Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
Stocks in Asia Pacific traded higher on Friday morning, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease monetary policy...Asia Marketsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
They also voted to absolve themselves, their party and the voters who elected them – like the ones Trump inspired to chant "send her back" at a rally Wednesday in North...Politicsread more
See which stocks are posting big moves after the bell on July 18.Market Insiderread more
House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
West showed a proposed image of the hydrogen-powered plane to Trump and his son-in-law, Jared Kushner.
As it turns out, West didn't come up with concept or the picture. Rather, it was developed by a freelance transportation and industrial designer named Shabtai Hirshberg, who told CNBC that he worked on the design as a graduate student at the College for Creative Studies in Detroit.
Hirshberg, who completed his graduate work in 2012, posted the design three years ago to Behance, a website used by creative professionals to publish portfolios of their content. He had no idea West was pitching the idea in the White House. He also never suggested that Apple build the plane.
"It all caught me by surprise," Hirshberg said in a phone interview. "It's not every day your designs are presented to the president."
Hirshberg said the project was "an accumulation of a year of my research and design work."
While West suggested that the plane might be fueled by hydrogen, Hirshberg said that wasn't exactly what he had in mind.
"It's definitely an option, but I think hydrogen is a little far out," Hirshberg said. "I was thinking ultra-high bypass turbo fan, which is an extreme version of what we're using today."
Hirshberg said that he's currently working on a smaller version of the plane that would be more feasible to build. Asked whether he'd be willing to talk to West about his work, Hirshberg responded, "I'd be more than happy to."