DAVOS, Switzerland (AP) — Corporate buzzwords. Technical jargon. Bold but vague pronouncements about climate change and Russia’s war in Ukraine. The World Economic Forum’s annual […]
Fewer Americans apply for jobless benefits last week
WASHINGTON (AP) — Fewer Americans applied for jobless aid last week with the number of Americans collecting unemployment benefits already near five-decade lows. Applications for […]
US economy shrank by 1.5% in Q1 but consumers kept spending
WASHINGTON (AP) — The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid […]
Macy’s raises annual profit outlook on strong Q1 results
NEW YORK (AP) — Macy’s had a strong first quarter even as the department store chain faces higher costs and inflation that is chilling spending […]
Big tech deals keep coming: Broadcom buys VMware for $61B
Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the […]
Turkish central banks keeps rate at 14% despite inflation
ISTANBUL (AP) — Turkey’s central bank kept its main interest rate unchanged for a fifth month running on Thursday despite an annual inflation rate of […]
As CEO pay grows even bigger, so does its complexity
NEW YORK (AP) — CEO pay is a tricky thing to explain. Within the eight- and even nine-figure sums trumpeted for CEOs each year, just […]
CEO pay up 17% as profits, stocks soar; workers fall behind
NEW YORK (AP) — Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting. The typical […]
UK touts help for energy bills; seeks to forget ‘partygate’
LONDON (AP) — Britain’s Conservative government unveiled a 15 billion-pound ($19 billion) emergency aid package Thursday to ease a severe cost-of-living squeeze, announcing the plan […]
Japan’s troubled Toshiba proposes outside directors to board
TOKYO (AP) — Troubled Japanese technology giant Toshiba announced some additions to its proposed leadership Thursday, ahead of a shareholders’ meeting next month. Toshiba Corp. […]