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General Electric Co (NYSE:GE) reported first-quarter FY22 adjusted revenue of $16.3 billion flat year-over-year and organic revenues of $16.43 billion, up 1% Y/Y. Total GAAP revenues were flat at $17.04 billion. Total orders increased by 11% Y/Y to $18.9 billion and +13% on an organic basis. Adjusted EPS was $0.24, an increase of…

The Biden administration reversed a Trump administration plan that allowed the government to lease more than two-thirds of the country’s largest swath of public land to oil and gas drilling, writes CNBC. The Bureau of Land Management’s decision will shrink the amount of land available for lease in the National Petroleum Reserve in…

A seismic shift has taken place in Finland since the invasion of Ukraine, which could lead to it possibly joining NATO. It would deliver a significant blow to the Russian President by potentially bringing the West right to his doorstep.

Boston Beer Company Inc (NYSE:SAM) reported a first-quarter revenue decline of 21.1% year-over-year to $430.1 million, below the consensus of $447.88 million. EPS decreased to $(0.16), from $5.26 in 1Q21. Q1 depletions decreased by 7%, and shipments were down 25.1% compared to 1Q21. The gross margin declined by 560 bps to 40.2%.…

Mp Materials Corp (NYSE:MP) has signed a definitive supply agreement with General Motor Co (NYSE:GM) to produce alloy and magnets for the automotive giant's EV programs. The financial terms were not disclosed. Under the long-term agreement, MP Materials will supply U.S.-sourced and manufactured rare earth materials, alloy, and finished magnets for the electric motors. MP Materials' Texas…

Xerox Holdings Corp  (NASDAQ:XRX) reported a first-quarter FY22 sales decline of 2.5% year-on-year to $1.67 billion, beating the consensus of $1.64 billion. Equipment sales declined 17.6%, while Post sale revenue improved 1.9%. Sales in the Americas declined 0.5% Y/Y, and EMEA fell 5.6%. Gross margin contracted 390 basis points Y/Y to 31.8%. The…

The local had been visiting family in a village in India when he was attacked by a large crocodile which grabbed him in its jaws and dragged him under water

The U.S. Treasury Department sanctioned crypto mining firm BitRiver, targeting one of the industry’s top data-center service providers over its operations in Russia, Bloomberg reported. The Swiss-based company BitRiver provides Bitcoin miners worldwide with energy sources, mining facilities, and large-scale management solutions, including those in Eastern Europe and Russia.  Treasury announced…

Boeing Co (NYSE:BA) has informed key airlines and parts suppliers that 787 Dreamliner deliveries will begin in the second half of 2022, Reuters reported, citing three people familiar with the matter. Boeing's large 787 inventory, accumulated since deliveries were halted nearly a year ago due to structural issues, has locked up desperately…