increase

HSBC reports 10% increase in profits for third quarter and initiates $3 billion share repurchase program according to Reuters

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HSBC reports 10% increase in profits for third quarter and initiates billion share repurchase program according to Reuters

HSBC Holdings reported a 10% increase in third-quarter profit, surpassing analyst expectations. The bank’s wealth and wholesale banking divisions benefited from slower rate cuts, while undergoing a major overhaul. Europe’s largest bank recorded a pretax profit of $8.5 billion for the July-to-September period, up from $7.7 billion a year earlier. This result exceeded the $7.6 … Read more

Anticipated increase in smartphone sales of 25-35% during Diwali

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Anticipated increase in smartphone sales of 25-35% during Diwali

Smartphone sells are likely to grow 25-35% this Diwali when compared to last year, predicted All India Mobile Retailers Association (AIMRA) Founder Chairman Kailash Lakhyani. He added that premiumization and affordability are the main driving components of this growth in the retail space. Earlier, smartphone sells declined 3% year-on-year (YoY) during the first phase of … Read more

£1.5 billion allocated to NHS in England to increase appointments next year

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£1.5 billion allocated to NHS in England to increase appointments next year

The NHS in England is set to receive a £1.5 billion boost next year in order to provide an additional 2 million appointments, as announced in the Budget. However, Health Secretary Wes Streeting cautioned that this funding will only serve to “arrest the decline” of the struggling health service. The additional funds will be allocated … Read more

Decreasing demand dashes expectations for enrollment increase in the UK.

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Decreasing demand dashes expectations for enrollment increase in the UK.

An unexpected drop in demand for higher education in England could pose significant challenges for universities, as predictions of enrollment growth in the coming years appear overly optimistic while a demographic decline is on the horizon. A report by Higher Education Policy Institute president Bahram Bekhradnia suggests that previous estimates of 350,000 more students by … Read more

Dow Jones Futures Increase, Oil Declines; Tesla, Nvidia Enter Buy Zones Ahead of Significant Earnings Release

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Dow Jones Futures Increase, Oil Declines; Tesla, Nvidia Enter Buy Zones Ahead of Significant Earnings Release

Dow Jones futures saw a modest increase on Sunday night, along with S&P 500 futures and Nasdaq futures. Crude oil prices took a plunge following Israel’s “precise” airstrikes on Iran. Apple (AAPL), Microsoft (MSFT), Google-parent Alphabet (GOOGL), Amazon.com (AMZN), and Meta Platforms (META) are all set to report earnings this week, with significant implications for … Read more

Treasury announces intentions for significant increase in UK social housing rents to combat inflation

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Treasury announces intentions for significant increase in UK social housing rents to combat inflation

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter. UK chancellor Rachel Reeves has announced plans to raise rents for social housing by more than inflation over the next five or 10 years while also providing an immediate £500mn cash injection for housing associations … Read more

Boeing employees on strike turn down 35% salary increase proposal

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Boeing employees on strike turn down 35% salary increase proposal

Boeing workers who are on strike have turned down a new offer from the company, which included a 35% pay increase over four years. The International Association of Machinists and Aerospace Workers (IAM) union stated that 64% of its striking members voted against the proposed deal. Over 30,000 of Boeing’s employees have joined the strike, … Read more

Boeing Union Employees Turn Down 35% Salary Increase

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Boeing Union Employees Turn Down 35% Salary Increase

Striking Boeing workers have rejected a labor deal that would have increased pay by 35% over four years, the machinists union announced on Wednesday night. This means that the work stoppage at the Dow Jones aerospace giant will continue. Approximately 64% of union members who voted on Wednesday opposed the tentative agreement that was reached … Read more

Increase in wireless subscribers due to Verizon’s adaptable 5G plans

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Increase in wireless subscribers due to Verizon’s adaptable 5G plans

Verizon exceeded expectations by adding more wireless subscribers than anticipated in the third quarter. The U.S. telecom giant’s promotional offers and bundled plans, which include 5G along with streaming services like Netflix, played a key role in attracting customers. The increasing popularity of Verizon’s myPlan, a customizable package that offers streaming benefits such as Disney+, … Read more