THE headquarters of General Motors (GM) tower over the other skyscrapers in Detroit’s city centre, a reminder that the carmaker still rules the American market. Yet GM’s domestic might increasingly contrasts with its position elsewhere in the world. Although most other carmakers see becoming ever bigger everywhere as the answer to the industry’s multiple challenges, […]
Read moreJEFF BEZOS does not like sitting still. In his annual letter to Amazon’s shareholders this year, he warned of “stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death.” Competitors are toiling to avoid the same fate but it is hard to keep up. On June 16th Amazon said it would pay $13.7bn […]
Read moreONE hundred years ago, Argentina was not the country it is today. Thanks to a belle époque of lavish foreign investment, rapid inward migration and bountiful agricultural exports, its GDP per person in 1917 was comparable to that of Germany and France. Although the first world war brutally interrupted international trade and investment, the country […]
Read morePresident Donald Trump has offered a simple explanation for his wealthy Cabinet choices: Rich people know how to manage money better than poor people do. In a rambling aside at a rally in Iowa on Wednesday night, Trump responded to criticism about his choices for top economic jobs, including billionaire investor Wilbur Ross for Commerce […]
Read moreIn times of organizational crisis, some companies are able to right the ship, while others sink under the pressure. Recently, Uber has been under fire for a bad corporate culture, which promoted, among other things, sexism and other forms of toxic behavior. This led to a four-month investigation and pressure from the board for founder […]
Read moreWal-Mart could step in as a rival bidder for Whole Foods Market, JPMorgan analysts said, as shares of the grocery chain rose above the $42 price offered by Amazon earlier this month. JPMorgan research analysts said in a note Thursday that Wal-Mart could be drawn to Whole Foods for its relatively wealthier customers and strong […]
Read moreFacebook is introducing new protections for profile pictures for users in India, in a bid to stop people from copying, sharing, or otherwise misusing their images. Users who elect to guard their profile through the new system will ensure that others can’t send, share, or download their picture, and will keep strangers from tagging themselves […]
Read moreOracle’s stock opened at a record high on Thursday. Shares opened at $51.57 after the company’s fourth-quarter earnings beat analysts’ expectations. Oracle hit its last all-time high on March 16, when shares climbed to $46.99. The company reported earnings per share of 89 cents, excluding items, beating the 78 cents a share expected by analysts, […]
Read moreMore than 600 employees at a Carrier plant in Indianapolis are bracing for layoffs beginning next month, despite being told by President Trump that nearly all the jobs at the plant had been saved. The deal, announced with great fanfare before Trump took office, was billed not only as a heroic move to keep jobs […]
Read moreCanaccord Genuity’s Tony Dwyer is using just one chart to show the bears that stocks are moving higher. “There’s this narrative out there that the yield curve flattening is telling you that the economy is closer to recession and the stock market is in trouble. History shows the opposite is true,” the firm’s chief market […]
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