Elon Musk has filed a court summons against Twitter co-founder Jack Dorsey as part of his legal battle with the tech company. Musk is attempting to terminate his $44 billion deal with Twitter, claiming that the company failed to provide… Read More ›
Strategy
As The Merger Date Approaches, The Price Of Electric Ether Rises
Ethereum appears to be undergoing a massive update. At long last. The “Merge,” which has been delayed for years, appears to be on track for September, with the blockchain’s encryption undergoing a fundamental shift to a system in which the… Read More ›
Apple Intends To Include Advertisements In More iPhone Apps: Reports
According to Bloomberg, Apple may spread its advertising to more of its first-party iPhone apps in an effort to increase income. According to the article, the corporation’s ad division earns roughly $4 billion in annual income, but the company aims… Read More ›
Personalized Coffee And Fancy Skincare: Despite The Cost-Of-Living Problem, Consumers Are Flocking To Premium Items
Personalized coffees, “prestige” skincare, and “elevated” sauces and spreads are just a few ways firms like Starbucks, Unilever, and Kraft Heinz are shifting their focus toward premium products – and consumers appear to be loving it. But why are firms… Read More ›
China’s July Consumer And Factory Data Not As Expected
China posted July data that fell far short of expectations, as the real estate crisis and Covid regulations pulled down growth. The National Bureau of Statistics reported Monday that retail sales increased by 2.7 per cent year on year in… Read More ›
Argentina’s Interest Rate Was Raised To 69.5% As Inflation Reached A 20-Year High
Argentina’s central bank has hiked its key interest rate to 69.5% in an effort to rein in rising inflation. The bank raised its 28-day benchmark rate by 9.5% percentage points, the second increase in two weeks. It comes as new… Read More ›
July Auto Sales In China Extend Sector’s Recovery, Rising 30% As COVID Restrictions Are Relaxed
China’s vehicle sales increased 29.7 per cent year on year in July to 2.42 million units, continuing a recovery that began in June thanks to reduced COVID limitations and government incentives. However, sales for the first seven months were still 2%… Read More ›
Export Growth Of Garment Sector Of Bangladesh Seen Slowing To 15% In 2022 Which Is ‘Normal’
Growth in exports of the garment industry of Bangladesh could slow to about 15% this year following an unusually robust increase of more than 30 per cent in 2021, as U.S. and European consumers face cost-of-living challenges, according to a report by Reuters…. Read More ›
Capri And Ralph Lauren Are Riding A Wave Of Inflation-Resistant Luxury Demand
Ralph Lauren Corp and Michael Kors-owner Capri Holdings blew past earnings projections, highlighting wealthy buyers’ unshakable appetite for luxury goods and handbags despite red-hot inflation. Soaring costs have had no effect on middle- and upper-income households, which have been cheerfully… Read More ›
Elon Musk Sells $6.9 Billion In Tesla Stock As A Twitter Lawsuit Looms
Elon Musk, the CEO of Tesla, has sold another 7.92 million shares in the electric vehicle manufacturer, valued at approximately $6.88 billion. According to regulatory documents, the sales occurred during the firm’s annual shareholder meeting last week. Musk claims he… Read More ›
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