Business
- WorldAFP
Indonesia's Mount Ibu erupts again, spews huge ash tower
A volcano in eastern Indonesia erupted on Monday, spewing a huge ash tower more than five kilometres (three miles) into the sky after authorities raised its alert level to the second-highest last week.The alert level remained at the second-highest of a four-tiered system on Monday after authorities raised it last week, with an exclusion zone between three and five kilometres (two to three miles) around the volcano's crater.
2 min read - BusinessBloomberg
IBS Owner Is Said to Be Nearing Sale of Tower Unit to Protelindo
(Bloomberg) -- The owner of PT Inti Bangun Sejahtera is close to selling a controlling stake in the telecom tower company to PT Profesional Telekomunikasi Indonesia, according to people with knowledge of the matter.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeHow One Brooklyn Neighborhood Became a Nightclub HavenPT Bakti Taruna Sejati
1 min read - BusinessBloomberg
Oil Drops as Traders Assess Weak Chinese Data and OPEC+ Policy
(Bloomberg) -- Oil declined as weak Chinese data raised concerns about demand, and traders looked ahead to an OPEC+ meeting on supply policy.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeHow One Brooklyn Neighborhood Became a Nightclub HavenBrent was below $83 a barrel, while West Texas Intermediate traded near $78. Poor Chinese credit
2 min read - BusinessDeseret News
Out of the office
Most American employees still put in eight-hour days, five days a week, even in the age of remote work.
4 min read - BusinessBloomberg
Asia’s Aversion to Rate Cuts Steers EM Bond Investors Away
(Bloomberg) -- Emerging Asian bonds may have less room to rally compared to their global peers as central banks in the region are unlikely to embark on aggressive interest-rate cuts.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeHow One Brooklyn Neighborhood Became a Nightclub HavenInflation-adjusted yields in emerging Asian nations are
2 min read - BusinessBloomberg
BOJ Trims Bond Buying in Regular Operation Amid Pressure on Yen
(Bloomberg) -- The Bank of Japan offered to purchase a smaller amount of government bonds in a regular operation on Monday than it did on April 24 as it seeks to reduce its presence in the country’s debt market.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeHow One Brooklyn Neighborhood Became a Nightclub HavenThe move is likely to put
2 min read - USAFP
Cambodia's famed Kampot pepper withers in scorching heatwave
Farmer Chhim Laem shakes his head as he walks between long rows of dead bushes, their brown leaves scorched by heat and drought that have devastated Cambodia's famed Kampot pepper crop.The Kampot region produced about 120 tonnes of peppercorns last year, but farmers say that excessive heat and rain have made 2024 the worst on record.
4 min read - BusinessBloomberg
China Averts Moral Hazard, for Now, After Country Garden Pays
(Bloomberg) -- A Chinese program to backstop debt of distressed developers came within days of being tested for the first time, but averted fueling debate about the fallout from such intervention after Country Garden Holdings Co. paid bond interest.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeHow One Brooklyn Neighborhood Became a Nig
2 min read - USNBC News
Exiled Chinese billionaire's alleged accomplice pleads guilty in massive fraud conspiracy
Yvette Wang, an accomplice of indicted Chinese billionaire Guo Wengui, pleaded guilty in New York last week to defrauding investors out of over $1 billion dollars in "a complex scheme," prosecutors said.
2 min read - BusinessBloomberg
Chinese Silver Trading Powerhouse Eyes Expansion in Singapore
(Bloomberg) -- The commercial division of Chinese private smelter Henan Jinli Gold and Lead Group Co. is looking to expand its commodities trading team in Singapore, as the industry turns increasingly bullish on copper, aluminum and other metals. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeHow One Brooklyn Neighborhood Became a Night
2 min read - BusinessAFP
Mercedes workers in Alabama to vote whether to join US union
The US auto workers union's drive to organize auto plants in the southern United States faces a second test this week at Mercedes-Benz in Alabama following a triumph last month.Some 5,200 workers at the Mercedes auto manufacturing plant and battery complex near Tuscaloosa, Alabama will decide whether to join the United Auto Workers in a federally-administered election that runs from Monday through Friday.
2 min read - BusinessBloomberg
Taiwan’s Central Bank Has AI In Its FX Intervention Corner
(Bloomberg) -- As a strong dollar drives up currency volatility across Asia, an artificial intelligence-fueled tech boom has offered Taiwan some reprieve. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeHow One Brooklyn Neighborhood Became a Nightclub HavenThe local currency weakened less than the South Korean won and Japanese yen in Apr
3 min read - BusinessTasting Table
Red Lobster Owner In Talks To Sell Stake After $22 Million Loss In 2023
A costly promotion, unfavorable market conditions, and other problems battered Red Lobster's bottom line. Now the company's owner wants to sell its stake.
2 min read - BusinessBloomberg
Bullish Case for Indian Rupee Dented by RBI’s Intervention Fears
(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeHow One Brooklyn Neighborhood Became a Nightclub HavenHopes are running high that India’s r
3 min read - WorldFortune
The housing crisis in the U.S. is flipped upside down in Japan, where each home that’s occupied could be next to an empty one by 2033
The number of vacant residential properties in Japan has hit 8.99 million, an increase of 500,0000 from 2018 and an 80% surge from 20 years ago.
3 min read - BusinessAFP
Microsoft, Amazon to invest billions in French tech
Microsoft on Sunday announced four billion euros in investment for developing data centres in France, joining fellow US giant Amazon in committing to the country's tech infrastructure.As Choose France prepared to get under way, several pharmaceutical groups, including US group Pfizer and Britain's AstraZeneca, announced on Sunday commitments to invest more than a billion euros more in France's health sector.
2 min read - BusinessInsider Monkey
20 Wealthiest Countries in Asia
In this article, we will discuss the 20 wealthiest countries in Asia. If you want to skip the detailed analysis of the wealthiest Asian countries, click 5 Wealthiest Countries in Asia. Asia’s Wealth and Economy Global wealth consists of all the assets including monetary assets and non-financial assets in all areas of the world. According […]
9 min read - BusinessInsider Monkey
20 Largest Publicly Traded Financial Companies in the US
In this article, we will be taking a look at the 20 largest publicly traded financial companies in the US. If you want to skip our detailed analysis, you can go directly to see the 5 Largest Publicly Traded Financial Companies in the US. Navigating the Financial Landscape The finance sector plays a crucial role […]
12 min read - BusinessEngadget
Most App Store developers aren’t taking Apple up on its new outside payments option
In a hearing on Friday as part of the ongoing legal battle with Epic, Apple said only 38 developers have applied to add links to external payment options — out of roughly 65,000 that could, according to Bloomberg.
1 min read - BusinessBloomberg
Five Key Charts to Watch in Global Commodity Markets This Week
(Bloomberg) -- The cotton industry is witnessing a fierce battle that pits Louis Dreyfus Co. against Singapore-based Olam Agri Holdings Ltd. in the pursuit of an Australian takeover. Global temperatures keep breaking records — causing wide-ranging impacts for agriculture and energy, and life itself. And palladium is losing its shine to platinum.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal
3 min read - BusinessBloomberg
Schumer Urges FTC to ‘Pump the Brakes’ on Chevron-Hess Deal
(Bloomberg) -- Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to pause Chevron Corp.’s proposed $53 billion takeover of Hess Corp., arguing the deal would give the oil industry more power to raise gas prices.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeHow One Brooklyn Neighborhood Became a Nightclub
1 min read - WorldBBC
M25 to reopen as planned, says highways agency
The stretch of road in Surrey is due to reopen at 06:00 BST after closing all weekend for roadworks.
2 min read - BusinessFortune
Here are horror stories about super-rich tenants who can afford to buy luxury property in Manhattan but choose to rent instead
"They’re very wealthy, and it’s very challenging to nail them down, as they also have the assets to fight.”
3 min read - USAssociated Press Finance
Hotel union workers end strike against Virgin Hotels Las Vegas with contract talks set for Tuesday
Nevada's largest labor union concluded a 48-hour strike Sunday meant to pressure Virgin Hotels Las Vegas to agree to a five-year contract on wages and benefits. More than 700 workers with Culinary Union Local 226 walked off the job at the 1,500-room hotel-casino near the Las Vegas Strip on Friday morning and ended the strike Sunday morning. Guest room attendants, cocktail and food servers, porters, bellmen, cooks, bartenders, and laundry and kitchen workers were among those walking the picket
1 min read - BusinessMotley Fool
Tesla Is Still Down 25% in 2024 Despite Its Monster Jump. Is the Stock a Buy?
Tesla has had a disappointing 2024 so far, but this latest round of news may turn it around.
3 min read - BusinessTasting Table
McDonald's Considers $5 Value Meal To Combat Traffic Woes
Fans are not lovin' the impact of inflation on their wallets, which in turn is hurting McDonald's bottom line. So the chain is now considering a $5 meal deal.
3 min read - BusinessMotley Fool
1 Stock (Not Nvidia) Could Be a Massive Winner From Data Center AI
This company also combines a powerful portfolio of both chips and software, not unlike what Nvidia is building.
4 min read - BusinessFortune
Armed with the mighty dollar, Americans are rushing to go on cheap vacations overseas—and it’s hurting the U.S. economy
A gauge of American tourism overseas recently hit its highest level since 2005, when the U.S. dollar was also strong.
2 min read - BusinessWJZY
McDonald’s could introduce a $5 Value Meal: reports
McDonald's is reportedly working to create a $5 Value Meal to help offset slowing sales.
1 min read - USThe Pueblo Chieftain
Hyde Park community garden growing, Pueblo Water report released and more business news
Here's what's new in Pueblo business this week, including Pueblo Water releasing its 2023 water quality report, an upcoming landlord meeting and more.
2 min read - WorldBloomberg
World’s Top Coffee, Soy and Sugar Supplier Wants to Rule Cocoa, Too
(Bloomberg) -- As West Africa’s cocoa production withers due to bad weather, aging trees and crop disease, enterprising farmers in an arid swath of Brazilian grasslands see an opportunity. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeHow One Brooklyn Neighborhood Became a Nightclub HavenGrowers across the western part of Bahia state —
5 min read - BusinessMotley Fool
How a Surprising Partnership Between Disney and Walmart Highlights the Future of Digital Advertising
Digital ads are getting an important upgrade.
4 min read - BusinessThe Wall Street Journal
There’s Not Enough Power for America’s High-Tech Ambitions
Georgia is a magnet for data centers and other cutting-edge industries, but vast electricity demands are clashing with the newcomers’ green-energy goals.
12 min read - BusinessMotley Fool
The One Accounting Change That Could Make or Break Your Business
There's one accounting move that could do a world of good for your company. Read on to see what it is.
3 min read - BusinessBloomberg
A Doomsday Recession Mentality Is Keeping the S&P 500 Strong
(Bloomberg) -- North America’s largest companies are on track to post their best quarterly earnings relative to expectations in at least two years, as they’ve worked to keep costs down over fears of a recession.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeHow One Brooklyn Neighborhood Became a Nightclub HavenThe 459 companies in the S
2 min read - BusinessMotley Fool
Most People Think Apple Makes Money From Selling iPhones and MacBooks, but Here's Where Its Magnificent Profits Come From
It's time for investors to rethink how they analyze this consumer-technology giant.
5 min read - BusinessReuters
Lufthansa boss vents frustration about Boeing problems
Aircraft delivery delays from Boeing are "extremely annoying" and cost Lufthansa lots of money, but the U.S. planemaker should be able to resolve its problems, the German airline's CEO said in a newspaper interview. Lufthansa CEO Carsten Spohr was direct when asked by Switzerland's Neue Zuercher Zeitung how badly recent setbacks at Boeing and subsequent delivery hold-ups were affecting his firm. "This is extremely annoying and costs us a great deal of money," Spohr said in the interview publis
1 min read - BusinessThe Conversation
When authoritative sources hold onto bad data: A legal scholar explains the need for government databases to retract information
Theranos was dissolved years ago, and its CEO, Elizabeth Holmes, is in prison, but the company’s patents based on bad science live on – a stark example of the persistence of faulty information.
6 min read - TechnologyDigital Trends
Google has a chance to take on the Quest and Vision Pro in a big way
Google could unveil Android XR as an alternative to Apple's Vision Pro and Meta's Quest operating systems at Google I/O 2024.
6 min read - BusinessTechCrunch
Alora Baby aims to push baby gear away from the 'landfill economy'
Enter Alora Baby, which is trying to shift the narrative toward a greener and more sustainable option for manufacturing — and recycling — baby products. Alora Baby, backed by government grants, aims to introduce revolutionary changes to baby equipment, moving away from the norm that sees products designed for a single lifespan. “We are stuck in this system, which I call the landfill economy, which is basically where stuff just gets crappier: Materials are more expensive, labor is less and less
4 min read - BusinessWJZY
Target cutting number of stores carrying Pride-themed merchandise after 2023’s backlash
Target confirmed Friday that it won't carry Pride Month merchandise at all stores in June after the discount retailer experienced a backlash and lower sales over its collection honoring LGBTQ+ communities.
3 min read - BusinessYahoo Finance
Private equity is helping banks shed some of their risks
Banks are using "credit risk transfers" with private equity firms to help alleviate their regulatory burdens and protect against future losses.
- BusinessWJAX
Hanania Automotive Group delivered pizzas to Jacksonville nurses during Nurse Appreciation Week
As part of their ongoing commitment to healthcare professionals, Hanania Automotive Group participated in Nurse Appreciation Week by delivering pizzas to local nurses.
1 min read - WorldBloomberg
Brazil Braces for More Rain as Historic Flood Damages Mount
(Bloomberg) -- The south of Brazil is preparing for the arrival of new rains and colder temperatures that threaten to deepen a crisis created by the historic floods that have deluged the region.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeHow One Brooklyn Neighborhood Became a Nightclub HavenAs much as 300 millimeters (11.8 inches) of
5 min read - LifestyleMotherly
Mothering is work. For Mother’s Day, I’d like a raise, please
Sure, I’ll take the flowers and breakfast in bed, too, but if you really want to acknowledge all that I do, start treating me like a paid employee.
7 min read - LifestyleDigital Trends
You Asked: The 8K chicken meets the 8K egg
This week in You Asked, it's 8K all day as we answer your questions about this type of TV tech.
8 min read - WorldBBC
Good progress on M25 works, says highways agency
The motorway is shut in both directions between junctions nine and 10 until 06:00 on Monday.
2 min read - BusinessBloomberg
Niger Junta Escalates Benin Border Spat Blocking Chinese Oil Exports
(Bloomberg) -- The prime minister of Niger said neighboring Benin had violated trade agreements between the two nations and Niger’s Chinese partner by blocking crude shipments from Benin. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeHow One Brooklyn Neighborhood Became a Nightclub HavenBenin last week barred exports of the fuel from i
1 min read - TechnologyDigital Trends
Apple’s new iPad Pro keyboard is a bigger deal than you think
Apple's new Magic Keyboard has got a lot going in its favor, but its predecessor has left a trail of rather pricey design woes. I hope this one gets it right.
4 min read - BusinessBloomberg
Investors in Best Hedge Fund Bet of 2023 Review Climate Assumptions
(Bloomberg) -- The risk models that helped drive one of the most lucrative bets of 2023 are increasingly being tested by smaller weather shocks fueled by climate change.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeHow One Brooklyn Neighborhood Became a Nightclub HavenCatastrophe bonds and other insurance-linked securities, which power
6 min read
