The Comac C919, which is positioned to compete with Boeing’s 737 Max and Airbus’s A320, took its first commercial flight this week, from Shanghai to Beijing
Market Extra: Saudis to cut oil production by 1 million barrels a day in July as OPEC+ extends output deal
OPEC+ on Sunday says it will maintain production at current levels, while Saudi Arabia will cut output by an additional 1 million barrels a day in July.
Earnings Watch: Big Tech is driving corporate earnings, and buoying expectations for coming months
Q2 profit expectations grew more pessimistic for all but two industries over the past three months, according to FactSet. Both were heavy on big tech.
Market Snapshot: A Fed skip? A pause? Even so, investors aren’t likely out of the woods.
Even if the Federal Reserve skips a June rate hike to give 5% rates more time to sink in, stocks, bond and the economy still face challenges.
: ‘Ability is ageless’: New York City helps retirees get back to work and fill open jobs
A new program trains New York retirees to rejoin the workforce.
: Beyond OpenAI: 7 promising startups that have saved lives, sped up drug development and improved manufacturing
OpenAI is stealing the spotlight as the definitive AI startup, but other promising startups are making waves and generating buzz in Silicon Valley and beyond.
: Half of retail and grocery workers have witnessed a recent theft or attempted theft, study says
Retail and grocery workers are seeing an increase in hostile and violent situations, according to learning provider Axonify.
The Margin: Pride Month: These are the 5 most LGBTQ-friendly states in the U.S. — and the least
Many states are becoming less friendly to LGBTQ+ people, according to a business-climate index ranking all 50 states on measures of LGBTQ+ equality.
The Margin: Five things to know about Dev Shah, the new Scripps National Spelling Bee champ
Dev Shah, a 14-year-old from Florida, bested 229 competitors in this year’s finals to score the $50,000 cash prize.
Deep Dive: 13 retailers posted a good earnings season based on two key measures. Are their stocks worth a look?
These companies all grew sales while expanding gross profit margins in a difficult environment as pandemic stimulus came to an end and interest rates increased.
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