Tag: Business
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Canada’s Horizon Aircraft taps BETA for flight control system
July 9 : Horizon Aircraft said on Thursday it had selected electric aircraft maker BETA Technologies to supply flight-control computers for its Cavorite X7 aircraft, as it looks to advance certification efforts.The Canadian hybrid-electric aircraft maker said it will integrate BETA’s fly-by-wire flight contro
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Oil prices, PepsiCo earnings, SpaceX’s rough ride and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Meet SK Hynix, the trillion-dollar South Korean chipmaker debuting on U.S. markets
Following a more than sevenfold rally in its stock price over the past year, South Korea’s SK Hynix is listing on the Nasdaq.
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Stocks making the biggest moves premarket: AstraZeneca, PepsiCo, Salesforce, Levi & more
These are the stocks posting the largest moves in the premarket.
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Apple supplier Luxshare leads lukewarm IPOs in Hong Kong as investors get picky
HONG KONG, July 9 : Shares of Luxshare Precision Industry led losses among IPO debutants in Hong Kong on Thursday after raising HK$24.27 billion ($3.10 billion) in the city’s biggest listing this year, as investors became more selective amid a fundraising rush and rising volatility. The stock dropped as much
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SpaceX and AI startup wealth fuels demand for private jets
NEW YORK/MONTREAL, July 9 : Aviation lawyer Amanda Applegate skipped her annual vacation last month as a surge of wealth from AI startups and SpaceX sent a wave of tech investors shopping for private jets, burying her in paperwork for aircraft-purchase agreements.The Cleveland-based attorney attributed the ru
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SAP to make it easier for customers to switch, averts EU fine
BRUSSELS, July 9 : SAP, Europe’s largest software maker, will make it easier for its customers to switch to rival service providers or end their contracts, EU antitrust regulators said on Thursday as part of concessions aimed at staving off a possible fine.In September last year, the European Commission launc
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Google appeals Indian ruling over its ads platform, citing consumer harm
NEW DELHI, July 9 : Google has challenged an Indian court ruling that it infringed on a company’s trademark rights by allowing rivals to use its name as an advertising keyword, arguing the decision will hurt consumers, documents reviewed by Reuters show.The May decision could reshape the online ads market in
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PepsiCo earnings miss estimates as North American consumers tighten their budgets
PepsiCo reported weaker-than-expected quarterly earnings despite strong international demand.
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Dollar follows oil lower; Gulf tensions, Fed minutes in focus
HONG KONG/LONDON, July 9 : The dollar eased slightly from this week’s highs on Thursday as the U.S. and Iran carried out renewed attacks, despite a spike in oil prices that rekindled concerns about inflation and boosted expectations the Federal Reserve could soon raise interest ratesMinutes on Wednesday from
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