Boeing Co. said that Ted Colbert, who oversees its defense and space division, is leaving the company, the first major personnel change by Kelly Ortberg since he took over as chief executive officer last month. Steve Parker, the defense unit’s chief operating officer, will take the helm at the struggling business on an interim basis…
Morgan Stanley: Rate Cuts Mean Potential Gains Source link
Qualcomm is reportedly interested in a buyout. There’s no end to the excitement for Intel (INTC 3.31%), it seems. After shares surged earlier this week on a partnership with Amazon and a $3 billion contract with the Defense Department, they jumped again late Friday on reports that Qualcomm (QCOM -2.88%) had approached its rival about…
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. The global economy is facing rifts comparable to the pressures that resulted in “economic nationalism”, a collapse in global trade and the Great Depression of the 1920s, the president of the European Central Bank has…
Federal Reserve Governor Christopher Waller said Friday he supported a half percentage point rate cut at this week’s meeting because inflation is falling even faster than he had expected. Citing recent data on consumer and producer prices, Waller told CNBC that the data is showing inflation in the Fed’s preferred measure is running below 1.8%…
This year, taxpayers and tax professionals have set a new record for filing Income-tax Returns (ITRs). By July 31, 2024, over 7.28 crore ITRs were submitted for the Assessment Year (AY) 2024-25. That’s a 7.5% increase from the 6.77 crore ITRs filed by the same date last year. Let’s break down this year’s data and…
Three Mile Island, the site of the worst nuclear accident in U.S. history, is opening up once again. Microsoft and Constellation Energy, which owns the plant, have struck a deal that will see the plant’s undamaged reactor resume operations to power Microsoft’s AI data centers. Microsoft has signed a 20-year power-purchase agreement with Constellation, which…
ITA's Valuation Is Elevated As Its Secular Growth Trend Has Been Priced In Source link
Now that the Federal Reserve Board has met and we know for a fact that change is coming to interest rates (starting with a cut of 0.50%), it may be time to reevaluate where you’re putting your money. Although high-yield savings accounts had their day, this first drop in rates may well be the beginning…
The Federal Reserve had been talking about cutting interest rates since the start of 2024. On Sept. 18, it finally took action. The central bank lowered its benchmark interest rate by half a percentage point, marking a fairly aggressive first rate cut in what’s likely to be a series of many. You may or may…
