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AI chiefs walk back job apocalypse warnings
AFP84d agoneutral
AI chiefs walk back job apocalypse warnings

The most prominent figures in artificial intelligence are stepping back from dire predictions about mass unemployment, as the industry faces growing public hostility over AI's promised transformation of the workplace.But earlier doom-laden statements have now come to haunt the AI industry as the public, notably in the United States, voices serious discontent in polling over the disruption that tech companies and political leaders predict from AI. Most economic institutions, most recently the Eur

FAA expects Boeing MAX 7 to be certified this summer, sees more production hikes
Reuters84d agoneutral
FAA expects Boeing MAX 7 to be certified this summer, sees more production hikes

WASHINGTON, May 27 (Reuters) - The head of the Federal Aviation Administration said on Wednesday that he expects the Boeing 737 MAX 7 to be ‌certified this summer and the larger MAX 10 to be approved before the end ‌of the year. FAA Administrator Bryan Bedford told Reuters at an aviation forum in Washington that he also expects Boeing ​will again hike production of the 737 MAX in the next 90 days.

24/7 Wall St.84d agoneutral
The Stock Market Just Had One of Its Strongest 8-Week Runs Ever. History Says It May Not Be Done Yet

Wall Street spent the first quarter of 2026 looking like it had misplaced the map. Inflation readings from the Bureau of Labor Statistics moved higher, consumer confidence sank to record lows, and Treasury yields climbed as investors questioned whether the Federal Reserve would cut rates at all this year. By March 30, the S&P 500 ... The Stock Market Just Had One of Its Strongest 8-Week Runs Ever. History Says It May Not Be Done Yet

I Was Wrong About Inflation and Missed a Huge Stock Rally: The One Investing Discipline That Could Have Saved Me
24/7 Wall St.84d agoneutral
I Was Wrong About Inflation and Missed a Huge Stock Rally: The One Investing Discipline That Could Have Saved Me

Most investors skip the simplest piece of self-accountability available to them. They form a thesis, place a trade, and then let time blur the original reasoning into something vaguer and more flattering. Clare Flynn Levy, the former hedge fund manager who founded behavioral analytics firm Essentia Analytics, has a fix for that, and she shared ... I Was Wrong About Inflation and Missed a Huge Stock Rally: The One Investing Discipline That Could Have Saved Me

Boeing increasing 737 production after consulting FAA
Reuters84d agoneutral
Boeing increasing 737 production after consulting FAA

May 27 (Reuters) - Boeing is increasing 737 production to 47 jets a month, up from 42, after consulting with the Federal Aviation Administration, Boeing CEO Kelly Ortberg said on Wednesday. "We're off and rolling at the 47 rate, and we ‌should be there in the next couple months," Ortberg said at the Bernstein Annual Strategic Decisions Conference.

Boeing Hits a Key Milestone. The Stock Is Up.
Barrons.com84d agoneutral
Boeing Hits a Key Milestone. The Stock Is Up.

Boeing stock rose after CEO Kelly Ortberg gave investors some good news about an important 737 MAX milestone. The company passed its capstone review with the Federal Aviation Administration, allowing it to increase its 737 MAX production to 47 jets a month, Ortberg said at the Bernstein Strategic Decisions investor conference Wednesday. Most recently, Boeing had been making 42 MAX jets a month, after getting FAA approval to raise production in late 2025.

Investing.com84d agoneutral
JPMorgan lifts FedEx to Overweight ahead of freight spin-off

Investing.com -- JPMorgan upgraded FedEx to Overweight from Neutral on Wednesday, raising its price target to $460 from $432, as the bank's analysts said the stock offers an attractive opportunity ahead of a pivotal period for the logistics giant.

Boeing Says It’s Ready to Increase MAX Production Again
The Wall Street Journal84d agoneutral
Boeing Says It’s Ready to Increase MAX Production Again

Boeing's CEO said the company is ready to expand production of its 737 MAX models to 47 jets a month, a hopeful sign for its effort to move past quality-control problems. CEO Kelly Ortberg said Boeing recently passed a "capstone review" of its MAX production, clearing the way for its next increase in output. The Federal Aviation Administration capped Boeing's monthly manufacturing rate in 2024 after the midair blowout of a 737 MAX door panel, and regulators last year removed some production restrictions, but the company has ramped up output gradually to avoid snags.

Fed Chair Kevin Warsh Was Just Sworn In at the White House. The Last Time This Happened, the Stock Market Crashed
24/7 Wall St.84d agobearish
Fed Chair Kevin Warsh Was Just Sworn In at the White House. The Last Time This Happened, the Stock Market Crashed

For years, investors could count on one thing from the Federal Reserve: when the economy weakened, rate cuts were usually right around the corner. But 2026 is shaping up differently. Inflation has started climbing again, even as the labor market cools. Unemployment is up to 4.3% while consumer prices accelerated above the Fed’s 2% target ... Fed Chair Kevin Warsh Was Just Sworn In at the White House. The Last Time This Happened, the Stock Market Crashed

Trump’s Bull Market is Over? Not a Chance! JPM Says S&P Can Rally 22% From Here
24/7 Wall St.84d agobullish
Trump’s Bull Market is Over? Not a Chance! JPM Says S&P Can Rally 22% From Here

Everywhere investors look, the warning signs seem to be multiplying. Inflation ticked higher again in the latest Consumer Price Index report from the Bureau of Labor Statistics. Producer prices are climbing, too, raising concerns companies may eventually pass those costs onto consumers. The University of Michigan’s consumer confidence index recently hit its lowest reading in ... Trump’s Bull Market is Over? Not a Chance! JPM Says S&P Can Rally 22% From Here

Associated Press84d agoneutral
How AP and Equilar calculated CEO pay

For its annual analysis of CEO pa y, The Associated Press used data provided by Equilar, an executive data firm. Equilar examined regulatory filings detailing the pay packages of 337 executives. Equilar looked at companies in the S&P 500 index that filed proxy statements with federal regulators between Jan. 1 and April 30, 2026.

Energy Stocks Are Secretly Better Than Treasuries. Here’s Why Bob Brackett Is Loading Up on Exxon and Chevron.
24/7 Wall St.84d agoneutral
Energy Stocks Are Secretly Better Than Treasuries. Here’s Why Bob Brackett Is Loading Up on Exxon and Chevron.

On a recent episode of The Real Eisman Playbook, Bernstein Research senior energy analyst Bob Brackett made a claim that should change how income investors look at the oil majors. “Don’t compare the yields you get from a commodity company to government yields. Compare them to TIPS. These are inflation protected,” he told host Steve ... Energy Stocks Are Secretly Better Than Treasuries. Here’s Why Bob Brackett Is Loading Up on Exxon and Chevron.

Here Are Wednesday’s Top Wall Street Analyst Research Calls: Agilent, Dollar General, FedEx, GE Aerospace, Hershey, Intuit, SanDisk, Workday, Zscaler, and More
24/7 Wall St.84d agoneutral
Here Are Wednesday’s Top Wall Street Analyst Research Calls: Agilent, Dollar General, FedEx, GE Aerospace, Hershey, Intuit, SanDisk, Workday, Zscaler, and More

Pre-Market Stock Futures: Futures are trading higher as we hit the mid-week point, as the technology-led rally continues to spiral higher. While the major indices finished the day mixed, the technology-heavy Nasdaq led the way once again, closing at a new record high of 26,656, up 1.19%, while the S&P 500 also set a new ... Here Are Wednesday’s Top Wall Street Analyst Research Calls: Agilent, Dollar General, FedEx, GE Aerospace, Hershey, Intuit, SanDisk, Workday, Zscaler, and More

Americans Are About to Pay Even More at the Grocery Store
Bloomberg84d agoneutral
Americans Are About to Pay Even More at the Grocery Store

(Bloomberg) -- As Americans confront a surge in prices at the pump, another inflation wave is headed for the grocery store.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Diplomats and Citizens From KyivUS Strikes Targets in Iran Even as Trump Hails Progress on DealA combination of factors including bad weathe

Book Those Summer Airline Tickets Now to Beat Even Higher Fares
The Wall Street Journal85d agobullish
Book Those Summer Airline Tickets Now to Beat Even Higher Fares

TRAVEL NEWSLETTER Happy Friday! We’ve got gobs of travel news to digest this week, so let’s dive in. Struggling Spirit Airlines looks like it might get a lifeline from the federal government, though no deal has been finalized.

Bank of America resets Apple stock price target on AI update
TheStreet85d agoneutral
Bank of America resets Apple stock price target on AI update

Apple has spent much of 2026 defending itself. Tariff concerns. Questions about AI pace. A market that has rewarded louder AI stories more generously. The stock has still gained over 50% in the past 12 months, but the narrative has been harder to hold. On May 26, Bank of America analyst Wamsi Mohan ...

Attorney Generals urge STB to reject new rail merger application
FreightWaves85d agoneutral
Attorney Generals urge STB to reject new rail merger application

A group of Attorneys General are again urging federal regulators to reject the application for the Union Pacific-Norfolk Southern transcontinental rail merger. The post Attorney Generals urge STB to reject new rail merger application appeared first on FreightWaves.

Memorial Day Shocker: Gas Prices Up 28%, Flights Up 21%, Coffee Up 18%, Even Hot Dogs Cost 11% More than Last Year
24/7 Wall St.85d agoneutral
Memorial Day Shocker: Gas Prices Up 28%, Flights Up 21%, Coffee Up 18%, Even Hot Dogs Cost 11% More than Last Year

Memorial Day is supposed to feel like a victory lap into summer: gas tank full, cooler packed, suitcase in the trunk. This year, it feels like sticker shock. A snapshot circulated by Ed Elson, host of the Prof G Markets podcast, on X on May 25, lined up seven everyday inflation categories against last year’s ... Memorial Day Shocker: Gas Prices Up 28%, Flights Up 21%, Coffee Up 18%, Even Hot Dogs Cost 11% More than Last Year