November 12, 20240 Comments

Stocks fall as rally pauses, yields climb on Trump policy worry By Reuters

By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks declined on Tuesday after advancing for five straight sessions while the dollar hit its highest level in over six months as investors weigh the impact of U.S. President-elect Donald Trump’s likely path of policies. Investors have flocked in to assets expected to benefit from Trump policies for his second term in office, after he pledged to impose high

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November 12, 20240 Comments

Spirit Aero gets planemaker help to prop up weak finances By Reuters

By David Shepardson, Allison Lampert and Tim Hepher (Reuters) -Spirit AeroSystems said on Tuesday it would receive up to $350 million in advance payments from its largest customer Boeing (NYSE:), giving the struggling supplier a lifeline as it burns cash after four consecutive years of losses. The Wichita, Kansas-based aerostructures giant is also on the verge of an agreement for a smaller amount of fresh funding and revised payment terms

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November 12, 20240 Comments

Italian Sea Group says it is not liable in Mike Lynch yacht sinking By Reuters

ROME (Reuters) – Italian Sea Group is not liable in relation to the fatal sinking of Mike Lynch’s superyacht, which killed the British tech billionaire and six others, its chief executive said on Tuesday. The Bayesian was built in 2008 by Perini Navi, an Italian luxury yacht maker that is now owned by the Milan-listed Italian Sea Group. The yacht sank in August after it was hit by a violent

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November 12, 20240 Comments

Canada moves to end disputes at ports of Vancouver and Montreal By Reuters

OTTAWA (Reuters) -Canadian Labour Minister Steven MacKinnon said on Tuesday he had directed the country’s labor relations board to order an end to disputes at the ports of Vancouver and Montreal, citing the economic damage inflicted. The move marked the second time in a few months that the Liberal government has stepped in to end a dispute. In August it ordered an end to work stoppages at the country’s two

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November 12, 20240 Comments

Netflix’s ad-supported tier hits 70 million users By Reuters

(Reuters) -Netflix said on Tuesday its ad-supported tier had reached 70 million monthly active users globally, nearly doubling from about six months earlier as customers seek more affordable options. The plan, priced at $6.99 per month in the U.S., now accounts for more than half of all new Netflix (NASDAQ:) sign-ups in regions where it is available. It reached 40 million global monthly active users in May. Netflix’s cheapest plan

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