Boeing shares declined by 9 percent in pre-market trading on Monday after the crash of one of its popular 737 Max 8 jets in Ethiopia sparked safety concerns, Bloomberg reports. Ethiopian Airlines on Monday said it was grounding its fleet of new planes after one of them crashed Sunday shortly after takeoff, killing all 157 people on board. China's civilian aviation authority also ordered Chinese airlines to temporarily ground their 96 Max 8s following the crash, the second involving one of the Boeing planes in five months; a Lion Air flight crashed in the Java Sea in late October, killing all 189 people on board. The plane was leaving Addis Ababa, Ethiopia's capital, for Nairobi, Kenya. The cause of Sunday's crash is under investigation.
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
