By Rajesh Kumar Singh, Abhijith Ganapavaram and David Shepardson (Reuters) -Boeing’s troubles with its 737 MAX jets are upending the aerospace industry’s 2024 plans, changing airlines’ fleet and expansion goals as U.S. regulators froze production of the best-selling jets. The Federal Aviation Administration ramped up scrutiny of Boeing after a frightening Jan. 5 incident when…
By Aditya Soni (Reuters) -Tesla tumbled over 12% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins at the world’s most valuable automaker and fueled investor concerns about soft demand and Chinese competition. Musk said on Wednesday that growth would be “notably lower”…
By Lewis Krauskopf NEW YORK (Reuters) – The U.S. stock market’s march to all-time highs is putting the spotlight on its large valuation premium over global equities, leading some investors to look abroad for outsize returns. The S&P 500 topped most key regional indexes in 2023 with a 24% gain, building on a decade of…
By Hannah Lang (Reuters) -PayPal is launching new artificial intelligence-driven products as well as a one-click checkout feature, the company said on Thursday as its chief executive tries to inject new life into the payments giant. It is the first major announcement under Alex Chriss, who joined PayPal in September, and the new products are…
