Spirit AeroSystems will tell employees on Friday that it will furlough 700 workers for 21 days as an over month-long strike at U.S. planemaker Boeing eats into the supplier’s cash and inventory space, a spokesperson told Reuters. The furloughs will affect Spirit Aero employees working on Boeing’s 767 and 777 widebody jet programs. Production of
Netflix's ad-tier memberships jumped 35%. The company is on track to launch the service in Canada in the coming quarter and more broadly in 2025. Read More
PPG – a global manufacturer of paints, coatings, and specialty materials – is laying off nearly 2,000 workers as it trims operation costs and sells off a chunk of its architectural business. The cuts will impact about 1,800 positions, primarily in the U.S. and Europe. PPG didn’t disclose when the layoffs would occur. The Pittsburgh,
Travelers reported a nearly three-fold jump in third-quarter profit on Thursday, as higher underwriting gains and investment income more than offset steep catastrophe losses. Read More
Despite subsequent rallies, the steep stock-market declines in early August and following volatility highlight the damage that Biden-Harris administration policies are inflicting on U.S. markets with dire consequences for the retirement savings of Americans who are not government employees with pensions. These destructive policies need to be reversed as soon as possible to protect the
Whether Netflix plans to raise prices of its streaming subscriptions in the future has been raised yet again as its soon-to-be-released third-quarter results approach. Netflix subscribers in the U.S. have to pay a monthly fee of $6.99 for its ad-supported plan, while the Standard and Premium tiers are $15.49 and $22.99 per month. Both of
Donald Trump has big plans for the vast federal regulatory infrastructure, like blowing it up (figuratively). That’s the word from Byron Donalds, the Republican congressman from Florida and a prominent member of the House Financial Services Committee who spoke at crypto venture capital firm BlockTower’s investor day Wednesday. Donalds revealed that he shared a plane
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