Category: Business

[ad_1] UK consumer sentiment hit by budget gloom UK consumer confidence has been hit by fears over the budget, and the government’s gloomy warnings, a new survey has found. The British Retail Consortium has reported that households’ assessment of the general economic situation over the next three months has slumped this month. People are also…

[ad_1] High-profile friendships are always somewhat of a novelty—especially when they intersect business and politics. Take the cozy relationship between Laurene Powell Jobs and Vice President Kamala Harris, for example.  Powell Jobs, the widow of Apple co-founder and former CEO Steve Jobs, has been friends with the Democratic presidential nominee for years. In fact, these…

[ad_1] The world’s richest person, Elon Musk, has not been invited to the UK government’s International Investment Summit in response to his social media posts during last month’s riots, the BBC understands. Violence spread across the UK after a stabbing attack in Southport, in which three children attending a dance class were killed. The tech…

[ad_1] The way we shop has changed beyond recognition over the past five decades, from the rise of online shopping to the death of department stores, not to mention spending booms and busts and a pandemic. All of which makes Primark’s half century on the British high street, reached on Thursday, an impressive milestone. With…

[ad_1] Mira Murati announced on Wednesday that she is leaving OpenAI, where she served as chief technology officer and interim CEO after Sam Altman was briefly ousted in November. Her departure immediately set off shockwaves across the tech sector. Bloomberg reported that employees used a “WTF” emoji in Slack in response to the news. There’s…

[ad_1] Sept. 25 (UPI) — As Hurricane Helene moved northward into the Gulf of Mexico on Wednesday, forecasters warned that the storm should strengthen to a Category 4 behemoth before making landfall late Thursday in Florida’s Big Bend region. Such a powerful storm likely will bring widespread destruction with a high storm surge, powerful winds…

[ad_1] Universal basic income is a growing part of America’s policy conversations, as lawmakers and economists look for ways to reduce poverty. Popular among many Silicon Valley tech leaders and economic policy experts, the model offers participants recurring cash payments, no strings attached. They can spend the money however they choose. Basic income has been…

[ad_1] Walt Disney Co. is laying off workers at the corporate level as part of a continuing effort to improve the profitability of the business. “As part of this ongoing optimization work, we have been reviewing the cost structure for our corporate-level functions and have determined there are ways for them to operate more efficiently,”…

[ad_1] UPS announced Wednesday that it intends to hire over 125,000 employees to handle deliveries this holiday season. The package delivery giant said in a post on its website that nearly 75% of its seasonal jobs do not require an interview and “applicants can get a job offer in just 10 minutes.” The company said it…

[ad_1] One week before Federal Reserve officials gathered in Washington this month, they were split over how fast to lower interest rates. The economy wasn’t flashing the kind of obvious warning signs that would typically prompt an aggressive response from the US central bank. But a notably weak run of jobs data, including the August…