Business News
Ford Motor Co. will look to eliminate another 4,000 positions in Europe, further retrenching within a region where the transition to electric vehicles is losing traction industrywide. The reductions — which amount to about 14% of Ford Europe’s workforce — will primarily hit operations in Germany and the UK by the end of 2027, pending … Read more
The Indian government is currently reviewing a request to impose a temporary tax on steel imports from China, according to JSW Group Chairman Sajjan Jindal. He mentioned that the regulatory approval for the initial public offering (IPO) of JSW’s cement business could be obtained by the end of January. Speaking at an industry event in … Read more
Target’s (TGT) price cuts and early holiday promotions aren’t delivering the expected results. Target stock plummeted by more than 16% in pre-market trading on Wednesday after it reported disappointing third-quarter earnings. Despite slashing prices on thousands of items and seeing a slight uptick in customer traffic, inflation-weary shoppers are holding back on purchases. The weak … Read more
Check out what’s clicking on FoxBusiness.com. Blackstone is poised to become the majority owner of Jersey Mike’s through an acquisition that the investment firm announced on Tuesday. The investment firm, run by CEO Stephen Schwarzman, will hold a majority ownership stake in Jersey Mike’s through its “most recent flagship private equity vehicle and other funds … Read more
AUSTIN, Texas – Genprex , Inc. (NASDAQ: NASDAQ:), a clinical-stage gene therapy company, has obtained an exclusive license from the University of Michigan for a patented gene therapy technology. The license pertains to the combination of Genprex’s lead drug candidate, Reqorsa® Gene Therapy, with ALK-inhibitors for the potential treatment of ALK-positive lung cancer. The agreement … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Did any country have a cushier place in the world than Britain a decade ago? In 2014, the UK was in the EU but not in the more problematic euro or Schengen borderless zone. It … Read more
Running a business has nothing to do with athletic ability, but the connection between a competitive sports mentality and entrepreneurial success is undeniable. They both take high levels of commitment, ambition, determination, grit, and discipline. And they require collaboration, communication, and adaptability when things don’t go as planned. I’ve had the rare experience of navigating … Read more
In a significant cultural acknowledgement, the Cambridge Dictionary has selected “manifest” as its Word of the Year for 2024. The term, which has gained popularity through endorsements from celebrities like Dua Lipa, refers to the practice of employing techniques such as visualization and affirmation to envision and achieve personal goals. In a statement released Wednesday, … Read more
Nvidia (NVDA) will report its third quarter earnings after the bell today, giving Wall Street its best and latest look into the strength of the artificial intelligence trade. The world’s largest publicly traded company by market cap, Nvidia’s stock price has continued to rocket higher throughout 2024, thanks to the explosive growth in AI across … Read more
