Business

Deere Reports Third Quarter Net Income of $1.884 Billion

Deere Reports Third Quarter Net Income of $1.884 Billion

Third-quarter net sales rise 25%, bolstered by higher rates of production, despite continuing supply-chain pressures. Full-year earnings outlook revised to range of $7.0 – $7.2 billion. Strong order books and positive customer fundamentals to drive demand in 2023. MOLINE, Ill., Aug. 19, 2022 /PRNewswire/ — Deere & Company (NYSE: DE) reported net income of $1.884 billion for …

Deere Reports Third Quarter Net Income of $1.884 Billion Read More »

Asia-Pacific markets trade mixed following a quiet Wall Street

Asia-Pacific markets trade mixed following a quiet Wall Street

APEC ministers meet to revive tourism for the region Tourism ministers from regional member economies are coordinating their policies to revive the tourism and travel industry in the region, said the Asia-Pacific Economic Cooperation. They are considering a series of policy recommendations to ensure that the benefits of tourism are distributed fairly among local communities. These include …

Asia-Pacific markets trade mixed following a quiet Wall Street Read More »

Introduction to TDK’s New MP-A28 Wireless Power Pattern Coil

Introduction to TDK’s New MP-A28 Wireless Power Pattern Coil

Background TDK has a long history of utilizing copper plating processes to construct metal coil structures used within power inductors and has now leveraged this proven mature technology and applied it to wireless power coils. TDK’s TFM power inductor series has used a similar high aspect plating (HAP) copper technology to increase the coil pattern’s …

Introduction to TDK’s New MP-A28 Wireless Power Pattern Coil Read More »

Asia Niche Will Help East West Bank Weather U.S. Economic Downturn, CEO Dominic Ng Says

Asia Niche Will Help East West Bank Weather U.S. Economic Downturn, CEO Dominic Ng Says

East West’s Chairman and CEO Dominic Ng. East West Bank East West Bank, today one of the largest American banks to service the U.S.-China business community, started out its life banking to Chinese immigrants in California in 1973. Much has changed in the banking industry since, but East West hasn’t lost its early focus. That …

Asia Niche Will Help East West Bank Weather U.S. Economic Downturn, CEO Dominic Ng Says Read More »

How WhatsApp grew from near-failed app to Meta's next monetization push

How WhatsApp grew from near-failed app to Meta’s next monetization push

In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Following the launch of the iPhone in 2009, Former Yahoo! employees Brian Acton and Jan Koum had the idea to create an app that would allow users to update statuses on their contact list, which …

How WhatsApp grew from near-failed app to Meta’s next monetization push Read More »

Bank Australia to ditch fossil fuel car loans in push for EV future

An Australian bank will stop offering loans for new fossil fuel cars from 2025 in a step it says will encourage more people to buy electric vehicles. The customer-owned Bank Australia will announce the self-imposed ban at a national EV summit in Canberra on Friday, arguing it is a responsible step to ensure its lending …

Bank Australia to ditch fossil fuel car loans in push for EV future Read More »

Recession Survey: 41% of Workers Believe We're Already in a Recession

Recession Survey: 41% of Workers Believe We’re Already in a Recession

—Limiting job offers: 36 percent say their company has restricted hiring——Letting staff go: 13 percent say workers have been laid off——Restructurings taking place: 19 percent say companies have undertaken a major reorganization——Feeling secure: Despite shakeups, 80 percent feel their job isn’t in jeopardy— NEW YORK, Aug. 18, 2022 /PRNewswire/ — Amid debate about whether the …

Recession Survey: 41% of Workers Believe We’re Already in a Recession Read More »

Wall St sheds early gains as investors assess Fed minutes

Wall St sheds early gains as investors assess Fed minutes

Weekly jobless claims fall 2,000 to 250,000 Kohl’s slashes 2022 forecasts Indexes down: Dow 0.34%, S&P 0.12%, Nasdaq 0.07% Aug 18 (Reuters) – Wall Street’s main indexes struggled for direction and pared early gains Thursday as investors scrutinize the Federal Reserve’s minutes of the July meeting for a “less hawkish” tone against the backdrop of …

Wall St sheds early gains as investors assess Fed minutes Read More »

Transcript of the IMF Press Conference on the IMF’s annual assessment of the Saudi Economy

Transcript of the IMF Press Conference on the IMF’s annual assessment of the Saudi Economy

Transcript of the IMF Press Conference on the IMF’s annual assessment of the Saudi Economy August 18, 2022 Speakers: Amine Mati: IMF Mission Chief for Saudi Arabia Wafa Amr: Senior Communications officer Washington, DC August 17, 2022 AMR: Good morning and good afternoon everyone. I am Wafa Amr, Senior Communications Officer at the IMF. Thank …

Transcript of the IMF Press Conference on the IMF’s annual assessment of the Saudi Economy Read More »