The idea for Tailgate for Tots was one that sat in the back of Lorin LeBuff and his daughter Jasmine Stein's minds for a long time.
Andi Widjajanto, former cabinet secretary and unofficial adviser to President Joko Widodo, who is known as Jokowi, told Reuters the two leaders would join the summit. "Jokowi told me that Xi and Putin are both planning to attend in Bali," Widjajanto, who heads the National Resilience Institute, told Reuters.
WASHINGTON (Reuters) -General Motors Co and LG Energy Solution are considering a site in Indiana for a fourth U.S. battery cell manufacturing plant, a spokeswoman for the companies' joint venture said on Thursday. Ultium Cells LLC "is developing a competitive business case for a potential large investment that could be located in New Carlisle, Indiana," she said, adding that Ultium had submitted a tax abatement application that it hopes will be approved later this month. Production at Ultium's first U.S battery cell plant in Warren, Ohio is set to begin later this month.
(Reuters) -Deere & Co on Friday revised its full-year profit outlook after missing Wall Street earnings expectations, as the world's largest farm equipment maker grappled with parts and semiconductor shortages stemming from supply chain constraints. "Our results reflected higher costs and production inefficiencies driven by the difficult supply-chain situation," said John May, chief executive of the company which also makes drivetrains and diesel engines. "The supply chain issues may simply be keeping Deere from producing, a trend we have seen all year," Michael Shlisky, managing director at DA Davidson, said in an emailed note.
MEMPHIS, Tenn. (AP) — A federal judge is ordering Starbucks to reinstate seven employees in Memphis who were fired earlier this year after leading an effort to unionize their store. In a decision issued Thursday, U.S. District Judge Sheryl Lipman agreed with the National Labor Relations Board, which had asked the court to intervene in May. The labor board said Starbucks violated U.S. labor law by interfering in workers' right to organize. Lipman’s decision requires Starbucks to offer to reinstat
(Reuters) -Kohl's Corp cut its full-year sales and profit forecasts on Thursday, squeezed by steeper discounts and higher costs amid dwindling demand for clothing and shoes in the face of high inflation, sending its shares down 5%. The U.S. department store chain joined top retailers including Target Corp and Best Buy Co to warn of a profit squeeze, as decades-high inflation has made Americans wary of opening their wallets for apparel and other discretionary goods. The demand slump has left several retailers with bloated inventories, forcing them to offload excess stocks through steep discounts and clearance sales heading into the back-to-school season.
From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major driver of the industry's growth in recent years, but also because high end consumers in the world's second-largest economy are a decade younger than the global average of 38. Young adults around the world have been "a very strong factor of luxury growth over the past decade," said Gregory Boutte, chief client and digital officer at Gucci-owner Kering.
NEW YORK (AP) — A top executive at former President Donald Trump’s family business pleaded guilty Thursday to evading taxes on a free apartment and other perks, striking a deal with prosecutors that could make him a star witness against the company at a trial this fall. Allen Weisselberg, a senior Trump Organization adviser and formerly the company’s longtime chief financial officer, pleaded guilty to all 15 of the charges he faced in the case. In a low, somewhat hoarse voice, Weisselberg admitt
425 million grams of unpackaged dried cannabis destroyed, highlighting industry's issue of producing more than it can sell
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Cohen's RC Ventures was the second largest investor in the company. The venture capital firm said in a regulatory filing that it has no stake as of Aug. 16. After gaining nearly 360% this month, the share price had risen to $30 in the previous session when the rout began after RC Ventures said it aims to sell 9.45 million shares, worth $148.6 million.
BEIJING (Reuters) -China's cyberspace watchdog wants to build an "affectionate" relationship between internet enterprises and the government, a senior official said, the latest verbal assurance to an industry still on edge after a long and bruising regulatory crackdown. Niu Yibing, vice minister of the Cyberspace Administration of China (CAC), told a news conference on Friday the agency was supportive of the sector's healthy development and wanted to create a "healthy, get-to-the-top, can-do entrepreneurial atmosphere". The CAC was among Chinese regulators which in late 2020 launched an unprecedented crackdown on the country's technology giants.
Canadian cleantech company, CleanAir.ai, is pleased to announce that it has won the global CapitaLand Sustainability X Challenge (CSXC) 2022 "High Impact Award" for its novel ALVI CleanAir Safety System®.
Instagram and Facebook suspended Children's Health Defense this week after the anti-vaccine group led by Robert Kennedy Jr. repeatedly violated rules prohibiting misinformation about COVID-19. A nonprofit, Children's Health Defense is one of the most influential anti-vaccine organizations active on social media, where it has spread misleading claims about vaccines and other public health measures designed to control the pandemic. In a statement, Kennedy compared Facebook's actions to government
LONDON (Reuters) -Oil prices were broadly stable on Friday, retracing earlier losses, but were headed for weekly losses as concerns about a global economic slowdown weighed amid soaring inflation rates. Brent crude futures were down 13 cents, or 0.1%, at $96.46 a barrel at 1339 GMT. Both benchmark contracts were headed for weekly losses of around 1.5%.
Here’s one of the best TSX energy stocks investors can buy now and hold forever. The post 1 Top TSX Energy Stock to Buy and Hold Forever appeared first on The Motley Fool Canada.
The number of Americans filing new claims for unemployment benefits fell last week and the prior period's data was revised sharply lower, suggesting labor market conditions remain tight despite a slowdown in momentum due to higher interest rates. The weekly unemployment claims report from the Labor Department on Thursday combined with strong industrial production in July and underlying retail sales growth to allay fears that the economy was in recession. The claims report, the most timely data on the economy's health, could give the Federal Reserve more ammunition to deliver another hefty rate hike next month.
In comments to a Kansas City economic group, George said the pace and ultimate level of future rate hikes remained a matter of debate. "To know where that stopping point is ... we are going to have to be completely convinced that (inflation) number is coming down," she said. George did not state a preference for whether the Fed should approve a third straight 75 basis point rate increase when policymakers meet next month, or a smaller half point increase - the two core options under consideration.
The euro zone inflation outlook has failed to improve since a July rate hike, European Central Bank board member Isabel Schnabel said, suggesting she favours another large interest rate increase next month even as recession risks harden. The central bank for the 19-country bloc surprised investors with a 50-basis-point rate hike last month fearing that inflation, now approaching double digit territory, was at risk of getting entrenched. That move was not enough to alter the inflation outlook, however, and even a recession on its own would not be enough to tame price pressures, said Schnabel, the head of the ECB's market operations.
SANTIAGO (Reuters) -Chile's gross domestic product came in below expectations in the second quarter of 2022, central bank data showed on Thursday, leading economists to forecast a potential recession as pandemic-related stimulus is unwound. The performance highlighted Chile's struggle to grow as the central bank aggressively tightens its monetary policy to tame soaring inflation, which reached a near three-decade high last month. "Chile's economy merely stagnated in Q2 and the chances are high that it will fall into recession over the second half of the year," Capital Economics' Latin America economist Kimberley Sperrfechter said in a note.
SINGAPORE (Reuters) -Cryptocurrencies fell sharply on Friday, with sudden selling dragging bitcoin to a three-week low. Bitcoin fell as much as 7.7% to $21,404 over a few minutes during the European morning, at around 0640 GMT. "It’s not showing the pattern of a flash crash, as the assets didn’t immediately rebound sharply but sank even lower in the hours that followed," said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.
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