Business Macro Economic Gateway

Billionaire investor Ryan Cohen cashed out his entire position in Bed Bath & Beyond this week, roughly five months after taking a major stake in the company and advocating for changes.... Read more...

The end of government underwriting of such medicines could lead to a windfall for drugmakers.... Read more...

A petition sent to CEO Sundar Pichai and signed by more than 650 employees also calls on Alphabet to remove search results for crisis pregnancy centers.... Read more...

It took longer than expected for the iPhone to become a wallet. But the patience of Apple is slowly paying off.... Read more...

Americans spent more of their TV-viewing time streaming content on services like Netflix, YouTube and HBO Max than they did watching cable TV, according to Nielsen.... Read more...

Starbucks Chief Operating Officer John Culver is departing the company after two decades with the coffee chain.... Read more...

Madison Square Garden Entertainment announced Thursday it's exploring a spinoff of its live entertainment business.... Read more...

Kohl's said its middle-income customers have been particularly pressured by higher inflation.... Read more...

Even as homebuilder sentiment dropped, Home Depot and Lowe's saw continued strong demand from contractors.... Read more...

Taco Bell is testing a plant-based meat substitute made from soy and pea protein at its restaurants in Birmingham, Alabama.... Read more...

Retail sales figures reveal impact of cost of living crisis on shopping habits... Read more...

Public finances improve in July from weak reading a month earlier... Read more...

Millions of British households are already on the brink — and the months-long squeeze is only just starting... Read more...

Following last week’s savage attack, Simon Schama argues that disrespect is essential for democracy and the author’s fight for free expression is for us all... Read more...

World economic growth still requires fossil fuel production but long-term climate ambitions must stay in place... Read more...

The sales came amid a surge in the struggling retailer’s shares this week, with the stock price more than quadrupling from a recent low in July. ... Read more...

The company's stock slumped in late trading, on top of a 20% fall in Thursday’s regular session.... Read more...

The HSBC report comes as Singapore is seeing an influx of expats, money, and business. ... Read more...

Is ice cream really healthier than a multigrain bagel? Experts say it’s more complicated than that... Read more...

On the same day, he tweeted that he supports the “left half of the Republican Party and the right half of the Democratic Party.” ... Read more...

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UK’s blue-chip stock index edged lower on Friday, and the domestically focused midcap index was set to end the week down as consumer sentiment hit a record low amid the cost-of-living crisis. The exporter-heavy FTSE 100 slipped 0.2% by 0715 GMT, with losses capped by sterling’s tumble to a four-week... Read more...

Natural gas in Europe headed for the longest run of weekly gains this year, intensifying the pain for industries and households, and threatening to push economies into recession.... Read more...

The US is preparing $800 million in additional military aid to Ukraine, with an announcement possible as soon as Friday, Reuters reported. November’s G-20 meeting in Bali is shaping up as a showdown between Russian President Vladimir Putin and US President Joe Biden.... Read more...

Gold prices slipped to a three-week low on Friday and were set for their first weekly drop in five, as a stronger dollar and prospects of more rate hikes by the U.S. Federal Reserve dented bullion’s appeal. Spot gold was down 0.2% at $1,753.97 per ounce, as of 0706 GMT,... Read more...

LAGOS — Nigeria’s sovereign wealth fund recorded after tax profit of 153.8 billion naira ($366 million) in 2021, down 1.9% from the previous year, the vice president’s spokesman said. Laolu Akande said in a statement on Thursday that the head of Nigerian Sovereign Investment Authority (NSIA) had made a presentation... Read more...

In early trade the rand was at R16.92 against the dollar, down more than 0.2% on its previous close.... Read more...

Board approves interim dividend of 515 cents per share, at a pay-out ratio of 55%.... Read more...

According to a Prosus statement announcing the deal, iFood is making around 70 million deliveries per month.... Read more...

Gold was at $1 755.32 an ounce, down 0.2%.... Read more...

Spot gold fell as much as 0.4% to $1 751.91 an ounce.... Read more...

Many companies launch transformations without understanding their own organizational culture or whether that culture will support the new strategic direction. To avoid this mistake, companies should formally assess their culture, using data to quantify its strengths, challenges, and potential areas of improvement.... Read more...

Daniel Akst reads The Comfort Letter, by Arthur R.G. Solmssen, a 1975 novel about a lawyer, an empire builder, and a debt offering that sheds light on the complex obligations of professionals to clients, one another, and the rest of us.... Read more...

The turmoil, technological change, and disruption the world is experiencing today have echoes of the great societal transformation of the period between 1890 and 1920. Kevin Maney argues that the advent of foundational technologies like digitization and AI spurs the rapid--and occasionally jolting--transformation of all industries.... Read more...

Effective leaders know that long-term corporate success requires a strong organizational culture that is well aligned with purpose and strategy, and yet cultural barriers are still an impediment to large-scale transformation and growth for many companies. The University of Toronto's Roger Martin says the solution is not major culture... Read more...

Many corporate purpose statements are poorly constructed, vague, and don't bear much relationship to what a company does. Sally Blount and Paul Leinwand advise leaders on practical ways to connect purpose to their core business strategy.... Read more...

Parliament amended Section 29 of the Competition Act in 2019, allowing punishment for...... Read more...

The United Kingdom (UK) has opened a window for Kenyan goods such as apparel and agricultural...... Read more...

A court has temporarily barred eight members of the REREC Board of Directors from discharging...... Read more...

The outgoing health team tasked the 13th Parliament to take over the review of the general cost...... Read more...

Digital lenders on Thursday moved to court seeking to revoke the 20 percent excise tax on loans...... Read more...