March 4, 2024

Markets Now March 4, 2024

Premarket stocks: Why it’s not all doom and gloom for commercial real estate

After decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall.  
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Red Sea cables have been damaged, disrupting internet traffic

Damage to submarine cables in the Red Sea is disrupting telecommunications networks and forcing providers to reroute as much as a quarter of traffic between Asia, Europe and the Middle East, including internet traffic.  
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JetBlue pulls out of deal to buy Spirit

JetBlue Airways announced Monday it is pulling out of its deal to purchase Spirit Airlines.  
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Church of England urged to build a $1.3 billion fund to tackle its legacy of slavery

The Church of England has welcomed a report that calls for it to spearhead the establishment of a £1 billion ($1.3 billion) fund to address its historical ties to slavery.  
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FAA finds ‘multiple instances’ of Boeing quality control issues

The Federal Aviation Administration has found multiple problems with Boeing’s production practices following a six-week audit triggered by the January 5 door plug blowout on an Alaska Airlines’ Boeing 737 Max 9.  
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Japan’s Nikkei 225 stock index surpasses 40,000 for the first time

Japan’s Nikkei 225 index jumped above 40,000 points for the first time on Monday, extending a historic rally that analysts say may have much further to run.  
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Source: CNN Business

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