China records the lowest American business confidence in decades
In the midst of escalating tensions between Beijing and the Western world, U.S. corporations are expressing the most pessimistic outlook on conducting business in China [more…]
Category: U.S.
TikTok ventures into shopping, posing a formidable challenge to Amazon, Walmart, Target, and other social media giants
TikTok has introduced a fresh shopping platform, sparking numerous comparisons to divisive fast-fashion e-commerce giants like Shein and Temu. This platform enables users to purchase [more…]
The high-cost battle of Hollywood studios with the streaming model
Netflix, the streaming giant that has redefined the way we consume entertainment, operates on a business model that has disrupted the traditional television and film [more…]
Airline stocks feeling the pressure as airfare prices continue to drop
Airlines in the United States are grappling with reduced airfares as travelers opt for European vacations instead of domestic trips. In August, airfare prices across [more…]
China places Northrop Grumman and a unit of Lockheed Martin on its blacklist due to their involvement in arms sales to Taiwan
Beijing has taken punitive measures against two American companies due to their involvement in arms sales to Taiwan and has issued a stern warning of [more…]
The United Auto Workers union initiates strikes at GM, Ford, and Stellantis
For the first time in its history, the United Auto Workers union has simultaneously initiated strikes against General Motors, Ford, and Stellantis, marking a significant [more…]
Howard Schultz, former Starbucks CEO, steps down from company’s board of directors
On Wednesday, Starbucks disclosed that Howard Schultz, its former long-serving CEO, will be stepping down from his board member position, yet he will continue to [more…]
MGM Resorts faces major disruption as cyberattack strikes multiple locations
A cyberattack has successfully penetrated the computer system of MGM Resorts, compelling the company to halt operations at approximately a dozen renowned casino hotels in [more…]
Jelly giant Smucker has reached an agreement to acquire Hostess Brands, the maker of Twinkies, for $5.6 billion.
JM Smucker, the 126-year-old company known for products like fruit spreads, Jif peanut butter, and Folgers coffee, has announced its acquisition of Hostess Brands, the [more…]
Vietnam Air and Boeing are on the verge of finalizing a nearly $7.5 billion agreement for the purchase of 50 737 Max planes
Vietnam Airlines is anticipated to formalize a preliminary agreement to acquire approximately 50 Boeing 737 Max aircraft in a transaction valued at roughly $7.5 billion, [more…]