Boeing Co is a leading aerospace company that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and telecommunications equipment worldwide. The company serves a wide range of customers, including commercial airlines, government agencies, and defense organizations, providing innovative solutions for air travel and space exploration. Through its diverse portfolio, Boeing is involved in both commercial and military aircraft production, as well as technologies related to space and satellite operations, aiming to enhance global connectivity and advance aerospace technology. Additionally, Boeing engages in maintenance, repair, and logistics services to support its products throughout their lifecycle. Read More
Space companies SpaceX, Blue Origin, Boeing, and Lockheed Martin have been awarded $13.5 billion contracts by the U.S. Space Force to launch critical satellites by 2029.
Shares of aerospace and defense company Boeing (NYSE:BA)
fell 10.1% in the morning session after China imposed a 34% tariff on all U.S. imports amid escalating trade war tensions. This was partly in response to the "reciprocal tariffs" announced by the Trump administration the previous day, with levies on Chinese goods estimated to be as high as 50%.
Wall Street is set to extend its brutal selloff, with the Dow Jones Industrial Average, S&P 500 Index, and Nasdaq Composite headed for their worst weeks since 2020.
Dip-buying absent in early NY trading, Wall Street deep in red as trade war fears escalate despite strong jobs report. Investors on edge for hints from Fed Chair Powell.
Boeing closed over $50 billion in aircraft orders in March alone added to its more than half a trillion backlog, but the stock still sells off. Time to buy?
Shares of aerospace and defense company Boeing (NYSE:BA)
fell 9.5% in the afternoon session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%. Markets reacted negatively to the announcement, reflecting deep concerns among investors about the broader economic implications. The tariffs were likely seen as a significant threat to global trade flows, with the potential to slow economic growth, drive up consumer prices, and spark retaliatory measures.
Oracle is expanding its AI infrastructure, but JPMorgan analyst Mark R. Murphy remains cautious due to potential oversupply. Oracle's data center push is promising, but it faces hurdles in keeping up with hyperscalers like Amazon and Boeing.
Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A) revealed that Precision Castparts, an aerospace parts manufacturer it acquired in 2016, has experienced close to a $2 billion increase in value.
