Airbus launches cost cuts to ‘save 2024’ after output woes
Last month, Airbus cut delivery forecasts and slowed its production ramp-up, citing shortages of engines, interiors and some aerostructures.
These stocks reporting next week have earnings momentum
More than 40 companies, including several financial heavyweights, in the S&P 500 are set to post results next week as second-quarter earnings kick off.
JPMorgan’s Jamie Dimon warns inflation and interest rates may stay higher
JPMorgan Chase CEO Jamie Dimon on Friday issued another warning about inflation despite recent signs of easing in price pressures.
Nearly 20 Democrats in Congress have called on Biden to quit race
President Joe Biden says there is no way he would reconsider remaining in the election against Donald Trump, short of polls saying he had no chance to win.
AT&T says hackers stole records of nearly all cellular customers’ calls and texts
The data contains records of calls and texts between approximately May 1 and Oct. 31, 2022, and on Jan. 2, 2023.
Japan data suggests possible yen intervention of around $22 billion
Markets analysts speculated that policymakers had used the opportunity of the U.S. inflation data to enter the market.
Citigroup tops expectations for profit and revenue on strong Wall Street results
Citigroup on Friday posted second-quarter results that topped expectations for profit and revenue on a rebound in Wall Street activity.
Elon Musk’s X deceives users and breaches online content rules, EU says
Elon Musk’s X is in breach of EU online content rules as the social media platform uses “dark patterns” to deceive users, the European Commission said Friday.
‘Why would you tinker with it if it’s not broken?’: Economist on why the Fed may not cut rates in September
There are risks to easing monetary policy that cast a cloud over the rate cut outlook, High Frequency Economics’ Carl Weinberg told CNBC.
Europe markets open higher with more U.S. inflation data due; Ericsson up 8%
European stocks opened higher Friday, defying a broader global selloff, with fresh inflation data set to land.
