Consumer and Business Interest in the Metaverse Is Growing Accenture
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Tencent Profit Jumps as High-Margin Businesses Grow
Chinese technology giant Tencent reported a sharp rise in profit for the first quarter, buoyed by rapid growth in its high-margin businesses.The Wall Street Journal - World -
Tencent Profit Jumps as High-Margin Businesses Grow
Chinese technology giant Tencent reported a sharp rise in profit for the first quarter, buoyed by rapid growth in its high-margin businesses.The Wall Street Journal - Business -
Bargain app Temu, which has gained spectacular popularity with American consumers, is shifting business priorities beyond the U.S., people close to the company said.
Bargain app Temu, which has gained spectacular popularity with American consumers, is shifting business priorities beyond the U.S., people close to the company said.The Wall Street Journal - World -
Boot Barn’s stock sinks after it expects continued consumer caution in outlook
Shares of Western-wear retailer Boot Barn Holdings Inc. slid after hours on Tuesday, after the chain forecast sales trends for the fiscal year ahead that were below Wall Street’s expectations amid continuing tepid demand from shoppers.MarketWatch - Business -
High Interest Rates Are Hitting Poorer Americans the Hardest
The economy as a whole has proved resilient amid the highest rates in decades. But beneath the surface, many low- and moderate-income families are struggling.The New York Times - Business -
Netanyahu and Sinwar have common interests in prolonging the war
In a calamitous confluence of circumstance, Sinwar and Netanyahu now have intersecting interests. They are each other’s best friend and foil.The Hill - Politics -
Silver lining for consumers: Food price growth has gone flat and other prices are falling
Price growth in many key consumer categories has slowed considerably or ceased altogether — but that has done little to dent consumer worries as the costs of housing and other services have continued to climb.NBC News - Top stories -
The ranking: Africa’s Fastest Growing Companies 2024
List of 125 includes many businesses that have overcome the Covid pandemic and the continent’s economic problemsFinancial Times - World -
Will High Interest Rates Curb Inflation? The Fed Will Wait and See
While consumers clamor for rate cuts, the central bank leadership is prepared to hang on until inflation stops climbing.Inc. - Business - Federal Reserve -
What Forecasters Say About Interest Rates (and Why They Disagree)
Hopes for a steep drop in borrowing costs for consumers and businesses have been dashed. But some experts predict modest reductions in coming months.The New York Times - Business -
DeSantis says wife has 'zero' interest in running for office
Florida Gov. Ron DeSantis (R) shot down speculation Monday that his wife, Casey DeSantis, has any interest in running for future office. During a press conference Monday, DeSantis was asked whether his wife would consider running for Florida ...The Hill - Politics -
Home Depot misses on revenue, as high interest rates hurt sales
Home Depot reported first-quarter earnings as it tries to grow sales with home professionals in a tough housing market.CNBC - Business -
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 -
Fed’s Powell hints interest rates will stay high as US inflation lingers
Central bank chair says economy performing well but cites ‘lack of progress’ on price pressuresFinancial Times - Business - Federal Reserve -
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 -
Officials identify "vessel of interest" in deadly boat hit and run
Florida officials say a "vessel of interest" has been identified in connection with a deadly hit and run that killed a 15-year-old ballerina who was waterskiing over the weekend. Cristian Benevides has the details.CBS News - Top stories -
Succession Planning Woes Complicate Family Business Growth
If small-business owners don't think ahead or communicate internally about next steps, they could create challenges down the line.Inc. - Business -
Meta to shut down Workplace app for business
The business collaboration tool will be phased out over the next year as Meta focuses on AI and the metaverse.CBS News - Top stories - Meta