The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
Some Apple employees have become disillusioned with the group's culture, where some have thrived while others feel sidelined.Technologyread more
President Donald Trump renewed calls Tuesday of re-admitting Russia to the G7 ahead of the group's summit in Biarritz, France this weekend.Politicsread more
Urban Outfitters reported earnings and same-store sales for the second quarter that beat analyst expectations, while revenue fell short.Retailread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Biden has shown staying power at the top of a jammed Democratic field even as polling numbers for Sanders, Warren and Harris wax and wane.2020 Electionsread more
The FDIC on Tuesday votes to approve a five-agency revision of the post-crisis regulation known as the Volcker Rule.Financeread more
The yield curve is the only economic indicator pointing to a recession, according to Credit Suisse.Marketsread more
Amid fears of a recession, Domino's Pizza CEO Ritch Allison said Tuesday that the U.S. consumer is still strong.Restaurantsread more
Another former J.P. Morgan precious metals traders pleaded guilty Tuesday to criminal charges of manipulating the precious metals markets.Wall Streetread more
Europe's largest budget carrier Ryanair has cut its forecast for growth in traveller numbers next summer due to the possibility of further delays in deliveries of Boeing 737 MAX planes.
Ryanair cut its summer 2020 growth rate to 3% from 7%, which means full year traffic growth for the year to March 2021 will be cut from 162 million passengers to around 157 million.
The airline expects the grounded aircraft to return to service before the end of the year, with the first of new aircraft ordered by Ryanair to be delivered in January and February 2020.
But the exact date is uncertain and Ryanair has revised its summer 2020 schedule based on 30 incremental aircraft, rather than 58. Ryanair is waiting to take delivery of the new MAX aircraft, which it can receive at a maximum rate of 6 to 8 per month.
"Boeing is hoping that a certification package will be submitted to regulators by September with a return to service shortly thereafter," Ryanair
Chief Executive Michael O'Leary said in a statement. "We believe it would be prudent to plan for that date to slip by some months, possibly as late as December," he said.
"As Ryanair have ordered the Boeing MAX200s, which are a variant of the MAX aircraft, these need to be separately certified by the FAA and EASA."
"Ryanair expects that the MAX200 will be approved for flight services within 2 months of the MAX return to service."