Boeing Report Disappoints Investors
Boeing stock is trading down since issuing an earnings report in which the aerospace and defense company missed on revenues and had a surprise earnings per share (EPS) loss. In…
UN Predicts Turkish Inflation In 2023 Will Be Higher Than The Government’s Forecast
On Wednesday, The World Economic Situation and Prospects report was released. The UN report predicted that in Turkey, inflation would fall to an average of 42.4% by year’s end, a…
EU And G7 Agree On Price Cap On Russian Diesel
On Friday, Bloomberg reported that the Group of Seven has approved the EU’s proposed price cap on Russian diesel exports of $100-$110 per barrel, according to a G-7 official. Originally…
Spotify To Cut 6% Of Its Workforce
Spotify, the Swedish audio-streaming company has announced it will layoff about 6% of its workforce of about 10,000 workers in the latest round of tech-sector layoffs designed to cut costs…
China Is Now The Third Largest Automobile Exporter
In 2022, Chinese exports of automobiles to the international market rose above 2.5 million units, making China the third largest exporter of automobiles in the world. according to a Bloomberg…
Inflation Gauge Fell, Consumer Spending Down
The favored inflation gauge of the Federal Reserve fell further in December as consumer spending also dropped, giving investors hope the Federal Reserve’s aggressive interest rates hike may be in…
White House Renews Attacks On Oil Industry
On Friday, the White House renewed attacks on the oil sector, accusing them of neglecting to invest in capacity so they can just hand profits to investors, following Chevron’s announcement…
CEO: Intel Is Committed To Dividends
Pat Gelsinger, CEO of Intel (INTC), refuted rumors that the hard times Intel is experiencing would lead to the end of dividend payouts to investors. In an interview with Yahoo…
Lucid Soars As Rumors Of A Saudi Buyout Spread
Lucid (LCID) stock soared Friday by as much as 88%, with trading repeatedly halted for volatility, as speculation spread that Saudi Arabia’s Public Investment Fund (PIF) was considering buying out…
Bed Bath & Beyond Closes Harmon Outlets To Save Cash
Bed Bath & Beyond is making a last desperate effort to conserve cash in what many analysts think may be its last days. Yahoo Finance is reporting a source told…
