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Boeing has temporarily halted deliveries of its 787 Dreamliner jets after notifying the Federal Aviation Administration that it's conducting "additional analysis on a fuselage component,” the FAA said Thursday.Driving the news: "Deliveries will not resume until the FAA is satisfied that the issue has been addressed,” the agency confirmed to Axios.What they're saying: "The FAA is working with Boeing to determine any actions that might be required for recently delivered airplanes," the agency said.Boeing confirmed the halt but said "there is no immediate safety of flight concern for the in-service fleet.""Production continues and this is not expected to increase airplane rework," Boeing told Axios in a statement. The company said it doesn't anticipate a change to its longterm production and delivery outlook for the year.Of note: Boeing has around 100 already-built 787s awaiting delivery, per the Wall Street Journal. The FAA has to sign off on each delivery.
Read moreDetailseBay CEO Jamie Iannone had a message for employees on Wednesday after announcing the company’s fourth-quarter 2022 earnings, posting the following message on LinkedIn: “I appreciate how our eBayers keep the customer at the heart of our work, and how our purpose drives us in everything we do. We connect people and build communities to empower economic opportunity for all. “I’m looking forward to what this talented team will accomplish this year as we continue to innovate on behalf of our customers in areas like our Focus Categories, and ramping up our recently launched eBay Guaranteed Fit program for Motors Parts & Accessories, driving our newest Advertising products, or expanding the reach of our International Shipping program to more markets, just to name a few. “This has been a solid quarter for eBay, and I’m thankful for our community as we move forward together in 2023.” In a video embedded in the LinkedIn social media post, Iannone thanked the eBay team for their hard work and thanked the eBay community who contributed to the charitable giving program on the eBay platform. “Last year, sellers and buyers donated over $163 million through eBay for Charity,” Iannone said. At one time, eBay’s
Read moreDetailshomemarket NewsStock Market LIVE: Sensex, Nifty 50 remain near flat line, financial shares extend lossesBy CNBCTV18.com | Feb 23, 2023 2:01 PM IST (Updated)SummaryStock Market LIVE Updates: Indian equity benchmarks NSE Nifty 50 and BSE Sensex opened higher on Thursday before slipping into the red. Financial and consumer shares pulled the headline indices lower while metal and IT shares traded with losses.Share Market Update | Zee Enterprises recovers sharply from lows Zee Ent is still in the red, but recovers sharply from lows (14% off lows)as reports suggest the company is moving NCLAT against NCLT’s admission of IndusInd Bank’s insolvency plea.Stock Market Update | Banking Stocks trading off lows Stock Market News | SpiceJet said to be in talks to sell over 5% stake to Carlyle Aviation SpiceJet has also been in talks with other creditors for the conversion of dues into equity. (Read more) Share Market Update | Ashish Kyal on ITC "This is one stock that has been bucking the trend over the past five days. We can see some kind of selling pressure across the board. But ITC is the one because of which index is at least protecting that budget day low around 17,350. So overall, I think ITC
Read moreDetailsEuropean markets were slightly higher Thursday morning as investors digested minutes released by the U.S. Federal Reserve that showed members are still committed to fighting inflation with interest rate hikes.The pan-European Stoxx 600 index was up 0.27% in early trade, with tech and retail stocks shaking off recent pessimism to gain 0.9% and 0.8%, respectively.Inflation "remained well above" the Fed's 2% target and the labor market "remained very tight, contributing to continuing upward pressures on wages and prices," according to the minutes.Asia-Pacific markets were mixed on Thursday after the Fed release, while U.S. stock futures ticked higher Wednesday evening.European markets open higher Europe's Stoxx 600 was cautiously higher at the open, up 0.1%, with tech stocks leading gains.The index posted losses in the previous two sessions.Investors will be assessing yesterday's Fed minutes, amid fears the U.S. central bank will continue hiking rates weighing on markets, as well as a slew of earnings from companies including Rolls-Royce, Anglo American and BAE Systems to gauge the outlook for various sectors.Stock Chart IconStock chart iconStoxx 600.— Jenni ReidCNBC Pro: There is a 'rare' opportunity to invest in a global VC stock set for 130% upside, analysts sayGlobal shares of a venture capitalist company are expected to
Read moreDetailsEuropean markets opened lower Wednesday as investors gauge the global economic outlook and await the minutes from the U.S. Federal Reserve's latest monetary policy meeting.The pan-European Stoxx 600 index was down 0.4% shortly after the open, with most sectors seeing declines. Mining stocks dropped 1.3% and banks fell 0.6%, while media stocks bucked the trend to gain 0.7%.European markets fell 0.2% yesterday, while U.S. stocks had their worst day of the year so far amid fears the Fed will keep rates higher for longer than previously thought.U.S. stock futures rose slightly in overnight trading, largely on corporate earnings, as Wall Street braced itself for more insight into the central bank's rate-hiking agenda.In Asia-Pacific overnight, markets were lower after Wall Street's sharp losses overnight, and New Zealand's central bank continued to hike its benchmark interest rate.Jeep, Dodge maker Stellantis posts record annual profit, announces $4.47 billion shareholder payoutStellantis CEO Carlos Tavares discusses the Ram 1500 Revolution EV Concept truck during his keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 5, 2023.Robyn Beck | AFP | Getty ImagesCarmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros
Read moreDetailsSwitch to Slide ShowSUMMARYMost cryptocurrencies lost value on Wednesday. The global crypto market cap stood at $1.1 trillion, with a volume of nearly $68 billion in the past 24 hours.1 / 8Bitcoin | The world's largest and most popular virtual currency, Bitcoin, fell three percent to $24,182.9. Its market value stood at $465.1 billion. The trade volume was at $32.2 billion.2 / 8"Bitcoin declined from its previous peak, dropping to $24,000 in the past 24 hours amidst a swift shift in cryptocurrency market sentiment. Despite reaching a high of $25,100, BTC failed to break through its resistance level at $25,200, leaving bulls disappointed. Its immediate support level now rests at $23,800, while resistance is $24,200," said Edul Patel of Mudrex.3 / 8Ethereum | The second largest virtual currency, Ethererum or Ether, slipped 3.9 percent to $1,643 with a market capitalisation of $200.9 billion. The trade volume of Ethereum was $9.1 billion in the last 24 hours.4 / 8On Ethereum, Patel said, "Ethereum also decreased in value, falling below $1,700 as bears dominated the market. ETH's support level is now $1,630, while resistance is $1,650."5 / 8Dogecoin | Meme-based virtual currency, Dogecoin, slumped four percent on Wednesday. Its market value stood
Read moreDetailsPUBLISHED 21 February 2023 21 February 2023 07:00 GMT Beyfortus continues to demonstrate consistent protection against RSV disease through the RSV season New Canadian analysis demonstrates Synagis to be highly cost-effective in 29-35 weeks gestational age infants AstraZeneca will showcase new data across its Vaccines and Immune Therapies Respiratory Syncytial Virus (RSV) portfolio at the 7th Respiratory Syncytial Virus Foundation (ReSViNET) Conference in Lisbon, Portugal from 22-24 February 2023, reinforcing its commitment to help protect infants from RSV. The Company is set to present five abstracts and posters at the event, including new data featuring Beyfortus (nirsevimab) and Synagis (palivizumab). Iskra Reic, Executive Vice President, Vaccines and Immune Therapies, AstraZeneca, said: “I am proud of AstraZeneca’s commitment to respiratory syncytial virus (RSV) and our continued focus on innovating antibodies to provide protection to the most vulnerable. We believe that Beyfortus has the potential to transform the medical community’s approach to preventing RSV infections in infants, and this is of particular importance given the recent surges of the virus amongst infants this past winter season.” Underscoring the continued need for RSV protection AstraZeneca is working with the global clinical community to advance the understanding of RSV and is partnering
Read moreDetailsA logo of Ant Group is seen at the company's headquarters on October 9, 2020 in Hangzhou, Zhejiang Province of China.Ding Junhao | Visual China Group | Getty ImagesChinese fintech giant Ant Group said on Tuesday it had entered a strategic partnership with the NBA league in China that would see the two cooperate in areas such as video content, program broadcasting and membership.Fans in China would have access to NBA video content on Alipay, the hugely popular payments app owned by Ant Group, the company said in a statement.The collaboration with the professional basketball league's Chinese business arm will also cover areas such as joint marketing campaigns and digital collectables, Ant Group said.NBA China last week launched a channel in Alipay that shows user-generated content from NBA China's network of influencers and Alipay's authorized content creators, Ant Group added.The NBA is one of the United States' most popular cultural exports to China and makes hundreds of millions of dollars a year from its presence in the Chinese market.However, a decades-long partnership with state broadcaster CCTV was upset in October 2019 when then-Houston Rockets General Manager Daryl Morey tweeted in support of widespread protests in Hong Kong, a Chinese-ruled city
Read moreDetailsOne of the most rapidly developing stories in 2023 is the development of ChatGPT and other generative AI platforms. The race to become the biggest and best chatbot platform is well underway, which has been well reflected in the month’s headlines. Check out five of the biggest trending generative AI news of February 2023. 1. Chat GPT Reaches 100 Million Unique Monthly Users On February 1st, news came out that OpenAI’s ChatGPT reached 100 million monthly active users in January, just two months after its launch. This makes the platform the fastest-growing consumer application in history. TikTok, in comparison, took about nine months after its global launch to reach 100 million users. Photo Credit: OpenAI On the same day, OpenAI announced its new subscription plan, ChatGPT Plus. The plan is currently available to customers in the United States, and it gives subscribers general access to ChatGPT (even during peak times), faster response times, and priority access to new features and improvements. 2. Google Introduces Bard On February 6, Google introduced Bard with a message from Sundar Pichai, the CEO of Google and Alphabet. Bard is an experimental conversational AI service powered by Google’s conversation technology Language Model for Dialogue Applications
Read moreDetailsSwitch to Slide ShowSUMMARYCryptocurrencies extended losses on Monday. The global crypto market cap stood at $1.1 trillion, with a volume of $61.5 billion in the past 24 hours.1 / 8Bitcoin | The world's largest and most popular virtual currency, Bitcoin, fell 1.39 percent to $24,355.5. Its market value stood at $470 billion. The trade volume was at $28.1 billion.2 / 8"Bitcoin reached over $25,000 during the weekend but dropped to $24,000 today. However, BTC's weekly gains remain intact, indicating that buyers are still active. If buyers can push BTC back to $25,250, the next resistance will be at $31,000 with no major obstacles in between. The support level for BTC is now at $23,800," Edul Patel, CEO and Co-Founder of Mudrex.3 / 8Ethereum | The second largest virtual currency, Ethererum or Ether, fell 0.9 percent to $1,678.5 with a market capitalisation of $205.5 billion. The trade volume of Ethereum was $7.6 billion in the last 24 hours.4 / 8On Ethereum, Patel said, "Ethereum's growth has followed a similar path to BTC and is currently approaching its resistance at $1,700. A breakthrough could lead to an upward trend in the days ahead."5 / 8Dogecoin | Meme-based virtual currency, Dogecoin, fell 1.8
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