Business

Boeing (BA) released third quarter earnings on Wednesday morning, highlighting the precarious nature of the plane maker ahead of another momentous event: a labor vote set for later Wednesday. Boeing reported a net loss of $6.17 billion, bringing total losses in 2024 so far to nearly $8 billion. It said …

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Coca-Cola’s (KO) third quarter turned out better than expected as consumers continue to be picky with their dollars. On Wednesday morning, the soda giant posted revenue of $11.9 billion, beating expectations of $11.61 billion, though down from $12 billion in the year-ago period. Adjusted earnings came in at $0.77 a …

McDonald’s (MCD) shares tumbled over 6% in premarket trading on Wednesday after the Centers for Disease Control and Prevention said the company’s quarter pounder burgers had been linked to an E. coli outbreak in some states, with most illnesses in Colorado and Nebraska. “This is a fast-moving outbreak investigation,” the …

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With shares up by 2,800% since 2019, Nvidia (NASDAQ: NVDA) demonstrates the life-changing potential of long-term investing. An investor who purchased just $1,000 worth of the stock back then would have $28,000 today. That said, past performance is no guarantee of future returns. Let’s dig deeper to see if the …

(Bloomberg) — Arm Holdings Plc is canceling a license that allowed longtime partner Qualcomm Inc. to use Arm intellectual property to design chips, escalating a legal dispute over vital smartphone technology. Most Read from Bloomberg Arm, based in the UK, has given Qualcomm a mandated 60-day notice of the cancellation …

(Bloomberg) — Bank of America Corp. Chief Executive Officer Brian Moynihan has urged Federal Reserve policymakers to be measured in the magnitude of interest-rate reductions. Most Read from Bloomberg “They were late to the game” in lifting borrowing costs in 2022, Moynihan said in an interview with Bloomberg TV in …

(Bloomberg) — Options traders are increasing bets that Bitcoin will reach a record high of $80,000 by the end of November no matter who wins the US presidential election. Most Read from Bloomberg The implied volatility for Bitcoin options coming due around the Nov. 5 election day is elevated, with …

(Bloomberg) — A selloff in global bonds resumed, weighing on Asian shares as risk appetite stayed subdued given the prospect of less aggressive Federal Reserve interest rate cuts. Most Read from Bloomberg Yields on 10-year Treasuries rose another three basis points after topping 4.2% for the first time since July …