Stocks, bonds and commodities were all on a roll on Thursday, as market bulls scented a softening in the Federal Reserve's confidence on inflation.Read More »
Airbus SE said it will almost halve production of its slow-selling A380 superjumbo, casting further doubt over the program’s future, while warning that engine glitches are still weighing on deliveries of the single-aisle A320 that’s due to become its largest-volume model. The A380 build rate will be reduced to eight jets a year in 2019, down from 15 this year and 28 in 2016, Airbus said Wednesday. “Even if we should get another order before the end of the year that will not change the needle on our rate decision, except if we would get an unexpectedly high order, Chief Executive Officer Tom Enders told reporters. As the A380 struggles for survival, Airbus faces a host of issues with other models that it’s relying on for future earnings.
Amazon.com (AMZN) will hire thousands of new full-time employees on-the-spot to fill 50,000 available fulfillment network positions during its first "Amazon Jobs Day" on August 2, the company said in a statement. The retail giant will open 10 fulfillment centers for tours and information sessions and wants to hire qualified candidates who apply on-site that day. The plan is for new hires to walk in for an interview and walk out with a job offer. The full-time jobs offer benefits starting the day employees are hired, company stock options and the chance to go back to school through the company's Career Choice program. Amazon will also hire more than 10,000 part-time employees during Jobs Day.
(McDonald's CEO is preparing the fast-food chain for disruption.Facebook/McDonald's) The restaurant industry is ripe for radical disruption — and McDonald's CEO Steve Easterbrook says the fast-food company is ready to lead the way. Easterbrook says