In a surprising turn of events, Amazon has secured three rocket launches from SpaceX for its ambitious Project Kuiper internet satellite program. This move comes as a shock, considering that the Kuiper system is intended to be a direct competitor to Elon Musk’s Starlink in the satellite broadband market. With both Starlink and Kuiper aiming
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Ford Motor recently reinstated its 2023 guidance after withdrawing it the previous month due to labor strikes and negotiations with the United Auto Workers (UAW) union. The updated guidance includes adjusted earnings before interest and taxes (EBIT) of $10 billion to $10.5 billion and adjusted free cash flow of $5 billion to $5.5 billion. This
JPMorgan Chase CEO, Jamie Dimon, announced during the DealBook Summit that his bank would willingly withdraw from China if the U.S. government issued such an order. Dimon’s statement was in response to questions regarding a potential future conflict over Taiwan. The CEO emphasized that in the event of a war in Taiwan, all bets would
In a recent internal town hall meeting, Disney Chief Executive Officer Bob Iger expressed his excitement for the future, stating that the company is transitioning from a period of fixing to one of building again. After a challenging year of addressing various issues within the business, Iger is now focused on expanding and growing Disney
A trio of regional banks is currently facing increasing pressure on their returns and profitability, making them potential targets for acquisition by a larger rival, according to analysts at KBW. These banks, which have between $80 billion and $120 billion in assets, find themselves in a tough spot due to their low structural returns. Among