Boeing Stocks Retreat as 737-800 Crash in Iran Claims 176 Lives

A Boeing 737-800 airliner belonging to Ukrainian International Airlines has crashed shortly after taking off from Tehran’s international airport, with an estimated 176 passengers on board feared dead. According to reports from Iranian state news agency which quoted the airport’s spokesman, the plane went down after a “technical failure following [...]

Boeing’s Shares Rise in Pre-market as CEO Muilenburg Resigns

Shares of Boeing have risen 1.5% after pre-market trading resumed, following the major leadership changes at the top management of the embattled company. Trading in shares of Boeing on the NYSE was suspended after it was announced that Dennis A. Muilenburg had resigned from his position as President and Chief [...]

Fedex Stocks Slump in Pre-market NYSE Trading on Earnings Miss

Fedex Stocks Slump in Premarket on Earnings Forecast Slash Stocks of Fedex slumped by more than 7% in pre-market trading as the company’s earnings and revenues disappointed to the downside. Fedex also downgraded its earnings forecasts for 2020, citing escalating costs and slimmer revenues. Fedex saw its earnings slip by [...]
FedEx deliver

FedEx Fails to Deliver, FDX Sinks

FedEx stocks (FDX) plunged close to 7% on Monday after it reported weaker-than-expected earnings for the second quarter of 2019. FDX traded as high as $168.26 and as low as $161.47 before it closed at $164.25. Yesterday, the stock drifted even lower to $161.06 before closing the day at $163.23. [...]

Uber’s Stock Down in Pre-Market as Company Loses London License

Ride-sharing app company Uber has been told by the local transport regulator that its license to operate in London will not be renewed. Local regulator Transport for London (TfL) says a pattern of failures which placed passenger safety and security at significant risk was behind the decision. The company has...

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