Business
- LifestyleMotley Fool
Costco Delivery? Uber Eats Is Finally Making It Happen
There's a new way to get Costco products delivered to your door. Read on to learn more.
3 min read - BusinessReuters
Microsoft asks hundreds of China staff to relocate, WSJ reports
The employees, mostly engineers with Chinese nationality, were earlier in the week offered an option to transfer to countries including the U.S., Ireland, Australia and New Zealand, the report said, citing people familiar with the matter. The move comes amid spiralling US-China relations as the Biden administration cracks down on various sectors of Chinese imports, including electric vehicle (EV) batteries, computer chips and medical products. A Microsoft spokesperson told the Journal that pro
1 min read - BusinessBloomberg
Dreyfus Bid for Namoi Raises Australian Competition Concerns
(Bloomberg) -- Australia’s regulator raised concerns that Louis Dreyfus Co.’s proposed takeover of Namoi Cotton Ltd. will likely reduce competition for processing services for some of the nation’s growers.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Property MarketFlood of Ch
2 min read - BusinessBloomberg
Oil Advances on US Stockpile Decline and Broader Risk-On Mood
(Bloomberg) -- Oil rose for a second day, buoyed by shrinking US stockpiles and a wider risk-on mood triggered by signs of ebbing US inflation.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Property MarketFlood of China Used Cooking Oil Spurs Call to Hike US LeviesGlobal benchm
2 min read - BusinessBloomberg
Red Sea Disruptions Are Splitting Global LNG Trade Into Regions
(Bloomberg) -- It’s been four months since a liquefied natural gas tanker has passed through the narrow strait separating the Arabian Peninsula and Africa, testament to how violent attacks there have upended global energy trade.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Pro
3 min read - BusinessReuters
TSMC says no damage to its Arizona facilities after incident
Taiwanese chipmaker TSMC said on Thursday there was no damage to its facilities after an incident at its Arizona factory construction site where a waste disposal truck driver was transported to hospital. Firefighters responded to a reported explosion on Wednesday afternoon at the Taiwan Semiconductor Manufacturing Company plant in Phoenix, the Arizona Republic reported, citing the local fire department. TSMC, the world's largest contract chipmaker whose clients include Apple and Nvidia, said i
1 min read - BusinessBloomberg
Australia’s Pension Funds Play Hardball on Asset Management Fees
(Bloomberg) -- Australia’s booming A$3.7 trillion ($2.5 trillion) pensions industry is proving a tough negotiator on asset management fees, as data reveals the funds often pay significantly less than others. Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Property MarketFlood of
2 min read - WorldAFP
French prison van attack takes drug battle to 'worrying' new level
A motorway attack that claimed the lives of two prison officers in France this week marks a new level of violence by the latest generation of drug traffickers, police officers and experts told AFP. On Tuesday, gunmen attacked a prison van at a motorway toll in northern France, killing two prison officers and freeing a convict linked to gangland drug killings.The prison officers who died were the first to be killed in the line of duty since 1992.
4 min read - BusinessBloomberg
Khazanah, EPF Are Weighing Taking Malaysia Airports Private, Sources Say
(Bloomberg) -- Malaysia Airports Holdings Bhd. is set to be privatized as its two biggest shareholders team up with buyout firm Global Infrastructure Partners and the Abu Dhabi Investment Authority to make a takeover offer for the airport operator.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unso
2 min read - BusinessReuters
China's Nio aims to launch one new car model per year under Onvo brand
Chinese electric vehicle maker Nio said on Thursday it would launch one new model per year under its lower-priced Onvo brand and price them similarly to gasoline vehicles, as the firm expands its lineups to family cars in the country's overcrowded auto market. Nio executives were speaking a day after the company unveiled the Onvo L60 SUV with a sticker price starting from 219,900 yuan ($30,476), 12% below the price of Tesla's Model Y which starts at 249,900 yuan in China. Nio said on Thursday
1 min read - BusinessBloomberg
China’s Top Coal Province to Raise Output to Boost Local Economy
(Bloomberg) -- Major miners in China’s biggest coal hub plan to raise output to rescue the local economy, which could help reverse this year’s rare drop in national production, according to the industry’s top association. Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Property
3 min read - BusinessBloomberg
MUFG Shares Decline Following Smaller-Than-Expected Buyback Plan
(Bloomberg) -- Mitsubishi UFJ Financial Group Inc. shares fell after Japan’s biggest lender unveiled a smaller-than-expected buyback despite record earnings. Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Property MarketFlood of China Used Cooking Oil Spurs Call to Hike US Levi
3 min read - BusinessReuters
Exclusive-Anglo American starts revamp with hiring freeze, document shows
SYDNEY (Reuters) -Anglo American has suspended hiring globally according to an internal memo reviewed by Reuters, as it gets plans underway to simplify itself and build value - and avert a $43 billion takeover bid by Australia's BHP Group. Anglo laid out plans on Tuesday to refocus its company on energy transition metal copper while spinning out or selling its less profitable coal, nickel, diamond and platinum businesses, as it moves to fend off the world's biggest miner. "Following yesterday'
2 min read - BusinessThe Independent
Elon Musk fired nearly all of Tesla’s Supercharger team after argument with top executive
Firings on charger team are latest complication for EV maker
2 min read - BusinessFortune
Amazon axed more than 100 customer service managers in CEO Andy Jassy’s latest job cuts
"We have had more and more work added, 12-16 hour days, maximum stress to be cut free without a thought or a warning," one impacted Amazon manager told Fortune.
2 min read - BusinessBloomberg
Philippines to Stand Pat on Rate as Weak Peso Limits Options
(Bloomberg) -- The Philippine central bank is set to maintain its benchmark interest rate at a 17-year high on Thursday, as weakness in the local currency and stubborn inflation keep policymakers from pivoting to easing yet.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Propert
3 min read - BusinessTime
Amazon Workers Say They Struggle to Afford Food and Rent
A national study asked U.S. employees about their economic wellbeing.
4 min read - USKXAN
Not enough demand to fill 2.5M square feet of new office space in downtown Austin, report says
With the post-COVID spike of people working from home, "there's less demand for larger office spaces" downtown, said DeWitt Peart, CEO of the Downtown Austin Alliance (DAA).
3 min read - BusinessYahoo Personal Finance
Beware of credit card fraud at these 5 spots
Here are the 5 places you’re most at risk for credit card fraud or theft.
6 min read - BusinessLeasing Life
Sustainable Finance Summit 2024: shaping Europe’s transition finance landscape
Industry leaders convene in Paris to discuss Europe's transition finance landscape.
2 min read - BusinessReuters
Chile gives Albemarle option to boost lithium quota by 240,000 metric tons
Chile's economic development agency CORFO on Wednesday said it reached an agreement with Albemarle to establish an option for the U.S. company to increase its production quota by 240,000 metric tons of lithium metal equivalent (LME). The increase would raise Albermarle's production quota by close to 50%, from about 460,000 metric tons of LME currently. To access the higher quota, Albemarle would need to prove its ability to use sustainable technology such as direct lithium extraction, consult
2 min read - BusinessCNN Business
Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in
The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year.
2 min read - BusinessFox Business
Buffett's Berkshire reveals over $6B investment in Chubb, sending shares higher
Warren Buffett's Berkshire Hathaway revealed its more than $6.7 billion investment in insurance company Chubb in a regulatory filing which sent the insurer's stock to a record high.
3 min read - USWPIX New York City, NY
New York’s EBT system will be down on Sunday; here’s what you need to know
NEW YORK (PIX11) — EBT cardholders will not be able to access benefits this upcoming Sunday. New York’s Electronic Benefits Transfer system will go offline from 12:01 a.m. until 11 a.m. The pause is to upgrade the system and transfer to a new contractor. State officials are advising people to plan ahead because the cards […]
1 min read - USNorth Dakota Monitor
Utility plans another gas-fired power plant for North Dakota
Basin Electric Cooperative plans to build another natural gas-fired power generation facility in North Dakota, a top company official said Wednesday. Todd Brickhouse, CEO of Basin Electric, revealed the plans while speaking on a panel at the Williston Basin Petroleum Conference in Bismarck. Brickhouse said it would be a 1,400 megawatt power-generating facility and become […] The post Utility plans another gas-fired power plant for North Dakota appeared first on North Dakota Monitor.
3 min read - BusinessYahoo Personal Finance
How do credit cards work? A beginner's guide.
Credit cards can be useful tools to earn rewards, consolidate debt, or fund a large purchase, but make sure to find the right card for your goals.
8 min read - BusinessReuters
Hedge fund Coatue scraps its Apple stake in Q1, while Viking built its position
Hedge fund Coatue Management dissolved its stake in Apple Inc in the first quarter while Viking Global Investors built a sizeable new position, securities filings showed on Wednesday. Coatue, founded by Philippe Laffont, had 2.4 million shares of Apple in December, worth $470.6 million. Regulatory filings showed it had dissolved that stake entirely by the end of March.
2 min read - USWKRN articles
Lawsuit to block new Vanderbilt hospital in Murfreesboro filed by Saint Thomas
A Middle Tennessee hospital has filed a lawsuit to stop Vanderbilt Medical from expanding into Rutherford County.
2 min read - WorldCoinDesk
Canada’s ‘Crypto King’ and Associate Arrested, Charged With Fraud in Alleged $30M Ponzi Scheme
Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD – in a crypto and foreign exchange investment scheme.
3 min read - BusinessWVLA Baton Rouge
Chili’s closes one Baton Rouge restaurant, two still open
The restaurant officially closed in March but the company is "outperforming the industry in both sales and traffic," the spokesperson said in a statement.
1 min read - BusinessGuruFocus.com
Insider Sale: SVP and President, Healthcare Cary Majors Sells Shares of Steris PLC (STE)
On May 13, 2024, Cary Majors, Senior Vice President and President, Healthcare at Steris PLC (NYSE:STE), executed a sale of 2,024 shares of the company.
2 min read - BusinessGuruFocus.com
Insider Sale: President and CEO Richard Kyle Sells 30,000 Shares of The Timken Co (TKR)
On May 14, 2024, Richard Kyle, President and Chief Executive Officer of The Timken Co (NYSE:TKR), executed a sale of 30,000 shares of the company.
2 min read - BusinessGuruFocus.com
Insider Sale: Director Javier Palomarez Sells Shares of MasTec Inc (MTZ)
Javier Palomarez, Director at MasTec Inc (NYSE:MTZ), executed a sale of 3,500 shares of the company on May 14, 2024.
1 min read - BusinessGuruFocus.com
Director David Raisbeck Sells 13,500 Shares of Eastman Chemical Co (EMN)
On May 14, 2024, David Raisbeck, a Director at Eastman Chemical Co (NYSE:EMN), executed a sale of 13,500 shares of the company.
1 min read - BusinessGuruFocus.com
Insider Sale: EVP and CHRO Anthony Williams Sells 5,000 Shares of Akamai Technologies Inc (AKAM)
Anthony Williams, Executive Vice President and Chief Human Resources Officer of Akamai Technologies Inc (NASDAQ:AKAM), executed a sale of 5,000 shares of the company on May 14, 2024.
1 min read - LifestyleMotley Fool
Sam's Club vs. Costco: Which Is the Better Option for Buying Tires?
Costco's tire center may be a little cheaper, but Sam's Club offers a few more perks. Learn more about warehouse club tire savings here.
4 min read - BusinessBloomberg
One Oil Cargo’s Odd Journey Highlights a Global Market in Flux
(Bloomberg) -- A dearth of heavy crude is forcing one of the world’s biggest buyers to go the extra mile to get the barrels it needs, offering another example of how sanctions and OPEC+ curbs are recasting the supply chain.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Property
2 min read - BusinessBloomberg
Coinbase Targets Crypto Demand in $600 Billion Australian Pension Sector
(Bloomberg) -- Coinbase Global Inc., the largest US crypto exchange, is zeroing in on potential demand in Australia’s growing self-managed pensions sector.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Property MarketFlood of China Used Cooking Oil Spurs Call to Hike US LeviesT
3 min read - BusinessBloomberg
Ingram Micro Ready to Move on Plan for $1 Billion-Plus IPO
(Bloomberg) -- Platinum Equity-backed technology company Ingram Micro Inc. is preparing to move ahead with plans for an initial public offering that could raise more than $1 billion, according to people familiar with the matter.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Pro
2 min read - WorldFlorida Today
Popular restaurant Villa Palma at the Village closing its doors as of June 2
Restaurant Villa Palma in Cocoa Village closing in June - here's why
2 min read - BusinessThe Topeka Capital-Journal
Here's what the outside of Topeka's West Ridge Mall could look like after renovations
Owners Cody Foster and David Callanan and lead developer Terrence Maiden chose architectural firms to focus on different aspects of West Ridge Mall.
3 min read - BusinessBloomberg
Hedge Funds Pump Up Exposure to Nvidia, Cut AMD
(Bloomberg) -- Hedge funds continued to lean into the biggest technology companies leading the way in artificial intelligence as the hype propelled the US stock market higher in the first quarter of the year.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Property MarketFlood of
3 min read - TechnologyTechCrunch
Google I/O 2024: Here's everything Google just announced
It’s that moment you’ve been waiting for all year: Google I/O keynote day! Google kicked off its developer conference each year with a rapid-fire stream of announcements, including many unveilings of recent things it's been working on. Google showcased a demo of a call scam detection feature during I/O, which it says will be added to a future version of Android.
15 min read - TechnologyDigital Trends
Vanilla Google Search without AI is being sidelined into a menu
Google's AI ambitions continue to encroach into Search, but it can still be filtered out.
2 min read - BusinessKSAZ
Amazon responds after Arizona AG files lawsuits against online giant
Amazon officials are accusing the Arizona Attorney General's Office of having a 'fundamental misunderstanding and mischaracterization' of how the online giant's businesses work, on the same day the AG's Office announced their decision to sue the company.
1 min read - USAssociated Press
Indigenous consultant accuses NHL's Blackhawks of fraud, sexual harassment
A consultant the Chicago Blackhawks hired to improve relationships with American Indian tribes has filed a lawsuit accusing the team, its charity foundation and its CEO of fraud, breach of contract and sexual harassment. Nina Sanders filed the civil action late Tuesday in Cook County Circuit Court. Wirtz promised that he would create positions for American Indians, buy land to give to the Sac and Fox Nation and change the team's logo if she decided to accept the job, according to the lawsuit.
2 min read - BusinessZacks
Li Auto Inc. Sponsored ADR (LI) Stock Drops Despite Market Gains: Important Facts to Note
Li Auto Inc. Sponsored ADR (LI) closed at $25.92 in the latest trading session, marking a -1.82% move from the prior day.
2 min read - BusinessStar Tribune (Minneapolis)
Luxury apartment tower on Nicollet Mall in Minneapolis fetched many bids, sold at value
4Marq Apartments, a slim 31-story tower in downtown Minneapolis, has a new owner: a Washington-based investment firm that's been on a buying spree. Terms of the sale to Weidner Apartment Homes aren't public, but sources say the firm paid a bit more than $200,000 per unit for the tower, which would put the total sale price only slightly below the building's 2024 estimated market value of $54 ...
3 min read - USKTSM
Doña Ana County Sheriff Kim Stewart faces 5th civil lawsuit
EL PASO, Texas (KTSM) — A fifth civil lawsuit has been filed against Doña Ana County Sheriff Kim Stewart and is alleging violations of the Whistleblower Protection Act, according to court documents obtained by KTSM. The lawsuit was filed on Tuesday, April 30 and lists Obed Marte, and Perri Marte as the plaintiffs, who were […]
3 min read - BusinessBloomberg
AT&T Strikes Space Broadband Deal in Challenge to Musk’s SpaceX
(Bloomberg) -- AT&T Inc. and satellite provider AST SpaceMobile Inc. are teaming up to provide wireless service from space — a challenge to Elon Musk’s SpaceX, which struck a similar deal two years ago with T-Mobile US Inc. AST SpaceMobile jumped in extended trading on the news. Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Con
3 min read
