Boeing announced on Monday that it has temporarily halted flight tests of its 777X aircraft after identifying structural damage in one of the wide-body planes. The damage was found in a custom part located between the engine and the aircraft structure during routine maintenance. As a result, the company has grounded the other three 777-9
After closely monitoring the market trends and analyzing the financial performance of Estee Lauder, it has come time for investors to make a difficult decision. The Charitable Trust, led by Jim Cramer, has decided to exit their position in Estee Lauder by selling 330 shares at a price of approximately $96.30. This move signifies a
Luxury king Bernard Arnault, the founder and CEO of LVMH and the world’s fourth-richest person with a net worth of $184 billion, is making waves in the tech world with his recent investments in artificial intelligence. Through his tech-focused venture firm and family office, Aglaé Ventures, Arnault has made significant AI-related investments in 2024. Five
Starbucks, a once-thriving coffee giant, has hit a rough patch in recent years due to a myriad of operational challenges, including issues with mobile orders. As incoming CEO Brian Niccol prepares to take the helm on September 9, he faces a daunting task of turning the struggling company around. With investors and executives pointing fingers
The federal minimum wage has remained stagnant at $7.25 per hour for the past 15 years, leaving many workers struggling to make ends meet. Despite efforts by some states to enact higher minimum hourly pay rates, there are still 20 states where the minimum wage is no higher than the federal level. This lack of
In the realm of project management software providers, Monday.com (MNDY) has recently caught the attention of top Wall Street analysts. The company’s impressive second-quarter results and raised full-year outlook have propelled it to the top of the list for many investors. Notably, Monday.com saw a 49% increase in the number of paid customers with more
Gilead Sciences recently revealed a disturbing drug-counterfeiting operation that involved the tampering and unauthorized resale of its HIV medications, putting patients at risk. The operation, allegedly orchestrated by Peter Khaim, a known medical fraudster, took place at two pharmacies in New York City – 71st RX and Best Scripts. According to court documents, Khaim was
As the market experiences increased volatility, investors are constantly seeking ways to protect their assets while still maintaining exposure to potential gains. One such strategy that has gained attention is the use of buffer exchange-traded funds (ETFs). These buffer ETFs offer investors a level of protection from market downturns while allowing them to participate in
Inflation in the United States continued to show signs of retreat in July. The consumer price index, a key measure of inflation, increased by 2.9% from a year ago, according to the U.S. Department of Labor. This figure represents a decline from the 3% inflation rate recorded in June and marks the lowest reading since
The recent ruling by a U.S. judge to temporarily block media giants Disney, Warner Bros. Discovery, and Fox from launching their sports streaming service, Venu, has sparked a wave of controversy in the industry. The injunction, granted in response to a lawsuit filed by Fubo TV, has raised questions about the potential anticompetitive nature of