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Boeing reports unexpected losses on troubled Air Force One program

On Wednesday, Boeing announced it would spend additional $766 million in costs on the deal for new Air Force One aircrafts negotiated in 2018. Under this agreement, the company will build two new presidential aircrafts.

27 October 2022
Ford and Volkswagen are leaving the Argo AI automated vehicle project

Once again, the roadmap for self-driving cars will be rewritten, and this time by Ford Motor Co. and Volkswagen AG.

27 October 2022
The ruble wins back losses in view of MinFin’s OFZ bond auctions

According to Reuters, the ruble was able to recoup earlier losses due to recent events. This result was facilitated by the Ministry of Finance auctions on placement of treasury bonds, as well as the retreat of the basic Russian stock index from more than a month high.

27 October 2022
Harley’s results exceeded expectations due to the motorcycle shipment growth

On Wednesday, Harley-Davidson Inc announced its higher-than-expected earnings for the 3rd quarter. As a result, the company’s stock has grown, also spurred by increased consumer demand for some popular motorcycle models, as well as by the rise in prices during the summer season.

27 October 2022
Merck CEO will take charge of the company’s chairman

On Wednesday, the company Merck & Co announced that Ken Frazier leaves the post of chairman. He will be replaced by Chief Executive Officer Rob Davis, who has taken on extra responsibilities on December 1.

27 October 2022
Alphabet's quarterly results are disappointing

Until recently, Alphabet could please the bulls with reports of high, above-expected sales and income levels, however, it didn’t last long.

27 October 2022
Apple sales may face inflationary pressures and weakening demand

Recently released Apple Inc's earnings report may show the best quarterly sales growth for the iPhone series this year, but it could also portend a difficult holiday season as smartphone demand slows in China and inflation hits multi-year highs.

27 October 2022
Visa financial results beat expectations as travel demand grew

On Tuesday, Visa Inc. reported quarterly financial results that beat analysts' estimates. According to Bloomberg, a stronger dollar made it possible for more Americans to travel to other countries and led to a surge in spending on shopping and entertainment.

26 October 2022
Google’s advertising business has slowed down its growth at risk of recession

The current economic situation demonstrates that even giants of digital advertising like Google aren’t immune to a destructive influence of economic downturn and recession risks. On Tuesday, the company presented its 3rd-quarter earnings report, which didn’t meet analysts’ expectations.

26 October 2022
Ruble decreases on the completion of the tax payments period

On Tuesday there was a slight decrease of the Russian ruble against the dollar.

26 October 2022