The U.S. Federal Aviation Administration says Boeing Co’s more than 300 of the grounded 737 MAX and the prior generation 737 may contain improperly manufactured parts and that the agency will require these parts to be quickly replaced. Up to 148 of the part known as a leading-edge slat track that was manufactured by a Boeing supplier are affected, covering 179 MAX and 133 NG aircraft worldwide.The tracks guide the slats and are built into the wing. In a statement issued after the FAA announcement, Boeing said it has not been informed of any in-service issues related to this batch of slat tracks.

Apple executives showed eager consumers a large set of privacy and speed-focused changes to the company's phone and computer software. Apple CEO Tim Cook previewed one of the original shows Apple is producing for its new video-streaming service, "For All Mankind," set in an alternate history where the Soviets were first to land a man on the moon.  Apple's keynote focused largely on minor feature updates to its flagship software but hinted at its shift toward a service-focused company.

Major automakers on Monday reported better-than-expected U.S. new vehicle sales for May, posting the first monthly increase for 2019 as a strong economy and upbeat consumer sentiment boosted demand.

After rallying almost 50% from its December low, American International Group (NYSE: AIG) seems to have hit resistance at its 104-week moving average.Looking at the weekly chart we see how the stock moved sharply higher in the last month but turned lower in the past week after hitting the trend line.

The latest and one of the biggest victims in U.S. Presidents recent tariff game is likely to be the U.S. denim companies who are heavily depended on Mexico for denim supply. According to analysts, President Donald Trump’s surprise pledge to slap new tariffs on Mexican goods could end up hurting retailers the most, who are already reeling under the pressure of the ongoing tit-for-tat trade war between the U.S. and China. President Trump through his Twitter (TWTR) account on Thursday announced that the U.S. is all set to impose a 5% tariff on all Mexican imports from June 10. One of the biggest victims of this new Mexican tariffs in the retail industry could be jean makers, the reason being Mexico is the biggest supplier of men’s and boy’s jeans to the U.S. – nearly 35% of imports.Further, the country is overall the eighth-largest supplier of apparel and the seventh-largest supplier of footwear to the U.S. market. However, the American Apparel & Footwear Association said in a sta

American multinational conglomerate, General Electric’s French head Hugh Bailey in a media interview published on Sunday in France’s Journal Du Dimanche announced that the company is planning to cut jobs in the range of thousands at its eastern France factory but would not close the factory down. According to the company, the site would continue to remain GE Power’s number one industrial site in Europe, but it would look to explore alternative options for the plant as Belfort's sales of gas turbines halved between 2017 and 2018 as the group struggled to remain competitive. Currently, the Belfort plant handles gas, steam, nuclear and hydro technology but the company is looking into different alternatives like building aeronautical parts.Further this move, according to the company, is aimed at making its operations more resourceful in France in response to a dwindling market for power plants. French industrial group, Alstom, was Belfort’s biggest employer until 2014, but then it

President Donald Trump on Monday called for a boycott of AT&T to force “big changes” at subsidiary CNN, which Trump often accuses of biased and negative coverage of his administration. “I believe that if people stoped using or subscribing to @ATT, they would be forced to make big changes at @CNN, which is dying in the ratings anyway.It is so unfair with such bad, Fake News!” the president tweeted from the U.K., just as he began a state visit, misspelling “stopped.”

government debt yields fell on Monday, continuing their rout that started last month on concern the trade war is slowing the economy.The 10-year yield hit a new 20-month low.

More than a year after U.S. President Donald Trump fired the first tariff salvo that eventually led to a trade war with China, the debate about who actually bears the burden of those elevated levies has not found a definite conclusion.

Goldman Sachs has revised up its expectations of an escalation to U.S. trade wars with China and Mexico. There is now a 60% chance of the U.S. placing a new 10% tariff on the final $300 billion of Chinese imports, a note from the Wall Street investment bank said Monday.This is an increase from a previous estimate of 40%

Chipotle Mexican Grill feels that tariffs on Mexican imports could raise costs and squeeze margins. The chain of fast casual restaurants told CNBC that if U.S. President Donald Trump’s proposed tariffs on goods imported from Mexico gets implemented, the company’s costs could increase by $15 million in 2019, while its margins could get slashed by 20 to 30 basis points. CFO Jack Hartung mentioned in a statement that Chipotle might consider covering the higher costs through a “modest” price hike on their items, among other potential solutions - should the tariffs become permanent. Hartung emphasized that the company is committed to its “integrity principles”.  He indicated that while premashed or processed avocados would probably be cheaper, the company would continue to use fresh ingredients as it is unwilling to short-change customers on quality and taste. The tariffs on Mexican imports could gradually increase and could potentially get to as high as 25% this yea

The U.S. Department of Justice (DOJ) is reportedly preparing for an antitrust investigation against Google.Following the report, the tech giant’s parent company Alphabet lost more than -3% in stock price during pre-market trading Monday. Citing sources familiar with the antitrust probe, The Wall Street Journal indicated that third-party critics of Google have been in touch with the Department regarding the issue.

Goldman Sachs Group Inc said on Monday that West Street Capital Partners VII, a fund managed by the company’s merchant banking unit, will acquire Capital Vision Services LP, to bolster their portfolio in the healthcare services sector.

Its same-store sales for the quarter plunged -4% year-over-year, which is a sharper drop than analysts’ estimates of -1.1% decline. Gap’s Old Navy same-store sales decreased -1%, compared with the prior year’s +3% increase.Its Banana Republic same-store sales were down -3%, compared with +3% growth in the year-ago period. Looking ahead, Gap predicts its adjusted earnings per share to range between $2.05 and $2.15 for the full-year, which is a lower projection compared with a prior forecasted range of $2.40 to $2.55. Last week, Gap revealed its plans to close 130 Gap-branded stores in the fiscal fourth quarter. Shares of Gap ended around -9% down on Friday.    

Homebuilder DR Horton (NYSE: DHI) reported earnings on April 25.Now that the disappointment is starting to subside, the stock appears to be forming a base in the $44 area and looks as though it may be ready for another leg higher. Looking at the daily chart we see that the stock has been trending higher since the end of December and there is a trend line that connects the lows from December, January, and March.

Starbucks (Nasdaq: SBUX) has been on an incredible run since last June with the stock jumping almost 72% from the low to the high.Even in the fourth quarter when most stocks lost tremendous ground, Starbucks was actually up. The stock did pull back a little in December and the low from then combined with the lows from January have created the lower rail of an upwardly sloping trend channel.

Unfortunately for shareholders, the stock has gotten caught up in the recent selling in the overall market and has pulled back down to the $1,800 level at this point. The good news is that the stock is right around a lower rail of what I believe to be a forming trend channel.Connecting that rail with the low from early March puts it in the $1,800 area at this time. We also see that the stochastic readings have hit oversold territory and made a bullish crossover on May 29. The Tickeron AI Trend Prediction Engine generated a bullish signal for Amazon on May 28 and it showed a confidence level of 88%.

Once embattled electronics retailing giant Best Buy Inc. has been dodging death for some time now, but the question is, for how long? The company expects to grow same-store sales in 2019 amidst threats from tariff increase and concerns over consumer spending. For years, Best Buy had watched customers walk its floors and test out products they would then buy online for lower prices, often from Amazon.It is now trying to test options where consumers would return to stores to buy products instead of buying them cheaper from e-commerce sites like Amazon (AMZN). Under the current CEO, that trend is changing and the company boasts of retaining some of the customers who walked its floors.

Over assumed execution risks, Fiat Chrysler’s $40 billion merger deal with Renault is far from complete, and if the deal does see through, it would take a year or even 18 months to reach fruition. The first major obstacle is choosing the right leader for the combined entity as both companies have complex business models.This will add a significant burden on investments. The Italian-American automaker has offered Renault a 50-50 merger of equals that would create an 11-member board split equally between Renault and Fiat Chrysler, with one seat going to Nissan.

Against the backdrop of rising uncertainty and high expenses attached to global supply chains, apparel brands’ real challenge now is to get their merchandise closer to the point of sale. Amazon Inc’s t-shirt printing service currently seems to be the go-to solution for many of them.Entertainment companies like Walt Disney (DIS) and Dr. Seuss are increasingly turning to Amazon’s platform are following this strategy where instead of approaching traditional stores, they are working by on-demand printing T-shirts that do not warrant wide distribution.