Boeing’s quarterly report set to be released this week is expected to shed light on the aftermath of a midair incident involving a 737 Max 9 plane in January. This incident not only resulted in significant financial losses for the company but also led to heightened scrutiny from federal regulators and a slowdown in production.
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E.W. Scripps, a prominent local TV broadcaster in the United States, has recently announced that it has engaged a financial advisor to assess the interest from potential buyers in acquiring Bounce TV, its over-the-air network focused on African American viewers. The decision to consider a sale comes after Paramount Global’s attempt to sell BET Media
President Joe Biden’s initial plan to forgive student debt was blocked by the Supreme Court last summer, leading his administration to develop a new relief package to withstand legal challenges. The U.S. Department of Education has crafted a more targeted approach to debt forgiveness in the hopes of overcoming previous obstacles. The Biden administration’s revised
Filing taxes can be a stressful experience, especially when the deadline has passed. The federal tax deadline was April 15 for most filers, and missing it can have serious consequences. If you still owe taxes for 2023, you’ll continue racking up penalties and interest until you file and pay your outstanding balance, as per the
Tesla is gearing up to reveal its first-quarter earnings after the bell on Tuesday, with analysts forecasting earnings per share of 51 cents and revenue of $22.15 billion. However, Wall Street predicts a 5.1% decline in revenue compared to the previous year, marking the first year-over-year drop since the Covid-19 pandemic disrupted production in 2020.
The Biden administration has recently rolled out a final rule aimed at tightening the regulations surrounding investment advice provided to retirement savers. The new rule, issued on Tuesday by the U.S. Department of Labor, seeks to ensure that investment recommendations are focused on the best interests of the savers rather than potentially conflicting interests of
Novartis, a Swiss drugmaker, saw its shares rise by as much as 4.8% in early trading on Tuesday. This increase came after the company released its first-quarter results, which exceeded expectations. Net sales for the company rose by 11% in the first three months of the year, while core operating income saw a 22% increase
The Philippines Securities and Exchange Commission (SEC) has taken decisive action against cryptocurrency exchange Binance by ordering Google and Apple to remove the Binance app from their respective app stores. In a press release issued by the SEC, it was stated that Binance was offering unregistered securities to Filipinos and operating as an unregistered broker,
PepsiCo recently reported its quarterly earnings and revenue, surpassing analysts’ expectations despite challenges in the U.S. market. The company’s adjusted earnings per share were $1.61, higher than the expected $1.52, and its revenue stood at $18.25 billion, exceeding the $18.07 billion expected by Wall Street. However, despite these positive figures, PepsiCo’s shares dropped by more
JetBlue Airways faced a major blow as its shares plummeted over 10% in premarket trading following the announcement of a lowered 2024 revenue forecast. The airline revealed that second-quarter revenue is expected to decline by as much as 10.5% compared to the previous year, a figure that caught analysts off guard, as it was more