Posted 3/12/2024, 1:22:26 PM
Inflation Tops Forecasts; Oracle Soars on AI Demand; Southwest Cuts Outlook Due to Boeing Delays
- CPI for February rose 3.2% year-over-year, slightly above expectations of 3.1%
- Oracle shares surged after reporting high AI demand and plans to massively increase capacity
- Southwest cut capacity plans and 2024 forecast due to delayed Boeing aircraft deliveries
- Boeing failed 33 of 89 FAA audits, with issues found in 737 MAX production
- FAA investigating Boeing after January incident with Alaska Airlines