After years of stumbles and weak results, Boeing said Wednesday it expects to return at mid-decade to operational health and a more robust financial performance.. "We are on the right path to return to the operational and financial strength we expect of ourselves," said Chief Executive Dave Calhoun at the outset of the company's first investor day since 2016.
A year is a long time in the history of OnlyFans, an online platform where people sell erotic photos and videos to their subscribers.. She said OnlyFans and similar sites encourage the idea that "selling photos of your body is a way to make ends meet".
Italian luxury sports car manufacturer Ferrari said Wednesday it had raised its 2022 earnings guidance after posting double-digit gains in sales and earnings.. Chief executive Benedetto Vigna said "all these lead us to revise upward our 2022 guidance on all metrics."
Germany on Wednesday put the finishing touches on an energy price cap, the cornerstone of a massive 200-billion-euro ($198-billion) package to shield households and businesses from rising costs.. - European discontent - Germany, long reliant on Moscow for energy imports, has been hit hard by the sharp rise in prices since the invasion of Ukraine and the cut to supplies.
The Federal Reserve opened its final day of deliberations Wednesday, which is expected to bring another steep interest rate hike as it tries to cool the economy amid intense political pressure ahead of next week's midterm elections.. But it will be challenging for Fed Chair Jerome Powell to signal the policy-setting Federal Open Market Committee (FOMC) is mulling a step-down from its current path, while reaffirming the commitment to bring cool inflation pressures.
British luxury carmaker Aston Martin Lagonda on Wednesday revealed its third-quarter net losses more than doubled on supply-chain disruptions, offsetting accelerating sales.. Aston Martin faced "supply chain and logistics disruption as well as inflationary pressures impacting the broader automotive industry" which delayed car deliveries and ramped up costs, noted chairman Lawrence Stroll.
New Twitter owner Elon Musk said Wednesday that it will be "a few more weeks" before any banned accounts -- such as that of former US president Donald Trump -- may be restored on the platform.. Since Musk took Twitter private last week, Trump has suggested he would be happier sticking with his own Truth Social messaging platform.
Private US companies hired more workers than expected in October, as restaurants and retailers stepped up hiring ahead of the festive season, according to data from payroll firm ADP Wednesday.. "This is a really strong number given the maturity of the economic recovery but the hiring was not broad-based," said ADP chief economist Nela Richardson.
A lobbyist who leaked thousands of compromising documents on Uber will on Wednesday detail his efforts to bring change to one of the world's leading companies at an annual tech summit in Lisbon.. Reports based on his leaks alleged the company had obstructed justice and sent drivers to protests without concern for their safety, though Uber denied this and said the accusations were outdated.
US central bankers are expected to announce another steep interest rate hike Wednesday as they try to prevent soaring inflation from becoming ingrained, but politicians are piling on the pressure in the final days of the midterm elections.. - Political pressure - As central bankers walk a tightrope fighting inflation while avoiding tipping the economy into a recession, politicians are ramping up pressure on Fed officials amid growing worries of a downturn.
