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Yahoo
2 days ago
- Business
- Yahoo
Watch These Boeing Price Levels After Stock Jumps to Highest Level in 15 Months
Boeing shares closed at their highest level since February 2024 following news that the company will resume delivering planes to China next month. The stock broke above a flag pattern in Thursday's trading session, setting the stage for a continuation move higher. Investors should watch key support levels on Boeing's chart around $199 and $187, while also monitoring resistance levels near $234 and $ (BA) shares closed at their highest level since February last year on news that the company will resume delivering planes to China next month. CEO Kelly Ortberg said that the country's airlines had indicated they would begin taking first deliveries in June, with the development coming after China earlier this month reportedly reversed a ruling barring its airlines from taking deliveries of Boeing planes. Sentiment likely received an added boost after Ortberg said Boeing plans to increase production of its top selling 737 Max jets to 42 per month in the near-term and 47 per month by the end of the year. Boeing shares have rebounded 62% from their early-April low and trade 18% higher since the start of the year through Thursday's close, lifted by growing optimism that the jet maker could become a beneficiary of a broader U.S-China trade deal. The stock was the top gainer in the Dow Jones Industrial Average on Thursday, rising more than 3% to around $208. Below, we take a closer look at Boeing's chart and apply technical analysis to identify price levels worth watching out for. Boeing shares broke out above the neckline of a double bottom earlier this month before consolidating in a flag, a chart pattern that signals a continuation of the stock's strong uptrend that has been in play since early April. Indeed, the shares broke out from the flag in Thursday's trading session, setting the stage for another move higher. However, it's worth pointing out that, while the relative strength index confirms bullish price momentum, the indicator also cautions overbought condition with a reading above the 70 threshold. Let's identify key support and resistance levels on Boeing's chart. The first lower level to watch sits around $199. This area would likely provide solid support near a horizontal line that connects the low of the flag pattern with multiple peaks and troughs on the chart extending back to the fourth quarter of 2023. A close below this key level could see the shares descend to $187. Investors may look for entry points in this location near the double bottom pattern's neckline, an area on the chart that may flip from prior resistance into future support. A continuation of the stock's recent bullish momentum could trigger a move toward $234, where the shares may encounter overhead selling pressure near a range of corresponding price action that followed a stock gap in January last year. Finally, buying above this level could see Boeing shares take off to the $265 region. Investors who bought at lower prices may decide to lock in profits in this area near a series of trading activity situated around the December 2023 swing high. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
DW
2 days ago
- Health
- DW
Haribo recalls cannabis-laden 'Happy Cola' candies – DW – 05/29/2025
Candy maker Haribo has issued a product recall in the Netherlands after cannabis was found in a batch of its Happy Cola gummies. Authorities are seeking to determine how the contraband got into the product. German-based candy maker Haribo on Thursday recalled its Happy Cola F!ZZ sweets in the Netherlands after cannabis was found in at least three bags containing the product. The recall only applies to 1 kilo (2.2 lb.) bags sold in the Netherlands. Haribo has asked customers to return Happy Cola F!ZZ candies with a best-before date (BBD) of January 2026 and the product code L341-4002307906 for a refund. Despite the low number of products found to contain cannabis, the Dutch Food and Consumer Product Safety Authority (NVWA) said Haribo had issued a complete batch recall as a precaution. "There are bags in circulation with sweets that can lead to health complaints, such as dizziness, when consumed," said NVWA spokesperson Saida Ahyad. "The police reported this to the NVWA after several people, both children and adults, became ill after eating the cola bottles," said Ahyad, who added, "do not eat the sweets." Haribo working with Dutch authorities Haribo said it is actively working with authorities to find out how the contraband made its way into the company's products. "The safety of our consumers is our highest priority and Haribo takes this incident very seriously," Haribo's vice president of marketing, Patrick Tax, told the AFP news agency. "This is a live issue and we are working closely with the Dutch authorities to support their investigation and establish the facts around the contamination." The internationally renown sweets manufacturer has been producing its cola bottles since 1965, promising that "every bottle conceals a little adventure of its own." Edited by: Zac Crellin
Time of India
4 days ago
- Automotive
- Time of India
Xiaomi reports record first-quarter revenue as it launches new electric SUV
China's Xiaomi on Tuesday reported record first-quarter revenue and profit, as the company said its ongoing shift towards higher-end products from smartphones to home appliances was already paying off. Revenue for the quarter ended March 31 was 111.3 billion yuan ($15.48 billion), up 47% year-on-year and beating the 107.6 billion yuan average of 17 analyst estimates compiled by LSEG. Adjusted net profit rose above 10 billion yuan for the first time, jumping 65% year-on-year to 10.7 billion yuan, ahead of the average estimate of 8.96 billion yuan, according to LSEG data. Xiaomi President Lu Weibing told a conference call with reporters that Xiaomi's strategy to focus on high-end products had yielded positive results. The world's third-largest smartphone maker, whose product lines also extend to cars, announced its latest electric SUV, the YU7, last week, which it will start selling in July. Lu said feedback on the YU7 indicated it could have a broader target market than its previous model, the SU7. The company did not disclose the price of the YU7 but suggested its better configurations should make the car 60,000-70,000 yuan more expensive than Tesla's best-selling Model Y, which is expected to be its strongest competitor and is priced from 263,500 yuan ($36,574). Xiaomi's EV business generated 18.1 billion yuan in revenue during the first quarter, delivering 75,869 SU7 sedans. It posted an adjusted net loss related to its EV and other new initiatives of 0.5 billion yuan. Its new EV orders have fallen since a fatal highway crash at the end of March involving an SU7 in driving-assistance mode, analysts have said. Its problems have been compounded by customer complaints of false advertising. Xiaomi apologised earlier this month for "not clear enough" marketing. Still, the company's shares have rebounded since April, giving it a market value of about $170 billion, higher than the roughly $161 billion commanded by BYD , China's biggest EV maker, LSEG data show. Xiaomi's first-quarter global smartphone shipments rose 3% from a year earlier to 41.8 million handsets, ranking it third globally, with a market share of 14.1%, according to its latest financial report citing data from researcher Canalys.
Indian Express
4 days ago
- Automotive
- Indian Express
Xiaomi reports record first-quarter revenue as it launches new electric SUV
China's Xiaomi on Tuesday reported record first-quarter revenue and profit, as the company said its ongoing shift towards higher-end products from smartphones to home appliances was already paying off. Revenue for the quarter ended March 31 was 111.3 billion yuan ($15.48 billion), up 47% year-on-year and beating the 107.6 billion yuan average of 17 analyst estimates compiled by LSEG. Adjusted net profit rose above 10 billion yuan for the first time, jumping 65% year-on-year to 10.7 billion yuan, ahead of the average estimate of 8.96 billion yuan, according to LSEG data. Xiaomi President Lu Weibing told a conference call with reporters that Xiaomi's strategy to focus on high-end products had yielded positive results. The world's third-largest smartphone maker, whose product lines also extend to cars, announced its latest electric SUV, the YU7, last week, which it will start selling in July. Lu said feedback on the YU7 indicated it could have a broader target market than its previous model, the SU7. The company did not disclose the price of the YU7 but suggested its better configurations should make the car 60,000-70,000 yuan more expensive than Tesla's best-selling Model Y, which is expected to be its strongest competitor and is priced from 263,500 yuan ($36,574). Xiaomi's EV business generated 18.1 billion yuan in revenue during the first quarter, delivering 75,869 SU7 sedans. It posted an adjusted net loss related to its EV and other new initiatives of 0.5 billion yuan. Its new EV orders have fallen since a fatal highway crash at the end of March involving an SU7 in driving-assistance mode, analysts have said. Its problems have been compounded by customer complaints of false advertising. Xiaomi apologised earlier this month for 'not clear enough' marketing. Still, the company's shares have rebounded since April, giving it a market value of about $170 billion, higher than the roughly $161 billion commanded by BYD, China's biggest EV maker, LSEG data show. Xiaomi's first-quarter global smartphone shipments rose 3% from a year earlier to 41.8 million handsets, ranking it third globally, with a market share of 14.1%, according to its latest financial report citing data from researcher Canalys. ($1 = 7.1920 Chinese yuan renminbi)
Hindustan Times
7 days ago
- Entertainment
- Hindustan Times
A savvy music composer who re-imagined rhythm, with a blend of Indian and Western beats
MUMBAI: He loved to hate the world of Hindi cinema; gladly crossed swords with movie moghuls whose films became runaway hits because of his music. He refrained from doling out songs to Lata Mangeshkar, the reigning playback singer of the time, and yet held sway on Hindi film music for two decades. These delicious paradoxes define the life and times of Omkar Prasad (O P) Nayyar, the maverick composer whose birth centenary celebrations are underway in the city. A Nayyar event was held at an auditorium in Mulund recently by the cultural department of the state government. 'We are planning more such tributes to the great maestro. His music is inimitable. He has stood time's test,' said Adhita Lele, who presented the Nayyar show in Mulund. Nayyar burst upon the music scene in the 1950s — a 20-something Partition refugee from Lahore (his beloved 'Lawhore' where he was born in 1926) with savage confidence, he held his own against titans such as Anil Biswas, Naushad Ali, C Ramchandra, Shankar-Jaikishan and S D Burman. Nayyar re-imagined rhythm, blended the traditional Indian 'theka' with Western beats and chose his musical instruments — whether double bass, clarinet, saxophone or a soft, serene 'sarangi' — with great care to enhance a song's tonal quality and aesthetics. The 'ghoda-gadi' beat, Nayyar's USP, spawned a basket of breezy ditties down the decades: 'Yoon toh hamne laakh haseen dekhe hain', 'Laakhon hai yahan dilwaale', 'Ankhon se joh utari hai dil mein', 'Pukarta chalaa hon main' and, of course, 'Piya piya mora jiya pukare', the Asha Bhosle-Kishore Kumar duet from the film 'Baap Re Baap', which figured in the Binaca Geet Mala's annual list in 1955. 'Nayyarsaab worked hard on beat as no other composer did. He used 'jhap-taal', fairly unfamiliar to Hindi cinema, for 'Savera kaa suraj tumhare liye hai', the haunting Kishore Kumar number from 'Ek Baar Muskura Do'. This gave his songs a deeply musical quality,' said noted musician Suraj Sathe. 'Asman', Nayyar's debut film, was a miserable flop. 'Chham Chhama Chham' and 'Baaz' too met the same fate. However, 'Aar Paar' (1954) catapulted Nayyar to stardom, thanks to Guru Dutt. The legendary film maker urged Nayyar, who was weaned on the slow, pensive songs of New Theatres of Calcutta (now Kolkata), to switch over to peppy numbers. In fact, a well-known story in the industry is that Dutt took Nayyar to Rhythm House, the once iconic but now-defunct record shop at Kala Ghoda, and gifted him records of Elvis Presley, Bing Crosby, Dean Martin and Nat King Cole. 'No harm in getting inspired by Hollywood music,' Dutt had pacified a hugely embarrassed Nayyar, it is believed. 'At least four 'Aar-Paar' songs — 'Kabhie aar kabhie paar laaga teer- e- nazar', 'Elo main hari piya', 'Hoon abhi main jawan' and 'Babuji dheere chalna' are adored by music connoisseurs, while the Gen-Z loves to groove on the zany beat of 'Jaane kahaan mera jigar gaya jee,' from 'Mr and Mrs 55,' said Rajil Sayani, noted music chronicler and son of the late Ameen Sayani, the renowned broadcaster. 'Also, 'Aye dil hai mushkil jeena yahaan,' the mellifluous Geeta Dutt-Mohammad Rafi duet from 'CID', topped the 1956 'Binaca' chart,' Sayani said. Pointing out that Nayyar added colour to Hindi cinema's plaintive black-n-white era marked by sorrowful melodies much before cinema went Technicolour and Gevacolour, noted musician Arvind Haldipur said, 'Nayyarsaab had a style of his own. He never aped his peers. His fast-paced numbers went down well with the audience that was craving a change in film music.' Cinema chroniclers say Nayyar will long be remembered for 'Mera naam chin chu', the oomph-oozing Geeta Dutt number from 'Howrah Bridge' made immortal on the silver screen by Helen — and, of course, 'Yeh hai Bombay meri jaan', the industry's handsome tribute to the city. Although not trained in Indian classical music Nayyar could come up with 'Chhota sa balama ankhiyan neend churai ley gaya ho', a soul-stirring number from 'Raagini' (1958) in Raag Tilang. Also, he set to tune all 'Phagun' (1958) songs in Raag Pilu. 'Nayyarsaab had music streaming in his blood,' said Sathe. According to Sayani, top musicians such as Pandit Ram Narayan, Manohari Singh, Parshuram Haldipur, Ram Singh and Sebastian were eager to work with Nayyar because he adhered to a well-planned schedule, and saw to it that the artistes were paid good remuneration, and on time. While Nayyar teamed up with renowned filmmakers of the time such as B R Chopra, Guru Dutt, S Mukherjee and Shakti Samanta, he was happier doing low-budget flicks, with funny titles such as 'Baap Re Baap', 'Bhagam Bhag', 'Mr Lamboo' and 'Mangu', as producers pampered him, said a musician. Also, he chose Asha Bhosle over Shamshad Begum and Geeta Dutt as his favourite female voice after 'Naya Daur'. In doing so Nayyar contested Mangeshkar's numerous uno status. Once Geeta Dutt rang up Nayyar to ask him if he had forgotten her. 'I had no answer. Actually, it was Geeta-ji who had recommended my name to Guru Dutt during 'Aar-Paar' when my future seemed bleak. However, our 'karma' determines our life,' Nayyar said in an interview. Film experts say Nayyarsaab invested Bhosle with a style to suit the romantic thrillers of the 1960s, awash with colour and often shot in the snow-capped Himalayas where ladies in bouffants — Sharmila Tagore, Asha Parekh and Sadhana — cavorted with Shammi Kapoor, Biswajit or Joy Mukherjee in musicals such as 'Kashmir Ki Kali', 'Sawan Ki Ghata', 'Ek Musafir, Ek Haseena' and 'Mere Sanam'. The Asha solos under Nayyar's baton are a class apart : 'Chhota-sa balama' ('Ragini'); 'Aaj koiee pyaar sey dil ki baatein kaha gaya' ('Sawan Ki Ghata'); 'Koiee keh de zamane sey jaa ke' ('Baharein Phir Bhi Aayengi'); 'Yeh hai reshami zulfon ka andhera naa ghabaraeeye' ('Mere Sanam'); 'Yahi woh jagah hai' ('Yeh Raat Phir Naa Aayegi'); 'Akeyli hoon main piya aa' ('Sambandh') and 'Balama khuli hawa mein' ('Kashmir Ki Kali'), among many other numbers. However, the Nayyar-Bhosle alliance went sour by the end of the 1960s only to make space for R D Burman. Recorded on a balmy August morning in 1972, 'Chain se hum ko kabhi aap ne jee ne naa diya', Nayyar and Bhosle's last song together, is an ode to love, separation and loneliness. Nayyar lived in self-imposed exile for over three decades, making occasional appearance, in his trademark silk shirt, trousers and hat, at a television musical show or a live concert of his songs. He died in January 2007.
