The outgoing CEO of Boeing, Dave Calhoun, will be in front of a Senate panel today to testify about its recent safety scandals.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribejumped nearly 1%, continuing an upward trend of seven weeks of gains in the past eight for both the S&P 500 and Nasdaq. Thedropped as much as 17% after the company's shareholder meeting concluded without a detailed strategy to revive the video game retailer.
gained 0.8%, led by gains in chipmakers Samsung Electronics and SK Hynix, which rose about 2.3% and 3.36%, respectively. Australia's. Citing robust company fundamentals and strong earnings growth, Evercore ISI's bullish outlook suggests a potential 10.5% surge from current levels.into a 737 Max flown by Southwest Airlines, which suffered substantial damage from a Dutch roll at nearly 38,000 feet.
Boeing already burned through $4 billion in cash in the first quarter as it attempted to rectify production issues. CFO Brian West warned last month that figure could be similar or"" in the second quarter. The company's stock, which has fallen by almost a third since last year, edged higher ahead of the Senate hearing.
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