China Says It Opposes a Forced Sale of TikTok
Beijing responded for the first time to a Biden administration demand that the short-video app divest itself from its Chinese...
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Fed Walks Tightrope Between Inflation and Bank Turmoil—but for How Long?
EconomyCapital AccountCentral bank nods to bank troubles but presses ahead with slightly slower rate increases Source link
Fed Raises Rates but Nods to Greater Uncertainty After Banking Stress
EconomyU.S. EconomyOfficials voted unanimously to increase their benchmark short-term rate by a quarter percentage point Source link
‘Greenwashing’ Targeted in Latest European Regulatory Push
European officials rolled out proposals aimed at forcing companies to back up environmental and sustainability claims they make over consumer...
U.K. Inflation Resumes Its Rise, Defying Expectations
Price increases in February picked up to 10.4% from 10.1% in January as the cost of food rose at the...
TikTok CEO Shou Zi Chew Promises Firewall to Shield User Data
PoliticsIn prepared remarks to Congress, CEO will say that TikTok ‘will not be manipulated by any government’ Source link
Nike Sales Jump as It Works Through Inventory Glut
Profit at the sneaker maker fell 11% as it relied on higher markdowns. Source link
Trucking Giant Knight-Swift Transportation to Buy U.S. Xpress
Logistics ReportThe acquisition at four times Monday’s closing stock price for the rival carrier will boost Knight-Swift’s fleet to about...
SVB-Fueled Turmoil Junks Lessons of the Global Financial Crisis
The Fed and Congress thought smaller banks, deposits and bonds were boring and safe; instead, they are the source of...
Amazon to Cut 9,000 More Jobs After Earlier Layoffs
CEO Andy Jassy cited an ‘uncertain economy’ and more uncertainty in the near future. Source link
Stanley Black & Decker to Close Texas, South Carolina Plants
BusinessTool maker says moves will affect 357 employees; 80 jobs will be added at Tennessee facility Source link
Job Listings Abound, but Many Are Fake
A mystery permeates the job market: You apply for a job and hear nothing, but the ad stays online for...
Fed Raised Concerns About SVB’s Risk Management in 2019
The central bank issued numerous warnings to SVB, suggesting the bank’s problems were on the radar of its primary federal...
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...
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...
