What we’re reading (1/8)
“Tech Giants Drive Stock Rebound” (Wall Street Journal). “U.S. stocks posted solid gains Monday, easing investor anxieties after the market’s rough start to 2024 last week. Both the S&P 500 and the Nasdaq Composite logged their best days since November, climbing 1.4% and 2.2%, respectively.”
“United Airlines Finds Lloose Bolts On Several Boeing 737 Max 9s After Grounding” (CNBC). “No one was seriously injured in the accident aboard the Alaska Airlines flight, though the blown-out panel produced a force so violent that some headrests and seatbacks were ripped from the cabin and the cockpit door was flung open, according to initial details of a federal safety investigation. No passengers were seated in the two seats next to the panel.”
“Investors Bail On Boeing Following Max 9 Grounding” (DealBook). “Air safety officials have ordered the grounding of the Max 9, one of Boeing’s best-selling models, and airlines around the world have canceled hundreds of flights as they await instructions from regulators in the U.S. and elsewhere.”
“The Mystery Of The Coin That Shouldn’t Exist” (New York Times). “A decade ago, a funny money mystery fell into the hands of scientists and students at the Pontifical Catholic University of Peru in Lima. The university had been acquiring 19th- and 20th-century Peruvian coins from local dealers, and graduate students in the chemistry department were analyzing the pieces for their thesis work. But one coin, a 10-cent piece known as a dinero, stood out. The dinero was marked “1899.” The problem was that official records indicated no coins of that denomination were minted in Peru that year — according to the people who made the money, the coin never existed.”
“Tiger Woods Splits With Nike” (Business Insider). “Tiger Woods and Nike are ending their nearly three-decade partnership. The legendary golfer announced Monday that he and the sportswear brand were going their separate ways as Woods prepared for ‘another chapter.’”
