Industry

Joe Biden Slams Corporations Over Soaring Consumer Prices, Says 'It’s Time to Stop the Price-Gouging'

Joe Biden Slams Corporations Over Soaring Consumer Prices, Says 'It’s Time to Stop the Price-Gouging'

President Joe Biden has criticized corporations for maintaining high consumer prices despite a slowdown in the rate of inflation.


Alibaba Co-Founder Jack Ma, the Chinese Tech's Poster Boy, Moves Into Food Business

Alibaba co-founder Jack Ma, a longstanding figure in China's technology sector, is diversifying his business ventures into the food industry with the establishment of a new company, "Hangzhou Ma's Kitchen Food."

US Chip Export Ban Is Taking a Toll on Chinese AI Startups

Amid the escalating trade tensions between the United States and China, the impact of the US chip export ban is reportedly taking a toll on Chinese artificial intelligence (AI) startups.

US Airlines Adopt New Strategies to Speed Up Turnaround Time for Planes to Save on Costs

Airlines are adopting new strategies to streamline operations and reduce costs in the highly time-sensitive world of air travel.


Latest News

Black Friday Sales in Trouble? US Retailers Strike Cautious Tone as Holiday Shopping Outlook Looks Gloomy
With gloomy holiday forecasts from retailers, a wave of caution fills the Black Friday shopping air.
Disney is looking up at the stars on "Wish" to regain its theatrical success in the post-pandemic cinematic realm.
Turkey Prices Drop, Making Thanksgiving Dinner Cheaper This Year, Says American Farm Bureau Federation
The traditional Thanksgiving gathering is poised to become more accessible to households nationwide as the American Farm Bureau Federation reported a downward trajectory in turkey prices.
Black Friday Deals Occur Earlier Than Usual This Year, Signaling Concerns About Holiday Demand
October has reportedly witnessed a notable surge in early Black Friday discounts, surpassing levels seen in previous years.
Target CEO Says Company Gets 'Big Thank You' From Shoppers for Controversial Measure to Stop Theft
Target CEO Brian Cornell has asserted that customers are expressing unexpected gratitude for the retail giant's unconventional strategy of locking up everyday merchandise.
Home Depot Offers Hope of Future Growth Despite Sales Decline, Says the Worst of Inflation Is Over
Retail giant Home Depot offers a ray of hope to investors and consumers by asserting that the worst inflationary storm is behind us despite declining sales.
Amazon Layoffs: More Than 180 Employees in Games Division Axed
Amazon has cut more than 180 jobs in its Amazon Games division as part of reshaping its presence in the gaming industry.
UK to Host Second Global Investment Summit This Month, Attracting Top Banking Executives Worldwide
The second Global Investment Summit (GIS 23) will take place on November 27, according to UK Prime Minister Rishi Sunak.
Airlines Offer Cheap Flights for Off-Peak Travel as JetBlue, Southwest, Spirit and Frontier Look to Fill Seats
Carriers like Southwest Airlines have recently offered one-way fares as low as $29 for off-peak flights, signaling an industry-wide push to entice passengers during traditionally slower travel periods.
China’s Chipmaker SMIC Raises 2023 Annual Budget to $7.5 Billion as It Rushes to Buy Semiconductor Tools Amid US Sanctions
China's top chipmaker, Semiconductor Manufacturing International Corp (SMIC), has raised its 2023 annual budget to $7.5 billion, an 18 percent jump over 2022, amid US sanctions.
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