The Federal Aviation Administration and Boeing Co have completed certification test flights on the 737 MAX, a key milestone toward the plane's return to service, the U.S. regulator said on Wednesday. The MAX has been grounded since March 2019 after two fatal crashes in five months killed 346 people. "The agency is following a deliberate process and will take the time it needs to thoroughly review Boeing's work," the FAA said....
Jul.01 -- IBM Cloud Senior Vice President Howard Boville explains IBM's cloud expansion to Daimler. He speaks with Caroline Hyde on "Bloomberg Markets."...
(Bloomberg) -- China’s tycoons are flooding Hong Kong’s exchange with $20 billion worth of new listings.While the city’s rich are preparing for a worst-case scenario amid a controversial national-security law, major mainland billionaires are coming in. The latest to do so: William Ding of NetEase Inc. and JD.com Inc.’s Richard Liu, whose companies completed secondary listings there last month. They follow Jack Ma, whose Alibaba Group Holding Ltd. stock issuance in November was the city’s largest since 2010.Together, the three moguls’ firms have raised $20 billion from share sales in the former British colony, and that may be just the start of a new wave of listings by mainlanders.“Chinese billionaires’ tech companies are helping the capital market in Hong Kong for a pivotal change and secure its Asia financial hub status,” said Edward Au, managing director of the southern region at Deloitte China. “The city’s stock exchange is also trying to...
Tesla Inc (NASDAQ: TSLA) is expected to announce second-quarter delivery numbers within the next two days.In a leaked email on June 29, Musk told employees the company was close to "break even." Now, CNBC reports of a new leaked email in which Musk congratulates employees on a job well done."Just amazing how well you executed, especially in such difficult times. I am so proud to work with you!" Musk wrote.Why It's Important: The pandemic and ultimate shutdown of California businesses was hard on Tesla, leading the CEO to make some rather controversial tweets on the matter. The company was finally on a roll with several profitable quarters in a row, including the first time Tesla has ever been profitable in a first quarter.When the pandemic hit, Tesla was forced to close its factory in Fremont, California, which is where it makes the majority of cars for worldwide distribution.Whether Tesla was able...
(Bloomberg) -- Colin Huang stepped down as chief executive officer of Pinduoduo Inc. after building the five-year-old startup into a force in China’s e-commerce industry and, in the process, becoming one of the country’s richest people.He’s turning the role over to Lei Chen, another founder at the Shanghai-based company, effective immediately, PDD said in a letter to employees posted on its website. Huang, 40, will remain chairman.“I hope that through the management changes, we can gradually hand over more managerial duties and responsibilities to our younger colleagues, give space and opportunities for the team to grow, and drive Pinduoduo to become a more mature company with continuous entrepreneurial spirit,” Huang wrote in the letter.While tech founders often eventually cede management duties to lieutenants, Huang is handing over the reins just a few years after PDD’s start. Huang and his co-founders started the group-shopping app in 2015 at a time when Alibaba...
Posted by OFX AUD - Australian Dollar The Australian dollar advanced through trade on Wednesday, extending moves above 0.69 US cents following a risk on move driven by news Pfizer and BioNtech’s early trial of a COVID19 vaccine has shown promising results. Having traded sideways for much of the domestic session the … Continue reading "AUD creeps higher on promise of COVID19 Vaccine"The post AUD creeps higher on promise of COVID19 Vaccine appeared first on ....
Plan your investment strategy with insights from financial experts in an interactive webinar series brought to you by Yahoo Finance Premium. Yahoo Finance reporter Jared Blikre and guest Brian Shannon, CMT & AlphaTrends Founder discuss how to better manage assets, assess risk, and invest during the recent stock market volatility caused by the COVID-19 pandemic. Recorded 7/1/2020. Not a subscriber? Start your free trial at yahoofinance.com/premium to join future webinars live!...
