Category: Business

Boeing to lay off about 2,000 white-collar jobs in finance and HR
7. 2. 2023 No Responses

Boeing to lay off about 2,000 white-collar jobs in finance and HR

At the end of last month, on the same day that Boeing touted plans to hire 10,000 people this year, senior leadership convened virtual meetings internally to break bad news to nonunion staff in human resources and finance. Despite the...
read more
Facebook and Instagram have threatened to restrict or ban Project Veritas from their platforms
5. 2. 2023 No Responses

Facebook and Instagram have threatened to restrict or ban Project Veritas from their platforms

Facebook and Instagram have threatened to restrict or ban Project Veritas from their platforms, both owned by Meta, after a journalist confronted a senior YouTube official about the removal of a video about Pfizer’s intention to mutate the COVID virus. ...
read more
The EU Needs More Diesel Fuel, But The Middle East Can’t Supply It All
3. 2. 2023 No Responses

The EU Needs More Diesel Fuel, But The Middle East Can’t Supply It All

The EU is banning—effective February 5—seaborne imports of Russian refined oil products, and it has to replace around 1 million barrels per day (bpd) of Russian fuel imports, including 600,000 bpd-650,000 bpd of diesel. In December, for example, Russia’s...
read more
Shell Reports Record Earnings of $39.9 billion for 2022
2. 2. 2023 No Responses

Shell Reports Record Earnings of $39.9 billion for 2022

Shell just reported adjusted earnings of $39.9 billion for 2022, double the earnings from 2021, becoming the latest Big Oil firm to deliver record profits for last year. Shell’s adjusted earnings doubled to $39.9 billion in 2022 from $19.3 billion in 2021,...
read more
Lebanon to devalue currency by 90% on Feb. 1
31. 1. 2023 No Responses

Lebanon to devalue currency by 90% on Feb. 1

Lebanon will adopt a new official exchange rate of 15,000 Lebanese pounds per US dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years....
read more
Hedge Funds Are Record Short Bonds
30. 1. 2023 No Responses

Hedge Funds Are Record Short Bonds

  2023 started with a buying-panic in bonds (approaching their best start to a year in over 30 years at one point) as confidence grew about The Fed’s terminal rate (not as high as some feared) and a soft landing...
read more
Qatar Investment Authority doubles stake in Credit Suisse
29. 1. 2023 No Responses

Qatar Investment Authority doubles stake in Credit Suisse

The Qatar Investment Authority (QIA) now owns 6.8% of Credit Suisse’s shares, second only to the 9.9% stake purchased by the Saudi National Bank last year as part of a $4.2 billion capital raise. Combined with the 3.15% owned by...
read more
28. 1. 2023 No Responses

Chevron (CVX) posted mixed fourth-quarter results early Friday, missing on earnings views while topping revenue estimates. The energy giant reported record profits and cash flow for 2022, on top of its earlier announcement launching a massive $75 billion share...
read more
Toyota’s CEO To Step Down As New Chief Will Remodel Automaker
27. 1. 2023 No Responses

Toyota’s CEO To Step Down As New Chief Will Remodel Automaker

Akio Toyoda, the CEO of Toyota Motor Corporation and grandson of the company’s founder, is stepping down after leading the world’s largest automaker for 14 years, according to Nikkei Asia. Chief Branding Officer Koji Sato will replace Akio Toyoda ...
read more
Australia Procures UH-60M Black Hawk Helicopters, Replacing MRH-90 Taipan
26. 1. 2023 No Responses

Australia Procures UH-60M Black Hawk Helicopters, Replacing MRH-90 Taipan

The acquisition will be made as part of the Project LAND 4507-1 of the Australian Army, and would be done through US Foreign Military Sales (US FMS) program. The deliveries of the Black Hawk helicopters are expected to start later...
read more
Boeing Tumbles On Unexpected Q4 Loss
25. 1. 2023 No Responses

Boeing Tumbles On Unexpected Q4 Loss

Boeing reported an unexpected loss to end 2022 as the planemaker grappled continued to grapple with high costs that threaten to slow further its already moribund recovery. The aerospace giant reported an adjusted EPS loss of $1.75 in the fourth...
read more
China Becomes World’s Biggest LNG Buyer
24. 1. 2023 No Responses

China Becomes World’s Biggest LNG Buyer

China is rapidly becoming the world’s most dominant force in liquefied natural gas, with Chinese buyers accounting for 40% of recent long-term LNG contracts among global players, according to Nikkei Asia. Take Chinese energy giant Sinopec Group, which ...
read more
Citadel hedge fund recorded $16 Billion Profit, overall hedge funds overall losing $208 billion last year
23. 1. 2023 No Responses

Citadel hedge fund recorded $16 Billion Profit, overall hedge funds overall losing $208 billion last year

And Ken Griffen’s Citadel hedge fund recorded $16 Billion Profit For Clients In 2022. Citadel had a blowout year, and according to the WSJ, had generated about $28 billion in revenue. The impressive number, driven by a 38.1% return at the...
read more
History: The first ETF launched 30 years ago, revolutionizing investing
22. 1. 2023 No Responses

History: The first ETF launched 30 years ago, revolutionizing investing

30 years ago, the launch of the first exchange-traded fund ushered in a new era of investing. Now, the industry is bringing exotic trading strategies to the masses. The SPDR S&P 500 ETF Trust, which tracks the benchmark U.S. stock...
read more
FAA secretly widened the EKG parameter range for pilots so they wouldn’t be grounded
21. 1. 2023 No Responses

FAA secretly widened the EKG parameter range for pilots so they wouldn’t be grounded

FAA loosening its EKG range for pilots while offering no explanation as to why to the public. In the October 2022 version of the FAA Guide for Aviation Medical Examiners, the FAA quietly widened the EKG parameters beyond the normal...
read more
1 … 7 8 9 10 11 … 55