Risks Rise for Boeing Stock after Lion Air 737 Max 8 Nosedive Revelations

There is an eerie calm settling over Boeing Company shares (BA). Having been pressured sharply lower after the recent fallout from the second horrific crash of a 737 Max 8 airliner, the price is trading sideways in an incredibly tight range. Now, news about the (Lion Air) Max 8 plane having issues the day before it crashed could disrupt this detente. Max 8 Nearly Crashed the Day Before It Nosedived An off-duty pilot flying on the doomed airliner allegedly managed to save it from nosediving the day before it eventually crashed. This is significant because if true, it would demonstrate

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Breaking: Lyft Valued at $19.5 Billion, Set to Beat Uber to Stock Market IPO

Ride-hailing company and Uber competitor Lyft will go public with 30.8 million shares at between $ 62 to $ 68 a pop. The announcement would value Lyft at $ 19.46 billion at the upper end of the spectrum. In total, Lyft will aim to raise $ 2 billion in the IPO. Per the Securities and Exchange Commission filing, Lyft will issue two classes of common stock, Class A and Class B with adjusted voting powers. Despite accumulating substantial losses, Lyft has recorded rising revenue and bookings as it takes on rival Uber in the ride-hailing race. With 30.7 million users in 2018, Lyft is

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Chinese Spy Scandal Threatens Trade Deal & Stock Market Recovery

A burgeoning spy scandal threatens to be an 11th-hour stumbling block to the U.S.-China trade deal, and it could take the wind out of the stock market’s sails as it continues to mount a recovery from its 2018 lows. Premier Li Keqiang denied allegations that the Chinese government instructs its companies to engage in corporate spying abroad. The denial comes a day after the Chinese legislature passed a resolution designed to inhibit Chinese officials from compelling foreign companies to turn over intellectual property. The practice has been a barrier in trade talks between the U.S. and China. The news of

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Snap Stock Surges 12%: Here’s Why You Shouldn’t Trust This Rally

Snap. Inc shares are soaring after analysts at BTIG have turned bullish on the outlook for Snapchat. Up more than 12% on the day, there were a couple of notes from BTIG analyst Richard Greenfield that got volumes surging in the fledgling tech company. In my view, the logic of his reasoning could be sound in the near term, but his $ 15 price target looks a stretch, and he could potentially be misunderstanding what is really going on with SNAP. BTIG Upgrade Snap Inc. Price Forecast to Bullish from Neutral Here are some soundbites from his opinion and why they

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Dow Claws Higher But US Stock Market Faces Critical Test

The Dow Jones enters the US trading session struggling for direction, weighed down by Boeing’s incessant plunge but fighting upwards anyway. Meanwhile, the US stock market faces a critical test as the S&P 500 once again creeps toward a critical resistance line that has thwarted previous recovery attempts. Dow Futures Creep North as Index Fights into the Green As of 8:47 am ET, Dow Jones Industrial Futures had managed to claw their way to a gain of 59 points or 0.23 percent, implying a rise of more than 65 points at the opening bell. S&P 500 futures rose 0.26 percent

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Brexit Beatdown Adds to Pressure on US Stock Market

Brexit, Brexit, and more Brexit. UK readers will probably be desperate to stop talking about bloody Brexit. Well, the end-game appears to be in motion. Theresa May put her withdrawal deal to a vote in UK Parliament, and it was overwhelmingly rejected by lawmakers. What a resounding defeat for UK Prime Minister Theresa May – again. Losing by 149 votes, May’s second attempt to pass her deal has gone up in flames. The future is now even more uncertain, with betting odds pricing in a high chance of a delay. The EU would have to play ball though, and there

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Apple Stock Rallies as Investors Laugh at Elizabeth Warren’s Tech War

Despite 2020 presidential candidate Elizabeth Warren’s calls over the weekend to break up big tech companies like Amazon, Alphabet, Apple, and Facebook under U.S. anti-trust laws, these tech stocks are doing fine Monday. Investors don’t seem to be taking Sen. Warren’s radical socialist proposals seriously as a credible threat to these high tech companies as Amazon’s stock gained $ 43.02 (2.65%) over morning trading, Alphabet’s rose $ 21.62 (1.88%), and Facebook’s increased by $ 2.93 (1.73%). Warren’s Radical Proposal to Rule Over Tech Sen. Elizabeth Warren (D-MA) attacked the tech industry Friday in an op-ed calling for major tech companies like Amazon, Google,

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Will Alleged Model 3 Design Flaw Sink Tesla Stock?

It seems that Tesla just can’t catch a break. Following charges from the Security and Exchange Commission (SEC) that could force Elon Musk to temporarily step down as CEO, the company’s vehicles are allegedly having more than a little trouble staying clean. A Glitch in the Tesla System A design flaw may be causing debris to become trapped in the vehicles’ underbody panels. Auto shop owner Eric Bolduc has commented that he’s found dirt, water, and sand in the back of every Tesla Model 3 he’s worked on, removing as much as 35 pounds of debris from each vehicle. While

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BMO Warns US Stock Market Could Crash to ‘Ugly’ December Lows

A critical re-test of December lows could place severe pressure on the US stock market. With the Dow already reeling from five straight days of losses, BMO’s chief analyst Russ Visch warns things could get “ugly” for the index and its peers, the S&P 500 and Nasdaq. BMO: S&P 500 Crosses Critical Selling Trigger ZeroHedge outlined the S&P 500’s drop below 2,750 as a “critical selling trigger,” warning that commodity traders have now started to sell. Adding to the bearish outlook, the Bank of Montreal’s Russ Visch proclaims that the “goldilocks” rally has ended – “goldilocks” referring in economics to

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