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An employee works in the cockpit of a Boeing P-8 Poseidon maritime patrol aircraft on the production line at Boeing’s 737 factory in Renton, Washington, November 18, 2021. Jason Redmond | Reuters Boeing‘s more than 32,000 machinists who were on strike are required to return to their factories no later than Tuesday, but getting factories…
John Paulson visits “Mornings With Maria” at Fox Business Network Studios on October 23, 2024 in New York City. John Lamparski | Getty Images Hedge fund chief John Paulson removed himself Tuesday from consideration as a potential nominee for Treasury secretary by President-elect Donald Trump. Paulson said, “My complex financial obligations would prevent me from…
Sony’s PlayStation 5. Thiago Prudencio | Lightrocket | Getty Images Sony raised sales guidance for the full year on Friday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business. Here’s how the company did in the September quarter, versus LSEG consensus estimates: Revenue: 2.97 trillion Japanese yen ($19.4…
The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to rightsize monetary policy. In a follow-up to September’s big half percentage point reduction, the Federal Open Market Committee lowered its benchmark overnight borrowing rate by a quarter percentage point, or 25…
Adyen reported a big miss on first-half sales Thursday. The news drove a $20 billion rout in the company’s market capitalization . Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images Shares of Adyen lost ground in early Thursday deals, as the company reported a slowdown in the growth of its transaction volumes in…
Obamas attribute Harris loss to global pandemic headwinds for democratic incumbents Former President Barack Obama and former first lady Michelle Obama appear on stage on the second night of the Democratic National Convention at the United Center in Chicago, Ill., on Tuesday, August 20, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images Barack…
Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign town hall meeting, moderated by Arkansas Governor Sarah Huckabee Sanders, in Flint, Michigan, U.S., September 17, 2024. Brian Snyder | Reuters DETROIT — Stock prices of foreign automakers, including Chinese and German manufacturers, fell sharply on Wednesday amid concerns the U.S. will…
Jakub Porzycki | Nurphoto | Getty Images Novo Nordisk on Wednesday reported a third-quarter beat on sales of its blockbuster weight-loss drug Wegovy and narrowed its 2024 full-year growth guidance. Company shares jumped early on Wednesday and were last up 7.7% at 9:02 a.m. London time. The Danish pharmaceutical giant said that its net profit…
Former US President and Republican presidential candidate Donald Trump speaks during a campaign rally at Van Andel Arena in Grand Rapids, Michigan on November 5, 2024. Kamil Krzaczynski | AFP | Getty Images Shares in former President Donald Trump’s media company pushed higher in early trading as voting results in the contentious election showed him…
Manuel Augusto Moreno | Moment | Getty Images Cryptocurrencies were higher Tuesday evening as investors waited for direction on the potential outcome of the U.S. presidential election. The price of bitcoin was last higher by 5.5% at $71,199.30, according to Coin Metrics, and about 3% off its all-time high. Exchange operator Coinbase rose 3% in after hours…
