Inhale...here's one from last week:
Boeing and Former CEO to Pay $200 Million and $1 Million to Settle SEC Charges
Today, The Securities and Exchange Commission charged The Boeing Company (NYSE: BA) and its former CEO, Dennis A. Muilenburg, with making materially misleading public statements following crashes of Boeing airplanes in 2018 and 2019.
According to the SEC’s orders, after the first crash, Boeing and Muilenburg knew that the Maneuvering Characteristics Augmentation System (MCAS) posed an ongoing airplane safety issue, but nevertheless assured the public that the 737 MAX airplane was safe. Following the second crash, the company and Muilenburg misled investors by providing assurances that there were no slips or gaps in the certification process with respect to MCAS, despite knowing about serious safety concerns.
The company and Muilenburg consented to cease-and-desist SEC orders that include penalties of $200 million and $1 million, respectively.
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Oil prices hit nine-month low on recession fearsBy
Noah Browning LONDON (Reuters) -Oil prices hit nine-month lows on
Monday, driven down by an expected decline in fuel demand as rising
interest rates raise the likelihood of global recession, with further...
Citi Reiterates its 4200 S&P 500 Price Target, Expects a Risk-on Rally in Q4Despite
several top strategists calling for the continuation of U.S. stocks
selloff into the end of 2022, Citi U.S. Equity Strategist Scott Chronert
reaffirmed the banks 4200 year-end target.Chronert urged clients to...
Futures shackled by rate-hike, recession worries(Reuters)
- U.S. stock index futures fell on Monday, kicking off another week on
softer footing, as investors worried that the Federal Reserve's
aggressive push to curb inflation may tip the American economy...S&P 500 Will See 3000-3400 Later This Year, Morgan Stanley's Wilson Warns AgainWith
the Fed removing any remaining doubts about its commitment to strongly
tackle extremely high inflation, Morgan Stanleys top equity strategist
Michael Wilson is increasingly confident in his prediction that U.S.
stocks are yet...
Sterling crumbles to all-time low, euro at 20-year lowBy
Dhara Ranasinghe LONDON (Reuters) - Sterling crashed to a record low
early on Monday as traders rushed for the exits on mounting concern that
the new government's economic plan will stretch Britain's...
Xpeng (XPEV) CEO buys back 2.2 million sharesAccording
to Chinese media, He Xiaopeng, founder and CEO of Chinese electric
vehicle maker Xpeng Motors (NYSE: XPEV), purchased 2.2 million shares of
the company's American shares from the...
Goldman Sachs Slashes Year-End Target on S&P 500 to 3,600Goldman
Sachs lowered its year-end 2022 target for the S&P 500 to 3,600 on
concerns about higher interest rates. The move followed a 75-bps
interest rate hike from the US Federal Reserve Open Market Committee
on...
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