Boeing Edges Lower After Flagging Possible Production Issue in Some 737 MAX Jets

© Reuters. By Dhirendra Tripathi Investing.com – Boeing (NYSE:) shares turned negative in Friday’s premarket after the company flagged fresh problems with its troubled 737 MAX airliner. The airplane maker disclosed it had asked 16 customers to address a potential production issue related to an electrical power system in certain variants of the 737 MAX, […]

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Ford to partly assemble some vehicles, idle two plants due to global chip shortage

2/2 © Reuters. FILE PHOTO: Ford Motor Co’s logo pictured in 2019 2/2 By Ben Klayman DETROIT (Reuters) – Ford Motor (NYSE:) Co said on Thursday it for now will assemble its flagship, highly profitable F-150 pickup trucks and Edge SUVs in North America without certain parts and idle two assembly plants due to the […]

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Exclusive: Kuwait plans to shorten oil supply deals for some Asian buyers – sources

© Reuters. FILE PHOTO: A worker rides a bicycle at the Bharat Petroleum Corporation refinery in Mumbai By Nidhi Verma NEW DELHI (Reuters) – Oil producer Kuwait Petroleum Corp (KPC) is in talks to shorten its annual supply deals with some customers in India and Japan to nine months this year to meet demand from […]

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Exclusive: Kraft Heinz, Conagra may raise some product prices as grains, edible oil costs surge

2/2 © Reuters. FILE PHOTO: Heinz tomato ketchup is show on display during a preview of a new Walmart Super Center prior to its opening in Compton, California 2/2 By Richa Naidu and Siddharth Cavale CHICAGO (Reuters) – Kraft Heinz (NASDAQ:) Co and Conagra Brands (NYSE:) Inc said they may choose to raise prices this […]

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EUR/USD eases towards key near-term level as the dollar shows some fight

EUR/USD falls to 1.2105 and nears a test of its 100-hour moving average The greenback is higher across the board in European morning trade and is starting to run against some key levels on the charts today. Of note, EUR/USD is now down to near 1.2100 as price closes in on a test of the […]

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Record closes across the board with small caps/NASDAQ leading the way, but some market big cap favorites not joining in.

Russell index rises by 2.36%. The major indices are all closing at record high levels, with today the Dow Industrial Average joining the S&P, Nasdaq and smaller cap Russell 2000 index (they each closed at records on Friday).   The indices are also closing near the highs for the day. Leading the way is the Russell 2000 which is […]

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Dollar continues to hold slightly firmer, risk showing some hints of calming down

The risk rout calms down ahead of North American trading The greenback continues to lead the charge in the major currencies space but gains have been trimmed somewhat across the board as risk sentiment exudes some calmer tones. The DAX fell by nearly 2% earlier in the session but has trimmed losses well beyond opening […]

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AUDUSD and NZDUSD some early upside risk-on flows

AUDUSD tests the high from yesterday. NZDUSD price cracks above topside trend line resistance. The AUDUSD is trading higher in early Asian session trading taking it’s clues from a higher stock opening and record closes in the US. The NZDUSD is also higher and tests a topside trend line on the hourly chart. Looking at the […]

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Pilgrim’s Pride, Tyson Foods settle some chicken price-fixing litigation

© Reuters. By Jonathan Stempel (Reuters) – Pilgrim’s Pride (NASDAQ:) Corp and Tyson Foods Inc (NYSE:) said on Monday they have settled price-fixing litigation by a group of poultry buyers that accused them of violating U.S. antitrust law by conspiring to inflate chicken prices. Pilgrim’s Pride, owned mainly by Brazil’s JBS SA (OTC:), will pay […]

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FAA chief vows tough line after some Trump supporters disrupt flights

2/2 © Reuters. FILE PHOTO: Supporters of U.S. President Donald Trump storm into the U.S. Capitol 2/2 By David Shepardson WASHINGTON (Reuters) – The head of the Federal Aviation Administration (FAA) on Saturday vowed to take “strong enforcement action” against unruly passengers following reports of supporters of U.S. President Donald Trump disrupting flights returning from […]

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