In a tiny town surrounded by miles of rippling wheat fields, Brady Peterson’s restaurant sits nearly empty during what should be a Saturday lunch rush. Normally, Pete’s would be filled with farmers ordering fried chicken and cheeseburgers, but as farm income thins, so does Peterson’s business.
Amazon Labor Union members have voted to affiliate with the International Brotherhood of Teamsters, according to a joint statement on Tuesday, the latest sign that unionization efforts were picking up at the e-commerce giant.
China’s richest people are avoiding flaunting their wealth in favour of more discreet fashion, according to a report published on Tuesday by Bain consultancy that predicted the weakest global luxury market since the height of the pandemic.
Nasdaq futures hovered around record highs on Tuesday, boosted by chip stocks, while those tracking the S&P 500 and the Dow were subdued ahead of retail sales data and commentary from a slew of Federal Reserve officials.
German skin care company Beiersdorf said on Tuesday the luxury skin care market in China has continued to “decline strongly” during the second quarter, but the group has managed to gain more market share with its La Prairie brand.
Amazon.com’s pharmacy unit said on Tuesday it is expanding eligibility for its monthly subscription service, which covers a range of generic drugs, to those enrolled in government-backed Medicare insurance plans.
Boeing CEO Dave Calhoun will face tough questions from U.S. senators on Tuesday over the planemaker’s safety culture as well claims from a new whistleblower employee.
Earlier this year a hedge fund structured two trades worth $642 million, the kinds of which have not been seen since the 2008 crisis. It sold insurance to two U.S. lenders against losses on a loan portfolio, and then sold much of that risk to investors.
Japan’s Hitachi is considering selling its 40% stake in an air-conditioning joint venture with Johnson Controls International Plc , Bloomberg News reported on Tuesday, citing people familiar with the matter.
