- BusinessInvestor's Business Daily•3 hours ago
JPMorgan, Bank Of America Lead 4 Bank Stocks Near Buy Points After Fed Moves
JPMorgan (JPM), Bank of America (BAC), Morgan Stanley (MS) hovered near buy points on Thursday following the Federal Reserve decision to begin paring its massive bond holdings and sticking to a hawkish forecast for raising interest rates. PNC Financial Services (PNC) is moving into a buy zone, joining Citigroup (C). JPMorgan, which climbed 0.4% to 95.02 in morning trade in the stock market today, is in a flat base with a 95.32 buy point. Bank of America, whose large U.S. operations make it sensitive to the Fed's rate hikes, is in a shallow base with a 25.45 buy point. BofA shares edged up 1 cent to 25.07. Morgan Stanley is in a shallow base with a 49 buy point. Morgan Stanley dipped 4 cents to
- BusinessBloomberg•5 hours ago
It’s a Bad Time to Be a Big Jet
For the better part of a decade, the skies have grown increasingly hostile to jumbo jets such as Boeing Co.’s 747 and Airbus SE’s A380. Now the fuel-efficient planes intended to replace those behemoths are also encountering resistance. Interest in Boeing’s 777X, a revamped version of its biggest wide-body set to begin deliveries in 2020, is flagging. And in recent weeks, United Airlines and Cathay Pacific Airways Ltd. together have scratched 41 orders for the Airbus A350-1000, a twin-aisle plane designed to carry about 370 passengers, leaving Airbus with only 171 orders for the model. “We’re seeing sluggish demand” for the biggest planes, Steven Udvar-Házy, chairman of U.S jet-financing giant
NewsAssociated Press•yesterdayIowa Supreme Court hears woman's $75 speeding ticket case
An Iowa woman who says she was wrongly ticketed by an automated traffic camera when she wasn't speeding has accomplished the unusual feat of getting the state Supreme Court to consider her $75 small-claims case. Leaf said she pursued the case all the way to the Iowa Supreme Court for a simple reason: She's not guilty.
