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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
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
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
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
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
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
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
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
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
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
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
Bank of America tops profit estimates on increased loan demand

• Fourth-quarter profit of the bank soared 30% • The bank said it released $851 million in reserves Bank of America (NYSE: BAC) on Wednesday surpassed analysts' expectations as the fourth-quarter prof...

By  Shubhangi On  2022-01-20 00:25:00
Peloton insiders sold shares worth $500 million before the stock’s fall

• The company's CEO and other executives sold millions of shares at prices over $100 a share before the stock fell • CEO and co-founder, John Foley, sold $119 million worth of stock starting in Novemb...

By  Yashasvini On  2022-01-20 00:15:00
US Treasury yields surge amid market speculation over interest rate hikes

The Treasury yield in the United States surged to its highest point since December 2019 on Wednesday morning as the Federal Reserve will soon begin raising interest rates. The yield on the benchmark 1...

By  Ishika Dangayach On  2022-01-19 19:00:00
Tesla shareholders urge judge to make Musk pay $13B for SolarCity deal

• The lawsuit alleges that Musk coerced board into approving deal for insolvent SolarCity • Tesla stock fell 1% at around $1,040 in afternoon trade Shareholders of electric vehicle giant Tesla Inc (NY...

By  Shubhangi On  2022-01-19 02:54:00
‘The pandemic will not end’, says WHO

• WHO dismissed the rumours that suggested that omicron is the last variant • WHO warned against relaxing public health measures and stressed the need to  strengthen them to control the spread of infe...

By  Yashasvini On  2022-01-19 02:37:00
AT&T, Verizon delay 5G rollout after airlines’ outcry

• The Biden administration said it is in talks with airlines, telecom companies and federal agencies regarding the rollout of 5G service • AT&T and Verizon were scheduled to begin the 5G rollout on We...

By  Shubhangi On  2022-01-19 01:11:00
Fourth Pfizer COVID-19 shot less effective on Omicron, Israeli trial suggests

• Preliminary data found the second booster did increase antibodies • Those with fourth shot only slightly less likely to get Omicron A fourth shot of the COVID-19 vaccine manufactured by Pfizer Inc (...

By  Arghyadeep On  2022-01-18 02:47:00
Activision Blizzard fires over dozen employees over sexual harassment allegations

• About 700 reports of sexual misconduct and other issues were collected by Activision since July • The move comes after Activision faces pressure from shareholders, staff and business partners Activi...

By  Shubhangi On  2022-01-18 01:25:00
U.S. FAA clears 45% of plane fleet ahead of 5G deployment

• The interference from 5G could impact low-visibility operations • U.S. airlines have been raising the issue that flights will be severely impacted due to 5G The U.S. Federal Aviation Administration ...

By  Shubhangi On  2022-01-18 00:38:00
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