Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Trump's is due to visit Copenhagen early next month, when the Arctic will be on the agenda in meetings.World Politicsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
(Adds share price, analyst comment)
SAO PAULO, Aug 14 (Reuters) - Brazilian planemaker Embraer on Wednesday swung to a $7.2 million profit in the second quarter as higher revenue at its executive jets business offset lower commercial jet sales, but reaffirmed it would report a loss for 2019.
The company had reported a quarterly loss of $131 million a year earlier, impacted by a runway incident involving a new military plane.
The profit in the latest quarter was better than the Refinitiv estimate of a $29-million loss, and analysts at Cowen told clients the results were "better than feared."
Still, Embraer reaffirmed its previous forecast that it would report a loss this year. It also reported a loss in 2018.
Shares were down about 2% in early Sao Paulo trading.
The planemaker's recent struggles to turn consistent profits have raised questions about its future performance because it is in the midst of selling 80% of its commercial aviation division, historically its most profitable, to Boeing Co.
Embraer expects to conclude that transaction by the end of the year, after which it will have to rely on its remaining divisions, executive jets and defense contracting, to drive most of its bottomline.
During the first six months, Embraer posted operational losses in its commercial, executive and defense divisions.
The company said it expects to deliver its first new cargo military plane, known as the KC-390, to the Brazilian government by the end of the year.
Embraer and Boeing have signed a separate deal to jointly market the plane, which the Brazilian planemaker hopes will draw orders from governments which are allies of the United States.
In a call with journalists, Embraer executives said they were optimistic about demand for their newest executive jet, known as the Praetor 600, which recently received flight certification from Brazil's civil aviation regulator. (Reporting by Marcelo Rochabrun; editing by Jason Neely and Bernadette Baum)