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Campbell’s fires executive accused of racist remarks and labeling food for ‘poor people’

Campbell’s fires executive accused of racist remarks and labeling food for ‘poor people’

Campbell’s has fired an executive accused of making racist comments and mocking its products and customers, the company announced on Wednesday. The termination follows a lawsuit filed in Michigan by former employee Robert Garza against

Business
Markets may be repeating the mistake of 2019, Goldman Sachs warns

Markets may be repeating the mistake of 2019, Goldman Sachs warns

Investing.com — Markets may be ignoring an important lesson of 2019, according to Goldman Sachs. The Wall Street bank said in a note that the upcoming January Federal Open Market Committee (FOMC) meeting is unlikely

Business
Futures slip as investors eye China’s latest AI push – what’s moving markets

Futures slip as investors eye China’s latest AI push – what’s moving markets

Investing.com – US stock futures dropped on Monday as markets assessed the release of a Chinese firm’s new artificial intelligence model that may rival OpenAI’s ChatGPT, while the dollar rose in response to a tariff spat

Business
European tech shares tumble as China’s AI push spooks investors

European tech shares tumble as China’s AI push spooks investors

(Reuters) – European shares slid on Monday as the technology sector joined the retreat in other markets after China’s upgraded low-cost, low-power artificial intelligence (AI) model sparked worries about the profits of rivals and the

Business
How Italy’s MPS went from near collapse to bid for revered merchant bank

How Italy’s MPS went from near collapse to bid for revered merchant bank

By Valentina Za, Gianluca Semeraro and Mathieu Rosemain MILAN (Reuters) -Monte dei Paschi (MPS) CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early 2022, when Italy’s Treasury picked him out to

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How billionaire Caltagirone could influence Italy’s banking M&A wave

How billionaire Caltagirone could influence Italy’s banking M&A wave

MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is currently under way.  BATTLES IN GENERALI AND MEDIOBANCA Caltagirone last year expanded his

Business
Bargain hunters drive Walmart sales and outlook higher

Bargain hunters drive Walmart sales and outlook higher

Shoppers are still flocking to Walmart. The company raised its full-year earnings and sales outlook Thursday, heading into the crucial holiday shopping season. Walmart also offered fresh signs that it is shedding its original identity

Business
U.S. added 119,000 jobs in September, but there are signs of a weakening labor market

U.S. added 119,000 jobs in September, but there are signs of a weakening labor market

The United States added 119,000 jobs in September, a stronger-than-expected figure and a sign that the economy was adding jobs at a healthy clip before government shutdown. But the details of the report from the

Business
What AI bubble? Nvidia’s strong earnings signal there’s more room to grow

What AI bubble? Nvidia’s strong earnings signal there’s more room to grow

U.S. stock markets were poised for lift off Thursday, after a strong earnings report from computer chip giant Nvidia signaled that there is still plenty of room to run in the artificial intelligence boom that

Business
Bitcoin and other crypto assets sink in flight from risk

Bitcoin and other crypto assets sink in flight from risk

Bitcoin and ether slumped to multi-month lows on Friday, with cryptocurrencies swept up in a broader flight from riskier assets as investors worried about lofty tech valuations and bets on near-term U.S. interest rate cuts