The recent call for action by U.S. Consumer Product Safety Commission members, Peter Feldman and Douglas Dziak, to investigate the safety practices of foreign-owned e-commerce platforms such as Shein and Temu has sparked concerns about the sale of potentially dangerous baby and toddler products. This move highlights the growing need to scrutinize the safety and
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Molson Coors recently made headlines with its decision to reverse its diversity, equity, and inclusion policies. The company announced that it will be eliminating supplier diversity quotas, citing external factors beyond its control as a reason for the change. This shift in strategy is significant as it marks a departure from the company’s previous initiatives
The safe-haven Japanese yen has experienced a significant rally, while riskier currencies like the Australian dollar and sterling have struggled in the aftermath of the recent sell-off on Wall Street. The surge in the yen can be attributed to concerns sparked by soft U.S. manufacturing data, which has heightened fears of a potential hard landing
The fall box office season is looking brighter than ever with the highly anticipated release of Beetlejuice Beetlejuice. Warner Bros. is set to make up for their string of summer flops with the Tim Burton-directed sequel that is already generating buzz. The movie is eyeing a global start with estimates as high as $145 million,
Steph Curry, the four-time NBA champion, is already looking towards his future beyond the basketball court. In a recent interview with CNBC’s “Squawk on the Street,” the 10-time NBA All-Star discussed his plans for the rest of his basketball career, as well as his various business ventures and goals for after his playing days come
The European Central Bank (ECB) is currently facing a heated internal debate among policymakers regarding the outlook for growth in the Eurozone. This conflicting narrative has created a rift that is likely to influence the ongoing rate cut discussions, with some members expressing concerns about a potential recession while others are more focused on the
China’s economic landscape has seen a significant shift in recent years, with some cities thriving while others struggle to keep up. The latest data from the Milken Institute’s best performing cities China index reveals a mixed bag of results for the country’s large- and mid-sized cities. Hangzhou, the capital of Zhejiang province and home to
Volkswagen, Europe’s top carmaker, is currently facing mounting price pressure from Asian rivals which may lead the company to considering closing factories in Germany for the first time. This move would mark the first major clash between Chief Executive Oliver Blume and the influential unions at VW. The executive board’s plans have been met with
The rapid advancement of technology has prompted many hotel chains to revolutionize the way guests access their rooms. With the emergence of digital options like Apple Wallet and Google Wallet apps, the traditional plastic room key is quickly becoming obsolete. The shift towards touchless technology has been further accelerated by the onset of the pandemic,
Recent data suggests that Bank Negara Malaysia (BNM) is likely to keep its key interest rate steady as the country’s economic growth remains robust and inflation is under control. Despite the current inflation rate of 2.0%, BNM has successfully kept it in check. Additionally, the Malaysian ringgit has shown signs of strength, transitioning from one
Russia’s trade with India has experienced a significant growth, nearly doubling to $65 billion in 2023. The increase in trade can be attributed to India becoming a major importer of Russian oil after Western sanctions were imposed over a conflict in Ukraine. This surge in trade has led to a booming bilateral relationship between the
REA Group, a property listings company primarily owned by News Corp, has expressed interest in acquiring Rightmove to create a global real estate entity. This move has caused a surge in Rightmove’s shares, propelling them to their highest level since March 2022. Rightmove, being Britain’s largest property portal, boasts a significant market value and generates
Huawei, the Chinese technology giant, is set to hold a product launch event this month, strategically timed just hours after Apple’s annual iPhone reveal. The event is scheduled to take place on September 10 at 2:30 p.m. Beijing time, which coincides with the late evening of September 9 on the west coast of the U.S.,
In today’s unpredictable market conditions, investors are constantly seeking ways to mitigate risks and protect their investments. One key factor to consider is the nonfarm payrolls report, which has emerged as a crucial data release for stocks. According to Bank of America Securities, the nonfarm payrolls number has become a significant source of market volatility,