Boeing 737 Max Production Stabilization Delayed, CEO Kelly Ortberg Says
Boeing CEO Kelly Ortberg told investors that stabilizing 737 Max output is taking longer than expected due to wing manufacturing constraints in Renton, Washington.
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DraftKings and Flutter Rally After Appeals Court Subjects Prediction Markets to State Gaming Laws
Shares of DraftKings and Flutter Entertainment surged after the Ninth Circuit Court of Appeals ruled that sports prediction contracts are not financial swaps, clearing the way for Nevada to enforce state gambling regulations against platforms like Kalshi, Robinhood, and Crypto.com.
Robinhood Lands First IPO Underwriting Role on Oura Debut as Retail Syndication Expands
Robinhood Markets has earned its first IPO underwriting position, joining an 18-bank syndicate for Oura's upcoming debut as financial firms increasingly open public offerings to retail investors.
Howmet Aerospace Stock Rebounds as Analysts Dismiss SpaceX In-House Turbine Threat
Shares of Howmet Aerospace experienced a sharp decline following Elon Musk's announcement that SpaceX intends to internally cast turbine blades for AI power generation. Analysts at Bernstein and Citi quickly pushed back, pointing to Howmet's entrenched market lead and long-term contracts.
Trump Administration Ramps Up Pressure on Fed Ahead of Rate Decision as AI Infrastructure Costs Weigh on Inflation
Ahead of the Federal Reserve's mid-September policy meeting, the Trump administration has launched a broad public effort to prevent a potential interest rate hike, pointing to supply-side capital investments including artificial intelligence buildouts.
