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Another safety scare is the last thing Boeing needs

February 22, 2021. Summarized by summa-bot.

Compression ratio: 20.7%. 1 min read.

Boeing has spent years trying to assure customers, regulators and the public that its planes are safe. That job may have just gotten harder.

London (CNN Business)Boeing has spent years trying to assure customers, regulators and the public that its planes are safe.

Investor insight: Shares of Boeing have rebounded 129% from their recent March low, outperforming rival Airbus (EADSF), but remain 48% below where they stood two years ago.

"China's return from the [Lunar New Year] holiday has heralded a burst of onshore investor copper buying," Goldman Sachs metals strategist Nicholas Snowdon said in a recent note to clients.

Surging iPhone sales in the final three months of 2020 pushed Apple ahead of Samsung as the world's biggest smartphone maker, my CNN Business colleague Hanna Ziady reports.

The launch of the 5G iPhone 12 series propelled Apple to the number one position in the fourth quarter, Gartner said Monday.

Apple (AAPL), which launched its 5G line-up in mid-October, sold 80 million smartphones in the final three months of 2020, a 15% increase on the same period the previous year.

The backstory: The final three months of the year are often Apple's strongest because it typically unveils new iPhones in September.

Investor insight: Those expectations are a big reason shares are up 60% in the past year and reached an all-time high late last month.

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