Boeing, one of the world’s largest aerospace manufacturers, is suing GKN Aerospace, a supplier of aircraft parts, over its decision to close its Hazelwood plant...
Global trade slump hits export-dependent economies hard
Global trade has contracted sharply in the past year, as the COVID-19 pandemic and supply chain disruptions have dampened consumer demand and lowered commodity prices....
China’s deflationary pressure threatens low-end restaurants and consumers
China’s consumer prices fell for the first time in 11 years in July, as the COVID-19 pandemic dampened consumer demand and lowered food prices. The consumer...
How to find cheap labor for your business: tips and advice
Cheap labor is the term used to describe workers who are paid low wages for their work. Cheap labor can be beneficial for businesses that...
X CEO Linda Yaccarino defends Elon Musk’s chaotic takeover of Twitter
Linda Yaccarino, the CEO of X, the social media platform formerly known as Twitter, has defended the controversial rebranding and ownership of the company by...
How to Use a Trademark Checker to Protect Your Business Name
A trademark checker is a tool that allows you to search for existing trademarks that may be similar or identical to your desired business name....
Ford and GM Shares Plunge as Car Prices Fall in July
Car prices in the U.S. fell by 0.2% year-over-year in July, according to the latest data from the Bureau of Labor Statistics. This was the...
Singapore Cuts 2023 Growth Outlook Due to Weak Global Demand
Singapore’s economy grew by 0.5% year-on-year in the second quarter of 2023, according to the Ministry of Trade and Industry (MTI) on Friday. This was...
UAW Demands Threaten to Hurt GM and Ford’s Profitability
The United Auto Workers (UAW) union is demanding a hefty pay raise and other changes from the Big Three US automakers: General Motors Co. (GM),...
Kenvue: A New Consumer Health Giant Emerges from J&J Spinoff
Johnson & Johnson (J&J), one of the world’s largest and most diversified healthcare companies, has completed the spinoff of its consumer health unit, Kenvue, in...
Investors React to US July CPI Release on Reddit
The US Bureau of Labor Statistics released the Consumer Price Index (CPI) data for July 2023 on August 10, 2023, at 8:30 am ET. The...
Amazon expands its primary care service One Medical in the US
Amazon, the online retail giant, is opening new locations of One Medical, the subscription-based primary care provider that it acquired earlier this year. The move...
Why Citi Analyst Says Li Auto Is a Buy and XPeng Is a Sell
The Chinese electric vehicle (EV) market is one of the largest and most competitive in the world, with dozens of players vying for a share...
WeWork shares plummet after bankruptcy warning
WeWork, the once high-flying startup that provides shared office spaces, has issued a warning about its ability to continue as a going concern due to...
Italy’s Prime Minister Faces Market Backlash over Windfall Tax Plan
Italy’s Prime Minister Giorgia Meloni faced a strong market backlash on Wednesday, after she announced a plan to impose a windfall tax on banks and...
Money Market Sweep Accounts: What Are They and How Do They Work?
Money market sweep accounts are a type of bank or brokerage account that automatically transfers excess cash into a higher interest-earning investment option, usually a...