Shipping giant Maersk, considered a barometer for global trade, is not seeing signs of a U.S. recession as freight demand remains robust, the company's chief executive said Wednesday."We've seen in the last couple of years, actually, [the shipping container] market remaining surprisingly resilient to all the fear of recessions that...
Year: 2024
India’s ultra-wealthy club is booming โ here’s where the country’s rich are investing
Smiling businessman with laptop and credit card in a restaurant in the eveningPixelfit | E+ | Getty ImagesIndia is expected to see the fastest growth in ultra high net worth individuals globally over the next few years, according to consultancy Knight Frank.Earlier this year, India's financial center, Mumbai, overtook Beijing...
Federal safety hearing over 737 Max blowout puts Boeing, Spirit AeroSystems factories in spotlight
Jennifer Homendy, Chair of the National Transportation Safety Board, speaks during investigative hearing, into the blowout of a left mid exit door plug on a Boeing 737-9 MAX during Alaska Airlines Flight 1282 flight on January 5, 2024, at the National Transportation Safety Board headquarters in Washington D.C. United States...
SunPower files for bankruptcy, plans to sell off assets โ stock drops more than 40%
Workers install solar panels during a SunPower installation on a home in Napa, California, on July 17, 2023.David Paul Morris | Bloomberg | Getty ImagesThe rooftop solar installer SunPower has filed for bankruptcy, after struggling for months in the face of high interest rates and allegations of misconduct in its...
Consumer giants from Starbucks to General Mills have one big sales problem: China
Pictured here is a McDonald's store in Yichang, Hubei province, China, on July 30, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING โ A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market.The Chinese economy โ home to more than four times the...