Boeing puts the biggest Dreamliner to the test

Boeing’s newest and largest Dreamliner model, the 787-10, took off successfully on its first flight on Friday, but questions remain about how the world’s biggest planemaker plans to perk up lackluster sales.


Source: US news

Stocks edge lower

Stocks fell on the last day of the first quarter, but the S&P 500 notched its strongest quarterly performance since the last quarter of 2015. Fred Katayama reports.


Source: US news

Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO

NEW YORK (Reuters) – U.S. mortgage finance giants Fannie Mae and Freddie Mac may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by President Donald Trump, according to an analyst at BMO Capital Markets on Friday.


Source: Business News

Trump turns to Wall St. guns for tax push

Secretary Steven Mnuchin and National Economic Council Director Gary Cohn are among the former Wall Streeters charged with launching a plan to overhaul the tax code after President Trump’s effort to repeal Obamacare collapsed.


Source: US news

SpaceX launches first recycled rocket

SpaceX Falcon 9 blasted off from Florida on Thursday in the first successful launch of a recycled rocket, a feat that may open an era of cheaper space travel. Fred Katayama reports.


Source: US news

Fed signals it could promptly start shedding bonds from portfolio this year

NEW YORK (Reuters) – The Federal Reserve could begin shrinking its $4.5-trillion balance sheet as soon as this year, earlier than most economists expect, New York Fed President William Dudley said on Friday in the central bank’s most definitive comments on the question that looms over financial markets.


Source: Business News

Breakingviews TV: Hollywood drama

Stagnant ticket sales, competition from streaming services, studio turmoil: Jen Saba and Tom Buerkle discuss the litany of woes plaguing the movie industry.


Source: US news