Republican presidential nominee and former U.S. President Donald Trump (L), and Vice President Kamala Harris. Reuters The nation's wealthy opened their wallets in August with a focus on election season, donating millions to the super PACs backing Vice President Kamala Harris, former President Donald Trump and Democrats and Republicans...
Boeing’s defense unit chief Colbert is departing, CEO says
Former CEO for Boeing's defense, space and security subdivision Ted Colbert speaks during a press conference in Dubai on Nov. 16, 2019. Karim Sahib | AFP | Getty Images The head of Boeing's defense unit Ted Colbert is leaving the company effective immediately, said CEO Kelly Ortberg, marking his...
FedEx quarterly profit disappoints as demand for speedy delivery wanes
Miami Beach, Florida, FedEx Express delivery van parked, driver unloading box dolly. Jeff Greenberg | Universal Images Group | Getty Images FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper,...
The Fed has set out on a ‘recalibration’ of policy. Here’s what Powell’s new buzzword means
Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a "recalibration" of policy at a pivotal moment for the central bank. At his news conference following Wednesday's open market committee meeting, Powell used variations of the word no fewer than eight times as...