Economics
Boeing Sweats Under Trump Spotlight as SoftBank Feels Warmth
- Stocks move as president-elect singles out companies in tweets
- U.S. planemaker reproached for Air Force One replacement costs
Trump: Softbank Investing $50B in U.S., Creating 50k Jobs
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First came Ford and Carrier. Now Boeing and SoftBank are experiencing the power of Donald Trump’s Twitter feed.
The president-elect jumped into corporate affairs again Tuesday, tweeting first to criticize one company and then to hail another. He began at 8:52 a.m. New York time by calling out Boeing Co. over costs to develop new Air Force One jets. Just over five hours later he celebrated a $50 billion investment in the U.S. by Japanese telecommunications firm SoftBank Group Corp.