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Former President Donald Trump’s first criminal trial got underway Monday with opening arguments and the first witness testimony in a Manhattan courtroom. Prosecutors said that shortly before the 2016 election Trump ordered “hush money” payments to a porn star who claimed she had an affair with him years earlier, then tried to cover up the […]

By Heekyong Yang SEOUL (Reuters) – LG Energy Solution said on Wednesday it would launch a new business model of licensing out its battery technologies next month, as infringements of the South Korean company’s patents surge with competition to supply electric vehicle makers. LGES, the world’s second-largest EV battery producer after China’s CATL, will also […]

MILAN (Reuters) – Italian luxury group Ermenegildo Zegna posted on Tuesday a 5.3% drop in first quarter organic revenues – which exclude Tom Ford Fashion – mainly due to the Thom Browne brand’s declining sales. The Italian family-owned group said the 35% fall in Thom Browne’s sales was driven by lower-than-expected revenues in the Greater […]

What happened A Volkswagen auto plant in Chattanooga, Tennessee, voted to join the United Auto Workers union, giving the UAW its first modern toehold in the “right to work” South and its first successful unionization at a foreign-owned automaker in the region. The lopsided 2,628-985 vote followed narrow UAW losses at the factory in 2014 […]

* Corporate results and US PCE inflation the week’s focus * Brent down 0.8%, gold off 2% * FTSE 100 up 1.7%, STOXX 0.5%, S&P 500 futures up 0.6% (Updates at 1200 GMT) By Kevin Buckland and Alun John TOKYO/LONDON, April 22 (Reuters) – World stocks recovered some losses on Monday and gold fell by […]

By Foo Yun Chee BRUSSELS, April 22 (Reuters) – Broadcom’s critics on Monday rejected the U.S. chipmaker’s changes to its cloud licensing practices, saying they do not address their complaints about alleged price hikes, unfair software licensing terms and tying products together. Last week Broadcom Chief Executive Hock Tan in a blogpost announced a raft […]

Tesla has slashed the price of its line-up around the world amid what The Guardian called an “intensifying war” for electric vehicles (EVs). The company announced reduced price tags for the best-selling Model Y, and the older Model X and Model S in the US market on Friday. This was followed by a “swathe of […]

Troubled Thames Water has put forward new plans to boost spending and investment in its network, but warned this could see customer bills surge by 44%. The group, which is battling to survive amid a funding crisis, has proposed increasing spending by £1.1 billion and revealed another potential £1.9 billion investment in its network as […]

(Recasts, adds comments, background) By Stefano Rebaudo April 22 (Reuters) – The euro area benchmark Bund yield hit a new 5-month high on Monday as fears of an escalation in the Middle East conflict receded and investors shifted their focus to inflation risks and the European Central Bank (ECB) monetary policy path. Investors remained cautious […]

TikTok says a potential ban on its app in the US would “trample the free speech” of 170 million Americans. The US House of Representatives voted on Saturday to ban TikTok if the app’s owner does not cut its ties with China. The legislation was part of a US foreign policy package that included aid […]

Some Nvidia employees are considered to be millionaires.SOPA Images An Nvidia engineer spoke to BI about salaries at the chipmaker. The West Coast-based worker has a $250,000 base and gets half that amount again in stock annually. He said the reality was “not as rosy” as it seems, given high taxes and the cost of […]

Osaka Wayne Studios/Getty Images The government’s soaring debt balance poses problems for the US economy. Those include higher inflation, greater market volatility, and a lower quality of life for Americans. Slowing the pace of borrowing is critical for the future, economists told Business Insider. The US is sitting on the biggest pile of public debt […]

This article will discuss the 15 Best Everyday Colognes in 2024. You can skip our detailed analysis of the global perfume industry and key players in the perfume industry and go directly to the 5 Best Everyday Colognes in 2024.  According to the most recent data by Technavio, the size of the US perfume market […]

Earth Day is right around the corner — Monday, April 22 — along with earnings for major recycling service companies like Waste Management (WM) and Republic Services (RSG). What can be learned from these companies as well as how much of an opportunity is there in sustainability? PA Consulting Sustainability & Regenerative Economy Expert Tony […]

By Alexandra Mehl Gold River, BC – This spring Mowachaht/Muchalaht First Nation (MMFN) will be opening the doors of their new hotel, Baymont by Wyndam, previously known as the Gold River Chalet, alongside new tourism information services aiming to bring more visitors to the region. Gold River Chalet closed its doors in April of 2023, […]

Investors are anticipating the bitcoin (BTC-USD) halving event in the near future, as soon as this weekend. The price of bitcoin has retreated from its recent highs and is currently trading above $64,000 as of Friday. During this event, the reward for mining new bitcoin blocks is cut in half, slowing down the rate at […]

By Manya Saini and Jaiveer Shekhawat April 19 (Reuters) – U.S. mid-sized banks’ profits would remain under pressure for most of 2024, Wall Street analysts said, as higher deposit costs and muted loan growth drag their earnings. Regions Financial, Huntington Bancshares and Fifth Third Bancorp joined peers in reporting smaller first-quarter profits on Friday, due […]

NEW YORK (AP) — Credit card giant American Express posted a 34% jump in its first quarter profits on Friday, helped by more customers spending on its namesake cards as well as more customers keeping a balance on the cards. The New York-based company said it earned $2.44 billion in the first three months of […]

Participants Curtis Chatman Farmer; Chairman, CEO & President; Comerica Incorporated James J. Herzog; CFO & Senior EVP; Comerica Incorporated Kelly Gage; Senior VP & Director of IR; Comerica Incorporated Melinda A. Chausse; Senior EVP & Chief Credit Officer; Comerica Incorporated Peter L. Sefzik; Senior EVP & Chief Banking Officer; Comerica Incorporated Bernard Von Gizycki; Research […]

Cocoa prices have doubled as extreme weather has battered supplyGetty Images Cocoa futures topped a new high on Thursday, hitting over $10,770 a ton. Supply stress is behind the price gains, with more to come as Nigeria prepares for flooding. Production is forecast to fall short of demand by 374,000 metric tons this season. Cocoa […]

&quotThe internet is fickle,” Nierman told BI.JOSH EDELSON/Getty Images; Nathan Howard/Getty Images Mark Zuckerberg has overtaken Elon Musk as the world’s third-richest person, with a $175 billion fortune. Zuckerberg has gained $47 billion in wealth this year while Musk has lost $55 billion, according to data from Bloomberg. The shift in wealth has been driven […]

New manager Kate Gittins said her ambition was to return the market to its former success [BBC] Traders have expressed optimism that their town’s markets are improving, after changes to the way they were managed. Shropshire Council took direct control of the indoor and outdoor markets in Market Drayton at the start of the month. […]