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Malaysia Airlines said on Wednesday it has suspended taking delivery of 25 Boeing 737 MAX jets, citing the plane's delayed return to service since it was grounded last year following two fatal crashes. "In view of the production stoppage and the delayed return to service of the 737-MAX, Malaysia Airlines has suspended the delivery of its orders," the struggling airline said in an email. The carrier had been due to take delivery of its first 737 MAX in July 2020 but last year its chief executive said the introduction to service could slide beyond that....
(Bloomberg) -- An analyst who picked an inopportune time to downgrade Tesla Inc. is expressing regret, giving Elon Musk credit, and yet still doubting the electric-car maker deserves such a rich valuation.“I wish I hadn’t done it,” Joe Osha, an analyst at JMP Securities, said of his decision to cut Tesla to the equivalent of a hold from a buy on Oct. 3.The move looked shrewd at first -- the shares slumped 4.2% that day, after Tesla reported quarterly deliveries that fell short of a number the chief executive officer hyped the week before. But later in October, the billionaire shocked Wall Street with a profit, plus progress toward building a plant in China and bringing out his next electric vehicle, the Model Y. Tesla’s stock has more than doubled, closing Tuesday at a record $537.92.“As an analyst, whenever you end up in this not-very-good situation where you’ve missed a big...
Brent oil prices have failed to break through $75 in recent years, but this key resistance point may soon be broken if Iran retaliates in the way that some of our sources suggest it will...
(Bloomberg) -- The FBI is pressing Apple Inc. to help it break into a terrorist’s iPhones, but the government can hack into the devices without the technology giant, according to experts in cybersecurity and digital forensics.Investigators can exploit a range of security vulnerabilities -- available directly or through providers such as Cellebrite and Grayshift -- to break into the phones, the security experts said.Mohammed Saeed Alshamrani, the perpetrator of a Dec. 6 terrorist attack at a Navy base in Florida, had an iPhone 5 and iPhone 7, models that were first released in 2012 and 2016, respectively. Alshamrani died and the handsets were locked, leaving the FBI looking for ways to hack into the devices.“A 5 and a 7? You can absolutely get into that,” said Will Strafach, a well-known iPhone hacker who now runs security company Guardian Firewall. “I wouldn’t call it child’s play, but it’s not super difficult.”That counters...
A year after the grounding of Boeing Co's 737 MAX sent shockwaves across the aviation sector, its likely return in 2020 promises more upheaval, consultant IBA said on Wednesday. The industry faces market turbulence as the release of some 800 grounded jets reverses a surge in narrowbody aircraft values, with the glut of planes potentially weighing on fares, IBA said. Since the MAX grounding last March, after two deadly crashes, airline customers have secured alternative planes or extended existing leases, driving up contract rates and second-hand values of Boeing and Airbus single-aisle jets....
Jan.14 -- Joe Osha, JMP Securities analyst, admits he regrets downgrading Tesla Inc. shares but says he wouldn't be a buyer at the current valuation. He speaks with Bloomberg's Taylor Riggs on "Bloomberg Technology."...
