Wall Street struggled on Thursday, heading toward a rare three-day losing streak as investors digested stronger-than-expected US economic data and corporate results.The S&P 500 fell 0.7% in early trading, marking a deeper decline than the previous two days, while the Dow Jones Industrial Average was down 107 points, or 0.2%, and the Nasdaq composite slid…
Talks about a potential investment by the iPhone maker raise further questions about the chip giant, which now has close ties to Washington. Source link
The US economy grew at an unexpected 3.8 per cent annualised pace in the second quarter, significantly higher than the previously estimated 3.3 per cent, government data showed Thursday. The revision highlights a strong rebound from a first-quarter contraction of 0.6 per cent and underscores the influence of shifting trade patterns on the country’s economic…
The coffee chain said it would shutter some underperforming U.S. stores and eliminate 900 corporate jobs as part of a plan to build “a better, stronger and more resilient Starbucks.” Source link
Starbucks is laying off around 900 non-retail employees and shutting some stores in the US and Canada as part of a broader turnaround strategy, the company announced on Thursday, AP reported. Employees whose roles are being eliminated will be informed early Friday, while the closures will be rolled out in the coming days.The Seattle-based coffee…
NEW DELHI: The Central Board of Direct Taxes (CBDT) on Thursday extended the deadline for furnishing the audit reports under the Income-tax Act, 1961, for the Financial Year 2024-25 (Assessment Year 2025-26), from the usual date of September 30.“The Central Board of Direct Taxes (CBDT) has decided to extend the specified date for filing various…
A children’s clothing company has become the face of a legal battle over President Trump’s trade policy, after years of struggling with the challenges of domestic manufacturing. Source link
The board of Europe’s largest aerospace company, Airbus, is meeting in Delhi this week for the first time for their annual off-site strategy session.Such sessions are usually held in Europe or in countries with a large Airbus manufacturing base. In 2018, the board met in China, home to its A320 family aircraft assembly line.The meeting…
The concrete bed stopped a commercial flight that lost control during landing. The safety system slows a runaway aircraft by collapsing under its weight. Source link
India’s pharmaceutical and healthcare industry is preparing for a significant wave of fundraising, with companies expected to raise Rs 12,000-13,000 crore through initial public offerings (IPOs) in the next six to nine months.According to ET, around 15 firms are likely to enter the primary market shortly. The Securities and Exchange Board of India (Sebi) has…
