Stephanie Loomis had hoped the chaos surrounding the global supply chain was dying down. Blockage of shipping traffic outside ports. Multiplied costs of movement of goods. As a result of the lack of goods. All this seemed like an unpleasant memory limited to the Covid-19 pandemic. There is no such luck. As Head of Ocean … Read more
RXO’s acquisition of Coyote Logistics announced on Sunday got a tumultuous reception on Wall Street on Monday, with the company’s stock price trading up double-digit percentages in a move that management said will make it the third-largest brokerage of goods in the country. . As of 11:15 a.m. EDT, RXO stock was up about 21.9% … Read more
The latest headlines from our reporters across the US delivered straight to your inbox every weekday Your conference on the latest headlines from across the US Elon Musk has confirmed that he welcomed a new child earlier this year with Neuralink executive Shivon Zilis, the couple’s third child together and Musk’s 12th child. The business … Read more
The millionaire investment banker who punched a woman in the face during a Pride event in Brooklyn earlier this month has resigned from his job, the company said Monday. Jonathan Kaye, head of the global business services franchise at Moelis & Co. based in Manhattan, was caught punching the anti-Israel protester in Park Slope on … Read more
NEW YORK (AP) – North American auto dealers continue to struggle with major disruptions that began last week with cyberattacks on a software company widely used in the auto retail sector. CDK Global, a company that provides software to thousands of car dealers in the US and Canada, was hit by cyber attacks on Wednesday. … Read more
Hannah Maruyama says she wouldn’t be as happy — or successful — at work as she is now if she’d followed any of the career advice she was given in her teens and 20s. Her teachers told her she “wouldn’t get far” without going to college and getting a bachelor’s degree. Friends warned him not … Read more
Metaplanet will issue ¥1 billion in bonds to buy Bitcoin. Analysis of Bitcoin market fundamentals suggested limited impact on the overall price. Despite a recent decline in Bitcoin [BTC] price, impacting the broader cryptocurrency market, Japanese firm Metaplanet is doubling down on its Bitcoin strategy. At press time, BTC was trading at $62,825, reflecting a … Read more
A Shein pop-up store at ABC Serrano in Madrid, Spain, April 26, 2024. Alejandro Martinez Velez | Europa Press | Getty Images Shein, the fast-fashion giant with ties to China, has confidentially filed for a public listing in London after facing strong backlash in the U.S., a person familiar with the matter told CNBC. The … Read more
(Bloomberg) — Stocks rebounded from earlier losses as several other industries outside the tech world advanced, riding out a selloff that shaved almost $400 billion from Nvidia Corp.’s value. Most Read by Bloomberg While the S&P 500 eked out gains, a decline in the giant chip maker raised speculation that the growth in the industry … Read more
Romain Dumas took his fifth outright victory on the famed Pikes Peak hillclimb in Ford’s F-150 Lightning SuperTruck electric demonstrator, despite briefly stopping and having to restart. Dumas explained that the glitch, which required him to perform a power cycle, had never occurred before in the prototype’s two-year development and was estimated to have cost … Read more