Category: Business

[ad_1] “We need a full-time fully experienced retail executive to come in,” said Stuart Rose, the chair of Asda, a month ago as he confessed to being “embarrassed” about the supermarket chain’s loss of market share. Now he has found someone who fits the bill temporarily: one Lord Rose of Monewden. He will “assume” day-to-day…

[ad_1] The US Securities and Exchange Commission has approved rules that will allow thousands of stocks and ETFs traded on exchanges to be quoted in half-penny increments. The agency’s move Wednesday, which came with a unanimous vote from the five commissioners, might help trading venues such as the New York Stock Exchange and Nasdaq Inc.,…

[ad_1] Computer memory has been a lucrative business for decades, and Micron Technology (NASDAQ: MU) was always an important supplier of those crucial chips. The company was formed in 1978, made its first memory chip in 1981, and entered the public stock market in 1984. Micron soared over the next 20 years. It developed many…

[ad_1] When Apple launched the iPhone XR, no one had heard of COVID-19 and most of us only wore masks at Halloween. That iPhone model came out in September 2018, a whole 6 years ago. And on Monday, Apple committed to supporting this device for another year, so it will work for at least 7…

[ad_1] The White Stripes sued former President Donald Trump on Monday in a case that alleges he used their hit song “Seven Nation Army” without permission in a video posted to social media. The band has accused Trump and his presidential campaign of copyright infringement for playing the song’s iconic opening riff over a video…

[ad_1] Spencer Platt/Getty Images The US economy is not facing a recession, says Apollo chief economist Torsten Sløk. Sløk cites strong employment data, wage growth, and consumer spending as key indicators. Corporate profits are at record highs, and GDP growth is projected at 2.1% for Q3, suggesting continued growth ahead. The US economy is cruising…

[ad_1] The pressing risk of the national debt becoming unsustainable will force Britain into the unenviable choice of paying higher taxes or the state doing less, a House of Lords committee has warned. A report by peers said tough decisions and a new set of rules for the public finances were needed in order to…

[ad_1] Jack White doesn’t want to leave it alone regarding former President Donald Trump‘s use of one of his most famous songs. On Monday, White and Meg White, the duo behind The White Stripes, sued Trump, his campaign, and one of his top campaign officials for using “Seven Nation Army” in a short video posted…

[ad_1] Keir Starmer will warn public sector unions on Tuesday that future pay deals will be constrained by the “tough choices” necessary to protect economic stability. Soon after coming to power, Rachel Reeves signed off plans for above-inflation pay increases in the NHS and for teachers; and the transport secretary, Louise Haigh, settled a long-running…

[ad_1] US consumer borrowing increased in July by the most since November 2022, reflecting jumps in non-revolving debt and credit-card balances. Total credit outstanding increased $25.5 billion, according to Federal Reserve data released Monday. The gain exceeded all forecasts in a Bloomberg survey of economists. The figures aren’t adjusted for inflation. Revolving debt outstanding, which…