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Boeing Co capped gains on the Dow, with its shares dropping 1.5% after Baird said it expects Wall Street to cut earnings estimates “considerably” after the company reports delivery numbers next week. The numbers could reflect the 737-MAX groundings following the Ethiopian crash, Baird said. Advancing issues outnumbered declining ones on the NYSE by a 1.51-to-1 ratio; on Nasdaq, a 1.43-to-1 ratio favored advancers. The S&P 500 posted 57 new 52-week highs and three new lows; the Nasdaq Composite recorded 79 new highs and 33 new lows cufflinks for kurta.
OSLO (Reuters) – Boeing’s new MCAS flight control system for its 737 MAX aircraft appears foolproof, Norwegian Air Chief Executive Bjoern Kjos said on Wednesday after visiting the plane maker in Seattle cufflinks for kurta. Kjos, a former fighter pilot, said in a series of tweets he had tested the old system versus the new one in a MAX simulator. More than 300 Boeing 737 MAX jets have been grounded worldwide after two fatal crashes in the past five months in Ethiopia and Indonesia killed nearly 350 people. Boeing said on Monday it planned to submit a proposed software enhancement package for the MAX in coming weeks, after previously saying it planned to deliver the fix for government approval by last week..
Kjos said he had tested the old and the new MCAS software “under a malfunction”, saying the new system seemed foolproof cufflinks for kurta. “I hope the regulators will have safety in focus as always and not be directed by politics. I will gladly take my family on board a Norwegian MAX,” he added. Norwegian has 18 Boeing 737 MAX aircraft in its fleet and dozens more on order. The budget carrier has said it would seek compensation from the aircraft maker for the cost of leasing replacement planes while its own are grounded..
NEW YORK (Reuters) – What a difference a week makes. Lyft Inc has gone from IPO darling to short sellers’ best friend cufflinks for kurta. Investors have ramped up bets against Lyft, which went public in an IPO priced on Thursday at the top of its already-elevated target range, even as borrowing fees became the most expensive in the market for shares in the ride-hailing service. More than 38 percent of Lyft’s 32.5 million publicly listed shares, valued at $856 million, were sold short by the end of Tuesday’s session, according to data from S3 Partners. S3 did not disclose Wednesday’s levels. Lyft raised $2.34 billion in its IPO..
In comparison, short-selling in Snap Inc, which was famously popular among shorts after its 2017 market debut, did not exceed 20 percent of its float until 10 weeks after its initial public offering. After rising as much as 23% on Friday in its first trading day, Lyft finished up 8.7 percent. Ahead of the offering, Lyft, which has warned it may never be profitable, had faced criticism for its dual-class share structure and its strategy for autonomous driving cufflinks for kurta. Investor worries also include new laws aimed at increasing driver pay..