Safeway and Albertsons workers in four Colorado cities initiated a strike Sunday after nine months of unsuccessful contract negotiations. The United Food and Commercial Workers Local 7 cited unfair labor practices, including bad-faith bargaining and worker intimidation, as reasons for the walkout. The strike, impacting stores in Estes...
Oracle appointed two new presidents, Clay Magouyrk (cloud boss) and Michael Sicilia (head of industries), as revealed in SEC filings. This move is seen as part of a succession plan for Oracle's executive chairman and CTO, Larry Ellison, who isn't currently stepping down. The two-president structure has been used...
President Trump issued a new order regarding the proposed acquisition of United States Steel Corporation by Nippon Steel Corporation. Initially blocking the deal due to national security concerns, the President now allows the acquisition under specific conditions. These conditions involve a national security agreement (NSA) with the Department...
JBS, a Brazilian meat giant, saw its shares fall 3.9% on their New York Stock Exchange debut despite a long-held goal of trading in the US market. The dual listing, approved by minority shareholders despite opposition from environmental groups and lawmakers citing corruption and environmental concerns, aims to broaden...
European airline stocks are plummeting due to the escalating Israel-Iran conflict and the recent Air India crash. Wizz Air, suspending flights to and from Tel Aviv and rerouting others, saw a 4.8% share drop. Other airlines like Norse Atlantic, IAG (British Airways' parent), and Finnair also experienced significant...
US stock futures plunged Thursday night following Israel's airstrike on Iran. The Dow futures dropped nearly 1.4%, S&P 500 and Nasdaq 100 futures each fell 1.6%. This occurred despite positive US economic data, including a cooler-than-expected producer price index and consumer inflation reports. Oil prices surged over...
AMD unveiled its next-generation MI400 chips, partnering with OpenAI and other tech giants like Meta and Microsoft. The MI400, launching in 2026, will power AI infrastructure. AMD also launched the Instinct MI350 GPUs, boasting four times the computing power of its predecessor. Despite the announcements, AMD's stock...
The S&P 500 saw a 0.4% increase for the fourth time in five days, driven by positive inflation data. The Nasdaq 100 rose slightly (0.2%), although some tech giants like Tesla and Meta fell. Oracle surged 13%, boosted by strong AI infrastructure demand. The market reacted mildly...
General Atlantic and Apollo Global Management have abandoned early recruitment for junior roles starting in 2027, following pressure from JPMorgan Chase CEO Jamie Dimon. Dimon criticized the practice of firms recruiting recent graduates for future positions, arguing it creates conflicts of interest. Both private equity firms reversed course...
A new report reveals that ultra-wealthy family offices struggle to hire and retain staff, despite high compensation. The survey of 146 family offices found that nearly 80% faced hiring difficulties, with the problem most acute among large firms managing over $1 billion. High turnover, averaging one departure every...
