The Employment Situation Summary, technically known as the “nonfarm payroll” report, is released by the US Bureau of Labour Statistics on the first Friday of every month. This economic snapshot gives important details regarding job increases and losses as well as the state of the US labour market as a whole. It may also result … Read more
CEO Jeffrey Mezger has experience in the housing industry. In his 17 years as the homebuilder’s top executive, he has witnessed just about everything, including the 2008 “housing bubble” and subsequent catastrophe. Even with all that time, he has never seen the property market change dramatically as it has since spring 2020. Since the pandemic … Read more
which recently increased its holding in the Adani Group, purchased a 2.58% investment in IDFC First Bank through bulk transactions on Friday. According to market records, the U.S.-based boutique asset management company purchased 171,602,498 shares of the private lender for Rs. 89 each, totaling Rs. 1,527 crore. On the BSE, IDFC First Bank shares closed … Read more
Truth, Donald Trump’s social networking platform, has a complicated contract. Next week, Social Public will take a critical test that might determine whether it becomes the multibillion-dollar business that the former US president once promised would take on “big tech” or whether it merely squanders its money and rots in the ground. According to the … Read more
Inflation is on track to be cut in half by the end of 2023, according to British Finance Minister Jeremy Hunt, who also pledged to concentrate on the aim as he outlined his top priorities in advance of the return to session of parliament after the summer recess. By the end of the year, the … Read more
While U.S. stock markets were mixed on Thursday, Shopify Inc.-led gains in technology stocks following its agreement to assist merchants in integrating with Amazon.com Inc. couldn’t stop a little decline in Canada’s main stock index. According to Brian Madden, chief investment officer at First Avenue Investment Counsel, the markets took some “pretty modest action” on … Read more
Oil prices increased by more than 1% on Friday, breaking a two-week losing trend as supply shortages were anticipated. The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, designed supply cuts to support prices. Saudi Arabia is largely anticipated to extend a voluntary 1 million barrel per day (bpd) … Read more
According to Google DeepMind co-founder Mustafa Suleyman, the U.S. should only permit the sale of Nvidia artificial intelligence (AI) processors to customers who promise to use the technology morally. He made this statement to the Financial Times on Friday. According to Suleyman, the US should impose minimal international standards for the use of AI, and … Read more
On Thursday, the U.S. Federal Trade Commission (FTC) announced that it had reached an agreement to allay antitrust concerns regarding the proposed acquisition of data vendor Black Knight by NYSE owner Intercontinental Exchange. The $11.7 billion merger of the two leading mortgage technology suppliers first alarmed the FTC because it would increase costs, stifle innovation, … Read more
The last of the five questions (see here) is about American politics. I’m aware that some CEO Daily readers would prefer if I completely avoided it. Today, neither political party is a good fit for business. As evidenced by the struggles of Disney, AB Inbev, and Target, the Republican right has declared war on “woke” … Read more
