News
Gautam Adani replaces Jeff Bezos as world’s second-richest person
Indian mogul Gautam Adani has replaced Jeff Bezos as the world’s second-richest person, according to Bloomberg’s Billionaire Index. After starting...
World Bank warns of global recession amid simultaneous rate hikes
The world may be edging toward a global recession next year as central banks are raising interest rates to combat...
Bed Bath & Beyond is closing stores across the U.S.
Bed Bath & Beyond is closing 37 stores located in 19 states, most by the end of February, the company...
Wall Street’ skids to two-month lows dragged by FedEx results
U.S. stock futures declined as FedEx raised concerns about the health of the economy. Wall Street's main indexes hit near...
Shell CEO Ben van Beurden to step down
Shell on Thursday announced that CEO Ben van Beurden will step down at the end of the year and will...
Railroads and labor unions reach tentative deal to avert strike
Railroads and workers’ unions reached a tentative labor agreement early Thursday to avert a national rail strike. “The tentative agreement...
Patagonia founder is giving away company to fight climate change
Patagonia founder Yvon Chouinard, his wife and two adult children are giving away their ownership in the apparel maker, dedicating...
Mustang sticks with gas as Ford announces EV dealer program
Ford is set to unveil the seventh-generation of its Mustang sports car in Detroit, but is not moving away from...
Cisco ex-CEO John Chambers is back with new startup called Nile
Former executive chairman and CEO of Cisco John Chambers is back. After seven years since leaving the technology conglomerate, Chambers...
Twitter shareholders approve Elon Musk’s bid to buy the company
Twitter shareholders voted to approve Elon Musk’s $44 billion bid to buy the company and take it private. Tuesday’s evening...
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