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CNN names former New York Times CEO Mark Thompson as its chief
CNN has appointed Mark Thompson, the former CEO of The New York Times, as its new president and chief executive officer. Thompson, who served as the CEO of the newspaper from 2012 to 2020, has over 30 years...
U.S. labor market loses steam as job openings, resignations decline
The U.S. labor market has been losing steam in recent months, with job openings and resignations both declining, according to the latest data from the U.S. Bureau of Labor Statistics. In August, the number of job openings declined...
Rural town braces for Tyson plant closure as manufacturing booms elsewhere
The closure of a Tyson Foods factory in rural Kansas is likely to bring a painful end to the town’s dreams of becoming a manufacturing powerhouse. The factory’s closure comes at a time when manufacturing is booming elsewhere....
Southwest Airlines is now limiting a service that lets passengers buy a better spot in the boarding line
. Previously, customers could purchase "EarlyBird" services for a fee of up to $25 and get an assigned boarding position that places them ahead of non-paid passengers. Now, Southwest is limiting the number of EarlyBird purchases available on...
Peloton shares fall after it posts wider-than-expected loss, falling sales due to Bike recall, seasonality
Peloton's shares fell on Tuesday after the company reported a wider-than-expected loss and falling sales due to a recall of its Peloton Bike earlier this year and seasonality. The company reported a wider-than-expected adjusted net loss of $100.2...
Kraft Heinz picks new CEO as sales slump in the face of higher prices
Kraft Heinz, one of the largest food and beverage companies in the world, has tapped Miguel Patricio as its new chief executive and president. Patricio, a Portuguese national, will be the first non-American to hold the top position...
U.S. payrolls climbed by 209,000 in June, less than expected
The labor market in the United States showed signs of slowing in June, with payrolls increasing by 209,000, below expectations for an increase of 230,000. The unemployment rate edged down to 4.0%, its lowest level since 2000, while...
Diverse Investments: Bonds, Eurodollars, Metals, Oil, and a Choice
of Stocks Investing is a crucial aspect of financial planning, and it is essential to diversify your portfolio to minimize risks and maximize returns. There are various investment options available in the market, including bonds, Eurodollars, metals, oil,...
Crude Oil Faces Hurdles on Path to $100
Crude Oil Faces Hurdles on Path to $100 The global crude oil market has been on a rollercoaster ride in recent months, with prices surging to multi-year highs before experiencing a sharp correction. While some analysts predict that...
