McDonald's board announced the growth of its quarterly dividend to $1.52 per common stock. The payment date is Dec. 15, 2022. They are payable to shareholders of record at the close of business on December 1, 2022.
Major banks are preparing for a slowdown in economic growth, but have not yet noticed any serious signs of problems, as consumer spending remains strong.
On Friday, JPMorgan Chase & Co. posted a decline in third-quarter profit. Nevertheless, the bank's earnings beat estimates of analysts. The increase in interest income made it easier to cope with higher loan loss provisions and reduced appetite for new deals.
Wells Fargo & Co. reported a 31% drop in third-quarter profit last Friday, due to rising costs at the bank because of the fake-accounts scandal and an increase in provisions for possible loan losses in preparation for a potential economic downturn.
On Friday, October 14, earnings estimates for Citigroup Inc., i.e. the largest financial conglomerate, exceeded market expectations for the third quarter. The reason is a series of interest rate hikes by the Federal Reserve (Fed), influencing the bank's lending activity.
Bloomberg reports that Amazon shoppers are more likely to order home goods and inexpensive gifts after the first day of the sale than laptops, TVs and other high-priced items.
Tesla is still the most popular electric vehicle brand in Germany.
On Wednesday, it was announced that the Boeing company finalized an order for 10 777-8 model aircraft. The order was placed by Cargolux, a Luxembourgian flag carrier cargo airline, which is one of the most significant Europe airlines of this type. Cargolux has ordered Boeing’s brand new model of a freighter to renew its fleet and replace its 747-400 cargo aircraft.
It is reported that in an attempt to stay afloat amid the recent decline of the personal computer market, Intel intends to lay off numerous employees. Another reason may be the increased costs in recent years. It’s also said that the number of reduced employees could reach several thousand.
Disney is raising prices for its Genie+ service, which allows visitors to the Walt Disney World Resort in Florida and California to avoid waiting in lines for hours on popular attractions. The cost of the service will now vary depending on park occupancy.
