Category: Economy
HBC to Acquire Neiman Marcus Group for $2.65 Billion
HBC, the parent company of Saks Fifth Avenue, has announced its acquisition of Neiman Marcus Group for $2.65 billion. The merger will unite two iconic…
Ford CEO Announces Profitable $30K Electric Vehicle in 2 1/2 Years
At the Aspen Ideas Festival on Friday, Ford CEO Jim Farley announced that the company plans to launch a $30,000 all-electric vehicle that will be…
The Fed’s key measure shows inflation rose 2.6% in May from a year earlier, as expected
A key economic measure from the Federal Reserve revealed Friday that May’s inflation rate was the lowest in three years. A report from the Commerce…
Powell Highlights Progress on Inflation, But Calls for More Assurance Before Lowering Rates
Federal Reserve Chairman Jerome Powell on Tuesday expressed satisfaction with the progress made over the past year in tackling inflation, but stressed that more confidence…
Starbucks’ Strategy to Improve Customer and Barista Experience
Starbucks locations across the country are rolling out new measures to streamline drink ordering and reduce wait times. The revamp comes as the coffee chain…
Morgan Stanley says this stock could consolidate China’s electric vehicle sector
Shares of Chinese electric car makers started the new year on a downtrend, facing stiff competition and ongoing price wars that are eroding automakers’ profitability…
Chinese EV Pioneer Backs European Investment Amid Trade Tensions
Wan Gang, the visionary behind China’s surge in electric vehicles, sees European collaboration as a promising path forward. HEFEI, China — Wan Gang, widely recognized…
Cisco’s Bright Prospects for Expanding China’s Electric Vehicle Project
General view of the Bank of England building in London. LONDON – The Bank of England announced its decision to keep interest rates stable at…
Delta: America’s luxury airline and United’s competitive response
A Delta Air Lines Boeing 767 lands at JFK Airport as Delta and United compete for luxury flyers A Delta Air Lines Boeing 767 passenger…