Tag: Business
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Dollar edges higher as focus turns to central bank meetings
NEW YORK/LONDON Oct 27 : The dollar firmed against major currencies including the euro, yen and sterling on Tuesday amid market positioning ahead of a series of central bank meetings for fresh clues on the economic outlook and the path of interest rates.The Federal Reserve is set to announce its latest policy
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Stocks rise as oil slips with tech earnings, Fed ahead
Oct 27 : World stocks rose while oil prices slipped on Tuesday on hopes for Middle East talks and as investors awaited earnings from US technology giants and central bank meetings that could shape the near-term outlook for interest rates.Oil trading was choppy as attention turned to the prospect of peace talk
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Boeing share price plummets with slower 737 production and free cash flow growth outlook
SEATTLE, Oct 27 : Boeing CEO Kelly Ortberg said on Tuesday that the company will not reach its 737 production rate target of 47 jets a month until early 2027, a serious setback to the company’s ongoing recovery. As a result, the company will not hit its delivery target of 500 jets this year. The…
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Honda warns 50% Canada auto tariffs would be catastrophic for auto industry
President Donald Trump has threatened to double tariffs on Canadian vehicles and parts from 25% to 50% if a trade deal is not reached between the two countries.
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American Airlines hikes annual fees on rewards cards for first time since 2018
American Airlines joined other airlines and banks in raising their airline credit card fee for one of their major cards.
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Boeing will not reach 737 production target until early 2027
SEATTLE, Oct 27 : Boeing CEO Kelly Ortberg said on Tuesday that the company will not reach its 737 production rate target of 47 jets a month until next year, a serious setback to the company’s ongoing recovery.The company had planned to reach the target this past summer, but it will take “into early next…
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Apple launches M6 MacBook Pro and iMac, pitches faster on-device AI
Oct 27 : Apple on Tuesday unveiled a new 14-inch MacBook Pro and iMac powered by its latest M6 chip, touting faster performance for running AI tasks directly on the devices.Here are more details:• The 14-inch MacBook Pro starts at $1,999, while the iMac starts at $1,499• Customers can pre-or
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High inflation to persist globally into next year, Reuters poll shows
BENGALURU, Oct 27 : High inflation will persist in the global economy well into next year, according to hundreds of economists polled by Reuters, who are now increasingly concerned that price pressures will become entrenched beyond rising energy costs caused by the conflict in the Middle East.More than $1 tri
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Intel to buy quantum firm Classiq for about $2.3 billion, Bloomberg News reports
Oct 27 : Intel has agreed to acquire Israeli quantum computing software company Classiq for about $2.3 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter.Classiq did not immediately respond to a Reuters request for comment on the reported deal value, while Intel declined to c
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