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The Latest Breaking News on Business

Boeing Reports $6.2 Bn Loss On Strike, Defense Contract Woes

Boeing reported a whopping $6.2 billion quarterly loss Wednesday as a nearly six-week labor strike weighed on its commercial plane division and costly problems dragged down its defense and space business.

International Business Times

What to Expect From Molson Coors Beverage's Q3 2024 Earnings Report

Molson Coors Beverage is gearing up to release its third-quarter earnings next month, and analysts expect a double-digit profit dip

Barchart

McKesson's Quarterly Earnings Preview: What You Need to Know

With McKesson gearing up to release its second-quarter earnings next month, analysts expect a double-digit surge in earnings.

Barchart

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Skyworks Solutions' Q4 2024 Earnings: What to Expect

Skyworks Solutions is all set to release its fourth-quarter earnings next month, and analysts expect a double-digit profit decline.

Barchart

Builders FirstSource Earnings Preview: What to Expect

With Builders FirstSource gearing up to release its third-quarter earnings next month, analysts expect a double-digit drop in earnings.

Barchart

Earnings Preview: What to Expect From PPL Corporation's Report

PPL Corporation is all set to release its third-quarter earnings next month, and analysts expect a low single-digit profit dip.

Barchart

This industry comeback lacks workers

Staffing shortages could put domestic objectives for the industry at risk and drive up labor costs

Salon

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Stripe announces $1.1 billion acquisition of stablecoin start-up Bridge

Bridge seeks to help financial institutions seamlessly integrate stablecoin technology.

Fortune

New Starbucks boss to shake up ‘overly complex’ menu to win back customers

Brian Niccol aims to turn around coffee chain, which has reported falling sales, revenue and profits

The Guardian - UK

Reckitt sees sales slide after £100m tornado hit to baby formula

The Nurofen-to-Dettol maker saw revenues dragged lower by a 17.4% tumble in sales at its nutrition division caused by tornado damage to a warehouse.

Evening Standard

Here's What to Expect From Cummins' Next Earnings Report

Next month, Cummins will announce its Q3 earnings, with analysts forecasting a small jump in profitability.

Barchart

Troubled Boeing Faces Investors And Awaits Strike Vote

Boeing will be under a spotlight Wednesday as the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking employees vote on whether to end a costly weeks-long stoppage.

International Business Times

Boeing is expected to report a big Q3 loss, then wait for results of vote by striking workers

It's a big day for Boeing

The Independent UK

Asian Markets Mixed As Rate Cut Bets Are Trimmed; US Vote In Focus

Asian equities diverged Wednesday after another unremarkable day on Wall Street, where rising bond yields and comments from Federal Reserve officials dampened expectations for US interest rate cuts.

International Business Times

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Tom’s Hardware

TSMC reportedly uncovers Huawei's plot to circumvent US export controls — Chinese tech giant may be using a proxy to produce chips at TSMC

TSMC notifies the U.S. government about Huawei's method of gaining access to leading process technologies and semiconductors it should not be able to due to U.S. restrictions.

The Independent UK

Denny’s set to close 150 locations across the US

50 locations set to close by the end of 2024, while the remaining 100 will shutter in 2025, Denny’s announced in earnings call

International Business Times

Five Subscriptions To Invest During Your 20s

Many Americans are spending well over $1,000 annually on a myriad of subscriptions, with around 42% of consumers paying for subscription services they don't use anymore or have simply forgotten about.

Tom’s Hardware

Hemlock Semiconductor gets $325 million for a new factory in Michigan — swing state-based company receives CHIPS Act award weeks ahead of the presidential election

Michigan-based Hemlock Semiconductor receives its $325 million CHIPS Act award weeks before the presidential election.

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The Street

Struggling trucking company files Chapter 7 bankruptcy liquidation

The Irving, Texas-based trucking company blames the economy, low freight rates, and rising costs for its financial distress.

Barchart

Nat-Gas Prices Erase Early Gains on Warm US Weather

November Nymex natural gas (NGX24 ) on Tuesday closed down by -0.001 (-0.04%). Nov nat-gas prices Tuesday gave up an early advance and posted modest losses. Gas prices came under pressure Tuesday after updated US weather forecasts called for above-normal temperatures across most of the US, which will curb heating...

The Street

With Spirit Airlines avoiding bankruptcy (for now), here are some cheap flights

The airline just launched its “Create Your Own Fall Break” plane ticket sale until Oct. 22.

Barchart

Southern Company's Quarterly Earnings Preview: What You Need to Know

Southern Company is gearing up to release its third-quarter earnings this month, and analysts expect a single-digit profit dip.

Barchart

What to Expect From CVS Health's Next Quarterly Earnings Report

With CVS Health gearing up to release its third-quarter earnings next month, analysts expect a double-digit drop in earnings.

International Business Times

Strong Auto Prices Lift GM Results As It Eyes China Revamp

General Motors reported strong earnings Tuesday on robust pricing as the Detroit giant said it was hopeful about returning to profitability in China and reiterated a flexible approach to EV investment.

Barchart

C.H. Robinson's Q3 2024 Earnings: What to Expect

C.H. Robinson is all set to announce its third-quarter results next week, with analysts predicting a double-digit growth in the company's earnings.

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