Boeing is preparing to ask for Federal Aviation Administration approval to ramp up production of its bestselling 737 Max jets to 42 a month later this year, CEO Kelly Ortberg said Wednesday, as airplane deliveries picked up this year and the company narrowed its losses. Boeing reported a first-quarter net loss of $31 million, improvement … Read more
Treasury Secretary Scott Bessent told investors in a closed-door meeting Tuesday he expects “there will be a de-escalation” in President Donald Trump‘s trade war with China in the “very near future,” a person in the room told CNBC. “No one thinks the current status quo is sustainable” with tariff rates at their current levels, Bessent … Read more
President Donald Trump listens to reporters’ questions as he meets with Italian Prime Minister Giorgia Meloni in the Oval Office at the White House on April 17, 2025 in Washington, DC. Win Mcnamee | Getty Images President Donald Trump on Monday met with executives from some of the nation’s top retailers, who came to the … Read more
A Hertz Tesla electric vehicle is displayed during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York City, U.S., November 9, 2021. Brendan Mcdermid | Reuters Hertz Global CEO Gil West is “encouraged” and “energized” by prominent investor Bill Ackman taking a “significant” position in the post-bankrupt rental car … Read more