today’s loneliness epidemic, which “leads people to perhaps be more susceptible to catfishing scams,” she said. Catfishing is not explicitly a crime, but the actions that often accompany catfishing, such as extortion for money, gifts or sexual images are crimes in many places. In the US, romance scams resulting from catfishing have among the highest reported financial losses of internet crimes as a whole.

Persons: CNN —, Nev Schulman, “ Megan ”, Schulman, Evita, scammers, Catfishing, Snapchat, ”, Ngo Minh Hieu, Chong, Hieu, Wang, “, It’s, Fangzhou Wang, ” Wang, Maryna, WeChat Organizations: CNN, Cybersmile Foundation, Federation University, Fraud Intelligence, INTERPOL, Research, US Federal Trade Commission, SMS, University of Texas, Arlington, Getty, Facebook, UNICEF Locations: Alaska, Australia, Singapore, Southeast Asia, France, Germany, India, cryptocurrency, Vietnamese, America, catfishing, China, Cybersecurity, Australian

☆ China takes delivery of Boeing 737 Max in show of support for troubled plane maker
▼ + stars: | 2024-01-25 | by ( Xiaofei Xu | Chris Isidore | ) edition.cnn.com time to read: +2 min

Hong Kong/New York CNN —Boeing has delivered its first 737 Max to a Chinese airline for the first time in nearly five years, according to flight data, in a rare spot of good news for the embattled company. According to flight tracking website Flightradar 24, China Southern Airlines flight CZ5073 departed from Boeing Field in Seattle, Washington, on Wednesday for China via Honolulu. The use of the airline’s flight number, instead of a Boeing one, suggests the ownership of the plane has already been transferred. The plane, a 737 Max 8 according to flight data, was built in September 2019 and has been parked in Boeing’s Seattle factory since then, according to flight tracking sites Flightradar 24 and Aviation Flights. In December, the trade publication the Air Current said Boeing had won a key clearance from China’s aviation regulator, the Civil Aviation Administration of China (CAAC), allowing Boeing to prepare Max aircraft for delivery, Reuters reported.

Persons: Max, CZ5073, haven’t Organizations: New York CNN, Boeing, Max, China Southern Airlines, Boeing Field, Aviation, US Federal Aviation Administration, FAA, CNN, Current, Civil Aviation Administration of China, Reuters Locations: Hong Kong, New York, Seattle , Washington, China, Honolulu, Boeing’s Seattle, Indonesia, Ethiopia

Eagle Pass, Texas CNN —As the migrant crisis continues at the US-Mexico border and beyond, tensions between Texas and federal officials remain high. Here are the latest developments:Cold, hungry and bloodied from razor wire grazes. Now they’ve found themselves in the middle of the ongoing border battle between Texas and the US federal government. Under federal policy, migrants like Kevin and Vanessa would have surrendered two days ago, been taken into custody by federal authorities and transported for immigration processing. Venezuelan couple Kevin and Vanessa stand behind razor wire at the US-Mexico border.

Persons: Kevin, Vanessa, they’ve, Kevin hadn’t, doesn’t Organizations: , Texas CNN, CNN, Texas National Guard, Texas Department of Public Safety, federal Border Patrol, Shelby Locations: , Texas, Mexico, Texas, Rio, Venezuela, Eagle, Shelby, Shelby Park

☆ 5 huge challenges facing Apple this year
▼ + stars: | 2024-01-25 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

Behind in generative AI. A recent Reuters report noted iPhone sales in China dropped 30% in the first week of the year amid pressure from rival Huawei. Still, Barclays downgraded Apple stock earlier this month citing disappointing iPhone 15 sales in China and softening demand for the latest iPhone. Apple also faces challenges around the upcoming rollout of the Vision Pro headset, which will be its riskiest product launch in years. Tim Cook, chief executive officer of Apple Inc., speaks during a launch event for the new Apple iPhone 15 at Apple Park in Cupertino, California, on September 12, 2023.

Persons: ”, David McQueen, ALY, Dan Ives, Apple, Justin Sullivan, Jitesh, IDC –, that’s, It’s, Siri, McQueen, “, Ming Yeung, Tim Cook, Nic Coury, hasn’t, Brian Fung, Clare Duffy Organizations: CNN, Microsoft, Apple, ABI Research, Huawei, Reuters, Apple Watch, International Trade Commission, IDC, Meta, Google, Samsung, Mac, Barclays, Apple Inc, Getty, EU, Markets, Epic Locations: China, Shanghai, Cupertino , California, Milan, Italy, AFP

☆ Alaska Airlines CEO says company found loose bolts on ‘many’ Boeing Max 9s
▼ + stars: | 2024-01-23 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Alaska Airlines CEO Ben Minicucci revealed the carrier found “some loose bolts on many” Boeing 737 Max 9s in an interview for “NBC Nightly News with Lester Holt” scheduled to air Tuesday. The US Federal Aviation Administration urged airlines on Sunday to inspect so-called door plugs on an earlier version of Boeing 737 airplanes. After recent inspections of the newer Max 9s, United Airlines and Alaska Airlines have found loose bolts. NBC asked Minicucci if Boeing has a problem with quality control extending beyond a single plane. We will follow the lead of the FAA and support our customers every step of the way.”The CEO of United Airlines, one of the biggest buyers of Boeing jets, also expressed frustration with the company.

Persons: Ben Minicucci, Lester Holt ”, ” Minicucci, Max, that’s what’s, ”, Minicucci, Stan Deal, “ I’m, Scott Kirby, they’ve, ” CNN’s Chris Isidore, Gregory Wallace, Hanna Ziady Organizations: New, New York CNN, Alaska Airlines, Boeing, Max, NBC, US Federal Aviation Administration, United Airlines, FAA, Airplanes, United, CNBC Locations: New York, Portland , Oregon, Ontario , California, Alaska

☆ Passenger Spots Missing Bolts on Virgin Atlantic Flight, Canceled
▼ + stars: | 2024-01-23 | by ( Joey Hadden | ) www.businessinsider.com time to read: +4 min

The flight was canceled "to provide time for precautionary additional engineering maintenance checks," a Virgin Atlantic representative told Business Insider in a statement. AdvertisementThe missing bolts were not a safety concern, experts sayA Virgin Atlantic Airbus A330 flies over London in December 2022. "We'd like to apologize to our customers for the delay to their journeys," Virgin Atlantic told BI in a statement, and confirmed the plane is now back in service following an inspection. While not a safety issue, the recent Virgin Atlantic flight cancellation is not the first problem the airline has faced this year. On January 7, a Virgin Atlantic Airbus A330 traveling from Manchester to Barbados made an emergency landing after the smell of smoke filled the cockpit, The Independent reported.

Persons: —, Phil Hardy, John F, Hardy, Robert Smith, Neil Firth, Mathieu Lewis, Rolland, Getty Organizations: Service, Kennedy, Virgin Atlantic, New York Post, Business, Airbus, Kennedy News Agency, The Independent, Virgin Atlantic Airbus, Getty, Boeing, Alaska Airlines, Alaska Airlines Boeing, Max, National Transportation Safety Board, An Alaska Airlines, Portland International Airport, US Federal Aviation Administration, FAA, Independent Locations: Manchester, England, New York City, NYC, London, Portland , Oregon, Ontario , California, Barbados

☆ FAA asks airlines to inspect earlier generation of Boeing 737s
▼ + stars: | 2024-01-22 | by ( Gregory Wallace | ) edition.cnn.com time to read: +1 min

(CNN) — An earlier generation of the Boeing 737 may have issues similar to the door plug that flew out of the side of a recently made plane earlier this month. Since the incident on a newer Boeing 737 Max 9 just over two weeks ago, some airlines have inspected the earlier-built planes and observed “findings with bolts,” the agency said. After recent inspections of the newer Max 9s, United Airlines and Alaska Airlines have both found loose bolts. The FAA noted that the two generations of aircraft “have an identical door plug design.”The FAA notice does not ground the earlier generation of plane. Instead, it recommends that airlines inspect the four bolts that are intended to hold the door in place “as soon as possible.”The newer Max 9 aircraft continue to be grounded in the United States.

Persons: —, Max, “ Organizations: CNN, Boeing, US Federal Aviation Administration, Max, FAA, United Airlines, Alaska Airlines Locations: United States

☆ Microsoft says Russian hackers attacked it to find information about themselves
▼ + stars: | 2024-01-20 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Microsoft said on Friday that its security systems were breached by a Russian hacking group. Microsoft identified the group as Midnight Blizzard, which was behind the SolarWinds cyberattack. AdvertisementMicrosoft said Friday that its systems were breached by Russian hackers who accessed a "very small percentage" of corporate email accounts. The attack was launched by Midnight Blizzard — the seasoned Russian hacking group behind the massive 2020 attack on US information technology firm SolarWinds, which exposed sensitive information in the US federal government. But federal investigators said they found evidence the hackers accessed Microsoft Office 365.

Persons: — Organizations: Microsoft, Midnight, Service, Midnight Blizzard, Initiative Locations: Russian, China

☆ A low-cost trade that wins if the S&P 500 breaks out and heads for 5,000 next
▼ + stars: | 2024-01-19 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

After a stuttering start to 2024, the S & P 500 has found its way into positive territory and the benchmark seems poised to establish a new all-time close Friday, surpassing the 4,800 level which served as resistance back in January of 2022. My optimism on U.S. equities is predicated on the continued strength of the U.S. consumer and our economy but, I believe the real reason for the S & P 500 to possibly run up and kiss 5,000 is because of the underinvested bears. SPY 5Y mountain SPDR S & P 500 (SPY), 5 years Investors will remain focused on continuous Fed messaging specific to the timing of the rate cuts in the wake of the Fed's telegraphed pivot from being hawkish to dovish in the fourth quarter. The trade: To reduce the cost of simply being long an at-the-money SPY call, I want to buy a call spread. DISCLOSURES: (Long SPY and long this call spread) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Persons: TSM Organizations: Federal Reserve, Taiwan Semiconductor Locations: dovish, SOXX

☆ A video appears to show flames spurting from a Boeing 747-8 plane in the sky that was forced to make an emergency landing in Miami
▼ + stars: | 2024-01-19 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

An Atlas Air Boeing 747-8 cargo plane made an emergency landing after an engine malfunction. Atlas Air said the plane landed safely and no injuries were reported. AdvertisementA video appears to show a Boeing 747-8 cargo plane on fire in the sky before making an emergency landing at Miami International Airport on Thursday. BREAKING REPORT : ⚠️ Atlas Air Boeing 747-8 from Miami International Airport CATCHES FIRE MID AIR.. A spokesperson for Miami International Airport told BI that the plane landed safely at 11:03 pm Eastern Time on Thursday.

Persons: —, Chuck Callesto, 5Y095, NBC6, we'll, Max Organizations: Atlas Air Boeing, ., Air, Service, Boeing, Miami International Airport, Atlas Air, Reuters, AIR, Business, MIA, US Federal Aviation Administration, FAA, BI, Japan Airlines, Coast Guard, Alaska Airlines Boeing, Max, Alaska Airlines Locations: San Juan , Puerto Rico

☆ Akasa Air: Boeing gets some good news as Indian airline orders 150 737 Max jets
▼ + stars: | 2024-01-18 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

India’s newest airline is purchasing 150 Boeing 737 Max aircraft, in the first major order the troubled planemaker has announced since the dramatic Alaska Airlines incident in which part of the fuselage of a 737 Max 9 fell off mid-flight. Akasa Air has ordered the 737 Max 10 and 737 Max 8-200 aircraft to be delivered through 2032, the airline said at an event in the southern Indian city of Hyderabad. On Wednesday, the US Federal Aviation Administration said it was expanding its probe to include Spirit AeroSystems (SPR), which builds the fuselage of the 737 Max 9. Akasa Air, which was launched in 2022, is not the only Indian carrier that is buying a lot of Boeing planes. Last year, Air India said it would buy 220 Boeing planes.

Persons: planemaker, Max, ” Stephanie Pope, Ethopia, Antony Blinken, Vinay Dube, ”, Joe Biden, Narendra Modi Organizations: New, New Delhi CNN, Boeing, Max, Akasa, Alaska Airlines, US Federal Aviation Administration, Economic, Air, Indian Locations: New Delhi, Alaska, Indian, Hyderabad, Portland , Oregon, Indonesia, Wells, Washington, Davos, Switzerland, India, Air India

☆ Premarket stocks: Airline stocks are getting pummeled. Here are four reasons why
▼ + stars: | 2024-01-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —It’s been a tough month for shares of airline companies. Here’s why investors are getting out of airline stocks. Boeing’s “can of worms”: Boeing’s problems began on Jan. 5, when the door plug on an Alaska Airlines Boeing 737 Max 9 detached mid-flight. Oil prices are volatile: Investors are also concerned about a possible spike in oil prices. United Airlines Holdings shares have declined 8% so far in January and American Airlines Group shares have fallen 6%.

Persons: New York CNN — It’s, Wells, “, Max, JetBlue’s, Patrick T, Fallon, Brent, Ed Bastian, Antony Blinken, CNN’s Jennifer Hansler, Bryan Mena, Read Organizations: CNN Business, Bell, New York CNN, NYSE, Alaska Airlines Boeing, Max, Boeing, Alaska Airlines, US Federal Aviation Administration, National Transportation Safety, FAA, ”, Spirit Airlines, JetBlue, Spirit, CNN . Spirit Airlines Airbus, JetBlue Airlines Airbus, Los Angeles International Airport, Getty, US Justice Department, Hawaiian Airlines, Hawaiian Holdings, US, . West Texas, Delta Air Lines, Delta, United Airlines Holdings, American Airlines Group, Blinken’s Boeing, Commerce Department Locations: New York, Washington, Boston, AFP, Iran, Yemen, Davos, Zurich, deplane

☆ 2024 will be a perilous year for the world economy as geopolitical tensions ramp up, top economists warn
▼ + stars: | 2024-01-17 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Top economists are fretting about geopolitical tensions, according to a World Economic Forum survey. AdvertisementThe year 2024 will likely be a stormy one for the global economy as growth slows and geopolitical tensions ramp up around the world, according to a World Economic Forum survey. More than half the respondents said the world economy will get weaker this year, and 70% predicted looser financial conditions – implying that they believe central banks, including the US Federal Reserve, will start lowering interest rates at some point in 2024. Advertisement"Amid accelerating divergence, the resilience of the global economy will continue to be tested in the year ahead," WEF managing director Saadia Zahidi said. "Though global inflation is easing, growth is stalling, financial conditions remain tight, global tensions are deepening and inequalities are rising."

Persons: they're, Ray Dalio, Jamie Dimon, —, Saadia Zahidi, JPMorgan Chase, aren't Organizations: Service, US Federal Reserve, JPMorgan, Sunday Times, Bridgewater Associates Locations: Swiss, Davos, Ukraine, China, Chicago

☆ Argentina’s Milei tells Davos ‘heroes’ how it should be done
▼ + stars: | 2024-01-17 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

“The Argentine economy is in such bad shape that it has to be shaken up. President Milei and his team are doing exactly that,” she said during an interview in Davos. He has also devalued Argentina’s currency. However, some of Milei’s measures, such as the devaluation, are also likely to stabilize Argentina’s economy in the medium term, Sperrfechter said. Among his most radical plans, Milei has pledged to ditch the peso as Argentina’s official currency and replace it with the US dollar.

Persons: London CNN —, ” “, ” Javier Milei, ”, Milei, Juan Peron, Kristalina Georgieva, CNN’s Richard Quest Wednedsay, Milei’s, Kimberley Sperrfechter, Sperrfechter, It’s Organizations: London CNN, Economic, Council, Foreign Relations, Reuters, International Monetary Fund, IMF, Argentine, Capital Economics, CNN, “, US Federal Reserve Locations: Davos, Switzerland, Argentina, Argentine, US, “ Argentina

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