Category: News
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Inside CVS and Walgreens’ downturn: How misguided M&A damaged America’s drugstores
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Last week, CVS Health CEO Karen Lynch was ousted from the role that had made her the most powerful woman in American business for years, at the top of a company with 2023 revenues of $358 billion. The company’s poor financial performance last quarter and weak earnings outlook proved to…
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Nine commercial banks minted Sh110.39bn from government securities
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Kenya’s nine top-tier banks have generated a total of Sh110.39 billion in interest income from their investments in government securities in six months. Disclosures from the lenders’ unaudited financial statements show that the interest income they earned from their investments in government securities increased by 17.87 percent to Sh110. 37…
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Why More British Companies Should Explore Expansion into Southeast Asia
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In a rapidly evolving global market, British companies face increasing pressure to expand beyond the traditional markets of Europe and North America. One of the most promising regions for this expansion is Southeast Asia, a dynamic and rapidly growing part of the world. With increasing urbanization, a thriving middle class,…
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Why More British Companies Should Explore Expansion into Southeast Asia
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In a rapidly evolving global market, British companies face increasing pressure to expand beyond the traditional markets of Europe and North America. One of the most promising regions for this expansion is Southeast Asia, a dynamic and rapidly growing part of the world. With increasing urbanization, a thriving middle class,…
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No end for Boeing labor strike as workers reject latest contract proposal
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Breadcrumb links PMN BMN Business Article writer: Associated Press David Koenig and Manuel Valdes Published on October 24, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content SEATTLE (AP) — Boeing factory workers voted…
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Home sales show signs of slackening
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Is the pace of recovery in the residential real estate market in Israel slowing down? Central Statistics Office figures show a decline in home purchases at the end of the summer, but no firm conclusions can be drawn yet, and developments in the war may have had an impact. In…
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The stock market is flashing a signal that’s previously preceded a 10% slump, Citi says
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Wall Street subway stationGetty Images Investors’ exposure to the S&P 500 is the highest since mid-2023, Citi strategists said. The level of exposure at that time was followed by a 10% decline in the following months, they said. “Positioning risks rise when markets expand like this,” they said. Citi says…
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The stock market is flashing a signal that’s previously preceded a 10% slump, Citi says
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Wall Street subway stationGetty Images Investors’ exposure to the S&P 500 is the highest since mid-2023, Citi strategists said. The level of exposure at that time was followed by a 10% decline in the following months, they said. “Positioning risks rise when markets expand like this,” they said. Citi says…
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Trump is less favored by billionaires than Harris, finds Forbes
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When it comes to the presidential election, what used to look like the Kentucky Derby has turned into a Formula 1-style race. It’s all courtesy of billionaires pouring money on the scales of fairness. But which side do the wealthy prefer? Vice President and Democratic nominee Kamala Harris turned out…
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Japanese lenders, TDB in Sh1.86bn loan deal for Menengai power project
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Two Japanese banks in partnership with the Trade and Development Bank of East and Southern Africa (TDB) have loaned British company Globelec $14.4 million (Sh1.86 billion) to finance the purchase of power generation equipment for the upcoming 35 MW geothermal power plant in Meningai, Nakuru County. . Under the joint…
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Japanese lenders, TDB in Sh1.86bn loan deal for Menengai power project
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Two Japanese banks in partnership with the Trade and Development Bank of East and Southern Africa (TDB) have loaned British company Globelec $14.4 million (Sh1.86 billion) to finance the purchase of power generation equipment for the upcoming 35 MW geothermal power plant in Meningai, Nakuru County. . Under the joint…
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Business development to bottom line: Turning effort into results!
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Let’s say… you’re a business leader who has done your best to empower your team to fly the flag for your company with absolute confidence and clarity about your brand and what it stands for. This means that you have successfully created a culture in which your vision, purpose, and…
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Over half Israelis’ savings flow to S&P 500 in 2024
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Until three years ago, the S&P 500 Index, which comprises the largest companies in the US, was the province of expert investors in Israel. Barely 1% of the total amount of money invested for the long term was channeled to the US index, NIS 6 billion in total. A great…
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Over half Israelis’ savings flow to S&P 500 in 2024
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Until three years ago, the S&P 500 Index, which comprises the largest companies in the US, was the province of expert investors in Israel. Barely 1% of the total amount of money invested for the long term was channeled to the US index, NIS 6 billion in total. A great…
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Tech Stocks Up in Late Trading as Tesla Surges 8%: Markets Wrap
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(Bloomberg) — Big Tech companies rose in recent hours as Tesla Inc. “Magnificent Seven” earnings season with better than expected results. Treasury yields rose on bets that the Federal Reserve will take a more measured approach to interest rate cuts. Most read from Bloomberg After the stock market sell-off, Wall…
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Poor sleep in early middle age tied to faster brain aging, new study says
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You know the horrors a sleepless night can bring. Haunting you the next day: fatigue, headache, irritability, and inability to concentrate, to name a few. Although sleep deprivation affects us all at times, a new study suggests that substandard eye sleep is linked to accelerated brain aging. While poor sleep…
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Poor sleep in early middle age tied to faster brain aging, new study says
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You know the horrors a sleepless night can bring. Haunting you the next day: fatigue, headache, irritability, and inability to concentrate, to name a few. Although sleep deprivation affects us all at times, a new study suggests that substandard eye sleep is linked to accelerated brain aging. While poor sleep…
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High political volume bad for economy: let’s tone it down
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In recent times, Kenyans have been glued to newspapers, social media, television and radio. Everyone is frantically trying to catch up with the latest development in the Vice President’s impeachment case. After Parliament’s approval, the matter went to court. This swing has distracted attention and raised political temperatures. It is…
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High political volume bad for economy: let’s tone it down
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In recent times, Kenyans have been glued to newspapers, social media, television and radio. Everyone is frantically trying to catch up with the latest development in the Vice President’s impeachment case. After Parliament’s approval, the matter went to court. This swing has distracted attention and raised political temperatures. It is…
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Britain’s biggest Rolex seller urged to move primary listing to US
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Watches of Switzerland, Britain’s biggest Rolex seller, is under pressure from activist investor Gatemore to abandon its main stock market listing in London and explore options in the United States. Gatemore, which recently acquired 1.9 million shares in the London-listed company, claims Watches of Switzerland’s share price has “significantly decoupled”…