Disney and Pixar’s latest animated feature is “Elemental.” Disney The stakes are high as Pixar releases its 27th feature film in theaters this Friday. “Elemental,” a romantic immigrant story told through anthropomorphic elements of nature, arrives as Disney is under pressure to prove it hasn’t lost its golden touch in […]
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Tentative agreement ends worker slowdowns and stoppages that crippled West Coast ports
Shipping containers at the Port of Seattle. Patti Domm | CNBC A tentative deal between the Pacific Maritime Association and the International Longshore and Warehouse Union was announced Wednesday night, ending 14 days of worker slowdowns and stoppages that crippled port productivity. The new contract is for six years and […]
Own it, don’t trade it or book profits on a big winner? Cramer’s Monthly Meeting advice is clear
We’ve been emphasizing one thing of late and it’s pretty simple: Greed. Not enough of you have recognized that we have been trimming the red-hot stocks and rotating the money into stocks that are less expensive and more valuable. Periodically, the market is just plain seductive. It goes up and […]
NFL looks to give a boost to Black- and minority-owned banks
A football with the NFL logo. Jacob Kupferman | Getty Images The National Football League is making a big play to increase lending in underrepresented communities. The league is borrowing $78 million from a syndicate of Black- and minority-owned banks and community development financial institutions. The loan deal will generate […]
$5 billion fintech Zepz looks to take on rivals like PayPal with digital wallet, M&A plans
Zepz, which owns the WorldRemit and Sendwave brands, has a total headcount of around 1,600. Sopa Images | Lightrocket | Getty Images LONDON — Zepz, the owner of money transfer firms WorldRemit and Sendwave, is on the hunt for mergers and acquisitions after cutting 26% of its workforce last month, […]
China to see the world’s biggest millionaire exodus this year, new study shows
Guests are seen in the J Hotel located in the Shanghai Tower, in Shanghai on June 23, 2021. Hector Retamal | Afp | Getty Images China, with the world’s second-largest economy and the second-highest population, will again see the biggest exodus of millionaires this year, according to new research. According […]
Microsoft’s co-founder Bill Gates will reportedly meet China’s Xi this week
Bill Gates, co-chairman of the Bill and Melinda Gates Foundation, during the EEI 2023 event in Austin, Texas, US, on Monday, June 12, 2023. Bloomberg | Bloomberg | Getty Images Microsoft‘s co-founder Bill Gates will be meeting Chinese President Xi Jinping on Friday, Reuters reported Wednesday citing two sources familiar […]
Asia inflation has peaked, region’s growth to overtake U.S. and Europe, Morgan Stanley says
Japan’s Mount Fuji seen in the Tokyo’s horizon on January 1, 2011. Kazuhiro Nogi | Afp | Getty Images Asia’s growth is set to outpace that of the U.S. and Europe’s by the end of the year as the region has been largely spared from interest rate shocks, said Morgan […]
China’s youth unemployment hits a fresh record high in May, major data disappoint
A woman rests on a table at a job fair on June 9, 2023 in Beijing, China. Kevin Frayer | Getty Images News | Getty Images BEIJING — China’s youth unemployment rose to a record in May, while major data missed expectations, according to data released Thursday by the National […]
Chinese Tesla rival Xpeng gets approval to roll out driver-assist tech in Beijing
Pictured here is a six-lane road in a congested area of Beijing near Sanyuanqiao on April 15, 2023. Picture Alliance | Picture Alliance | Getty Images BEIJING — Chinese electric car brand Xpeng announced Thursday it received approval to start rolling out assisted driving tech to users in the nation’s […]