The Treasury secretary departs for China today. A key objective is to glean information about how Beijing expects to reach its 2024 economic growth goal.
Even so, Fed officials are looking for more evidence that inflation is sustainably on a downward trend, and in the meantime, they're not rushing to cut interest rates.
As retailers and restaurants finally get relief from rising prices for goods, services, and labor, they are enjoying an increase in gross margins rather than passing the savings on to customers.
As safety concerns limit the company's ability to boost production, CFO Brian West predicts a massive cash drain this quarter—an outflow of at least $4 billion.
"Boeing's cut to its free cash flow guidance is an overdue recognition of the situation it is in, but we still worry that it is being overly optimistic."