Adidas is outrunning Nike. The company just surpassed Jordan Brand sneakers, which is produced by Nike, in the United States. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer and Dan Roberts discuss how Adidas was able to eclipse its competitor.
U.S. investment company KKR's proposed buyout of Telecom Italia's (TIM) fixed-line access network will be decided by EU antitrust regulators by May 30, according to a European Commission filing on Friday. The former phone monopoly said earlier on Friday that KKR had sought approval from the EU competition enforcer for the proposed deal. The Commission can clear the deal with or without remedies during its preliminary review or it can open a four-month long investigation after the initial scrutiny if it has serious concerns.
Teamsters local unions in three states filed unfair labor practice charges against PepsiCo with the U.S. National Labor Relations Board, the union said on Friday. The charges were filed by five Teamsters local unions in the states of Illinois, Indiana and Iowa over PepsiCo's work rules that prohibit workers from discussing wages, hours, or other terms or conditions of employment, according to the union. PepsiCo did not immediately respond to a request for comment.
Six agencies, including the Federal Deposit Insurance Corp (FDIC) and the Office of the Comptroller of the Currency (OCC), are involved in developing the plan, the report said, adding that the measure could be proposed in the coming days. The Federal Reserve is not involved in drafting the proposal, the report said. Executive pay on Wall Street has long been a hot-button issue, with critics pushing for restrictions and arguing for more stringent clawback provisions.
Alphabet Inc's Google on Friday said it will roll back requirements that U.S. suppliers and staffing firms pay their employees at least $15 an hour and provide health insurance and other benefits, a move that could allow the tech giant to avoid bargaining with unions. The elimination of the 2019 policy, along with other steps such as limiting access by temporary workers and vendors to internal systems, are designed to comply with shifting U.S. and global labor regulations related to contingent workers, a spokesperson for Mountain View, California-based Google told Reuters. "These updates bring us in line with other large companies and simply clarify that Google is not, and has never been, the employer of our suppliers’ employees," the spokesperson said.
With Netflix surging more than 85% in six months, one may expect a pullback under current conditions.
Rapper will play four shows across Britain, including a stop at the Royal Albert Hall
STORY: Tesla is recalling close to 4,000 of its Cybertrucks to fix an accelerator pedal that can get stuck, increasing the risk of a crash. That's according to a safety recall notice on Friday from the U.S. National Highway Traffic Safety Administration.The auto safety regulator said Tesla will replace or repair the accelerator pedal assembly at no charge and owners will be notified through letters mailed to them in June.Tesla started deliveries of its electric pickup truck late last year, after a two-year delay due to production problems and battery-supply constraints.Friday's recall announcement marks the latest setback for the electric car maker.In the first quarter of 2024, Tesla had three recalls affecting about 2.4 million vehicles, according to a report by recall management firm BizzyCar.However, most issues related to Tesla recalls are usually resolved through over-the-air software updates.Shares of Tesla were lower in midday trading Friday, adding to the stock's five-day losing streak.
As tensions in the Middle East escalate, investors are reevaluating their portfolio allocations to offset any geopolitical risks. Brandywine Global Portfolio Manager John McClain joins the discussion to provide insights on navigating this environment while crude oil prices (CL=F, BZ=F) are also slowly ticking up Friday. McClain highlights three key factors that investors should consider from a "macro perspective." Firstly, he sees "a lot of upside potential" for oil prices, driven by a supply-demand dynamic. Secondly, McClain emphasizes the importance of interest rates, calling the US Treasury market "a safe haven," although he cautioned that investors "have to be careful" with their positioning along the yield curve. Lastly, he highlights the "US exceptionalism" in the foreign exchange (FX) market with the US dollar benefiting from being "the only place to go for AI." When it comes to portfolio construction, McClain advises investors to focus on "what industries are driving" the particular region they are invested in. He underscores the crucial role played by central banks and their monetary policies, which can significantly impact portfolio performance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
Five final alternate seats were filled on Friday, teeing up the first-ever criminal trial of an American president
US officials say an Israeli missile struck Iran, but one official in Tehran plays down prospects for further retaliation
A New York state agency on Friday said it had failed to reach final contract agreements with the developers of three major offshore wind projects, blaming a decision by General Electric Vernova to scrap plans for a new turbine. The projects affected include Attentive Energy One, being developed by TotalEnergies, Rise Light & Power and Corio Generation, Community Offshore Wind, backed by RWE and National Grid Ventures, the New York State Energy Research and Development Authority said in a statement. Excelsior Wind, being developed by Vineyard Offshore, is also affected, it said.
Five women and seven men have been tasked with hearing the first-ever criminal case against a US president
Democrats stepped up for the Republican speaker’s foreign aid bills
WAYNE, Pa., April 19, 2024--Inverness Graham ("IGI"), a Philadelphia based buyout firm that acquires innovative companies where technology is transforming traditional industry, is pleased to announce the recent additions of Tonya Zweier as Financial Operating Partner and Jeffrey (Jeff) Silverman as Growth Operating Partner within its Value Creation Group ("VCG"). Tonya and Jeff bring extensive experience working with lower middle market businesses. Building upon the firm’s 60+ year operating her
World’s largest gathering of osteopathic medical educators embraces new principles of Food as MedicineKansas City, MO, April 19, 2024 (GLOBE NEWSWIRE) -- Today, the American Association of Colleges of Osteopathic Medicine (AACOM) convened a special Friday Forum during it’s Educating Leaders 2024 conference to focus on the emerging concept of “Food as Medicine”. “We are witnessing a dynamic shift in the healthcare landscape. As physicians and osteopathic medical educators, it is imperative we rec
Pop star shares message with fans from Instagram as fans celebrate new album release, with many noticing several lyrical references to The 1975’s Matty Healy along with her ex-boyfriend Joe Alwyn
Transaction in Own Shares 19 April, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company’) announces that on 19 April 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paid Lowest price paid Volume weighted average price paid per shareVenueCurrency19/04/2024815,000 £28.5500£28.0150£28.2841LSEGBP19/04/2024- £0.0000£0.0000£0.0000Chi-X (CXE)GBP19/04
If the drones were launched from inside Iran, it is an indication of the extensive scale and scope of Israel’s secret operations in the Islamic Republic
Lancashire Police says it is in the ‘process of reviewing available information in more detail’
Easing concerns over a broad Middle East conflict will likely continue to pressure Treasuries, which have sold off for much of the week on worries that persistent inflation will prevent the Federal Reserve from cutting interest rates this year. A number of Fed officials have said this week that they do not feel urgency to cut rates given the strength of the U.S. economy and labor market. Minneapolis Fed President Neel Kashkari told Fox News Channel late Thursday that he also wants to be "patient," with the first rate cut "potentially" not appropriate until next year.
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