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The S&P 500 is likely to fall at least 5% in the coming months, one strategist predicted. CFRA's Sam Stovall said a pullback tends to follow a great first quarter for the benchmark index. On the bright side, Stovall said the S&P's full-year gain is usually over 20% after a stellar start. AdvertisementBrace for stocks to take a breather and retreat by at least 5% after a breathless start to the year, one strategist warned. The S&P 500 surged by more than 10% in the first quarter.
Persons: CFRA's Sam Stovall, Stovall, , Brace, Sam Stovall, CFRA Organizations: Service, Nvidia, Microsoft, Yahoo Finance, Wall Street, CFRA Locations: Friday's
At an April 17 hearing Boeing engineer Sam Salehpour testified that Boeing is putting out defective planes because he and others who complain faced pressure not to do so. Calhoun has already met with members of Congress since the Alaska Air incident, albeit behind closed doors. He has also made numerous public statements to Boeing employees and to investors since the Alaska Air incident. But the January 5 incident aboard the Alaska Air flight happened just days before the end of the probationary period. Boeing has denied the Alaska Air incident violated the deferred prosecution agreement and is challenging any potential criminal liability in court.
Persons: Dave Calhoun, We’ve, Stephen Brashear, Calhoun, Howard McKenzie, Boeing’s, Sam Salehpour, ” Salehpour, ” Calhoun, , , Richard Aboulafia, “ I’m, Calhoun’s, Max Organizations: Washington DC CNN, Boeing, Alaska Air Boeing, Max, Federal Aviation Administration, Getty, Consultancy, Alaska Air, Alaska Airlines, Alaska Airlines ’, Department Locations: Renton , Washington, Alaska, Indonesia, Ethiopia
Lauren Hoselton scored over 20 NIL sponsorship deals as a student-athlete at Ole Miss. She's now a VP at the Grove Collective and helps college athletes at her alma mater get NIL deals. So I told myself to get creative and use my entrepreneurial mindset to make money off NIL. From there, I continued to hustle and use platforms such as LinkedIn and the marketplace Opendorse to get NIL deals. I pitched myself to managers in my college town to secure as many brand deals as possible.
Persons: Lauren Hoselton, She's, , Ole Miss, I've, I'm, Bill Dabney, They'd Organizations: Ole Miss, Grove, Service, University of Mississippi, Delta Air Lines, Lauren Hoselton Consulting, University of South Locations: University of South Florida, Grove
CNN —Chinese Premier Li Qiang’s four-day visit to Australia this week was set to be focused on repairing long-strained relations between the two countries. But apparent efforts by Chinese officials to stand in front of an Australian reporter during a press briefing have shone a spotlight back on frictions between the countries. Beijing has also long been condemned by Western nations and rights groups for wrongful and arbitrary detentions. 2 official, to Australia is the highest-level trip to a US-allied country of any Chinese official in seven years. Speaking alongside Li following the signing ceremony, Albanese called the visit “another important step in stabilizing” the relationship.
Persons: Li Qiang’s, Cheng Lei, Li, Anthony Albanese, Cheng, I’m, ” Cheng, Albanese, , Yang Hengjun, Yang, Li Qiang, Lukas Coch, ” Li, Scott Morrison Organizations: CNN, Sky News Australia, Australian, Sky News, Guardian, Daily Telegraph, CGTN, Australia's, AP Pandas, Sunday, Adelaide Zoo, New Zealand Locations: Australia, China, Canberra, Beijing, Australian, US, , New, Chinese
The Airbus A320 airliner that ditched in the Hudson River in 2009 is now an aviation artifact. None of the 155 passengers and crew died during the "Miracle on the Hudson" crash. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn January 15, 2009, a fully loaded US Airways Airbus A320 plane ditched into the Hudson River after a bird strike caused both engines to fail. The accident has since been described as the "Miracle on the Hudson" because none of the 155 passengers and crew onboard died.
Persons: , Captain Chesley, Sully, Sullenberger, Jeffrey Skiles Organizations: Airbus, Sullenberger Aviation Museum, Service, US, Business Locations: Hudson
Read previewIf there is one place Ukraine is winning in the war against Russia, it's Crimea, experts say. Ukrainians have since referred to the Black Sea peninsula as "occupied Crimea," and Zelenskyy has continually stated that any peace agreement must see it returned to Ukraine. Meanwhile, Ukraine, which lost its traditional naval fleet during the annexation of Crimea, has targeted Russia's Black Sea fleet with great success using sea drones. Ukraine even claimed to have sunk the Black Sea Fleet's flagship, the Moskva. "Crimea allows for power projection over the rest of the Black Sea.
Persons: , Volodymyr Zelenskyy, Vladimir Putin, Olga Khvostunova, ", Zelenskyy, Elina Beketova, Russia's, VASILY MAXIMOV, Maria Snegovaya, Beketova, Putin, Dmitry Pletenchuk, OLGA MALTSEVA, Catherine the Great, Snegovaya, Alexei Volkov, DVIDS Frederik Mertens, Ukraine's, Budanov Organizations: Service, Business, Eurasia, Foreign Policy Research, Federal Assembly, NATO, Centre for, Fleet, Getty, Center for Strategic, Studies ', Eurasia Program, Black, Ukraine, Security, Anadolu Agency, Directorate of Intelligence, Guardian, UK Ministry of Defence, MoD, Getty Images, National Union of Hospitality Industries, Reuters, Wing Public Affairs, Hague, Strategic Studies Locations: Ukraine, Russia, it's Crimea, Crimea, Sevastopol, Moskva, AFP, Studies ' Europe, Kerch, Ukraine's, Ukrainian, Rostov, Crimean, Russian, Saki
This week, a judge signed off on Do Kwon and his bankrupt Terraform Labs settling with the U.S. Securities and Exchange Commission for $4.5 billion. This comes after a jury unanimously found Kwon and his company liable for securities fraud following less than two hours of deliberation. But investors piled in anyway, giving luna and UST a combined market value of almost $40 billion at one point. Terraform and Kwon fought our efforts to investigate – taking a fight over investigative subpoenas all the way to the Supreme Court. They are Caroline Ellison, the Alameda Research CEO who at one time dated Bankman-Fried; FTX engineering chief Nishad Singh; and Gary Wang, the co-founder and chief technology officer of FTX.
Persons: Kwon, Woohae Cho, Sam Bankman, Changpeng Zhao, Luna, atoning, Alex Mashinsky, Wall, Stevo Vasiljevic, Reuters Kwon, He's, Satoshi Nakamoto, Elon Musk, Mike Novogratz, Gary Gensler, , Fried, Fatih Aktas, Lewis Kaplan, Kaplan, Bankman, convicting, Prosecutors, Ryan Salame, Caroline Ellison, Nishad Singh, Gary Wang, FTX, Jason Redmond, Zhao, Richard Jones, , Binance, Justin Sullivan Organizations: Terraform Labs, Bloomberg, Getty, U.S, Forbes, Arrows Capital, Voyager, U.S . Securities, Exchange Commission, Labs, U.S . Justice Department, Futures Trading Commission, Treasury Department, bitcoin, BlackRock, Fidelity, Reuters, terraUSD, UST, Traders, Twitter, SEC, Supreme, Anadolu Agency, Alameda Research, ., Republicans, Bankman, AFP, of Prisons, District, Bank, DOJ, CFTC, Treasury, Binance, New, Commercial Bank Locations: U.S, Balkans, Podgorica, Montenegro, Singapore, Dubai, Serbia, Balkan, South Korea, United States, lockstep, New York, Manhattan, Seattle, Lompoc , California, Binance
Components of the Dwight D. Eisenhower Carrier Group steam in formation with the Italian navy in the Red Sea on June 7. A fighter jet parks on the deck of the USS Dwight D. Eisenhower in the Red Sea on June 11. Elements of the Eisenhower strike group have already left the Red Sea once to be rearmed and resupplied, and the Pentagon recently extended its monthslong deployment for a second time. A fighter jet is launched from the USS Dwight D. Eisenhower during a strike against Houthi military targets in Yemen on Feb. 3. A commercial ship in the Red Sea in March.
Persons: , they've, Dwight D, Navy Carlos Del Toro, What's, Eisenhower, Bernat, National Intelligence Avril Haines, Joseph Votel, John Kirby, Jorge LeBaron, Haines, Biden, Brian Finucane, Finucane, Votel, Mohammed Hamoud, That's, Nadimi Organizations: Service, US Navy, Business, Washington, Eisenhower Carrier Group, Eisenhower Carrier Strike, Ike, Navy, Pentagon, US Central Command, AP, National Intelligence, White House National Security Council, BI, Handout, US, Crisis, US State Department, Screengrab, Ministry of Defense, Defense Intelligence Agency, Galaxy Leader, The Washington Institute for Near East Locations: Gulf of Aden, Yemen, Saudi Arabia, Israel, Western, Africa, Gaza, Persian, Bab, Red
The crash site was never found, but over the years she held out hope it would be uncovered, steadily accumulating newspaper clippings and documents related to the case. There was no mayday or communication from the jet, Kozak says. Courtesy Garry KozakKozak first learned of the plane crash from a friend in the 1980s. Now that the crash site was found, the National Transportation Safety Board will make its evaluation to confirm it’s the right aircraft. While the crash site may have been found, it’s important to the passengers’ children the next generation also knows about their fathers.
Persons: Kristina Nikita Coffey, Barbara Nikitas, searcher, George Nikita, Garry, ” Nikitas, Nikita Coffey, , , “ I’ve, Garry Kozak, Kozak, Donald Myers, Robert R, Williams, Frank B, Wilder, Kirby Windsor ., Garry Kozak Kozak, ” Kozak, I’ve, Frank K, ” Wilder, Nikitas, Charles C, Robert Williams, III, ” Williams, That’s, “ It’s, it’s, ” Nikita Coffey, Peter C, Knudson Organizations: CNN, National Transportation, Federal Aviation Administration, NTSB Locations: Lake Champlain, Vermont, Burlington , Vermont, Providence , Rhode Island, Juniper, Burlington
CNN —When the sun unleashed an extreme solar storm and hit Mars in May, it engulfed the red planet with auroras and an influx of charged particles and radiation, according to NASA. Solar radiation hits MarsThe most extreme storm occurred on May 20 after an X12 flare released from the sun, according to data collected by the Solar Orbiter spacecraft currently studying the sun. The Curiosity rover, currently exploring Gale Crater just south of the Martian equator, took black-and-white images using its navigation cameras during the solar storm. But Mars lost its magnetic field billions of years ago, which means the planet has no shield from incoming energized solar particles. By tracing the data from multiple Martian missions, scientists were able to watch how the solar storm unfolded.
Persons: Gale, , , Don Hassler, ” Auroras, Mars, Deborah Padgett, MAVEN, Christina Lee Organizations: CNN, NASA, Solar Orbiter, Goddard Space Flight, Mars, Caltech, JPL, Southwest Research, Exploration, Jet Propulsion Laboratory, University of California, Space Sciences Laboratory Locations: Northern California, Alabama, Greenbelt , Maryland, Boulder , Colorado, Pasadena , California
Edward C. Stone, the visionary physicist who dispatched NASA’s Voyager spacecraft to run rings around our solar system’s outer planets and, for the first time, to venture beyond to unravel interstellar mysteries, died on Sunday at his home in Pasadena, Calif. His death was confirmed by his daughter Susan C. Stone. Inspired by the launch of the Soviet satellite Sputnik in 1957, while he was a college student, Dr. Stone went on to oversee the Voyager missions 20 years later for the Jet Propulsion Laboratory, which the California Institute of Technology manages for NASA. Twin spacecraft, Voyager 1 and Voyager 2 were launched separately in the summer of 1977 from Cape Canaveral, Fla. Almost five decades later, they are continuing their journeys deep into space and still collecting data.
Persons: Edward C, NASA’s, Susan C, Stone Organizations: Soviet, Jet Propulsion Laboratory, California Institute of Technology, NASA Locations: Pasadena , Calif, Cape Canaveral, Fla
New York CNN —Titanium that was distributed with fake documentation has been found in commercial Boeing and Airbus jets. Now the Federal Aviation Administration, the aircraft manufacturers and supplier Spirit AeroSystems are investigating whether those components pose a safety hazard to the public. The FAA and Boeing confirmed that they are investigating the matter. Boeing said the questionable parts come from a limited set of suppliers, and tests performed to date have indicated that the correct titanium alloy was used. Airbus has also had problems with some of the engines that have grounded some of its planes owned by different airlines.
Persons: , Joe Buccino, Organizations: New, New York CNN, Boeing, Airbus, Federal Aviation Administration, New York Times, Times, FAA, Spirit, Max, “ Boeing, Alaska Airlines Locations: New York
A Boeing 737 Max has been out of service since May 25. The Southwest Airlines jet encountered a rare stability problem called a Dutch roll. AdvertisementA Boeing 737 Max has been out of service for 20 days as officials investigate an in-flight incident. The Southwest Airlines jet was flying from Phoenix to Oakland on May 25 when it ran into a rare but potentially serious problem. The video below shows an aircraft (not the Southwest 737 Max) experiencing a Dutch roll:Luckily, in the Southwest incident, pilots regained control of the 737 Max.
Persons: Max, Organizations: Boeing, Southwest Airlines, Service, Federal Aviation Administration, Business, Pilots, Southwest, Max, FAA, Alaska Airlines Locations: Phoenix, Oakland, Dutch, Everett , Washington, Southwest
Amid the whirlwind of activity, the 51-year old, Israel-born executive has presented himself as a real estate visionary with a personal preference for all-black attire and a taste for luxury brands. BVK recently hired the residential brokerage firm Corcoran Group to complete a market study of the Fifth Avenue project, a person who viewed the report said. Miller noted he did not have direct knowledge of the situation at 685 Fifth Avenue. At 685 Fifth Avenue, he recently marked down prices for some of the units. In contrast, the Shore Club, which is being built by the New York real estate developer Steve Witkoff just a few hundred yards away from the Raleigh has pre-sold briskly.
Persons: , Michael Shvo, Shvo, Peter Marino, Norman Foster, Renzo Piano, BVK, Corcoran, Jonathan Miller, Miller Samuel, Miller, Pam Liebman, Corcoran's, Truist, Michael Lirtzman, Akuna, Lirtzman, I've, Scott Wadler, Wadler, Jed Jacobsohn, John Goodman, Diane, , Goodman, profanely, Serdar, Shvo's, Bilgili, Deutsche Finance didn't, Alex Miranda, I'm, Steve Witkoff, Morgan Chase Organizations: Service, Bayerische, Deutsche Finance, Business, GFI, Group, Shvo, Wabash, Akuna, Colliers, Wabash –, Raleigh, Core, New York State, Noë, Associates, West, Bilgili, BVK, Shore Club, New Locations: New York, Manhattan's Plaza, Los Angeles, Miami Beach, Raleigh, Israel, Wilshire, LA, Manhattan, Chicago, Miami, Paris, South Florida, San Francisco, Manhattan's, Turkish, BVK, Wabash, Shvo, Munich
Amid the whirlwind of activity, the 51-year old, Israel-born executive has presented himself as a real estate visionary with a personal preference for all-black attire and a taste for luxury brands. BVK recently hired the residential brokerage firm Corcoran Group to complete a market study of the Fifth Avenue project, a person who viewed the report said. Miller noted he did not have direct knowledge of the situation at 685 Fifth Avenue. At 685 Fifth Avenue, he recently marked down prices for some of the units. In contrast, the Shore Club, which is being built by the New York real estate developer Steve Witkoff just a few hundred yards away from the Raleigh has pre-sold briskly.
Persons: , Michael Shvo, Shvo, Peter Marino, Norman Foster, Renzo Piano, BVK, Corcoran, Jonathan Miller, Miller Samuel, Miller, Pam Liebman, Corcoran's, Truist, Michael Lirtzman, Akuna, Lirtzman, I've, Scott Wadler, Wadler, Jed Jacobsohn, John Goodman, Diane, , Goodman, profanely, Serdar, Shvo's, Bilgili, Deutsche Finance didn't, Alex Miranda, I'm, Steve Witkoff, Morgan Chase Organizations: Service, Bayerische, Deutsche Finance, Business, GFI, Group, Shvo, Wabash, Akuna, Colliers, Wabash –, Raleigh, Core, New York State, Noë, Associates, West, Bilgili, BVK, Shore Club, New Locations: New York, Manhattan's Plaza, Los Angeles, Miami Beach, Raleigh, Israel, Wilshire, LA, Manhattan, Chicago, Miami, Paris, South Florida, San Francisco, Manhattan's, Turkish, BVK, Wabash, Shvo, Munich
Here, America no longer presents itself as the confident guarantor of security, a trust-us-we’ve-got-this superpower. The terrain is too vast, China’s rise too great a threat. So the United States has been offering to be something else — an eager teammate for military modernization and tech development. “In the past, our experts would talk about a hub-and-spokes model for Indo-Pacific security,” Defense Secretary Lloyd J. Austin III said this month at a global defense conference in Singapore. “Today we’re seeing something quite different.”In this new era, many countries are doing more, on their own and with U.S. help.
Persons: Lloyd J, Austin III Organizations: , U.S, South Locations: Ukraine, Gaza, Italy, Washington, Asia, America, United States, Singapore, , Australia, South Korea, India, Japan
I rode the Hamptons Streamliner from the Hamptons to New York City for $195 one-way. I had my choice of drinks and snacks, and I got a complimentary travel kit full of luxury products. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs of May, New Yorkers have a new luxurious way to travel to the Hamptons for the weekend: The Hamptons Streamliner. The upscale bus service is a new collaboration between elite helicopter service Blade and luxury bus company The Jet.
Persons: Organizations: Hamptons, Service, Business Locations: New York City, New
Supreme Court Justice Clarence Thomas has omitted at least three private jet trips gifted by Republican megadonor Harlan Crow from his annual financial disclosures, a top Senate Democrat alleged Thursday. Those trips included private flights in 2017, 2019 and 2021 that Thomas failed to disclose, according to Judiciary Committee Chairman Dick Durbin of Illinois. The Senate probe of the Supreme Court "makes it crystal clear that the highest court needs an enforceable code of conduct, because its members continue to choose not to meet the moment," Durbin said in a statement. Spokespeople for Thomas and the Supreme Court did not immediately respond to CNBC's requests for comment. Thomas said in his latest disclosure that those two trips were "inadvertently omitted" at the time.
Persons: Clarence Thomas, Harlan Crow, Thomas, Dick Durbin of, Crow, Durbin, Spokespeople, ProPublica, Elliot Berke Organizations: Republican, Dick Durbin of Illinois, CNBC, Washington , D.C, D.C, Senate Locations: St, Louis , Missouri, Kalispell , Montana, Dallas , Texas, Washington ,, Savannah , Georgia, San Jose , California, Bali, Indonesia, Monte Rio , California, Crow
Now, a new study that looked at 5 million stars in the Milky Way galaxy suggests that seven candidates could potentially be hosting Dyson spheres — a finding that’s attracting scrutiny and alternate theories. If Dyson spheres really exist, what could they be used for? “Freeman Dyson said that we should dismantle Jupiter — the whole planet (for the raw materials).”That supercolossal scale probably means that Dyson spheres, if they exist at all, are very rare. “However, contamination by circumstellar debris disks, which mimic Dyson Sphere infrared signatures, remains a concern,” he added in an email. However, he added, the radiation fingerprint of the seven Dyson sphere candidates might be explained by natural phenomena as well.
Persons: Freeman Dyson, , Dyson, Olaf Stapledon’s, George Dyson, , Freeman J, couldn’t, Matías Suazo, Suazo, , Webb, that’s, Gabriella Contardo, NASA’s James Webb, ” Suazo, “ Freeman Dyson, Jason Wright, James Webb, , Leslie Surginer, ” George Dyson, Tomotsugu Goto, Zaza Osmanov, ” Osmanov, George Organizations: CNN, Institute of, , , AP, Dyson, SETI Institute, Fermi, Accelerator Laboratory, Fermilab, Royal Astronomical Society, Uppsala University, NASA, Survey, JPL, ESA, European Space Agency, Micron, Sky Survey, University of Massachusetts, Jet Propulsion Laboratory, International School, Studies, Telescope, Penn State University, James Webb Space Telescope, William Press, Computer Science, University of Texas, Tsing Hua, SETI, of Physics, Free University of Tbilisi Locations: British, Princeton , New Jersey, Sweden, Trieste, Italy, Austin, Tsing Hua University, Taiwan, Georgia
Justice Clarence Thomas never disclosed three trips aboard the private jet of the Texas billionaire Harlan Crow, according to documents obtained by the Senate Judiciary Committee. The documents, obtained by Democrats on the panel, list three visits that have not been previously been reported: one to a city in Montana, near Glacier National Park, in 2017; another to his hometown, Savannah, Ga., in March 2019; and another to Northern California in 2021. The purpose of each trip was not immediately clear, nor was the reason for their omission on the justice’s disclosure forms. However, all of the flights involve short stays: two were round trips that did not include an overnight stay. The revelation underlined the extent to which Justice Thomas has relied on the generosity of his friends over the years and the consistency with which he declined to report those ties.
Persons: Clarence Thomas, Harlan Crow, Thomas Organizations: Senate Locations: Texas, Montana, Savannah, Ga, Northern California
AdvertisementThere's a common saying in the business-aviation industry: The private jet isn't a luxury; it's a time machine. The point of a private jet is to save its occupant time and increase their productivity. AdvertisementThe old (top) and new (bottom) paint jobs on Trump's Boeing 757 private jet. AdvertisementTrump aboard his Boeing 757 private jet. But what stands out the most about the Boeing 757 is that it's the muscle car of the airline world.
Persons: , there's, Donald Trump's, it's, Thomas Pallini, Donald, Trump, Gene J, Paul Allen, N757AF, Taylor Swift, John Minchillo, James Devaney, Drake, Andrew Milligan, Royce RB211, Whitney Organizations: Service, Boeing, Business, Bombardier, Gulfstream, Bombardier Global, Trump, New York Times, Trump Force, AP Trump, Microsoft, Sterling Airlines, TAESA, DHL, FedEx, Qatari, Images, Pratt, Airbus, Shanghai Airlines, Delta Air Lines Locations: Danish, Delta, Saudi, Paris, New York, Renton , Washington
The point of a private jet is to save its occupant time and increase their productivity. AdvertisementThe old (top) and new (bottom) paint jobs on Trump's Boeing 757 private jet. AdvertisementTrump onboard his Boeing 757 private jet. But what stands out the most about the Boeing 757 is that it's the muscle car of the airline world. Trump's Boeing 757 before receiving a new livery in 2022.
Persons: , Donald Trump's, it's, Thomas Pallini, Donald, there's, Trump, Gene J, Paul Allen, N757AF, Taylor Swift, John Minchillo, James Devaney, Drake, Andrew Milligan, Royce RB211, Whitney Organizations: Service, Boeing, Business, Bombardier, Gulfstream, Bombardier Global, Trump, New York Times, Trump Force, AP Trump, Microsoft, Sterling Airlines, TAESA, DHL, FedEx, Qatari, Saudi Royal Families, Images, Pratt, Airbus, Shanghai Airlines, Delta Air Lines Locations: Danish, Delta, Paris, New York, Boeing's Renton , WA
A British Airways flight lasted nine hours but ended up back where it started after a technical issue. The Boeing 787 reached Newfoundland before turning back across the Atlantic to London Heathrow. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDozens of British Airways passengers endured a nine-hour "flight to nowhere" after crossing the Atlantic twice. This story is available exclusively to Business Insider subscribers.
Persons: , Dreamliner Organizations: British Airways, Boeing, London Heathrow, Service, British, Atlantic, Monday's, Business Locations: Newfoundland, London, Houston, Flightradar24
Boeing 737 MAX airplanes are pictured outside a Boeing factory on March 25, 2024 in Renton, Washington. The results released Tuesday compared unfavorably with Europe's Airbus, which reported orders for 27 new planes in May. Boeing also saw Aerolineas Argentinas cancel an order for a single Max jet, bringing its net sales for the month to three. The dismal results followed poor figures for April, when Boeing reported seven sales — none of them for the Max. Despite the slow pace of recent sales, Boeing still has a huge backlog of more than 5,600 orders.
Persons: , Aerolineas, Max Organizations: Boeing, Airbus, Federal Aviation Administration, Alaska Airlines Max, Ryanair, Alaska Airlines Locations: Renton , Washington, Arlington , Virginia
Boeing sales remain stalled
  + stars: | 2024-06-11 | by ( Chris Isidore | ) edition.cnn.com   time to read: +2 min
New York CNN —Boeing reported another weak month for new plane orders as it struggles to overcome questions about safety and production problems with its commercial jets. The company reported it took orders for only four new jets in May, all for the 787 Dreamliner, and none for the troubled 737 Max. That was down from even the modest orders of seven gross orders in April, and far below the order of 69 jets it reported in May 2023. Orders for Boeing jets have fallen sharply, for the most part, from the strong sales it reported in 2023, including a monthly record for orders in December, due to airlines’ eagerness to expand their capacity to meet increased passenger travel demand. Shares of Boeing, a component of the Dow Jones industrial average, fell more than 3% on the report.
Persons: Max Organizations: New, New York CNN, Boeing, American Airlines, FAA, Alaska Airlines, Dow Locations: New York
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