Canada Goose recently announced its decision to reduce its corporate workforce by approximately 17%. This move comes amidst a trend of retailers laying off employees due to a decrease in consumer spending on non-essential items. While the exact number of employees affected by these layoffs has not been disclosed, it is clear that the cuts
As Broadway’s spring season kicks off, recent newcomers are drawing strong audiences and making quite an impression. Two shows had their opening nights during the week ending March 24, with promising results. An Enemy of the People, starring Jeremy Strong, Michael Imperioli, and Victoria Pedretti, played to standing room only crowds at Circle in the
BlackRock Chairman Larry Fink has raised concerns regarding the growing crisis surrounding retirement in America as people now live longer lives. He pointed out that the current system is failing to provide a secure financial future for individuals as they age. Fink emphasized the importance of addressing this issue urgently, as it is one of
The Central Bank of Nigeria recently made the decision to raise its key interest rate by 200 basis points, signaling a move to address the country’s ongoing challenges with inflation and its currency crisis. This adjustment comes on the heels of a 400 basis point increase earlier this year, highlighting the seriousness with which policymakers
The Bank of Japan has recently made a significant shift in its policy approach by moving away from its dovish forward guidance and embracing a more “data-dependent” strategy. After ending eight years of negative rates and unorthodox policies, the BOJ is now keeping the door open for another near-term hike in borrowing costs. This change
Apple Inc. (NASDAQ:AAPL) has received a positive affirmation from Evercore ISI, a leading investment firm, regarding its recent decision to incorporate Baidu (NASDAQ:BIDU)’s artificial intelligence platform, Ernie, into its operations within the Chinese market. This strategic move has significant implications for Apple’s AI development and its relationship with the Chinese government. The partnership with Baidu
Bitcoin made a significant jump at the start of the final week of March, reclaiming the $70,000 mark. The surge in price was notable, with the leading cryptocurrency climbing by approximately 7% to reach $70,617.68. Alongside Bitcoin, Ether also experienced a 7% increase, reaching $3,621.30. This upward trend was not limited to just the top
Boeing, the embattled aerospace giant, is undergoing a major management shake-up, with CEO Dave Calhoun set to step down at the end of 2024. Along with Calhoun, Chairman of the board Larry Kellner is also resigning and will not stand for reelection at Boeing’s annual meeting in May. These changes are part of a broader
Universal/DreamWorks Animation’s Kung Fu Panda 4 had an impressive weekend at the international box office, raking in $55.3M from 69 markets. This added to its overseas running total of $135M, bringing its global earnings to $268.2M. The film performed exceptionally well in China, with $25.7M generated, including previews from the previous session. China has historically
The private equity landscape in Asia Pacific saw a significant shift last year, with the total value of deals falling to its lowest since 2014. This decline can be attributed to various factors, including slowing growth, high interest rates, and volatile public markets. Fundraising also hit a 10-year low, painting a challenging picture for investors
The current state of the foreign exchange market sees the dollar gaining momentum, while the Japanese yen remains at a multi-decade low. The threat of Japanese authorities intervening to stabilize the yen has prevented the greenback from soaring even higher. At the time of writing, the yen is trading at 151.25 per dollar, not far
IFC’s Late Night With The Devil has exceeded all expectations with its distributor’s largest opening weekend to date, bringing in an estimated $2.8+ million across 1,043 screens. This impressive performance has solidified Late Night as the sixth highest-grossing film at the domestic box office. Prior to this weekend, the distributor’s top opening films included Watcher,
In the current market environment, where geopolitical tensions and the impending U.S. presidential election can cause volatility, investors are seeking stability in their portfolios. One way to achieve this is by considering high-quality dividend stocks with a track record of steady income payments. Analysts conduct in-depth research into companies’ fundamentals to assess their ability to
China’s economic policies are at a crossroads, according to the International Monetary Fund’s Managing Director Kristalina Georgieva. In a meeting with senior Chinese officials and global company executives, Georgieva emphasized the need for China to “reinvent itself” in order to address the property market crisis, boost domestic consumption, and enhance productivity. This call for reinvention