The Dali containership stuck under Baltimore’s collapsed Francis Scott Key Bridge may remain in place for weeks, blocking shipping at one of the U.S.'s busiest ports. Here’s what that means for major industry supply chains.
Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the US-sanctioned firm continues a rebound and bit into competitor Apple's sales in China.Net profit in the January-March period amounted to $2.7 billion, up 564 percent from the first quarter of last year, according to a results filing by Huawei's holding company on an official website and confirmed by a representative of the firm.
It's time for your second act.
German engineering company BAUCH makes machines and engine components out of materials mined in China, Africa or South America that pass through multiple hands and processes before they reach its factories in southern Germany and China. To comply with Germany's new Supply Chain Act, BAUCH, like other firms with more than 1,000 staff, must take due diligence procedures to monitor suppliers' human rights and environmental protection standards - a task which CEO Manfred Bauch says is almost impossible and threatens to rip apart his supply chain.
Passive income is money not derived from active involvement such as a salary -- and, if you want to get steady income streams, these are the way to go. While these may require some initial...
Sean Zanni/GettyMAGA cable network Newsmax is attempting to force longtime Trump friend and billionaire grocery store magnate John Catsimatidis to testify in Dominion Voting System’s defamation lawsuit alleging the right-wing channel knowingly peddled election lies.The cable outlet also names Catsimatidis’ media companies, Red Apple Media and WABC Radio, in its petition to enforce a subpoena.According to the petition, obtained by The Daily Beast and filed Monday in the Supreme Court of New York
While retirement can feel like crossing the finish line financially, it opens up a new realm of responsibilities and concerns. Hard work can help you save for your golden years. However, accounting for twists and turns from healthcare and inflation to unintended tax consequences, requires thorough planning. Similarly, passing on wealth the specific way you […] The post Differences to Consider Between Retirement and Estate Planning appeared first on SmartReads by SmartAsset.
Samsung Electronics said Tuesday that its first-quarter operating profits had risen nearly tenfold year-on-year amid recovering chip prices and growing demand, notably for generative AI. The firm is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate business in Asia's fourth-largest economy.- Focus on AI - South Korean chipmakers, led by Samsung, enjoyed record profits in recent years as prices for their products s
Bank says it has started search for a successor as it reports quarterly profits beat forecasts
European car giants Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue on Tuesday as they geared up to launch new models, faced higher costs and were hit by weaker demand for new cars as interest rates remain high. The news hit the automakers' stocks. Mercedes shares were down 4.4%, Stellantis 4% and Volkswagen 2.7%.
57% of Americans said their retirement will include working.
While many Americans struggle to save for retirement, the top 1% amass significant nest eggs. This raises the question: How much do they save, and how does it compare to the national average? Don't Miss: The average American couple has saved this much money for retirement — How do you compare? Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you. Data from DQYDJ, using Federal Reserve statistics, highlights that the average retirement age in th
HONG KONG SAR - Media OutReach Newswire - 30 April 2024 - Job title inflation, a common practice in Hong Kong[1] and Greater China, has recently become a global trend. According to Robert Walters, a leading specialist professional recruitment firm, there was a 46% rise in the number of UK and Ireland job adverts that had the words "lead" or "manager" in the title throughout 2023 – but required no more than two years' experience. Usually employed to attract and retain talent, job title inflation
Australia's securities regulator said on Tuesday that it had filed a lawsuit against Magnis Energy Technologies and its chairman for failing to disclose details about the lithium-ion battery firm's U.S. manufacturing facility. The Australian Securities and Investments Commission (ASIC) alleged that Magnis, despite becoming aware of inaccuracies in its claims regarding funding of the Endicott, New York battery plant and cell output capacity, failed to disclose the information in a timely manner. The lithium-ion battery facility is run by U.S. business Imperium3 New York (iM3NY), in which Magnis holds a majority stake.
The U.S. Supreme Court declined on Monday to hear Elon Musk's bid to throw out part of a securities fraud settlement with the Securities and Exchange Commission restricting the billionaire businessman's public statements about his electric car company Tesla. The justices turned away Musk's appeal of a lower court's decision upholding the 2018 settlement reached after he said on social media that he had "funding secured" to take Tesla private - a statement the SEC in a legal action called false and misleading. Musk's settlement resolved the SEC lawsuit accusing him of defrauding investors.
Ad land is facing a deepening job crunch following a sharp drop in vacancies.
Banking giant HSBC said Tuesday that chief executive Noel Quinn would retire after overseeing a "successful transformation" of the firm and record profits during his almost five years in charge.HSBC on Tuesday said it had begun the process of finding a successor but did not specify when Quinn would step down.
A former Amazon exec alleges that the company instructed her to ignore copyright rules to stay afloat in the race for AI innovation.
Rolls-Royce is vastly expanding its factory in Chichester, UK. The BMW subsidiary is adding five new buildings with construction planned to start next year.
Financial details of Shell's vast oil and gas trading business are some of the company's closest-held secrets. Testimony by a former head of Shell's U.S. crude trading division filed in a Texas state court has offered a rare look at the huge profits of its trading operations and the multi-million dollar bonuses bestowed on traders. John Dimech, who was a manager in Shell's crude oil trading group in Houston for 11 years, said in a deposition last year that the crude trading unit typically made between $950 million to $1 billion a year.
McDonald’s plans to step up deals and value messaging to combat slowing sales. “The consumer is certainly being very discriminating in how they spend their dollar,” McDonald's President and CEO Chris Kempczinski said Tuesday during a conference call with investors. McDonald's said its same-store sales – or sales at stores open at least a year -- rose 1.9% worldwide in the January-March period.
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