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19 March
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Important reshuffling in McDonald's board of directors
This Monday, August 22, McDonald's representatives announced major changes in its board of directors. The most significant shift is associated with a departure of Sheila Penrose, a sustainability lead, who had worked for 15 years for the company. Three new executives were also appointed, with Jennifer Taubert, Anthony Capuano, and Amy Weaver joining the board.
23 August 2022
Nagel stresses the need for further ECB interest rate hikes
Bundesbank President Joachim Nagel claimed that the European Central Bank must keep raising its interest rates. He earlier said that Germany is on the brink of recession if the energy crisis reaches its peak.
23 August 2022
Ford CEO: To make the transition to new technologies faster, it is needed to separate the electric car division
Ford's Lincoln brand is celebrating its 100th anniversary. This big event was introduced at Monterey Car Week. The brand will unveil its Model L100 at the Pebble Beach Concours d'Elegance on Sunday.
22 August 2022
RBNZ ready to lift the cash rate above 4% to combat inflation
The interest rate will peak by mid-2023 as the Reserve Bank of New Zealand (RBNZ) forecasts. There is a high risk of it increasing to 4.25% in the near future.
22 August 2022
This week’s new data, what to focus on – companies’ reports, Jerome Powell’s speech, inflation rates
Grand Teton National Park is about to become a center stage in economic and financial fields this week. Jackson Hole valley is again home to the economic symposium held by the Federal Reserve Bank of Kansas City.
22 August 2022
UnitedHealth and Amazon among suitors to acquire Signify Health
Bloomberg News agency reported that UnitedHealth Group Inc, Amazon.com Inc, CVS Health Corp и Option Care Health Inc are among several applicants for Signify Health, which is currently on sale. UnitedHealth is said to have made the highest bid — more than $30 per share.
22 August 2022
Planned expansion of Intel includes production opening in Italy
Intel continues following a plan of strengthening its positions in Europe, and the next stage of this plan is an intention to open a plant for semiconductor assembling and packaging in Italy.
19 August 2022
Ethereum software update to take place in September
The major software upgrade to the Ethereum blockchain is expected to happen in September. As reported by the developers, it is slated to take place approximately in the middle of the month. The Ethereum upgrade, also known as Merge, has been planned for years.
19 August 2022
Walmart attracts social media influencers for promoting the trademark products
Walmart is planning to launch a platform to promote its own retail system of more than 100,000 third-party sellers. The project is expected to attract media figures with a loyal audience in social networks.
19 August 2022
Cisco earnings are expected to rise with easing supply shortage
Cisco Systems Inc. gave an upbeat sales forecast for the first quarter. The company is basing its predictions on the fact that the COVID restrictions ease in China spell the end for supply chain issues and help the company meet demand for its networking hardware. As a result, shares of Cisco jumped 5 percent in extended trading.
19 August 2022
