Iran's Revolutionary Guard said the British tanker, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
More than a quarter of the S&P 500 companies report earnings in the week ahead, and that could buffet the market as investors await the Fed's meeting at the end of the month.Market Insiderread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
Executives from United Airlines and American Airlines were "shocked" that state-owned airline Qatar Airways CEO Akbar Al Baker was also invited to the meeting, according to a...Airlinesread more
J.C. Penney on Friday afternoon issued a statement responding to a report that the embattled department store chain had hired advisors to explore debt restructuring options,...Retailread more
Earlier this week, a lawyer said Jeffrey Epstein, a former friend of Presidents Donald Trump and Bill Clinton, had "improper sexual contact" with at least one woman under the...Politicsread more
Walmart is making further organizational changes as it continues to integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was...Retailread more
The airline has instead ordered 30 Airbus A320neo planes for $5.5 billion, marking one of the first carriers to fully switch to Boeing's French rival as problems with the Max continue.
"This order will result in flyadeal operating an all-Airbus A320 fleet in the future," Flyadeal announced Sunday.
The airline tentatively committed to buying Boeing's 737 Max in December — a deal it reconsidered after two fatal crashes killed 346 people and left the jet grounded across the globe.
"Boeing is proud of its seven-decade long partnership with Saudi Arabia's aviation industry and we wish the flyadeal team well as it builds out its operations. Our team continues to focus on safely returning the 737 Max to service and resuming deliveries of MAX airplanes," Boeing said in an emailed statement.
Boeing has frozen its Max deliveries for months following the crashes, and now hopes to submit a fix to regulators for review in September. That timeline would get the planes back in the air by the end of the year.
Other Middle Eastern airlines have warned of switching to Airbus if the Max isn't fixed soon. Oman Air said last month it would hold talks with Airbus if Boeing didn't provide support and a recovery plan for the Max. Emirati carrier flydubai also said in April it could order A320neos as replacements for the Max jets.
Based in Toulouse, France, Airbus is poised to overtake Boeing this year as the world's largest plane maker as the U.S. company cuts 737 production volume.