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Sphere Entertainment Promotes Jennifer Koester To President And COO
Live entertainment and media company Sphere Entertainment Co. (SPHR) announced Wednesday that Jennifer Koester's role at the Company has been expanded to President and Chief Operating Officer of Sphere. Koester most recently served as the Company's President, Sphere Business Operations.
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EU To Impose Countervailing Duties Of Up To 38.1% On Chinese BEVs
The European Commission is set to impose countervailing duties of up to 38.1 percent on imports of battery electric vehicles (BEVs) from China. The Commission has provisionally concluded that the BEV value chain in China benefits from unfair subsidization as part of its ongoing investigation.
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Elon Musk Drops Lawsuit Against OpenAI, Sam Altman
Elon Musk, the founder and CEO of Tesla and SpaceX, moved to dismiss his lawsuit against artificial intelligence or AI startup OpenAI and its CEO Sam Altman. According to a filing in San Francisco Superior Court, Musk's attorneys asked the California state court to dismiss the lawsuit against the ChatGPT maker without citing a reason.
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U.S. Consumer Prices Unexpectedly Flat In May, Annual Growth Slows To 3.3%
With a steep drop in gasoline prices partly offsetting a continued increase in shelter prices, the Labor Department released a report on Wednesday showing U.S. consumer prices were unexpectedly flat in the month of May. The Labor Department said its consumer price index came in unchanged in May after rising by 0.3 percent in April. Economists had expected consumer prices to inch up by 0.1 percent.
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Thailand Leaves Policy Rate Steady At 2.50%
Thailand's central bank decided to keep the interest rate unchanged for the fourth straight meeting on Wednesday as the inflation rate returned to the target range, despite the rising pressure from the government to cut rates to support economic growth.
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U.S. Mortgage Applications Show Substantial Rebound
After reporting two consecutive weekly decreases in U.S. mortgage applications, the Mortgage Bankers Association released a report on Wednesday showing a substantial rebound in mortgage applications in the week ended June 7th.
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U.S. Consumer Prices Unexpectedly Unchanged In May
With a steep drop in gasoline prices partly offsetting a continued increase in shelter prices, the Labor Department released a report on Wednesday showing U.S. consumer prices were unexpectedly flat in the month of May.
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more news
Boxlight Board Confirms Dale Strang As CEO
Boxlight Corp. (BOXL), a provider of interactive technology solutions, announced Wednesday that the Board of Directors has unanimously voted to name Dale Strang as Boxlight's Chief Executive Officer. Strang was appointed as Interim Chief Executive Officer in January 2024.
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Fresenius Medical Care Inks Virtual Power Purchase Agreements For Renewable Energy
Fresenius Medical Care (FMS) announced Wednesday it has signed five virtual power purchase agreements (vPPAs) with wind and solar energy project developers in Germany and the U.S. The projects are expected to feed around 580 gigawatt hours of renewable energy into the grid, which equals up to 46 percent of FME's most recently reported global consumption.
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UK Economy Flatlines As Election Looms
The UK economy stagnated in April as services growth was offset by falls in production and construction output, which was largely caused by an unusually wet weather, and dealt a setback to Prime Minister Rishi Sunak ahead of the July 4 general election. Gross domestic product remained flat on month, as expected, after expanding 0.4 percent in March, the Office for National Statistics said Wednesd
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Federal Express To Lay Off Up To 2,000 Employees Amid Workforce Reduction Plan In Europe
Federal Express Corp., a subsidiary of FedEx Corp. (FDX) announced Wednesday a workforce reduction plan in Europe as part of its ongoing measures to reduce structural costs.
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Dollarama Q1 Net Profit, Sales, Comps Rise
Canadian value retailer Dollarama, Inc. (DOL.TO) reported Wednesday that net earnings for the first quarter of fiscal 2025 increased to $215.8 million or $0.77 per share from $179.9 million or $0.63 per share in the prior-year quarter.
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Sensex, Nifty End Modestly Higher Ahead Of Key Economic Data
Indian shares eked out modest gains on Wednesday ahead of industrial output and inflation data, due out later in the day.
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