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PDD Holdings, the Chinese parent company of e-commerce platforms Pinduoduo and Temu, failed to meet third-quarter revenue and profit expectations, as consumer spending in China remains under pressure. Promotional discounts and low-cost offerings, while attracting some attention, fell short of ...
Boeing’s October Deliveries Plunge Amid Strike Fallout, Major …
2024年11月12日 — Boeing is grappling with the aftermath of a 53-day machinist strike that disrupted production across its key aircraft programs, with over 32,000 union workers now set to return to factories by November 12. While the machinists have approved a new contract that includes a 38% pay raise over four years, the company warns that getting production back to full speed will take weeks.
IMF Raises U.S. Growth Forecast Amid Global Concerns, Cuts …
2024年10月23日 — The International Monetary Fund (IMF) has raised its 2024 economic growth forecast for the U.S. while trimming expectations for key global players such as China and the eurozone. The updated World Economic Outlook, released on Tuesday, projects U.S. growth at 2.8%, up two-tenths of a percentage point from July's forecast.
China Rejects U.S. Defense Meeting Amid Taiwan Arms Sale Tensions
5 天之前 — China's refusal to meet with U.S. Defense Secretary Lloyd Austin this week has further strained the already fraught relationship between the two nations' defense leaders. The rejection came as Austin attended the ASEAN Defense Ministers' Meeting-Plus in Laos, an event often used for high-level dialogues. Beijing's decision highlights its protest against a recent $2 billion U.S. arms sale to ...
GM Reports Strong Q3 Earnings, Raises Profit Forecast for Third …
2024年10月23日 — General Motors (GM) delivered stronger-than-expected third-quarter earnings on Tuesday, raising its full-year profit forecast for the third time this year. The automaker's results were buoyed by robust vehicle sales, higher transaction prices, and a renewed focus on cost-cutting initiatives. The company reported a 10% rise in revenue to $48.78 billion, far surpassing analyst estimates of $44. ...
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The Business Times is a trusted source of real-time news, intelligence and analysis on the forces reshaping global and national economy. Business Times, is a digital global news publication which initially founded in 2009 and headquartered in Beijing, and moved the operation to New York City in March, 2020.
Texas Advances Bible-Integrated Curriculum for Elementary …
5 天之前 — The Texas State Board of Education has taken a significant step toward integrating Bible-focused lessons into the state's elementary school curriculum, sparking heated debate over the role of religion in public education. In a preliminary vote held Tuesday, the board narrowly approved the controversial "Bluebonnet Learning" curriculum, which incorporates teachings from the Bible, including the ...
Biden Administration Loosens Immigration Rules, Sets Stage for …
4 天之前 — The Biden administration is implementing a series of last-minute immigration policy changes that critics argue could complicate the incoming Trump administration's plans for stricter border enforcement and mass deportations. Among these measures is the introduction of a controversial ICE Portal app ...
Oil Prices Rebound After Steep Decline Amid China's Stimulus …
2024年10月22日 — Oil prices rebounded on Monday, regaining some of the losses from last week's steep sell-off as investors responded to China's economic stimulus measures and easing concerns over potential supply disruptions in the Middle East. Brent crude futures rose by $1.05, or 1.4%, to $74.11 per barrel, while U.S. West Texas Intermediate (WTI) crude climbed $1.21, or 1.8%, to $70.43 per barrel by midday ...
Boeing Faces $1 Billion Labor Deal as Striking Workers Prepare to …
2024年10月22日 — Boeing Co. (BA.N) is on the brink of resolving a labor strike that has crippled its production for more than five weeks. However, the financial and operational costs loom large, with analysts estimating that the proposed new contract could add over $1 billion to the company's wage-related expenses over four years. The contract is set for a critical vote on Wednesday, coinciding with Boeing's ...