Business News

Cato Corporation (NYSE:CATO) has suspended its regular quarterly dividend, in light of the current economic conditions and current sales trends. Shares fell 7% premarket on Friday in reaction. The company incurred a loss of $0.79 per share in the third quarter on revenue of $146.17M that fell 7.6% Y/Y. It last paid dividend of $0.17/share in September.

McLaren Racing CEO and Mastercard executive Raja Rajamannar talk partnership ahead of Las Vegas Grand Prix. McLaren Racing Formula 1 Team and Mastercard officially launched their partnership on Thursday ahead of practice for the 2024 Las Vegas Grand Prix. McLaren Racing CEO Zak Brown and Mastercard chief marketing and communications officer Raja Rajamannar hosted several … Read more

LONDON (Reuters) – Apple (NASDAQ:) could be holding back innovation in smartphone browsers, according to a report by Britain’s competition regulator, which recommended that Apple’s and Google (NASDAQ:)’s duopoly in mobile ecosystems should be investigated with its new powers. The Competition and Markets Authority (CMA) said on Friday it had provisionally found the mobile browser … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Studies of discrimination are often both depressing and unsurprising. It doesn’t pay to be part of a minority group? Well, knock me down with a feather. But some do manage to defy expectations. Several academic … Read more

Good morning. Millennials—the overachieving, avocado toast-eating, unluckiest generation in American history-ing demographic of which I am an elder (geriatric?) statesman—are apparently the most optimistic about AI in the workplace. According to a survey published this week, a majority of millennials said AI improved decision-making, reduced stress, and enhanced creativity at work. Meanwhile just 1 in … Read more

The Department of Public Enterprises has decided to monetise land assets of debt-riddled Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) by the end of the current financial year.   “The government will float a tender to auction BSNL and MTNL’s land by the second half of February,” an official said. Typically, … Read more

Nvidia (NASDAQ: NVDA) is the world’s leading supplier of graphics processing units (GPUs) for data centers, which are used in the development of artificial intelligence (AI). Over the last two years alone, GPU sales have helped Nvidia add $3.2 trillion to its valuation. The company just reported results for the fiscal 2025 third quarter (ended … Read more

Global Blue Group Holding reports Q2 results

QI Research CEO and Chief Strategist Danielle DiMartino Booth discusses the impact of government intervention on small businesses.  Small businesses are still struggling as they continue to face a host of economic challenges. Shilpa Sankaran, founder of Wisconsin-based KOSA Ayurvedic Spa, opened up her shop before the pandemic. She’s battled through difficult times. From coronavirus-related … Read more