Industry

Walmart’s Dominance in US Retail Industry at Odds Following Workers’ Layoffs, Relocations

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.


Latest News

Elon Musk's Tesla Settles Sexual Harassment Lawsuit by Ex-Worker Who Claimed She Was Fired After Being Harassed 100 Times
Elon Musk's Tesla has settled a lawsuit filed by a former factory worker who claimed she was dismissed after reporting sexual harassment incidents.
OpenAI Startup Fund Secures Additional $5 Million in Latest Funding Round
The OpenAI Startup Fund has successfully raised an additional $5 million. The OpenAI Startup Fund has successfully raised an additional $5 million, according to a filing with the US Securities and Exchange Commission (SEC).
Joe Biden Signs Law Banning Uranium Imports From Russia to Revive America's Nuclear Fuel Industry
President Joe Biden has signed a bipartisan bill that bans imports of enriched uranium from Russia. Uranium is the fuel most used by nuclear power plants.
Boeing Firefighter Lockout Draws Protests From Union Leaders, Lawmakers
Union leaders and lawmakers on Monday strongly criticized Boeing for locking out its unionized firefighters and urged the company to reach a fair contract agreement.
SAFRICA-POLITICS-ELECTION
South Africa faces a significant corporate exodus, raising economic concerns. Major departures like BNP Paribas and Shell highlight regulatory instability and threatening investment.
IRAN-ECONOMY-CHABAHAR
India secured a 10-year Chabahar Port deal with Iran, bypassing Pakistan's Gwadar. The investment totals $370 million. The move strengthens regional ties and enhances trade routes amid escalating tensions.
[REPORT] California's Secret Gas Tax Hike Could Happen; Senator Says It's Like 'Tax on the Tax'
California's secret gas tax hike could soon arrive, as revealed by a new report. Should Americans be worried?
South Korea to Provide Chip Investment and Research Support Package Valued Over $7 Billion
South Korea is planning to release a chip investment and research support package worth over $7.3 billion.
Chuck Schumer Calls on FTC to Halt Chevron-Hess $53 Billion Merger
Chuck Schumer's call to action is based on his concern that such mergers could grant oil giants excessive influence over gas prices, leading to potential price increases that would impact consumers.
Elon Musk Slams Mark Zuckerberg's Meta for Engaging in 'Super Greedy' Advertising Practices
Elon Musk, who owns the social media platform X, has criticized Meta for being "super greedy" in taking credit for advertisers running campaigns on its platform.
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