Category: Business
The Olive Oil Crisis Eases, But Prices Will Stay High
After two years of failed harvests, the olive oil crisis that gripped kitchens worldwide is finally easing. Spanish farmers, responsible for nearly a third of [more…]
Sony Becomes KADOKAWA’s Largest Shareholder in Strategic Alliance
In a landmark collaboration, KADOKAWA CORPORATION and Sony Group Corporation have announced a strategic capital and business alliance to bolster their global content and intellectual [more…]
Trump’s Battle with Biden’s EV Agenda Faces California Roadblock
President-elect Donald Trump has vowed to dismantle President Joe Biden’s aggressive push for electric vehicles (EVs), but a last-minute decision by the Biden administration may [more…]
Walmart Tests Body Cameras for Staff Amid Safety Concerns
Walmart has begun testing body-worn cameras for store-level associates as part of a pilot program at select U.S. locations. Signs have appeared at store entrances, [more…]
Former Microsoft Employees Launch Lica: AI Tool for Effortless Video Creation
Two former Microsoft employees, Priyaa Kalyanaraman and Purvanshi Mehta, have co-founded Lica, a startup designed to revolutionize the creation of tutorial and product videos from [more…]
Intel’s CEO Exit Sparks Investor Unrest Amid Troubled Year
Intel Corporation’s decision to part ways with CEO Pat Gelsinger has further unsettled a company already grappling with significant challenges in 2023. The sudden leadership [more…]
Retailers Raise Store Card APRs to Record Highs Ahead of Fed Rate Cuts
Dozens of major U.S. retailers increased the interest rates on their store-branded credit cards to record levels in the year before the Federal Reserve began [more…]
Schneider Electric Ousts CEO Peter Herweck in Surprise Move
In a surprising move, Schneider Electric (SCHN.PA) has removed CEO Peter Herweck from his position due to differences in how the company’s strategy was being [more…]
Eli Lilly’s Stock Faces Setback After Weight-Loss Drug Sales Miss Estimates
Eli Lilly, the world’s most valuable drugmaker, saw a sharp decline in its stock price after missing quarterly sales expectations for its blockbuster weight-loss drugs, [more…]
General Motors Reports Strong Q3 Earnings, Eyes Record Profits for 2024
General Motors (GM) surprised analysts with much stronger-than-expected third-quarter earnings, positioning the company for potentially record-breaking profits in 2024. This impressive performance comes just a [more…]
