Morning Brief: U.S. to mandate design changes on Boeing 737 MAX 8 after crashes
Tuesday, March 12, 2019
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WHAT TO WATCH
Investors will turn their attention to February’s CPI inflation data released before the market open. Core CPI is anticipated to have jumped 0.2% from last month and 2.2% from last year, according to economists polled by Bloomberg.
As the Federal Reserve takes a break from raising short-term interest rates, a surprise uptick in inflation could potentially be a red flag. The Fed is targeting 2% inflation.
TOP NEWS
U.S. to mandate design changes on Boeing 737 MAX 8 after crashes: The United States will mandate that Boeing Co. (BA) implement design changes by April that have been in the works for months for the 737 MAX 8 fleet after a fatal crash in October but said the plane was airworthy and did not need to be grounded after a second crash on Sunday. [Reuters]
Yahoo Finance on Boeing
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Pound jumps on May's 'new' Brexit deal: The pound jumped against the dollar (GBPUSD=X) early on Tuesday after UK prime minister Theresa May announced that she secured a “new” deal with the European Union. [Yahoo Finance UK]
Musk shoots down U.S. regulator's complaint about his Tesla tweet: Tesla Inc. (TSLA) Chief Executive Elon Musk shot back against U.S. securities regulators on Monday, arguing in a filing that his recent tweet about the electric vehicle maker's production volume did not violate his fraud settlement and he cannot be held in contempt. [Reuters]
Firms to pay $125M to clients over fee practices: Almost 80 investment advisory firms agreed to pay back more than $125 million to clients who were steered into higher-cost mutual funds without being clearly told about cheaper versions, the result of a government effort to persuade financial firms to self-report misconduct. [The Wall Street Journal]
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