The Big Shorts

Boeing settles nearly all Lion Air 737 MAX crash claims - filing

Boeing Co has reached settlement agreements in more than 90% of the wrongful death claims filed in federal court after the 2018 crash of a Lion Air 737 MAX in Indonesia that killed all 189 people on board, a court filing on Tuesday said. The fatal crash, followed within five months by another 737 MAX jetliner in Ethiopia, led to the worldwide grounding of the best-selling model and a corporate crisis that has included hundreds of lawsuits alleging the jet was unsafe and separate probes by the Justice Department and U.S. lawmakers.

• 737 MAX Tests Are Set to Continue. They’re the Least of Boeing’s Problems.

  Barrons.com
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  Next Boeing 737 MAX Government Test Flight Scheduled for Coming Days

  The Wall Street Journal

Mobileye and WILLER Partner on Self-Driving Mobility Solutions for Japan, Southeast Asia

Mobileye and WILLER announce a strategic collaboration to launch an autonomous robotaxi service in Japan and markets across Southeast Asia.

NASA hits Boeing with 80 recommendations before next space test

NASA has drawn up a list of 80 recommendations that US aerospace giant Boeing will have to address before attempting to refly its Starliner space capsule, following the failure of an uncrewed test last year. The recommendations primarily concern the on-board software, which was the main problem with the flight test last December. The capsule could not be placed in the correct orbit, due to a clock error, and a had to return to Earth after two days instead of docking with the International Space Station as planned.

Boeing settles nearly all Lion Air 737 MAX crash claims: filing

Boeing Co has reached settlement agreements in more than 90% of the wrongful death claims filed in federal court after the 2018 crash of a Lion Air 737 MAX in Indonesia that killed all 189 people on board, a court filing on Tuesday said. The fatal crash, followed within five months by another 737 MAX jetliner in Ethiopia, led to the worldwide grounding of the best-selling model and a corporate crisis that has included hundreds of lawsuits alleging the jet was unsafe and separate probes by the Justice Department and U.S. lawmakers.

• 737 MAX Tests Are Set to Continue. They’re the Least of Boeing’s Problems.

  Barrons.com
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  Next Boeing 737 MAX Government Test Flight Scheduled for Coming Days

  The Wall Street Journal

Why Walmart Stock Jumped Today

What happened Shares of Walmart (NYSE: WMT) climbed 6.8% on Tuesday after news broke that the retail titan is gearing up to take on Prime from Amazon.com (NASDAQ: AMZN). So what Walmart will launch a new subscription service later in July, according to tech site Recode.

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  Walmart to soon launch Amazon Prime rival -report

  Reuters Videos
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  Amazon Drops As Walmart’s Prime Rival Gears Up for a July Start

  Investing.com

Walt Disney (DIS) Stock Moves -0.7%: What You Should Know

Walt Disney (DIS) closed at $113.63 in the latest trading session, marking a -0.7% move from the prior day.

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  How will Disneyland characters social distance once park reopens? Here’s what we know

  Miami Herald
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  Downtown Disney set to reopen in California with coronavirus modifications in place

  Nexstar / Tribune KTLA

AT&T (T) Stock Moves -0.56%: What You Should Know

In the latest trading session, AT&T (T) closed at $30.32, marking a -0.56% move from the previous day.

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  MasterCard (MA) Dips More Than Broader Markets: What You Should Know

  Zacks
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  Sea Limited Sponsored ADR (SE) Dips More Than Broader Markets: What You Should Know

  Zacks

Bulls Take a Powder, LEVI Gives a Taste of Q2 Earnings Season

Levi Strauss & Co. (LEVI) reported Q2 earnings directly after Tuesday's closing bell, giving some sense of the abyss awaiting the Retail sector.

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  Walmart to soon launch Amazon Prime rival -report

  Reuters Videos
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  Amazon Drops As Walmart’s Prime Rival Gears Up for a July Start

  Investing.com

S&P 500 Falls 34 Points: Airline Stocks Fall on Federal Aid Deal; Walmart Starting Prime Competitor but Amazon Stock Stays Above $3,000

Also, Paychex earnings disappoint, and Becton, Dickinson was granted authorization for a 15-minute COVID-19 test.

Disney says Walt Disney World reopening is on track for Saturday

In a statement on Tuesday, Disney's Chief Medical Officer, Dr. Pamela Hymel, said new requirements from temperature checks, to face coverings and extra sanitation would enable guests to enjoy Disney World "responsibly." "While COVID-19, and the risk of contracting it, is present in public places, there are many important ways that we can all help promote each other’s safety," Hymel said.

AT&T Expanding 25% Discount to More Customers

AT&T (NYSE: T) is giving new customers a break on certain wireless plans. The sprawling telecom announced on Monday that it has expanded a 25% discount program to include doctors, nurses, and teachers. According to AT&T, the discount could save customers as much as $50 per month on a four-line Unlimited Elite plan, as an example.

Walmart Launching Subscription Service for Less than $100 a Year

Retail giant Walmart (NYSE: WMT) is launching a subscription program later this month. The Walmart+ membership program will include fuel discounts, same-day shipping at no additional cost, and other perks, at an annual cost of $98. Walmart's subscription-plan ambitions were reported by Recode on Tuesday and confirmed by Bloomberg's anonymous insider sources.

Genius Brands Isn't as Smart as It Thinks It Is

A small media company takes a hard fall after an "exciting" development that isn't very exciting.

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  Genius Brands & Stan Lee’s Pow! Entertainment In Joint Venture For Post-Marvel IP

  Deadline
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  Genius Brands Announces Deal to Create Stan Lee Universe

  Motley Fool

Disney (DIS) Benefits From Hamilton's Launch on Disney+

Disney (DIS)-owned Disney+ sees huge increase in downloads following the launch of popular Broadway musical Hamilton.

2 Stocks Poised for Post-Pandemic Comebacks

Starbucks has increased its delivery options. Before anyone had ever heard of the coronavirus, Walt Disney (NYSE: DIS) and Starbucks (NASDAQ: SBUX) were flying high. Disney was the harder hit of the two: Movie theaters shut down, theme parks were closed, and the ad market dried up as companies stopped spending.

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  We're Open: Alioto's makes adjustment during pandemic

  TMJ4 Milwaukee
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  'The masks you throw away could kill a whale'

  BBC World News

ExxonMobil vs. Chevron: Which Supermajor is the Better Buy?

Investor sentiment for ExxonMobil (XOM) is likely to remain poor until the company comes out with promising results from the massive long-term capital expenditure program.

The Zacks Analyst Blog Highlights: Chevron, Devon Energy, Dine Brands Global, Ahold and Conagra Brands

The Zacks Analyst Blog Highlights: Chevron, Devon Energy, Dine Brands Global, Ahold and Conagra Brands

The Zacks Analyst Blog Highlights: Nvidia, Intel, Dollar General, Pernod Ricard and Fastenal

The Zacks Analyst Blog Highlights: Nvidia, Intel, Dollar General, Pernod Ricard and Fastenal

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  The Zacks Analyst Blog Highlights: Meritage Homes, D.R. Horton, NVR, TRI Pointe Group and Universal Forest Products

  Zacks
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  The Zacks Analyst Blog Highlights: Thor Industries, PBF Logistics and Calix

  Zacks

Oil & Gas Stock Roundup: Shell & Exxon's Q2 Updates, BP's Divestment & More

Royal Dutch Shell (RDS.A) and ExxonMobil (XOM) issued updates on their upcoming Q2 earnings, while BP plc (BP) agreed to sell its global petrochemicals business for $5 billion.

Amazon Drops As Walmart’s Prime Rival Gears Up for a July Start

By Christiana SciaudoneInvesting.com -- Amazon.com Inc. (NASDAQ:AMZN)shares dropped Tuesday as the e-commerce giant braces for Walmart’s rival Prime service to start operations this month.Walmart (NYSE:WMT) is up 4% to $123.65, trading close to the record $132.33 that it hit in April. Amazon closed at a record $3,057.04 Monday, up from $1,898 at the start of the year. Amazon was down 0.3% in midday trading on Tuesday.Walmart+ will cost $98 a year and include same-day grocery delivery, fuel discounts and other benefits, Vox reported, citing Recode. Amazon Prime, created in 2005, charges an annual fee of $119.The membership program was to have begun earlier this year but was delayed because of the coronavirus pandemic. Amazon is the biggest e-commerce retailer with a 38.7% share of the U.S. market, compared to Walmart, in second place with 5.3%, according to eMarketer. The Statista website reports that Amazon Prime has 112 million members in the U.S. Prime includes entertainment like video and music streaming, and Walmart plans to add video capacity at some point to its membership program. On July 1, Walmart announced a virtual summer camp and drive-in movie theaters in its parking lots.

Disney+ Is the New HBO

Verizon (NYSE: VZ) recently announced a new promotion offering its higher-tier FiOS internet customers up to 12 months of Disney's (NYSE: DIS) Hulu for free. AT&T (NYSE: T) even explicitly told investors part of its go-to-market strategy for HBO Max is partnering with internet providers to bundle the streaming service with home internet. Comcast (NASDAQ: CMCSA) is trying to partner with other pay-TV providers to distribute Peacock, but Comcast's own internet-only subscribers also get free access.

Accenture and AT&T Bring Mobile Connectivity to Phillips 66 With Private Cellular Network

Accenture and AT&T are working with Phillips 66 to develop industrial cellular wireless connectivity.