Check out the companies making headlines in midday trading: FedEx — The delivery giant plunged more than 15% after reporting a steep quarterly earnings drop. The company also lowered its full-year revenue forecast. CEO Raj Subramaniam said industrial demand was softer than expected, while FedEx’s customers continued to shift to cheaper, slower delivery options, which…
Are you considering closing your Kotak Mahindra Bank account and wondering how to smoothly withdraw closing balance? You’re not alone! Whether it’s due to a change in banking needs, relocation, or simply finding better offers elsewhere, the process of closing an account can feel daunting. But fear not! In this comprehensive guide, we’ll walk you…
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
