In 2021, billionaire CEO Elon Musk reached several milestones across Tesla, SpaceX and Starlink. WSJ reporters Rebecca Elliott and Micah Maidenberg break down some of his biggest moments in 2021 and w...
Tag: Aerospace/Defense
Defense Stocks Rose With the Ukraine War. Then a Tight Proposed Budget Set Them Back.
Elias Stein Text size Defense stocks took a surprising blow after a proposed defense budget was released last week. The Biden administration asked Congress for $773 billion to fund defense for fiscal ...
Defense Stocks Take a Hit on U.S. Defense Spending Request
Text size Defense stocks trade for about 18 times estimated 2022 earnings. Jose Luis Magana / AFP) Defense stocks are taking a small hit after details of the coming defense budget were released. On Mo...
Joby Reports a Profit From No Sales. The Stock Is Soaring.
Text size Courtesy Joby Aviation Electric air taxi maker Joby Aviation managed to produce a profit in the fourth quarter even though it doesn’t have any sales just yet. Shares were rising sharply Frid...
Alaska Air Is Converting 2 More Boeing Jets Into Freighters. Here’s Why.
Text size Alaska Air sees capacity rising by 1% to 3% in 2022 compared to 2019. Photograph by Jason Redmond/AFP/Getty Images Alaska Air Group unveiled plans Thursday to convert two Boeing 737-800 pass...
Boeing Stock: What Wall Street Is Saying After the China Plane Crash
Text size The Boeing logo Scott Olson/Getty Images A China Eastern Airlines 737-800 tragically crashed Monday, sending shares of Boeing lower. Wall Street is hopeful that Monday’s crash wasn’t a MAX-l...
FAA Official Testifies Former Boeing Pilot Lied About 737 MAX
FORT WORTH, Texas—A Federal Aviation Administration training specialist said a former Boeing Co. BA -3.59% pilot lied to her about how a 737 MAX flight-control system worked before two of the jets cra...
Dow ends 200 points lower after Fed’s Powell leaves door open to larger rate hikes
Federal Reserve Chairman Jerome Powell Samuel Corum/Getty Images Stocks fell Monday after Federal Reserve Chairman Jerome Powell left the door open to the prospect of bigger rate hikes to bring down i...
Elon Musk Has Sold Seven Homes for Nearly $130 Million After Vowing to ‘Own No House’
It’s been almost two years since Elon Musk announced a plan to sell nearly all of his physical possessions, including his real estate, by tweeting “Will own no house” on May 1, 2020. The billionaire T...
Berkshire Hathaway’s Market Cap Climbs. It Could Soon Overtake Tesla.
Text size Berkshire Hathaway currently is the sixth most valuable stock in the S&P 500. Photograph by Luke Sharrett/Bloomberg Tesla is the fifth most valuable stock in the S&P 500. But Warren ...
As Russia presses its war with Ukraine, here are 10 aerospace and defense stocks expected to rise up to 39%
No matter when the shooting stops and Russia’s war in Ukraine comes to an end, it seems clear from actions taken by European countries that we’re entering a period of increased defense spending. Below...
Opinion: Russia’s invasion of Ukraine could keep stocks sliding for weeks before the market finally hits bottom
U.S. stocks staged an impressive reversal on Feb. 24 — including a 950-point intraday move to the upside for the Dow Jones Industrial Average DJIA, +2.51% — but there’s too much eagerness to declare t...
Regulators won’t let Boeing certify new 787 jets for flight
Federal safety regulators say they will retain power to approve Boeing 787 airliners for flight rather than return that authority to the aircraft maker, which hasn’t been able to deliver any new Dream...
Opinion: AT&T and 4 more unloved dividend stocks to buy in a ‘risk-off’ era
With stocks off to one of their worst starts to the year since the 2008-2009 financial crisis, it’s no longer crazy to talk about a sustained period of market volatility or a prolonged “risk off” envi...
What to expect from markets in the next six weeks, before the Federal Reserve revamps its easy-money stance
Federal Reserve Chairman Jerome Powell fired a warning shot across Wall Street last week, telling investors the time has come for financial markets to stand on their own feet, while he works to tame i...
GE earnings: Wall Street analysts have lowered the beat bar, but investor expectations are now ‘slightly elevated’
General Electric Co. investors should expect a “particularly noisy” earnings report for the industrial conglomerate’s fourth quarter, which will be the first since the company said it was breaking up,...
Rocket Is a ‘Clear Industry Leader.’ The Stock is Upgraded Twice.
Text size A pedestrian wearing a protective mask passes in front of Rocket Companies Inc. signage displayed on The Chase Towers building, home to Quicken Loans, in Detroit, Michigan Emily Elconin/Bloo...
Satellite TV Can’t Be Saved With a DirecTV-Dish Merger
Text size In some parts of the country where cable access is limited, Dish and DirecTV remain the only way to get pay-TV subscriptions. Daniel Acker/Bloomberg For 20 years now, Dish Network and rival ...
Boeing’s 737 MAX 10 Faces Delays. It Might Not Be a Major Problem.
Text size A Boeing 737 MAX 10 airliner. Ellen Banner-Pool/Getty Images Boeing stock is lower Monday morning. The company’s regulatory woes might be creating another overhang in the shares. The new iss...