A U.S. House of Representatives committee voted in favor of restoring tariffs on solar panels from four Southeast Asian nations on Wednesday and reversing President Joe Biden's earlier suspension, setting the resolution up for a vote by the full House.
HSBC urges shareholders to vote against proposed split
Wall Street's main indexes fell on Wednesday as Treasury yields rose on growing expectations that the Federal Reserve could keep interest rates higher for longer, while mixed earnings from regional banks and weakness in Tesla further dented sentiment.
The exact number of employee terminations is still undisclosed, but it correlates with the 9,000 workforce reduction that CEO Jassy declared in March.
The recall was issued after a customer complaint about the problem.
Netflix Inc on Tuesday reported first-quarter revenue and earnings roughly in line with Wall Street expectations but offered a forecast below analyst estimates for the next three months.
The SEC said the issues impacted more than 25,000 accounts, resulting in those clients losing approximately $4 million in potential tax benefits.
Southwest Airlines Co's flights resumed operation Tuesday after a one-hour nationwide stoppage, which the U.S. airline said was caused by a firewall failure.
The U.S. government's deadline to raise the $31.4 trillion debt ceiling could be sooner than expected, raising the prospect of a short-term debt limit extension, analysts said on Tuesday.
Shares were down 0.5% at $32.15 after dropping nearly 4% soon after the outage was reported.
Johnson & Johnson beat quarterly earnings estimates and raised its 2023 profit forecast on Tuesday, powered by strong sales for key drugs such as Crohn's disease treatment Stelara and a recovery in demand at its medical devices unit.
Net income came in at $3.1 billion, down 19% from the year-ago period on a 5% drop in revenues to $12.2 billion.
U.S. stock index futures climbed on Tuesday as Bank of America and Johnson & Johnson reported upbeat earnings, while signs of uneven economic recovery in China and prospects of more Federal Reserve interest rate hikes capped gains. .
The Washington Commanders sale is kicking into high gear with the latest development.
The world's biggest company in terms of market value is also expanding its manufacturing footprint in India as it seeks to diversify its supply chain away from a heavy dependence on neighboring China.
Oil prices held steady in early trading on Tuesday after falling 2% in the previous session, with markets awaiting the release of economic data in China, looking for signs of economic recovery and growth to offset weakening demand elsewhere.
McDonald's is toasting buns and melting cheese to improve the quality of its Big Mac and other burgers as it looks to boost sales.
U.S. President Joe Biden's administration is set to move ahead with the sale of a modernization package for Turkey's existing F-16 aircraft, after leaders of U.S.
Markets fear that the monetary tightening by central bankers will tip the economy into recession.
The Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss francs ($9.70 million) to Alvarez & Marsal Switzerland, linked to the rescue of Credit Suisse, according to state procurement platform Simap.ch on Monday.
A settlement would mean 92-year-old Murdoch and star anchors, such as Tucker Carlson, would avoid having to testify in court.
As Walmart announces plans to expand the EV fast charging network, Tesla announces more China plans.
SpaceX said liftoff was called off just minutes ahead of the scheduled launch time because of a pressurization issue in the booster stage.
United Parcel Service and the International Brotherhood of Teamsters union will on Monday start U.S.
Apple CEO Tim Cook had first shared plans to open the company's first physical retail stores in India in 2019. But lack of government approvals had held up that milestone event until now.
Financial reports from Netflix, Tesla, and Bank of America in the week ahead will determine whether Wall Street is in an earnings recession or recovery.
Sultan Al Jaber, president of the COP28 climate talks, called on Saturday for "available, accessible and affordable" finance for the developing economies most vulnerable to the destructive impacts of a warming planet.
JPMorgan Chase & Co on Friday reported a surge in deposits in the first quarter, as the sudden collapse of two U.S.
Debate is beginning to intensify over whether the U.S. central bank's next increase will be its last in an aggressive tightening cycle that finally may have begun to show its teeth. Financial markets are betting on this 'one and done' scenario.
Boeing was notified by a supplier of the latest MAX issue, which is expected to affect a "significant" number of undelivered planes, but not those that have already been delivered, Boeing said.
