Boeing, one of the world’s largest aerospace manufacturers, faces significant challenges as it welcomes back over 32,000 machinists who had been on strike for more than seven weeks. The protest ended after an agreement on a new contract that promises a staggering 38% pay raise over four years. However, the return of these key employees
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In a significant stride towards innovation within the e-commerce landscape, Alibaba, the renowned Chinese e-commerce powerhouse, has introduced Accio—a groundbreaking artificial intelligence (AI)-powered search engine tailored specifically for small and medium-sized enterprises (SMEs) in Europe and the Americas. This newly unveiled tool is aimed at transforming how these businesses source supplies and manage procurement. Drawing
SoftBank, the prominent Japanese technology investment giant, demonstrated a significant turnaround in its fiscal performance during the second quarter ending September 30. Reporting a remarkable gain of 608.5 billion yen (approximately $3.96 billion) from its Vision Fund, the company reversed a previous trend of losses and marked a notable improvement compared to the first quarter’s
General Motors (GM) is showcasing compelling performance within the automotive sector this year, emerging as a key player that consistently surpasses Wall Street’s earnings forecasts. As of the latest reports, GM shares have skyrocketed by approximately 54.7%, setting the company apart not just from legacy rivals like Ford but also from electric vehicle (EV) manufacturers
The financial markets are like a living organism, constantly evolving and adapting to external and internal forces. This living nature of the market is particularly evident during pivotal moments like elections, fiscal policy changes, and technological advancements. In a recent session of the CNBC Investing Club led by Jim Cramer, we saw distinct traits of
The aftermath of the 2024 presidential elections has sent ripples through the financial markets, with significant upticks in major indices such as the Dow Jones Industrial Average and the S&P 500. This surge coincided with the Federal Reserve’s announcement of a new interest rate cut, a move that historically tends to stimulate investor confidence. Yet,
The financial landscape is poised for a significant shift as we witness the transition of power to President-elect Donald Trump. His administration carries the promise of pro-business reforms that, according to financial experts, may unlock unprecedented growth potential for the stock market. Renowned finance professor Jeremy Siegel from the Wharton School believes that Trump could
The election of Donald Trump as president has stirred a mix of emotions and expectations among individual investors. Following the announcement of his victory, the stock market experienced a significant surge, marked by the Dow Jones Industrial Average breaching the 44,000 mark for the first time. However, experts in the financial sector advise caution. The
Singapore Airlines recently reported a significant drop in its net profit for the first half of the fiscal year, leading to a rocky start for its shares in the stock market. The airline’s profits plummeted nearly 50%, recording a net profit of just 742 million Singapore dollars (approximately $559 million) for the April to September
In the tumultuous world of mortgage financing, recent trends reveal a concerning rise in mortgage rates, marking the fourth increase in five weeks. This upward trajectory has resulted in a modest yet telling pullback in refinancing activities. According to the latest report from the Mortgage Bankers Association, the total volume of mortgage applications has remained