Business
NBIM Emerges as Key Player in American IPOs
Norway’s Norges Bank Investment Management (NBIM), a colossal $1.4 trillion sovereign wealth fund, has emerged as a pivotal force driving a paradigm shift in the...
Clorox Grapples with First-Quarter Loss Following Cyberattack
Clorox, the prominent U.S. cleaning product manufacturer, disclosed on Wednesday that it is likely to report a first-quarter financial loss as a result of a...
Alstom SA Considers Asset Sale Amid Financial Challenges
Alstom SA, a pioneer in sustainable mobility solutions, is actively considering an asset sale, as indicated by its Chief Financial Officer, Bernard Delpit. This revelation...
BlackBerry Divides: IoT and Cybersecurity Units for Growth
Canadian technology company BlackBerry disclosed on Wednesday its intention to segregate its business operations into two distinct units, namely Internet of Things (IoT) and cybersecurity....
Constellation Brands Upgrades Annual Profit Outlook
Constellation Brands, a leading producer of beers and spirits, announced an upward revision of its annual profit target on Thursday, citing robust demand and increased...
Rivian Shares Plummet 11% After $1.5B Bond Offering
Rivian, headquartered in Irvine, California, experienced an 11% plummet in shares on Thursday morning, subsequent to their announcement of a $1.5 billion convertible debt offering...
Ozempic and Wegovy Influence Walmart Shopping Trends
Walmart has reported a discernible shift in shopping behavior linked to the use of appetite-suppressing medications, including diabetes drug Ozempic and Wegovy. John Furner,...
Negotiations Tighten as UAW and Ford Narrow Pay Gap
Negotiators representing the United Auto Workers (UAW) and Ford Motor reported substantial progress in pay negotiations following a recent proposal from the automaker. Sources close...
Tesla’s NACS: Hyundai, Kia Make the Switch
Hyundai Motor and Kia Corp have officially confirmed the industry-shifting move towards adopting Tesla Inc’s North American Charging Station Standard (NACS) for their electric vehicles...
Reviving Disney Parks: Children’s Ticket Discounts
In a strategic move aimed at revitalizing its theme park attendance, Walt Disney Co. unveiled plans on Wednesday to roll out substantial discounts on children’s...
