Boeing (BA.N) claimed victory on Thursday after outselling rival Airbus (AIR.PA) at this week's Farnborough Airshow, where the world's largest planemakers repeated last year's comparable haul of around 900 orders with the help of leasing industry demand. The world's largest planemaker said it had won 528 orders and commitments at the event in southern England, while Airbus reported 431 new deals, or 371 excluding the recently acquired Bombardier CSeries, now rebranded A220. Airbus blamed the incognito wave on trade tensions that had made some firms nervous about appearing to side with the United States or other economic powers amid heated trade rhetoric.
Comcast's withdrawal is a concession to Walt Disney Co (DIS.N), which last month sweetened its offer for the Fox assets to $71.3 billion, in a bid to unite two storied Hollywood studios and several television networks under one corporate umbrella. Comcast's move de-escalates one of the media industry's most high-profile confrontations, which pitted Comcast Chief Executive Brian Roberts against Fox Executive Chairman Rupert Murdoch and Disney CEO Bob Iger.
Most millennials, Gen Xers, and baby boomers believe the American Dream is still attainable, according to the Bank of the West's 2018 Millennial Study. All three generations define the American Dream the same way: owning a home, being debt-free, and retiring comfortably. Nearly 60% of respondents surveyed in Bank of the West's 2018 Millennial Study believe they have attained the American Dream or believe that it's still attainable today.
U.S. President Donald Trump on Thursday criticized the European Union and said the bloc was taking advantage of the United States, pointing to the record $5 billion fine European antitrust regulators imposed on Google. EU officials on Wednesday also ordered Google to stop using its popular Android mobile operating system to block its rivals, adding to trade tensions between Washington and Brussels. European Commission President Jean-Claude Juncker is scheduled to meet with Trump at the White House next Wednesday to discuss trade and other issues.
Apple recently released new MacBook Pro models, which can be configured with Intel's Core i9 processor. You'll have to put the brand-spanking-new 2018 MacBook Pro with Intel's Core i9 processor in a freezer to get the advertised 2.9 GHz speeds. At least, that's what Dave Lee from the Dave2D YouTube channel did to get the most out of his.
Bank of New York Mellon Corp's said its second-quarter results were hurt by the loss of two clients, which will continue to have an impact over the next few quarters. Shares of the world's largest custodian bank fell about 2 percent to $54.56 in premarket trading. "We are also in the process of onboarding several large clients, which will positively impact our results, starting predominantly in the second half of next year," Chief Executive Charles Scharf said on a post-earnings conference call.
U.S. President Donald Trump thanked two major drug companies on Thursday for not raising their prices and said his administration was working toward substantially cutting prescription-drug prices. "Thank you to Novartis for not increasing your prices on prescription drugs. Earlier this month Trump was able to persuade Pfizer CEO Ian Read to defer the company's planned price hikes, explaining in a call the company had complicated the administration's drug pricing plans.
Facebook CEO Mark Zuckerberg took harsh criticism on Wednesday after saying that the social network won't ban Holocaust deniers from Facebook. The Anti-Defamation League tweeted that Facebook has a moral and ethical obligation not to allow Holocaust deniers to spread their ideas on the platform.
Three top officials who helped steer the U.S. through the financial crisis a decade ago warned Tuesday that, while the banking system has clearly been strengthened, policymakers might find it harder to deal with the next crisis. At a recent round-table discussion with reporters at the Brookings Institution, Former Fed Chair Ben Bernanke and former Treasury Secretaries Henry Paulson and Timothy Geithner expressed concern than policymakers would be more constrained, and have weaker emergency powers, in responding to the next large-scale crisis.
President Donald Trump entertained a proposal from Vladimir Putin to let Russian authorities question the former U.S. ambassador to Moscow, Michael McFaul, White House Press Secretary Sarah Huckabee Sanders said Wednesday. Trump made no commitments to the Russian leader when Putin raised the idea at a private meeting in Helsinki on Monday and is “going to meet with his team,” Sanders said. In exchange, the Russian president offered to allow Special Counsel Robert Mueller to observe interrogations of 12 Russian intelligence agents indicted by a U.S. grand jury last week for hacking Democratic Party email accounts.
BGC Partners Inc.’s Richard Anthony is a diehard Knicks fan who has long had courtside seats for a basketball team that’s known for annoying New Yorkers with its struggles. A BGC brokerage unit was fined $1.25 million by the Securities and Exchange Commission Tuesday over allegations that included failing to appropriately report sports tickets and travel expenses as compensation. The perks included one broker receiving $600,000 a year in free athletic tickets and $100,000 for an international birthday celebration, according to the SEC.
Nearly a week after Broadcom Inc (NASDAQ: AVGO ) stock crashed following the announcement of a puzzling .9 billion buyout of CA, Inc. (NASDAQ: CA ), Broadcom is still getting hate from Wall Street. The ...
You should instead invest your excess savings in the stock market for the best returns, NerdWallet's retirement and investing specialist Arielle O'Shea recommends. The easiest way to put your savings to work is through a 401(k), which invests your money in stocks through low-cost index funds or exchange-traded funds. The average American is holding more than $32,000 in cash, a new study from NerdWallet found.
U.S. Rep. Martha Roby won Alabama's Republican runoff, fighting through lingering fallout from her years-old criticism of then-candidate Donald Trump in a midterm contest that hinged on loyalty to the GOP president. The four-term incumbent will now represent the GOP on the November ballot having defeated Bobby Bright, a former Democrat who tried to cast himself as the more authentic Trump ally in the low-turnout Republican contest. The Trump White House was on Roby's side.
Connie Chan, a Silicon Valley venture capital focused on consumer tech and China, was promoted to general partner at her firm Andreessen Horowitz on Tuesday. Venture capitalist Connie Chan is known in Silicon Valley for her expertise on the Chinese tech market.
Two new photos posted to Slashleaks supposedly show the Samsung Galaxy Note 9 coming later this year. If the photos are accurate, the Galaxy Note 9 is going to look pretty similar to the Galaxy Note 8. This isn't a bad thing — the Galaxy Note 8 is a very nice-looking smartphone.
Breaking news- Japan is facing a crisis... No it's not the demographic crisis- it's a ninja crisis... Japan is facing a ninja performer shortage to be exact. NPR's "Planet Money" visited the small city of Iga in central Japan that claims to be the birthplace of the ninja. The city depends heavily upon tourism and each year the city grows by 30,000 with the annual ninja festival. But it's hard to find ninja's given Japan's low unemployment rate of 2.5% So if looking for a unique job think about becoming a Ninja the pay is quite competitive between $23-$85 which is a lot more than real ninjas used to earn in medieval Japan.
The White House Office of Management and Budget on Friday released its updated annual budget request, known as the mid-session review. The numbers don’t mean much given that the president’s budget won’t be enacted — but they do contain what the Committee for a Responsible Federal Budget calls “a very big trillion-dollar admission.” Namely, the White House’s own deficit projections keep rising, thanks to the recently passed tax cuts and spending increases. The updated budget now includes a projected 2019 deficit of $1.085 trillion, up from $984 billion in February — and more than double the $526 billion the White House called for in its 2018 budget.