Thursday, March 14, 2024

Left with few options, major U.S. airlines are using Boeing's safety crisis as leverage

A Boeing plane is shown taxiing on a runway.

Airline executives are frustrated with Boeing as its safety crisis has upended their business plans. But in a tight market for large aircraft supplied by two companies, they have little choice but do business with the U.S. plane maker.



source https://www.cbc.ca/news/business/airlines-leverage-boeing-woes-lack-of-alternatives-1.7143521?cmp=rss

Reddit, birthplace of the meme stock, is going public. Here's what to expect

A logo of a small alien in a red circle appears next to the word Reddit.

When Reddit goes public later this month, it will be the first major social media platform to do so in years. The company is aiming for a target valuation of up to $6.4 billion US when it launches its IPO (initial public offering) on the New York Stock Exchange, giving the public an opportunity to invest in the company's stock for the first time.



source https://www.cbc.ca/news/business/reddit-ipo-explainer-1.7140286?cmp=rss