Highlight of the Week
Boeing halts production of 737 MAX Jet
- The company announced Monday they would halt production in January – the MAX had two fatal crashes in March
- Boeing is the largest manufacturing exporter in the US and the MAX is their best-selling plane
Rate Curves
Rapid Report:
PNC and Venmo confrontation foreshadows future FinTech challenges
- PNC customers have taken to Twitter to complain about issues connecting to the popular peer-to-peer payments app, Venmo
- Venmo shot back tweeting, ‘users should tweet @PNCBANK to let them use the financial services apps they need’
- The disagreement underlines the issue of data owned by the bank versus open banking – PNC aims to protect against fraud, particularly on providers that utilize ‘aggregators’ which function like glue to help businesses, governments, and donors easily connect with a variety of payment platforms and their customers
Amazon Prime blocks FedEx ground deliveries
- In heated holiday rivalry, Amazon will block FedEx ground shipments declaring a decline in FedEx performance
- FedEx leadership stated only a small number of customers would be affected
Drew Brees sets touchdown record
New Orleans Saints Quarterback breaks Peyton Manning’s TD record
