Smithfield Foods’ CEO Shane Smith says he hopes that everything the company has done to make working in its plants more attractive ever since COVID tore through the industry during the pandemic will help it weather the impact of President Donald Trump’s promised mass deportations Smithfield Foods’ CEO says he hopes that everything the company…
Target’s rollback on diversity, equity and inclusion initiatives is raising questions about the retail giant’s philanthropic commitment to fighting racial disparities and promoting progressive values in liberal Minneapolis, where it is based, and beyond Target’s rollback on diversity, equity and inclusion initiatives is raising questions about the retail giant’s philanthropic commitment to fighting racial disparities and promoting…
The superstar run for Nvidia’s stock the last few years has been astonishing The superstar run for Nvidia’s stock the last few years has been astonishing. So was its tumble Monday, which caused $595 billion in wealth to vanish. That’s about as much as PepsiCo, McDonalds, Starbucks and Target are worth, combined. Mostly known only…
The fires in California have been devastating for many small business owners and others who saw their homes, businesses or livelihoods go up in smoke The fires in California have been devastating for many small business owners and others who saw their homes, businesses or livelihoods go up in smoke. Raquel “Rockey” Smeir startedMy Friends Café in…
British supermarket group Morrisons said on Wednesday that a November cyber attack at technology provider Blue Younder hit its product availability, impacting Christmas sales. “Our warehouse management system had to be shut down, leaving us without visibility on our fresh and produce stock levels for several days,” CEO Rami Baitieh told reporters. Finance chief Jo…
Shares in Logitech jumped as much as 9.4% at 0835 GMT on Wednesday, a day after the Swiss-American computer keyboard and mouse-maker raised its full-year outlook and posted a third-quarter sales beat. The results underscore the company’s strong execution, driven by high demand across regions and product categories alongside a robust margin performance, which positions…
Japan’s Advantest on Wednesday hiked its full year operating profit forecast by 37% due to strong demand for its testing tools for chips used in artificial intelligence tasks. “As of late, we have seen further growth in tester demand for AI related, high performance semiconductors,” CEO Douglas Lefever told an earnings briefing. Advantest forecasts operating…
The Czech National Bank will consider holding billions of dollars worth of bitcoin in its reserves, Governor Ales Michl said on Wednesday, potentially the first shift into the cryptocurrency by a western central bank if it went ahead. Michl said the idea was still under analysis and no immediate decision was forthcoming. Central banks traditionally…
X is teaming up with Visa to soon offer a system for real-time payments on the social media platform X is teaming up with Visa to soon offer a system for real-time payments on the social media platform — signaling some progress in a yearslong vision from billionaire owner Elon Musk to create an “everything app.”…
The cloud computing market is not working effectively and Britain’s antitrust watchdog should use new powers to investigate market leaders Amazon and Microsoft, with a focus on the latter’s licensing practices, the watchdog’s inquiry group said. Britain’s Competition and Markets Authority (CMA) has been investigating a market dominated by Amazon’s AWS, Microsoft’s Azure and, to…
