Kelly Ortberg’s first Paris Air Show as CEO of Boeing was expected to carry a notably optimistic tone. Since Ortberg took the reins in August, Boeing has made meaningful progress, including boosting output of its top-selling 737 Max aircraft, stepping up deliveries of new planes — a key revenue driver — and signaling a rebound…
Author: Madison Thompson
Madison Thompson is a relentless investigator driven by one core belief: the truth matters. With a specialty in long-form investigative journalism, she’s exposed corruption, challenged corporate wrongdoing, and uncovered the stories institutions would rather keep buried.
Retail Executives Grow Confident in Tariff Stability Amid Shifting Trade Landscape
Retail executives are growing increasingly confident in what’s being dubbed the “TACO trade.” After weeks of evolving trade policies, early negotiations, and ongoing court challenges, a new survey from consulting firm AlixPartners reveals a shift in sentiment among retail leaders. The June 1 poll, which included executives from consumer brands, retail chains, and related industries,…
Markets Hold Steady as U.S.–China Trade Talks and Economic Data Keep Investors Cautious
Stock futures remained largely unchanged on Tuesday as investors awaited further developments in ongoing trade negotiations between the U.S. and China. Dow Jones Industrial Average futures rose by just 10 points, while S&P 500 and Nasdaq 100 futures inched up about 0.1%. The restrained movement reflects a market in wait-and-see mode, looking for tangible outcomes…
China’s U.S. Trade Slump Deepens as Tariff Tensions Undermine Export Growth and Recovery Hopes
China’s export growth in May fell short of expectations, with a significant drag coming from a sharp decline in shipments to the United States. Exports to the U.S. dropped by 34.5% compared to a year earlier, marking the worst decline since the early days of the COVID-19 pandemic in February 2020. Imports from the U.S.…
U.S. Job Growth Beats Forecasts in May as Wages Rise and Tariff Fears Loom
Hiring in the U.S. slowed only slightly in May, signaling resilience in the labor market despite growing concerns over tariffs and a slowing economy. According to the Bureau of Labor Statistics, nonfarm payrolls increased by 139,000, exceeding the Dow Jones estimate of 125,000 but falling short of April’s downwardly revised 147,000. The unemployment rate remained…
Lululemon Tops Q1 Estimates but Slashes Outlook as Tariffs and Weak U.S. Sales Hit Stock
Lululemon exceeded Wall Street’s expectations for its fiscal first-quarter earnings, reporting earnings per share of $2.60 versus the expected $2.58 and revenue of $2.37 billion compared to the forecasted $2.36 billion. Net income for the quarter was $314 million, slightly down from $321 million a year earlier. Despite the positive performance, the company cut its…
Mark Tucker Returns to AIA as Chairman After HSBC Exit, Signaling Strategic Reentry Into Asia’s Insurance Market
Mark Tucker, the outgoing Chairman of HSBC Holdings, is set to return to the insurance industry as the new chairman of Hong Kong-based AIA Group. His appointment at AIA begins on October 1, following his departure from HSBC on September 30. Tucker previously led AIA as its chief executive and president from 2010 to 2017,…
Baggage Fee Backlash Grows as Airlines Expand Charges and Travelers Shift to Carry-On-Only Strategy
Air Canada and Southwest Airlines have joined a growing list of carriers now charging passengers for checked-in luggage, a trend that has drawn widespread criticism. Politicians and consumer groups are voicing their frustrations over what they call “junk fees,” which significantly increase the total cost of flying. Travelers like Lauren Alexander and Sage Riley express…
Charlie Scharf Gets Candid as Wells Fargo Emerges from Asset Cap and Plots Post-Scandal Growth
Charlie Scharf, CEO of Wells Fargo, admitted to feeling unexpectedly emotional after regulators lifted a $1.95 trillion asset cap that had long constrained the bank. Known for his stern demeanor, Scharf described the moment as deeply personal, reflecting on the hardships endured by employees and the bank’s protracted struggle since the fake-accounts scandal emerged in…
Treasury Yields Fluctuate as OECD Slashes U.S. Growth Forecast and Global Trade Tensions Mount
U.S. Treasury yields initially fell on Tuesday but later pared gains as investors assessed the implications of downgraded U.S. economic growth forecasts. The 10-year Treasury yield edged up slightly by 1 basis point to 4.464%, after earlier falling more than 4 basis points. The 30-year yield, however, dipped by 1 basis point to 4.985%. Yields,…