GlobalFoundries Seeks Talent Amid Growing Chip Demand
The semiconductor industry is actively seeking workers in a competitive labor market, driven by growing demand for talent and the need for funding from the CHIPS and Science Act, which…
Ford CEO Announces Profitable $30K Electric Vehicle in 2 1/2 Years
At the Aspen Ideas Festival on Friday, Ford CEO Jim Farley announced that the company plans to launch a $30,000 all-electric vehicle that will be profitable in about two and…
HBC to Acquire Neiman Marcus Group for $2.65 Billion
HBC, the parent company of Saks Fifth Avenue, has announced its acquisition of Neiman Marcus Group for $2.65 billion. The merger will unite two iconic luxury retailers under one roof.…
The Fed’s key measure shows inflation rose 2.6% in May from a year earlier, as expected
A key economic measure from the Federal Reserve revealed Friday that May's inflation rate was the lowest in three years. A report from the Commerce Department indicated that the Personal…
Hong Kong IPO market shows signs of recovery, says EY
On June 21, 2024, Hong Kong Exchanges and Clearing celebrated its 24th listing anniversary, amid growing optimism about the future of the city’s IPO market. In an interview with CNBC,…
Powell Highlights Progress on Inflation, But Calls for More Assurance Before Lowering Rates
Federal Reserve Chairman Jerome Powell on Tuesday expressed satisfaction with the progress made over the past year in tackling inflation, but stressed that more confidence was needed before considering a…
Morgan Stanley says this stock could consolidate China’s electric vehicle sector
Shares of Chinese electric car makers started the new year on a downtrend, facing stiff competition and ongoing price wars that are eroding automakers’ profitability amid weak overall market sentiment.…
Starbucks’ Strategy to Improve Customer and Barista Experience
Starbucks locations across the country are rolling out new measures to streamline drink ordering and reduce wait times. The revamp comes as the coffee chain anticipates a surge in mobile…