Economy Archives – Page 159 of 189

Sweden’s path to NATO membership cleared after Turkey greenlights bid

NATO Summit Vilnius 2023 logo as seen on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesTurkey’s President Recep Tayyip Erdogan agreed to back Sweden’s bid to join NATO, clearing the latter’s pathway to become a part of the military alliance.”Completing Sweden’s accession to NATO is a historic step that benefits the security of all… […]

Microsoft confirms more job cuts on top of 10,000 layoffs announced in January

Microsoft CEO Satya Nadella arrives at court in San Francisco, June 28, 2023.Philip Pacheco | Bloomberg | Getty ImagesMicrosoft confirmed Monday that it’s eliminating additional jobs, a week after the start of its 2024 fiscal year.The cuts are in addition to the downsizing announced in January that resulted in 10,000 layoffs. The software maker also… […]

Jim Cramer says investors should focus less on how China affects American stocks

CNBC’s Jim Cramer on Monday advised investors to think less about how China affects American stocks.”No matter how disappointing the growth numbers we see out of the Chinese economy — and they are plenty disappointing — people keep wanting to buy American stocks that are seen as having major Chinese exposure,” Cramer said. “American investors… […]

Central banks in Asia could soon diverge from the Fed, Nomura says

A food stall in Gwangjang Market in Seoul as South Korea’s central bank is seen to be among the first in the region to cut its benchmark interest rate.Francois Lochon | Gamma-rapho | Getty ImagesCentral banks in Asia could start cutting rates earlier than the Federal Reserve, economists at Nomura predicted.A dovish pivot from major… […]

Boeing Starliner returning empty as NASA turns to SpaceX to bring astronauts back from ISS

NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing’s Starliner to the International Space Station on NASA Boeing will return its Starliner capsule from the International Space Station without the NASA astronauts that it delivered to orbit in early June, the agency announced on Saturday. With Starliner coming back to […]

The two-day or less shipping Americans have come to expect faces a climate change threat

Trucks travel through a flooded road while exiting from an Amazon delivery station in Carlstadt, New Jersey, U.S., on Tuesday, Oct. 13, 2020. Bloomberg | Bloomberg | Getty Images Customers have come to expect when they order something online, it arrives in two days or less. But with increasing adverse weather events like Houston’s heatwaves […]

33-year-old pays $2,100/month to live with 23 roommates in Brooklyn—take a look inside

In a city as notoriously expensive as New York, it’s common to see people in their late 20s and early 30s living with roommates to help manage the high cost of living. But Ishan Abeysekera has taken that to the next level with his current living situation in Brooklyn: a communal building that he shares […]

This woman made up to $110,000 a year as a nanny for the ultra-rich. Here’s what she learned from the job

Stefanie Kiser Book: “Wanted: Toddler’s Personal Assistant”. Cover design by Jillian Rahn/Sourcebooks. Courtesy: Stefanie Kiser Stephanie Kiser came to New York City in 2014 as a new college graduate, hoping to become a screenwriter. Instead, she spent the next seven years as a nanny for wealthy families. Kiser’s new memoir”Wanted: Toddler’s Personal Assistant: How Nannying […]

2 reasons why Disney’s stock is worth buying despite a theme-park slowdown

Mickey Mouse and Minnie Mouse ballons fly in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images People are increasingly skipping out on trips to Disney’s iconic theme parks, but that’s not holding back the company’s […]

Tesla reported 466,140 deliveries for the second quarter, and production of 479,700 vehicles

Tesla posted its second-quarter vehicle production and delivery report for 2023 on Sunday.Here are the key numbers from the electric vehicle maker: Total deliveries Q2 2023: 466,140Total production Q2 2023: 479,700The numbers beat analysts’ expectations and indicate that deliveries rose 83% year over year for Tesla after Elon Musk’s auto business added manufacturing capacity, and ramped… […]