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 plans to make thousands of job offers in just one day as it holds a giant job fair next week at nearly a dozen warehouses across the U.S. Most of these jobs will count toward Amazon's previously announced goal of adding 100,000 full-time workers by the middle of next year. The hiring spree is yet another sign of Amazon's massive growth at a time when traditional retailers are closing stores and cutting jobs.
(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