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Airline companies continue adapting as COVID has caused a revolution in day-trip travel

Flight schedules are changing around the world. Airline companies are reducing and introducing new flights to regulate the trend of corporate travel

7 November 2022
Netflix launched new subscription plan with ad support

A new form of subscription plan is now available for Netflix subscribers and potential customers, with ad support being the main feature of the new plan.

7 November 2022
Lyft to lay off 13% of employees

Due to rising inflation and the risks of an impending recession, Lyft made a statement on the revision of the staffing table and the subsequent dismissal of about 700 employees, which is 13% of the company's total staff.

7 November 2022
Eurozone to discuss economic stimulus amid soaring energy prices

Eurozone finance ministers plan to meet on Monday, Nov. 7, in order to debate on supporting the economy in the context of rising energy prices. Reducing uncertainty over a budget allocation for 2023 may also be on the agenda, so that effective measures can be taken in view of a looming recession.

7 November 2022
Exxon loses 2 billion dollars from the sale of troubled oil assets in California

Exxon Mobil Corp will cover the losses of up to $2 billion. This money was received from the sale of a problematic offshore oil and gas field in California.

7 November 2022
Apple's iPhone shipments from China to drop in December quarter

Apple Inc expects a lower number of shipments of high-end iPhone 14 models. In October, Apple with $2.2 trillion in assets, forecasted that its revenue would fall below 8% in the December quarter.

7 November 2022
Wells Fargo mortgage staff braces for layoffs

According to CNBC, mortgage origination volume has dropped again in recent weeks. As a consequence, there are fears that the bank will have to lay off more workers.

3 November 2022
Amazon stock offers upside potential

Analysts at Tigress Financial maintained a "Buy" recommendation, but lowered their target price on Amazon stock from $232 to $192 to reflect a revised valuation and growth rate adjustment.

3 November 2022
Estee Lauder fell by 10% after lowering its profit forecast

The stock of Estée Lauder (EL), an American cosmetics company, fell by 10% after its announcement of lowering the company’s full-year forecast. According to Estée Lauder’s outlook, adjusted earnings per share (EPS) will be $1.43 on total revenue of $3.93 billion.

3 November 2022
Ford EV market share jumped 2.2% year-over-year

In October, Ford EV market share increased 2.2% year-over-year to 8.9%. Ford is a top 2 EV maker to trail Tesla according to electric vehicle sales.

3 November 2022