By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration plans to convene a review board in the coming weeks to consider safety concerns about engines on Boeing 737 MAX airplanes after two bird strike incidents on Southwest Airlines planes in 2023. The FAA said it is addressing an issue with …
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Read More »Advance Plans to Borrow Against $1.2 Billion Reddit Stake
(Bloomberg) — A Reddit Inc. shareholder is seeking to establish a credit facility using an equity stake in the company, according to a person familiar with the matter. Most Read from Bloomberg Advance Magazine Publishers Inc., the arm of the Newhouse family publishing empire that owns Conde Nast, is offering …
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Read More »MicroStrategy Tumbles After Citron Research Shorts the Stock
(Bloomberg) — MicroStrategy Inc shares tumbled after Andrew Left’s Citron Research said in a post on X that it’s betting against the software company, which has effectively transformed itself into a Bitcoin investment fund. Most Read from Bloomberg The stock fell 16% to close at about $397, reversing a gain …
Read More »Market Update: HAS, HD, CHTR, FOXA
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Read More »Dow, S&P 500 rise while Nasdaq slips as Nvidia, Alphabet tumble
US stocks whipsawed Thursday as investors digested Nvidia’s (NVDA) earnings and a more than 6% tumble from Alphabet (GOOG, GOOGL) amid a Department of Justice move to break up its empire. The Dow Jones Industrial Average (^DJI) was up 0.9%, while the S&P 500 (^GSPC) gained 0.3%. The tech-heavy Nasdaq …
Read More »Why Alphabet Stock Was Sliding Today
Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were pulling back today after the U.S. Justice Department (DOJ) asked a judge overseeing an antitrust case against the Google parent to order Alphabet to sell its popular Chrome web browser. The news was the latest sign of regulatory aggression toward Alphabet, and …
Read More »Is Now a Good Time to Buy the Dip in Eli Lilly Stock?
Owning shares of pharmaceutical giant Eli Lilly (NYSE: LLY) has generally been a great idea over the past year. Lilly’s diabetes medication Mounjaro and its sibling treatment for chronic weight management Zepbound have evolved into blockbuster drugs in short order — helping fuel Lilly stock to new all-time highs earlier …
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