Boeing (BA) shares fell sharply Monday morning following a report from The Wall Street Journal that the Department of Justice has launched a criminal investigation into the company. This comes as Boeing continues to grapple with lingering headwinds stemming from a safety incident involving an Alaskan Airlines (ALK) flight in January. The Department of Justice's investigation will delve into Boeing's recent production and manufacturing mishaps, which have also impacted the broader airline industry, from flight availability to crew employment and ticket prices. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Boeing (BA) shares fell sharply Monday morning following a report from The Wall Street Journal that the Department of Justice has launched a criminal investigation into the company. This comes as Boeing continues to grapple with lingering headwinds stemming from a safety incident involving an Alaskan Airlines (ALK) flight in January.
The Department of Justice's investigation will delve into Boeing's recent production and manufacturing mishaps, which have also impacted the broader airline industry, from flight availability to crew employment and ticket prices.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
Barrons.com
Nvidia shares fall after the chip maker shed $128 billion in market cap on Friday, a report says the Justice Department has opened a criminal investigation into the Boeing 737 MAX jet that experienced a blowout on an Alaska Airlines flight, and Coinbase and MicroStrategy surge as Bitcoin crosses $72,000.
Investor's Business Daily
Nvidia, another member of the Magnificent Seven, also got rocked after the opening but contained the selling better than Meta and managed a reversal in early trading. Nvidia, the AI chip designer and leader in graphics processing units that handle accelerated computing tasks, recently grew past $2 trillion in market value. Nvidia holds a superb 99 Composite Rating.
Associated Press Finance
The Department of Justice has launched a criminal investigation into the Boeing jetliner blowout that left a gaping hole on an Alaska Airlines plane this January, the Wall Street Journal reported on Saturday. Citing documents and people familiar with the matter, the newspaper said investigators have contacted some passengers and crew — including pilots and flight attendants — who were on the Jan. 5th flight. The Boeing plane used by Alaska Airlines suffered the blowout seven minutes after takeoff from Portland, Oregon, forcing the pilots to make an emergency landing.
TechCrunch
Reddit's IPO should be interesting to watch -- and not just because the business remains unprofitable, but also because of how the company has chosen to bring in its community of active users and moderators into its public markets debut. In a new SEC filing, Reddit says it's planning to sell around 22 million shares, priced between $31 to $34, potentially raising around $748 million at the high end of that range. The move sets up Reddit to become a meme stock -- a term coined in reference to the wild GameStop short squeeze of 2021, which was driven by a group of Reddit users on its community r/WallStreetBets.
Bloomberg
(Bloomberg) -- Alibaba Group Holding Ltd. will roll out a new employee incentive plan starting April that combines equity with cash, a significant adjustment designed to help the e-commerce giant attract and retain talent despite fierce competition.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStocks Kick Off Key Inflation Week Under Pressure: Markets WrapThese Are the Best Countries for Wealthy Expats‘Oppenheimer’ Wins Seven Oscars Including Best Picture,
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