Apple supplier Foxconn, also known as Hon Hai Precision Industry, is based in Taiwan but has factories across mainland China. Sopa Images | Lightrocket | Getty Images BEIJING — Data show that Taiwan d...
Tag: business news
XPO Logistics’ Brad Jacobs discusses stepping down as CEO with Mario Harik to succeed him
XPO Logistics announced Thursday that Mario Harik will be taking over the role of chief executive from Brad Jacobs after the company’s spin-off of its high-tech truck brokerage business in the f...
Warner Bros. Discovery CEO Zaslav embraces linear TV as he plans a streaming future
David Zaslav, President and CEO of Warner Bros. Discovery talks to the media as he arrives at the Sun Valley Resort for the Allen & Company Sun Valley Conference on July 05, 2022 in Sun Valley, Id...
What this ‘play the recovery’ strategy says about hot bond demand
A recent trend in the exchange-traded funds market suggests bond demand is far from cooling. Corporate, government and high-yield bond ETFs saw inflows last month after lower bond prices and higher yi...
Virgin Galactic again delays space tourism flights to second quarter 2023
Carrier aircraft VMS Eve takes off from Spaceport America in New Mexico, carrying spacecraft VSS Unity on July 11, 2021. Virgin Galactic Space tourism company Virgin Galactic on Thursday delayed the b...
AMC to issue preferred stock under the ticker symbol ‘APE’
The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images AMC Entertainment appears to have found a creative solution to boost its s...
DoorDash, Beyond Meat, AMC & more
A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell: DoorDash — S...
CDC estimates 1.7 million gay and bisexual men face highest risk from monkeypox
The Centers for Disease Control and Prevention estimates about 1.7 million men who have sex with men face the biggest threat from monkeypox right now. CDC Director Rochelle Walensky told reporters on ...
Shift to new rocket amid losses, investigation
The company’s LV0010 rocket stands on the launchpad at Florida’s Cape Canaveral ahead of the NASA TROPICS-1 mission. Astra Small rocket-builder Astra said Thursday it would not have any ad...
Beyond Meat (BYND) Q2 2022 earnings
Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Beyond Meat on Thursday lowered its revenu...
Biden administration will declare monkeypox a public health emergency
People protest during a rally calling for more government action to combat the spread of monkeypox at Foley Square on July 21, 2022 in New York City. Jeenah Moon | Getty Images The Biden administratio...
Altice USA targeting private equity infrastructure funds in early Suddenlink sale negotiations, sources say
Dexter Goei, CEO of cable and mobile telecoms company Altice. Benoit Tessier | Reuters Altice USA, the fourth-largest U.S. cable company, is focusing on private equity infrastructure funds as potentia...
Warner Bros. Discovery streaming strategy in focus for Q2 earnings
Leslie Grace attends Warner Bros. Premiere of “The Suicide Squad” at The Landmark Westwood on August 02, 2021 in Los Angeles, California. Axelle/bauer-griffin | Filmmagic | Getty Images In...
Goldman Sachs says regulators are investigating credit-card practices
Goldman Sachs CEO David Michael Solomon attends a discussion on “Women Entrepreneurs Through Finance and Markets” at the World Bank on October 18, 2019 in Washington, DC. Olivier Douliery ...
Visa, Mastercard suspend payments for ad purchases on PornHub, MindGeek
Visa and Mastercard said Thursday card payments for advertising on Pornhub and its parent company MindGeek would be suspended after a lawsuit stoked controversy over whether the payments giants could ...
Coinbase, AMTD Digital, Restaurant Brands, Alibaba and more
A Burger King restaurant seen in Milton, Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making the biggest moves in midday trading on Thursday: Coinbase —...
Burger King parent says more customers are redeeming coupons and loyalty rewards
A Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. Justin Sullivan | Getty Images More customers at Burger King and its sister brands are redeeming coupons and ...
Here are both sides of the argument on why a recession is debatable
If you’re unsure if the U.S. economy is in a recession, you’re not alone. Gross domestic product has declined in back-to-back quarters this year, which is a common signal to market watcher...
UK faces big inflation shock, defends historic hike
LONDON — The Bank of England on Thursday defended its decision to hike interest rates at the fastest clip in 27 years, saying the U.K. faces a “very big” shock to inflation. BOE Governor A...
Wastewater samples outside New York City suggest community spread
Polio virus particle, computer illustration. Kateryna Kon | Science Photo Library | Getty Images Polio has been found in wastewater samples taken from two counties outside of New York City indicating ...
Coinbase shares soar in boost from meme traders, BlackRock crypto deal
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Staple...
Lordstown Motors (RIDE) Q2 2022 earnings and production
Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors assembly plant in Ohio. Michael Wayland | CNBC Embattled electric truc...
2020 changed economy in ways we can’t understand yet
National Guard troops pose for photographers on the East Front of the U.S. Capitol the day after the House of Representatives voted to impeach President Donald Trump for the second time January 14, 20...
Nikola NKLA Q2 2022 earnings
Nikola Motor Company Source: Nikola Motor Company Nikola on Thursday reported revenue for the second quarter that beat Wall Street expectations as it delivered 48 of its electric heavy trucks. The com...
Job cuts, smaller bonuses loom for Wall Street bankers
People walk by the New York Stock Exchange on May 12, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images Investment bankers hit with a collapse in equity and debt issuance this ye...
Restaurant Brands International (QSR) Q2 2022 earnings
A sign is posted in front of a Burger King restaurant on February 15, 2022 in Daly City, California. Justin Sullivan | Getty Images Restaurant Brands International on Thursday reported quarterly earni...
US weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report
A sign for hire is posted on the window of a Chipotle restaurant in New York, April 29, 2022. Shannon Stapleton | Reuters Initial claims for unemployment insurance totaled 260,000 last week, near the ...
Eli Lilly, Cigna, Restaurant Brands and more
Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drug maker’s stock fell 3.6% in the premarket after it missed estimates with its quarterly results and cut its f...
Hyundai to export heavy-duty hydrogen electric trucks to Germany
An XCIENT Fuel Cell truck photographed in South Korea on Nov. 10, 2021. A number of firms in the trucking sector are exploring ways to develop vehicles that use hydrogen. SeongJoon Cho | Bloomberg | G...
Singapore’s largest bank DBS reports Q2 earnings
DBS Group CEO Piyush Gupta said the bank’s wealth management and capital markets businesses continue to see “headwinds,” despite the bank reporting robust second-quarter earnings. &#...