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Shein and Forever 21 are set to introduce a jointly branded fashion collection, with a primary focus on sales through Shein's website. (Photo: Next Shark)

3 min read

Business China U.S.

Shein and Forever 21 unite for a retail dream team

Post Date 10/27/2023

In an unexpected turn of events, two giants in the fashion industry, Shein and Forever 21, have set aside their rivalry to create a co-branded [more…]

Ellabell, GA - South Korea's Hyundai is swiftly constructing its inaugural electric vehicle (EV) manufacturing facility and it remains on schedule to commence production in 2025. (Photo: Hyundai)

3 min read

Business South Korea U.S.

Hyundai’s sprawling EV factory in Georgia nears completion

Post Date 10/25/2023

In a remarkable display of progress and innovation, Hyundai Motor Group is rapidly transforming a vast expanse of Georgia’s landscape into a state-of-the-art vehicle and [more…]

On Monday, Oct. 23, 2023, Chevron revealed its $53 billion purchase of the independent energy company, Hess Corporation. (Photo: AP)

3 min read

Business U.S.

Chevron acquires Hess in a $53 billion deal, expanding its energy footprint

Post Date 10/23/2023

In a strategic move set to reshape the energy landscape, Chevron Corporation announced on Monday that it will acquire the independent energy company, Hess Corporation, [more…]

Citgo Petroleum, the US-based subsidiary of Venezuelan state oil company PDVSA, is a 113-year-old company, which has been owned by Venezuela for almost 40 years. (Photo: Venezuela Analysis)

6 min read

Business U.S. Venezuela

Uncertainty surrounds Venezuela’s Citgo Petroleum as auction looms

Post Date 10/22/2023

In a gripping turn of events, the stage is set for a monumental shift in the energy industry, as the United States prepares to auction [more…]

Nike encounters intensified competition in running and lifestyle segments from Hoka and On. (Photo: Nike)

3 min read

Business U.S.

Nike struggles to keep pace in running and lifestyle categories, falling behind in innovation

Post Date 10/21/2023

Nike’s recent world record-setting moment with marathon runner Kelvin Kiptum wearing the Alphafly 3 gave the sportswear giant a glimmer of hope in the super-shoe [more…]

Major financial institutions are discreetly reducing their workforce, with further staff reductions on the horizon. (Photo: Adobe Stock)

3 min read

Business U.S.

Major U.S. banks cut 20,000 jobs despite strong economy, JPMorgan bucks trend

Post Date 10/20/2023

Throughout the year, the largest American banks have been discreetly letting go of employees, with further substantial reductions on the horizon. Despite an economy that [more…]

In addition to price hikes in the US, Netflix also announced price increases for some subscription tiers in the United Kingdom and France. (Photo: NBS News)

3 min read

Business U.S.

Netflix has once more increased its subscription fees

Post Date 10/19/2023

Netflix has implemented another round of price increases, with changes announced in its third-quarter earnings report. Specifically, the premium ad-free plan in the United States [more…]

Procter & Gamble, a major consumer goods company, reports increasing sales volumes in all key markets except for China. (Photo: ET | Brand Equity)

2 min read

Business China U.S.

P&G’s strong performance soothes consumer woes globally, with exception in China

Post Date 10/18/2023

Procter & Gamble (P&G) reported a 2.48% increase in its global performance, indicating a recovering consumer sentiment worldwide, except for one notable exception: China, the [more…]

Oct. 17, 2023 - Choice Hotels proposes a nearly $8 Billion deal to acquire larger competitor Wyndham Hotels & Resorts amidst travel surge. (Photo: Travel Path)

2 min read

Business U.S.

Wyndham Hotels offered $8 billion acquisition deal from Choice Hotels

Post Date 10/17/2023

Choice Hotels International is seeking approval from Wyndham Hotels & Resorts shareholders for an almost $8 billion buyout, following the breakdown of negotiations. Choice’s CEO, [more…]

Oct. 15, 2023 - Rite Aid, pharmacy chain, filed for Chapter 11 bankruptcy protection in New Jersey. (Photo: Patti Sapone | NJ Advance Media)

6 min read

Business U.S.

Rite Aid seeks bankruptcy protection amid declining sales and ongoing opioid lawsuits

Post Date 10/15/2023

Rite Aid, a prominent pharmacy chain in the United States, initiated a bankruptcy filing on Sunday, grappling with an immense debt load, dwindling sales, and [more…]