Amid surging summer heat, the earth reached a new hottest day on record on July 22. That day, the global average temperature was almost 63 degrees Fahrenheit, and was surrounded by similar high temperature days. Across the U.S. this summer, many areas have experienced unrelenting heat waves. As a result, many Americans face a…
Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of analysts by LSEG: The…
DETROIT — Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as the company attempts to reduce costs and boost profits. In an email to employees Tuesday morning, the company said it would offer a voluntary separation program to non-union U.S. employees at the vice…
Boeing has named Robert “Kelly” Ortberg to replace CEO Dave Calhoun, picking a longtime aerospace veteran from outside the company as the manufacturer struggles to regain its footing from its safety and manufacturing crises. He will start Aug. 8. Ortberg, 64, previously led major aerospace supplier Rockwell Collins, which later became Collins Aerospace,…
While the best state to retire in the U.S. is also one of the smallest in the country, the worst state to retire is the largest. Alaska ranks as the worst state in the U.S. to retire for the third year in a row, according to Bankrate’s study of the best states to retire in…
Private job growth slowed further in July while the pace of wage gains hit a three-year low, payrolls processing firm ADP reported Wednesday. Companies added just 122,000 jobs on the month, the slowest pace since January and below the upwardly revised 155,000 in June. Economists surveyed by Dow Jones had…
Boeing has named Robert “Kelly” Ortberg to replace CEO Dave Calhoun, picking a longtime aerospace veteran from outside the company as the manufacturer struggles to regain its footing from its safety and manufacturing crises. He will start Aug. 8. Ortberg, 64, previously led major aerospace supplier Rockwell Collins, which later became Collins Aerospace,…
Israel says it has launched a strike in Beirut, Lebanon, targeting a Hezbollah commander that it blamed for a deadly attack in the Israeli-occupied Golan Heights. At least one person was killed and several others injured in the strike, according to Lebanese state news agency NNA. The injured, including some…
Nollywood, Nigeria’s vibrant film industry, is setting its sights on achieving global recognition akin to the meteoric rise of Afrobeats. As the third-largest film industry in the world by number of films produced annually, Nollywood has long been a significant cultural force within Africa. The industry’s roots date back to…
Two men kiss on a Parisian bridge. The camera later jumps to a trio embracing passionately in a room, before the door shuts. These are among the images that France, the organizer of the Paris 2024 Olympics, presented to the world during the opening ceremony last week. In China, the…