Boeing posts loss, earnings continue, diesel crunch: LIVE Updates

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Posted by FOX Business Team

Boeing CEO bemoans Air Force One overruns

Boeing CEO David Calhoun suggested Wednesday that the company's deal with former President Trump to provide a new Air Force One fleet at a fixed price was a mistake now that development costs have surged.

Posted by FOX Business Team

Chipotle is hiking prices but CFO says his meals still represent value for consumers. Here's why....

RETAIL

Chipotle still has pricing power despite record-high inflation: CFO

Chipotle CFO Jack Hartung discusses the impact of inflation on the company's affordable meals.

Symbol	Price	Change	%Change
CMG	$1,478.59	+42.57	+2.96%

Posted by FOX Business Team

Breaking News

Nasdaq Composite Index.

12488.933118

MARKETS

Stocks end mixed as Nasdaq waffles, Boeing shares sink

Investors are weighing a fresh round of earnings, inflation woes and fears of a slowing U.S. economy.

Posted by FOX Business Team

REAL-ESTATE

Homebuyers nationwide need 34% more income to afford a home

Due to increasing mortgage rates and rising sale prices, homebuyers across the nation will need to earn $76,414 annually in order to afford to typical monthly mortgage payment, according to the technology-powered brokerage Redfin.

Posted by FOX Business Team

Musk weighs in on Trump's social media platform

TECHNOLOGY

Musk says Trump's Truth Social 'exists because Twitter censored free speech'

Tesla CEO Elon Musk took to Twitter on Wednesday writing that its competitor Truth Social, which he says has a “terrible name,” only exists because of Twitter’s censorship of free speech.

Posted by FOX Business Team

Bitcoin advances, taking lead from stocks

Posted by FOX Business Team

Meatpackers grilled by Congress amid rising prices

Sen. Kevin Cramer, R- N.D., discusses the meatpacking industry amid inflation and how his state is combatting the price increases.

Posted by FOX Business Team

Symbol	Price	Change	%Change
TWTR	$48.45	-1.22	-2.46%

Posted by FOX Business Team

Traders have doubts about Musk's Twitter purchase going through

Posted by FOX Business Team

Pending home sales dip again

ECONOMY

Pending home sales slip for fifth straight month

Contracts for home sales dropped another 1.2% in March, marking the fifth straight month of declines amid rising interest rates and soaring prices.

Posted by FOX Business Team

The Boeing Co.

155.11

MARKETS

Boeing CEO talks China crash, 737 Max jet after 1Q loss

Boeing reported an overall net loss of $1.2 billion during the quarter, or $2.75 per share. Total revenue came in at $13.99 billion

Posted by FOX Business Team

Breaking News

Symbol	Price	Change	%Change
I:COMP	$12,611.88	+121.14	+0.97%
QQQ	$319.94	+2.80	+0.88%

MARKETS

Stocks rebound after Nasdaq hit 2020 lows

Investors are weighing a fresh round of earnings, inflation woes and fears of a slowing U.S. economy.

Posted by FOX Business Team

MONEY

What do a barrage of big Fed rate hikes mean for Americans' wallets?

Federal Reserve Chairman Jerome Powell last week solidified expectations for a half-percentage point rate hike at the central bank's May meeting as officials look to tame red-hot inflation, a move that could have major implications for millions of U.S. households.

Posted by FOX Business Team

Homebuilders call on White House as housing market faces slowdown

ECONOMY

Looming 'housing recession' has builders appeal to Biden administration

As mortgage rates and home prices reach record highs, the National Association of Homebuilders is now calling on the White House to take action.

Symbol	Price	Change	%Change
LEN	$77.20	-2.42	-3.04%
TOL	$46.55	-1.42	-2.95%
MTG	$12.92	-0.28	-2.12%
DHI	$72.21	-2.03	-2.73%

Posted by FOX Business Team

MARKETS

Diesel supplies dwindle, some buyers shut out

Diesel fuel is at a premium in parts of Europe and the U.K., threatening the availability of the crude.

Posted by FOX Business Team

Stock futures rebound after tech selloff

U.S. equity futures pointed to a rebound Wednesday morning, following the previous day's tech-related selloff. Continue reading

Posted by Ken Martin

Microsoft boosts revenue forecast, Alphabet growth slows

It was a tale of two tech companies and their quarterly results after the bell on Tuesday. Continue reading

Posted by Ken Martin

Bitcoin price around $38,000 after 5% decline

Bitcoin was attempting a comeback Wednesday morning after dropping around 5% on Tuesday. Continue reading

Posted by Ken Martin

Oil adds to gains on Russia gas tensions

Oil prices added to gains on Wednesday morning as prices settled in the Tuesday session 3% higher than Monday. Continue reading

Posted by Ken Martin

Gasoline gains

The average price for a gallon of gasoline in the U.S. rose on Wednesday to $4.134, according to the latest numbers from AAA. The price on Tuesday was $4.131. The record high was $4.33, set on Friday March 11, 2022.

Posted by Ken Martin

Live Coverage begins here

Musk weighs in on Trump's social media platform

Bitcoin advances, taking lead from stocks

Meatpackers grilled by Congress amid rising prices

Traders have doubts about Musk's Twitter purchase going through

Pending home sales dip again

Homebuilders call on White House as housing market faces slowdown

Stock futures rebound after tech selloff

Microsoft boosts revenue forecast, Alphabet growth slows

Bitcoin price around $38,000 after 5% decline

Oil adds to gains on Russia gas tensions

Gasoline gains

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