Money

Emirates sends a stern warning to Boeing over performance shortcoming

Published

5 years ago

May 26, 2021

Emirates plans to swap Boeing 777X for Dreamliner

The head of Emirates says they’ll refuse delivery of new 777X aircraft if Boeing falls short of contract performance agreements

Emirates says they’ll refuse delivery of new aircraft from Boeing if they’re not up to scratch. The middle eastern carrier sent a stern warning to the US company over failure to meet contract performance agreements.

In an interview, President Tim Clark says he had not received any performance details of the jet’s engines so far. This is even though test flights began in 2020.

The influential industry veteran has raised concerns that Boeing had a recent history of over-promising and underdelivering.

The company also failed to meet promises about the performance of new jets, including the 737 MAX and 787 Dreamliner.

Emirates plans to swap Boeing 777X for Dreamliner

This comes after the chairman of Emirates said the company is in discussions with Boeing about changing aircraft.

Emirates plans to swap its 126 Boeing 777-X jets for smaller 787 Dreamliners as part of a sweeping review.

Demand for jumbo jets slumps following pandemic

This also comes at a time where the demand for international travel is falling due to COVID-19.

Emirate’s Chief Operating Officer Adel Al Redha said the company prefers to take the smaller Dreamliner sooner rather than later as it “offers better seat capacity”.

Money

U.S. stocks falling amid AI worries and weak earnings

U.S. stocks decline amid AI concerns, defensive sectors rising; traders eye commodities, jobs data, and currency trends for insights.

Published

1 day ago

February 13, 2026

Harvey Vargas

U.S. stocks decline amid AI concerns, defensive sectors rising; traders eye commodities, jobs data, and currency trends for insights.

U.S. stocks are tumbling as investors grow concerned over AI profitability and disappointing earnings. Defensive sectors are attracting attention ahead of the upcoming CPI report, while market participants are carefully watching how tech-heavy AI stocks are influencing broader indices. Steve Gopalan from SkandaFX notes that these factors are shaping market sentiment.

For traders, commodities like gold and oil are also playing a role in sentiment, providing hedges amid market uncertainty. The January jobs report and unemployment data are adding further context, with potential implications for Federal Reserve policy.

Market expectations for rate cuts are shifting as investors weigh economic indicators against global market dynamics. Traders are also eyeing currency movements, including the Australian Dollar and Japanese yen, for signs of broader economic trends.

Money

Wall Street tumbles as tech stocks face AI disruption fears

Wall Street falters as tech stocks dive amid AI anxieties; 2026 seen as critical for proving AI investment returns.

Published

1 day ago

February 13, 2026

Harvey Vargas

Wall Street falters as tech stocks dive amid AI anxieties; 2026 seen as critical for proving AI investment returns.

Wall Street took a sharp hit as tech stocks plummeted amid growing investor anxiety over artificial intelligence. Markets reacted strongly to uncertainty about how AI could disrupt major sectors, leaving investors on edge. Kyle Rodda from Capital.com explains why investors are nervous about what’s ahead.

Cisco Systems’ quarterly results added to the market jitters, while defensive sectors gained attention as investors sought safer bets. Analysts describe 2026 as a ‘prove it’ year for AI, with companies needing to demonstrate real returns on their ambitious investments.

The January Consumer Price Index report and rising concerns over AI’s impact on transportation companies further weighed on sentiment. Investors are now closely watching major tech firms for signals on how AI spending will shape future market performance.

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Money

U.S. jobs report, Fed decisions, and Japan’s economic risks explained

January US jobs report sparks uncertainty; analysts debate impact on Federal Reserve policy and market confidence.

Published

2 days ago

February 12, 2026

Harvey Vargas

January US jobs report sparks uncertainty; analysts debate impact on Federal Reserve policy and market confidence.

The January US jobs report shows a mixed picture for the economy, with payroll revisions and steady unemployment leaving analysts questioning the impact on Federal Reserve policy. We break down what the numbers mean for interest rates and market confidence.

US stock markets could face turbulence as investors digest the latest jobs data. David Scutt from StoneX explains how these figures may influence equities and what the outlook is for global markets.

Meanwhile, developments in Japan and a strengthening yen could spark new macroeconomic risks. From carry trades to unexpected shocks, we explore how these factors ripple across the global economy.

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