Boeing reported a $5.3 billion third-quarter loss, largely from a charge tied to delaying the 777-9 to 2027, even as other metrics brightened: revenue topped $23 billion, production of the 737 Max increased, and free cash flow turned positive for the first time since 2023. Shares were little changed. CEO...
After nearly two hours of talks, the US and South Korea said they reached a broad trade deal: reciprocal tariffs will fall from 25% to 15%, and Seoul will invest $350bn in the US, including $200bn in cash and $150bn in shipbuilding, a presidential aide said. President Donald Trump called...
U.S. stocks pointed higher premarket Wednesday as investors eyed corporate earnings and a Federal Reserve decision expected to deliver a 25-basis-point cut amid scant data and a slowing job market. Futures for the S&P 500, Dow and Nasdaq rose after all three hit record highs, while Nvidia jumped again, touching...
After no ticket matched all six numbers Tuesday night, the Mega Millions jackpot rose to $754 million, the year’s second biggest lottery prize. The eventual winner would collect far less after taxes and deductions. The next Mega Millions drawing is Friday night; Powerball sits at $376 million with a Wednesday...
Paramount’s new regime courted Taylor Sheridan on his Texas ranch after the Skydance-Paramount merger, but the prolific hitmaker instead signed with NBCUniversal in a deal worth up to $1 billion, with film work beginning next year and a five-year TV pact starting in 2029. Sources cite friction over rejected scripts,...
President Donald Trump in Gyeongju to press a trade deal with South Korea, but talks are slowing over his demand for $350 billion in U.S.-bound investment. Seoul prefers loans, guarantees and a currency swap line, saying a direct cash injection could destabilize its economy. The impasse contrasts with pledges of...
Microsoft closed up 2% at $542.07, lifting its market value to $4.04 trillion and returning it to a small club that includes Nvidia—and briefly, on Tuesday, Apple. The gain followed OpenAI’s move to convert into a public benefit corporation after Delaware and California attorneys general said they would not oppose...
Stocks notched records Tuesday as investors crowded into the AI trade ahead of the Federal Reserve’s rate decision. S&P 500, Nasdaq, and Dow set all-time intraday highs, with Nvidia jumping about 5% after unveiling moves at its GTC event, including a $1 billion stake in Nokia to help fund its...
After months of a 'no hire, no fire' job market, sweeping cuts at Amazon, UPS and Target are shifting the tone. Amazon will cut 14,000 jobs as it leans into AI; UPS says its workforce is down 48,000 from a year ago; Target plans 800-plus Minnesota layoffs amid a wider...
Amazon will cut thousands of corporate jobs, blaming AI's rapid shift, according to a memo from SVP Beth Galetti. The move, despite strong profits, aligns with layoffs at Salesforce (4,000), Lufthansa (4,000) and Chegg (45% of staff, 388 roles) tied to efficiency claims and strategy changes. Experts told ABC News...
