The Senate’s Health, Education, Labor and Pensions (HELP) Committee has released the preliminary results of a yearlong investigation into Amazon’s warehouse working conditions, specifically focusing on the impact of Prime Day. According to the interim report, Prime Day is identified as a major cause of worker injuries at Amazon. The internal data provided by Amazon
The comments of International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas suggest that cooling inflation data is giving the Federal Reserve the flexibility to start considering a move towards easing rates. Gourinchas highlighted that the solid state of the U.S. labor market means that there is no urgent need for immediate action, allowing the Fed
The recent collaboration between Imax and Muvi Cinemas in Saudi Arabia marks the opening of four new Imax With Laser locations in the country. These high-tech theaters are set to be established in key commercial centers, with two in Riyadh, one in Jeddah’s Mall of Arabia, and the first Imax system in Dhahran. While three
Morgan Stanley recently reported their second-quarter results, which surpassed analysts’ estimates in both profit and revenue. The bank reported earnings of $1.82 per share, exceeding the estimated $1.65 per share. Additionally, their revenue stood at $15.02 billion, beating the $14.3 billion estimate. This positive outcome was primarily driven by stronger-than-expected trading and investment banking results.
Gold prices surged to a record high on Tuesday, with gold futures climbing 1.5% to $2,465.30. This new high surpassed the previous peak of $2,454.20 that was reached back in May. During the trading session, the futures even reached as high as $2,467.30 per ounce. Similarly, spot gold hit an all-time high of $2,465.19, based
Most Asian stocks rose on Tuesday, following the gains on Wall Street amidst increasing expectations of a September interest rate cut. The positive cues from a strong finish on Wall Street were further boosted by dovish-leaning comments from Federal Reserve Chair Jerome Powell regarding easing inflation. This led to regional markets tracking these gains and
Apple recently dropped a sneak peek of their upcoming iOS 18 update, giving users and developers a chance to test out the new features before its official release. The beta version of the software comes packed with enhancements that are set to revolutionize the iPhone experience. One of the most anticipated additions to iOS 18
In a showcase of excellence and achievement in the motion picture industry, Greta Gerwig has been named the recipient of the 2024 Pioneer of the Year Award. This prestigious honor, bestowed by the Will Rogers Motion Picture Pioneers Foundation, recognizes individuals who have demonstrated outstanding leadership, service to the community, and a strong commitment to
The health care insurer industry saw a positive trend in midday trading, with companies like Humana and UnitedHealth Group experiencing a 1% increase in their stock prices. The reason behind this boost was the growing belief in a potential Donald Trump victory in the upcoming presidential election. The possibility of fewer cost pressures under a
Macy’s announced on Monday that its board had unanimously decided to terminate negotiations with an activist group interested in acquiring the retailer for approximately $6.9 billion. The board stated that the activist group’s proposal lacked certainty of financing and did not offer compelling value, making it impossible to proceed with the deal. Arkhouse and Brigade