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The runway is getting clearer, but the U.S. economy still isn’t assured of a soft landing
13/12/2023

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
13/12/2023

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
04/12/2023

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
04/12/2023

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
14/11/2023

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.

Central banks look to have hit peak rates. Here’s how markets think they’ll come down
14/11/2023

Central banks look to have hit peak rates. Here’s how markets think they’ll come down

The world's major central banks paused their interest rate hiking cycles in recent weeks and markets are turning their attention to the first round of cuts.

Ford will postpone about $12 billion in EV investment as buyers become more cautious
06/11/2023

Ford will postpone about $12 billion in EV investment as buyers become more cautious

Ford said customers in North America are unwilling to pay a premium for an EV.

Shein deepens its relationship with Forever 21, will begin selling co-branded clothes online
06/11/2023

Shein deepens its relationship with Forever 21, will begin selling co-branded clothes online

Fast fashion players Shein and Forever 21 are slated to unveil a co-branded clothing line after the two retailers launched a joint venture earlier this year.

McDonald’s tried to buy Panera Bread, and 5 other reveals from founder Ron Shaich’s book
27/10/2023

McDonald’s tried to buy Panera Bread, and 5 other reveals from founder Ron Shaich’s book

Panera Bread founder Ron Shaich's new book reveals new details about his career, including that the chain almost merged with Starbucks.

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