Japan Regional Bank Stocks Drop After Zentoshin Bankruptcy Sparks Credit Risk Concerns 
Levi Strauss Raises 2026 Outlook After Q2 Earnings Beat, Shares Drop Despite Strong Results 
SpaceX Stock Draws Bullish Wall Street Coverage Ahead of Nasdaq-100 Inclusion 
Gold Price Rebounds as U.S.-Iran Tensions and Fed Minutes Keep Markets on Edge 
Cuba Power Outage Sparks Havana Protests as Fuel Crisis Deepens 
Oppenheimer Sees CNH Industrial as Top 2026 Agriculture Stock Pick on Dealer Consolidation Strategy 
Venezuela Earthquake Death Toll Climbs to 3,811 as Government Seeks Sanctions Relief 
Asian Currencies Slip as Stronger US Dollar, Iran Tensions Pressure Regional FX 
Fast Retailing Raises Full-Year Forecast After Uniqlo Owner Beats Q3 Profit Estimates 
Nvidia Invests $500M in Firmus Technologies Ahead of Planned ASX IPO 
China 618 Smartphone Sales Drop 13% as Higher Prices Hurt Demand, Huawei Gains Market Share 
OpenAI GPT-5.6 Set for Wider Release After U.S. Commerce Approval, Report Says 
Bernstein Raises 2026 Nickel Price Forecast as Indonesia Tightens Supply 
Bain Capital Exits Kioxia After AI-Fueled Valuation Surge 
Dollar Slips After Fed Minutes as Iran Tensions, Inflation Risks Keep Markets Cautious 
Apple Tests China's CXMT Memory Chips as DRAM Maker Gains Global Market Share 
Oil and LNG Tankers Turn Back as Strait of Hormuz Security Risks Escalate 
Boeing had to stop the ongoing deliveries of its 737 Max plane units due to electrical issues. The aircraft maker said on Wednesday, April 28, that it made the decision as the discovered defect already grounded over 100 planes this month.
Boeing is fixing the reported issues
The electrical problem on Boeing Max 737’s is the latest issue that created a big impact on the company’s shares as it has reportedly slid down. But then, Boeing is already fixing the defect and said to be in the final stage.
Still, the deliveries of the Max 737 may not resume any time soon as it was reported that mending the electrical issues is taking longer than anticipated. The company said that originally, it is expecting to finish all the repairs before the summer as this is also the peak season for travel bookings.
Boeing’s chief Dave Calhoun told CNBC that he expects to finalize the repair instructions in relatively short order but did not say an exact date or time frame. The Federal Aviation Administration will be approving the repairs, and it stated that it is closely working with Boeing to address the glitches.
As per Reuters, the planemaker already delivered at least 85 737 Max planes which lightened its backlog of 400 units since the plane model was cleared and the ban was lifted in many parts of the world. The grounding was related to two previous fatal crashes.
Boeing’s shares plummet after the deliveries were stopped
After Boeing’s announcement of pausing the deliveries of 737 Max jets, The New York Post reported that the firm’s shares went down by almost three percent. This is the latest fall and Boeing’s sixth straight quarterly loss.
Meanwhile, the company is also facing issues with its Air Force One deliveries as it recently got into a conflict with its subcontractor GDC Technics. Boeing alleged that the aviation engineering company has failed to deliver the requested completion of works on time, and so it has incurred damages for this.
Boeing terminated their contract and sued GDC, but it fought back with a countersuit. Still, the firm said that it will still try to finish the works on the Air Force One on time. Two units of these customized planes have a delivery date of December 2024.
