August 23, 2022 12:47 pm
The gender pay gap in the United States has been an intensively discussed topic for several decades. TradingPedia‘s research team has decided to look into that matter more closely and present some actual data reflected through different employee characteristics, including occupation, age, education and type of employment. Women engaged in managerial roles in the United […]
Read moreAugust 22, 2022 6:21 am
Wayfair Inc (W) said last week that it would cut nearly 870 jobs (5% of its global workforce), as it seeks to reduce operating expenses and to realign investment priorities. The company said the costs related to the layoffs would be within the range of $30 million to $40 million, mostly due to employee severance […]
Read moreAugust 19, 2022 9:07 am
Tesla Inc (TSLA) announced on Thursday that the delivery waiting time for its Model 3 and Model Y vehicles in China had been reduced, as the company increases production at its Shanghai facility following production line upgrade. The waiting time for the rear-wheel drive Model Y SUV is now cut to 4 to 8 weeks, […]
Read moreAugust 18, 2022 10:39 am
Lowe’s Companies Inc (LOW) on Wednesday warned of a hit to full-year sales and reported an unexpected drop in comparable sales, as demand for tools and paints eased from pandemic highs amid soaring inflation and a return to pre-pandemic work routines. Lowe’s reported a surprise 0.3% drop in quarterly comparable sales, while the median analyst […]
Read moreAugust 17, 2022 10:41 am
CAE said on Tuesday that it had inked an exclusive 15-year agreement with the Qantas Group to develop and operate a new pilot training centre in Sydney, Australia. The 7,000 square-metre CAE Sydney Training Centre is expected to open in early 2024. Having a capacity for up to eight full-flight simulators, the training centre will […]
Read moreAugust 17, 2022 8:14 am
American Airlines Group Inc (AAL) said on Tuesday it had agreed to purchase 20 Overture jets from Boom Supersonic. With the deal, American has become the second major US air carrier to bet on ultra-fast passenger travel in the past two years. The company has made an unspecified non-refundable deposit on the first 20 jets, […]
Read moreAugust 16, 2022 11:51 am
Consumer price inflation in the US slowed to 8.7% in July 2022 from a 41-year high in June 2022 when the inflation rate accelerated to 9.1%, the highest rate since November 1981. According to The Federal Reserve’s economic projection published on June 15th, 2022, the personal consumption expenditures inflation rate is expected to come in […]
Read moreAugust 12, 2022 9:52 am
Petroleo Brasilero SA said yesterday that refinery gate diesel prices would be lowered by 4%, starting August 12th. This has been the second price cut in a week amid a drop in global prices. In a statement on its website, the Brazilian state-run oil company announced its diesel prices would be reduced to 5.19 reais […]
Read moreAugust 12, 2022 7:45 am
Deutsche Telekom on Thursday revised up its annual profit forecast for the second time, as quarterly earnings topped estimates. The company also said that it could accomplish its objective to acquire a majority stake in T-Mobile much sooner than 2024. Total revenue went up 5.9% year-on-year to EUR 28.2 billion in the second quarter, in […]
Read moreAugust 11, 2022 10:24 am
Toshiba Corp (6502) on Wednesday reported a surprise operating loss for its fiscal first quarter. According to Masayoshi Hirata, Toshiba’s Chief Financial Officer, this first quarterly loss in 2 years was a result of rising prices of steel, copper and components sourced from suppliers. “We have been able to only offset about half the impact […]
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