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Longtime CEO of Berkshire Hathaway’s Brooks Running will step down, hand the reins to company veteran
26/03/2024

Longtime CEO of Berkshire Hathaway’s Brooks Running will step down, hand the reins to company veteran

The longtime CEO of Berkshire Hathaway's Brooks Running, Jim Weber, is stepping down, and its COO Dan Sheridan is taking over.

Unilever to split off its ice cream unit including Ben & Jerry’s
26/03/2024

Unilever to split off its ice cream unit including Ben & Jerry’s

Consumer goods giant Unilever said Tuesday that it is separating its ice cream unit as part of a restructuring plan that will affect 7,500 jobs.

British retail rebound provides some hope for recession-hit economy
22/02/2024

British retail rebound provides some hope for recession-hit economy

Sales rebounded by 3.4% after a grim December, as shoppers sought out sales.

Israel’s GDP contracts nearly 20% in fourth quarter amid Gaza war
22/02/2024

Israel’s GDP contracts nearly 20% in fourth quarter amid Gaza war

The contraction was significantly larger than expected. Analysts predicted a contraction of around 10%.

Israel grants Intel $3.2 billion for new $25 billion chip plant
26/12/2023

Israel grants Intel $3.2 billion for new $25 billion chip plant

Israel's government agreed to give Intel Corp a $3.2 billion grant for new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday.

The runway is getting clearer, but the U.S. economy still isn’t assured of a soft landing
11/12/2023

The runway is getting clearer, but the U.S. economy still isn’t assured of a soft landing

There's nothing about a 3.7% unemployment rate and another 199,000 jobs that even whispers "recession," let alone screams it.

Why automakers are turning to hybrids in the middle of the industry’s EV transition
11/12/2023

Why automakers are turning to hybrids in the middle of the industry’s EV transition

Automakers are reconsidering the viability of hybrid vehicles to appease consumer demand and avoid costly penalties related to federal fuel economy standards.

Crypto execs say the bull run is underway and could lead to $100,000 bitcoin in 2024
05/12/2023

Crypto execs say the bull run is underway and could lead to $100,000 bitcoin in 2024

Excitement around a bitcoin ETF being approved in the U.S. next year as well as the bitcoin halving is fueling a rally in cryptocurrencies.

Spotify to lay off 17% of employees — read the full memo CEO Daniel Ek sent to staff
05/12/2023

Spotify to lay off 17% of employees — read the full memo CEO Daniel Ek sent to staff

Spotify shares climbed roughly 10% Monday after the music streaming service said it would cut 17% of its workforce, or about 1,500 jobs.

Best Buy cuts sales forecast, as holiday shoppers hunt for deals
21/11/2023

Best Buy cuts sales forecast, as holiday shoppers hunt for deals

Best Buy beat Wall Street's earnings expectations, but cut is full-year sales outlook as it prepares for cost-conscious holiday shoppers.

Toyota financing arm fined $60 million by consumer watchdog for car loan scam
21/11/2023

Toyota financing arm fined $60 million by consumer watchdog for car loan scam

Toyota's U.S.-based financing arm was found to have violated federal law in its lending practices, according to the CFPB.

Alphabet-backed GoCardless considers takeovers as CEO expects a barrage of consolidation
15/11/2023

Alphabet-backed GoCardless considers takeovers as CEO expects a barrage of consolidation

GoCardless CEO Hiroki Takeuchi said that his firm was "very open minded" about the prospect of mergers and acquisitions.

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