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By Gabriel Araujo GAVIAO PEIXOTO, Brazil (Reuters) – Electric aircraft maker Eve has showcased for the first time the full-scale prototype of its “flying taxi,” achieving a milestone as the company aims to obtain certification and enter service in 2026. Eve, controlled by Embraer, rolled out its electric vertical take-off and landing (eVTOL) aircraft prototype …

Embraer’s Eve rolls out flying taxi prototype, cash needs covered until 2027 Read More »

WASHINGTON (Reuters) – U.S. House of Representatives Homeland Security Committee has called on CrowdStrike CEO George Kurtz to testify about a recent massive global outage, the Washington Post reported on Monday, citing a letter by the congressional panel. CrowdStrike’s glitchy update to its security software crashed computers powered by Microsoft’s Windows operating system, disrupting internet …

US House panel calls on CrowdStrike CEO to testify on outage, Washington Post reports Read More »

WASHINGTON (Reuters) -U.S. Vice President Kamala Harris is potentially poised to become the Democratic presidential nominee in the November election. Here are her views and actions related to some key business topics. BIG TECH As a candidate for California attorney general, Harris reportedly assured potential donors that she was “a capitalist.” She has generally been …

Explainer-What are Harris’ business views? Friendly to Big Tech, aggressive in climate fight Read More »

(Reuters) -Shares of CrowdStrike plunged 13% on Monday, extending their loss-making streak, after Wall Street analysts downgraded the stock on concerns over the financial fallout from a global cyber outage last week. CrowdStrike’s glitchy update to its security software crashed computers powered by Microsoft’s Windows operating system, disrupting internet services across the globe and affecting …

CrowdStrike shares tumble 13% on IT outage impact Read More »

NEW YORK (Reuters) -U.S. President Joe Biden ended his reelection campaign on Sunday after fellow Democrats lost faith in his mental acuity and ability to beat Donald Trump, leaving the presidential race in uncharted territory. Here are comments from investors: DAVID WAGNER, PORTFOLIO MANAGER AT APTUS CAPITAL ADVISORS LLC, FAIRHOPE, ALABAMA: “We may see a …

Investors react to Biden pulling out of presidential race Read More »

(Reuters) – A top U.S. bank regulator’s confidential assessments found 11 of the 22 large banks it supervises have “insufficient” or “weak” management of a broad swath of risks ranging from cyberattacks to employee blunders, Bloomberg News reported on Sunday. About one-third of the banks secured ratings of 3 or below on a 5-point scale …

US regulator privately finds weak risk-management at half of large banks, Bloomberg reports Read More »

By David Shepardson LONDON (Reuters) – Boeing’s commercial airplane chief said the planemaker has settled on the design to address an engine anti-ice system that has significantly delayed certification of the 737 MAX 7 and suggested a fix could be completed by next year. The issue with the anti-ice system could lead to it overheating …

Boeing exec says planemaker has settled on design for MAX 7 icing issue Read More »

By David Shepardson LONDON (Reuters) – The head of Boeing’s defense unit said Sunday the planemaker is still “fighting through challenges” in building two delayed U.S. presidential aircraft known as Air Force One. In 2018, Boeing received a $3.9 billion contract to build two 747-8 aircraft for use as Air Force One, to be delivered …

Boeing ‘fighting through challenges’ in building new Air Force One planes Read More »