Month: October 2023
JetBlue sinks to 12-year low as airline forecasts more losses, Spirit antitrust trial begins
The JetBlue drop-off area at New York’s LaGuardia Airport on Oct. 31, 2023. Leslie Josephs/CNBC JetBlue Airways stock tumbled to a nearly 12-year low Tuesday as the company forecast a loss for the fourth quarter and heads to court to defend its acquisition of budget carrier Spirit Airlines, a purchase it argues is crucial to […]
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UAW strikes cost Stellantis about $3.2 billion in revenue
United Auto Workers members rally outside Stellantis’ Ram 1500 plant in Sterling Heights, Michigan, after the union called a strike at the plant on Oct. 23, 2023. Michael Wayland / CNBC DETROIT — Labor strikes by the United Auto Workers union cost Stellantis about $3.2 billion, or 3 billion euros, in lost revenue through October, […]
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Saudi Arabia established to host 2034 Entire world Cup immediately after Australia decides not to bid
Saudi Arabia looks set to be the host of the 2034 Entire world Cup right after the only other place to have shown an curiosity in web hosting — Australia — built a last-minute selection not to bid. “We have attained the summary not to do so for the 2034 level of competition,” a statement […]
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Beer huge AB InBev beats forecasts, but Bud Light-weight boycott proceeds to hit U.S. revenues
Bud Gentle, created by Anheuser-Busch. Joe Raedle | Getty Images Anheuser-Busch InBev, the world’s most significant brewing organization, on Tuesday defeat expectations for the 3rd quarter, in spite of an ongoing drag from controversy surrounding its on-line Bud Mild marketing campaign. Revenue rose 5% in excess of the period to $15.57 billion, ahead of a enterprise-compiled […]
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Chinese tech giant Alibaba launches upgraded AI product to obstacle Microsoft, Amazon
An Alibaba Group indicator is found at the Environment Artificial Intelligence Meeting in Shanghai, July 6, 2023. Aly Track | Reuters Alibaba on Tuesday released the hottest version of its artificial intelligence model, as the Chinese technological know-how large seems to be to compete with U.S. tech rivals this kind of as Amazon and Microsoft. […]
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Euro zone inflation drops to two-calendar year minimal in October financial state shrinks in 3rd quarter
People today appear at the banking district skyline with the Commerzbank creating (2ndR) during sunset in Frankfurt am Key, western Germany, on September 25, 2023. (Image by Kirill KUDRYAVTSEV / AFP) (Photo by KIRILL KUDRYAVTSEV/AFP by means of Getty Photos) Kirill Kudryavtsev | Afp | Getty Visuals Inflation throughout the euro zone dropped to a […]
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Pfizer swings to quarterly loss due to Paxlovid, Covid vaccine write-offs
CFOTO | Future Publishing | Getty Images Pfizer on Tuesday reported a narrower than expected loss for the third quarter as the drugmaker recorded charges largely related to struggles for its Covid antiviral treatment Paxlovid and Covid vaccine. Pfizer said that it recorded a $5.6 billion charge for inventory write-offs in the third quarter due […]
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Sam Bankman-Fried has 1 a lot more shot at steering clear of prison as legal trial set to wrap up
FTX Founder Sam Bankman-Fried comes at Manhattan Federal Court for a court docket visual appeal in New York, United States on June 15, 2023. Fatih Aktas/ | Anadolu Agency | Getty Photographs Sam Bankman-Fried, who pleaded not guilty to criminal fraud prices tied to the collapse of his crypto empire, has a single previous chance […]
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Winners and losers of the UAW talks with GM, Ford and Stellantis
President Joe Biden speaks next to Shawn Fain, president of the United Auto Workers, as he joins striking members of the union on the picket line outside GM’s Willow Run Distribution Center in Bellville, Michigan, Sept. 26, 2023. Evelyn Hockstein | Reuters DETROIT — A tentative deal Monday between the United Auto Workers and General […]
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Ukraine war live updates: Putin says the West is to blame for mob storming Russian airport; U.S. calls the accusation ‘absurd’
Russia detains two soldiers suspected of killing nine civilians in eastern Ukraine Russian investigators in part of eastern Ukraine controlled by Moscow said late on Monday that they had detained two soldiers on suspicion of killing a family of nine people, including two children. The statement said the soldiers were from a region in Russia’s […]
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