Airbus reports lower Q2 profit, trims 2020 production target
Airbus said its net income plunged in the second quarter and warned that supply-chain challenges were leading it to scale…
Headlines
Brazil’s Assai Posts Nearly 21% Jump In Quarterly Profit
(Reuters) – Brazilian cash-and-carry chain Assai reported a 20.7% increase in second-quarter net profit, compared to the same period last…
Ford Sticks With Full-year Profit Despite Surging Costs
DETROIT (Reuters) -Ford Motor Co on Wednesday reported better than expected second-quarter profit and reaffirmed its profit outlook for the…
Powell Says Markets Have Been Orderly As Fed Has Hiked Rates
NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said he has been gratified to see that financial…
FTC acts to block Meta from buying VR company, fitness app
WASHINGTON (AP) — Federal regulators on Wednesday took legal action to block Facebook parent Meta and CEO Mark Zuckerberg from…
Whistleblowers hit Southwest, FAA for lax safety practices
DALLAS (AP) — Federal officials say that Southwest Airlines and the union representing its pilots have resisted cooperating with investigations…
How the Federal Reserve’s rate hikes affect your finances
WASHINGTON (AP) — Higher mortgage rates have sent home sales tumbling. Credit card rates have grown more burdensome, and so…
Instant View: Fed Hikes Rates Another 75 Basis Points
NEW YORK (Reuters) – The Federal Reserve raised its benchmark overnight interest rate by three-quarters of a percentage point on…
Majority Of U.S. Senate Backs Bill Boosting Chipmakers, To Compete With China
By David Shepardson and Patricia Zengerle WASHINGTON (Reuters) -A majority of the U.S. Senate on Wednesday backed sweeping legislation to…
USAID chief calls on China to restructure Sri Lanka’s debt
NEW DELHI (AP) — The head of the U.S. government aid agency called on China on Wednesday to help Sri…