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Trizium Will Be Temporarily Closed

Trizium Will Be Temporarily Closed as We Enter a Development Phase

Shoppers Seek Deals, but Dollar General and Dollar Tree Miss Out

As shoppers look for value, dollar stores might seem like a natural choice. However, this cost-conscious mindset hasn’t been enough to boost sales for Dollar Tree and Dollar General, which are facing significant challenges.

US Black Friday Spending Sees 3.4% Year-Over-Year Increase in Stores and Online

Black Friday spending in U.S. retail stores showed limited growth this year, while online sales surged, reflecting a shift in consumer behavior as more Americans opted for the convenience of shopping via phones and laptops.

Futures Slip Amid Cautious Sentiment Ahead of Inflation Data

U.S. stock index futures edged lower on Wednesday as investors awaited pivotal economic reports, including a key inflation metric expected to shape the Federal Reserve's monetary policy outlook.

Jaguar Urges Trust and Patience Amid Rebranding Efforts

Jaguar has urged the public to "trust and reserve judgement" as it embarks on the most significant transformation in its 102-year history.

Bosch to Reduce Working Hours for 10,000 Employees in Germany

U.S. Weekly Jobless Claims Drop to Seven-Month Low

The number of Americans filing for new unemployment benefits dropped to a seven-month low last week, signaling a potential rebound in job growth for November after setbacks from hurricanes and strikes in October.

Eli Manning, Derek Jeter, and Jimmy Fallon Join TGL New York Golf Club Investors

Tiger Woods and Rory McIlroy’s new high-tech golf league, TGL, is gaining star-studded backing from New York icons.

Calls for Google to Sell Chrome to Break Search Monopoly

The U.S. Department of Justice (DOJ) has called on Google to sell Chrome, the world’s leading web browser, as part of a broader effort to curb the company’s dominance in online search.

Target Shares Drop 20% After Slashing Forecast and Reporting Largest Earnings Miss in Two Years

Target reported disappointing results for its fiscal third quarter, missing Wall Street’s earnings and revenue forecasts and experiencing its largest earnings miss in two years.

Google Responds Strongly to Reports of Potential Chrome Divestiture

Google Warns of Consumer Harm if Forced to Sell Chrome Amid Antitrust Case

NBA and Warner Bros. Discovery Resolve Lawsuit Over Live Game Rights

Warner Bros. Discovery Ends Bid for NBA Live Game Rights, Settles Legal Disputes

Spirit Airlines Seeks Bankruptcy Protection Amid Rising Losses

Spirit Airlines Files for Bankruptcy Protection After Struggles with Losses, Failed Merger, and Rising Costs

Restaurant Executives Look to 2025 After Slow Traffic and Surge in Bankruptcies

After a challenging year, restaurant executives are eagerly looking ahead to 2025, anticipating a brighter outlook for the industry.

ByteDance, TikTok's Parent Company, Reaches $300 Billion Valuation: Sources

ByteDance, the parent company of TikTok, is valuing itself at approximately $300 billion following its recent approach to investors for a share buyback program, according to sources and a document reviewed by Reuters.

Wharton’s Jeremy Siegel Calls Trump the Most Pro-Stock Market President in U.S. History

The stock market may see a significant boost under President-elect Donald Trump, potentially surpassing gains from any previous administration due to his pro-business stance, says Jeremy Siegel, a finance professor at the Wharton School of the University of Pennsylvania.

Bond Market Faces Uncertain Path as Traders Recover from Turbulent Week

The bond market selloff triggered by Donald Trump’s recent presidential win ended almost as quickly as it started. However, firms like BlackRock Inc., JPMorgan Chase & Co., and TCW Group Inc. are cautioning that the market’s volatility is far from over.

US Orders TSMC to Suspend Shipments of AI-Related Chips to China

The U.S. has instructed Taiwan Semiconductor Manufacturing Co. (TSMC) to halt shipments of advanced chips.

Wall Street Braces for Trump 2.0: Tariffs, Tax Cuts, and Market Volatility

Trump's proposed tariffs—up to 10% on imports and 60% on Chinese goods—could have significant implications for markets.

Boeing Strike Ends After Workers Approve New Contract

Boeing workers on the West Coast ended a contentious seven-week strike on Monday after ratifying a new contract, bringing relief to the troubled aerospace giant.

Telecoms Deal Completed, Promising World-Class Services

Telecoms company Sure has announced the successful completion of its acquisition of rival Airtel Vodafone in the Channel Islands, following approval from the States of Guernsey to temporarily suspend competition laws to facilitate the deal.

Boeing Machinists Vote on Union-Backed Contract Proposal, Issuing a Warning

Boeing's striking machinists, numbering over 32,000, are set to vote for the third time on a contract proposal this Monday.

SICO Unveils $500M in New Investment Products at Gateway Gulf 2024

The new offerings feature two Bahrain-domiciled funds: a USD 100 million global equities fund and a USD 50 million Turkish Shariah opportunities fund.

TGI Fridays Operator Files for Bankruptcy Due to Financial Struggles

TGI Fridays, an American casual dining chain, has filed for Chapter 11 bankruptcy protection following prolonged financial difficulties

Boeing raises pay offer in bid to end seven-week strike

Striking Boeing workers are set to vote on a new offer from the aviation giant, which includes a 38% pay rise over four years

BYD Surpasses Tesla in Quarterly Revenue for the First Time

Chinese electric vehicle giant BYD has surpassed Tesla in quarterly revenues for the first time, posting over 200 billion yuan ($28.2 billion) between July and September—a 24% increase from last year. However, Tesla still sold more EVs than BYD in the third quarter.

Starbucks CEO Commits to Strategic Overhaul Amid Third Consecutive Quarter of Falling Sales

Starbucks reported quarterly earnings and revenue that missed analysts' expectations, driven by disappointing sales in the U.S. and China. This first report under new CEO Brian Niccol, who joined in September, highlighted the need for a strategic overhaul to win back customers.

Goldman Institute Advocates for 'Data Center Diplomacy' Amid U.S. AI Competition

Data centers are crucial to artificial intelligence infrastructure, and their global locations could have significant geopolitical impacts for the U.S., according to Jared Cohen, president of global affairs at Goldman Sachs

The Rise of AI Diplomacy

CDC Reports 75 Cases of E. coli Linked to McDonald’s Quarter Pounders

A deadly E. coli outbreak linked to McDonald’s Quarter Pounders has resulted in 75 cases across 13 states

TKO Group Acquires IMG, Professional Bull Riders, and On Location from Endeavor in a $3.25 Billion Deal

TKO Group, which owns WWE and UFC, is expanding into sports-adjacent properties by acquiring three businesses from its controlling owner

AI Takes the Trading Floor: Morgan Stanley Expands OpenAI Chatbot to Wall Street Division

Morgan Stanley is expanding its use of OpenAI-powered generative artificial intelligence tools to its prestigious investment banking and trading division

Victory Declared in Global Fight Against Inflation

The International Monetary Fund (IMF) announced on Tuesday that high inflation has mostly been defeated globally, offering a surprisingly positive outlook after previously warning that progress had stalled

Muhammad Anas

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November 10, 2024