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Consumer stocks now believe Fed is serious

  The Federal Reserve is fighting the worst US inflation in 40 years, and its assault on rising consumer prices is probably going to get messy. You can’t just rein in 1970s-style consumer price increases without slamming the brakes on the entire economy. Until now, the stock market has mostly ignored this risk, but subtle signs are emerging that the ...

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India’s Jet Air coming back with no frills, hybrid model

  Bloomberg Jet Airways India Ltd, which is undergoing a court-monitored restructuring, plans to return with a hybrid of premium and no-frills services that would allow the former top local airline to claw back market share while managing costs in the fiercely competitive Indian aviation market. The bankrupt airline, now helmed by a new set of owners, will have a ...

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Boeing Max 10 faces delay from lawmaker’s stance

  Bloomberg A key lawmaker said that he opposes giving Boeing Co more time to certify its Max 10, signalling potential and costly delays for the planemaker’s next model of the 737. Representative Peter DeFazio, the Oregon Democrat who leads the House Transportation and Infrastructure Committee, said in an opening statement at a hearing that he would oppose Congress extending ...

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