Business
- BusinessReuters
Coca-Cola signs $1.1 billion deal to use Microsoft cloud, AI services
Microsoft said on Tuesday that Coca-Cola had signed a $1.1 billion five-year deal to use its cloud computing and artificial intelligence services. Coca-Cola had in 2020 signed a five-year deal worth $250 million to use Microsoft's cloud and business software. The two companies said Coca-Cola would test Microsoft's Copilot offerings to see how the tools improve productivity for the beverage maker.
1 min read - BusinessBloomberg
Hong Kong Developer Weighs Stake Sale in London Office Skyscraper Project
(Bloomberg) -- Hong Kong developer Lai Sun Development Co. is considering options for a planned office tower in the City of London, including a potential sale of a stake in the project.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosZimbabwe’s ZiG Wipes Out 330% Stocks RallyApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020The group has ap
2 min read - BusinessMotley Fool
Better Buy: Pfizer vs. Viking Therapeutics
These two pharma stocks have followed distinct paths of late. Which is the better investment?
4 min read - WorldUSA TODAY
Earth Week underway as UN committee debates plastics and microplastics. Here's why.
Plastic has become ubiquitous in our environment. It's now considered "a crisis of global proportion," according to as United Nations' committee.
6 min read - BusinessBloomberg
Kushner Targets Zamp Board After $200 Million Bet With Mubadala
(Bloomberg) -- Affinity Partners, the private equity firm founded by Jared Kushner, is seeking to add a director to the board of Brazil-based fast-food firm Zamp SA after investing in the company earlier this year.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosZimbabwe’s ZiG Wipes Out 330% Stocks RallyApple’s China iPhone Sales Dive 19% in Worst Quart
2 min read - BusinessTechCrunch
Texture makes a bid to become the world’s go-to platform of the energy transition
Platform is a word that gets tossed around a lot in technology circles, so much so that it’s often misused. Serial startup veteran Sanjiv Sanghavi, who has logged experience as the co-founder of ClassPass and chief product officer at Arcadia, thinks it’s high time the energy transition birthed its equivalent. In fact, he spent years as a venture partner at Day One Ventures looking in vain to invest in such a company.
3 min read - BusinessMotley Fool
Should You Buy McDonald's Stock While It's Below $280?
This dominant restaurant chain has been at the top of the industry for a long time.
4 min read - TechnologyTechCrunch
With Easel, ex-Snap researchers are building the next-generation Bitmoji thanks to AI
Easel is a new startup that sits at the intersection of the generative AI and social trends, founded by two former employees at Snap. There’s a reason why I mentioned that the co-founders previously worked at Snap before founding Easel. While Snap may never reach the scale of Instagram or TikTok, it has arguably been the most innovative social company since social apps started taking over smartphone home screens.
5 min read - BusinessBloomberg
Oil Erases Earlier Gains With Middle East Political Risk Cooling
(Bloomberg) -- Oil flipped from gains to losses as a lull in hostilities in the Middle East countered positive indications in wider markets. Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosZimbabwe’s ZiG Wipes Out 330% Stocks RallyApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020Brent traded lower near $86 after earlier adding as much as
2 min read - BusinessBusiness Insider
See one of the world's biggest aircraft 'graveyards' where planes go to die — and airlines can dissect them for parts
Pinal Airpark is commonly known as the boneyard where aircraft go to die, but there's more going on besides just dismantling old jets.
8 min read - BusinessBloomberg
Enel Raises Coupons in Move Affecting About $11 Billion of Bonds
(Bloomberg) -- Enel SpA will raise the coupons it pays investors on several so-called sustainability-linked bonds, after the Italian energy company triggered a penalty by missing its greenhouse-gas emissions targets.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosZimbabwe’s ZiG Wipes Out 330% Stocks RallyApple’s China iPhone Sales Dive 19% in Worst Qua
2 min read - BusinessReuters
Fisker may seek bankruptcy protection in 30 days if unable to meet debt obligations
The cash-strapped EV startup said it had failed to make an interest payment of about $8.4 million on some notes due in 2026 during a 30-day grace period. Fisker was also delisted by the New York Stock Exchange in March as its shares traded at "abnormally low" price levels. Fisker said its cash balance reduced to $325.5 million in 2023 from $736.5 million in 2022.
1 min read - LifestyleMotley Fool
Why I Don't Care About Airlines' Elite Status, Even Though I'm a Frequent Flyer
Frequent flyers with elite status can get lots of complimentary benefits. Here's why it's not always worth the hassle, even if you fly often.
4 min read - BusinessBloomberg
ECB Can Cut Rates If Data Confirm Economic Forecast, Nagel Says
(Bloomberg) -- The European Central Bank can envisage reducing borrowing costs if new forecasts and fresh data confirm consumer-price growth is headed back to 2%, Governing Council member Joachim Nagel said.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosZimbabwe’s ZiG Wipes Out 330% Stocks RallyApple’s China iPhone Sales Dive 19% in Worst Quarter Sinc
1 min read - USThe Daily Beast
Baltimore Says Dali Owners’ Negligence Caused Francis Scott Key Bridge Collapse
Nathan Howard/ReutersThe companies that own and operate the cargo ship that destroyed the Francis Scott Key Bridge last month were negligent and should be held legally liable for the disaster, the City of Baltimore argued in a legal filing Monday.The Singapore-based firms said in their own filing last month that the March 26 bridge collapse—in which six construction workers were killed—was not “due to any fault, neglect, or want of care” on their part and asked a federal judge to impose a limit
2 min read - BusinessBloomberg
Crypto.com Postpones Expansion Into South Korea Retail Market
(Bloomberg) -- Just six days before its planned retail expansion, the crypto exchange Crypto.com postponed its launch in South Korea so it can communicate further with regulators. Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosZimbabwe’s ZiG Wipes Out 330% Stocks RallyApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020“Korea is a difficult
2 min read - BusinessMiami Herald
Delta gives workers pay hikes and higher minimum wage. One union calls it ‘crumbs’
See what Delta is offering and why one group is not impressed
4 min read - BusinessReuters
Tesla aims to cut 400 jobs in Germany via voluntary programme
FRANKFURT (Reuters) -Tesla on Tuesday said it was targeting 400 job cuts at its German gigafactory near Berlin, adding the plan was to achieve this through a voluntary programme instead of forced layoffs. "The currently weakening sales market for electric cars is also presenting Tesla with challenges," the company said in a statement, adding talks were being held with the plant's works council about the cuts. Tesla's Gruenheide site employs more than 12,000 staff and the carmaker last week sai
1 min read - BusinessBloomberg
Germany Probes ‘Spotless’ Bank Bonds Over Real Estate Values
(Bloomberg) -- Germany’s financial regulator BaFin is taking a closer look at the real estate used by lenders to secure covered bonds known as Pfandbriefe, a €400 billion market traditionally considered among the safest in credit.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosZimbabwe’s ZiG Wipes Out 330% Stocks RallyApple’s China iPhone Sales Dive 19
3 min read - BusinessForkast News
Ripple contests SEC’s US$2 bln fine, suggests US$10 mln
Ripple challenges SEC's penalty, arguing for a reduced $10 million fine in a legal dispute.
1 min read - BusinessInsider Monkey
Eli Lilly and Company (LLY) Rose due to Robust Q4 Sales
Baron Funds, an investment management company, released its “Baron Health Care Fund” first quarter 2024 investor letter. A copy of the same can be downloaded here. The fund advanced 8.92% (Institutional Shares) in the quarter compared to an 8.52% gain for the Russell 3000 Health Care Index (benchmark) and a 10.56% increase for the S&P […]
2 min read - BusinessBloomberg
Hungary Further Slows Rate Cuts to Help Anchor Volatile Forint
(Bloomberg) -- Hungary further slowed the pace of cuts to the European Union’s highest key interest rate, with policymakers seeking to anchor the volatile forint in a riskier economic environment. Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosZimbabwe’s ZiG Wipes Out 330% Stocks RallyApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020The
2 min read - LifestyleMotley Fool
Should You Join Costco if You're Already an Amazon Prime Member?
Doubling up on an Amazon Prime and Costco membership might work to your benefit. Read on to see why.
4 min read - BusinessSourcing Journal
Sourcery Turns to Denim Industry to Expand Direct-to-Grower Program
Sourcery is inviting up to ten denim mills, manufacturers and vertical manufacturers to become a Provisional Direct-to-Grower Manufacturer Partner.
2 min read - BusinessTechCrunch
Bump raises $3 million seed to help creators manage finances
James Jones’ father was an engineer. “I also often had creators complain about the lack of ownership over their creative assets and how painful it was to get loans, mortgages, or generally create generational wealth opportunities for themselves and their families,” Jones told TechCrunch. Jones said the pandemic brought forth a new set of challenges for creators: So many of them were at home trying to figure out how they would earn money and what to do next.
3 min read - Businessetf.com
Irrational Capital's HAPI Is Outperforming the S&P 500
The issuer weights companies based on data about employee satisfaction—not financial metrics.
2 min read - BusinessFreightWaves
Semi-Stow rebrands as Outpost, raises $12.5M
Commercial vehicle parking and storage provider Semi-Stow is now Outpost. It hopes to double its existing properties after an infusion of $12.5 million in Series A funding. The post Semi-Stow rebrands as Outpost, raises $12.5M appeared first on FreightWaves.
3 min read - BusinessInsider Monkey
Here’s Why Merck & Co. (MRK) Outperformed in Q1
Baron Funds, an investment management company, released its “Baron Health Care Fund” first quarter 2024 investor letter. A copy of the same can be downloaded here. The fund advanced 8.92% (Institutional Shares) in the quarter compared to an 8.52% gain for the Russell 3000 Health Care Index (benchmark) and a 10.56% increase for the S&P […]
2 min read - BusinessBBC
Petrol prices on UK forecourts hit 150p a litre
Rising oil prices have lifted the cost of filling up but it may prove short-term, claim experts.
3 min read - LifestyleDigital Trends
This 40-inch TV is under $150 right now, and it’s selling fast
Walmart has cut the price on the Vizio 40-inch D-Series TV making it even more affordable for anyone who wants a cheap TV.
2 min read - LifestyleMotley Fool
I Always Fly Business Class. Here's What I Look for When Booking My Flights
Flying business class is a great way to upgrade your travel experience. Learn what to look for when booking business class, so you can make the most of it.
5 min read - BusinessBloomberg
Tesco’s ‘Fire and Rehire’ Practices Get UK Top Court Scrutiny
(Bloomberg) -- A group of Tesco employees took the grocer to the UK’s highest court over the use of the controversial “fire and rehire” tactic that helps employers to cut costs.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayZimbabwe’s ZiG Wipes Out 330% Stocks RallyBillionaire Pinaults Fight to Pull Gucci Off the Discount RackApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020The distribut
2 min read - BusinessBloomberg
Russia's Crude Exports Cling to Gains With Refineries Hobbled
(Bloomberg) -- Russia’s seaborne crude exports maintained a multimonth high in the four weeks to April 21 as the country’s refineries struggled to recover from flooding and Ukrainian drone attacks.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayZimbabwe’s ZiG Wipes Out 330% Stocks RallyBillionaire Pinaults Fight to Pull Gucci Off the Discount RackApple’s China iPhone Sales Dive 19% in Worst Quarter Sin
8 min read - BusinessAFP
London stock market strikes record as sentiment lifts globally
London's FTSE 100 stocks index hit record highs Tuesday, catching up with major global peers that have struck all-time peaks this year as inflation cools.London's FTSE 100 reached 8,076.52 points shortly after the open, surpassing a record 8,047.06 struck in February last year.
3 min read - BusinessBloomberg
Japan Is ‘Very Close’ to Intervention, Former Forex Chief Says
(Bloomberg) -- Japan is on the brink of currency intervention if the yen weakens any further, according to one of the country’s former top currency officials. Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosZimbabwe’s ZiG Wipes Out 330% Stocks RallyApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020“Amid no change in US and Japan interest r
4 min read - BusinessMilwaukee Journal Sentinel
Milwaukee and Wisconsin saw some of the fastest-rising rent prices in the U.S. this year
Between March 2023 and March 2024, median rent prices increased over 6% in both Milwaukee and Wisconsin, a new Rent.com report finds.
4 min read - WorldFinancial Times
Sweden’s green industrial revolution hits speed bumps
Greetings from Rotterdam, where I am at the World Energy Congress, which draws together thousands of people from the global energy industry every...
5 min read - TechnologyFortune
AI startup Prime Intellect raises $5.5M to build high-powered, decentralized research platform
Prime Intellect announced a seed raise to help launch a decentralized platform on which researchers can collaborate and build open-source AI models.
3 min read - BusinessMotley Fool
3 Reasons Why I Sold Ethereum and Never Looked Back
The coin's potential has been very slow to materialize.
5 min read - BusinessCNN Business
Huawei sales are soaring in China as Apple sinks
Huawei is not only making a roaring comeback in China, it is also on the verge of overtaking Apple in the world’s largest smartphone market.
2 min read - BusinessThe Wall Street Journal
Apple iPhone Sales Slump in China Amid Huawei’s Comeback
Apple’s smartphone sales in the world’s largest smartphone market dropped sharply, placing the company third overall behind local rivals, Vivo and Honor.
2 min read - OpinionMissouri Independent
The Credit Card Competition Act would harm Missouri’s small businesses
As any small business owner knows, the customer experience is just as important as the quality of products or services we offer. For my wellness and beauty business, AN Skin & Beauty in O’Fallon, my customers expect and depend on being able to shop our products in my store and online with ease and peace-of-mind. […] The post The Credit Card Competition Act would harm Missouri’s small businesses appeared first on Missouri Independent.
4 min read - BusinessReuters
Goldman and BofA face renewed calls to split CEO, chairman's roles
Goldman Sachs and Bank of America will face challenges on Wednesday as proxy advisers recommend investors vote for the banks to separate their CEO and chairman's roles, in an effort to improve the companies' governance. With support from influential proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis, some investors are leaning towards supporting shareholder resolutions to split the roles, but getting wider support will be tough. "I would love for a company on the echelon o
4 min read - BusinessBloomberg
Ping An Profit Falls as Market Rout Hurt Investment Returns
(Bloomberg) -- Ping An Insurance (Group) Co.’s profit dropped 4.3% in the first quarter as stock-market declines and falling bond yields eroded investment returns. Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosZimbabwe’s ZiG Wipes Out 330% Stocks RallyApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020Net income fell to 36.7 billion yuan
2 min read - BusinessReuters
GE Aerospace lifts 2024 profit forecast amid supply-chain challenges
(Reuters) -GE Aerospace on Tuesday raised its full-year profit forecast even as it continues to wrestle with supply-chain challenges to keep up with strong demand for jet engines. The company has been benefiting from a surge in demand for after-market services as a strong rebound in travel and a shortage of aircraft due to production and engine issues has forced carriers to keep older jets in the air for longer. Analysts say planemaker Boeing's ongoing safety crisis is also expected to be a ne
3 min read - BusinessFortune
EU warns it’ll suspend TikTok’s new Lite app for its ‘toxic and addictive’ watch-for-rewards feature that allegedly endangers kids
“We suspect TikTok ‘Lite’ could be as toxic and addictive as cigarettes ‘light’,” EU commissioner Thierry Breton said.
3 min read - BusinessFortune
Stripe CEO says he used to be a ‘misanthropic introvert’ and would still prefer to be a ‘cave dweller’ than work in the office
Around 40% of Stripes employees are fully remote, but CEO Collison has to go into the office despite his introverted personality.
3 min read - BusinessZacks
3 Healthcare Mutual Funds to Grab as the Sector Continues to Rebound
JNGLX, VGHCX and FPHAX are three healthcare mutual funds that can lend solidity to one's portfolio today and provide big returns in the foreseeable future.
4 min read - BusinessBloomberg
Gold Falls Again After Biggest Daily Slump in Almost Two Years
(Bloomberg) -- Gold extended losses after its biggest daily decline in almost two years, as investors focused on easing Middle East tensions and signs the Federal Reserve will keep rates higher for longer.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosZimbabwe’s ZiG Wipes Out 330% Stocks RallyApple’s China iPhone Sales Dive 19% in Worst Quarter Since
2 min read - BusinessMilwaukee Journal Sentinel
Kikkoman Foods acquires 100-acre site in Jefferson for a $560 million factory
Kikkoman Foods acquires 100-acre manufacturing site in Jefferson.
2 min read
