Boeing’s recent Max crisis is causing some of its major customers to rethink their growth strategies for the upcoming year and possibly beyond. The ongoing quality control issues, slow production increase, and delayed certification of new aircraft are all contributing to the decision-making process of airline CEOs. Southwest Airlines, a loyal customer of Boeing with
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Japan recently avoided a technical recession with revised official data showing that the economy returned to growth in the October-December period of the previous year. This was primarily due to strong capital expenditure, which helped bolster the economy. However, the upward revisions fell short of expectations as private consumption continued to remain weak. With signs
Saudi Arabia’s state oil giant, Aramco, recently reported a 25% decline in profit to $121.3 billion in 2023, down from $161.1 billion in 2022. Despite this decrease, Aramco still boosted its dividend payout, with a 4% increase in its base dividend for the fourth quarter, reaching $20.3 billion, and a 9% increase in its performance-linked
In the realm of investing and finance, the buzz around artificial intelligence (AI) often revolves around technology companies experiencing exponential growth. However, Nancy Tengler, CEO and CIO of Laffer Tengler Investments, emphasizes that AI is not exclusive to tech giants like Nvidia and Meta Platforms. Instead, Tengler highlights traditional “old economy” companies that are leveraging
Apple has recently approved Epic Games’ developer account in Sweden, following a tumultuous period during which Apple had blocked the company’s access to the App Store in retaliation for lawsuits and social media criticisms. This decision comes as a result of the new antitrust regulation, the Digital Markets Act, which allows for the establishment of
The European Central Bank recently made the decision to lower its annual inflation forecast while keeping interest rates at a stable level. ECB President Christine Lagarde mentioned that the market pricing for a potential rate cut in June appears to be aligning with the policymakers’ outlook. The staff projections for inflation in 2024 have been
Federal Reserve Chair Jerome Powell recently addressed the topic of interest rates, reiterating that he anticipates rates to begin decreasing within the current year. However, he refrained from specifying a precise timeline for this shift. In his remarks to Capitol Hill, Powell emphasized the importance of monitoring inflation risks and the need to avoid abrupt
In a recent report by Counterpoint Research, it was revealed that the sales of Apple’s iPhone in China significantly dropped by 24% in the first six weeks of 2024. This decline was attributed to stiff competition from local smartphone manufacturers such as Huawei, Oppo, Vivo, and Xiaomi. Apple’s shares also saw a decrease of more
China is gearing up for its annual parliamentary meetings, known as the “Two Sessions,” which provide valuable insights into the country’s economic policy and plans for the upcoming year. Investors are closely monitoring these meetings to gauge the potential for economic stimulus in light of the challenges faced by the Chinese economy. Despite China’s GDP
In a joint effort to stabilize the oil market, Saudi Arabia and Russia, in collaboration with other major OPEC+ members, have decided to extend their voluntary crude supply cuts until the end of the second quarter. This move comes as a response to the ongoing challenges faced by the oil industry, including geopolitical tensions, fluctuating