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Text size Courtesy Virgin Galactic Shares of Virgin Galactic were tumbling Friday after the space tourism company pushed back the launch of commercial service to the second quarter of 2023. Virgin Galactic (ticker: SPCE) last said it expected to start commercial space-tourism service in the first quarter of next year. That was after pushing back … Read more
Text size The Federal Aviation Administration gave clearance to Boeing to begin deliveries of the 787 Dreamliner after approving the company’s plan to correct production problems with the aircraft. Dreamstime Boeing investors got two bits of good news Monday that was sending the higher. One item was a far bigger deal than the other. The … Read more
U.S. air-safety regulators signed off on a Boeing plan aimed at addressing problems with the 787 Dreamliner, a major step before the company restarts deliveries of the aircraft, according to people familiar with the matter. The first 787 delivery is expected to occur within days, one of the people familiar with the matter said. Resuming deliveries … Read more
Boeing delivers 51 passenger and cargo planes in the month, its highest since 2019 Boeing said it delivered 51 passenger and cargo planes in June, the aircraft maker’s best month for deliveries in more than three years, as airlines saw demand recovering from pandemic lows. Boeing Co. shares rose about 8 per cent in afternoon … Read more
The S&P 500 and the Nasdaq struggled for direction on Thursday as worries that Federal Reserve policy tightening could trigger a recession hurt sentiment ahead of the start of earnings season, while a rise in Boeing kept the Dow afloat. Focus is now on inflation data on Wednesday that is expected to show U.S. consumer … Read more
Text size Federal Reserve Chairman Jerome Powell. JIM WATSON/AFP via Getty Images The stock market was tumbling Thursday as pessimism replaced optimism following the Federal Reserve’s three-quarter point rate increase—and the possibility it could drive the economy into recession. Dow Jones Industrial Average futures have fallen 464 points, or 1.5%, while S&P 500 futures have … Read more
Boeing said Wednesday that it lost $1.2 billion in the first quarter as it took large write-downs and lost money in both its civilian-airplane and defense businesses. The loss was bigger than Wall Street had forecast, and the company’s quarterly revenue also fell short of expectations. Boeing burned through $3.2 billion in cash. “Messier quarter … Read more
