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Ford’s Quarterly Profit Is Up Nearly 20% From a Year Earlier

Business NY Times - July 28, 2022

Overcoming the worst of a global chip shortage, the automaker sold more cars and trucks, and prices were higher. » mehr lesen

Meta Reports First Revenue Decline and 36 Percent Profit Drop

Business NY Times - July 28, 2022

It was the first time the social media giant’s revenue had fallen since it went public a decade ago, as it confronts increased regulatory scrutiny and a turbulent economy. » mehr lesen

Fed Raises Rates by Three-Quarters of a Percentage Point

Business NY Times - July 28, 2022

The central bank made its second consecutive increase of three-quarters of a point as it tries to combat the fastest pace of inflation in 40 years. » mehr lesen

Lufthansa Cancels Nearly All Flights in Frankfurt and Munich, Stranding 130,000

Business NY Times - July 28, 2022

The cancellations were announced after 3,000 employees walked off the job to protest for better wages. » mehr lesen

Credit Suisse Reports $1.65 Billion Loss for Second Quarter

Business NY Times - July 27, 2022

The Swiss bank’s weak performance for the second quarter stood in contrast to more upbeat reports from European rivals Deutsche Bank and UBS. » mehr lesen

Berkshire Hathaway-Owned Lender Pays $20 Million in Redlining Case

Business NY Times - July 27, 2022

Trident Mortgage Company discouraged minorities in Philadelphia from applying for home loans, the authorities say. » mehr lesen

The Democratization of Airport Lounges

Business NY Times - July 27, 2022

No longer just for the flying elite, these havens from chaos are easier to get into now, with the crowds to prove it. » mehr lesen

What Fed Rate Increases Mean for Mortgages, Credit Cards and More

Business NY Times - July 27, 2022

Savers will benefit and borrowers can expect to pay more on credit cards, student loans and other forms of debt. » mehr lesen