Category: Business

Microsoft Names CEO Satya Nadella as Chairman

Microsoft on Wednesday named Chief Executive Officer Satya Nadella as its new chairman, in place of John Thompson. Nadella, who took over as CEO in 2014 from Steve Ballmer, has been instrumental in scaling up its business including billion-dollar acquisitions like LinkedIn, Nuance Communications, and ZeniMax. The company said Thompson, who took over as chairman…


Ford Says Outlook for 2nd Quarter Is Improving

Ford’s outlook for the second quarter is improving, as the automaker is seeing strong customer reservations for four of its new vehicles. Ford Motor Co. now anticipates its quarterly adjusted earnings before interest and taxes to top its expectations and be significantly better than the year-ago period. Although there’s still uncertainty around semiconductor supply, Ford…


US Weekly Jobless Claims Unexpectedly Rise

WASHINGTON—The number of Americans filing new claims for unemployment benefits increased last week for the first time in more than a month, but layoffs are easing amid a reopening economy and a shortage of people willing to work. Initial claims for state unemployment benefits totaled a seasonally adjusted 412,000 for the week ended June 12,…


Major Australian Banks, US Airlines Hit by Widespread Internet Outages

SYDNEY—Websites of dozens of financial institutions and airlines in Australia and the United States were briefly hit by an internet outage on Thursday, after a second major blackout in little more than a week. The Australian outage, which also affected the country’s central bank, was caused by glitches on the servers of Akamai, an operator…


GM Escalates the Electric Vehicle Arms Race

DETROIT—General Motors on Wednesday boosted its spending on electric and autonomous vehicles, pulled ahead plans for two U.S. battery plants and forecast stronger-than-expected second-quarter profits. The No. 1 U.S. automaker said it will now spend $35 billion through 2025 on electric vehicles, an increase of 75 percent from March 2020 before the COVID-19 pandemic shut…


Neiman Marcus to Spend $500 Million on New Investments Amid Rebound

NEW YORK—Neiman Marcus is hoping to capitalize on rebounding luxury sales by investing more than $500 million over the next three years in refreshing stores, speeding up deliveries and acquiring new technology. The plan, unveiled Tuesday, includes a pact to purchase Stylyze Inc., a tech startup that recommends outfits for customers based on past purchases…


Top 10 Habits of Outstanding Leaders

Article by Travis Bradberry If you want to be a leader that other people follow with absolute conviction, you must first be a pleasant leader. Tyrants and curmudgeons may lead a group of people for a time, but eventually they tire, usually before they stand out. Many times I ask people how they have been the best…


Chinese National in New York Pleads Guilty to COVID-19 Relief Loan Fraud: DOJ

A Chinese national has pleaded guilty after being accused of cheating the federal government and banks to obtain tens of millions of COVID-19 relief loans meant for small businesses. He could be sentenced to up to 32 years in prison, the Justice Department said in a June 15 press release. The 37-year-old New York resident,…


5 Things I Wish I Knew When I Was Starting My Career

Article by Ryan McGrath It’s no secret that with age, comes wisdom (generally speaking). Over the years, I’ve learned a lot about who I am, what I value and what “success” really means. As I reflect on my career, here are five things I wish someone had told me when I was starting out. By adopting these action-oriented strategies, you can create true, long-term success…


What ESG Investing Could Mean for Oil Prices and Inflation

investments in oil and gas companies and their development of new projects are coming under increasing scrutiny due to ESG