The borrowing costs in the European Union are expected to increase in the near future after the European Central Bank (ECB) announced another interest rates hike over the “next several meetings.” The ECB already increased the interest rates earlier in September by unprecedented 75 basis points.
President Christine Lagarde confirmed...
Big box retailer Target Corp announced on Thursday that it will be hiring 100,000 seasonal workers ahead of the busy holiday season in the final quarter of the year.
In the face of slowing economic activity, the US retailer made the decision to begin its festive deal earlier than usual,...
Your new Apple Watch and Macbook could soon come with a “Made in Vietnam” label. According to influential Asian media outlet Nikkei, Apple’s suppliers Luxshare Precision Industry and Foxconn have already set up test production lines for the two products in the country.
The move aligns with Apple’s efforts to...
Michael Saylor made the headlines in the past two years as one of the biggest Bitcoin bulls out there. He was once again the talk of the financial world on Tuesday, but this time for a completely different reason. MicroStrategy, the company he founded in 1989, announced that Saylor...
Starbucks Corp. is looking to bow out of the United Kingdom, at least in terms of ownership. The world's most famous coffee chain reportedly hired advisors to test the interest in its company-owned operation in the UK.
Investment bank Houlihan Lokey is responsible for evaluating the potential buyers and interested...
Electric vehicle maker Rivian is jumping on the bandwagon of layoffs across the tech and car industries. According to Bloomberg, the company is plotting a restructure in upcoming weeks that will see at least 5% of its 14,000 employees being laid off. The decision comes after Rivian doubled the...
Netflix stock (NFLX) isn't the hottest commodity these days and it might be even less desirable after it received a downgrade from Goldman Sachs. In a recent note to clients, Goldman's analyst Eric Sheridan said that his team has various concerns related to NFLX while changing the stock's rating...
Tech giant Apple has lost its position as the most valuable company in the world. According to Refinitiv, a global financial market data, and infrastructure provider, Apple was surpassed by Saudi Aramco. The Saudi Arabian public petroleum and natural gas company is now worth $2.43 trillion, while Apple dropped...
The United States will make an unprecedented release of oil from the Strategic Petroleum Reserve in an attempt to stop the recent surging of gas prices across the nation. The move was announced by U.S. President Joe Biden on Thursday in a speech from the White House.
According to Biden,...
Technology conglomerate Alphabet, the parent company of Google and multiple former Google subsidiaries, released its quarterly earnings statement on Tuesday and revealed some big news in the process. Aside from reporting a 36 percent increase in profit in the last three months of 2021, the company also unveiled plans...