Industry
Walmart’s Dominance in US Retail Industry at Odds Following Announcement of Workers’ Layoffs, Relocations
Walmart's position as America's top retailer is in jeopardy following the announcement of significant layoffs and the mandate for remote employees to return to the office, signaling potential internal struggles and increased competition.
Embattled New York Community Bancorp to Sell $5 Billion of Mortgage Warehouse Loans to JPMorgan Chase
New York Community Bancorp (NYCB), a regional lender facing financial challenges, has announced its agreement to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase.
Tesco CEO Ken Murphy's Pay Skyrockets to £10M Following UK Supermarket's Stellar Performance
Tesco CEO Ken Murphy's pay jumps to £10M, doubling from last year due to stellar company performance.
China Slams New US Tariffs, Vows to Defend Economic Interests Amid Trade Tensions
Biden imposes extensive tariffs on Chinese imports, including semiconductors and EVs, escalating trade tensions. China vows to defend its interests and urges correction.