Spirit AeroSystems, a major supplier for Boeing, has decided to put 700 of its employees on temporary leave. This comes as a result of the ongoing strike by machinists at Boeing, which has now lasted for six weeks. The strike started on September 13 when over 32,000 Boeing workers rejected a tentati
Netflix's stock jumped 9% on Friday after the company's third-quarter earnings report showed strong growth in its advertising business. The streaming giant added over 5 million paid subscribers, beating Wall Street's expectation of 3.5 million. However, this figure is a 40% decrease from the same pe
After Russia invaded Ukraine in 2022, Cyprus' banks saw a big drop in business with Russian and Ukrainian companies. They lost around 13,000 clients and 35,000 accounts, totaling about 2 billion euros. This happened because of sanctions from the U.N., EU, U.S., and UK against Russia. The number of
CVS Health has a new captain at the helm. David Joyner steps up to replace Karen Lynch as CEO, hoping to navigate the company through rough waters. The health care giant has been struggling a lot this year, with its stock dropping by about 19%. It's been a tough time for major pharmacy chains, compe
CVS Health has named David Joyner as its new CEO, filling the shoes of Karen Lynch who stepped down after an agreement with the board. Joyner, previously the vice president of CVS Health and president of CVS Caremark, will also join the board. The company believes Joyner's deep understanding of thei
CVS Health has announced the departure of CEO Karen Lynch as the company faces multiple hurdles. Shares have declined 19% this year due to higher healthcare costs, weak drugstore sales, and growing investor concerns. The company also revised its third-quarter earnings forecast downward. David Joyner
CVS Health has swapped CEOs following pressure from investors, including activist Glenview Capital. The company's shares have taken a nosedive, down nearly half since 2022 highs. CVS’s latest move comes after repeated cuts to profit forecasts due to rising healthcare costs and competition in its ret
TSMC, the giant chip maker from Taiwan, has promised to take quick action if it's found not following rules about selling chips to Huawei. The U. S. has strict laws against selling high-tech chips to Huawei. TSMC said this after news broke that the U. S. Commerce Department was looking into whether
Ever wondered how the tech giant Microsoft is doing? Well, the latest buzz is all about their quarterly earnings report coming up soon. Experts like Daniel Sereda, who works for a family office investing across continents, are busy sifting through mountains of data to get a clear picture. Why shoul
In the ongoing tension between the US and China, a cybersecurity group in China has raised alarms about Intel's chips. The Cybersecurity Association of China (CSAC) says Intel's chips have frequent problems that threaten national security. They claim these chips can be hacked through backdoors creat
