Credit Suisse, the Risk-Taking Swiss Banking Giant, Succumbs to Crisis
The bank’s agreement to be bought by rival UBS marks the end of 167 years as an independent institutionUBS agreed...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Labor Strife at New York Times Intensifies, Dividing Staff
The publisher calls the lack of progress in negotiations troubling, as staffers air frustrations in Slack. Source link
UBS Close to Deal to Buy Credit Suisse for Over $2 Billion
MarketsFinanceDeal is part of effort to prevent further erosion of confidence in banking system Source link
Why It Matters Whether a Robot Is Given a Gender
Humans feel a greater sense of attachment to robots they consider to be male or female, a study found. But...
War in Ukraine Has Supercharged This German Weapons Maker
Russia’s invasion of its neighbor has made Rheinmetall AG, a once low-profile German manufacturer, a key player in the global...
The Technology Skills Every Employee Should Have Today
Journal Reports: TechnologyWhat Is a Digital Twin? And How Can It Make Companies—and Cities—More Efficient?By Jackie SnowMarch 17, 2023 at...
Europe Moves to Revive Mining to Cut Reliance on China
Competition for supplies of minerals and metals—and anticipated battery demand—is pushing the European Union to jump-start an industrial sector that...
How Gossip Helped Propel Miley Cyrus to the Top of the Charts
To the casual listener, Miley Cyrus’s January hit single “Flowers” is a sultry pop song with a feminist bent, an...
Pain In the Tech Industry Is Beginning to Hit the Rest of Us
The effects of the Silicon Valley Bank failure filter through the economy beyond tech, as up to one in five...
Biden Asks Congress for More Authority to Punish Bank Executives
MarketsFinancial RegulationAdministration tries to contain fallout from bank failures Source link
Central Banks Should Press Ahead With Rate Rises Despite Bank Pains, Says OECD
EconomyThe research group doesn’t expect a repeat of the 2008 banking crisis despite financial strains and sees high inflation as...
Your NCAA Tournament Bracket Is a Business School in Disguise
March Madness is a delightfully inefficient market. Every year, a selection committee gathers to place a value on 68 college-basketball...
FedEx Raises Earnings Outlook Despite Shipping Slowdown
BusinessEarningsShares rise as delivery company said cost cuts and higher shipping rates boosted Ground, Freight divisions Source link
Europe Unveils Clean-Tech Plans in Bid to Rival U.S., China
The European Commission’s proposals are aimed at making its industries more globally competitive in emerging environmental sectors. Source link
Why Top Washington Officials Chose to Rescue SVB, Signature Depositors
For more than a decade after the collapse of Lehman Brothers in 2008, Washington’s regulatory watchdogs sought to ensure that...
How Goldman’s Plan to Shore Up Silicon Valley Bank Crumbled
Silicon Valley Bank executives went to Goldman Sachs Group Inc. in late February looking for advice: They needed to raise...
Canadian Pacific’s Merger With Kansas City Southern Is Approved
BusinessSurface Transportation Board paves way for $28 billion deal, the biggest rail merger in two decades Source link
February Retail Sales to Show if Consumers Pulled Back
Credit- and debit-card data showed spending lost momentum. Source link
OpenAI Rolls Out Updated Version of Viral Chatbot ChatGPT
The artificial intelligence company says the newest technology is more powerful and less prone to problems than previous iterations. Source...
Facebook Parent Meta Plans 10,000 Job Cuts in New Round of Layoffs
TechCEO Mark Zuckerberg, in email to employees, talks about the advantages of a leaner organization Source link
