Boeing is nearing a long-delayed approval for the grounded 737 Max
Boeing appears close to securing key regulatory approvals for its grounded 737 Max to fly again — a potential lifeline for the struggling plane maker. The approval process has moved at a glacial pace, taking more than a year longer than Boeing had hoped. Even with the recent progress, there are many bureaucratic procedures, plane…… MORE
More people watched Biden on ABC than Trump on NBC, MSNBC and CNBC
Joe Biden’s town hall on ABC averaged 13.9 million viewers on Thursday night, easily surpassing the Nielsen ratings for President Trump’s town hall on NBC. That alone was a result virtually no one in the TV business expected. And that’s not even the most surprising part. The Trump town hall was simulcast by two of…… MORE
The future of public transportation in the US depends on who wins the election
The fate of some US transit agencies may be on the line in the upcoming presidential election. Public transportation systems are in dire straits as the Covid-19 pandemic has cut into their ridership and revenue. They’re counting on increased federal aid to survive until ridership returns to normal. Most expect to cut staff or service…… MORE
The travel industry is in shambles. Hotel workers and CEOs are furious with Congress for failing to help
The hotel industry is crumbling — and Uncle Sam may not be coming to the rescue. More than 2 million hospitality jobs have already disappeared during the pandemic. Within the next six months, a stunning 38,000 US hotels could be forced to close, according to the American Hotel & Lodging Association. “If we don’t get…… MORE
Pfizer may file for early Covid-19 vaccine use — but not until after the election
The Covid-19 vaccine Pfizer is developing with Germany’s BioNTech will probably not be available for emergency use until after the US presidential election, the company said Friday. In an open letter published on the company’s web site, Pfizer chairman and CEO Albert Bourla said that there must be certainty that the vaccine is safe and…… MORE
Peloton recalls pedals on 27,000 exercise bikes after reported injuries
Peloton has issued a voluntary recall on pedals used on about 27,000 of its exercise bikes because of a reported “laceration hazard.” The in-home fitness company announced the recall on its PR70P clip-in bike pedals on Thursday in cooperation with the US Consumer Products Safety Commission. The federal agency says Peloton has received at least…… MORE
How to election-proof your portfolio
Many market experts are trying to figure out what might happen to stocks after the election: A blue wave? Trump gets re-elected? A contested election tied up in the courts? But some strategists believe it’s a waste of investors’ time to go through all the possible political permutations. It may be best to just ignore…… MORE
Coca-Cola is discontinuing Tab after nearly 60 years
RIP, Tab. After nearly 60 years, Coca-Cola is discontinuing its first-ever diet soda, Tab, which acquired a huge fan base in the ’70s and ’80s and maintained a small but devoted following through the years. Tab is one of several “underperforming” products Coke has said it is eliminating from its brand lineup by the end…… MORE
Retail sales rose in September as people kept shopping
Retail sales climbed in September for the fifth straight month as people spent on clothing, sporting goods, furniture and other items in stores and online. US retail sales rose 1.9% in September, the Commerce Department reported Friday. That’s well above the 0.7% rise predicted by economists surveyed by Refinitiv. In August, retail sales grew 0.6%.…… MORE
People are buying luxury goods again. That’s a good thing
At first glance, the number of people buying pricy leather bags may not seem like a helpful bellwether for the health of the global economy. But solid earnings at LVMH, the fashion conglomerate that owns brands like Louis Vuitton, Fendi and Dior, are a good indicator that consumers are getting comfortable spending on big-ticket items…… MORE
