News

Bernstein: Raised price target on United Airlines (UAL.O) to $162 from $153.

Philippine Airlines plans to purchase up to 20 Boeing (BA.N) 787-10 aircraft.

Philippine Airlines signed a memorandum of understanding with Boeing (BA.N) for 15 787-10 Dreamliners.

British Prime Minister Keir Starmer formally resigned during a meeting with King Charles.

British Prime Minister Starmer delivered his exit speech in Downing Street. He said: "My work is done. In six and a half years, I led our party from the historic defeat in 2019 to transform it into a party that can face the country and win the election in 2024." I won a landslide victory and it has been the privilege of my life to serve you and this great country as Prime Minister. I believe Britain is stronger and fairer now than it was two years ago. But what I will always remember is the most humbling aspect of this job. It's about having a front-row seat to witnessing the greatest things about this country in action. Countless acts of resilience are seen every day—tenacity, perseverance, integrity and compassion from those who serve our country. "We must remember the greatness of Britain," Starmer concluded. As we debate how to solve problems, there is something about our inheritance as a nation and as a nation that gives us confidence that we can change our country for the better. We can create a Britain where every child can go far with their talent, if we don't succumb to division. It can unite different people under a common banner. So as I now pass the baton to Andy Burnham, I wish him all the best. He has my full support...I thank the British people for the opportunity to serve. I leave with dignity, I leave with a smile, and I'm proud of everything we've accomplished. "

British Prime Minister Starmer went to Buckingham Palace to formally resign as Prime Minister of the United Kingdom.

British Prime Minister Starmer: I fully support Burnham and wish him all the best.

British Prime Minister Starmer: I will meet with the King of the United Kingdom and submit my resignation.

Citigroup cut IBM (IBM.N) PT to $255 from $375.

Citigroup: Lowered its target price on IBM (IBM.N) to $255 from $375.

Citi: Raised its price target on JPMorgan Chase (JPM.N) to $360 from $325.

Citigroup: Among the winners of artificial intelligence stocks, the label of the "Seven Technology Giants" in U.S. stocks is outdated.

Iran's Judicial Director: Those sent to the front lines, battlefields and streets emphasize the need to continue the jihad against aggressive and perfidious enemies and have raised the banner of revenge. There is no disagreement among state officials that America's enemies have no credibility; we will never yield to them in any way and will fight to the end.

The EU said it had filed charges against a number of companies and trade associations in France, Germany and Spain.

The EU's antitrust regulator has accused several construction chemical companies and industry associations of engaging in cartel activities between 2021 and 2022.

According to Russian media reports, Russian Ambassador to North Macedonia Zykov said that North Macedonia has openly joined the anti-Russian "coalition of the willing".

Boeing (BA.N): Sumitomo Mitsui Banking Corporation Aviation Capital’s order includes 60 737-10 aircraft and 40 737-8 aircraft.

Sumitomo Mitsui Banking Corporation Aviation Capital has placed an order for 100 Boeing (BA.N) 737 MAX aircraft.

Russian Ministry of Defense: Russian air defense systems shot down 8 guided air bombs, 4 U.S.-made "Haimas" artillery shells and 917 fixed-wing drones. Two unmanned boats of the Ukrainian Armed Forces were destroyed in the Black Sea.

Russian Ministry of Defense: Other targets include a logistics center, fuel and energy and transportation infrastructure used by the Ukrainian armed forces, unmanned boat assembly and storage workshops, and 142 areas of temporary deployment points for Ukrainian military personnel and foreign mercenaries.