50/FIFTY

Today's stories, rewritten neutrally

FinanceApr 29

Airbus Maintains 2024 Delivery Target of 870 Aircraft Despite Engine Challenges

European aircraft manufacturer Airbus says it remains on track to deliver approximately 870 commercial aircraft in 2024, up from 793 deliveries in 2023.

5 sources
FinanceMar 19

Fed Rate Cut Timeline Extended Following Higher-Than-Expected Inflation Data

Federal Reserve rate cut expectations have been pushed further into the future after inflation data came in above forecasts, with officials projecting cuts in 2026.

5 sources
FinanceMar 21

Tax Policy Developments Show Mixed Results as Refunds Rise, Wealthy Face New Levies

Recent tax data reveals increasing refunds nationally while some states see revenue impacts from new millionaire taxes and corporations disclose more tax information.

7 sources
FinanceMay 18

US Investor Corvex Management Calls for Sale of Whitbread

Corvex Management has urged Whitbread's board to consider a sale, citing performance issues and share price concerns at the Premier Inn owner.

3 sources
FinanceJun 3

GameStop Reports 14% Quarterly Revenue Increase, Announces $2 Billion Share Buyback

Video game retailer GameStop announced a 14% rise in quarterly revenue and unveiled a $2 billion share repurchase program.

2 sources
FinanceJun 2

US awards $134 million to rare earth projects in Louisiana and Oklahoma

The Department of Defense allocated funding to develop domestic rare earth processing capabilities as part of efforts to reduce reliance on foreign suppliers.

2 sources
FinanceMar 19

Ukrainian drone company makes Wall Street debut with significant stock surge

A Ukrainian defense startup backed by Erik Prince saw its stock price jump dramatically in its first day of trading on Wall Street.

8 sources
FinanceJun 2

SEC Defends Musk Twitter Settlement After Judge Questions Agreement

The Securities and Exchange Commission defended its $1.5 million settlement with Elon Musk over delayed disclosure of his Twitter stake after a judge raised concerns.

2 sources
FinanceMay 15

Defense Manufacturing Updates: Contract Awards and Industry Shifts

Multiple defense industry developments include contract awards to U.S. companies and European manufacturers exploring military production.

5 sources
FinanceApr 20

USA Rare Earth to Acquire Brazil's Serra Verde for $2.8 Billion

USA Rare Earth has agreed to buy Brazilian rare earth mining company Serra Verde for $2.8 billion to expand supply chains outside Asia.

4 sources
FinanceMay 7

Federal authorities arrest 18 in Los Angeles drug operation targeting MacArthur Park

Justice Department announces arrests of 18 people in operation against drug trafficking in MacArthur Park area of Los Angeles.

3 sources
FinanceApr 28

Home Insurance Crisis: Millions Uninsured as Costs Soar, State Farm Faces Lawsuits

Millions of U.S. homes lack insurance coverage due to rising costs, while State Farm faces litigation alleging improper claim handling practices.

3 sources
FinanceApr 22

Best Buy CEO Corie Barry to Step Down, Jason Bonfig Named Successor

Best Buy announced CEO Corie Barry will step down in late October, with longtime company executive Jason Bonfig taking over as chief executive.

5 sources
FinanceMay 22

Standard Chartered CEO Apologizes for 'Lower Value Human Capital' Employee Comments

Standard Chartered's chief executive issued an apology after referring to some employees as 'lower value human capital' in internal communications.

4 sources
FinanceMay 17

Kevin Warsh Expected to Face Interest Rate Policy Challenges as Potential Fed Chair

Kevin Warsh is anticipated to confront significant monetary policy decisions regarding interest rates if appointed as Federal Reserve Chair.

2 sources

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