Nike Sales Jump as It Works Through Inventory Glut
Profit at the sneaker maker fell 11% as it relied on higher markdowns. Source link
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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...
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
