GU has only expanded within Asian markets, making it the brand’s first foray in the West. Fast Retailing Uniqlo owner, Fast Retailing, has just announced the opening of its sister brand, GU (pro...
Tag: United States
Premium products take priority as companies battle cost-of-living
“As we create more premium beverages, it becomes more difficult for customers to replicate it at home and we think that helps with the concept of trade down,” Starbucks CFO Rachel Ruggeri ...
Pharma stocks crater as investors brace for litigation charges
Shares of GSK, Sanofi and Haleon all sold off sharply this week, shedding tens of billions in market value, amid investor fear over potential U.S. litigation charges focused on popular heartburn drug ...
Detroit real estate developers rebuild city amid budget shortfalls
A new wave of development is rippling through downtown Detroit. “Walking around Detroit in 2008 or 2009 is not the same as walking around in 2022,” said Ramy Habib, a local entrepreneur. &...
Inflation Reduction Act EV tax credits could hurt sales
Tesla cars charge next to a traditional Texaco gas station on July 17, 2022 in Nephi, Utah. With more electric cars on the road, lack of charging infrastructure is becoming more of a problem for EV ow...
The easing of inflation pressures is giving the economy some breathing room, for now
A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022. Andrew Kelly | Reuters If inflation has been the biggest threat to U.S....
Wendy’s, Coinbase, Buzzfeed and more
Check out the companies making headlines before the bell: Wendy’s (WEN) – Wendy’s shares fell 1% in premarket trading following a mixed quarter, which saw the restaurant chain report bette...
IBM Research Albany Nanotech Center Is A Model To Emulate For CHIPS Act
IBM Research 2016 Albany Site IBM With the passage of the CHIPS+ Act by Congress and its imminent signing by the President of the United States, a lot of attention has been paid to the construction of...
FAO food price index fell sharply in July but the respite may not last
Farmers harvest a wheat field near Melitopol in Ukraine. Wheat, soybean, sugar, and corn futures have fallen from their March highs back to prices seen at the start of 2022. Olga Maltseva | Afp | Gett...
Climate change is making some homes too costly to insure
Firefighters pull up to a burning house during the Kincade fire in Healdsburg, California, on Oct. 27, 2019. Josh Edelson | Afp | Getty Images As climate change threatens the U.S. with more natural di...
Higher housing costs force more pet owners to surrender their dogs
Lisa Spillman can’t imagine life without her dog, an 8-year-old chihuahua mix named Rosebud. But she says her household expenses were getting tough to handle. “Everything – rent, groceries...
White House Declares Public Health Emergency For Monkeypox Amid Vaccination Struggles
Topline The White House declared monkeypox a public health emergency on Thursday and announced a potential new strategy to increase vaccine dose availability as cases climb and the federal government ...
2020 changed economy in ways we can’t understand yet
National Guard troops pose for photographers on the East Front of the U.S. Capitol the day after the House of Representatives voted to impeach President Donald Trump for the second time January 14, 20...
Indian rupee weakness, hitting fresh lows amid global headwinds
Two thousand rupee notes on display with an Indian flag in the background. Manish Rajput | SOPA Images | LightRocket via Getty Images The Indian rupee has come under intense selling pressure due to a ...
Ford reports big jump in July sales, including for trucks and EVs
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor’s U.S. vehicle sales last month showed notable improvements in volumes and truck availability, as the ...
Starbucks (SBUX) Q3 2022 earnings beat estimates
An employee hands a bag to a customer at the drive-thru of a Starbucks coffee shop in Hercules, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images Starbucks on Tuesda...
Molson Coors stock falls, company cites split in beer spending
A bottle of Molson Coors Brewing Co. Blue Moon brand beer Tiffany Hagler-Geard | Bloomberg | Getty Images Molson Coors Beverage is seeing a split emerge among its customers as inflation hits their wal...
Investing In Knowledge Economy Will Help Make 21st Century Another ‘American Century’
Time publisher Henry Luce first used the term “The American Century” in a piece written in 1941 that urged the United States to forsake isolationism in favor of entering World II and defending global ...
How HIMARS could change the Ukraine-Russia war
Artillery has quickly become the most important weapon in Ukraine’s war with Russia. Ukrainian forces have begun to use newer Western artillery, like the M777 Howitzer, in the battlefield. But a...
Biden-Xi make plans to meet, U.S. official says, Xi warns on Taiwan
U.S. President Joe Biden and Chinese President Xi Jinping held a phone call Thursday. Pictured here is their virtual meeting on Nov. 15, 2021. Mandel Ngan | Afp | Getty Images BEIJING — U.S. President...
Growth accelerates for euro zone
Growth in the euro zone economy accelerated in the second quarter of the year, but the region’s prospects could be hit as Russia continues to reduce gas supplies. The 19-member bloc registered a...
Manchin’s climate turnaround: Climate groups react
U.S. Senator Joe Manchin (D-WV) returns to a basement office meeting with other senators that included Kyrsten Sinema (D-AZ), Jon Tester (D-MT), Tim Kaine (D-VA) and Angus King (I-ME), (not pictured) ...
Yellen says the economy is not in a recession despite GDP slump
Treasury Secretary Janet Yellen said Thursday the U.S. economy is in a state of transition, not recession, despite two consecutive quarters of negative growth. Recession, Yellen insisted, is a “...
How Microsoft And Alphabet Defied The Skeptics
Bears argue the era of big tech is now over. Not so fast. Anadolu Agency Corporate earnings reports are beginning to roll out, and they are mostly dreary. However, that may not be a bad thing for tech...
Beyond Meat stock falls after conclusion of McDonald’s McPlant test
Advertising for the McPlant burger, a plant based vegetarian alternative to more traditional meat burgers by fast food giant McDonalds on 11th July 2022 in London, United Kingdom. Mike Kemp | In Pictu...
Having women in the boardroom or C-suite drives diversity, study finds
shironosov | Getty Images If you want to take a good guess at a company’s gender diversity record, you might want to first look at who its CEO or board chair is, according to the findings of a n...