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Stock Market Update: Markets saw an uptrend, with significant movements in shares of Ford and Snap following their quarterly results. Investors awaited remarks from policymakers regarding interest-rate cuts.
Aerospace and Aviation: Boeing expects no meaningful delays in plane deliveries to India despite scrutiny of its 737 jets production program. An Atlas Air Boeing 747-8 cargo plane made an emergency landing in Miami after an engine malfunction.
Banking: Citizens Financial Group and US Bancorp raised a total of $4.75 billion selling bonds, indicating confidence in regional banks.
Automotive: Cummins, Daimler Trucks & Buses, and PACCAR selected Marshall County, Mississippi, as the site for advanced battery cell manufacturing.
Microsoft Corporation (MSFT: NSD) has unveiled a new subscription plan – Copilot Pro – designed to cater to individuals and small businesses. This launch represents a significant shift from Microsoft’s traditional focus on large enterprises, marking its foray into a broader market segment.
UBS Group AG (UBS: NYE) has faced tough competition from Credit Suisse for years, but the discontinuation of the investigation is expected to give UBS an edge in attracting new clients and investors, ultimately boosting its profitability.
UBS Group AG (UBS: NYE) has faced tough competition from Credit Suisse for years, but the discontinuation of the investigation is expected to give UBS an edge in attracting new clients and investors, ultimately boosting its profitability.
In the aftermath of FedEx Corp’s second-quarter financial results for 2024, the market responded with a notable downturn, with shares plummeting more than 10% in the after-hours session on Tuesday. The disappointment stemmed from the company’s failure to meet Wall Street’s expectations on both adjusted earnings per share (EPS) and revenue.
Rivian Automotive Inc. (RIVN: NSD) intends to raise $15 billion through a bond offering to support the construction of its new manufacturing plant in Georgia. The plant is expected to begin production in 2024 and will have the capacity to produce up to 4 lacs vehicles per year.