“L’Europe! L’Europe! L’Europe!” was how an irritated French President Charles de Gaulle decried, in December 1965, the idea that a European integration was the answer to all of the continent’s problems. De Gaulle approved of the European customs union and an economic and political cooperation of nation states. He thought […]
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China orders its airlines to suspend use of Boeing 737 Max planes after fatal crash
China’s aviation regulator has ordered domestic airlines to suspend their Boeing 737 Max aircraft, following a deadly crash on Sunday of a 737 Max 8 operated by Ethiopian Airlines. The Civil Aviation Administration of China (CAAC) said it will notify airlines about when to resume operations of the planes after […]
China suspends commercial operations of Boeing 737-8 planes
China’s civil aviation regulator said on Monday that it had ordered Chinese airlines to suspend the commercial operations of all Boeing 737 MAX aircraft by 6 p.m. local time (1000 GMT) following a deadly crash of one of the planes in Ethiopia. An Ethiopian Airlines 737 MAX 8 bound for […]
Fed Chair Powell: ‘The law is clear,’ Trump can’t fire me
Federal Reserve Chairman Jerome Powell said in an interview aired Sunday that he does not think he can be fired by President Donald Trump. While continuing to avoid direct comment on the president’s withering criticism of central bank interest rate policy, Powell told “60 Minutes” that Trump can’t remove him […]
Trump’s budget will project 3% GDP growth over the next few years – defying consensus forecasts
WASHINGTON – President Donald Trump’s budget will project that the economy continues to grow at a 3 percent rate or higher over the next five years, despite a more pessimistic consensus from outside forecasters. The White House will release the president’s budget Monday, along with its assumptions about how the […]
Central banks dramatically reversing their stances shouldn’t create so much unease: Invesco
Invesco’s Kristina Hooper believes Wall Street’s preoccupation with the global growth slowdown is misguided. But she understands why there’s worry. According to Hooper, significant shifts in central banks’ monetary policies are fanning those fears instead of giving the market confidence. She suggests it’s creating more questions than answers — and […]
Walmart is billing itself as a tech company at this year’s SXSW
South by Southwest isn’t just about music, film and other media entertainment. The biggest retailer in the world will be at SXSW in Austin this year, selling itself as a tech company. Walmart‘s chief technology officer, Jeremy King, is taking the stage at the annual conference to walk audience members […]
The bond market is flashing a major buy sign for stocks, says Jim Paulsen
After a remarkable rebound off December lows, the market rally has hit a snag. The S&P 500, Dow and Nasdaq just had their worst week of the year with all three down for a fifth day in a row. That’s the first time all the indices have been down every […]
Elizabeth Warren wants to turn the internet into a literal sewer (service)
This post originally appeared on the Truth on the Market blog and is republished here with permission. Near the end of her new proposal to break up Facebook, Google, Amazon, and Apple, Senator Warren asks, “So what would the Internet look like after all these reforms?” It’s a good question, […]
Boeing’s top-selling plane raises safety concerns after second deadly crash in 5 months
Boeing‘s fastest-ever selling aircraft is sparking safety concerns after an Ethiopian Airlines 737 MAX jet crashed shortly after takeoff on Sunday, killing everyone on board. It is the second deadly crash for the plane in less than five months. Ethiopian Airlines Flight 302 crashed in a rural area southeast of […]