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Corporate bankruptcies and defaults are surging – here's why

  • June 26, 2023, 5:42 a.m.
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Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14,

via www.cnbc.com

How long will the dollar last as the world’s default currency? The BRICS nations are gathering in South Africa this August with it on the agenda

  • June 26, 2023, 1:42 a.m.
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Could a new currency be set to challenge the dominance of the dollar? Perhaps, but that may not be the point. In August 2023, South Africa will host the leaders of Brazil, Russia, India, China and So

via fortune.com

Saudi Arabia and Cristiano Ronaldo Have Sparked a Money-Drenched Tug-of-War in World Soccer

  • June 25, 2023, 4:42 p.m.
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If an autocratic state’s slush fund offered you tens of millions of dollars to play soccer in the desert for a couple of years, would you take it? What about a hundred million? Believe it or not, th

via www.esquire.com

Why chaos in Russia could spell trouble for the global economy

  • June 25, 2023, 1:42 p.m.
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London CNN — After the pandemic and war in Ukraine, and the inflation shock that followed, the global economy is in a precarious state. The last thing it needs right now is another nasty surprise. T

via edition.cnn.com

Former Google CEO Schmidt pays $67 million for Russian's superyacht

  • June 25, 2023, 10:42 a.m.
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Former Google CEO Eric Schmidt won an auction in Antigua to acquire the seized Superyacht Alfa Nero for $67.6 million, as first reported by Bloomberg. The Alfa Nero was built by the same shipbuilding

via www.foxbusiness.com

Oregon offers chipmakers more than $500 million, hoping for billions in return

  • June 25, 2023, 8:42 a.m.
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Oregon’s semiconductor industry came into this year’s legislative session asking for a lot — and lawmakers delivered. The Legislature set aside more than $500 million for grants, loans and tax credit

via www.oregonlive.com

A-list star Halle Berry pivots to San Francisco tech exec

  • June 25, 2023, 1:42 a.m.
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Halle Berry — the history-making, Oscar-winning actress, Netflix film director and former Miss USA runner-up — is leaning hard into being a San Francisco tech executive. Speaking at Bloomberg’s techn

via www.sfgate.com

The Best Crops to Grow in Containers: Top 10 Picks

  • June 24, 2023, 8:42 p.m.
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Agri-food and Health Global Container gardening has gained immense popularity today as more people are embracing sustainable living and seeking ways to maximize their limited space. It offers a versa

via www.agrifoodnhealth.ca

Reddit’s Chief Says He Wants It to ‘Grow Up.’ Will Its Community Let It?

  • June 24, 2023, 3:42 p.m.
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For the past 11 years, Bucky has put time and effort into stewarding and guiding dozens of communities on Reddit, the sprawling internet message board. As a “moderator” of roughly 80 different topic-

via www.nytimes.com

When the economy’s winners feel like losers

  • June 24, 2023, 7:42 a.m.
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The American economy is, in many ways, predicated on winners and losers. We’re told the story that a level of inequality is necessary for growth. The discomfort of some workers — largely at the bottom

via www.vox.com

A commercial real-estate crisis may be brewing with troubled assets hitting $64 billion, and another $155 billion in the cards

  • June 24, 2023, 6:42 a.m.
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Stress is mounting in US commercial real estate, with distressed assets surging to $64 billion, per Bloomberg. What's worse is that another nearly $155 billion of CRE assets are at risk of turning ba

via markets.businessinsider.com

Annual inflation of 114% is pushing Argentina to the right

  • June 24, 2023, 6:42 a.m.
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S aturday June 24th will be a momentous day in Argentina: Lionel Messi, a superstar footballer, will turn 36. It is also the day the election season officially begins in the country. As politicians li

via www.economist.com

Starbucks workers at over 150 stores to go on strike over Pride decor dispute

  • June 23, 2023, 7:42 p.m.
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June 23 (Reuters) - More than 3,000 workers at over 150 Starbucks (SBUX.O) stores in the United States will walk off the job over the next week, the union representing the coffee chain's baristas said

via www.reuters.com

Apple sues Swiss fruit farmers over apple logo

  • June 23, 2023, 4:42 p.m.
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One of the latest battles in Apple’s long-running legal quest to own the very idea and image of the “apple” itself is currently taking place in Switzerland. According to a Wired UK profile on Monday,

via www.popsci.com

Apple’s biggest competition in India? Used iPhone sellers

  • June 23, 2023, 11:42 a.m.
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It’s been just about two months since Apple launched its first two flagship stores in India — one in Mumbai, one in Delhi — as part of a high-stakes gamble to sell more iPhones in the country. The sto

via restofworld.org

Factbox: European companies cut jobs as economy sputters

  • June 23, 2023, 6:42 a.m.
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June 23 (Reuters) - Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies that have announced cut

via www.reuters.com

Ford receives $9.2 billion loan from US Department of Energy to build EV battery factories

  • June 23, 2023, 5:42 a.m.
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Ford secures $9.2 billion loan from US Department of Energy to build EV battery factories It's the biggest loan yet from the US Department of Energy's Loan Program Office. The United States governmen

via www.engadget.com

3M pays $10.3bn to settle water pollution suit over ‘forever chemicals’

  • June 23, 2023, 4:42 a.m.
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3M Co has reached a $10.3bn settlement with a host of US public water systems to resolve water pollution claims tied to “forever chemicals”, the chemical company announced on Thursday. The company sa

via www.theguardian.com

3M reaches tentative $10.3 billion deal over U.S. 'forever chemicals' claims

  • June 22, 2023, 7:42 p.m.
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3M has reached a $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to "forever chemicals," the chemical company announced on Thursday. The compa

via www.cnbc.com

Brits are facing a major mortgage crisis as lending rates soar

  • June 22, 2023, 10:42 a.m.
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Houses pictured on 8th June 2023 in Halifax, United Kingdom. U.K. borrowers are facing sharply higher mortgage costs. LONDON — U.K. borrowers are facing a cliff edge that could damage the economy as

via www.cnbc.com

Chart: U.S. Loses Ground in World Competitiveness Ranking

  • June 22, 2023, 2:42 a.m.
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HTML code to embed chart Can I integrate infographics into my blog or website? Yes, Statista allows the easy integration of many infographics on other websites. Simply copy the HTML code that is sho

via www.statista.com

Pharmaceutical trade group sues Biden administration over Medicare drug price negotiations

  • June 21, 2023, 11:42 p.m.
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Traders work on the floor of the New York Stock Exchange during morning trading, April 10, 2023. The pharmaceutical industry's largest lobbying group and two other organizations Wednesday sued the Bi

via www.cnbc.com

What genocide? Volkswagen’s morally expensive bet on China

  • June 21, 2023, 9:42 p.m.
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Press play to listen to this article Voiced by artificial intelligence. BERLIN — The blowback came in the form of cake. An annual meeting of Volkswagen shareholders in Berlin in May was disrupted by

via www.politico.eu

Inside China's spy war on American corporations

  • June 21, 2023, 2:42 p.m.
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Top intelligence and law enforcement officials in Washington are issuing a stark warning to American companies: The Chinese government wants to replace you. That message comes in a new CNBC documenta

via www.cnbc.com

Foreign companies are shifting investment out of China as confidence wanes, business group says

  • June 21, 2023, 5:42 a.m.
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Foreign companies are shifting investment out of China as confidence wanes, business group says Jens Eskelund, president of the European Chamber attends the launch of the European Business in China:

via news.yahoo.com

Nikola Motor Company Layoffs 23% of Workforce & Eliminates CEO Position

  • June 20, 2023, 10:42 p.m.
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Nikola Motor Company has made an important decision regarding its strategic workforce reduction strategy, which includes the dismissal of 23% of its employees as well as the replacement of its CEO. Th

via blog.brightviu.com

The counterfeit lawsuits that scoop up hundreds of Chinese Amazon sellers at once

  • June 20, 2023, 4:42 p.m.
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“It started as a normal way to defend intellectual-property rights,” says Ning Zhang, an attorney in the US who has represented Sun and other sellers in similar situations. But over the years, Zhang s

via www.technologyreview.com

Macron's Paris summit seeks new life for global finance agenda

  • June 20, 2023, 5:42 a.m.
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PARIS, June 20 (Reuters) - French President Emmanuel Macron hosts a summit on Thursday and Friday to pin down a roadmap for easing the debt burdens of low-income countries while freeing

via www.reuters.com

Alibaba CEO to step down to focus on cloud business in surprise leadership reshuffle

  • June 20, 2023, 5:42 a.m.
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In this article BABA Follow your favorite stocks CREATE FREE ACCOUNT The logo of the Alibaba office building is seen in downtown Huangpu District in Shanghai, China, June 16, 2023. Costfoto | Nurphot

via www.cnbc.com

Bank of England's conundrum deepens as inflation and labor market stay hot

  • June 20, 2023, 4:42 a.m.
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A member of the public walks through heavy rain near the Bank of England in May 2023. LONDON — The Bank of England is "caught between a rock and a hard place" as it prepares for a key monetary policy

via www.cnbc.com

Amazon, Marriott and other companies vow to hire thousands of refugees in Europe

  • June 19, 2023, 9:42 p.m.
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Amazon, Marriott and other companies vow to hire thousands of refugees in Europe FILE - A person walks past the San Francisco Marriott Union Square hotel on July 11, 2019, in San Francisco. Multinati

via apnews.com

Insurance companies buckling under climate risks

  • June 19, 2023, 8:42 p.m.
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The BDN Editorial Board operates independently from the newsroom, and does not set policies or contribute to reporting or editing articles elsewhere in the newspaper or on bangordailynews.com. There’

via www.bangordailynews.com

Streamers upset about Twitch revenue split joining Kick

  • June 19, 2023, 3:42 p.m.
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Video game streamers, who display their prowess in real time playing first-person shooters, sports, and adventure games, are now in a high-stakes battle over which platform to ply their trade on. Ove

via fortune.com

Hackers threaten to leak stolen Reddit data if company doesn’t pay $4.5 million and change controversial pricing policy

  • June 19, 2023, 2:42 p.m.
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CNN — Reddit’s month may be going from bad to worse. Hackers from the BlackCat ransomware gang, also known as ALPHV, are threatening to leak 80 gigabytes of confidential data from Reddit that they c

via www.cnn.com

Pirelli: Italy blocks Chinese control of tyre giant

  • June 19, 2023, 6:42 a.m.
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Before his visit officials saw little chance of any breakthrough on the many disputes between the world's two biggest economies, which include Washington's attempts to slow the development of China's

via www.bbc.com

Exclusive: Japan regulator sounded out top domestic banks about China risks, sources say

  • June 19, 2023, 5:42 a.m.
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Summary Summary Companies Major risk for banks involves U.S. sanctions on China-source Banks not given any specific directions for actions-sources Top 3 banks' total China credit exposure about 1%

via www.reuters.com
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