Columbus, OH

Boeing reported a larger-than-expected quarterly loss and weaker revenue than expected today, but intends to continue expanding production of its Max planes. Both the commercial and defense manufacturer arms of the company continue to struggle, according to a report from CNBC. Amid such challenges, the aerospace company has revealed that...

Amid Bigger Losses Than Expected Boeing Presses Forward With Max Production

Boeing shares rose Wednesday as the hiring of a new chief executive offset worse-than-expected second-quarter results. Former Rockwell Collins CEO Kelly Ortberg will replace Dave Calhoun starting next week, Boeing said Wednesday. The troubled plane maker reported lower Q2 revenue and a larger loss than expected. Boeing (BA) shares rose...

Boeing Names New CEO, Reports Large Q2 Loss

UPI News

Boeing's board of directors said Friday it has elected Robert K.  "Kelly" Ortberg as Boeing's new president and CEO.

Boeing board chooses Robert K. Ortberg as new president and CEO

Reuters

(Reuters) - Boeing posted a bigger quarterly loss, as its troubled defense and space business exacerbated the financial strain on the U.S. planemaker that has already scaled back commercial aircraft production to tackle a quality crisis.

Boeing posts bigger loss as defense business struggles to turn around

Jeff Bezos is selling 25 million Amazon shares worth $5 billion, according to a regulatory filing on the day the tech giant’s stock hit a record high. The proposed sale on Tuesday came as Amazon’s stock closed at $200 per share, its highest price since Amazon’s 1997 NASDAQ listing.

Jeff Bezos selling $5B worth of Amazon shares as company’s stock hits all-time high

Southwest Airlines presented its quarterly earnings Thursday. The numbers weren’t great — net income was nearly halved from a year ago to $367 million despite a record $7.3 billion in revenue — and with hedge fund Elliott Management mounting a takeover campaign the company knows it has to do something.

Not even Southwest Airlines wants to be Southwest Airlines right now

Capital One is one of the few bank stocks left in Berkshire’s portfolio, and it trades below book value. NVR has been a beneficiary of a strong environment for homebuilders and could be a big winner as the housing market normalizes. Berkshire Hathaway itself could still be an excellent...

The Best Warren Buffett Stocks to Buy With $1,000 Right Now

24/7 Wall St.

In case you have been living under a rock for the past year and a half, NVIDIA Corp. (NASDAQ: NVDA) has been the market’s hottest stock and is now one of the largest companies — as measured by market capitalization — in the entire world. After the chipmaker underwent a recent 10-for-1 stock split on June […]
The post If You Bought $100 of Recently Split Stock NVIDIA at Its IPO, This Is How Much It’d Be Worth Now appeared first on 24/7 Wall St..

If You Bought $100 of Recently Split Stock NVIDIA at Its IPO, This Is How Much It’d Be Worth Now

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

J. Souza

According to cruise industry reports, the world's largest cruise ship is sailing well above 100% capacity, thanks to more beds being filled on recent sailings. Royal Caribbean’s newest flagship, the Icon of the Seas, is proving to be an unprecedented success, with occupancy rates far exceeding expectations.

The Largest Cruise Ship in the World is Sailing at 132% Capacity: How This is Even Possible

Boeing named a new CEO Wednesday after reporting a core operating loss of $1.4 billion in the second quarter — more than triple the loss from a year ago — as increased scrutiny of the safety and quality of its planes kept the troubled company from making enough aircraft to return to profitability.

Boeing names new CEO after losses more than triple

TheDailyBeast

Boeing is pulling a veteran aviation engineer out of retirement to turn around the company’s lagging safety reviews and turbulent stock prices. Kelly Ortberg will take over as the company’s CEO on Aug. 8, after Dave Calhoun announced in March he would step down as CEO after repeated quality control breakdowns, including a loose bolt that caused a door plug to blow out in midair. Ortberg will face strong headwinds in revamping the company’s image, including raising Boeing stock, which plunged 27 percent this year after the door plug accident, on par with its worst year since COVID-19 effectively shut down industry in 2020. The fallout from January’s accident is affecting much more than Boeing’s commercial flying business. The company’s defense and space division lost $1 billion this year on contracts, including losing a highly anticipated military tanker program. Ortberg was chosen to tackle Boeing’s challenges because he has a reputation in the industry as a no-nonsense, business-savvy leader.Read it at BloombergRead more at The Daily Beast.

Boeing Names Veteran Engineer Kelly Ortberg as CEO to End Safety Crisis

Illinois State

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

Chipotle's second-quarter results showed some of the best numbers restaurant investors have ever seen, initially exciting the market. But management also highlighted a couple of negative trends that have investors treading more cautiously than they did a few months ago. On June 18, restaurant chain Chipotle Mexican Grill (CMG -1.95%)...

After Its 50-for-1 Stock Split Last Month, Here Are the Major Takeaways From Chipotle's Latest Earnings Call

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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Chicago Star Media

Boeing has appointed Robert K. "Kelly '' Ortberg CEO and president of the struggling aerospace corporation. Ortberg assumes leadership at a pivotal time for Boeing, and will be tasked with turning the company around amid mounting scrutiny and financial troubles.

Boeing names new CEO in wake of dismal second quarter earnings report

SEOUL, South Korea -- Samsung Electronics Co. reported a 15-fold increase in operating profit for the second quarter this year, largely thanks to a strong demand for memory chips amid the expansion of artificial intelligence technologies. The South Korean semiconductor and smartphone giant said Wednesday in a statement that its...

Samsung posts a 15-fold increase in operating profits in last quarter

Some top money managers sold Nvidia stock during the first quarter, while reallocating capital to the iShares Bitcoin Trust. The recent approval of spot Bitcoin ETFs is bringing institutional investors like hedge funds and investment banks to the market. Bitcoin block subsidies were reduced by 50% in April 2024, and...

Billionaires Are Selling Nvidia Stock and Buying an Index Fund That Could Soar Up to 5,655%, According to Certain Wall Street Analysts

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

Kiplinger

The main indexes notched impressive gains Wednesday on solid earnings and signs the Fed could start cutting rates as soon as September.

Stock Market Today: Nasdaq Jumps 451 Points After AMD Earnings, Fed Meeting

Denver, CO

David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

NewsBreak

Boeing names its next CEO while posting a quarterly loss of more than $1.4 billion

Boeing named an aerospace industry veteran with a background in mechanical engineering as its next chief executive Wednesday, looking to open a new chapter at a...

Boeing names its next CEO while posting a quarterly loss of more than $1.4 billion

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