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☆ A Southwest Boeing 737 Max was just 150 feet above the ocean before being told to pull up, reports say
▼ + stars: | 2024-07-23 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

Read previewThe FAA is investigating after a Southwest Airlines plane flew dangerously close to the ocean. The FAA told BI it had opened an investigation. It's the third report of a Southwest flight descending to a dangerously low altitude this year. In June, the FAA said it was investigating a Southwest flight that descended to 525 feet nine miles out from Will Rogers World Airport in Oklahoma City. AdvertisementThe FAA is also investigating another Southwest flight that was just 400 feet above the ocean off the coast of Kauai, Hawaii, in April, Bloomberg first reported.

Persons: —, Max, Courtney Campbell, Kent Davis, Will Organizations: Service, Southwest Airlines, Boeing, CNN, Fox, Business, Tampa International, Federal Aviation Administration, FAA, Pilots, Will Rogers, Airport, Bloomberg Locations: Columbus , Ohio, Tampa , Florida, Fort Lauderdale, Oklahoma City, Kauai, Hawaii

☆ The global tech outage showed how we’re just one mistake away from chaos
▼ + stars: | 2024-07-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

“So this is going to be incredibly painful for CrowdStrike customers.”And even if your business had nothing to do with CrowdStrike, the outage still might have ruined your day. You didn’t have to be a CrowdStrike customer to get screwed by the company’s mistake, and that’s what made Friday’s outage so frustrating. But the scale of the CrowdStrike outage is once again underscoring just how interconnected the world has become through a network almost none of us understands and which is largely self-regulating. Microsoft estimated the CrowdStrike outage affected some 8.5 million Windows devices. “Our tech platforms have a mix of legacy systems coupled with modern systems, which means that the weakest link determines the overall system performance.

Persons: CNN Business ’, — didn’t, you’ve, CrowdStrike, Brian Fung, ”, Kevin Beaumont, underscoring, Stuart Madnick, Anil Khurana, ” Khurana, Khurana, Madnick, it’s Organizations: CNN Business, New York CNN, Blue, Microsoft, MIT Sloan School of Management, Airlines, Baratta Center, Global Business, Georgetown’s McDonough Business School, Boeing, JPMorgan Locations: New York

☆ Jim Cramer says don't sell GM on earnings — and touts this steelmaker as a rate-cut play
▼ + stars: | 2024-07-23 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

FedEx picked up a lot of business, and FedEx kept the business," Jim Cramer said. GE Aerospace : Shares popped more than 7% after the engine maker beat Wall Street estimates on both earnings and revenue. General Motors : Shares slid more than 5% despite the automaker's better-than-expected second-quarter sales and earnings print. "I'm just point blank saying this is wrong," Cramer said. Then the company just goes in and buys, buys, buys.

Persons: Jim Cramer's, Jim Cramer, Cramer, Mary Barra, They've Organizations: CNBC, Club, UPS, FedEx, GE Aerospace, Boeing, Motors

☆ CNBC Daily Open: Wall Street looks past political uncertainty
▼ + stars: | 2024-07-23 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tech reboundThe S&P 500 posted its biggest gain since June 5, recovering from its worst weekly slide since April, as tech stocks rebounded led by Nvidia. The move allows Warner Bros. to retain some of its NBA broadcasting rights. However, the NBA may not want Warner Bros. as a media rights partner and could reject the company's matching rights, which could lead to a legal tussle.

Persons: Russell, CrowdStrike, George Kurtz, Mark Green, Andrew Garbarino, Berkshire Hathaway, Walter Cho, Joe Biden's, Kamala Harris Organizations: CNBC, Tech, Nvidia, Nasdaq, Dow Jones Industrial, Homeland Security, Microsoft, Delta Air Lines, Buffett, Warren, Bank of America, Apple, Boeing, Korean Air, Farnborough, NBA, Warner Bros, Discovery, National Basketball Association, Amazon Prime, Trump Locations: U.S, Berkshire

☆ Boeing resumes deliveries of 737 Max airplanes to China
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: +1 min

Boeing 737 MAX aircraft are assembled at the company’s plant in Renton, Washington, U.S. June 25, 2024. Boeing said on Tuesday it has resumed deliveries of its best-selling 737 Max airplane to China after a lengthy delay stemming from regulatory issues. Reuters had reported in June that 737 Max deliveries were set to resume as early as July. China suspended most orders and deliveries of Boeing planes in 2019 after the 737 Max was grounded worldwide. In a year-end 2023 filing, Boeing said it had about 140 737 Max 8 aircraft in inventory, including 85 aircraft for customers in China.

Persons: Max Organizations: Boeing, MAX, Reuters, widebodies, Max Locations: Renton , Washington , U.S, China, Washington, Beijing, Air China

☆ Ryanair, Europe’s biggest airline, says airfares will be ‘materially lower’ this summer
▼ + stars: | 2024-07-22 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Ryanair said Monday that it expects airfares during the busy summer travel season to be “materially lower” than last year as the low-cost carrier reported a plunge in profits. Europe’s biggest airline by passenger numbers, comparable in size to Delta Air Lines in the United States, said its average fare fell nearly 15% in the April-to-June quarter from the same period in 2023, to €41.93 ($45.65) from €49.07 ($53.42). Ryanair (RYAAY) attributed that dip in the first quarter of its financial year, in part, to the timing of the Easter break this year, some of which fell over March. The airline previously thought fares would be “flat to modestly up,” he added. Ryanair reported a 46% fall in profits in the first quarter of the year, to €360 million ($392 million), despite a 10% rise in the number of passengers.

Persons: ”, Michael O’Leary, Neil Sorahan Organizations: London CNN, Ryanair, Europe’s, Delta Air Lines, “, British Airways, Boeing, Alaska Airlines, Delta Locations: United States

☆ Embraer CEO: We don't have any plans to go to a bigger aircraft
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEmbraer CEO: We don't have any plans to go to a bigger aircraftFrancisco Neto, Embraer CEO, joins 'Squawk on Street' to discuss how their company is doing regarding business, whether they are in the mood to compete with Boeing with bigger aircraft, and more.

Persons: Francisco Neto Organizations: Embraer, Boeing

☆ CNBC Daily Open: Biden drops out, endorses Harris
▼ + stars: | 2024-07-22 | by ( Abid Ali | ) www.cnbc.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. Big Tech faces the challenge of rekindling Wall Street's enthusiasm after a $900 billion tech rout.

Persons: Sebastian Raedler, haven't, Stephanie Pope, Max, CNBC's Jim Cramer, Elon Musk, Dan Ives, Lina Khan, Khan, Ives, CrowdStrike, Fred Imbert, —, Alex Harring, Jesse Pound, Kevin Williams, Leslie Josephs, Josie Rozzelle, Kevin Breuninger, Dan Mangan, Zev Fima, Spencer Kimball, Lim Hui Jie Organizations: New York Stock Exchange, CNBC, Bank of America, Boeing, Farnborough, Trump, Microsoft, Securities, Big Tech, Google, Apple Locations: New York City, London, New York, New Delhi, Washington

☆ CNBC Daily Open: Biden drops out
▼ + stars: | 2024-07-22 | by ( Abid Ali | ) www.cnbc.com time to read: +5 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Starbucks stake Activist investor Elliott Management has taken a substantial stake in Starbucks and is engaging with management to boost the company's share price, according to the Wall Street Journal. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. Big Tech faces the challenge of rekindling Wall Street's enthusiasm after a $900 billion tech rout.

Persons: haven't, Stephanie Pope, Max, Elliott Management, Laxman Narasimhan, Howard Schultz, CNBC's Jim Cramer, Elon Musk, Dan Ives, Lina Khan, Khan, Ives, CrowdStrike, Fred Imbert, —, Alex Harring, Jesse Pound, Kevin Williams, Leslie Josephs, Josie Rozzelle, Kevin Breuninger, Dan Mangan, Zev Fima, Spencer Kimball, Rohan Goswami Organizations: CNBC, Dow, Boeing, Farnborough, Wall Street, Starbucks, Trump, Microsoft, Securities, Big Tech, Google, Apple Locations: London, New York, New Delhi, Washington

☆ Korean Air orders at least 40 Boeing wide-body planes in a vote of confidence for the manufacturer
▼ + stars: | 2024-07-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A Boeing 777X airplane takes off during its first test flight from the company's plant in Everett, Washington, January 25, 2020. FARNBOROUGH, England — Boeing won orders for at least 40 wide-body jetliners from Korean Air, including the yet-to-be-certified 777X jetliner, in a vote of confidence for the struggling manufacturer. The order, announced at the Farnborough Airshow outside of London, includes 20 777X planes, the largest in Boeing's commercial jet lineup, and 20 787-10 Dreamliner planes, both long-range jets. Korean Air CEO Walter Cho said he expected to start receiving the planes later this decade. "If I wasn't assured, I would not have ordered it," Cho said at a news conference of Korean Air's order.

Persons: Walter Cho, Cho, whoever's Organizations: Boeing 777X, England — Boeing, Korean Air, U.S . Federal Aviation Administration, Boeing, Delta Air Lines, Airbus Locations: Everett , Washington, FARNBOROUGH, England, Korean, Farnborough, London

☆ Boeing expects 787 suppliers to catch up by year's end, restoring output
▼ + stars: | 2024-07-21 | by ( ) www.cnbc.com time to read: +3 min

Boeing expects delayed suppliers to catch up on parts that have slowed production of its 787 jets to below a rate of five a month, as the U.S. planemaker works to restore output of two key commercial programs by the year's end. Earlier this year, Boeing lowered 787 output to allow "suppliers to catch up with us," a company executive told reporters during a June visit to its sprawling 777 widebody factory in Everett, Washington State. Boeing has said it would restore 737 output to around 38 by the year's end after production of its strongest-selling jet plummeted. Boeing halted deliveries of the 787 widebody jet for more than a year until August 2022 as the FAA investigated quality problems and manufacturing flaws. The planemaker, nevertheless, is eyeing higher Dreamliner production, after setting a target rate of 10 a month for the Dreamliner in the 2025-2026 timeframe at its 2022 investor day.

Persons: Scott Stocker, Stocker Organizations: Boeing, Airbus, Farnborough, Reuters, U.S . Federal Aviation Administration, FAA Locations: Everett , Washington State, South Carolina

☆ Opinion | Have a Foreign Language Love Affair This Summer
▼ + stars: | 2024-07-21 | by ( Mark Vanhoenacker | ) www.nytimes.com time to read: +1 min

By early afternoon I was walking under the turning foliage of Rikugien, one of my favorite gardens, where I paused by a wooden sign at the edge of a stream. But with this magic at our fingertips, is the study of foreign languages now pointless? In fact, foreign languages are more rewarding than ever, in part because technology has made them easier than ever to learn. Growing up in rural Western Massachusetts, foreign languages were inseparable from the wonder I associated with globes and maps, and with the graceful airliners I dreamed of someday flying to distant places. The language I really fell for, though, is Japanese, which I first studied during a summer homestay in Kanazawa.

Persons: — Organizations: Airport, Boeing, Haneda Locations: Tokyo, Western Massachusetts, Belgian, Kanazawa

☆ Boeing 'disappointed' customers but is on the path to 'transformational change,' commercial jet CEO says
▼ + stars: | 2024-07-21 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Pope said Boeing is on the right path to improving its manufacturing quality, safety and predictability of deliveries, a "transformational change" that she said will take years. "It still doesn't take away the reality that we've disappointed" our customers, she said at a press conference before the Farnborough Airshow, outside of London. "This plan is not a three month plan," said Pope. As part of the leadership shakeup that promoted Pope to head the commercial unit, Boeing's CEO Dave Calhoun said he would step down by year's end. Boeing reports quarterly results on July 31 and is set to report charges from that unit, Colbert said at the same press conference.

Persons: Stephanie Pope, Max, Pope, haven't, Dave Calhoun, Ted Colbert, Colbert Organizations: Boeing, MAX, LONDON, Federal Aviation Administration, Farnborough, FAA, Air Force One Locations: Renton , Washington , U.S, London

☆ Airlines have fallen back in love with the Airbus A380. Here's every route flown by the world's largest passenger jet.
▼ + stars: | 2024-07-21 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Several airlines ditched the Airbus A380 during the pandemic. Business Insider compiled a list of every airline operating the A380 and all the routes flown. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . When it first entered service with Singapore Airlines in 2007, it became the world's largest passenger jet. Air France, Thai Airways, and Malaysia Airlines are among the carriers that ditched the A380 as COVID-19 ravaged the industry.

Persons: — Organizations: Airbus, Emirates, Business, Service, Boeing, Singapore Airlines, Thai Airways, Malaysia Airlines Locations: Air France, Thai

☆ Super Hornet pilot who battled the Houthis became 1st US female aviator to score an air-to-air kill, Navy says
▼ + stars: | 2024-07-20 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Read previewAn F/A-18F Super Hornet pilot from Strike Fighter Squadron (VFA) 32 made history by becoming the first US female pilot to score an air-to-air kill, according to a Navy press release. The pilot was not named, and further details on the weapon used to take down the target were not provided. Manufacturer Boeing calls the Super Hornet "the backbone" of the Navy carrier air wing. Related storiesThe female pilot's kill wasn't the only historic air-to-air shot during the Red Sea battle. An E/A-18G Growler squadron that was also stationed aboard the USS Dwight D. Eisenhower became "the first Growler squadron in Navy history to score an air-to-air kill," per another Navy press release.

Persons: —, Dwight D, Eisenhower, Cmdr, Carl Ellsworth Organizations: Service, Strike Fighter Squadron, Navy, Eisenhower, Business, AIM, Prosperity Guardian, Hornet, Boeing Locations: Gaza, The Virginia, Houthi, Yemen

☆ Boeing keeps throwing shade at the Airbus jet it doesn't have an answer to
▼ + stars: | 2024-07-20 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

The Boeing 737 Max 10 has struggled to compete against the Airbus A321neo. The largest variant of the 737 Max is being outsold by Airbus 7 to 1. Boeing continues to downplay the competitive advantage Airbus has in the large single-aisle market. AdvertisementDespite its many challenges in recent years, the Boeing 737 Max remains a competitive offering in the single-aisle airliner market, with more than 4,100 orders still on the books. However, the Max 10, the jet's largest variant, has struggled to compete in the large single-aisle airliner market against its Airbus contemporary, the A321neo.

Persons: Max, — Organizations: Boeing, Max, Airbus, Service, Business

☆ DOJ says ‘substantial progress’ made toward final plea agreement with Boeing but needs more time
▼ + stars: | 2024-07-18 | by ( Mary Kay Mallonee | ) edition.cnn.com time to read: +1 min

CNN —The Justice Department said on Thursday that it has made “substantial progress” in finalizing an agreement with Boeing to plead guilty to defrauding the US government, but more time is needed to work out the remaining details. The Justice Department and the plane maker had planned to file the final terms of the agreement with a federal court in Texas on Friday. But, prosecutors said Thursday in a status report that they “will not be able to finalize the agreement by tomorrow” and that the earliest it will happen is next week. The agreement stipulates that Boeing will have to operate under the oversight of an independent monitor, a person to be chosen by the government, for a period of three years. But that oversight and the fine did not satisfy the families of victims, according to one of their attorneys.

Persons: Max, ” Organizations: CNN, The Justice, Boeing, Justice Department, Government, Department Locations: United States, Texas

☆ Can Boeing get back to its glory days?
▼ + stars: | 2024-07-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +17 min

Then on Jan. 5, about six minutes and 16,000 feet into a packed flight out of Portland, Oregon, a door plug blew out of a nearly new Boeing 737 Max 9. The Federal Aviation Administration barred Boeing from increasing output of its Max planes and stepped up hands-on inspections at production plants. The 737 was dubbed "Baby Boeing" and went on to become the company's bestseller, helping to make Boeing the largest U.S. exporter. Pilots in those Boeing planes fought against a flight-control system, the Maneuvering Characteristics Augmentation System, that pushed the nose of the planes downward repeatedly. Boeing has said it aims to increase rates to about 50 Max planes a month in the next few years.

Persons: Joshua Roberts, Max, AeroSystems, Sen, Richard Blumenthal, Conn, Dave Calhoun, Boeing hasn't, Brian West, Aengus Kelly, Bob Jordan, I'm, Antonoaldo Neves, Calhoun, Steve Mollenkopf, Pat Shanahan, Donald Trump, Barack Obama, AerCap's Kelly, Mulugeta Ayene, we've, NASA —, Scott Kirby, McDonnell Douglas, Rob Spingarn, Kirby, Spirit Aerosystems, William Campbell, it's, It's, Howard McKenzie, Kevin Lamarque, Goldman Sachs, Noah Poponak, Alex Krutz Organizations: American Airlines Boeing, Reagan National, FAA, Reuters Boeing, Wall, Boeing, Justice Department, Alaska Airlines, National Transportation Safety Board, NTSB, Via Reuters Industry, Farnborough, Federal Aviation Administration, Airbus, JPMorgan, Etihad Airways, General Electric, Blackstone, Qualcomm, Lion, Ethiopian Airlines, Pilots, Justice, Reuters, NASA, Lion Air, CNBC, Research, Max, Spirit, Corbis, Jefferies, DOJ, Senate Homeland Security, Governmental Affairs, Capitol, Patriot Industrial Partners Locations: Los Angeles, United States, Washington , U.S, Portland , Oregon, Alaska, U.S, Maldives, Wall, United Kingdom, Boeing's, Emirates, Southwest, United, Indonesia, Addis Ababa, Bishoftu, Debre Zeit, Ethiopia, BOZEMAN , MT, Wichita , Kansas, Bozeman, Bozeman , Montana, Seattle, Chicago, Arlington , Virginia, Wichita, South Carolina, Washington

☆ Airlines are scrambling to fix the unsustainable crisis caused by too many cheap flights
▼ + stars: | 2024-07-18 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +5 min

Read previewIt may not feel like it, but there are a lot of cheap flights to be had this summer — and the influx of low-priced, often money-losing economy seats has airlines scrambling. "The unprofitable capacity is just not sustainable," United Airlines' chief commercial officer Andrew Nocella told investors Thursday. Low-cost airlines are bearing the brunt of the painDelta CEO Ed Bastian also questioned the long-term financial viability of the business strategy of low-cost carriers during the airline's earnings call last week. Delta CEO Ed Bastian, pictured onstage at CES in 2019, questioned the long-term viability of money-losing low-cost airlines. In addition, Alaska Airlines announced this week that it's retrofitting its Boeing 737 fleet to add 1.3 million first-class and premium economy seats annually.

Persons: —, Andrew Nocella, Scott Kirby, LOGAN CYRUS, Kirby, Nocella, CCO, Ed Bastian, Bastian, Steve Marcus Organizations: Service, United Airlines, Business, Bureau of Labor Statistics, Delta, CES, Reuters Southwest Airlines, Frontier, Polaris, Alaska Airlines, Boeing, Alaska Boeing, American Airlines Locations: Boeing's, Carolina, Alaska

☆ NASA is scrapping a moon rover that it spent $450 million to build
▼ + stars: | 2024-07-18 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewNASA is scrapping a moon rover it spent $450 million to construct, and axing the machine's mission to find water on the moon. The agency discontinued the development of VIPER — or Volatiles Investigating Polar Exploration Rover — because it proved exceedingly expensive. According to the Times, the agency would save at least $84 million by not conducting the testing and not having to operate the rover on the moon. Representatives for NASA did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Griffin, Griffin Lander, Joel Kearns, Nicola Fox, — Suni Williams, Butch Wilmore — Organizations: Service, NASA, Business, New York Times, Times, Astrobotic Technology Inc, Pittsburgh —, Boeing, Space, Business Insider Locations: Pittsburgh

☆ JD Vance’s populist persona leaves pro-worker groups skeptical
▼ + stars: | 2024-07-17 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —There’s a popular idea in political discourse known as the horseshoe theory. The idea is that if you map ideologies on a horseshoe-shaped spectrum, the far right and the far left are actually more closely aligned than the centrists on either side. Missouri Republican Sen. Josh Hawley is another young buck (44 is the new 24 in Congress) who’s all-in on Trump and positioning himself as an advocate for workers. “Pro-worker is raising the minimum wage, ensuring people get overtime, supporting paid sick and family leave,” Terri Gerstein, the Director of the NYU Wagner Labor Initiative, told CNN. “Playacting as working class by dressing up in jeans and acting aggrieved doesn’t do anything for real working people who are struggling.”

Persons: CNN Business ’, New York CNN —, we’ve, Ohio Republican Sen, JD Vance, —, Donald Trump’s, Vance, Reagan, Lina Khan, Biden, ” Vance, Wall, Massachusetts Democratic Sen, Elizabeth Warren, New York Times ’ Ross, Bernie Bros, ” Vance isn’t, Missouri Republican Sen, Josh Hawley, who’s, Hawley, –, Democrats –, ”, Rupert Murdoch, Ken Griffin, Trump, Liz Shuler, “ Sen, he’s, ” Terri Gerstein, NYU Wagner, “ Playacting Organizations: CNN Business, New York CNN, Ohio Republican, Yale, Silicon, Massachusetts Democratic, New York Times, GOP, Missouri Republican, Trump, Democrats, Time, ” Media, Washington Post, AFL, “, NYU, NYU Wagner Labor Initiative, CNN Locations: New York, Silicon Valley, Massachusetts, American

☆ MH17 passengers’ relatives mark 10 years since plane was shot down over Ukraine, killing 298
▼ + stars: | 2024-07-17 | by ( Story Associated Press | ) edition.cnn.com time to read: +5 min

AP —Relatives of passengers killed when Malaysia Airlines Flight 17 was shot down over Ukraine gathered with officials at Australia’s Parliament House on Wednesday to mark the 10th anniversary of the tragedy that claimed 298 lives. So in that sense, I’m heartbroken that the conflict continues,” Paul Guard told Australian Broadcasting Corp (ABC). Relatives of MH17 passengers join officials at Australia's Parliament House in Canberra. The investigation concluded the missile was driven into Ukraine from a Russian military base near the city of Kursk and returned there after the plane was shot down. Putin said through an interpreter that Ukrainians were all fascists, had brought down MH17 themselves and that Ukraine had no right to exist, Abbott said.

Persons: Paul, Roger, Jill Guard, ” Paul, fatefully, MH17, Mick Tsikas, Penny Wong, ”, “, ” Wong, recommit, Mark Dreyfus, we’ve, ” Dreyfus, Pierre Crom, Tony Abbott, Abbott, Vladimir Putin, Putin, ” Abbott, Russia Organizations: Malaysia Airlines, Paul Guard, ” Paul Guard, Australian Broadcasting Corp, Boeing, European, of Human, International Civil Aviation Organization Council, House, Australian, “, Australian Attorney, Australia, . Security, Aircraft Missile Brigade, Economic Cooperation, ABC Locations: Ukraine, Australia’s, Toowoomba, Russia, Soviet, Russian, Moscow, Ukrainian, Netherlands, Australia, Australia's, Canberra, Schiphol, Malaysian, Kuala Lumpur, Grabovo, Malaysia, Indonesia, United Kingdom, Belgium, Germany, Philippines, Canada, New Zealand, Vietnam, Israel, Italy, Romania, United States, South Africa, Kursk, Asia, Beijing, Australian

☆ Trump-Vance Administration Could Herald New Era for Dollar
▼ + stars: | 2024-07-16 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

Vance of Ohio to be his vice-presidential nominee pairs him with a kindred spirit on trade, taxes and a tough stance on China. But it is their shared affinity for a weak dollar that could have the most sweeping implications for the United States and the global economy. In most cases, Mr. Trump likes his policies to be “strong,” but when it comes to the value of the dollar, he has long expressed a different view. That’s because their money is worth so much less than the dollars that they need to make those purchases. “As your president, one would think that I would be thrilled with our very strong dollar,” Mr. Trump said in 2019, explaining that U.S. companies like Caterpillar and Boeing were struggling to compete.

Persons: Donald J, J.D, Vance of, Trump, Mr Organizations: Caterpillar, Boeing, Congressional Research Service Locations: Vance of Ohio, China, United States

☆ Defense stocks historically benefited from Republican control. Analysts warn this may not be the case under Trump
▼ + stars: | 2024-07-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Defense has historically outperformed when there's been a single party in control across Congress and the executive branch — in particular, the Republican Party, according to Wells Fargo analyst Matthew Akers. However, Akers believes the defense sector may not benefit if there's a Republican sweep this election cycle. Another two years of low growth for both defense and non-defense looks likely to us," Akers wrote in a Tuesday note. The firm said a Trump presidency is positive for the defense sector. The firm cited the Republican Party's platform, which highlights a "strong military," restoring peace and "made in America" defense systems.

Persons: there's, Wells, Matthew Akers, Donald Trump, Joe Biden, Akers, Trump, TD Cowen Organizations: GOP, Defense, Republican Party, Democrat, Republican, NATO, Ukraine, Caucus, China, Boeing, " Aircraft, Akers, U.S . Aerospace & Defense ETF, ITA Locations: Wells Fargo, U.S, China, America

☆ Elysian unveils fully electric 90-passenger plane
▼ + stars: | 2024-07-15 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +9 min

“You shouldn’t assume that an electric plane is going to look like the (most successful) planes of today,” de Vries says, adding that a common misconception is that electric planes should essentially be electrified versions of the lightest regional turboprops. What you end up with is a plane that in weight proportions, for example, looks much more like old 1960s jets. Israeli-founded Eviation has flight-tested its plane, called Alice – a fully electric nine-passenger commuter plane with a range of 250 nautical miles that the company aims to put into service in 2027. “There are over 5,000 aircraft in service today in the E9X’s size category of 70 to 100 seats,” he says. If Elysian can surmount the technology and infrastructure challenges, he adds, it will then face the commercial challenge of entering a fiercely competitive market.

Persons: it’s, Reynard de Vries, ” de Vries, de Vries, Vries, Rob Wolleswinkel, Elysian’s, ”, de, Daniel Rosen Jacobson, Jordi Huisman, Çınar, Eviation, Alice –, Gary Crichlow, Crichlow, ” Crichlow Organizations: CNN — Commercial, Elysian, Boeing, Airbus, Delft University of Technology, “, University of Michigan, Heart Aerospace Locations: Netherlands, de Vries, British, American

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