Tag: culprit

Boeing targets a culprit of 737 MAX production woes: ‘Traveled work’

Boeing’s (BA) CFO today outlined the steps the company is taking to address a series of issues affecting the safety and reliability of its planes (not to mention the company’s reputation). “The events of Jan. 5, in Alaska Airlines Flight 1282 and everything we’ve learned since, we acknowledge that we need to improve upon safety […]

What’s behind Apple’s $100 billion market-cap loss today? A major downgrade that has investors worried about slowing iPhone sales is the key culprit

After surging roughly 50% to a record high in 2023, a rare rating downgrade from Wall Street helped push Apple stock down 3.65% on Tuesday, shaving over $100 billion from the tech giant’s market cap. Barclays analyst Tim Long tagged Apple with an “underweight” rating due to weak iPhone demand Tuesday morning, arguing its shares […]