Today: 28. Sep, 2024
Goldman Sachs announced its intention to divest its personal financial management division to a rival entity, Creative Planning. The deal is slated to be finalized in the last quarter of the current year, promising a profitable outcome for Goldman Sachs, based in…
UPS has successfully dodged a strike in the US for the first time in over 25 years, with the workers’ union confirming the ratification of a fresh five-year agreement. After extended negotiations addressing demands such as improved salaries and enhanced working conditions,…
Major tech entities like Google, Facebook, and TikTok operating in Europe are about to adapt to a profound regulatory transformation targeting online content. This week will witness the initial phase of the European Union’s Digital Services Act (DSA) coming into play. The…
Several million iPhone users might soon benefit from a financial settlement due to their older iPhones experiencing reduced performance after certain software updates. Apple has committed to disbursing an amount ranging from $310 million to $500 million, which could benefit an estimated…
Target’s CEO, Brian Cornell, acknowledged that the negative response to their Pride-themed products negatively impacted sales, leading to underwhelming quarterly results. However, Cornell reiterated the company’s commitment to celebrating Pride Month. He mentioned the necessity of adjusting some product placements due to…
The Russian ruble’s value dipped to a low unseen since the initial stages of the Ukrainian conflict. This downward trend has been exacerbated by Moscow’s escalated defence expenditures and the impact of Western sanctions on Russia’s energy exports. In response, the Russian…
After navigating through a period of market uncertainty in the previous year, the stock market has reemerged with renewed vigor in 2023. One of the driving forces behind this revival is the remarkable advancement of artificial intelligence (AI), propelling select contenders in…
Disney’s chief executive, Bob Iger, has committed to increasing profitability for the company’s streaming platforms by confirming a price surge for ad-free Disney+ and Hulu subscriptions starting in October. Concurrently, a rigorous stance against password sharing will also be introduced, expected to…
Campbell Soup has announced plans to purchase Sovos Brands, the company behind Rao’s renowned pasta sauces. Both companies disclosed they had agreed that Campbell’s would secure Sovos at a rate of $23 per share in cash. This agreement approximates the total value…
Amazon’s digital commerce showed signs of resurgence in the quarter ending in June, despite broader economic lethargy and hesitant consumer spending in recent months. According to the company, this surge was credited to CEO Andy Jassy’s initiative to enhance the efficiency and…
