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Business

“Boeing CEO to step down in broad management shake-up as 737 Max crisis weighs on aerospace giant”

“…The departures come as airlines and regulators have been increasing calls for major changes at the company after a host of quality and manufacturing flaws on Boeing planes. Scrutiny intensified after a Jan. 5 accident, when a door plug blew out… Continue Reading…

Real Estate, Stocks

“China Evergrande shares tumble 25% after police detain wealth management staff”

” Shares of embattled developer China Evergrande Group plunged 25% on Monday after police detained some staff at its wealth management unit, suggesting a new investigation that could add to the property company’s woes. Evergrande, the world’s most indebted property developer,… Continue Reading…

Economy, Stocks

“Beware this stock market rally because it’s reminiscent of what led up to the 2008 crisis, JPMorgan Asset Management CIO says”

“…Investors should be wary of the ongoing stocks rally because it doesn’t reflect looming economic risks, and is reminiscent of the months that led up to the 2008 financial crisis, according to JPMorgan Asset Management’s chief investment officer. Bob Michele told… Continue Reading…

Banking, Cryptocurrencies

“Goldman Sachs is close to offering bitcoin and other digital assets to its wealth management clients”

“Goldman Sachs is close to offering its first investment vehicles for bitcoin and other digital assets to clients of its private wealth management group, CNBC has learned exclusively. The bank aims to begin offering investments in the emerging asset class in the second… Continue Reading…

Stocks

“2 Big Dividend Stocks Yielding 10%; RBC Says ‘Buy’”

“Annaly Capital Management (NLY)… Overall, there is broad agreement on Wall Street about NLY’s quality, as shown by the 7 to 1 split among the analyst reviews, favoring Buy over Hold and giving the stock a Strong Buy analyst consensus… Continue Reading…