A Kyiv-bound Ukraine International Airlines Boeing 737 plane crashed minutes after takeoff from Tehran, Iran, on Wednesday, killing all 176 people on board. The Boeing 737-800, which was carrying 167 passengers and nine crew members, was an older model of the Boeing 737 — not a 737 Max, which has been grounded worldwide since mid-March after two fatal crashes. The airline uses the airport “to conduct training on Boeing 737 aircraft aimed at evaluating pilots’ proficiency and ability to act in em

Bed Bath & Beyond withdrew its fiscal 2019 outlook on Wednesday, saying that it would reveal its strategic plans in early 2020. Now, the company only plans to close 40 total stores, including about 20 Bed Bath & Beyond locations, and open about 10 stores in fiscal 2019. With a new CEO at the helm, there has been plenty of shake-up at Bed Bath & Beyond in recent weeks. Bed Bath & Beyond, which also owns Buy Buy Baby and Christmas Tree Shops, has roughly 1,500 locations in total. Bed Bath & Beyond

Mizuho upgraded the hydrocarbon and petrochemical company and said the “worst” is behind it and expects “sustainable” dividend growth in 2022. “OXY was the worst performing stock in our E&P coverage in 2019, following the APC acquisition and associated financial burden taken on; it is the least recommended oil stock in our coverage – quite a notoriety. We believe the worst is behind the company, and we see increasing line of sight for sustainable dividend growth in 2022 and beyond. With the stoc

A jump in oil prices creates a short-term buying opportunity in energy stocks, Morgan Stanley said as it advised clients to trade the rally before it fades. “Oil equities have potential to stage a temporary albeit tradeable rally,” Martijn Rats, the bank’s equity and commodity analyst said in a note on Tuesday. Against this backdrop, oil equities only need a small catalyst to stage a rally.” The jump in oil prices could give energy stocks a long-needed lift after a decade of underperformance, th

Oil prices would skyrocket if Iran moved to completely cut off the Strait of Hormuz, energy analysts told CNBC on Wednesday. Speaking to CNBC’s “Capital Connection” on Wednesday, James Eginton, investment analyst at Tribeca Investment Partners, said a move by Iran to completely shut off crude supplies in the Strait of Hormuz would send oil prices “through the roof.” Situated between Iran and Oman, the Strait of Hormuz is a narrow but strategically important waterway that links crude producers in

Fast food giant McDonald’s is the key to unlocking major returns for alternative meat company Beyond Meat, according to A.B. The firm said if a broader Beyond Meat partnership with McDonald’s materializes, the stock could reach between $105 per share and $130 per share, as much as a 35% rally in the stock. Shares of the planet based meat company rose as much as 6% but closed down 2.9% at $81.48 on Wednesday. McDonald’s is currently testing Beyond Meat’s plant-based burger in Canada and “initial

Cowen on Wednesday lowered its rating of Boeing stock to market perform from outperform, citing the extended 737 Max crisis for piling on the company’s costs and delaying production. The note did not mention the crash of a Boeing 737-800 in Iran that killed all 176 people on board. Cowen’s downgrade comes a few weeks after Boeing replaced CEO Dennis Muilenburg with David Calhoun, a person who Cowen said is “a good choice for CEO.” However, the firm said it believes Boeing’s “turnaround will take

“The patterns and moves in the stock market have been indicative of that, and that’s what most traders believe,” Frederick added. News of Iran’s attack on Tuesday sent U.S. stock futures tumbling. However, it was later revealed that Iran’s airstrike did not hit any major oil infrastructure. This led to a massive turnaround in U.S. stock futures, which erased most of their losses by Wednesday morning. Wall Street carried that momentum through the stock market open.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 27, 2018. The S&P 500 rose nearly 0.5% on Wednesday, notching a new intraday record high and bringing the gains of the first five days to about 0.7%. On Jan.3, the S&P 500 suffered its worst day in a month, sliding 0.7%, after a U.S. strike killed a powerful Iranian general, which sent oil prices surging. Monday saw the S&P 500 up 0.4%. The S&P 500 pulled back 0.3% on Tuesday as investors sought out more

Jim Cramer: Wall Street showed resilience, complacency in the wake of Iran attacks”With the averages staging a huge rally from last night’s moment of crisis … I marvel at this market’s ability to overcome even the toughest of obstacles,” CNBC’s Jim Cramer said.

Check out these these super-realistic Samsung ‘artificial humans’ at CES 2020Neon, the super-realistic digitally simulated avatar, has taken CES by storm. Built upon the Core R3 neural framework, the Neon avatars can provide incredibly lifelike renderings of people to be used as digital assistants, translators, flight attendants and more.

Bed Bath and Beyond shares tumbled more than 8% after the retailer released third-quarter results that missed analyst expectations and withdrew their guidance for the full year. Retail company Chico’s FAS saw its stock rise more than 22% in extended trading after issuing new guidance for its fiscal fourth quarter. Shares of Tufin Software Technologies fell more than 34% after the company released preliminary results for its fourth quarter that were below guidance. The company said it will report

The “Mad Money” host said he sees a tough future ahead for the oil market. Later in the show, he interviewed Constellation Brands CEO Bill Newlands to get a read on what’s ahead for the seltzer market. What Wall Street’s reaction to Iran ballistic missile strike meansThe Charging Bull near Wall Street is pictured in New York. I marvel at this market’s ability to overcome even the toughest of obstacles,” the “Mad Money” host said after the market closed. Big spending on Corona seltzer launchConst

Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016. Bed Bath & Beyond said Wednesday that it would delay closing 20 of its namesake stores. The company originally planned to close 60 locations, including 40 Bed Bath & Beyond stores, in fiscal 2019. Twenty of those Bed Bath & Beyond closures will be delayed until after the first half of fiscal 2020 in order to sell more of their merchandise. Bed Bath & Beyond, which also owns

Michael Bloomberg, billionaire businessman and former New York City mayor, launched a campaign for president on Nov. 24. Since then, Bloomberg, who is estimated to be worth over $57 billion, has spent record-breaking amounts of his personal funds on TV ads. On Jan. 8, Bloomberg released information about his “All-In Economy” agenda. It centers around the philosophy that beating the president on economic issues will pave a path to the White House for Bloomberg. Trump is “counting on the economy t

Prince Harry and Meghan Markle, the Duke and Duchess of Sussex, announced Wednesday they “intend to step back as ‘senior’ members of the Royal Family and work to become financially independent.” The statement added that the royal family understands the couple’s “desire to take a different approach, but these are complicated issues that will take time to work through.” Harry and Meghan recently spoke about the hardships, pressures and family rifts they’ve faced since marrying in May 2018, accordi

Stocks rose on Wednesday after President Donald Trump’s comments on the Iran conflict eased worries of further escalation in U.S.-Iranian tensions. The Nasdaq Composite advanced 0.7% to 9,129.24 and notched intraday and closing records. The S&P 500 and Nasdaq gained as much as 0.9% and 1.1%, respectively. Trump said Iran appeared to be “standing down” after that nation attacked the Ain al-Asad airbase overnight. Oil futures fell from their highest levels of overnight trading, lowering concerns o

Hours before the Iranian missile attacks, Esper said the U.S. was not seeking war with Iran. Tensions between Tehran and Washington mounted following Trump’s withdrawal from the landmark Iran nuclear deal brokered by the Obama administration. On Sunday, Iran announced it would not abide by any limits established in the nuclear deal on the number of uranium enrichment centrifuges. Last May, Iran stopped complying with some commitments in the nuclear deal after Trump in 2018 unilaterally withdrew

U.S. stocks were sharply higher Wednesday and oil prices plunged, even though Iran attacked U.S. military bases in Iraq overnight. Stocks initially plummeted globally and oil shot higher right after Iran’s missile strikes, shortly after the U.S. market close Tuesday. “I think the markets are more rational about this particular subject than a lot of subjects. Brent crude futures reached $71.75 after the Iran attack, but were at $65.79 per barrel, down 3.79% Wednesday. As long as the oil supply do

Ghosn adamantly denied all charges against him and defended his decision to become an international fugitive by fleeing Japan as a necessity to receive a fair trial and “escape injustice.” ‘It’s about confession'”I want to be able to speak, I want to be able to defend myself,” Ghosn told CNBC’s Michelle Caruso-Cabrera following a more than two-hour press conference in Lebanon. Regarding his escape from Japan, Ghosn declined to provide specifics, saying he did not want to get anyone who helped hi