Disney appoints James Gorman as new Chairman amid leadership transition
The Walt Disney Company announced significant leadership changes on Monday.
The conglomerate will appoint James Gorman, former CEO of Morgan Stanley, as Charman of the...
Boeing workers to vote on new proposal offering 35% pay rise over four years
Boeing workers on the West Coast have been on strike since last month after rejecting a deal that would have given them a 25%...
E. coli outbreak in the US linked to McDonald’s Quarter Pounders
The CDC and FDA are investigating a US E. coli outbreak linked to McDonald's Quarter Pounders.
The CDC has identified 49 E. coli cases across...
U.S. November retail sales rise 0.7%, surpassing expectations
American shoppers turned out in slightly stronger force than anticipated as the holiday season got underway in November, according to fresh data from the...
US monthly retail sales rose by 0.4% in September
The U.S. Census Bureau reported a 0.4% increase in retail sales in September. According to the preliminary report, total monthly retail sales were $714.4...
Masayoshi Son’s Big Bet: $100B and 100K Jobs in the U.S.
SoftBank’s leader, Masayoshi Son, stood with President-elect Donald Trump at Mar-a-Lago on Monday, pledging a $100 billion U.S. investment and a goal of at...
US mortgage rates continue to rise, 30-year fixed climbs to 6.79%
US mortgage rates are on the rise again. According to Freddie Mac, the average rate on a 30-year fixed mortgage rose to 6.79% this...
DoJ reaches $101.98 million settlement for Francis Scott Key Bridge collapse
The US Department of Justice (DoJ) has reached a settlement of $101.98 million with the Singapore-based companies that owned and operated the container ship...
US restricts China’s access to AI and chip components
The Biden administration has introduced new measures to block China’s access to key semiconductor technologies.
As of today, 140 Chinese companies, including major firms like...
Federal Reserve lowers rates but warns of slower easing in 2025
The Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point on Wednesday, moving the target range to 4.25% to...
