‘No longer just a payments company’

'No longer just a payments company'

Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Block executives no longer want the firm to be seen as a payments pure play. The San Francisco-based company held its first investor day in five years … Read more

Why Tesla was kicked out of the S&P 500’s ESG index

Why Tesla was kicked out of the S&P 500's ESG index

An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. Justin Sullivan | Getty Images The S&P 500 booted electric vehicle maker Tesla from its ESG Index in an annual rebalancing. Meanwhile, Apple, Microsoft, Amazon and even oil and gas multinational Exxon Mobil were included on the list. The S&P … Read more

EV battery costs set to spike as raw material shortages drags on

EV battery costs set to spike as raw material shortages drags on

Attendees look at the all-electric Ford F-150 Lightning pickup truck at the Washington Auto Show in Washington on Tuesday, January 25, 2022. Bill Clark | CQ-Roll Call, Inc. | Getty Images The cost to produce electric vehicles is primed to surge over the next four years, according to a new report, the result of scarcity … Read more

What Gen Z and millennials want from employers amid Great Resignation

What Gen Z and millennials want from employers amid Great Resignation

Alvarez | digitalvision | Getty Images Gen Z and millennials, like millions of other Americans, are looking for a new way to work. Stressed and burned out, many have walked away from their jobs. Others still plan to do so, according to the Deloitte Global 2022 Gen Z and millennial survey. Some 40% of Gen … Read more

Target (TGT) Q1 2022 earnings

Target (TGT) Q1 2022 earnings

Target on Wednesday reported quarterly earnings that fell far short of Wall Street’s expectations, as the retailer coped with pricey freight costs, higher markdowns and lower-than-expected sales of discretionary items from TVs to bicycles. Shares fell about 22% in premarket trading. Here’s what Target reported for the fiscal first quarter ended April 30, compared with … Read more

Shopee, Garena post strong revenue

Shopee, Garena post strong revenue

Shares of Southeast Asia’s e-commerce and gaming firm Sea Group popped after its first-quarter revenue beat analysts’ expectations on Tuesday. Sea’s US-listed shares rose 14% to close at $80.21 after the of Singapore-based internet firm reported revenue that exceeded analysts’ expectations in the first quarter this year. Here’s how the New York Stock Exchange-listed company … Read more

China signals easing of tech crackdown but don’t expect policy U-turn

China signals easing of tech crackdown but don't expect policy U-turn

China has shown signs of easing its crackdown on the technology sector which has wiped billions of dollars of value from its most prominent companies. But analysts said Beijing’s recent positive rhetoric should not be mistaken for a reversal of policy. “I think the big tech companies will have a grace period for maybe the … Read more

House Democrats to hold hearings, introduce legislation

House Democrats to hold hearings, introduce legislation

House Democrats will hold hearings on the baby formula shortage in the US, and move to pass legislation to increase Food and Drug Administration inspection staff to ensure that imported products are safe for infants to consume. Rep. Rosa DeLauro, chair of the House Appropriations Committee, introduced legislation on Tuesday that would provide the FDA … Read more

Garage-door maker employees get cash reward in takeover as private equity tests ownership model

Garage-door maker employees get cash reward in takeover as private equity tests ownership model

In the otherwise-sleepy town of Arthur, Illinois, this week brought a life-changing surprise for hundreds of workers at locally based garage-door maker, CHI Overhead Doors. CHI’s private equity owner, KKR, is selling the company to steel manufacturer Nucor in a $3 billion deal. The sale marks one of KKR’s largest returns in recent history, generating … Read more

Google opens new ‘Bay View’ campus that’s the ‘epitome of flexibility’

Google opens new 'Bay View' campus that's the 'epitome of flexibility'

Google executives Michelle Kaufmann and Asim Tahir said the company wanted to design high ceilings, plants and natural light to give the illusion of working outdoors. jennifer elias Google this week is opening its newest campus in Mountain View, California and executives say they aim to make it a place where employees in the company’s … Read more