Business
- BusinessBloomberg
Europe CEOs See China Ties Worsening Despite Economic Optimism
(Bloomberg) -- A majority of European business leaders said the continent’s relationship with China will likely deteriorate over the next few years as challenges with trade and the geopolitical climate drive tensions.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages S
1 min read - BusinessBloomberg
China’s Oil Demand Outlook Darkens as OPEC+ Prepares to Meet
(Bloomberg) -- As OPEC+ prepares to review global oil markets, trouble is brewing in the group’s biggest customer.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck Around 7% Force Rapid Rethink of American DreamChinese oil refiners are cutting processing rates a
5 min read - BusinessAFP
Samsung Electronics union announces first-ever strike
A major union representing tens of thousands of people at South Korean tech giant Samsung Electronics said Wednesday that workers will go on strike for the first time ever, potentially threatening key global semiconductor supply chains.If the strike goes ahead, it would be the first-ever walkout by workers at the South Korean tech giant.
4 min read - BusinessReuters
Ex-OpenAI board member provides her first detailed account of CEO ouster
OpenAI's board only learned of the existence of ChatGPT when they saw it on Twitter, former board member Helen Toner said in an interview on "The Ted AI Show" podcast that aired Tuesday. Toner provided her first detailed account of the backstory behind the dramatic firing and rehiring last November of OpenAI's CEO Sam Altman, painting a picture of a manipulative executive who fostered a "toxic atmosphere". Toner said one catalyst for Altman's ousting was when two OpenAI executives reported ins
2 min read - USWDVM
$300K settlement reached with Montgomery County Public Schools, former principal over sexual harassment lawsuit
SILVER SPRING, Md. (DC News Now) — Montgomery County Public Schools (MCPS) and former Principal Joel Beidleman have agreed to a $300,000 settlement. The lawyer representing the victim said she feels vindicated. Initial reporting from the Washington Post said there were at least 18 verbal or written complaints against Beidleman going back to 2016, but it […]
2 min read - BusinessBloomberg
PwC Lost Five China Clients in May After Evergrande-Linked Probe
(Bloomberg) -- PricewaterhouseCoopers LLP lost five Chinese clients in May alone, adding to a list of more than a dozen firms its stopped auditing in the country in the last two years. Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck Around 7% Force Rapid Rethi
1 min read - BusinessBloomberg
Lenovo Forges Saudi Alliance With $2 Billion Convertibles Issue
(Bloomberg) -- Lenovo Group Ltd. plans to sell $2 billion worth of zero-coupon convertible bonds to Saudi Arabia’s sovereign wealth fund, part of a broader strategic pact with the tech-hungry kingdom.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck Around 7% Fo
3 min read - BusinessBloomberg
Yuan Weakens to Lowest Since November as China Allows Declines
(Bloomberg) -- China’s onshore yuan dropped to the weakest level since November as signs mount that policymakers are slowly letting the currency decline against a resilient dollar.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck Around 7% Force Rapid Rethink of
2 min read - BusinessBloomberg
Chinese Mega Cities Loosen Homebuying Rules as Aid Spreads
(Bloomberg) -- Three of China’s biggest cities have rolled out major easing for homebuyers, as local authorities follow through on the central government’s aid for the embattled property sector. Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck Around 7% Force R
3 min read - BusinessBloomberg
Yen Nears Record Low Versus Euro on Carry, Interest Rate Outlook
(Bloomberg) -- The yen is sliding faster against the euro than the dollar as speculation grows that the European Central Bank will take it slow in cutting interest rates because inflation remains elevated.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck Around
3 min read - BusinessReuters
Union at Samsung Electronics in South Korea says to take strike action
Samsung Electronics' union in South Korea will begin escalating strike action next week over demands for higher wages, union officials said on Wednesday. The announcement was made by union officials at a live-streamed press conference, where they held a banner which read: "We can no longer tolerate labour repression, union repression." Samsung Electronics said in a statement on Wednesday: "We will sincerely engage in discussions with the union."
2 min read - BusinessAFP
Exxon plays hardball against climate NGOs. Will investors care?
ExxonMobil investors will have a chance to weigh in at Wednesday's annual meeting on the company's hardball approach to the latest shareholder challenge from environmentalists over climate change.ExxonMobil argued that the proposal was the same as one rejected by nearly 90 percent of company shareholders at the 2023 meeting.
3 min read - BusinessTechCrunch
Avendus, India's top venture advisor, confirms it's looking to raise a $350 million fund
Avendus, the top investment bank for venture deals in India, confirmed on Wednesday it is looking to raise up to $350 million for its new private equity fund. The new fund, called Future Leaders Fund III, will enable the Mumbai-headquartered firm to write larger checks and maintain a meaningful position in the startups it backs, said its managing partner Ritesh Chandra in an interview with TechCrunch. TechCrunch reported in early April that Avendus was putting together a plan to raise a new fu
2 min read - SportsCNN
NFL kicker Brandon McManus accused of sexually assaulting 2 flight attendants during team flight last season
Two women have accused NFL kicker Brandon McManus of sexually assaulting them while he was on a team flight to London last September for the Jacksonville Jaguars, according to a new lawsuit.
2 min read - BusinessKNWA Fayetteville
SWEPCO gives update on power restoration timeline
Southwestern Electric Power Company gives an update on its timeline for power restoration for its customers in Benton County.
1 min read - BusinessBloomberg
China’s Silver Imports Set to Jump as Solar Demand Lifts Prices
(Bloomberg) -- Chinese silver imports could surge in coming weeks, as traders take advantage of a jump in demand that’s taken prices well above the international market.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck Around 7% Force Rapid Rethink of American D
2 min read - USKLAS articles
UNLV target of federal lawsuit, alleging ‘unchecked spread of antisemitism’: docs
LAS VEGAS (KLAS) – A Jewish student filed a lawsuit against the University of Nevada, Las Vegas, and several other student groups, claiming the university has created a hostile environment on campus for Jews, according to court documents. Corey Gerwaski filed a federal lawsuit on Sunday, accusing UNLV of violating the 14th Amendment, the Civil […]
2 min read - BusinessBloomberg
Owner of Asia Cement China Is Said to Consider Take-Private Deal
(Bloomberg) -- Asia Cement China Holdings Corp.’s majority owner is considering buying out the Hong Kong-listed company, people with knowledge of the situation said, as shares in the cement-maker soared Tuesday. Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck
2 min read - BusinessBloomberg
Oil Extends Gain as Geopolitical Risks Simmer Before OPEC+ Meet
(Bloomberg) -- Oil extended gains as another attack on a ship in the Red Sea added to heightened geopolitical tensions in the Middle East ahead of an OPEC+ meeting. Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck Around 7% Force Rapid Rethink of American Dream
1 min read - WorldBloomberg
Greek-Owned Ship Takes on Water After Being Hit in Red Sea
(Bloomberg) -- A bulk carrier has taken on water and is leaning to the side after being attacked while sailing through the Red Sea, underscoring the continuing risks facing ships trying to navigate a waterway long critical to global trade.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet
2 min read - USNorth Dakota Monitor
Summit says power supply, blackouts not a concern for pipeline
The chief operating officer for Summit Carbon Solutions said Tuesday the company would be able to quickly shut down the hazardous liquid pipeline if a power outage were to hit the system. COO James Powell testified from Texas in a hearing before the North Dakota Public Service Commission that the company would be able to […] The post Summit says power supply, blackouts not a concern for pipeline appeared first on North Dakota Monitor.
4 min read - BusinessWJZY
Nearly 80% of Americans now view fast food as a luxury: survey
Once viewed as a quick, affordable meal, fast food is increasingly seen as a luxury by many Americans due to rising menu prices, according to a new LendingTree survey.
2 min read - BusinessReuters
US judge rejects Amazon bid to get FTC lawsuit tossed over Prime program
WASHINGTON (Reuters) -A U.S. judge in Seattle on Tuesday rejected Amazon.com's request to dismiss a Federal Trade Commission lawsuit that accuses the company of enrolling millions of consumers into its paid Amazon Prime service without their consent. Attorneys for Amazon had urged U.S. District Judge John Chun to dismiss the FTC's claims. Amazon did not immediately respond to a request for comment.
2 min read - BusinessLA Times
Dozens of shuttered 99 Cents Only stores could reopen under a familiar name: Dollar Tree
Chesapeake, Va.-based Dollar Tree, which operates hundreds of stores in California, reportedly made a bid on about 100 recently shuttered 99 Cents Only locations.
2 min read - BusinessReuters
Cathie Wood's Ark buys stake in Musk's xAI, Bloomberg News reports
The stake represents about 2% of the fund's holdings, according to Ark Chief Futurist Brett Winton in an interview to Bloomberg, which added that Ark Venture Fund revealed the stake in an email to clients. Musk's xAI announced on Monday it had raised $6 billion in series B funding, backed by investors including Andreessen Horowitz and Sequoia Capital.
1 min read - BusinessBloomberg
Elliott Bets $2.5 Billion on Shaking Up Texas Instruments
(Bloomberg) -- Elliott Investment Management has invested more than $2.5 billion in Texas Instruments Inc. and is pushing the chipmaker to improve free cash flow, setting the stage for another campaign by the influential activist investor.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet
5 min read - BusinessReuters
Amid merger speculation, Brazilian airline Gol parent talks with Azul
SAO PAULO (Reuters) -The parent company of Brazilian airline Gol has started talks with rival Azul to "explore opportunities," both airlines said on Monday, following media reports earlier this year that pointed to a potential merger. Azul added in a securities filing it has not signed or formalized any new agreement regarding a potential business combination with Gol, which is controlled by Latin American airline holding company Abra Group. Abra Group was formed in 2022 to combine Gol and Co
1 min read - USLansing State Journal
MSU investigation into trustee misconduct, bullying passes $2 million
Michigan State University has also paid for Trustees Rema Vassar and Dennis Denno's legal representation during the investigation into their behavior.
2 min read - BusinessBloomberg
China Financial Firms Are Unusually Cash-Rich as Savers Pile In
(Bloomberg) -- Cash is so abundant in China’s financial markets that even traditionally liquidity-starved firms are swimming with money.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck Around 7% Force Rapid Rethink of American DreamNon-bank institutions like as
3 min read - BusinessWJW
These retailers cutting summer prices to entice shoppers
Americans who spent Memorial Day scouting sales online and in stores may have found more reasons to celebrate the return of warmer weather. Major retailers are stepping up discounts heading into the summer months, hoping to entice inflation-weary shoppers into opening their wallets.
6 min read - BusinessBloomberg
Cathie Wood’s $60 Million Venture Fund Nabs Stake in Elon Musk’s xAI
(Bloomberg) -- Cathie Wood’s Ark Investment Management has purchased a stake in Elon Musk’s artificial-intelligence startup xAI, part of a growing wager that the nascent AI industry will revolutionize global tech.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck
2 min read - BusinessKRON
Tesla Fremont factory faces class action suit alleging ‘severe’ racism against Black workers
(KRON) — The Alameda County Superior Court certified a class action alleging “severe and pervasive race harassment” against Black workers in Tesla’s Fremont factory, the order filed on May 17 said. The court found that “the approximately 500 declarations in support of and in opposition to this motion suggest that over a period of approximately […]
4 min read - BusinessBloomberg
Credit Suisse Made ‘Puny’ Trade in Face of Archegos Implosion
(Bloomberg) -- Newly promoted to equities Delta One head at Credit Suisse Group AG in February 2021, Josh Lukeman said he only became familiar with Archegos Capital Management that month.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck Around 7% Force Rapid Ret
5 min read - BusinessBloomberg
Saudi Arabia Taps Bond Market With $5 Billion Sukuk Deal
(Bloomberg) -- Saudi Arabia raised $5 billion through the sale of dollar-denominated sukuk as it seeks to plug a hole in its finances and fund spending on Crown Prince Mohammed bin Salman’s economic diversification drive.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgag
2 min read - BusinessBusiness Insider
Wedding-dress designer Hayley Paige got her name back. Here's a complete timeline of her yearslong legal battle with JLM Couture.
Hayley Paige Gutman's legal issues with JLM Couture finally came to a close after she reached a $263,000 settlement with the company.
63 min read - BusinessWCMH
Woman claims power company overcharged her thousands
COLUMBUS, Ohio (WCMH) – A Columbus woman said her energy company had been charging her incorrectly for years. Tracy Derifield moved into a brand-new condominium near Dublin nearly six years ago. At the very beginning, she said everything was normal, including her electric bill. “And then probably, after about, I don’t know, six months or […]
5 min read - BusinessRetail Banker International
Wipro to drive Close Brothers’ tech delivery and transformation
Collaboration aims to create a more digitally enabled, resilient and sustainable IT environment
2 min read - BusinessZacks
Nucor (NUE) Stock Dips While Market Gains: Key Facts
Nucor (NUE) reachead $168.39 at the closing of the latest trading day, reflecting a -1.68% change compared to its last close.
2 min read - BusinessZacks
Why Whirlpool (WHR) Outpaced the Stock Market Today
In the latest trading session, Whirlpool (WHR) closed at $86.76, marking a +0.28% move from the previous day.
3 min read - USUSA TODAY
Former mayor of South Dakota town charged in shooting deaths of 3 men
Jay Ostrem, 64, was booked into the Minnehaha County Jail on Tuesday in connection with the shootings in in Centerville, South Dakota.
3 min read - USMarketWatch
‘I feel like an idiot. I need every cent to retire’: I gave a friend $20,000 to buy me a car. He ghosted me. I called the police. What options do I have?
“We met several times in person, and he explained that once I gave him the money that I could trust him.”
4 min read - TechnologyDigital Trends
LG’s Tone Free T80 wireless earbuds come with head tracking — and a free portable speaker
The LG Tone Free T80 wireless earbuds boast a graphene speaker driver, Dolby Head Tracking, and a limited time promotion for a free Bluetooth speaker.
3 min read - BusinessBellingham Herald mcclatchy
This Bellingham health clinic is getting a new name. What other changes should you expect?
What does this change mean for local patients, services and providers?
2 min read - USBloomberg
Texas Storms Cut Power to 1 Million, Some Outages to Last Days
(Bloomberg) -- High winds and heavy rains tore through storm-battered Texas Tuesday, grounding flights, flooding streets and leaving more than 1 million homes and businesses without power — some possibly for days. Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuc
3 min read - BusinessFreightWaves
Benchmark DOE/EIA diesel price drops for seventh straight week
The benchmark price used for most diesel fuel surcharges declined for the seventh straight week. The post Benchmark DOE/EIA diesel price drops for seventh straight week appeared first on FreightWaves.
5 min read - BusinessKOIN
40 wineries file $102M lawsuit against PacifiCorp for ‘negligence’ in 2020 wildfires
A group of 40 wineries filed a lawsuit against Pacific Power and its parent company PacifiCorp alleging the company was negligent for deciding to not shut off power during the 2020 wildfires, which damaged their grapes, according to court documents.
3 min read - BusinessZacks
Nasdaq Hits New Closing High; BOX, CAVA Report Q1
Economic data is also lightening up, along with earnings season, but not quite over.
2 min read - BusinessBloomberg
MEMX Software Issue Resolved After NYSE, Cboe Paused Routing
(Bloomberg) -- A software error at MEMX LLC prompted exchanges including NYSE, Nasdaq and Cboe to temporarily suspend routing to the venue.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck Around 7% Force Rapid Rethink of American DreamThe “latent software error
2 min read - BusinessZacks
Lockheed Martin (LMT) Stock Dips While Market Gains: Key Facts
In the latest trading session, Lockheed Martin (LMT) closed at $458.48, marking a -1.9% move from the previous day.
3 min read - BusinessZacks
Schlumberger (SLB) Rises Higher Than Market: Key Facts
In the latest trading session, Schlumberger (SLB) closed at $46.53, marking a +0.63% move from the previous day.
3 min read
