Starbucks Workers Are Striking at Dozens of Stores on ‘Red Cup Day’
More than 1,000 workers at 65 stores across the United States joined the labor action, the union representing baristas said. Source link
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Ford CEO warns US of a workforce crisis: “We have 5,000 skilled-mechanic jobs unfilled even with a $120,000 salary.” | Business
Ford Motor Company CEO Jim Farley has issued one of his starkest warnings yet about America’s labour future, revealing that the company is struggling to fill 5,000 skilled-mechanic roles despite offering salaries of around $120,000. Calling it a “serious problem” for the country, Farley said the shortage of trained workers is no longer an industry…
SBI to modernize core infra in two years
State Bank of India, the country’s largest lender, said it aims to complete the modernization of its core banking infrastructure within two years. Speaking at the Singapore FinTech Festival 2025, Ashwini Kumar Tewari, managing director (corporate banking & subsidiaries), said the bank is transforming its legacy systems through what he called a “four-axis strategy” of…
‘Big short’ investor Michael Burry’s big move! Deregisters Scion Asset Management; had recently criticised tech firms like Nvidia
Michael Burry, the renowned “Big Short” investor, has terminated his hedge fund, Scion Asset Management’s registration. According to the Securities and Exchange Commission’s database, Scion’s status changed to “terminated” as of November 10, eliminating the need for regulatory filings, as reported by Reuters.Scion, which controlled $155 million in assets as of March, has been closely…
US stock market: Wall Street in red as investors await key data after government shutdown ends; S&P 500, Nasdaq slip from recent highs
Stock markets in the United States were at a low as investors await further economic indicators. The S&P 500 declined by 0.4% in early Thursday trading, moving away from its recent record high achieved in the previous month. The Dow Jones Industrial Average dropped 41 points, while the Nasdaq composite fell 0.7%. After the longest…
Man Accused of Running Southeast Asia Scam Compound Is Extradited to China
China and the United States say She Zhijiang, a Chinese-born businessman, ran a major scam compound in Myanmar. He was arrested in Bangkok in 2022. Source link
Oil market ‘lopsided’ as output surpasses demand; four million bpd supply surplus likely in 2026: IEA
The global oil market is tilting towards oversupply as production growth continues to outpace consumption despite a rise in Chinese demand, according to the International Energy Agency’s (IEA) latest monthly report released on Thursday. The IEA projected that worldwide oil production will exceed demand by more than four million barrels per day (bpd) in 2026,…
A War on Top Investor Advisers Is Growing
The Trump administration is said to be investigating two top shareholder advisory firms. It’s part of a growing change in how corporate America is run. Source link
Foreign investor holding in equity slips to 15-year low; nearly Rs 2 lakh crore sell-off in 2025: NSE report
Foreign institutional and portfolio investors have significantly reduced their Indian equity holdings, with NSE-listed stocks reaching a 15-year low after a substantial sell-off of nearly Rs 2 lakh crore in 2025, according to NSE data.The September quarter witnessed significant decline in FPI ownership of Nifty 50 and Nifty 500 companies, dropping 43 and 46 basis…
A BlackRock-Backed Roofing Conglomerate Goes Bust
Investment firms are buying and bundling contractors, leaving some workers and customers worse off. Source link