(Reuters) – Jeffrey Gundlach, the chief executive of DoubleLine Capital and Wall Street’s Bond King, called the increasingly popular Modern Monetary Theory backed by progressives a “crackpot” idea.
NEW YORK (Reuters) – The S&P 500 and the Nasdaq rose on Tuesday after tame inflation data underscored the Federal Reserve’s dovish stance on interest rate hikes, but the Dow ended lower as Boeing’s shares sank for a second day after one of its planes crashed in Ethiopia.
BENGALURU (Reuters) – India will not allow U.S. planemaker Boeing Co’s 737 MAX aircraft to enter or transit its airspace after 1030 GMT, the ministry of civil aviation said on Wednesday, following the fatal crash of a plane of the same type in Ethiopia on Sunday.
BEIRUT (Reuters) – Lebanon’s aviation authority on Wednesday said it had banned all Boeing 737 MAX planes from landing in Beirut or flying in Lebanese airspace, state news agency NNA said.
(Reuters) – Ride-hailing startup Uber Technologies Inc has hired a string of investment banks to its syndicate of initial public offering underwriters, as it ramps up preparations for a stock market debut, people familiar with the matter said on Tuesday.
ADDIS ABABA (Reuters) – The black boxes from a Boeing 737 MAX 8 plane that crashed in Ethiopia, killing 157 people, will be sent to Europe for analysis, a spokesman for Ethiopia Airlines said on Wednesday.
SHANGHAI (Reuters) – A growing number of companies trading on China’s main over-the-counter (OTC) equity market are defecting to Shanghai’s hotly-anticipated Nasdaq-style technology board, as they follow the money.
ADDIS ABABA (Reuters) – Two black box recorders recovered from the crash of Ethiopia Airlines flight 302 are still in the capital Addis Ababa as discussions continue about where in Europe to send them, the airline said on Wednesday.
ADDIS ABABA (Reuters) – The black boxes from a Boeing 737 MAX 8 plane that crashed in Ethiopia on Sunday, killing 157 people, will be sent to Germany for analysis, an Ethiopian Airlines spokesman said.
BERLIN (Reuters) – Volkswagen said on Wednesday it would halt preparations for an initial public offering (IPO) of its trucks unit Traton until market conditions improve, stalling what was expected to be Germany’s biggest share offering this year.
NEW YORK (Reuters) – World equity markets advanced broadly on Wednesday after U.S. data again showed risk-friendly low inflation, which weakened the dollar, while Boeing shares gained even as the United States said it would ground the company’s 737 MAX aircraft.