Boeing CEO to step down, EU targets Apple, Alphabet, and Meta, Yahoo Finance launches Wealth!
Boeing (BA) announced a significant management shakeup this morning. The company says CEO Dave Calhoun will step down at the end of 2024, Chairman of the Board Larry Kellner will also step down in May, and Boeing Commercial Airplanes CEO Stan Deal will step down immediately. The shakeup comes amid tense times for the company following a series of issues, including a door plug blowing out mid-flight on an Alaska Airlines (ALK) flight in January. The EU has formally launched probes into tech giants Apple (AAPL), Meta (META), and Alphabet (GOOGL, GOOG) under the new Digital Markets Act. The investigations center around several things, including Apple's App Store, Google's Play Store, and Meta's ad-free subscription model. Investors are kicking off a shortened but busy trading week on Wall Street. Traders are still digesting the Federal Reserve's interest rate decision last week - Yahoo Finance will get critical insight into that decision with our exclusive interview with Chicago Fed President Austan Goolsbee at 9 a.m. ET. Yahoo Finance trending tickers include Advanced Micro Devices (AMD), Nvidia (NVDA), and Digital World Acquisition Corp. (DWAC).
Don't miss the premiere of Yahoo Finance's new show Wealth! Our personal finance-focused 11 a.m.-12 p.m. ET live hour will help you grow your money and build your finances holistically and comprehensively. It is hosted daily by Brad Smith and features a growing community of experts, advisers, and personal finance ‘influencers.’
Key guests today include:
10 a.m. ET - Jim Kelleher, Argus Director of Research
10:15 a.m. ET - Lawrence Yun, National Association of REALTORS Chief Economist
11:30 a.m. ET - Niladri Mukherjee, TIAA Chief Investment Officer of Wealth Management Division, and Michael Gayed, Tidal Financial Group Portfolio Manager
