Retail sales in Great Britain slump by 1.2%; government borrowing figure for June is lowest since 2019 – business live | Business
Important Events Retail sales in the second quarter declined 0.1% from the first quarter, contributing little to GDP growth. Rob WoodThe chief UK economist at Pantheon Macroeconomics said this left his second-quarter GDP growth forecast unchanged at 0.6%, compared with the Bank of England’s forecast of 0.5%. “This is due to strong consumer spending on […]
Microsoft lays off DEI team: ‘No longer business critical’
Microsoft has quietly fired its diversity, equity and inclusion team, it has emerged, after an insider leaked emails detailing changes the company was making for the new fiscal year. It’s unclear how many employees Microsoft has decided to lay off, but the move will reportedly begin on July 1, 2024 due to “changing business needs.” […]
Susan Li Fox News/Fox Business 2019 Highlights
Excited to start the 1st FULL week of 2020! Wanted to thank everyone for an amazing 2019 — I learned so much & am so … source
Here is who’s worried about JD Vance in business – from Wall Street to Silicon Valley
J.D. Vance not only shook up the presidential election, he shook up Wall Street and possibly Silicon Valley. With polls showing the likelihood of a Trump presidency growing, sources told On the Money that just hours after the Ohio senator was selected as Trump’s running mate, analysts began holding conference calls with clients, including big […]
Health insurer Elevance cautious on Medicaid business this year – Yahoo Finance
By Shriparna Roy and Amina Niasse (Reuters) – Insurer Elevance Health Inc said it expects claims from members enrolled in government-sponsored Medicaid plans to rise in the second half and that health care costs will remain high this year, sending its shares down about 7 percent on Wednesday. Shares of rival insurers that offer Medicaid […]
Microsoft Eliminates DEI Team amid ‘Changing Business Needs’
Tech giant Microsoft has disbanded its internal team dedicated to diversity, equity, and inclusion (DEI), citing “changing business needs.” The elimination of DEI has sparked criticism from within the company, some of which are conscious about its approach to such efforts. Business Insider Reports Microsoft has eliminated its internal team focused on DEI, a decision […]
Top states for business in 2024
Virginia Lt. Governor Winsome Sears talks about campus protests, President Biden’s comments, and the state’s actions amid negotiations between schools and protesters. While there’s a new winner as the best state for business in America, taking the top spot is not an uncommon occurrence. Annual rankings From CNBC All 50 states were scored in 10 […]
UK grocery inflation falls to 1.6%; Fed chair Powell hints at US rate cuts – business live | Business
Important Events Julia Korewe The water regulator in England and Wales is taking action against four more water companies, including Severn Trent and United Utilities, over sewage spills, just days after they were accused of “disrespecting” customers over recent water price increases. Ofwat said it had issued formal notice. Dwy Cymru Welsh Water, Hafren Dyfdwy, […]
BlackRock's ETF business just keeps growing, but the search for revenue goes on – CNBC
Judged by these standards, Fink’s bet proved to be one of the greatest financial investments of all time. A comprehensive analysis of BlackRock’s ETF business is a difficult task, but revenue, assets under management (AUM) and growth potential are certainly important factors. According to Morningstar equity strategist Gregory Warren, BlackRock’s total revenue for 2023 is […]
Burberry ousts chief executive; China economic growth disappoints – business live | Business
Important Events As expected, Burberry’s shares fell after this shocking news broke on Monday morning. The fashion company’s shares fell 11% in early morning trading. It’s been a pretty tough year. Today’s decline is in the bottom right of the chart below. But it’s been one-way traffic for the majority of 2024. The stock is […]