Business

Citing Electrical Issues, Boeing Advises 16 Airlines to Ground Embattled 737 Max Jets

Citing Electrical Issues, Boeing Advises 16 Airlines to Ground Embattled 737 Max Jets

Last week, Boeing announced that Southwest Airlines and Alaska Airlines inked deals for dozens of new 737 MAX jets. Though…
Dow, S&P 500 Hit Record Highs in 3rd Straight Week of Gains for US Stocks

Dow, S&P 500 Hit Record Highs in 3rd Straight Week of Gains for US Stocks

NEW YORK (Sputnik) – US stocks rose for a third straight week, with the Dow Jones Industrial Average and S&P…
As Hyundai Halts Second Auto Plant Over Global Chip Crisis, Which Industries Are The Worst Affected?

As Hyundai Halts Second Auto Plant Over Global Chip Crisis, Which Industries Are The Worst Affected?

Major industries around the world have been hit by the ongoing semiconductor shortage, with many firms bracing for further headaches…
Can China Topple Dollar’s Dominance With Digital Yuan?

Can China Topple Dollar’s Dominance With Digital Yuan?

The American reserve currency received a lot of criticism in recent years largely because of the quickness with which Washington…
Cryptocurrency A Chinese ‘Financial Weapon’ Against USD, PayPal’s Peter Thiel Says in Bizarre Speech

Cryptocurrency A Chinese ‘Financial Weapon’ Against USD, PayPal’s Peter Thiel Says in Bizarre Speech

Speaking on Tuesday at a virtual event on US-China relations for the Richard Nixon Foundation, the major investor in cryptocurrencies…
Bad Apple? Global Chip Shortage Delays iPad, MacBook Production As Crisis Set To Worsen, Report Says

Bad Apple? Global Chip Shortage Delays iPad, MacBook Production As Crisis Set To Worsen, Report Says

The news comes amid the global chip crunch leading to a sharp decrease in production across numerous sectors, including automotive,…
Trump Tanks Nearly 300 Points in Forbes’ Billionaires Ranking

Trump Tanks Nearly 300 Points in Forbes’ Billionaires Ranking

The billionaire real estate mogul and gameshow host prided himself on his business acumen during the 2016 presidential campaign, saying…
Shell Estimates Losses From Texas Winter Storm at Up to $200Mln in Q1 2021

Shell Estimates Losses From Texas Winter Storm at Up to $200Mln in Q1 2021

MOSCOW (Sputnik) – UK-Dutch oil and gas company Royal Dutch Shell estimates possible losses due to severe cold weather that…
Suez Canal Chief Says Human Error is to Blame for Ever Given Fiasco

Suez Canal Chief Says Human Error is to Blame for Ever Given Fiasco

The Suez Canal, a major artery for global trade, was blocked late last month after the Ever Given, a skyscraper-sized,…
Senator Don’t Rule Out Ban of Zoom if Firm Blocks Russian Gov’t, State Companies From Using Service

Senator Don’t Rule Out Ban of Zoom if Firm Blocks Russian Gov’t, State Companies From Using Service

On Tuesday, Russian business media reported that Zoom Video Communications, the California-based software firm specializing in videotelephony and online chat…
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