Investments and Business

GlobalFoundries Seeks Talent Amid Growing Chip Demand

Ava Stringer

The semiconductor industry is actively seeking workers in a competitive labor market, driven by growing demand for talent and the need for funding from the CHIPS and Science Act, which…

HBC to Acquire Neiman Marcus Group for .65 Billion

Investments and Business

HBC to Acquire Neiman Marcus Group for $2.65 Billion

Ava Stringer

HBC, the parent company of Saks Fifth Avenue, has announced its acquisition of Neiman Marcus Group for $2.65 billion. The merger will unite two iconic luxury retailers under one roof.…

Ford CEO Announces Profitable K Electric Vehicle in 2 1/2 Years

Investments and Business

Ford CEO Announces Profitable $30K Electric Vehicle in 2 1/2 Years

Ava Stringer

At the Aspen Ideas Festival on Friday, Ford CEO Jim Farley announced that the company plans to launch a $30,000 all-electric vehicle that will be profitable in about two and…

Investments and Business

The Fed’s key measure shows inflation rose 2.6% in May from a year earlier, as expected

Ava Stringer

A key economic measure from the Federal Reserve revealed Friday that May's inflation rate was the lowest in three years. A report from the Commerce Department indicated that the Personal…

Investments and Business

Hong Kong IPO market shows signs of recovery, says EY

Ava Stringer

On June 21, 2024, Hong Kong Exchanges and Clearing celebrated its 24th listing anniversary, amid growing optimism about the future of the city’s IPO market. In an interview with CNBC,…

Investments and Business

Powell Highlights Progress on Inflation, But Calls for More Assurance Before Lowering Rates

Ava Stringer

Federal Reserve Chairman Jerome Powell on Tuesday expressed satisfaction with the progress made over the past year in tackling inflation, but stressed that more confidence was needed before considering a…

Investments and Business

Morgan Stanley says this stock could consolidate China’s electric vehicle sector

Ava Stringer

Shares of Chinese electric car makers started the new year on a downtrend, facing stiff competition and ongoing price wars that are eroding automakers’ profitability amid weak overall market sentiment.…

Investments and Business

Starbucks’ Strategy to Improve Customer and Barista Experience

Ava Stringer

Starbucks locations across the country are rolling out new measures to streamline drink ordering and reduce wait times. The revamp comes as the coffee chain anticipates a surge in mobile…

Investments and Business

Fed Governor Bowman says he is still open to raising rates if inflation doesn’t improve

Ava Stringer

Federal Reserve Governor Michelle Bowman said Tuesday that now is not yet the right time to start reducing interest rates. She added that she would be willing to raise rates…