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Airbus cancels jet contract with Qatar amid legal battle over recent deliveries

• Airbus and Qatar Airways have been in a legal fight over recent delivery of Airbus A350s • Qatar Airways complained that the paint on the Airbus A350s was cracking and peeling Airbus SE on Friday sc...

By  Shubhangi On  2022-01-22 02:50:00
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Warren Buffett’s MidAmerican Energy to develop $3.9 billion green energy project

• MidAmerican Energy is Berkshire Hathway Energy's subsidiary based in Des Moines • The project titled Wind PRIME would add 2,042 MW of wind energy and 50 MW of solar energy Warren Buffett's MidAmeric...

By  Yashasvini On  2022-01-22 02:35:00
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Shell officially changes name by ditching “Royal Dutch”

• Stock exchanges in London and Amsterdam will follow the change from January 25 • The oil giant has been planning to scrap its dual share structure Shell on Friday officially changed its name, ditchi...

By  Shubhangi On  2022-01-22 00:02:00
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IMF chief says Fed’s interest rate hikes could affect weaker economies

• Kristalina Georgieva asked countries with higher dollar-dominated debt to act sooner • She said that navigating global economy through 2022 would be complicated owing to different conditions in ever...

By  Yashasvini On  2022-01-21 22:24:00
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Intel to invest $20 billion in Ohio chip manufacturing facility

• The project will create 3,000 permanent jobs and 7,000 construction positions • The mega-site which is around 1,000 acres can house eight "fabs" Intel Corporation (NASDAQ: INTC) to invest more than ...

By  Ishika Dangayach On  2022-01-21 18:25:00
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US Treasury rates fall as investors focus on Fed’s January monetary policy meeting

• 10-year Treasury note falls 4 basis points  • 30-year Treasury bond yield drops 3 basis points  The Treasury yield in the United States fall on early Friday morning after increasing to its highest p...

By  Ishika Dangayach On  2022-01-21 16:23:00
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Bitcoin price drops lowest in five months; Ether plunges 9 % in last 24 hours

• The total cryptocurrency market lost $147 billion in the last 24 hours • Bitcoin values have dropped roughly 40% from their all-time high The world's largest cryptocurrency fell to $38,838.04, a 7.5...

By  Ishika Dangayach On  2022-01-21 15:30:00
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Peloton temporarily halts production of fitness products

• Peloton will also not manufacture Tread treadmill machine for six weeks • Peloton plans to pause Bike production for two months Peloton Interactive Inc (NYSE: PTON) is temporarily halting production...

By  Shubhangi On  2022-01-21 02:57:00
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US lawmakers criticize Tesla’s showroom in Xinjiang

• Democrats Bill Pascrell, Jr. and Earl Blumenauer wrote a strongly worded letter to Tesla CEO Elon Musk • They questioned Tesla on its plans to expand in China and its financial relations with compan...

By  Yashasvini On  2022-01-21 02:41:00
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JPMorgan, Goldman reward bankers with large bonuses

• Goldman Sachs increased its annual bonus pool by 40% to 50% • JPMorgan increased its annual bonus pool by 30% to 40% Top U.S. banks Goldman Sachs (NYSE: GS) and JPMorgan Chase (NYSE: JPM) informed i...

By  Shubhangi On  2022-01-21 01:53:00
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US jobless claims rose to 286,000 last week, highest level since October

• Continuing jobless claims jumped to 1.64 million • Claims in California sharply rose but plunged in New York The number of filings for new unemployment benefit claims in the United States has jumped...

By  Arghyadeep On  2022-01-21 01:14:00
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American, United expect profit in March; warn of increased costs

• American said ticket sales are recovering fast after the drop in early December • United expects profit in the second, third and fourth quarters of this year American Airlines (NYSE: AAL) and United...

By  Shubhangi On  2022-01-21 00:38:00
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Twitter rolls out new profile picture feature for NFT owners

• NFT users can now put up their collectibles as Twitter profile pictures without having to worry about duplicity • Twitter will collaborate with Coinbase Global Inc. and Ozone Networks Inc., to suppo...

By  Yashasvini On  2022-01-21 00:18:00
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McDonald's expands testing of 'McPlant' burger created with Beyond Meat

• McDonald's expanding McPlant trial to ‘understand customer demand' in US • McPlant burger uses a patty made from peas, rice, and potatoes to mimic the taste and texture of beef McDonald's Corp (NYSE...

By  Arghyadeep On  2022-01-20 22:19:00
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Andreessen Horowitz to raise $4.5B new investments in crypto: FT

• Andreessen plans to finalize the new funds by March • The new fundraising exercise will surpass the $2.2 billion it, raised in June 2021 for its Crypto Fund III Venture capital firm Andreessen Horow...

By  Yashasvini On  2022-01-20 22:06:00
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U.S existing-home sales drop in December but annual sales hit highest mark since 2006

• Existing-home sales move downwards from the previous month to an annual rate of 6.18 million • December sales waned 7.1% year on year U.S existing home sales decreased 4.6% in December, ending a thr...

By  Ishika Dangayach On  2022-01-20 21:08:00
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GM targets to expand hydrogen fuel cell market beyond vehicles

• GM said the availability date and price for the generators would be announced later • The company is pushing for green hydrogen, which would help reduce the production cost General Motors Co (NYSE: ...

By  Arghyadeep On  2022-01-20 02:55:00
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Sony’s stock drops 5% after Microsoft-Activision deal

• On Tuesday, Microsoft offered to pay $95 per share, in an all-cash deal to Activision • Analysts believe that this deal marks the rise of tough competition against Sony Sony Group Corp's (NYSE: SONY...

By  Yashasvini On  2022-01-20 02:24:00
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Biden administration to give 400 million N95 masks for free

• The masks will be available by late next week at pharmacies and health centers • To ensure broad access, three masks will be provided per person The Biden administration announced on Wednesday to gi...

By  Shubhangi On  2022-01-20 01:45:00
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Unilever refuses to increase 50-billion-pound buyout offer for GSK consumer arm

• Analysts expect a bid of over 60 billion pounds can win the backing of GSK's board • GSK R&D chief Hal Barron, who oversees drug development, to step down in August British multinational consumer go...

By  Arghyadeep On  2022-01-20 01:31:00
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