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Boeing shares tumble as company lowers 2024 cash forecast
Boeing shares tumble as company lowers 2024 cash forecast
by  AFP

Boeing shares were hammered Thursday after a top company official predicted another quarter of meager plane deliveries, likely resulting in negative cash for all of 2024. But on Thursday, West withdrew that forecast, indicating the company would likely have negative cash generation for the year.

US new home sales miss expectations in April
US new home sales miss expectations in April
by  AFP

Sales of new US homes were weaker than analysts expected in April, government data showed Thursday, with slower mortgage demand appearing to bog down the number of transactions. While sales data can be volatile and revised later, the April selling pace was lower than the first quarter average of 653,000, noted Rubeela Farooqi, chief US economist at High Frequency Economics.

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