U.S. Markets open in 5 hrs 25 mins

Boeing's folding wingtips get the FAA green light

Kris Holt

Passengers on Boeing's new line of 777 planes might not have to take a bus from the gate across the tarmac, despite much larger wings potentially making it difficult for the aircraft to navigate terminals. That's because the company received Federal Aviation Administration approval today for its folding wingtips -- those will let the planes stop at airport gates big enough to accommodate typical 777 models.

Once the 777X lands, the wingtips will rotate until they point upwards. Bloomberg notes that the plane will be the only commercial model in widespread use to have such a feature. Some smaller planes have foldable wings, including military aircraft that have to take up as little space as possible on aircraft carriers. NASA, meanwhile, is testing folding wings that adjust midair for supersonic flights.

The 777X's wingtips are so novel that US regulators had to draw up new standards for them. The FAA rubber-stamped those measures Friday.

The agency was concerned that the wingtips could cause safety issues -- some plane crashes occurred after pilots did not secure flaps on wings before takeoff. The FAA required Boeing to have several warning systems to make sure pilots won't attempt a takeoff before the wingtips are locked in the correct position. The FAA also wanted assurances that there was no way the tips would rotate during flight, and that the wings could handle winds of up to 75 miles per hour while on the ground.

The new wings are made from carbon-fiber composites that are stronger and lighter than the metal Boeing uses in other wings. That lets the company increase the wings' width by 23 feet to 235 feet, which makes flying more efficient. These are the widest wings Boeing has attached to a plane, surpassing the 747-8's 224 feet. However, it doesn't hold the record for a commercial plane: the Airbus A380 has a 262-foot-wide wing, which forced some airports to install gates specifically to accommodate it.

The FAA's decision moves the 777X closer to a commercial reality, four and a half years after the plane was announced. There was a setback recently, though: there was a three-month delay in starting trials of the engine, which General Electric is supplying, largely because of a compressor problem. There's been a delay with the wings too over a longer-than-expected process in crafting structural ribs, though Boeing hopes to be back on track by summer. Despite the hitches, Boeing is still working towards the 777X's first flight, which is scheduled for Q1 next year. Commercial departures won't take place until at least that December.

FAA

  • This article originally appeared on Engadget.
  • No One is More Excited About Meghan Markle and Prince Harry Than This Animal
    News
    Time

    No One is More Excited About Meghan Markle and Prince Harry Than This Animal

    Prince Harry and Meghan Markle, more formally known as the Duke and Duchess of Sussex, are touring Australia and while most of the locals are very excited to meet them, none were quite as overwhelmed as one little fella they met at the Taronga Zoo in Sydney. At the Zoo, the royal couple met koalas, including a set of baby koalas (or joeys) called Harry and Meghan, according to Australian outlet Now To Love, and a short-legged echidna named Lynx. Prince Harry, who has met echidnas before, was curious as to why the prickly Australian native was drooling.

  • 7 Stocks to Buy and Hold Through Any Market Selloff
    Business
    InvestorPlace

    7 Stocks to Buy and Hold Through Any Market Selloff

    Last week’s market collapse made headlines throughout the world. Since the sharp correction has negatively impacted virtually all investment sectors, you’re going to find discounted deals everywhere you look.

  • Is Costco Stock a Buy or a Sell After Earnings and Sales Results?
    Business
    Motley Fool

    Is Costco Stock a Buy or a Sell After Earnings and Sales Results?

    Costco Wholesale (NASDAQ: COST) is one of the true survivors of the so-called "retail apocalypse." It hasn't just scraped by, but has continued to grow at an admirable rate. As a result, Costco stock has roughly doubled over the past five years, easily outpacing the S&P 500. The warehouse club giant reported its earnings for the fourth quarter of its 2018 fiscal year in the first week of October and released a sales update for September -- the first month of fiscal 2019 -- last week.

  • Here's the Average Social Security Benefit for 2019
    Business
    Motley Fool

    Here's the Average Social Security Benefit for 2019

    Millions of seniors collect Social Security, and without it, they'd be underwater on their bills. At present, the average retiree gets $1,422 a month in Social Security benefits. There's a world of misinformation surrounding Social Security, and perhaps one of the most detrimental myths out there is the notion that the program is enough to sustain seniors by itself.

  • Boeing delivers first 737 Max 8 BBJ and unveils Max 7 luxury interior (Photos)
    Business
    American City Business Journals

    Boeing delivers first 737 Max 8 BBJ and unveils Max 7 luxury interior (Photos)

    Boeing has delivered its very first 737 Max 8 business jet to a paying customer. It's the first of 20 BBJ Max jets that buyers from around the world have ordered from the Chicago-based jetmaker since they went on sale. Boeing spokesman Dmitry Krol declined to identify the buyer of the jet, which is the second of its kind made at Boeing's Renton 737 factory.

  • Marijuana Stocks to Watch in October -- and Into 2019
    Business
    Motley Fool

    Marijuana Stocks to Watch in October -- and Into 2019

    Tomorrow, Wednesday, Oct. 17, Canada will become the first industrialized county in the world where marijuana is legal for adult recreational use -- and only the second country, along with Uruguay, where such use is legal.  Not only does this open up

  • Jamal Khashoggi was accidentally killed during interrogation: report
    World
    Fox Business Videos

    Jamal Khashoggi was accidentally killed during interrogation: report

    Fox Business foreign policy analyst Walid Phares on the report that Saudi journalist Jamal Khashoggi was accidentally killed.

  • Business
    CNBC

    Cramer reveals 5 health-care stocks he likes right now, including UnitedHealth and HCA

    More From CNBC Top News and AnalysisLatest News VideoPersonal Finance

  • General Electric (GE) Stock Sinks As Market Gains: What You Should Know
    Finance
    Zacks

    General Electric (GE) Stock Sinks As Market Gains: What You Should Know

    With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

  • Many U.S. mall owners say good riddance to Sears
    Finance
    Reuters

    Many U.S. mall owners say good riddance to Sears

    The real estate investment trusts that own the malls and shopping centers where many Sears stores are anchor tenants have waited years for the retailer's demise to renovate the sites and boost rent, although redevelopment costs may strain some plans. Most large U.S. malls are controlled by REITs. In recent years, the REITs have cut their exposure to Sears Holdings Corp, which filed for Chapter 11 bankruptcy on Monday.

  • Where Will NVIDIA Be in 5 Years?
    Business
    Motley Fool

    Where Will NVIDIA Be in 5 Years?

    At one time, NVIDIA (NASDAQ: NVDA) floated under the radar in the technology sector. Its graphics processing units (GPUs) were then niche tech products that appealed mainly to graphic artists and hardcore PC gamers, but that all changed over the last

  • Saudi Arabia using the 'oil weapon option' could cause prices to soar to $150
    World
    Business Insider

    Saudi Arabia using the 'oil weapon option' could cause prices to soar to $150

    Analysts see a 1973-style embargo as unlikely, but warn oil prices could hit triple-digits if tensions escalate. "We believe that Saudi leadership would be extremely reluctant to exercise the oil weapon option, as its reputation as the world’s stable, reliable oil central banker would be severely undercut," RBC analysts wrote in a research note.

  • Cramer: 'Cannabis might be the most disruptive force sinc...
    Business
    CNBC Videos

    Cramer: 'Cannabis might be the most disruptive force sinc...

    Jim Cramer surveys the pot craze as Canada prepares to legalize cannabis nationwide and flags the companies he thinks will be long-term winners.

  • Piers Morgan Mocked Daniel Craig For the Way He Carries His Child and Dads Are Clapping Back
    News
    Time

    Piers Morgan Mocked Daniel Craig For the Way He Carries His Child and Dads Are Clapping Back

    Piers Morgan the British TV personality, saw a photo of Daniel Craig carrying his infant daughter—and decided to mock him. His tweet featured a photo of the James Bond star carrying his baby in a baby carrier and included the hashtag #emasculatedBond

  • 3 Stocks for Warren Buffett Fans
    Business
    Motley Fool

    3 Stocks for Warren Buffett Fans

    Warren Buffett has no shortage of acolytes, and it's easy to see why. The Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) chief and founder has made thousands of early investors in his conglomerate rich as the parent of businesses like GEICO car insurance and Burlington Northern Santa Fe railroad has posted average annual returns of 20% over the last 50 years, crushing the market. Buffett has never gotten too big for his britches, however.

  • Netflix user growth beats expectations, shares spike
    Finance
    Yahoo Finance

    Netflix user growth beats expectations, shares spike

    Netflix (NFLX) reported user growth that exceeded Wall Street expectations, underscoring a recovery for the online streamer following a rare miss in new user additions last quarter.The Los Gatos, California-based company brought on 6.96 million total new streamers, beating its own guidance of 5 million total member additions for the quarter. The company issued guidance that it would add 9.4 million new members in the fourth quarter of 2018. Netflix’s stock rose 13% in late trading Tuesday.

  • Brits Are All Making the Same Joke About the New Royal Baby
    News
    Time

    Brits Are All Making the Same Joke About the New Royal Baby

    Meghan Markle, the Duchess of Sussex, is expecting her first child with Prince Harry. The news, announced Monday morning by Kensington Palace, has already been greeted by hundreds of messages of congratulations for the royal couple on social media. The U.K. is set to leave the European Union on March 29, exactly two years after Prime Minister Theresa May started the formal process for doing so by invoking Article 50 of the Lisbon Treaty.

  • The Largest Private Employer in the World May Soon Sell Marijuana Products
    Business
    Motley Fool

    The Largest Private Employer in the World May Soon Sell Marijuana Products

    With literally hours remaining, Canada is set to lift the curtain on nine decades of recreational marijuana prohibition tomorrow. This makes Canada the first industrialized country in the world to legalize adult-use weed. As you might rightly imagine, investors can't wait for this legalization to take place.

  • Walmart is aggressively shifting away from its most legendary shopping format
    Finance
    Yahoo Finance

    Walmart is aggressively shifting away from its most legendary shopping format

    Walmart (WMT) continues to kill off the American shopping creation it’s most known for, the massive supercenter that sells everything under one roof. With the U.S. market already having more than 3,500 Walmart supercenters and a focus by CEO Doug McMillon to increase spending on eCommerce and India, Walmart said Tuesday it will open a mere 10 supercenters in 2019. The company has reduced emphasis on the store format pioneered by founder Sam Walton – which could average a gargantuan 178,000 square feet – in recent years.

  • A Look at AT&T’s Dividends
    Business
    Market Realist

    A Look at AT&T’s Dividends

    What Investors Should Know about AT&T’s Growth Prospects (Continued from Prior Part) Shareholder returns Increasing capital returns to shareholders is one of AT&T’s (T) main priorities. In the second quarter, the company returned $3.1 billion to shareholders

  • Finance
    CNBC

    Morgan Stanley: The stock sell-off is going to get worse

    The stock market is in the middle of a rolling bear market, says Morgan Stanley's Mike Wilson. "It's being caused by a drain in liquidity and peaking growth," Wilson says. The stock market sell-off is only going to get worse, predicts Morgan Stanley's chief U.S. equity strategist, Mike Wilson.

  • These are the bad things about early retirement that no one talks about
    News
    MarketWatch

    These are the bad things about early retirement that no one talks about

    For all the glamour of living an early retirement lifestyle, there are plenty of negatives I’ve come to discover since I permanently left my job in 2012. As a result, you’re repeatedly forced to will yourself into action.

  • Price Target Update for Canopy Growth in October
    Business
    Market Realist

    Price Target Update for Canopy Growth in October

    How Analysts Rate These Cannabis Stocks in October (Continued from Prior Part) Canopy Growth Without a doubt, Canopy Growth (CGC)(WEED) has been one of the hottest cannabis stocks on the market (MJ). The company is one of the most valuable companies,

  • Marijuana stocks to watch: Canopy Growth is the cannabis business’s $4 billion gorilla
    Business
    MarketWatch

    Marijuana stocks to watch: Canopy Growth is the cannabis business’s $4 billion gorilla

    The following article is part of a package of stories that MarketWatch is publishing to mark the start of full legalization of cannabis for adult use in Canada on Wednesday. Smith Falls, Ontario–based Canopy Growth Corp. made headlines and drove cannabis stocks to new heights over the summer when it announced that Corona brewer Constellation Brands Inc. was going to invest an additional $4 billion in the company. Billed by both companies as a strategic partnership, the additional $4 billion investment adds to the 9.9% stake that Constellation bought in October of last year and sets the company up to either be bought outright by Constellation — via warrants that could increase its stake to more than 50% — or continue to work with the beverage company to create a range of consumer-focused cannabis products that may one day appear in markets in dozens of countries.

  • Business
    InvestorPlace

    30 Marijuana Stocks to Buy as the Future Turns Green

    With the previous presidential administration’s frankness on the matter, marijuana has become more blasé. Naturally, marijuana stocks have also increased in popularity, where we have more choices today than was previously thought possible. For instance, some of the top marijuana stocks are levered toward medical cannabis.