US clears first Boeing 787 Dreamliner delivery in 21 – sources

US clears first Boeing 787 Dreamliner delivery in 21 – sources

The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 8 (Reuters) – The U.S. government on Monday approved delivery of the first Boeing (BA.N) 787 Dreamliner since 2021, paving … Read more

SoftBank plans job cuts at Vision Fund after record net loss

SoftBank plans job cuts at Vision Fund after record net loss

SoftBank was in a valuation bubble- Its No Sacred Zones for Cost Reductions- Yarns SoftBank exited its stake in Uber Announcement of a 400 billion yen share buyback TOKYO, Aug 8 (Reuters) – SoftBank Group Corp (9984.T) plans to cut staff at its flagship investment arm Vision Fund, CEO Masayoshi Son said on Monday, after … Read more

Berkshire Hathaway Posts Massive $43.8 Billion Loss; operating results are improving

Berkshire Hathaway Posts Massive .8 Billion Loss;  operating results are improving

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor during Berkshire Hathaway Inc’s annual shareholders meeting in Omaha, Nebraska, U.S., on 4 May 2019. REUTERS/Scott Morgan//File Photo Join now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Falling U.S. stock prices hurt … Read more

Oil falls with dollar on fears of recession; Wall Street ends mixed

Oil falls with dollar on fears of recession;  Wall Street ends mixed

Oil hits pre-Ukraine lows as demand outlook deteriorates The Bank of England expects a recession throughout 2023 Treasury Yield Curve Inversion Deepens The dollar falls; the pound sterling slips against the euro OTTAWA, Aug 4 (Reuters) – Crude oil sank along with Treasury yields and the dollar on Thursday as recession worries intensified following the … Read more

EXCLUSIVE Airbus strikes remaining A350 deal with Qatar Airways – sources

EXCLUSIVE Airbus strikes remaining A350 deal with Qatar Airways – sources

PARIS, Aug 3 (Reuters) – Airbus (AIR.PA) has revoked its entire outstanding order with Qatar Airways for A350 jets, halting all new jetliner business with the Gulf carrier in a new dramatic turn to a dispute clouding World Cup preparations, two industry sources have said. No comment was immediately available from Airbus or Qatar Airways. … Read more

Wall Street falls on rising US-China tensions, Caterpillar shares weigh

Wall Street falls on rising US-China tensions, Caterpillar shares weigh

President Nancy Pelosi expected in Taipei later today Caterpillar drops after missing sales estimates Uber wins after reporting positive cash flow Indices down: Dow 0.92%, S&P 0.61%, Nasdaq 0.45% Aug 2 (Reuters) – Major Wall Street indexes fell on Tuesday on concerns over rising U.S.-China tensions ahead of U.S. House of Representatives Speaker Nancy Pelosi’s … Read more

US plans to crack down on memory chip makers in China

US plans to crack down on memory chip makers in China

WASHINGTON, Aug 1 (Reuters) – The United States is considering limiting shipments of U.S. chipmaking equipment to memory chipmakers in China, including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter. as part of a bid to stop China’s semiconductor industry from advancing and protecting American companies. If President Joe … Read more

Chinese factory activity unexpectedly contracts in July as COVID flares up

Chinese factory activity unexpectedly contracts in July as COVID flares up

Employees work on the vehicle component production line during a government-organized media tour at a factory of German engineering group Voith, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China July 21, 2022. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register China July official manufacturing PMI lower than expected July official services … Read more

Spirit ends sale to Frontier as talks with JetBlue continue

Spirit ends sale to Frontier as talks with JetBlue continue

July 27 (Reuters) – Spirit Airlines Inc (SAVE.N) on Wednesday called off its $2.7 billion sale to Frontier Group Holdings Inc (ULCC.O) after Spirit shareholders balked at backing it, leaving JetBlue Airways Corp (JBLU.O) with an opening to strike a deal. The development, first reported by Reuters on Wednesday, came after Spirit pushed back a … Read more

Wall Street tumbles as Walmart warning rocks retail sector

Wall Street tumbles as Walmart warning rocks retail sector

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 21, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register Walmart slashes profit forecast and drags retailers in McDonald’s up in sales and profit GE jumps on higher profits, Coca-Cola up on forecast Indices down: … Read more