737 MAXOne of the world’s leading aviation analysts believes the market’s negative reaction to the news of nonconforming parts on the Boeing 737 MAX is unwarranted and that production should be back to normal in June.  Boeing stock lost more than US$7bn in market cap Friday after the disclosure that Spirit had installed nonconforming fittings on the aft section of the 737 MAX fuselage, connecting the vertical fin, since 2019.Bernstein said: “Although we still do not have all details, we believe 737 MAX production could be back to normal by June and aircraft from storage (likely less than 60 in total if one excludes Chinese aircraft), could flow through at a normal rate in a few months. It suggests that Boeing could still meet Bernstein’s delivery target of 475 737s for the year.“We se

Apple logoIntelligence Driven Advisers LLC cut its stake in $Apple(AAPL)$ by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,145 shares of the iPhone maker’s stock after selling 538 shares during the period. Apple accounts for 1.6% of Intelligence Driven Advisers LLC’s portfolio, making the stock its 19th largest position. Intelligence Driven Advisers LLC’s holdings in Apple were worth $8,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).Other institutional investors have also recently added to or reduced their stakes in the company. Robinson Value Management Ltd. bought a new stake in Apple during t

$TENCENT(00700)$ slumped by the most since January 30 as Prosus unveiled a plan to sell another 96 million shares, worth about US$4.4 billion, to fund its stock buybackBuffett’s Berkshire Hathaway sold 2.48 million shares in BYD in Hong Kong to reduce its stake to 10.9 per centHong Kong stocks weakened amid a HK$205 billion (US$26.1 billion) sell-off in Tencent Holdings and BYD as corporate insiders continued to cut their holdings. Alibaba Group and other tech leaders extended losses amid regulatory scrutiny on ChatGPT-like services.The Hang Seng Index lost 0.9 per cent to 20,309.8. The Tech Index tumbled 1.9 per cent and the Shanghai Composite Index of onshore equities ended the day with a 0.4 per cent gain.Tencent slumped 5.2 per cent to HK$357

Best for Checking and Savings Combo: SoFiWhy Money chose it: SoFi Checking and Savings is a unique combination account that can earn up to 4.00% APY. This is not a standalone checking account, but it could be a good option for couples who want to combine every aspect of their finances.SoFi is an online-only bank that stands out for its combined checking and savings account. It has the potential to earn a high APY but might not be the best option if you already have a savings account.SoFi Checking and Savings keeps two separate balances in one account. Your checking balance can earn up to 1.20% APY and your savings balance can earn up to 4.00% APY. To earn the highest possible APY, you’ll have to set up direct deposit. SoFi can expedite deposits up to two days before the usual date, so this

$Alibaba(BABA)$ will restructure into six units that will be able to pursue independent fundraising and intial public offerings, it said Tuesday.The company said it will reorganize into business groups focused on cloud intelligence, local services, logistics, digital media and entertainment, and commerce, each with their own chief executives and boards, according to a post on a company news website."The market is the best litmus test, and each business group and company can pursue independent fundraising and IPOs when they are ready," Daniel Zhang, Alibaba's chief executive and chairman, said in a letter to employees, according to the post.Alibaba, with a market capitalization of about $230 billion, will follow a holding company management model,

Taipei, March 21 (CNA) $Taiwan Semiconductor Manufacturing(TSM)$ plans to list NT$19.3 billion (US$631 million) in green bonds on the local over-the-counter (OTC) market on March 27, according to the Taipei Exchange (TPEx).In 13 prior rounds since Dec. 2, 2020, TSMC has sold NT$47.6 billion in green bonds to finance environmentally friendly projects, according to TPEx, which runs the local bond market and supervises issuances.Taiwan's capital markets and financial authorities have promoted green bonds to encourage companies to act in an environmentally responsible way, TPEx said.TSMC, the world's largest contract chipmaker, said the proceeds from the three tranches of planned bond sales will be used as capital spending for the construction of green

Insight Advisors LLC PA trimmed its position in shares of $Advanced Micro Devices(AMD)$ by 26.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,626 shares of the semiconductor manufacturer's stock after selling 8,490 shares during the quarter. Insight Advisors LLC PA's holdings in Advanced Micro Devices were worth $1,497,000 as of its most recent SEC filing.Other hedge funds have also recently made changes to their positions in the company. SouthState Corp boosted its stake in shares of Advanced Micro Devices by 234.5% during the third quarter. SouthState Corp now owns 388 shares of the semiconductor manufacturer's stock valued at $25,000 after purch

The company reported revenue of $12.56bn for the full year 2022, an increase of 17% from 2021.The company carried 823,000TEUs in Q4 2022. Credit: Olga Subach / Unsplash.Israel-based $ZIM Integrated Shipping Services Ltd.(ZIM)$ has posted anet income of $4.63bn for the full year 2022, recording a marginal decrease of 0.43% compared with a net income of $4.65bn in 2021.Its net income in Q4 2022 saw a plunge of 121%, to $417m as against $1.71bn during the same period in the previous year.With a year-over-year (YoY) decrease of 37%, ZIM reported revenue of $2.19bn in Q4 2022, while its revenue was $12.56bn for the full year 2022, an increase of 17% from $10.7bn recorded in 2021.ZIM announced an operating income (EBIT) of $585m for Q4 2022, a YoY d

S&P 500 gave up the two opening rebounds as the SVIB meeting FDIC – and the contagion fears – hit, forcing a very sharp reversal in short-term yields, with 25bp Mar rate hike now being the base scenario. The bank run fears are overdone (unfounded) and should result in dialing back the hammering in my view, with the real problem being old fashioned deposit outflows as risk-free rate of return (in CDs, T-Bills and money market funds that ultimately park reserves at the Fed whenever short-dated Treasuries are in short supply), and no other problems are immediately palpable as the zombification and crowding out of productive investments by rates too low for too long, would be only painfully and slowly unwound.To be clear, deposits outflow is unprecedented on a year on year basis, presentin