Son's Vision Soars As SoftBank Stock Hits Record High After Tech Slump
SoftBank stock soars to record highs, fueled by a strategic shift towards AI and the successful IPO of chip designer Arm. Founder Masayoshi Son reemerges with a bold vision for the future, but will SoftBank's AI gamble pay off or is this just another boom-and-bust cycle?
Jul 05, 2024 11:56 AM EDT
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![Labour Government's Trade Policy Shifts Threaten US, EU, and China Economic Alliances](https://1695419552.rsc.cdn77.org/data/images/full/17043/labour-governments-trade-policy-shifts-threaten-us-eu-and-china-economic-alliances.jpg)
Labour Government's Trade Policy Shifts Threaten US, EU, and China Economic Alliances
Labour Government's trade policy shifts under Keir Starmer threaten UK's economic alliances with the US, EU, and China.
![DC Faces Millions in Fines for Errors in Distributing Food Assistance](https://1695419552.rsc.cdn77.org/data/images/full/17041/dc-faces-millions-in-fines-for-errors-in-distributing-food-assistance.jpg)
DC Faces Millions in Fines for Errors in Distributing Food Assistance
Washington D.C. faces a $4.4 million fine for errors in distributing SNAP benefits. This is the second year in a row with high error rates, leaving families struggling with food insecurity. The overwhelmed D.C. Access System is blamed, but the USDA offers a chance to reinvest the fine for improvements.
![Financial Concerns Drive Gen Z and Millennials to Opt for Quiet July 4th Vacations](https://1695419552.rsc.cdn77.org/data/images/full/17040/financial-concerns-drive-gen-z-and-millennials-to-opt-for-quiet-july-4th-vacations.jpg)
Financial Concerns Drive Gen Z and Millennials to Opt for Quiet July 4th Vacations
Gen Z and Millennials are opting for "quiet vacations" this Fourth of July. Soaring travel costs and pressure to be "always on" are driving this trend. But is quiet vacationing a symptom of a broken PTO culture?
Latest News
Gulf airlines worry about effects of electronics ban; UK follows new security measure
According to the new electronics ban, larger than smartphones such as iPads, Kindles and laptops will have to be checked in so that passengers could clear security and board their flight. The rules will be enforced come March 25.
Mar 24, 2017 09:39 AM EDT
Tech experts criticize electronic ban from cabins of some Middle Eastern, African flights to US
An airline official says that the electronic ban would affect some airlines flying into the US and would cover devices larger than a cell phone. This is due to a security concern regarding passengers boarding nonstop flights to the US from certain countries.
Mar 24, 2017 09:57 AM EDT
Sears admits plan to avoid bankruptcy by selling brands may prove difficult
Sears Holdings Corp. admits overnight its ongoing survival is unlikely and its plan to avoid bankruptcy by selling off or licensing brands may prove difficult.
Mar 23, 2017 08:47 PM EDT
Disney to give back wages to employees charged for their costumes
The US Department of Labor and two subsidiaries of The Walt Disney Co. have reached an agreement to give back $3.8 million in back wages according to a press release statement issued last Friday.
Mar 24, 2017 09:35 AM EDT
Renault denies reports it cheated on emissions tests for decades
Renault shares plummet more than five percent on Thursday even after the company refused to acknowledge reports that it cheated on emissions tests for decades.
Mar 20, 2017 08:52 AM EDT
Japanese minister agrees to contribute information on developments with Toshiba
The Westinghouse sale represents the latest in a series of steps Toshiba plans on undertaking to deal with the losses coming from the nuclear unit's ill-fated purchase of a US nuclear power plant construction company in 2015.
Mar 20, 2017 08:55 AM EDT
Audi, VW sites raided by German prosecutors in emissions-scandal probe
Buyers of some 80,000 V6 3.0-litre Audi and VW diesel cars that were sold in the US from 2009 to 2015 were unaware of the emissions scandal
Mar 16, 2017 08:10 AM EDT
Neiman Marcus up for sale, Saks Fifth Avenue owner expresses potential buy out
Hudson's Bay Co., owner of Saks Fifth Avenue, has expressed its interest in buying Neiman Marcus that would exclude the latter's debts.
Mar 16, 2017 08:08 AM EDT
Cathay Pacific posts $74 million annual loss due to overcapacity, intense competition
Shares of Hong Kong's flag carrier dipped almost seven percent following the profit loss of HK$575 million for 2016, which was down from an HK$6 billion profit from the previous year.
Mar 16, 2017 08:11 AM EDT
Toshiba looking to sell controlling stake in Westinghouse Unit
Toshiba president Satoshi Tsunakawa sidesteps questions for a Chapter 11 filing for Westinghouse and says there are various options.
Mar 15, 2017 07:11 AM EDT
Apple found guilty of price-fixing practices in Russia, regulator says
Tech giant Apple is found guilty of fixing the price of iPhones in Russia for several years.
Mar 15, 2017 06:05 AM EDT
HSBC breaks tradition, names AIA boss Mark Tucker as chairman
The chief executive of the Asian life insurer AIA Group will take over as HSBC chair on October 1, the first outsider to take on the role that breaks an HSBC tradition.
Mar 15, 2017 06:12 AM EDT