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13 June 2024

US Federal Reserve Anticipates Modest Interest Rate Cut Amid Easing Inflation Concerns

(Ovichnews USA) - The US Federal Reserve has signaled a tempered approach to monetary policy,...

Latest trends on Business

Nvidia Surpasses Apple to Claim Title of Second Most Valuable Company
6 June 2024Nvidia Surpasses Apple to Claim Title of Second Most Valuable Company

( Ovichnnews USA ) - In a significant market shakeup, American tech firm Nvidia has officially overtaken Apple to secure its position as the world's second most valuable publicly traded company. The AI microchip manufacturer's steady ascent in market value has propelled its shares to surpass the impressive milestone of $3 trillion (£2.34 trillion).

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New Banknotes Featuring King Charles III Introduced into Circulation Across the UK
5 June 2024New Banknotes Featuring King Charles III Introduced into Circulation Across the UK

( Ovichnews USA ) - In a significant development for the British currency system, the Bank of England has unveiled newly minted banknotes adorned with the portrait of King Charles III, signaling a departure from the long-standing presence of Queen Elizabeth II on the nation's currency.

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Standard Chartered Accused of Facilitating Terrorism Funding Through Billions in Transactions, Court Documents Reveal
4 June 2024Standard Chartered Accused of Facilitating Terrorism Funding Through Billions in Transactions, Court Documents Reveal

( Ovichnews USA ) - Shocking revelations have emerged implicating Standard Chartered, a prominent British bank, in facilitating billions of dollars in transactions for funders of terrorist groups, according to court documents filed in a New York court.

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Toyota Headquarters Raided Amid Escalating Safety Testing Scandal in Japanese Automotive Industry
4 June 2024Toyota Headquarters Raided Amid Escalating Safety Testing Scandal in Japanese Automotive Industry

( Ovichnews USA ) - The Japanese automotive landscape was jolted on Tuesday as Japan's transport ministry executed a raid on the headquarters of Toyota, the world's largest carmaker, amid a deepening scandal surrounding faulty safety data disclosures.

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Retailers Brace for Holiday Rush as Shipping Costs Skyrocket Amid Global Trade Disruptions
3 June 2024Retailers Brace for Holiday Rush as Shipping Costs Skyrocket Amid Global Trade Disruptions

( Ovichnews USA ) - European retailers are scrambling to secure their Christmas inventory ahead of schedule as surging shipping costs and disruptions along key trade routes threaten to impact holiday deliveries, industry experts caution.

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Shein Paving the Way for £50bn UK Listing Amidst Controversy and Global Expansion Plans
3 June 2024Shein Paving the Way for £50bn UK Listing Amidst Controversy and Global Expansion Plans

( Ovichnews USA ) - Shein, the fast fashion juggernaut that saw a meteoric rise in popularity during the Covid-19 pandemic, is gearing up to bolster its presence in the UK by considering a momentous move to list its shares on the London Stock Exchange.

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WeWork Resurfaces Post-Bankruptcy with Ambitious Restructuring Plan
31 May 2024WeWork Resurfaces Post-Bankruptcy with Ambitious Restructuring Plan

( Ovichnews UK ) - After enduring a period of financial turmoil, WeWork is poised to make a dramatic comeback as it emerges from bankruptcy, aiming to revitalize its business model with reduced debt and a streamlined office portfolio.

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Legal Battle Erupts Between Wordle and Worldle Over Online Game Similarities
31 May 2024Legal Battle Erupts Between Wordle and Worldle Over Online Game Similarities

( Ovichnews USA ) - A legal dispute has surfaced between the creators of the popular online game Wordle and a geography-themed spinoff called Worldle, with the New York Times, the owner of Wordle, taking legal action against Worldle for alleged brand confusion and capitalization on Wordle's reputation.

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US Billionaire Larry Connor Plans Expedition to Titanic Wreck Riding Submersible
30 May 2024US Billionaire Larry Connor Plans Expedition to Titanic Wreck Riding Submersible

( Ovichnews USA ) - Renowned US real estate magnate and intrepid explorer Larry Connor, alongside Patrick Lahey of Triton Submarines, have unveiled ambitious plans for a submersible journey to explore the legendary Titanic wreckage in the depths of the North Atlantic Ocean.

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Global Botnet Mastermind Arrested in $5.9 Billion Cybercrime Takedown

Global Botnet Mastermind Arrested in $5.9 Billion Cybercrime Takedown

30 May 2024

( Ovichnews USA ) - In a groundbreaking operation, a multinational task force, spearheaded by US law enforcement agencies, has dismantled a colossal malware network responsible for siphoning an eye-watering $5.9 billion and orchestrating a myriad of criminal activities worldwide. ...

Melinda French Gates Pledges $1 Billion for Women's Rights and Gender Equity Initiatives

Melinda French Gates Pledges $1 Billion for Women's Rights and Gender Equity Initiatives

29 May 2024

( Ovichnews USA ) - Billionaire philanthropist Melinda French Gates made a groundbreaking announcement on Tuesday, committing a staggering $1 billion over the next two years to support women's causes and gender equity initiatives worldwide. ...

Former WeWork CEO Adam Neumann Abandons Bid to Repurchase Company, Shifts Focus to New Venture

Former WeWork CEO Adam Neumann Abandons Bid to Repurchase Company, Shifts Focus to New Venture

29 May 2024

( Ovichnews USA ) - Adam Neumann, the ousted co-founder and ex-CEO of WeWork, has announced his decision to cease efforts aimed at acquiring the beleaguered shared-office provider, signaling a definitive pivot towards his burgeoning property firm, Flow. ...

US Billionaire Larry Connor Plans Deep-Sea Expedition to Titanic Wreck in Custom Submersible

US Billionaire Larry Connor Plans Deep-Sea Expedition to Titanic Wreck in Custom Submersible

29 May 2024

( Ovichnews USA ) - Renowned Ohio-based real estate magnate and intrepid adventurer Larry Connor, in collaboration with Patrick Lahey, the co-founder of Triton Submarines, is poised to embark on a groundbreaking submersible voyage to explore the iconic remains of the RMS Titanic in the depths of the North Atlantic Ocean. ...

Samsung Electronics Faces Historic Union Strike Amidst Wage Dispute

Samsung Electronics Faces Historic Union Strike Amidst Wage Dispute

29 May 2024

( Ovichnews USA ) - The long-standing labor harmony at Samsung Electronics was disrupted as the National Samsung Electronics Union, representing thousands of employees, called for the technology giant's first-ever strike since its establishment over five decades ago . ...

David Beckham Strikes Global Ambassador Deal with Chinese Tech Titan AliExpress Ahead of Euros Kick-off

David Beckham Strikes Global Ambassador Deal with Chinese Tech Titan AliExpress Ahead of Euros Kick-off

28 May 2024

( Ovichnews US ) - As the footballing world eagerly anticipates the imminent kickoff of the Euros tournament in Germany next month, global icon David Beckham has inked a landmark agreement to serve as a global ambassador for AliExpress, a prominent online retail platform under the aegis of Chinese technology behemoth Alibaba. ...

Unable to afford a home - "It makes me nauseous."

Unable to afford a home - "It makes me nauseous."

27 May 2024

(ovichnews Us ) - Nathan Wilkins, a 32-year-old insurance adjuster from Utah, is facing challenges in accessing homeownership due to rising rents, housing prices, and mortgage interest rates in the United States....

Elon Musk is against the implementation of American trade barriers on Chinese electric vehicles.

Elon Musk is against the implementation of American trade barriers on Chinese electric vehicles.

24 May 2024

(Ovichnews Us) - Elon Musk is opposing the tariffs imposed by the United States on Chinese electric cars....

People aren't concerned about falling victim to scams.

People aren't concerned about falling victim to scams.

23 May 2024

(Ovichnews Us ) - The article mentions that US authorities are considering taking legal action against Live Nation, the parent company of Ticketmaster, for alleged anti competitive practices...

What led to the failure of Cazoo, the online car retailer?

What led to the failure of Cazoo, the online car retailer?

22 May 2024

(Ovichnews Us) - "What went wrong for online car retailer Cazoo?" explores what happened with the online car retailer company Cazoo. It delves into the factors that contributed to its challenges, such as significant financial losses, difficulties related to car sourcing, and intense competition in the market. ...

The US investigation has revealed that both BMW and Jaguar have been utilizing prohibited Chinese components in their production.

The US investigation has revealed that both BMW and Jaguar have been utilizing prohibited Chinese components in their production.

21 May 2024

(Ovichnews Us ) - The article you are referring to involves an investigation by U.S. authorities into banned parts from China being used by BMW and Jaguar....

Chinese company Nio reveals their competitor to Tesla's Model Y.

Chinese company Nio reveals their competitor to Tesla's Model Y.

16 May 2024

(Ovichnews USA ) - Nio is a Chinese company that focuses on luxury and high-end electric vehicles. The Model Y is Tesla's latest electric SUV, and it has received praise for its performance and advanced technology. It appears that Nio has unveiled a competitor vehicle to rival in the high-end electric vehicle market. ...

US revokes licences for sales of chips to Huawei

US revokes licences for sales of chips to Huawei

8 May 2024

The US government says it has revoked some licences that allowed US chip makers to export certain goods to Chinese technology giant Huawei....

Italian shoemaker Tod's to court US lovers of quiet luxury

Italian shoemaker Tod's to court US lovers of quiet luxury

7 May 2024

An investment firm backed by LVMH is betting demand from wealthy Americans for quiet luxury will ensure its 510 million euro ($545 million) stake in Italian shoemaker Tod's (TOD.MI), opens new tab yields the double-digit returns private equity typically seeks....

UBS shares soar as profit smashes forecasts, share buyback plans affirmed

UBS shares soar as profit smashes forecasts, share buyback plans affirmed

7 May 2024

UBS (UBSG.S), opens new tab on Tuesday reported first-quarter profit that trounced forecasts and said it was sticking with plans for share buybacks over three years despite Swiss government proposals that would hike its capital requirements....

Maersk says Red Sea disruption will cut capacity by 15-20% in second quarter

Maersk says Red Sea disruption will cut capacity by 15-20% in second quarter

6 May 2024

The disruption to container shipping traffic in the Red Sea is increasing and is expected to reduce the industry's capacity between the Far East and Europe by some 15%-20% in the second quarter, shipping group Maersk (MAERSKb.CO), opens new tab said on Monday....

US consumer confidence deteriorates in April

US consumer confidence deteriorates in April

30 April 2024

U.S. consumer confidence deteriorated in April, falling to its lowest level in more than 1-1/2 years amid worries about the labor market and income, a survey showed on Tuesday....

Futures Climb as Megacaps Offer Support, Fed Verdict on Tap

Futures Climb as Megacaps Offer Support, Fed Verdict on Tap

29 April 2024

(Ovichnews USA) - U.S. stock index futures edged higher this day as Tesla and Apple led gains in megacap companies, while investors exercised caution ahead of the Federal Reserve's interest rate decision later in the week. ...

US economic growth slows but inflation grows

US economic growth slows but inflation grows

25 April 2024

The US economy grew by less than forecast in the first three months of this year but inflation gathered pace, which could delay an interest rate cut. ...

Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears

Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears

24 April 2024

Tesla (TSLA.O), opens new tab shares surged about 10% on Wednesday after the electric-car maker eased some worries about slowing growth with a prediction that sales would rise this year and plans to roll out more affordable models in early 2025....

Boeing reports first revenue drop in 7 quarters as deliveries decline

Boeing reports first revenue drop in 7 quarters as deliveries decline

24 April 2024

Boeing (BA.N), opens new tab on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat Wall Street expectations that were lowered after a January mid-air blowout of a cabin door prompted it to slow production of its strongest-selling jets. ...

US core capital goods orders rise moderately in March

US core capital goods orders rise moderately in March

24 April 2024

New orders for key U.S.-manufactured capital goods rose moderately in March and data for the prior month was revised lower, suggesting business spending on equipment was likely sluggish in the first quarter....

Tesla shares edge higher ahead of quarterly results

Tesla shares edge higher ahead of quarterly results

23 April 2024

Shares of Tesla (TSLA.O), opens new tab edged higher on Tuesday ahead of the electric car maker's first-quarter results, with analysts expecting its lowest gross profit margin in more than six years....

PepsiCo's first-quarter results beat as international demand drives growth

PepsiCo's first-quarter results beat as international demand drives growth

23 April 2024

PepsiCo (PEP.O), opens new tab beat Wall Street expectations for first-quarter revenue and profit on Tuesday as demand held steady for the soda and snacks giant's Tropicana juices and Cheetos in its international markets....

Trump poised to clinch $1.3 billion social media company stock award

Trump poised to clinch $1.3 billion social media company stock award

23 April 2024

Donald Trump is set to secure on Tuesday a stock bonus worth $1.3 billion from the company that operates his social media app Truth Social, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares....

How Chinese firms are using Mexico as a backdoor to the US

How Chinese firms are using Mexico as a backdoor to the US

22 April 2024

The reclining armchairs and plush leather sofas coming off the production line at Man Wah Furniture's factory in Monterrey are 100% "Made in Mexico". ...

Tesla cuts prices in major markets as sales fall

Tesla cuts prices in major markets as sales fall

22 April 2024

Tesla has cut its prices again in a number of major markets - including the US, China and Germany - as the electric car giant run by multi-billionaire Elon Musk faces falling sales. ...

Strong US consumer demand lifts P&G annual profit forecast

Strong US consumer demand lifts P&G annual profit forecast

19 April 2024

Procter & Gamble (PG.N), opens new tab raised its annual profit forecast as commodity costs fall and consumers, particularly in the United States and Europe, keep buying its pricy Tide detergent and Dawn dish soap....

GM and Ford count on gas-powered trucks as EV growth slows

GM and Ford count on gas-powered trucks as EV growth slows

19 April 2024

U.S. automakers General Motors (GM.N), opens new tab and Ford (F.N), opens new tab face a challenge in common when they report first-quarter results next week: Explaining to investors where profit growth will come from in the months ahead as EV growth slows....

Netflix slides as move to end sharing user count sparks growth worries

Netflix slides as move to end sharing user count sparks growth worries

19 April 2024

Netflix (NFLX.O), opens new tab shares fell on Friday, as its surprise move to stop sharing subscriber additions and average revenue per member from 2025 sowed doubts in investor minds about growth peaking in some markets for the streaming pioneer....

Blackstone reports 1% rise in first-quarter earnings

Blackstone reports 1% rise in first-quarter earnings

18 April 2024

Blackstone Inc (BX.N), opens new tab, the world's largest private equity firm, said on Thursday that its first-quarter distributable earnings rose 1% year-on-year supported by growth in fee-related earnings that was partly offset by a decline in income from asset divestments....

Tesla tries legal 'Band-Aid' to revive Musk's huge pay deal

Tesla tries legal 'Band-Aid' to revive Musk's huge pay deal

18 April 2024

Tesla (TSLA.O), opens new tab and Elon Musk are seizing upon an obscure provision in corporate law to attempt to restore Musk's $56 billion pay package, in an untested move that could again mire the company in litigation, legal experts said....

Google terminates 28 employees for protest of Israeli cloud contract

Google terminates 28 employees for protest of Israeli cloud contract

18 April 2024

Google said on Thursday it had terminated 28 employees after some staff participated in protests against the company's cloud contract with the Israeli government....

Top US markets regulator probing insider trading guardrails

Top US markets regulator probing insider trading guardrails

17 April 2024

The U.S. Securities and Exchange Commission is scrutinizing whether investment advisers and other firms have strong enough policies to ensure nonpublic information is not misused to gain an illegal edge in trading, a top official told Reuters....