He also favored the company recommending airline pilots undergo simulator training before the 737 Max can fly again, reversing the company’s position when Muilenburg was at the helm. The change promises to add millions in costs for Boeing but is one that aims to restore confidence in the planes’ safety. Calhoun is an insider and the released messages were exchanged during his more than 10 years on Boeing’s board. Spirit Aerosystems, which makes fuselages for the Max, said it would cut an initial

Credit Suisse raised its price target on Microsoft shares after the firm’s survey of executives suggests a “strong 2020” for the technology giant, especially in the realm of cloud computing services. Microsoft’s Azure was the top pick among information technology companies looking to spend more on a cloud service, according to Credit Suisse’s survey of chief information officers (CIOs). “Our analysis suggests Microsoft can reasonably achieve Commercial Cloud revenues of $100 Billion” by fiscal y

Apple CEO, Tim Cook openS the door of the newly renovated Apple Store at Fifth Avenue on September 20, 2019 in New York City. Davidson hiked its price target for Apple on Monday morning to the highest level on Wall Street, saying 5G technology gives the company opportunities to reignite iPhone growth. Davidson now has a price target of $375 per share for the stock, up from $300 per share previously. “There is enough complexity and hype when it comes to 5G (the next-generation wireless network) t

People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. If Disney, Apple and Netflix are getting a boost from the so-called streaming wars, they are taking Roku up with them, according to multiple Wall Street firms. Analysts said the video platform will ride the wave of new streaming services like Disney+ and Apple TV+, boosting new accounts and the stock. Shares of Roku were down

Tesla co-founder and CEO Elon Musk gestures while introducing the newly unveiled all-electric battery-powered Tesla Cybertruck at Tesla Design Center in Hawthorne, California on November 21, 2019. Oppenheimer just became Wall Street’s biggest bull on Tesla. The firm hiked its price target for the electric care maker to $612 per share from $385 per share, implying more than 20% upside based on Friday’s closing price of $478.15 per share. Oppenheimer’s new price target is the highest on the Street

Deutsche Bank kept its hold rating on the stock and named the company as a catalyst call buy idea for the short-term. It also said it thinks GE could post a better-than-expected fourth quarter in its next earnings report on January 29. “However, we see the potential for GE to deliver a beat in 4Q19 and 2020e guidance that suggests upside to current consensus at the midpoint of the range. Despite GE’s recent share price outperformance, we see the potential for a result consistent with our expecta

An Oscars winner’s envelope is seen in a souvenir store outside the Dolby Theatre before the 91st Academy Awards in Hollywood, Los Angeles, California, February 14, 2019. “Once Upon a Time in Hollywood,” “1917” and “The Irishman” were close behind with 10 each. It was also surprising that Disney’s “Frozen II” was left off the best animated feature ballot in favor of Netflix’s “Klaus.” “Toy Story 4” was nominated in the category alongside Golden Globe winner “Missing Link” and “I Lost My Body.” U

Danske Bank has offered 2,000 Danish employees voluntary redundancies as part of a cost cutting exercise, the bank told broadcaster TV2 on Monday. Danske Bank, which employs more than 20,000 in total, is cutting costs to cope with rising compliance costs and a tough business environment.

Britain’s economy grew at its weakest annual pace in more than seven years in November, after output fell sharply that month, though a stronger performance in previous months brightened the picture slightly. Monday’s official figures showed the economy in November was just 0.6% larger than a year before, the weakest expansion since June 2012, down from annual growth of 1.0% in October, which represented an upward revision from previously reported data. “Overall, the economy grew slightly in the

Taiwanese president Tsai Ing-Wen (center) thank her supporters at the victory rally after winner the election. Taiwan’s Tsai Ing-wen is expected to continue her pro-growth policies after a decisive victory in the self-ruled island’s presidential election on Saturday, an entrepreneur said on Monday. “That policy we expect to carry forward with even more force with the return of Taiwanese companies and capital from decoupling (due to) the trade war,” said hotelier Pan. That is as global supply cha

“I think the Iraq situation…is maybe the most underestimated of all the things we’re looking at,” Frederick Kempe, president and CEO of the Atlantic Council, said on CNBC’s “Capital Connection” on Monday. “There’s actually an opening for Iraq to create more independence for itself, from Iran,” he said. His comments came amid heightened tensions in the Middle East following an American airstrike in Iraq that killed Iran’s top commander Qasem Soleimani. Tehran retaliated by attacking U.S. target

Citizens of the Planet | Getty ImagesThere could be a recalibration of oil market expectations regarding an “ample” global oil supply, Bahrain’s oil minister said Monday, despite expectations that U.S. shale oil production could be hurtling towards 14 million barrels per day in the next few years. However, growth in supply is slowing from the last few years with 2018 growth of 1.6 million b/d and 2019 growth of 1.3 million b/d. “Despite the decline in rigs, EIA forecasts (oil) production will co

A screen shows the trajectory of the pound ahead of the U.K. parliament Brexit deal vote as a trader monitors financial data on computer screens. Sterling fell below $1.30 on Monday morning after Bank of England (BOE) Monetary Policy Committee (MPC) member Gertjan Vlieghe hinted that he could vote to cut interest rates if upcoming data does not suggest a rebound for the U.K. economy. Early in the European trading session, the pound had fallen by around 0.7% against both the dollar and the euro.

Wall Street points toward higher open1 Hour AgoU.S. stock index futures were higher Monday morning as investors focus on China-U.S. trade developments. CNBC’s Rahel Solomon reports.

Treasury yields climbed slightly on Monday as investors await the planned signing of a so-called “phase one” trade deal between the U.S. and China later this week. The yield on the benchmark 10-year Treasury note, which moves inversely to prices, was higher at around 1.84%, while the yield on the 30-year Treasury bond was also higher at around 2.10%. U.S. Treasury Secretary Steven Mnuchin said Sunday that he expects an interim trade deal between Washington and Beijing will add significantly to e

LONDON — Queen Elizabeth will meet her closest family members for crisis talks Monday, days after Harry and Meghan announced plans to step down as senior royals, provoking a historic rift in the monarchy. The queen is expected to have talks with Prince Charles, Prince William and Prince Harry at her country estate, Sandringham, in Norfolk in the east of England. Meghan reportedly to be joining the talks by phone from Canada. The queen reportedly asked for the matter to be resolved in days rather

People cough and sputter while trying to escape the fumes, with one woman calling out in Farsi: “They fired tear gas at people! Anti-government demonstrators wave an Iraqi national flag during a demonstration in Tahrir square, against the breach of Iraqi sovereignty by the U.S. and Iran. Tehran’s police chief, Gen. Hossein Rahimi, later denied his officers opened fire though the semiofficial Fars news agency said police “shot tear gas in some areas.” Ali Rabiei, a government spokesman, insisted

Boeing has estimated costs of the Max grounding at more than $9 billion to date and is expected to disclose significant additional costs during its fourth-quarter earnings release on Jan. 29. Boeing faces rising costs from halting production of the Max this month, compensating airlines for lost flights and assisting its supply chain. Last week, the board and its interim CEO reversed course and recommended regulators require simulator training for pilots before they resume flying the Max. In one

WASHINGTON — President Donald Trump authorized the killing of Iranian Maj. Gen. Qassem Soleimani seven months ago if Iran’s increased aggression resulted in the death of an American, according to five current and former senior administration officials. The idea of killing Soleimani came up in discussions in 2017 that Trump’s national security adviser at the time, retired Army Lt. Gen. H.R. McMaster, was having with other administration officials about the president’s broader national security st

Motorists negotiate a muddied road after Taal volcano began spewing ash over Tanauan town, Batangas province south of Manila on January 13, 2020. Philippine financial markets were shut on Monday to ensure the safety of employees and traders after a volcano near Manila spewed huge volumes of ash that drifted across the nation’s capital. Regular fixed-income trading and settlement operations were expected to resume on Tuesday, the operator of the country’s fixed-income trading platform, PDS Group,