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☆ Southwest's new premium seats come with a catch for everyone else
▼ + stars: | 2024-09-26 | by ( Taylor Rains | Benjamin Zhang | ) www.businessinsider.com time to read: +4 min

Southwest Airlines introduces premium seating with extra legroom to boost revenue. Southwest said Thursday that about a third of its planes will get extra-legroom seats that boast at least five inches of extra pitch. Southwest is adding some typical industry perks to its planes, like inflight power and extra legroom seats. Southwest Airlines"On our larger aircraft, we didn't have to give up any seats," Southwest executive vice president for commercial transformation Ryan Green said during Thursday's Investor Day. AdvertisementIts future 737 Max 7 will have 48 extra legroom seats, also with 34 inches.

Persons: —, Ryan Green, you'd, Green, Max, Kevin Carter Organizations: Southwest Airlines, Service, Airlines, Boeing, Max, Southwest Airline Boeing, JetBlue Airways Locations: Southwest, Chicago

☆ Boeing workers paint a picture of chaos and dysfunction in NTSB investigation
▼ + stars: | 2024-08-06 | by ( Chris Isidore | Pete Muntean | ) edition.cnn.com time to read: +10 min

The worker said there was no special training to open, close, or remove a door plug versus a regular door. But there were problems with the rivets by the door plug that needed to be repaired, so the door plug was removed so the work could be done. There were Spirit employees at the Boeing plant, but communication between the Boeing and Spirit workers on the floor of the Boeing factory wasn’t good, according to another interview transcript released Tuesday. But there were problems with five rivets near where the door plug was installed, and Boeing workers removed the door plug in order to fix those rivets. Boeing’s mounting problemsBut the probe is only one of the problems Boeing faces because of the incident.

Persons: Max, ”, “, haven’t, Jennifer Homendy, Elizabeth Lund, Lund, Doug Ackerman, Homendy, ” Homendy, CNN’s Owen Dahlkamp, Danya Gainor, Celina Tebor, Nicki Brown, Ramishah Maruf Organizations: Washington CNN — Workers, Boeing, National Transportation, NTSB, FAA, Spirit, Alaska Airlines, Max, Airplanes ’, Boeing Commercial Airplanes, FBI, Federal Aviation Administration, Justice Department, DOJ Locations: United States, Renton , Washington, Alaska

☆ Boeing’s plan to fix the company could suggest major changes
▼ + stars: | 2024-05-30 | by ( Gregory Wallace | ) edition.cnn.com time to read: +3 min

It is unclear if Boeing will actually release its plans to the public; FAA chief Mike Whitaker is slated to speak about the Boeing plan later on Thursday. The plan is seen as a crucial step to rebuilding the safety culture and practices of the nation’s single largest exporter. Whitaker ordered the plan from Boeing after reviewing the findings of FAA auditors who visited the company’s 737 Max assembly line. The auditors were deployed in response to the January 5 door plug blowout on Alaska Airlines flight 1282, a months-old Max. The plan may be one of Boeing’s last major milestones under Calhoun, who announced in the wake of the blowout he would join other senior managers in leaving the company this year.

Persons: Dave Calhoun, Mike Whitaker, Dave Calhoun –, Whitaker, Max, Calhoun, ”, – Organizations: Washington CNN — Aircraft, Boeing, Federal Aviation Administration, FAA, CNN, Max, Alaska Airlines, National Transportation Safety Board Locations: Renton , Washington, Wichita , Kansas, Boeing’s Renton

☆ After a string of safety issues, Boeing is about to release a plan to fix its quality problems
▼ + stars: | 2024-05-29 | by ( Gregory Wallace | ) edition.cnn.com time to read: +5 min

Washington CNN —Boeing is expected to release a plan this week to fix its endless string of safety issues that have been under federal investigation following a midflight fuselage blowout in January. Since then, the FAA and Boeing have met multiple times about the company’s progress and the plan’s scope. FAA Administrator Mike Whitaker said last week he sees the plan as only the “beginning” of a process for Boeing. Boeing later agreed to financial penalties and a deferred prosecution agreement to settle a criminal charge of defrauding US regulators. Its marching orders for the plan include addressing the audit and expert panel findings and explaining how it will integrate safety and quality assurance policies into practice.

Persons: Mike Whitaker, “ It’s, ” Whitaker, Max, Dave Calhoun, David Ryder, Whitaker, AeroSystems, Brian West, “ We’re, we’ll Organizations: Washington CNN, Boeing, Aviation Administration, FAA, ABC, Air Force, Alaska Airlines, Transportation Safety, Department of Justice, CNN, Employees, “ Locations: Portland , Oregon, Wichita , Kansas, Renton , Washington

☆ Private equity finds its next bet: college admissions
▼ + stars: | 2024-04-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Now, private equity firms are swooping in to help while taking majority stakes in exchange. Last week, the company announced that it would partner with California-based private equity firm Nexus Capital Management and move its test into a for-profit company. A company owned by private equity can obfuscate what the company actually does to the public and potentially to regulators. Private equity firms “come into industries that are already suffering from a lack of funding,” said Creeks. They’ve had a lack of funding and support and so sometimes private equity is the only viable option.

Persons: New York CNN — It’s, Janet Godwin, “, ” Goodwin, ”, we’ve, Charlie Eaton, Goodwin, Critics, Constantine Yannelis, Rebecca Winthrop, They’ve, ” Powell, Jerome Powell, Powell, Bryan Mena, Chris Isidore, United, Max Organizations: CNN Business, Bell, New York CNN, ACT Inc, U.S ., ACT, Nexus Capital Management, ”, CNN, Nexus, Higher, University of California, ” Nonprofit, Nexus Capital, Savvas Learning Company, Private Equity, Project, University of Chicago Booth School of Business, Center for Universal Education, Brookings Institution, P Global Market Intelligence, College Board, Veritas Capital, “, Bank of Canada, Wilson, Fed, United, United Airlines, Boeing, Alaska Airlines, Federal Aviation Administration Locations: New York, Iowa, California, Merced, Canada

☆ United Airlines slashes 2024 aircraft delivery plan as Boeing crisis leads to delays
▼ + stars: | 2024-04-16 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

United Airlines on Tuesday cut its aircraft-delivery expectations for the year as it grapples with delays from Boeing , the latest airline to face growth challenges because of the plane-maker's safety crisis. "We've adjusted our fleet plan to better reflect the reality of what the manufacturers are able to deliver," CEO Scott Kirby said in an earnings release. In January, United said it was taking Boeing's not-yet-certified Max 10 out of its fleet plan. The airline said it has converted some Max 10 planes for Max 9s. United is also facing a Federal Aviation Administration safety review, which has prevented some of its planned growth.

Persons: Scott Kirby, United, Boeing's, Max, Max 9s Organizations: Airlines, Boeing, Airbus A321neos, Max, Federal Aviation Administration, CNBC, FAA, Alaska Airlines, United, Revenue Locations: U.S, Newark , New Jersey, Faro, Portugal, Tokyo, Cebu, Philippines, Southwest

☆ Boeing’s problems just cost United $200 million
▼ + stars: | 2024-04-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

The company took a $200 million hit in the first quarter after the Boeing 737 Max 9 was grounded following the door plug incident aboard an Alaska Airlines flight. Boeing’s publicity woes and the grounding of the jets weren’t the only way that the airplane manufacturer hurt United. United now says it no longer expects the Boeing 737 Max 10, the latest and longest version of the Boeing 737, to be delivered this year. With questions about the quality and safety of Boeing jets, the certification has likely been pushed back to at least 2025. Of more concern to Boeing, United also said Tuesday that it has reached agreements with two lessors to lease 35 new Airbus A321neos, a 737 Max competitor.

Persons: Max, Scott Kirby, United Organizations: New, New York CNN — United Airlines, Boeing, Alaska Airlines, Federal Aviation Administration, FAA, United, Airbus, Revenue Locations: New York, United

☆ Boeing's CEO and other executives are out after a string of crises. Here's a roundup of recent issues.
▼ + stars: | 2024-03-25 | by ( Graham Rapier | Taylor Rains | ) www.businessinsider.com time to read: +1 min

737 Max 9 blowoutA gaping hole where the paneled-over door had been on Alaska Airlines Flight 1282. NTSB/APIn January, a Max 9 door plug blew out on an Alaska Airlines flight that took off from Portland, Oregon. Boeing's CEO, Dave Calhoun, hosted an all-hands meeting with employees shortly after the incident. "We're going to approach this, number one, acknowledging our mistake," Calhoun said at a 737 Max factory in Washington, according to multiple media outlets. Less than two weeks before that episode, Boeing had asked airlines to inspect all its 737 Max planes for loose bolts.

Persons: Max, Dave Calhoun, Calhoun, he's, — Organizations: Max, Alaska Airlines, AP, Regulators, United Airlines, Federal Aviation Administration, Boeing's, Boeing Locations: Portland , Oregon, Alaska, United, Washington

☆ Retail traders are making some surprising moves in the latest week
▼ + stars: | 2024-03-14 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Retail traders bought billions of dollars worth of cash equities over the past week on net, according to data compiled by JPMorgan's Peng Cheng. With those gains, he said traders bought into Apple and Alphabet , which have both largely sat out of the broader market rally this year. By comparison, investors bought more than half a billion dollars of Alphabet when accounting for outflows. Neither tech stock made the list of top 25 securities by retail net inflows in the previous week. Outside of big tech, Cheng noted that retail investors snapped up shares of beat-down Boeing , which is facing a crisis surrounding its 737 Max 9s after a door panel blew out midflight.

Persons: JPMorgan's Peng Cheng, Cheng, SPX, Max, LSEG Organizations: Retail, Nvidia, Meta, Apple, Trust, outflows, Boeing, Dow Jones, Broadcom, Costco Locations: Japan

☆ Airline tickets could get more expensive amid the Boeing 737 Max fallout
▼ + stars: | 2024-03-13 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Executives from several US carriers have expressed doubt about the Boeing 737 Max delivery schedule. Southwest expects 42% fewer jets this year, while United told Boeing to stop making the Max 10. AdvertisementCustomers may soon feel the impact of the Boeing 737 Max blowout as airlines face uncertainty about their future fleets. The airline also said it doesn't expect to receive any of the yet-to-be-certified Max 7s this year and removed them from its 2024 plan. Airlines may look to Airbus to grow their fleetsThe Airbus A320neo competes with the Boeing 737 Max.

Persons: —, Max, Scott Kirby, Ed Bastian, Bastian, Richard Aboulafia, Michael O'Leary, Henry Harteveldt, Harteveldt, Kirby Organizations: Boeing, Max, Southwest, United, Service, Alaska Airlines, Delta Air Lines, Southwest Airlines, United Airlines, Bloomberg, JPMorgan, Delta Air, Ryanair, Airbus —, Airbus, Frontier Airlines, Spirit Airlines, Reuters Locations: Alaska, Delta

☆ Boeing's Max problems shift growth plans at major airline customers
▼ + stars: | 2024-03-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

An aerial photo shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019. Boeing 's latest Max crisis is forcing some of its biggest customers to rethink their growth plans this year — and possibly beyond, several airline CEOs said Tuesday. "Boeing needs to become a better company and the deliveries will follow that," Southwest Airlines CEO Bob Jordan said at a JPMorgan industry conference Tuesday. In January, Kirby said the airline would build a fleet plan without the Max 10 because of the delays. On Friday, United told staff that it would have to pause pilot hiring this spring because new Boeing planes are arriving late, CNBC reported.

Persons: Bob Jordan, Scott Kirby, Max, Kirby, United, Dave Calhoun, Stan Deal, Deal Organizations: Boeing, Max, Boeing Factory, Southwest Airlines, Southwest, JPMorgan, Alaska Airlines, Federal Aviation Administration, Department, United Airlines, FAA, CNBC, Transportation Safety Locations: Renton , Washington, Washington

☆ FAA gives Boeing 90 days to come up with a plan to address quality issues
▼ + stars: | 2024-02-28 | by ( Gregory Wallace | ) edition.cnn.com time to read: +2 min

CNN —Boeing must produce within 90 days a plan to fix serious quality and safety issues, the Federal Aviation Administration said on Wednesday. The agency said FAA Administrator Mike Whitaker and Boeing CEO Dave Calhoun held a day-long meeting on Tuesday where Whitaker made the demand. The FAA said the Boeing plan must address weaknesses in implementing the company’s Safety Management System, known as SMS, as well as integrating the SMS program with another quality program. Anna Moneymaker/Getty Images North America/Getty ImagesThe panel that reported on Boeing’s safety shortcomings on Monday recommended the company address those issues within six months; the FAA’s new directive sets a faster timeline. The resulting plan from Boeing must lead to a “measurable, systemic shift in manufacturing quality control,” the FAA said.

Persons: Mike Whitaker, Dave Calhoun, Whitaker, Sen, Mark Warner, Anna Moneymaker, Max, CNN’s Chris Isidore Organizations: CNN, Boeing, Federal Aviation Administration, FAA, Max, company’s, Management, SMS, Capitol, North Locations: Washington , DC, North America

☆ CNBC Daily Open: Is progress on inflation stalling?
▼ + stars: | 2024-02-19 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 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. China stocks riseAsia markets were mixed Monday as Chinese stocks climbed on the back of positive travel data, while Hong Kong stocks dropped. The CSI 300 gained as trading resumed after the Lunar New Year holidays and the Hang Seng index fell. [PRO] Bullish on equitiesMorgan Stanley has a positive outlook on equity markets despite some concerns over valuations.

Persons: Max, Morgan Stanley, Andrew Slimmon Organizations: CNBC, CSI, Dow, Nasdaq, U.S . Federal, Korean, Boeing, Airbus, Sony, PlayStation Locations: China, Asia, Hong Kong, U.S, Singapore

☆ With no Boeing passenger jets at the Singapore Airshow, Airbus and China take centerstage
▼ + stars: | 2024-02-19 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. SINGAPORE — Boeing will not be bringing any commercial planes to the Singapore Airshow, shifting the spotlight for passenger jets to rival Airbus as well as China's homegrown offering. While there will be aerial displays of commercial liners by Airbus and China's domestic jetliner Comac C919, Boeing will not have any commercial aircraft at the air show. While no commercial jets will be featured, Boeing will still be holding a cabin display of its wide-body 777X passenger plane, which the company claims is the world's largest twin-engine jet. This is the first major international aerospace event since the blowout last month, which pushed Boeing into another safety crisis after the U.S. safety regulators ordered the temporary grounding of more than 170 Boeing 737 Max 9 planes.

Persons: Max, Lockheed Martin, Thales, scuffling Organizations: Boeing, Boeing Factory, SINGAPORE — Boeing, Singapore, Airbus, U.S . Air Force, Lockheed, Dassault, SAAB, Leonardo, Max, Alaska Airlines Locations: Renton , Washington , U.S, SINGAPORE, Portland , Oregon

☆ Tax refund season could boost these stocks favored by small investors
▼ + stars: | 2024-02-15 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

The Bank of America traders put together a basket of stocks that proxy the most retail participation. Which stocks do small traders love Take a look at some of the stocks in Bank of America's list of retail investor-favorite proxies. Nvidia shares have rallied nearly 19% this month ahead of its earnings release Feb. 21. NVDA 1Y mountain Nvidia shares over the last 12 months AMD shares have also doubled over the last 12 months. However, this year has been a different story for the stock; shares took a large hit after the company's first-quarter forecast fell short of investors' expectations.

Persons: Tesla, Max, — CNBC's Michael Bloom Organizations: Bank of America, Bank of, Dow Jones, AMD, Nvidia, of, Wall, Boeing, Alaska Airlines Locations: Bank

☆ Boeing orders, deliveries dry up in January as plane-maker grapples with latest Max crisis
▼ + stars: | 2024-02-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. The company handed over 27 planes last month, its lowest tally since September, compared with 67 deliveries in December. It sold three Boeing 737 Max planes, but also logged three cancellations. The three gross orders come after a big December when Boeing sold 371 planes. Boeing's January deliveries included three Max planes to Chinese customers, the first in about four years.

Persons: Max, Dave Calhoun, Calhoun, Mike Whitaker, Whitaker Organizations: Boeing, Boeing Factory, Airbus, Alaska Airlines, National Transportation Safety, Federal Aviation Administration, FAA, CNBC Locations: Renton , Washington , U.S, Portland , Oregon, Renton , Washington, Renton

PORTLAND, Ore. (AP) — A “whistling sound” was heard on a previous flight of the Boeing 737 Max 9 whose door plug blew out during an Alaska Airlines flight last month, an attorney representing passengers in a lawsuit said in new court documents. On Wednesday, he filed an amended complaint that adds 18 additional passenger plaintiffs and includes the new allegations concerning the previous flight. He did not specify who they were and declined to confirm whether they were passengers or crew members on the previous flight. He also declined to specify when the previous flight occurred. She cautioned, however, that the pressurization light might be unrelated to the door plug blowout.

Persons: Mark Lindquist, Lindquist, “, ”, Max, Jennifer Homendy Organizations: Boeing, Max, Alaska Airlines, Court, Associated Press, AP, National Transportation Safety, NTSB, Alaska, Federal Aviation Administration Locations: PORTLAND, Portland , Oregon, Washington state's King County, Max, Alaska, United

☆ Premarket stocks: US companies are still worried about an economic shock
▼ + stars: | 2024-02-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

A version of this story first appeared in CNN Business’ Before the Bell newsletter. But America’s publicly traded companies are flashing a key sign of economic uncertainty — they’ve been hoarding cash. And companies with existing and expensive debt in a high-interest rate environment would likely want to use their cash to pay it down. “We interpret this correlation as evidence that cash reserves act like insurance against sudden economic shocks,” wrote the researchers. The missing bolts are apparently not the only problem.

Persons: America’s, ” Vijay Govindarajan, ”, Dartmouth’s Govindarajan, Anup Srivastava, Chandrani Chatterjee, Max, Jennifer Homendy, Homendy, Evan Spiegel, Tuesday’s, Read Organizations: CNN Business, Bell, New York CNN, CNN, Moody’s Investors, Dartmouth’s Tuck School of Business, University of Calgary’s Haskayne School of Business, University of Texas, JPMorgan, NTSB, Boeing, National Transportation Safety, Max, Alaska Airlines, United Airlines, Wall Street, Meta Locations: New York, Ukraine, Arlington, Alaska, Oregon, ”

WASHINGTON (AP) — The new chief of the Federal Aviation Administration says the agency will use more people to monitor aircraft manufacturing and hold Boeing accountable for any violations of safety regulations. FAA Administrator Mike Whitaker is expected to face a barrage of questions Tuesday about FAA oversight of the company since a door panel blew off a Boeing 737 Max 9 jetliner over Oregon last month. Separately, investigators with the National Transportation Safety Board are expected to release a preliminary report on the Jan. 5 incident as early as Tuesday. After the incident on the Alaska jet, the FAA grounded most Max 9s for three weeks until panels called door plugs could be inspected. FAA also said it won't let Boeing increase the production rate of new Max jets until it is satisfied with the company's safety procedures.

Persons: Mike Whitaker, Whitaker, Max, Whitaker's Organizations: WASHINGTON, Federal Aviation Administration, Boeing, Max, National Transportation Safety, Transportation, FAA, Alaska Airlines Max, Alaska, Sunday Locations: Oregon, Indonesia, Ethiopia, Arlington , Virginia

Bolts that helped secure a panel to the frame of a Boeing 737 Max 9 were missing before the panel blew off the Alaska Airlines plane last month, according to accident investigators. The report included a photo from Boeing, which worked on the panel, which is called a door plug. In the photo, three of the four bolts that prevent the panel from moving upward are missing. The investigators said that the lack of certain damage around the panel indicates that all four bolts were missing before the plane took off from Portland, Oregon. A text between Boeing employees who finished working on the plane after the rivets were replaced included the photo showing the plug with missing bolts, according to the report.

Persons: David Calhoun, ” Investigators, Max, Michael Whitaker, —, “ what’s Organizations: Boeing, Max, Alaska Airlines, National Transportation Safety, Pilots, NTSB, ”, Alaska, United Airlines, Federal Aviation Administration, FAA, Spirit Locations: Portland , Oregon, Boeing’s, Seattle, Alaska

☆ We’re about to get investigators’ first report on the Alaska Airlines flight whose door plug blew off
▼ + stars: | 2024-02-06 | by ( Pete Muntean | ) edition.cnn.com time to read: +2 min

CNN —The National Transportation Safety Board will release its preliminary report Tuesday on last month’s blowout of a part of an Alaska Airlines Boeing 737 Max 9 flight, NTSB spokesman Eric Weiss told CNN. On a January 5 Alaska flight 1282, the door plug blew off the side of the plane. The door plug fills a space in the fuselage that can otherwise contain an emergency exit door when plane seats are arranged a certain way. CNN has reported that NTSB investigators have been closely scrutinizing the door plug and whether crucial bolts that hold it in place were properly installed when the incident occurred. Meanwhile, the head of the Federal Aviation Administration will tell House lawmakers Tuesday that his agency is “closely scrutinizing” Boeing after last month’s door plug blowout.

Persons: Eric Weiss, Mike Whitaker, Whitaker, “, ” Whitaker, ” Organizations: CNN, Transportation, Alaska Airlines Boeing, Max, Federal Aviation Administration, Boeing, NTSB, FAA Locations: Alaska, United States, Renton , Washington

Boeing reported another problem with fuselages on its 737 jets that might delay deliveries of about 50 aircraft in the latest quality gaff to plague the manufacturer. Boeing Commercial Airplanes CEO Stan Deal said in a letter to Boeing staff seen Monday that a worker at its supplier discovered misdrilled holes in fuselages. Spirit AeroSystems, based in Wichita, Kansas, makes a large part of the fuselages on Boeing Max jets. Alaska Airlines and United Airlines have begun returning some to service. Boeing, based in Renton, Washington, said last week it was withdrawing a request for a safety exemption needed to certify a new, smaller model of the 737 Max airliner.

Persons: Stan Deal, Deal, Max Organizations: Boeing, Boeing Commercial, Boeing Max, Alaska Airlines, Federal Aviation Administration, United Airlines, airline, FAA Locations: fuselages, Wichita , Kansas, Portland , Oregon, U.S, Renton , Washington

☆ Boeing Finds More Problems with 737 Max, Risking Delivery Delays
▼ + stars: | 2024-02-05 | by ( Melissa Eddy | More About Melissa Eddy | ) www.nytimes.com time to read: +1 min

Boeing said that a new problem with the fuselages of some unfinished 737 jets would force the company to rework about 50 planes, potentially delaying their delivery and raising further concerns about quality control at the manufacturer and its suppliers. Stan Deal, the chief executive of Boeing’s commercial plane unit, said in a memo to employees on Sunday that a supplier last wee had identified that “two holes may not have been drilled exactly to our requirements.” It did not name the supplier. The issue was “not an immediate flight safety issue and all 737s can continue operating safely,” Mr. Deal said. He added that all 737s currently in use could continue flying. The new problems were another setback for Boeing, which has been under pressure from regulators, investors and its airline customers since Jan. 5, when a panel on a 737 Max 9 jet operated by Alaska Airlines blew out mid-flight, forcing an emergency landing and the grounding of Max 9s in the United States.

Persons: Stan Deal, ”, Deal, Max Organizations: Boeing, Alaska Airlines Locations: United States

☆ Jim Cramer's top 10 things to watch in the stock market Wednesday — tech earnings edition
▼ + stars: | 2024-01-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

We raised our Club price target on Microsoft to $450 per share from $400 following Tuesday's after-the-bell earnings. We increased our Club price target on Alphabet to $160 per share from $140. However, we lowered our Club price target to $115 per share from $125 to reflect the challenges ahead. The slide in Alphabet increased our Club price target on Alphabet to $160 per share from $140. Dow stock Walmart 3-for-1 stock split as shares stand a couple of dollars below all-time high of nearly $170 each.

Persons: what's, Jerome Powell, I've, Max, Tesla, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Dow, Federal Reserve, ADP, Microsoft, Google, Starbucks, Devices, Club, Nvidia, AMD, Boeing, Walmart, Elon Musk's, Twitter, Jim Cramer's Charitable, CNBC, Micro, Tesla

☆ Boeing is set to report fourth-quarter results in the shadow of 737 Max 9 crisis
▼ + stars: | 2024-01-31 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing on Wednesday is set to report fourth-quarter results and answer to investors eager to hear how a midair blowout on one of the plane maker's new 737 Max 9s could reverberate through the aviation industry in the months, if not years, ahead. The effect of that accident and subsequent fallout won't be felt in Wednesday's earnings results but will likely be mentioned in Boeing's outlook. Federal investigators are examining whether the door plug was improperly installed before the Max 9 plane was handed off to Alaska Airlines late last year. The Boeing 737 Max is the company's best-selling plane. The company had the first of several production stand-downs last week to discuss with workers manufacturing problems and other potential improvements to Boeing's processes.

Persons: Max, Dave Calhoun, Calhoun Organizations: Boeing, LSEG, Alaska Airlines, company's, Airbus, Federal Aviation Administration, Max, Capitol Locations: Alaska, Portland , Oregon

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