Virgin Galactic Stock Tumbles as Commercial Service Again Delayed

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

Boeing Stock Rises as Strike Temporarily Averted, 787 Cleared for Deliveries

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

Boeing Clears Hurdle for Resuming 787 Dreamliner Deliveries

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

Stock Market Today: Dow’s Fed Day Gains Disappear, Tesla Slides, Amazon Drops

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

CEO reportedly laments red ink incurred from Air Force One deal as Boeing posts $1.2 billion first-quarter loss

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

Why did the stock market fall? Dow finishes nearly 1,000 points lower in worst day since October 2020

U.S. stocks fell sharply on Friday to suffer their biggest one-day drop since 2020, as investors continued to weigh hawkish comments on interest rates a day earlier by Federal Reserve Chairman Jerome Powell, as well as a fresh batch of corporate earnings that largely disappointed. How did stocks trade? The Dow Jones Industrial Average DJIA, … Read more