J&J over a baby powder recall after US health regulators found traces of asbestos and Boeing over its ongoing 737 Max scandal.
Reuters reported Friday that text messages between 2 employees exist that suggest one of them may have misled the FAA on the jet's safety system.
Meanwhile the S&P closed down nearly three-tenths of a percent - weighed down by losses in the tech sector.
Jay Jacobs is Head of Research at Global X Funds: "We're seeing tech stocks leading the sell off.
We've seen them be the weather mane for whether there's going to be a trade deal or not.
So I think this could be more fear that maybe there's not going to be a trade deal.
But again this is daily noise nothing has structurally changed." Limiting the day's losses were a string of solid earnings.
Shares of Coca-Cola closed up nearly 2 percent after the beverage maker beat Wall Street expectations as investments in healthier options appear to be paying off, with its Coke Zero Sugar line and smaller can sizes fueling revenue.
Investors are now gearing up for earnings from technology companies next week, including those from Amazon and Microsoft .
Wall Street banks and their employees have been leaning further left in recent years, increasing the proportion of cash allocated to Democrats. Democratic presidential nominee Joe Biden has dramatically outpaced Republican President Donald Trump in raising funds from the banking industry ahead of the Nov. 3 election. Rosanna Philpott explains why.
Japan's ANA Holdings on Tuesday said it will retire more than a tenth of its mostly Boeing fleet and delay two aircraft orders to help rein in costs and survive a collapse in air travel caused by coronavirus travel restrictions. Francis Maguire reports.
AstraZeneca has resumed the U.S. trial of its experimental COVID-19 vaccine after approval by regulators, and Johnson & Johnson is preparing to resume its trial early next week, the companies said on Friday. Fred Katayama reports.
The Dow and S&P 500 fell on lackluster earnings, election worries and rising COVID-19 cases worldwide, but tech stocks fared better and had positive news after the close when Microsoft topped sales forecasts. Conway G. Gittens has the market action.
Federal Aviation Administration Chief Steve Dickson conducted a nearly two-hour evaluation flight at the controls of a Boeing 737 MAX on Wednesday, saying after that he liked what he saw, but there is more to be done following a ban after fatal crashes.
FAA chief Steve Dickson will take the controls of a Boeing 737 MAX on Wednesday, testing upgrades that the planemaker says should prevent a repeat of the two fatal crashes that saw the jet grounded. Julian Satterthwaite reports.
On Wednesday, the U.S. House Transportation and Infrastructure Committee released a 245-page report about the deadly Boeing MAX jet crashes. The two plane crashes in 2018 and 2019 weren’t a result of one single issue. They were caused by the failures of Boeing staff, Boeing management, and the Federal Aviation Administration. "A series of faulty technical assumptions by Boeing’s engineers, a lack of transparency on the part of Boeing’s management, and grossly insufficient oversight by the FAA.
Two Boeing 737 MAX crashes that killed all 346 passengers and crew aboard were the "horrific culmination" of failures by the planemaker and the Federal Aviation Administration, a U.S. House panel concluded after an 18-month investigation. Fred Katayama reports.
U.S. stocks recovered on Thursday some of the steep losses seen the day before as investors gobbled up high-flying tech names in anticipation of strong quarterly results after the close, which Amazon, Apple, Facebook and Google's parent Alphabet each delivered. Conway G. Gittens reports.
Microsoft has introduced new features in Excel allowing users to import their own data as a custom data type. The tech company is bringing over 100 new data types into Excel for Microsoft 365 Personal or Family subscribers, as per The VergeExcel users will be able to track stocks, pull in nutritional information for dieting plans, and much more, thanks to data from Wolfram Alpha's service. This is currently available for Office beta testers in the Insiders program, The Verge added.On the consumer side, Wolfram Alpha data types are currently available in preview for Office insiders and should be available to all Microsoft 365 subscribers soon.
Wall Street lost ground on Thursday as data showed midwest manufacturing falling into a deeper slump and concerns about the U.S.-China trade war truce rattled investors. Conway G. Gittens wraps up the..
NEW YORK (Reuters) - U.S. stocks fell on Thursday, with the S&P 500 pulling back from its latest record high as conflicting signals surrounding a possible trade deal between the United States and China..
Real Money stock of the day AMD posted earnings after the bell Tuesday night. For the quarter, adjusted earnings per share came in at 18 cents, in line with Wall Street expectations. Revenue was $1.8..