The Federal Aviation Administration (FAA) has made a significant decision regarding Boeing’s 737 Max aircraft production. Although the FAA has allowed Boeing’s Max 9 to return to service, it has simultaneously put a halt on the manufacturer’s planned expansion of its production facilities. This decision comes after a recent incident where a door plug blew
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IBM shares experienced a surge of as much as 8% in extended trading after the company released its fourth-quarter results, surpassing Wall Street’s expectations. The tech and services provider reported adjusted earnings per share of $3.87, compared to the estimated $3.78, and revenue of $17.38 billion, exceeding the projected $17.30 billion. IBM’s revenue witnessed a
In a disappointing blow to President Joe Biden’s plans for student loan forgiveness, the Supreme Court’s conservative majority ruled in June that he did not have the authority to cancel student debt for millions of Americans. However, Biden remains undeterred and has swiftly unveiled an alternative plan, aptly named “Biden’s Plan B,” which aims to
Boeing CEO Dave Calhoun held meetings with several U.S. senators on Capitol Hill in response to the increasing scrutiny faced by the company’s leadership. Speaking to reporters, Calhoun expressed his commitment to transparency and stated that he was present to address any questions the senators may have had. According to sources familiar with the matter,
The Securities and Exchange Commission (SEC) under the leadership of Chair Gary Gensler is set to vote on new rules aimed at curbing Special Purpose Acquisition Companies (SPACs). SPACs, also known as “blank check companies,” are entities formed to raise capital through an initial public offering (IPO) with the intention of acquiring or merging with
The Tel Aviv Stock Exchange (TASE) has recently received a significant vote of confidence from investors worldwide. Renowned hedge fund billionaire Bill Ackman and his wife, Neri Oxman, have acquired a substantial stake in the exchange. This move not only highlights their faith in the Israeli economy but also signifies the exchange’s potential for growth
Despite a slight increase in mortgage rates, homebuyers have remained undeterred and are actively pursuing homeownership. According to the Mortgage Bankers Association’s seasonally adjusted index, mortgage applications for home purchases rose by 8% last week compared to the previous week. However, it is important to note that this demand is still significantly lower, 18% to
Lawmakers in the House recently unveiled a $78 billion bipartisan tax package that includes temporary changes to the child tax credit. These changes, if enacted, could have a significant impact on millions of families during this year’s filing season. While the bill has advanced through the House Ways and Means Committee, negotiations are ongoing, and
Netflix, the leading streaming platform, is set to release its fourth-quarter earnings report today after the market closes. While many of its competitors in the streaming industry continue to struggle to turn profits, Netflix has proven to be an anomaly with its impressive performance. In the last quarter, the company witnessed an 8% increase in
The Federal Trade Commission (FTC) has recently taken action against Intuit, the maker of popular tax filing software TurboTax, for engaging in “deceptive advertising.” In a ruling made in September, the FTC found Intuit guilty of violating federal law by promoting free TurboTax software to taxpayers who were not eligible. Instead, these individuals were upgraded