Sections

ideals

Business Essentials for Professionals

Companies

Novo Nordisk Should Weigh U.S. Talent Pool as It Seeks Next Chief Executive

As Novo Nordisk embarks on the search for a successor to outgoing CEO Lars Fruergaard Jorgensen, industry insiders argue the Danish pharmaceutical titan should cast its net across the Atlantic. With the United States accounting for more than half of its revenue—driven largely by the blockbuster...

Severe $400 Million Cyberattack Loss Forces Coinbase to Reevaluate Strategy and Fortify Defenses

Coinbase, one of the world’s largest cryptocurrency exchanges, disclosed that a sophisticated cyberattack could cost the company between \$180 million and \$400 million, igniting concerns over its financial resilience, regulatory posture and customer confidence. In a terse regulatory filing on...

U.S. Aviation Boost as $14.5 Billion Etihad Deal Signals Surge in Boeing Exports and Jobs

The White House on May 15 unveiled a landmark commitment by Etihad Airways to purchase 28 wide‐body Boeing aircraft equipped with General Electric engines, a transaction valued at \$14.5 billion that underscores the deepening commercial aerospace ties between the United States and the United Arab...

Alibaba Revenue Falls Short Amid Consumer Caution, Price Wars and Heavy Investments

Alibaba Group Holding Ltd. reported quarterly revenue of 236.45 billion yuan for the fiscal fourth quarter ended March 31, narrowly missing analysts’ consensus estimate of 237.24 billion yuan. The shortfall—though modest in headline terms—underscored deepening challenges facing China’s largest...

Walmart Signals Price Hikes Ahead Amid Mounting Tariff Pressure and Rising Costs

Walmart, the world’s largest retailer, warned investors this week that its famed “Everyday Low Price” pledge is under increasing strain as a barrage of U.S. tariffs and surging operating expenses force the company to reconsider how long it can shield shoppers from higher costs. Speaking alongside...

Foxconn Downgrades Full-Year Outlook as U.S. Tariff Threat Casts Shadow Over AI Boom

Taiwanese contract electronics giant Foxconn has revised down its full-year financial outlook, citing mounting uncertainty over U.S. tariff policies even as the company basks in surging demand for artificial-intelligence server components. The world’s largest electronics assembler—best known for...

Burberry to Trim One-Fifth of Global Staff as It Battles Overcapacity and Cost Pressures

Burberry has announced plans to cut approximately 1,700 positions—around 20 percent of its global workforce—over the next two years as part of a sweeping effort to rein in costs and sharpen its competitive edge. The decision, which follows an in-depth review of the British luxury house’s...

Samsung Unveils Slimmest Flagship Smartphone in Bold Bid to Outpace Apple

Samsung Electronics on Tuesday pulled the wraps off its slimmest-ever flagship device, the Galaxy S25 Edge, as the South Korean tech giant accelerates its premium smartphone race against archrival Apple. Boasting a wafer-thin 5.8 mm profile and cutting-edge artificial intelligence enhancements, the...

Apple Mulls iPhone Price Hike to Offset Rising Costs and Preserve Margins

Apple Inc. is weighing higher prices for its next-generation iPhone lineup as it looks to shore up profit margins amid escalating costs tied to tariffs, supply-chain challenges and shifting manufacturing footprints. While executives remain sensitive to consumer pushback in an increasingly...

Chegg to Execute 22% Staff Cut as Generative AI Reshapes EdTech Landscape

Chegg Inc., once a high-flying provider of textbook rentals, homework help and online tutoring, announced on Monday it will eliminate approximately 22 percent of its global workforce—roughly 248 positions—in a bid to rein in costs and reposition itself amid a seismic shift toward free generative AI...

Kraft Heinz Demands 60-Day Notice from Coffee Suppliers Ahead of Tariff Hikes

In an effort to shield its coffee division from abrupt cost surges triggered by new U.S. import duties, Kraft Heinz has formally requested that its green-bean suppliers provide at least 60 days’ advance notice before passing on any tariff-related price increases. In an April letter to producers,...

Walmart Leans on India’s Garment Belt to Sidestep Tariffs—But Worker Shortages Threaten the Shift

Faced with soaring U.S. import duties on Chinese, Bangladeshi and Vietnamese apparel, retail giant Walmart has ramped up sourcing from India. Yet as Walmart’s buying teams flood India’s garment hubs with inquiries, manufacturers warn that an acute shortage of skilled labor could blunt India’s...
1 2 3 4 5 » ... 252