Articles

Boeing chief says company flies ‘safe planes’ as he meets U.S. lawmakers

Boeing’s chief executive on Wednesday said the company doesn’t fly airplanes that aren’t safe, as he arrived on Capitol Hill for meetings with U.S. lawmakers amid scrutiny of the aviation giant.

Joe Lewis, billionaire owner of Tottenham Hotspur football club, pleads guilty to insider trading

British billionaire Joe Lewis,  who owns the Tottenham Hotspur football club, has pleaded guilty to insider trading charges in New York, after prosecutors had charged him with sharing secret stock tips with his pilots, girlfriends and assistants for years.

Nikola’s stock rises as electric-truck producer gets an outperform rating

Baird’s Ben Kallo praised management in note entitled, “When the going gets tough, the tough keep going.”

These seven tanker stocks are set for upside amid Red Sea disruption, says Evercore

A number of tanker stocks are well positioned to benefit from the fallout from the disruption to Red Sea shipping caused by the Houthi attacks on cargo ships, according to Evercore ISI.

Microsoft’s stock marches to $3 trillion market cap for the first time

Microsoft Corp.’s stock is continuing its march higher, and that could put the company in vaunted territory.

Storm in a teacup. U.S. embassy intervenes amid British outrage over ‘perfect’ salty tea.

A U.S. professor’s recipe for a perfect cup of tea includes adding salt. The British are not amused, especially after the U.S. Embassy wades in.

Copper production boosts FreePort-McMoRan results past Wall Street expectations

FreePort-McMoRan Inc.’s stock rose 6.3% on Wednesday after the mining giant’s fourth-quarter profit and revenue beat Wall Street projections, with its copper volumes exceeding its earlier estimate.

Plug Power faces ‘increasingly arduous path,’ a new bear warns

A BMO Capital Markets analyst is feeling cautious about Plug Power’s stock despite some “positives” in recent update.

Hedge fund bond star Greg Lippmann readies next big bet on commercial-property debt shunned by others

“People think it’s going to be bad,” Lippmann said of distress in commercial real estate debt. “That creates opportunity.”

Treasury yields pare declines after U.S. PMI reports

Treasury yields pulled back from declines seen earlier on Wednesday after data showed U.S. businesses experienced a strong upturn in activity at the start of the year.

Economy revs up in early 2024, S&P finds. ‘Soft landing’ in sight?

The U.S. economy got off to a good start as growth sped up in January a pair of S&P business surveys showed, indicating that a recession still appears far off.

DAX index jumps to record high as hedge fund makes $1 billion bet against German stocks

The DAX index was on course for a fresh record high at Wednesday lunchtime in Europe as a hedge fund placed a $1 billion bet against some of Germany’s biggest companies.
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