RTX to take $3 billion charge on Pratt & Whitney engine problem
Model of a Pratt & Whitney GTF engine is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. Benoit Tessier | …
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Instacart seeks up to $7.7 billion valuation in IPO
FALMOUTH, MA – APRIL 8: Instacart shopper Loralyn Geggatt makes a delivery to a customer’s home during the COVID-19 pandemic in Falmouth, MA on April 7, 2020. Some Amazon, Instacart …
The CEO of engineering group ABB is ‘pretty pessimistic’ on China
The CEO of Swedish-Swiss multinational industrial and engineering group ABB said he has been “disappointed” by the state of the Chinese market, adding he expects conditions will prove challenging for …
Europe’s biggest carmakers brace for China’s EV challenge
BMW CEO Oliver Zipse speaks during the presentation of the new BMW “New Class” during an event ahead of the IAA motor show in Munich. Picture Alliance | Picture Alliance …
Here’s how a union strike could impact Ford and what Cramer thinks
High-stakes negotiations between the United Auto Workers and Detroit automakers could lead to a strike later this month, putting added pressure on already beaten-down shares of Ford Motor (F). The …
Ripple buys crypto infrastructure startup in its second acquisition of 2023
Cryptocurrency company Ripple announced on Friday it will acquire Fortress Trust, a startup specializing in crypto infrastructure, giving it a license in Nevada and allowing it to expand beyond its …
International travel surges while domestic airfares, hotel rates lag
Women pose for a photo while holding an ice cream at Trevi fountain during hot weather as a heat wave hits Europe in Rome, Italy, July 19, 2022. Guglielmo Mangiapane …
Here’s what Danaher’s latest spin-off means for our position in the stock
Medical equipment giant Danaher (DHR) will officially spin off its environmental-and-applied solutions segment later this month, and our plan is to remain invested in the soon-to-be standalone company, known as …
Saudi Arabia to extend voluntary cut of 1 million barrels per day until the end of the year
Oil prices eased in Asian as concerns over slow demand from top crude importer China grew after bearish trade and inflation data, outweighing fears over tighter supply arising from output …
Goldman Sachs CEO David Solomon hopeful about IPOs
David Solomon, Goldman Sachs interview with David Faber, September 7, 2023. CNBC The upcoming spate of tech IPOs could help kickstart muted capital markets, Goldman Sachs CEO David Solomon told …