Tag: technology

UnitedHealth Group announced Tim Noel as the new CEO of UnitedHealthcare, filling the role after Brian Thompson's passing. Despite recent earnings disappointments and claims processing challenges, UnitedHealthcare reported $400 billion in 2024 revenue and $14 billion in profits.

Published on: January 24, 2025, 11:02 AM UTC

US stocks closed higher on Thursday, with the S&P 500 and Dow Jones Industrial Average hitting fresh record highs. Investors welcomed comments from President Donald Trump at the World Economic Forum in Davos, where he indicated a focus on trade and economic policy. Tech stocks, however, faced some headwinds, with Nvidia shares declining after a supplier raised concerns about semiconductor demand. Economic data showed jobless claims increasing slightly, while earnings reports from American Airlines, Electronic Arts, and other companies were mixed.

Published on: January 24, 2025, 11:02 AM UTC

India's liquidity deficit hits 10-year high as RBI likely sells dollars to curb rupee volatility.

Published on: January 24, 2025, 11:00 AM UTC

Bank of America strategists say that as global central banks cut interest rates faster than the Federal Reserve, stock gains could become more broad-based.

Published on: January 24, 2025, 11:00 AM UTC

Boeing estimates a $3.5 billion loss due to the IAM strike, workforce reductions, and changes in its defense business. Quarterly revenue is expected to be $15.2 billion with a GAAP loss per share of $5.46. The company laid off hundreds of workers and reduced its headcount by 10%. Despite near-term challenges, Boeing is taking steps to stabilize its business, including a successful capital raise to improve its balance sheet.

Published on: January 24, 2025, 10:01 AM UTC

Around 20,000 British residents relocate to the US annually, enticed by higher salaries and lower tax rates. Despite Donald Trump's controversial policies, the US remains an attractive destination for workers and entrepreneurs due to its robust economy and business-friendly environment. However, navigating the US immigration system can be challenging, particularly in the wake of the President's crackdown on immigration. Skilled professionals in the technology sector can expect significant salary increases in the US, while healthcare costs remain a significant expense. The US tax system features progressive tax rates and offers deductions for state taxes, with some states boasting no income tax. However, moving to a state with no income tax may not always shield individuals from state taxes, and expats should consult with professionals to understand the potential tax implications of their move.

Published on: January 24, 2025, 09:03 AM UTC

Boeing (BA) pre-announces a Q4 operating cash flow loss of $3.5 billion and revenue of $15.2 billion. The company projects a GAAP loss per share of $5.46 and pre-tax charges of $1.7 billion in its defense and space business.

Published on: January 24, 2025, 09:01 AM UTC

Italian banking giant Monte Paschi di Siena SpA offers to acquire rival Mediobanca SpA in a €13.3 billion all-share deal, marking the latest twist in a series of takeover attempts involving Italy's banking industry.

Published on: January 24, 2025, 09:01 AM UTC

Monte dei Paschi di Siena launches €13.3 billion all-share buyout offer for Mediobanca

Published on: January 24, 2025, 08:00 AM UTC

European companies set to deliver third straight quarter of earnings growth despite economic and political challenges, fueled by inflows into European equities.

Published on: January 24, 2025, 07:01 AM UTC