Boeing CEO Dave Calhoun is set to testify before a Senate panel to address the company’s safety and manufacturing crises. This comes after a door panel blew out of a nearly new 737 Max 9 jet in January, further adding to Boeing’s challenges. Calhoun, who has announced his intention to step down before the end
The U.S. dollar has been experiencing fluctuations in the market due to key economic data releases and Federal Reserve officials’ speeches. Investors are closely monitoring the Dollar Index, which tracks the greenback against a basket of other currencies. The recent uptick in the Dollar Index indicates that traders are anticipating interest rate cuts, but the
The recent movement of the dollar against other major currencies has been a topic of interest for traders and analysts around the world. The dollar index, which measures the currency against the euro, sterling, yen, and other peers, rose slightly in Asian hours, following a slight decline the previous day. The fluctuation in the dollar’s
The Food and Drug Administration recently approved Merck’s new vaccine, Capvaxive, which is designed to protect adults from the bacteria pneumococcus that can lead to serious illnesses such as pneumonia. This groundbreaking vaccine specifically targets 21 strains of the bacteria, aiming to prevent a severe form of pneumococcal disease that can result in pneumonia. The
Federal Reserve Bank of Philadelphia President, Patrick Harker, emphasized the significance of remaining data dependent when considering the timing and number of rate cuts this year. Harker highlighted the importance of utilizing incoming data to navigate through uncertainties and ensure a sustainable return to target inflation. By staying committed to data dependence, the Federal Reserve
Market transparency in municipal securities is a critical component that investors rely on to evaluate bond prices, measure market direction and performance, and determine pricing on new bond issues. The Municipal Securities Rulemaking Board (MSRB) has continuously worked towards centralizing data to provide investors with the necessary information to make informed decisions. The recent addition
The recent movement in Bitcoin price saw a slight decline on Monday, erasing some of the gains made over the weekend. The premier cryptocurrency dropped by 0.34% in the past 24 hours, settling at $65,764.8 by 06:16 am ET (11:16 GMT). Despite reaching a high of $66,914 on Sunday, Bitcoin has been struggling to maintain
Goldman Sachs recently upgraded Toll Brothers, citing the company’s potential to benefit from the growing demand in the construction industry. Analyst Susan Maklari expressed confidence in Toll Brothers’ ability to outperform historical norms in terms of revenues, profitability, and returns. The firm raised its price target on the construction stock to $124 per share from
The recent political turmoil in Europe, particularly in France, has had a significant impact on currency markets. The euro has been hovering near a more than one-month low as investors are wary of the budget crisis in the euro area. Political uncertainty has been fueled by the rise of far-right and leftist parties ahead of
The recent political turmoil in Europe has sent shockwaves through global currency markets, leading to increased levels of uncertainty among traders. The rise of far right and leftist parties in Europe, particularly ahead of France’s snap parliamentary election, has significantly impacted the euro. As a result, investors are closely watching the situation in Europe, waiting