Oil Prices Surge Near $120 as U.S.-Iran Tensions Threaten Global Supply 
Iran-U.S. Conflict Escalation Threatens Global Oil Supply and Economic Stability 
Dollar Holds Near Two-Week High as Fed Hawkish Shift Lifts Yields, Yen Near Intervention Zone 
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition 
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours 
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales 
US Stock Futures Rise as S&P 500 and Nasdaq Hit Record Highs Amid Earnings Optimism and Iran Tensions 
Gold Prices Slip Amid Iran Tensions and Rising Rate Concerns 
Asian Stock Markets Rise Amid Wall Street Rally and U.S.-Iran Tensions 
US-Iran Conflict Escalates Amid Oil Blockade and Rising Global Tensions 
Oil Prices Ease but Remain Set for Strong April Gains Amid Middle East Tensions 
Asian Stocks Slip as Oil Prices Surge and Fed Signals Inflation Risks 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement 
Boeing revealed on Thursday, May 13, that it will be resuming the deliveries of its 737 Max jets and will probably start this week. The announcement came after receiving approval from the U.S. Federal Aviation Administration regarding the fix for an electrical issue in the said plane model.
As per CNBC, airlines in the U.S. are starting the needed repairs on their grounded Boeing 737 Max units. The work on fixing the jets was only carried out now since the FAA still needs to review and approve the remedy to be done.
The grounding of 737 Max jets
More than 100 Boeing planes were grounded last month after an electrical issue was discovered. The grounding comes not long after airlines around the world began lifting the ban on the jets that were pulled out from service for almost two years, since March 2019.
A series of deadly crashes led to the ban and when the investigation and repairs were done, Boeing’s 737 Max units were able to fly again. However, as airlines deploy these planes again this year, they were grounded again last month. It was said that this new defect is not related to the earlier problems.
In any case, the recent grounding of the planes also led to another problem for Boeing as it had to stop the deliveries of the jets. The company must fix the electrical issue first before it could deliver the planes to its buyers.
Now that the aviation agency gave a go signal for the repair, Boeing is set to deliver the planes soon. As of today, it was also reported that at least 17 Max planes are expected to return to service in the coming days following a thorough inspection and repair process. American Airlines, Southwest Airlines and Delta have started repairs as well but said it will take them weeks to complete all the compliance work for all of their Boeing 737 Max plane units.
FAA ok’d repair for Max
Boeing scored a win after getting the FAA to approve a fix of an electrical problem on 100 737 Max that was recently discovered. As per Reuters, the agency accepted Boeing’s service bulletins and instructions for the repairs and airlines were immediately notified.
"After gaining final approvals from the FAA, we have issued service bulletins for the affected fleet," the planemaker told the news outlet. "We are also completing the work as we prepare to resume deliveries.
