Ericsson Lays Off More Than 200 Employees in China
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Walmart to Lay Off and Relocate Workers
The retailer is cutting hundreds of corporate jobs and asking some staff to move to large corporate hubs.The Wall Street Journal - Business -
Walmart is laying off and relocating hundreds of corporate workers
Walmart is laying off hundreds of corporate workers across the country as it relocates many employees to its Arkansas headquarters.NBC News - Top stories -
Walmart is laying off, relocating hundreds of corporate workers across the country. Read the memo
The move follows the closures of the company's health clinics and comes ahead of its earnings report on Thursday.CNBC - Business -
On Holding more than doubles profit
On Holding, the Swiss apparel maker backed by tennis legend Roger Federer, said its first-quarter profit more than doubled on strong direct-to-consumer sales.MarketWatch - Business -
With America Off-Limits, China EV Makers Aim to Conquer Rest of World
Carmakers in China are accelerating a sales push in Europe and Southeast Asia and are looking to produce more abroad.The Wall Street Journal - World - China -
With America Off-Limits, China EV Makers Aim to Conquer Rest of World
Carmakers in China are accelerating a sales push in Europe and Southeast Asia and are looking to produce more abroad.The Wall Street Journal - Business - China -
Producer Prices Rose More Than Expected in April
Producer Prices Rose More Than Expected in AprilThe Wall Street Journal - World -
Tesco chief’s pay more than doubles to £10mn
Ken Murphy earns performance-linked bonuses of £8.3mn after hitting targetsFinancial Times - Business -
Tesco boss's pay more than doubles to £10m
Ken Murphy's package includes a pay-out from shares awarded after he joined the supermarket giant.BBC News - Top stories -
National-debt interest now costs more than Medicare or defense
Last week we got “good news” on Social Security and Medicare. Here’s the rest of the story.MarketWatch - Business -
Wholesale prices rose 0.5% in April, more than expected
The producer price index was expected to increase 0.3% in April, according to the Dow Jones consensus estimate.CNBC - Business -
Huge billboard toppled by storm kills more than a dozen people in India
A metal billboard bigger than an Olympic swimming pool crumpled onto a gas station in Mumbai, killing at least 14 people and wounding dozens more.CBS News - World -
Federal student loan interest rates highest in more than a decade
The Department of Education announced Tuesday that federal student loan interest rates for the 2024-2025 school year hit 6.53 percent, up from 5.5 percent the previous year. Higher education expert Mark Kantrowitz told CNBC the new undergraduate ...The Hill - Politics -
Cohen Lays Out Hush-Money Plot, and Protest Shadows Israeli Holiday
Plus, a diss track tops the charts.The New York Times - Top stories - Israel -
Wildfires may be emitting more carbon and toxic chemicals than assumed, by changing soil composition: Study
Wildfires may be releasing more planet-warming carbon dioxide and toxic chemicals than previously anticipated — by changing the composition of the soil systems that they burn, a new study has found. The charcoal-like remnants of charred wood and ...The Hill - Politics -
The Latest | More than half a million people flee fighting in Rafah and northern Gaza, UN says
The United Nations says more than half a million Palestinians have been displaced in recent days by escalating Israeli military operations in both southern and northern GazaABC News - World -
Dr. Cyril Wecht, celebrity pathologist who argued more than 1 shooter killed JFK, dies at 93
Dr. Cyril Wecht has died at age 93 after spending much of his life pressing his view that more than one shooter was involved in President John Kennedy’s 1963 assassinationABC News - Entertainment -
Money managers are more bullish than at any point since November 2021, survey shows
Money managers expect the Federal Reserve will start cutting rates in the second half of 2024 and believe the U.S. will avoid a recessionMarketWatch - Business -
GameStop shares jump more than 70% after "Roaring Kitty" trader returns
GameStop shares jumped more than 70% on Monday after trader Keith Gill, known online as "Roaring Kitty," returned with a social media post after being gone for four years.CBS News - Top stories -
EV maker Mullen now has enough cash to fund operations for more than a year
Shares of Mullen Automotive Inc. rallied Tuesday after the maker of commercial electric vehicles announced new financing commitments that give it access to enough cash to run its business for more than a year.MarketWatch - Business