(Bloomberg) -- Boeing Co. and federal regulators are preparing to hold a critical set of test flights on the 737 Max early next week, which would mark a milestone in its return to service after being grounded for more than 15 months.Aviation industry officials briefed on the plans, which still haven’t been finalized, indicate that the U.S. Federal Aviation Administration has reviewed Boeing’s extensive safety analysis of fixes it has made and is comfortable moving to the next step: putting the plane through its paces with test pilots.Boeing had privately targeted hosting the FAA flights by the end of June. The first of several days of test flights could come as early as Monday, according to three people familiar with the plans who weren’t permitted to discuss the still-tentative plans publicly.An FAA “team is making progress toward FAA certification flights in the near future,” the agency said in a statement.“The FAA...
The trucking industry has done better than the broader population at avoiding COVID-19, but there are still frightening health-related concerns on the horizon. ...
Shares of U.S. banks dropped on Friday, with Wells Fargo's stock falling more than 6% and Goldman Sachs Group Inc down 7%, after the Federal Reserve capped dividend payments and barred share buybacks until at least the fourth quarter after its annual stress test. The S&P 500 banks index was down more than 5% and the S&P 500 financials index dropped nearly 4%, making it the biggest drag on the S&P 500 in Friday's broad market selloff. The drop in bank shares is in part tied to worries about how well the economy is likely to recover from the impact of the coronavirus pandemic, said Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey....
This article is a part of InvestorPlace.com's Best ETFs for 2020 contest. Vince Martin's pick for the contest is the U.S. Global Jets ETF (NYSEARCA:JETS).My pick for the best exchange-traded fund of 2020, the U.S. Global Jets ETF (NYSEARCA:JETS), turned out to be an exceedingly poor choice. JETS has lost nearly half of its value so far this year. A sharp rally last month offered some hope that it could stick among the best ETFs to buy this year, but those gains have reversed over the last three weeks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's easy to chalk up the miss to the novel coronavirus pandemic. (I can also take solace in the fact that my 2019 pick, the iShares U.S. Home Construction ETF (BATS:ITB), rose a sterling 48%.) But as I wrote at the end of March, the pandemic simply exposed significant weaknesses in the U.S. airline...
Albertsons CEO Vivek Sankaran joins Yahoo Finance’s On The Move to weigh in on the company going public and discuss the latest food trends amid the COVID-19 pandemic....
This article is a part of InvestorPlace.com's Best ETFs for 2020 contest. Ian Bezek's choice for the contest is the iShares Russell 2000 Growth ETF (NYSEARCA:IWO).My pick for the best exchange-traded-fund of 2020, the iShares Russell 2000 Growth ETF (NYSEARCA:IWO), got off to a horrible start. IWO plunged more than 30% during the March crash. However, it has an excellent comeback story going now that should keep it among the best ETFs to consider this year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSpecifically, IWO recovered nearly all its losses this quarter as the economy has started to recover. What happened to cause this elevated volatility?Traders hit small-capitalization growth stocks particularly hard in March for understandable reasons. Small companies tend to be less resilient during hardship, all else equal. And small growth companies could face out-sized risk trying to navigate a prolonged economic downturn.However, with the economy and market putting...
Gold markets rallied a bit during the week but continue to see a lot of resistance at the $1800 level. Because of this, I we have a fight on our hands....
