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Boeing Announces $2.8 Billion Hit in Defence Business
Shares in Boeing Co. fell by 4% on Wednesday after the company recorded a $2.8 billion charge in its defense business. The U.S. plane manufacturer is experiencing rising costs as a result of the inflationary pressures that have been affecting fixed-price contracts for U.S. aerospace and defense firms. Such...
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GE Slashes Annual Forecast Following Decline in Adjusted Profit
General Electric decided to cut its annual earnings forecast after reporting on Tuesday a 19% drop in adjusted quarterly...
QatarEnergy and Shell Partner Up for LNG Expansion
QatarEnergy chief executive Saad al-Kaabi announced on Sunday that Shell has become a partner in the state-owned company's North...
Verizon Stock Drops to Decade-Low After Decline in Profit and Subscribers
Telecommunication giant Verizon had a rough third quarter, according to the company’s third-quarter earnings results released earlier this week....
American Airlines Will Remove First Class Seats on International Flights
Flying first class to an international destination will soon become a thing of the past; at least if you're...
IRS Increases the Limits for Maximum Annual Retirement Contributions
The Internal Revenue Service will allow Americans to contribute more money to their retirement plan in 2023 than ever...
Tesla’s Q3 Earnings Miss on Revenue, Stock Dips 5%
Tesla might be the biggest name in the world of electric cars, but even they are not immune to...
Chipotle Will “Probably” Increase Prices in California Due to Minimum Wage Bill
You might have noticed that your favorite Chipotle items have been more expensive than ever in 2022 as the...
General Motors CEO on China: “We Still Think There’s Tremendous Opportunity There”
Automaker General Motors still thinks they can have great success in China despite recent obstacles related to the country’s...
Roblox Stock Jumps 22% Amid Positive Metrics Report
Roblox, the creator of a super popular online game platform and game creation system of the same name, is...
Kroger Acquires Rival Grocer Albertsons for $25 Billion
Two of the biggest grocery chains in America are joining forces in attempts to remain competitive in an increasingly...
Netflix Shares Details and Price of Its Ad-Supported Plan
We finally learned more about Netflix’s highly-anticipated ad-supported subscription plan. The streaming service giant revealed several details about the...
Intel Corp. Planning Significant Layoffs Amid Low PC Sales
The low sales of personal computers (PC) prompted the chip maker Intel Corp. to engage in cost-cutting activities that...