The S&P 500 dipped 0.5 percent, flirting with correction territory for the third day this week. Analysts had expected the company to say it lost more than $300 million in the fourth quarter. The agency’s four commissioners voted unanimously to revoke the license for the American subsidiary of China Unicom, saying the company could access or reroute American communications and engage in spycraft. The commission also accused China Unicom, one of China’s largest mobile service providers, of misleading the agency and Congress. The unanimous ruling is the latest in a series of defeats for prosecutors in the United States and Britain, as more than a dozen traders have been acquitted at trial or had their convictions overturned. In 2017, another appellate panel from the Second Circuit tossed out the Libor manipulation convictions of two former Rabobank traders.
- But that increase would still outpace the annual average from 2010 to 2019.
- In the days before Ms. Williams’s letter, union supporters said the company was continuing to intimidate and monitor employees at three more Buffalo-area stores that had filed petitions for union elections.
- Where businesses share ideas, opportunities and challenges with climate change.
- Starbucks workers celebrated the outcome of the vote this month to unionize in Buffalo.
While employers do have some wiggle room to adjust pay within certain situations, significant reductions without your consent can lead to complex legal challenges. May 20, 2024 • Johansson says she was approached multiple times by OpenAI to be the voice of ChatGPT, and that she declined. Then the company released a voice assistant that sounded uncannily like her. May 21, 2024 • Target joins other retailers trying to draw inflation-weary shoppers to stores.
Kia presents the 11th Skill World Cup to uncover top mobility technicians worldwide
The company targets delivery of 29,000 to 32,000 vehicles during the second quarter – a leap of 25% to 37%. Elon Musk, CEO of Tesla Inc., expressed opposition to US tariffs on Chinese electric vehicles on Thursday, reversing his previous conc… Burger King, which is owned by Restaurant Brands International, is to reintroduce its $5 Your Way Meal to entice customers in the face of a …
Government unveils its most significant steps yet to address slump in the country’s property sector. A rebound in foreign demand has helped push export growth higher for China, often called the world’s factory. The strong numbers are distorted because they are compared to 2020, when most of China’s factories were in pandemic lockdown. China’s industrial output grew 35.1% in January and February compared to the same months last year.
A Tax Policy Perspective with Edna Gitachu, PwC Kenya Tax Policy Lead
Most Americans are dealing with high levels of credit card debt, but Gen Z is particularly prone to high credit card debt. Barstool Sports founder and President Dave Portnoy weighs in on the new tipping trend that has caused consumers to further squeeze their bank accounts. Boeing released its annual safety report which showed a 500% increase in submissions to its safety and quality tip line as the aerospace giant prepares to submit a report to regulators. Restaurants Canada says an increase in the farm-level price of chicken in B.C. Canada’s Competition Bureau has launched investigations into the parent companies of grocery chains Loblaws and Sobeys for alleged anticompetitive conduct, court documents reveal, with Sobeys’ owner calling the inquiry “unlawful.” Our morning newsletter will keep you updated on program highlights of the day’s top stories.
- Mr. Cook said much of the difficulty stemmed from procuring a particular type of computer chip, but he did not think the struggles necessitated Apple re-evaluating how it operated its supply chain.
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- Intellia has one treatment entering the critical third phase of clinical trials and will soon have a second.
- Price increases on Big Macs, Chicken McNuggets and other food items helped McDonald’s more than offset sharp rises in food and labor costs and propelled the company’s revenues for 2021 to the highest level since 2016.
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Tips on retirement, paying for college, credit cards and the right way to invest. U.A.W. Seeks a New Election at Mercedes-Benz Plants in AlabamaThe union, which lost an organizing vote at two factories last week, argued to federal officials that the automaker had violated labor laws. Reebok Isn’t a ‘Hobby’ for Shaquille O’NealAfter pushing to be in charge of the company’s return to basketball, the Hall of Famer understands the stakes. From Waiter to Guest at Nantucket’s Grande Dame HotelA writer returns to a classic Massachusetts hotel, where he worked 50 years ago, to ponder how he, the island, and the newly refurbished inn, have changed. Executive communications experts say the gig is becoming a harder sell for business leaders. The Fortune Recommends top picks for the best high-yield savings accounts offers customers the chance to earn over 5% APY.