Qualcomm Warns Of Sales Hit From Cooling Smartphone Demand
By Chavi Mehta and Jane Lanhee Lee (Reuters) -Qualcomm Inc forecast fourth-quarter revenue below Wall Street targets on Wednesday, bracing…
Ford 2Q profit up 19%, sees stronger year despite inflation
DETROIT (AP) — Ford Motor Co.’s net income rose 19% in the second quarter as the company pulled together enough…
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…
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…