Spirit Aero losses more than double as 737 output drops, A220 woes linger
Spirit AeroSystems said on Monday its quarterly losses more than doubled as 737 fuselage shipments to its biggest customer Boeing…
Exclusive-Chinese firms stockpile high-end Samsung chips as they await new US curbs
Chinese tech giants including Huawei and Baidu as well as startups are stockpiling high bandwidth memory (HBM) semiconductors from Samsung…
Oil Heads for Weekly Drop as Demand Woes Offset Middle East Risk
Oil headed for a fourth weekly decline as demand concerns in the world’s two biggest economies overshadowed heightened geopolitical risk.…
Samsung Chips Boss Warns of ‘Vicious Cycle’ Unless Changes Made
Samsung Electronics Co.’s chip business leader warned that Korea’s largest company risked getting caught in a “vicious cycle” if it…
US Justice Dept. is investigating Nvidia’s acquisition of AI startup, Politico reports
The U.S. Department of Justice is investigating chip giant Nvidia’s (NVDA) buyout of AI startup Run:ai on antitrust grounds, Politico…
Mastercard’s quarterly profit jumps on resilient spending
Mastercard’s second-quarter profit rose 17% as customers kept up spending heavily via its cards, sending shares of the payments giant…
Amazon is responsible for hazardous items sold by third-party sellers
Amazon is responsible under federal safety law for hazardous products sold on its platform by third-party sellers and shipped by…
Starbucks App Users Report Outage Ahead of Buy One, Get One Deal
Starbucks Corp.’s mobile ordering via its app appeared to be down on Tuesday morning. About 1,400 users reported issues around…
Spirit Airlines to start offering premium seating
Spirit Airlines said on Tuesday it will begin to offer premium seating options, marking a shift from its traditional business…
Mitsubishi Motors’ shares up on reports it will join Honda-Nissan partnership
Shares in Mitsubishi Motors surged on Monday following media reports that the Japanese automaker is in talks to join Nissan’s…