The Industrial sector has been the leader for U.S. stocks during a turbulent year on Wall Street. But its strength will be put to the test as earnings season gets underway. S&P 500 Industrials, which includes aerospace companies, electrical and machinery manufacturers, transportation companies and building products firms, has gained 15% in 2025. This is the best performance year-to date of all 11 S&P 500 sectors, and it's more than twice the index's overall gain. The industrials sector will continue to be in the spotlight with a week full of earnings reports, including those from over one-fifth (50%) of the...

An official revealed on Friday that Indonesia was still in the process of negotiating details of the recent trade agreement it reached with the United States, after the latter reduced tariff rates for the Southeast Asian nation. It is also seeking exemptions on its palm oil and nickel exports. Two countries have reached a deal on trade that has led to the reduction of proposed tariffs from 32% to 19%. This was the only deal that the Trump administration had reached before the deadline of August 1. Susiwijono Megiarso is a senior official in the economic ministry of Indonesia. She...

The White House announced on Thursday that President Donald Trump has nominated former Delta Air Lines captain Jeffrey Anderson as the U.S. Ambassador to the International Civil Aviation Organization. This move was opposed by the largest airline pilots union. This nomination comes at a time when some U.S. Senators are calling on the Trump Administration to lobby the Montreal-based U.N. Civil Aviation body to raise the mandatory retirement age of airline pilots to 67. Since July 2022, when C.B. The pilot "Sully Sullenberger" who successfully landed an Airbus A320 in New York's Hudson River after hitting a flock geese in...

Sources briefed by U.S. officials on their early assessment of the evidence said that a cockpit recording of the dialogue between the two Air India pilots that led to the crash last month confirms that the captain stopped the fuel flow to the plane's engine. Here are some facts about the engine fuel switches. They describe their function in the aircraft, and how they moved on an Air India flight. What are fuel switches? These switches regulate the fuel flow to a plane's engine. Pilots use them to shut down engines or start engines manually on the ground. Experts in...

Sources briefed by U.S. officials on their early assessment of the evidence said that a cockpit recording of the dialogue between the two Air India pilots that led to the crash last month confirms that the captain stopped the fuel flow to the plane's engine. The sequence of events on June 12 is detailed in the preliminary investigation report by Indian investigators, released on July 12. Air India Dreamliner VTANB landed at Ahmedabad as AI423 at 05:47 GMT. 07:48 GMT - An aircraft was observed leaving Bay 34 of the airport. 07:55 GMT - Air traffic control granted the taxi...

Sources briefed by U.S. officials on their early assessment of the evidence said that a cockpit recording of dialogue between two pilots of an Air India flight which crashed last month confirms that the captain stopped the fuel flow to the plane's engine. Here is a short profile of both pilots, based on media reports and the preliminary investigation report: CAPTAIN SUMEET SABHARWAL The 56-year old pilot had a valid airline transport pilot's license until May 14, 2026. He was cleared to fly in the role of pilot-in command on several aircraft, including the Boeing 787, 777 and Airbus A310....

Sources briefed by U.S. officials on their early assessment of the evidence said that a cockpit recording of dialogue between two pilots of an Air India flight which crashed last month confirms that the captain stopped the fuel flow to the plane's engine. The timeline below shows the key events of the investigation so far: JUNE 12 Air India Boeing 787 Dreamliner headed for London crashed shortly after takeoff in Ahmedabad, killing all 242 passengers on board except one. JUNE 13 India's Aircraft Accident Investigation Bureau launches an investigation in the deadliest aircraft crash of the past decade. The team...

Investors praised strong economic data, and earnings reports showed that American consumers were willing to spend. Six of the last seven Nasdaq sessions ended with a record-high, while the S&P 500 had six top finishes since June 27, Preliminary data shows that the S&P 500 rose 35.32 points or 0.56% to 6,299.02, and the Nasdaq Composite rose 157.25 or 0.76% to 20,887.74. The Dow Jones Industrial Average increased by 247.64, or 0.56% to 44,502.42. Wall Street is on a good run after it fell in early April following President Donald Trump’s announcements about Liberation Day tariffs. The week of April...

According to data seen by Congress, the Trump administration is offering financial incentives to leave the government to more than 25 percent of the U.S. Auto Safety Agency's employees. Under the program, the National Highway Traffic Safety Administration (part of the Transportation Department) is down from 772 to 555 employees by May 31. Federal Highway Administration (FHA) and Federal Transit Administration (FTA) are both losing over 25% of their employees. Rick Larsen expressed concern about the cuts. He questioned how USDOT could "accelerate project delivery and improve safety" with a "decimated workforce." USDOT loses just under 4,100 employees, dropping from...

United Airlines shares rose by 4% after the U.S. airline projected an improved demand since July's start, a positive tone following the fallout from President Donald Trump’s budget cuts and tensions in trade. In early Thursday trading, shares of Delta Air and American Airlines gained 3% each. The Chicago-based airline projected Wednesday that overall travel demand would rise by six percentage points in third quarter. Business travel bookings also saw a double-digit increase. In a Wednesday statement, United CEO Scott Kirby stated that the world was less uncertain than it had been during the first half of 2025. This gives...

The Indian aircraft accident investigation body stated on Thursday that it is too early to draw any "definite conclusions” about what caused the deadly Air India Boeing crash last month, which killed 260 people. GVG Yugandhar, the chief of the Aircraft Accident Investigation Bureau's (AAIB), said that "we urge the public as well as the media not to spread premature narratives which risk undermining integrity in the investigative process." The investigation was still ongoing. The Wall Street Journal reported earlier on Thursday that, citing sources familiar with U.S. authorities' initial assessment of evidence and citing a cockpit recording, it was...

The head of a parliamentary committee in Israel told the Finance Ministry Thursday that if the Finance Ministry did not come up with an adequate compensation plan for Israelis who were stranded overseas during the war with Iran last month, the panel will impose it. Israel's airspace, which was mostly closed because of daily rocket attacks from Iran, prevented tens of thousands of Israelis from returning to their country during the 12-day conflict. Flights to Tel Aviv were halted by both Israeli and foreign carriers. Many travellers were forced to pay heavy fees despite receiving a refund for their cancelled...