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Business News

Location American Business News for 26 August 2024
Immigrant hotel owners say NYC bill that bans outsourcing jobs would 'destroy' their American Dream A group of first generation South Asian immigrant hotel owners have launched a new advocacy group to fight against the City Council's controversial bill to micromanage the industry.
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Low-income consumers are still struggling. Now the cracks are starting to show for higher-income ones, survey finds. Mizuho said Monday its August consumer survey found that low-income consumers, who account for 22% of total U.S. household spending, are continuing to struggle. But the cracks were also starting to show for higher-income...
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IBM closing research unit in China, Wall Street Journal reports IBM is reportedly cutting 1,000 jobs after its revenue from China fell nearly 20% in 2023.
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SolarEdge's stock surges as CEO steps down after 5 years in the role SolarEdge's stock charged higher in early Monday trading, after the solar-power-equipment maker said its chief executive of the past five years, Zvi Lando, has stepped down.
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Oil prices climb more than 2% amid escalating Middle East tensions Oil prices were surging on Monday morning as the escalating conflict between Israel and Hezbollah over the weekend has heightened worries that the war in Gaza could disrupt regional oil supplies.
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Gen Z is redefining sick days

Business Insider - 26 Aug 2024 11:21
Gen Z is redefining sick days Americans are calling out sick and taking more mental health days. Gen Z is driving the change.
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One week before a big interview, Sarra Bounouh schedules practice interviews with mock partners. She doesn't do anything the day before the interview.
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Ethereum Foundation Defends $96.9M Transfer Amidst Criticism On Aug. 23, 2024, the Ethereum Foundation made a significant transaction by transferring 35,000 ETH, valued at approximately $96.9 million based on current ether rates. The transaction sparked some criticism from the cry...
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Why Telegram CEO Pavel Durov's arrest could weaken your online freedom Telegram has long been a thorn in the side of governments worldwide.
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Orange Juice Futures Hit All Time High Numbers Amidst Agricultural Commodity Rally The price of frozen concentrate orange juice futures contract has reached all-time high numbers this month, hitting 514.65ยข per lb and setting the stage for retail prices to skyrocket. The commodity, made famous by its ...
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Leslie's named Jason McDonell as its next chief executive, succeeding Michael Egeck, who left the pool and spa supply retailer a little over a month after the company cut its outlook amid difficult industry conditions.
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Campbell Soup has sold its Pop Secret popcorn brand to the snack company Our Home for an undisclosed amount.
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It's Time to Build a Sustainable Blockchain Ecosystem For years, the industry has created and lost value without establishing real business models. It's time to demonstrate that we're on the path to turning blockchains and the applications built on them into real businesses...
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Babe Ruth's Yankees jersey from his 'called shot' home run in the 1932 World Series sells for $24 million, becoming the most valuable piece of sports memorabilia.
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Peloton slammed over $95 activation fee for used bikes -- on top of monthly fee: 'egregious money grab' "It just screams that this company wants to scam you with every fee it can. You're already getting a monthly fee."
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The FTC said the combination of the two supermarket companies would obliterate competition, leading to higher prices and lower-quality products for Americans.
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Here are the 5 longest-distance sniper kills in military history In November 2023, a Ukrainian sniper broke the world record for the longest-distance sniper kill after he shot a Russian soldier from 2.36 miles away.
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Former P.F. Chang's CEO to take helm at Red Lobster -- as bankrupt chain plans to shut 23 more locations Damola Adamolekum would take the helm at the Orlando, Fla.-based lobster chain pending the completion of its sale to Fortress Investment Group, which is set for next month.
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Apple names Kevan Parekh to replace CFO Luca Maestri

Market Watch - 26 Aug 2024 22:57
Apple names Kevan Parekh to replace CFO Luca Maestri VP of financial planning and analysis and 11-year Apple Inc. veteran takes the reins next year.
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The PAVE task force may be coming to a close, but the work has just begun The interagency Property Value and Appraisal Equity initiative, which was tasked by the Biden Administration with rooting out bias in home valuations, appears to have run its course. But experts say it could be years bef...
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Shorts to a job interview? 'Very demure' makeup? Gen Z is still confused about how to show up to work. For young employees, the learning curve on appropriate workwear has been steep. Managers blame the rise of remote work.
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Inflection AI said the Pi chatbot will continue to operate free, although the free users will have certain message limits like ChatGPT.
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