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Tech companies have ‘nimble’ margins amid inflation, strategist says

ERShares COO Eva Ados joins Yahoo Finance Live to discuss tech and financial stock outlooks for 2022, pressures from Russian gas and wheat steering European economies towards a recession, inflation, and raised interest rates affecting wage growth. Read More...

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‘This is not a 737 MAX:’ analyst on China Boeing crash

STORY: “This is not a 737 MAX, which is the latest generation of the 737,” said Robert Spingarn, Managing Director of analytics and investment firm Melius Research. “But the model has over 20 years of experience and has a relatively positive, strong track record. So, this is not a MAX. And frankly, the system that was at the core of the MAX situation is not on this aircraft.”The airline said it deeply mourned the passengers and crew, without specifying how many people had been killed.The plane was en route from the southwestern city of Kunming, capital of Yunnan province, to Guangzhou, capital of Guangdong, bordering Hong Kong, when it crashed.China Eastern said the cause of the crash, in which the plane descended at 31,000 feet a minute according to flight tracking website FlightRadar24, was under investigation.The airline said it had provided a hotline for relatives of those on board and sent a working group to the site. There were no foreigners on the flight, Chinese state television reported, citing China Eastern.Crashes during the cruise phase of flights are relatively rare even though this phase accounts for the majority of flight time. Boeing said last year only 13% of fatal commercial accidents globally between 2011 and 2020 occurred during the cruise phase, whereas 28% occurred on final approach and 26% on landing.

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