The Fed is ‘not yet done’ with rate hikes, according to S&P Global Ratings

Still expecting one more rate hike from Fed this year: Analyst 3:16 AM ET Thu, 21 March 2019 | 02:39The U.S. Federal Reserve on Wednesday kept interest rates unchanged and slashed all projections of a rate hike this year. Still, according to U.S.-based financial services giant S&P Global Ratings, the Fed is “not yet done” with rate hikes. Speaking to CNBC’s “Capital Connection” on Thursday, Shaun Roache said better-than-expected economic growth and strong labor markets leave room for a hike. The


Still expecting one more rate hike from Fed this year: Analyst 3:16 AM ET Thu, 21 March 2019 | 02:39The U.S. Federal Reserve on Wednesday kept interest rates unchanged and slashed all projections of a rate hike this year. Still, according to U.S.-based financial services giant S&P Global Ratings, the Fed is “not yet done” with rate hikes. Speaking to CNBC’s “Capital Connection” on Thursday, Shaun Roache said better-than-expected economic growth and strong labor markets leave room for a hike. The
The Fed is ‘not yet done’ with rate hikes, according to S&P Global Ratings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-22  Authors: shirley tay, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, federal, ratings, growth, rate, roache, hike, fed, projections, global, increase, according, hikes, sp


The Fed is 'not yet done' with rate hikes, according to S&P Global Ratings

Still expecting one more rate hike from Fed this year: Analyst 3:16 AM ET Thu, 21 March 2019 | 02:39

The U.S. Federal Reserve on Wednesday kept interest rates unchanged and slashed all projections of a rate hike this year.

Still, according to U.S.-based financial services giant S&P Global Ratings, the Fed is “not yet done” with rate hikes. Its chief Asia-Pacific economist told CNBC he thinks another increase may come sometime this year or early next year.

Speaking to CNBC’s “Capital Connection” on Thursday, Shaun Roache said better-than-expected economic growth and strong labor markets leave room for a hike.

Wednesday’s statement was a dovish turn from previous Federal Open Market Committee projections. The committee had previously predicted two rate hikes in 2019, following four increases in 2018.

The FOMC said it would be “patient” before any further increase in rates.

Given the “soft patch” the global economy is going through, Roache acknowledged that “it makes sense for the Fed to pause to watch the data to see how things evolve.” Still, he said he felt that concerns about global growth were “a little bit overdone.”


Company: cnbc, Activity: cnbc, Date: 2019-03-22  Authors: shirley tay, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, federal, ratings, growth, rate, roache, hike, fed, projections, global, increase, according, hikes, sp


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‘Game of Thrones’ star Emilia Clarke reveals she suffered 2 life-threatening brain aneurysms

Many SAH patients can often die immediately, and those who survive need urgent treatment, Clarke wrote. Weeks after her initial surgery, Clarke recalled that she temporarily had trouble remembering her name, and it caused her to go “into a blind panic.” Without that, I was lost,” the actor wrote in “The New Yorker.” When Clarke returned to shooting the second season of “Game of Thrones”, she still suffered pain and exhaustion. “In the years since my second surgery I have healed beyond my most un


Many SAH patients can often die immediately, and those who survive need urgent treatment, Clarke wrote. Weeks after her initial surgery, Clarke recalled that she temporarily had trouble remembering her name, and it caused her to go “into a blind panic.” Without that, I was lost,” the actor wrote in “The New Yorker.” When Clarke returned to shooting the second season of “Game of Thrones”, she still suffered pain and exhaustion. “In the years since my second surgery I have healed beyond my most un
‘Game of Thrones’ star Emilia Clarke reveals she suffered 2 life-threatening brain aneurysms Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-22  Authors: alexandra gibbs, mike windle bafta la, getty images entertainment, getty images, photo courtesy of hbo
Keywords: news, cnbc, companies, game, surgery, clarke, thrones, suffered, season, aneurysms, actor, wrote, reveals, shooting, lifethreatening, emilia, star, brain, second


'Game of Thrones' star Emilia Clarke reveals she suffered 2 life-threatening brain aneurysms

The actor who plays Daenerys Targaryen, the formidable mother of dragons on “Game of Thrones”, has revealed that she suffered two aneurysms in between filming seasons of the hit show.

Writing in “The New Yorker”, British actor Emilia Clarke opened up about experiencing a life-threatening type of stroke, which happened shortly after the first season of the HBO show had wrapped.

On Thursday, Clarke broke her silence by detailing how she suffered from two aneurysms during her twenties, the first one of which came in 2011 while Clarke was working out at a London gym.

The actress said she suddenly began to feel “shooting, stabbing, constricting pain” and soon after at hospital, was diagnosed with a “life-threatening” subarachnoid hemorrhage (SAH); which is triggered by bleeding into the space surrounding the brain.

Many SAH patients can often die immediately, and those who survive need urgent treatment, Clarke wrote. Weeks after her initial surgery, Clarke recalled that she temporarily had trouble remembering her name, and it caused her to go “into a blind panic.”

“In my worst moments, I wanted to pull the plug. I asked the medical staff to let me die. My job — my entire dream of what my life would be — centered on language, on communication. Without that, I was lost,” the actor wrote in “The New Yorker.”

When Clarke returned to shooting the second season of “Game of Thrones”, she still suffered pain and exhaustion. Further, doctors said that they would have to keep careful watch as she had another, smaller, aneurysm on the other side of her brain, which could “remain dormant.”

Two years later, a brain scan revealed that this growth had doubled in size and Clarke had to undergo more operations, after sustaining a bleed on the brain. She said her recovery has been beyond her expectations.

“In the years since my second surgery I have healed beyond my most unreasonable hopes. I am now at a hundred percent.”


Company: cnbc, Activity: cnbc, Date: 2019-03-22  Authors: alexandra gibbs, mike windle bafta la, getty images entertainment, getty images, photo courtesy of hbo
Keywords: news, cnbc, companies, game, surgery, clarke, thrones, suffered, season, aneurysms, actor, wrote, reveals, shooting, lifethreatening, emilia, star, brain, second


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3 questions to ask immediately after you’re denied a pay raise

Have you spent the past few weeks, or maybe even months, building up the courage to ask for a much-deserved raise, only to have your request denied? In a survey of more 7,000 employers conducted by compensation site PayScale, a majority of companies said that they aren’t planning to provide a meaningful pay increase to their staff this year. In fact, nearly 70 percent said they plan to provide pay increases of 3 percent or less to some of their employees. “I think ‘no’ should be an opening to as


Have you spent the past few weeks, or maybe even months, building up the courage to ask for a much-deserved raise, only to have your request denied? In a survey of more 7,000 employers conducted by compensation site PayScale, a majority of companies said that they aren’t planning to provide a meaningful pay increase to their staff this year. In fact, nearly 70 percent said they plan to provide pay increases of 3 percent or less to some of their employees. “I think ‘no’ should be an opening to as
3 questions to ask immediately after you’re denied a pay raise Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-22  Authors: courtney connley, thomas barwick, getty images
Keywords: news, cnbc, companies, payscale, increase, denied, vice, raise, think, pay, weeks, provide, immediately, questions, youre, ask


3 questions to ask immediately after you're denied a pay raise

Have you spent the past few weeks, or maybe even months, building up the courage to ask for a much-deserved raise, only to have your request denied?

You’re probably not alone. In a survey of more 7,000 employers conducted by compensation site PayScale, a majority of companies said that they aren’t planning to provide a meaningful pay increase to their staff this year. In fact, nearly 70 percent said they plan to provide pay increases of 3 percent or less to some of their employees.

Lydia Frank, vice president of content strategy at PayScale, tells CNBC Make It that her advice for anyone who has been denied a raise is to “not take ‘no’ as the end of a conversation.”

“I think ‘no’ should be an opening to ask questions.”

Frank shares three questions you should ask immediately after being denied a pay increase:


Company: cnbc, Activity: cnbc, Date: 2019-03-22  Authors: courtney connley, thomas barwick, getty images
Keywords: news, cnbc, companies, payscale, increase, denied, vice, raise, think, pay, weeks, provide, immediately, questions, youre, ask


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Cramer: Powell fixed his ‘rookie mistake’ and is now on the right path with rates

Cramer: Powell fixed his ‘rookie mistake’ and is now on the right path with rates 2 Hours Ago | 02:46Federal Reserve Chairman Jerome Powell changed course and finally made the correct policy decision by indicating the Fed is stalling interest rate increases for the year, CNBC’s Jim Cramer said Thursday. The latest policy decision came as the list of economists and business elite predicting a downturn grows. Speaking after the Fed’s decision, Powell said that weakening Chinese and European econom


Cramer: Powell fixed his ‘rookie mistake’ and is now on the right path with rates 2 Hours Ago | 02:46Federal Reserve Chairman Jerome Powell changed course and finally made the correct policy decision by indicating the Fed is stalling interest rate increases for the year, CNBC’s Jim Cramer said Thursday. The latest policy decision came as the list of economists and business elite predicting a downturn grows. Speaking after the Fed’s decision, Powell said that weakening Chinese and European econom
Cramer: Powell fixed his ‘rookie mistake’ and is now on the right path with rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: berkeley lovelace jr, scott mlyn
Keywords: news, cnbc, companies, fed, policy, fixed, rookie, rates, right, slowing, decision, mistake, path, powell, saying, cramer, cnbcs


Cramer: Powell fixed his 'rookie mistake' and is now on the right path with rates

Cramer: Powell fixed his ‘rookie mistake’ and is now on the right path with rates 2 Hours Ago | 02:46

Federal Reserve Chairman Jerome Powell changed course and finally made the correct policy decision by indicating the Fed is stalling interest rate increases for the year, CNBC’s Jim Cramer said Thursday.

“I thought that Jay was great [Wednesday],” Cramer told “Squawk Box,” referring to Powell’s news conference at the conclusion of the central bank’s two-day policy meeting. “It’s not easy to start. You make your rookie mistakes, you come back. He’s a great guy. Anyone who knows him knows that he course corrected.”

The latest policy decision came as the list of economists and business elite predicting a downturn grows.

The Fed decided Wednesday to hold interest rates steady, as expected, and indicated it would keep rates at current levels for the rest of 2019. The central bank currently holds its benchmark funds rate in a range of 2.25 percent to 2.5 percent.

Speaking after the Fed’s decision, Powell said that weakening Chinese and European economies are acting as a deterrent to growth at home even as policymakers see the overall outlook in the U.S. as good.

Cramer agreed, saying the “economy is slowing,” earnings are downshifting and there are growth concerns in just about every part of the world.

Cramer has been critical of the Fed ever since Powell’s remarks on Oct. 3 that the cost of borrowing money was a long way from so-called neutral, sparking concerns about possibly more aggressive Fed tightening. Powell appeared to walk back those comments the following month, saying rates are “just below” the balance point of not stimulating or slowing the economy.

Powell later left the door open to other options, emphasizing “data dependency” and saying if data did not hold up in 2019, the Fed may change course.

Cramer said last month that he doesn’t see an economic recession, at least anytime soon. But when asked about what would cause the next recession, Cramer responded in part with, “Three [Fed] tightenings.”

The Fed did not immediately respond to CNBC’s request for comment on Cramer’s remarks.

— CNBC’s Jeff Cox contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: berkeley lovelace jr, scott mlyn
Keywords: news, cnbc, companies, fed, policy, fixed, rookie, rates, right, slowing, decision, mistake, path, powell, saying, cramer, cnbcs


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Biogen heads for the worst day in a decade after ending trial for blockbuster Alzheimer’s drug

Shares of Biogen plummeted Thursday after the company halted the trial of Alzheimer’s disease drug aducanumab, which it was developing in partnership with Japanese pharmaceutical company Eisai. Biogen’s stock tanked 29 percent Thursday, on pace for its worst day since August 2008 because the drug was expected to be a blockbuster. Biogen is one of the largest biotechs in the world with a $63 billion market value. “This disappointing news confirms the complexity of treating Alzheimer’s disease and


Shares of Biogen plummeted Thursday after the company halted the trial of Alzheimer’s disease drug aducanumab, which it was developing in partnership with Japanese pharmaceutical company Eisai. Biogen’s stock tanked 29 percent Thursday, on pace for its worst day since August 2008 because the drug was expected to be a blockbuster. Biogen is one of the largest biotechs in the world with a $63 billion market value. “This disappointing news confirms the complexity of treating Alzheimer’s disease and
Biogen heads for the worst day in a decade after ending trial for blockbuster Alzheimer’s drug Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: yun li
Keywords: news, cnbc, companies, decade, trial, heads, day, stock, alzheimers, stop, blockbuster, ending, drug, disease, analyst, company, biogen, trials, worst


Biogen heads for the worst day in a decade after ending trial for blockbuster Alzheimer's drug

Shares of Biogen plummeted Thursday after the company halted the trial of Alzheimer’s disease drug aducanumab, which it was developing in partnership with Japanese pharmaceutical company Eisai.

Biogen’s stock tanked 29 percent Thursday, on pace for its worst day since August 2008 because the drug was expected to be a blockbuster. Biogen is one of the largest biotechs in the world with a $63 billion market value.

The company said in a statement that the decision to stop the phase 3 trial is based on an independent group’s analysis showing that the trials were unlikely to “meet their primary endpoint.” The recommendation to stop the studies was not based on safety concerns, Biogen said.

Expectations had been high for aducanumab as Goldman Sachs analysts had projected at one time that sales of the drug could reach $12 billion.

“This disappointing news confirms the complexity of treating Alzheimer’s disease and the need to further advance knowledge in neuroscience,” said Michel Vounatsos, chief executive officer of Biogen, in a statement. “We are incredibly grateful to all the Alzheimer’s disease patients, their families and the investigators who participated in the trials and contributed greatly to this research.”

Analysts weighed in after the announcement shocked the Street.

“This was the largest opportunity and the most high-profile pipeline event for trial events in the entire space, you could argue, let alone for Biogen,” said Jared Holz, a health-care analyst at Jefferies. “We’ve been talking about this for several years with an expectation we’d get a readout in 2020. There was obviously a chance you could have a futility analysis in 2019, but investors thought we were past that point.”

“All you are left with now is a value stock – it’s essentially Gilead, a cheap stock with an unproven pipeline and a company that will be more reliant on M&A,” Holz added.

Biogen designs therapies for neurological and hematological disorders, ranging from multiple sclerosis to hemophilia. Though Biogen remains a key player in the treatment of multiple sclerosis, mounting competition had forced the Cambridge, Massachusetts-based company into new areas such as Alzheimer’s.

William Blair downgraded Biogen to market perform from outperform following the news.

“We expect Biogen’s stock to trade down to $240-260 (~20%) on this negative news, and we cannot find any near term catalysts that would help the stock recover back above $300,” SVB Leerink analyst Geoffrey Porges said in a note.

Morgan Stanley analyst Matthew Harrison called the discontinuation of the trial “a major negative.”

— CNBC’s Thomas Franck and Michael Bloom contributed reporting


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: yun li
Keywords: news, cnbc, companies, decade, trial, heads, day, stock, alzheimers, stop, blockbuster, ending, drug, disease, analyst, company, biogen, trials, worst


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Powerball jackpot jumps to $625 million. Here’s the tax bite if you win

Here’s what to do if you can’t pay your taxes on time 3 Hours Ago | 01:09With the odds stacked against players hitting the jackpot — your chance is about 1 in 292 million — the Powerball jackpot has been growing since late December. For Saturday night’s drawing, the cash option — which most winners go with — is $380.6 million. The 24 percent federal withholding would reduce that amount by $91.3 million. That levy ranges from zero to more than 8 percent, depending on where the ticket was purchase


Here’s what to do if you can’t pay your taxes on time 3 Hours Ago | 01:09With the odds stacked against players hitting the jackpot — your chance is about 1 in 292 million — the Powerball jackpot has been growing since late December. For Saturday night’s drawing, the cash option — which most winners go with — is $380.6 million. The 24 percent federal withholding would reduce that amount by $91.3 million. That levy ranges from zero to more than 8 percent, depending on where the ticket was purchase
Powerball jackpot jumps to $625 million. Here’s the tax bite if you win Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: sarah obrien, justin sullivan, getty images, cmannphoto, jamie grill, andres ruffo, adam gault
Keywords: news, cnbc, companies, tax, win, team, powerball, heres, bite, jumps, 625, steps, large, jackpot, important, advisor, taxes, thats, winner, million


Powerball jackpot jumps to $625 million. Here's the tax bite if you win

Here’s what to do if you can’t pay your taxes on time 3 Hours Ago | 01:09

With the odds stacked against players hitting the jackpot — your chance is about 1 in 292 million — the Powerball jackpot has been growing since late December.

For Saturday night’s drawing, the cash option — which most winners go with — is $380.6 million. The 24 percent federal withholding would reduce that amount by $91.3 million.

Assuming the winner had no reduction to their taxable income — such as large charitable contributions made from their winnings — another 13 percent, or $49.5 million, would be due to the IRS ($140.8 million in all).

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That would leave the winner with $239.8 million before state taxes. That levy ranges from zero to more than 8 percent, depending on where the ticket was purchased and where the winner lives. In other words, the winner could end up paying more than 45 percent in taxes.

Given the sheer size of the jackpot, experts say it’s important that the eventual winner assemble a team of experienced professionals to help navigate the windfall: an attorney, a tax advisor and a financial advisor.

“There’s a big responsibility that goes with having such a large some of money,” Routh said. “It would be important to surround yourself with a quality team that’s working in your best interest.”


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: sarah obrien, justin sullivan, getty images, cmannphoto, jamie grill, andres ruffo, adam gault
Keywords: news, cnbc, companies, tax, win, team, powerball, heres, bite, jumps, 625, steps, large, jackpot, important, advisor, taxes, thats, winner, million


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GOP uses Green New Deal to hurt Democrats as it plots to retake California House seats

LOS ANGELES — Republicans are already plotting to retake some of the California congressional seats they lost in 2018 to Democrats, and one of the hot-button issues they’re talking about is the Green New Deal. “These California Democrats can’t run on rhetoric anymore, they have to run on their record,” said National Republican Congressional Committee spokeswoman Torunn Sinclair. As of this week, at least three Republican congressional candidates have announced plans to unseat California Democrat


LOS ANGELES — Republicans are already plotting to retake some of the California congressional seats they lost in 2018 to Democrats, and one of the hot-button issues they’re talking about is the Green New Deal. “These California Democrats can’t run on rhetoric anymore, they have to run on their record,” said National Republican Congressional Committee spokeswoman Torunn Sinclair. As of this week, at least three Republican congressional candidates have announced plans to unseat California Democrat
GOP uses Green New Deal to hurt Democrats as it plots to retake California House seats Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: jeff daniels, saul loeb, afp, getty images
Keywords: news, cnbc, companies, green, congressional, gop, house, harder, hurt, uses, retake, plots, republican, porter, california, deal, district, seats, levin, democrats


GOP uses Green New Deal to hurt Democrats as it plots to retake California House seats

LOS ANGELES — Republicans are already plotting to retake some of the California congressional seats they lost in 2018 to Democrats, and one of the hot-button issues they’re talking about is the Green New Deal.

“These California Democrats can’t run on rhetoric anymore, they have to run on their record,” said National Republican Congressional Committee spokeswoman Torunn Sinclair. “Supporting socialist policies like the Green New Deal and Medicare for All with no regard for cost or the impact it will have on Californians is irresponsible, and will ultimately cost them their reelection.”

Last November, Democrats won a clean sweep of all seven GOP-held congressional districts in California that Democrat Hillary Clinton carried in the 2016 presidential election. The win included four GOP-held seats in Orange County, a traditionally conservative Republican bastion in the southern part of the state.

“Orange County is no longer a ‘red’ county,” said Fred Smoller, a Chapman University political science professor. “That’s a tremendous change because of the youth and the Latinos who now make up such a large percentage of the population.”

As of this week, at least three Republican congressional candidates have announced plans to unseat California Democrats who flipped GOP House seats in 2018. The state’s 2020 primary election will be held in March on Super Tuesday.

Democrats targeted include two U.S. House members from Orange County: Mike Levin of San Juan Capistrano and Katie Porter of Irvine. And GOP challengers are believed to be close to announcing runs in other districts, too.

In February, Levin threw his support behind the Green New Deal, the plan by Democratic Rep. Alexandria Ocasio-Cortez of New York to tackle climate change.

“Climate change is the defining issue of our generation, and we must act now to address this crisis before it is too late,” Levin said in February after joining a group of House Democrats in introducing the Green New Deal resolution.

Levin, a former environmental attorney, declined an interview request for this story.

“Mike is very much about the government being the answer to every problem and every challenge,” said Republican Brian Maryott, mayor of San Juan Capistrano and a GOP candidate running to unseat Levin in California’s 49th Congressional District. “He has voted for the Green New Deal, which is preposterous. And he clearly supports and voted for a nationalized health care system — something I think would be a huge, huge mistake.”

Maryott said he’s raised almost $100,000 since announcing his candidacy March 5, adding, “we have a long way to go. Ultimately, it’s going to take $2.5 million to $3 million to be competitive with Mike next year.”

Among other things, the Green New Deal sets a target of “net-zero” greenhouse gases in 10 years.

“The Green New Deal certainly doesn’t reflect our community,” said Republican Don Sedgwick, a Laguna Hills city council member and small business owner who is running to unseat Porter in California’s 45th Congressional District. “I expect that Katie Porter will embrace the Green New Deal, because she’s a protege of Elizabeth Warren and very close with Alexandria Ocasio-Cortez and Kamala Harris — and all those folks are proponents of the plan.”

Porter’s campaign didn’t respond to a request for comment.

At a town hall held Feb. 19, though, Porter fielded a question about the Green New Deal resolution. She stopped short of a full endorsement but agreed that “climate change is an urgent issue and requires bold action.”

Prior to entering Congress, Porter was a law professor at University of California at Irvine.

Sedgwick, who describes himself as a “family-values” candidate, said he launched his bid for the 45th District a few weeks ago and is confident “we will be able to fund a strong campaign.”

Up in the state’s agriculture-laden Central Valley, meantime, a Republican who finished third in the 2018 primary has entered the 2020 race to challenge freshman Democratic Congressman Josh Harder in California’s 10th Congressional District.

“Here in our district, Josh Harder is very quickly earning the reputation of being the ‘AOC of the West Coast,’ ” said Ted Howze, a Republican challenging Harder in 2020. “That’s because he is the face of Medicare for All, socialized medicine, and the Green New Deal.”

Howze, a veterinarian who works in the dairy industry, describes the Green New Deal proposal as “an economic killer” and is critical of its message to agriculture about the industry being a climate polluter. According to the Republican, “California farmers are already on the cutting edge of environmental technology.”

For his part, Harder has focused more on health-care reform and not the climate issue. The former venture capitalist joined a group of colleagues last month in introducing legislation for Medicare for All. Harder wasn’t available for an interview.


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: jeff daniels, saul loeb, afp, getty images
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Crashed jets reportedly lacked key safety features because Boeing charged extra for them

The angle of attack indicator determines how much the plane’s nose is tilted, and the disagree light is activated if the jet’s sensors are giving contradictory signals. Boeing will now make the disagree light free of charge on all new 737 Max planes, after the deadly crashes caused all the Max planes to be grounded, according to the Times. The angle of attack indicator will remain an option that airlines can purchase, the report said. Neither safety feature was mandated by the Federal Aviation A


The angle of attack indicator determines how much the plane’s nose is tilted, and the disagree light is activated if the jet’s sensors are giving contradictory signals. Boeing will now make the disagree light free of charge on all new 737 Max planes, after the deadly crashes caused all the Max planes to be grounded, according to the Times. The angle of attack indicator will remain an option that airlines can purchase, the report said. Neither safety feature was mandated by the Federal Aviation A
Crashed jets reportedly lacked key safety features because Boeing charged extra for them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: emma newburger, stephen brashear, getty images
Keywords: news, cnbc, companies, planes, attack, extra, lacked, max, reportedly, jets, angle, boeing, airlines, key, pilots, times, 737, safety, crashed, features, charged


Crashed jets reportedly lacked key safety features because Boeing charged extra for them

Boeing shares plummet after a deadly crash of 737 jet — Here’s what three experts say shareholders should watch 2 Hours Ago | 01:46

Boeing jets in Ethiopia and Indonesia lacked two safety features in their cockpits because the company charged extra to install them.

The features could have helped pilots detect erroneous readings, which some experts believe might be connected to the planes’ failures, The New York Times reports.

Lion Air Flight 610 and Ethiopian Airlines Flight 302, which crashed within five months of each other, were brand new but were not equipped with an angle of attack indicator or an angle of attack disagree light, the paper said. The angle of attack indicator determines how much the plane’s nose is tilted, and the disagree light is activated if the jet’s sensors are giving contradictory signals.

Boeing will now make the disagree light free of charge on all new 737 Max planes, after the deadly crashes caused all the Max planes to be grounded, according to the Times. The angle of attack indicator will remain an option that airlines can purchase, the report said. The company is also planning a new software update.

Neither safety feature was mandated by the Federal Aviation Administration, but experts say it is key to flight safety.

“They’re critical, and cost almost nothing for the airlines to install,” Bjorn Fehrm, an analyst at aviation consultancy Leeham, told the Times. “Boeing charges for them because it can. But they’re vital for safety.”

Boeing did not immediately respond to CNBC’s request for comment. Ethiopian Airlines said in a statement Thursday that its pilots had been following FAA and Boeing guidance.

“Ethiopian Airlines pilots completed the Boeing recommended and FAA approved differences training from the B-737 NG aircraft to the B-737 MAX aircraft before the phase in of the B-737-8 MAX fleet to the Ethiopian operation and before they start flying the B-737-8 MAX,” the airline said in a statement.

“We urge all concerned to refrain from making such uninformed, incorrect, irresponsible and misleading statements during the period of the accident investigation. International regulations require all stakeholders to wait patiently for the result of the investigation,” it said.

It’s still unclear what caused the crashes. Investigators are looking into whether a new software system added to combat stalls in Boeing’s 737 Max series might have been a trigger, as well as faulty data from sensors on the Lion Air plane that might have caused a system malfunction.

Dennis A. Muilenburg, Boeing’s CEO, said the company was working on making the 737 Max safer.

“As part of our standard practice following any accident, we examine our aircraft design and operation, and when appropriate, institute product updates to further improve safety,” he said in a statement Sunday.

An email sent to Lion Air, outside regular business hours, was not immediately answered.

The full New York Times story can be found on its website.


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: emma newburger, stephen brashear, getty images
Keywords: news, cnbc, companies, planes, attack, extra, lacked, max, reportedly, jets, angle, boeing, airlines, key, pilots, times, 737, safety, crashed, features, charged


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IPOs are red hot, doubling the return of the market, as Levi Strauss kicks off wave of offerings

Renaissance Capital, which tracks the IPO market, counts 37 companies in registration targeting $10 billion of proceeds. “We are concerned about how the public markets will absorb all this issuance,” Kathleen Smith from Renaissance Capital told CNBC. Her point is that the market is very different than it was 20 years ago. These financial advisors often aren’t even stock pickers and don’t follow the IPO market. “The era when your broker called you up and said, ‘We’ve got a hot deal for you,’ is m


Renaissance Capital, which tracks the IPO market, counts 37 companies in registration targeting $10 billion of proceeds. “We are concerned about how the public markets will absorb all this issuance,” Kathleen Smith from Renaissance Capital told CNBC. Her point is that the market is very different than it was 20 years ago. These financial advisors often aren’t even stock pickers and don’t follow the IPO market. “The era when your broker called you up and said, ‘We’ve got a hot deal for you,’ is m
IPOs are red hot, doubling the return of the market, as Levi Strauss kicks off wave of offerings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: bob pisani
Keywords: news, cnbc, companies, ipo, proceeds, strauss, record, return, smith, ipos, offerings, market, financial, billion, red, wave, levi, hot, dont, kicks, renaissance, targeting


IPOs are red hot, doubling the return of the market, as Levi Strauss kicks off wave of offerings

Renaissance Capital, which tracks the IPO market, counts 37 companies in registration targeting $10 billion of proceeds. But that’s just the beginning: Renaissance has 234 companies targeting 2019 IPOs with valuations of nearly $700 billion, with a strong possibility that 2019 will be a record $100 billion year for IPO proceeds, passing the 2000 record of $96 billion.

It all sounds terrific, but there’s a simple problem: Who’s going to buy all this stuff?

“We are concerned about how the public markets will absorb all this issuance,” Kathleen Smith from Renaissance Capital told CNBC.

Her point is that the market is very different than it was 20 years ago. There are fewer individual investors. Many don’t even have brokerage accounts. They have financial advisors who do asset allocation using index investing and ETFs. These financial advisors often aren’t even stock pickers and don’t follow the IPO market. They are asset allocators.

“The era when your broker called you up and said, ‘We’ve got a hot deal for you,’ is mostly over,” Smith said.


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: bob pisani
Keywords: news, cnbc, companies, ipo, proceeds, strauss, record, return, smith, ipos, offerings, market, financial, billion, red, wave, levi, hot, dont, kicks, renaissance, targeting


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T-Mobile just announced how it will use wireless networks to take on the cable industry

T-Mobile said on Thursday that it will begin a trial delivering home broadband service using its wireless network, an example of how mobile carriers are planning their next push into the cable internet business. Bringing wireless service into the home means consumers won’t need to run cables all over the house or rely on a single Wi-Fi router to provide coverage to many rooms. AT&T and Verizon offer a cable-like service using their existing wired networks, but T-Mobile doesn’t. T-Mobile normally


T-Mobile said on Thursday that it will begin a trial delivering home broadband service using its wireless network, an example of how mobile carriers are planning their next push into the cable internet business. Bringing wireless service into the home means consumers won’t need to run cables all over the house or rely on a single Wi-Fi router to provide coverage to many rooms. AT&T and Verizon offer a cable-like service using their existing wired networks, but T-Mobile doesn’t. T-Mobile normally
T-Mobile just announced how it will use wireless networks to take on the cable industry Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: todd haselton, brendan mcdermid
Keywords: news, cnbc, companies, cable, network, data, announced, offer, speed, pilot, networks, wireless, tmobile, service, industry, internet, customers


T-Mobile just announced how it will use wireless networks to take on the cable industry

T-Mobile said on Thursday that it will begin a trial delivering home broadband service using its wireless network, an example of how mobile carriers are planning their next push into the cable internet business.

While T-Mobile will use its current 4G LTE network for the pilot, the service will eventually be run on the faster 5G network, which is in the pipeline for T-Mobile, AT&T and Verizon.

Bringing wireless service into the home means consumers won’t need to run cables all over the house or rely on a single Wi-Fi router to provide coverage to many rooms. By getting in the door now, T-Mobile can try to establish a base of customers and keep pace with AT&T and Verizon, which are already bringing 5G to the home in select markets.

AT&T and Verizon offer a cable-like service using their existing wired networks, but T-Mobile doesn’t. Since T-Mobile is still waiting for regulatory approval to merge with Sprint, it will use this home internet pilot to make the case that it needs Sprint in an effort to compete with its larger rivals.

“We’re walking the walk and laying the foundation for a world where we can take the fight to Big Cable on behalf of consumers and offer real choice, competition and savings to Americans nationwide,” CEO John Legere said on Thursday in a press release.

T-Mobile’s pilot will allow the company to test the logistics and technology of home wireless before rolling it out more widely. T-Mobile said the service will only be available in select areas and customers in those regions will receive invitations via email from the company sometime this week.

T-Mobile normally throttles data (reduces the speed) after its wireless customers consume a certain amount in a given month. But, for its home pilot, the company said it will offer around 50 megabits per second of LTE data without data caps for $50 per month. That’s not terribly fast — cable networks these days can offer up to a gigabit per second, or about 20 times the speed that T-Mobile is offering.

And those speeds won’t be fast enough if you have several TVs trying to stream Netflix in 4K HDR while someone plays video games in another room. But it’ll be fine for just surfing the internet at home and some degree of streaming.

T-Mobile says it will double its speed to more than 100 mbps by 2024 with its new 5G network.


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: todd haselton, brendan mcdermid
Keywords: news, cnbc, companies, cable, network, data, announced, offer, speed, pilot, networks, wireless, tmobile, service, industry, internet, customers


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