On June 15, 2025, Kering announced that Luca de Meo will become its next CEO, effective mid‑September. This appointment of Luca de Meo – the executive best known for turning around French automaker Renault – comes amid a challenging period for Kering: its stock is down about 70 percent from three years ago, its key…
Hong Kong police have received more than 40 reports of scams on e-commerce platform Carousell in the past week, with fraudsters using phishing links to swindle victims out of HK$4.6 million (US$586,900), including one vendor who lost nearly HK$650,000 while trying to sell throat lozenges. The force said on Wednesday that a woman who sold…
Surprising new data about the labor market for young adults – CBS News Watch CBS News Graduation season is in full swing, with the hope of promising careers ahead. A new report by Tallo, which helps recent graduates navigate their career paths, shows connecting to those dream jobs can be difficult. Tallo CEO Allison Danielsen…
The gap between what Americans earn and how much they need to bring in to achieve a basic standard of living is growing, according to a new report. The analysis, from the Ludwig Institute for Shared Economic Prosperity (LISEP), looks beyond whether people can afford daily necessities like food and shelter to consider whether they…
There’s an old joke in economics that stock markets have predicted nine out of the past five recessions. The point being that predicting a recession solely based on the stock market is difficult. “They can turn around on a dime. They can turn around in a heartbeat,” said James Angel, a finance professor at Georgetown…
Employers across the U.S. added 228,000 jobs in March, pointing to a labor market that remains resilient despite economic headwinds from President Trump’s tariffs and sticky inflation. The numbers Economists expected that employers had hired 130,000 people last month, according to financial data firm FactSet. That compares with a revised 117,000 additions in February, according…
China’s manufacturing activity improved at the fastest pace in four months, according to a private survey, a surprising show of resilience that will be tested as Donald Trump prepares to raise tariffs further on exports into the US. The Caixin manufacturing purchasing managers index rose to 51.2 in March from 50.8 in February, according to…
NOVONIX, a leading battery technology company in Chattanooga, only has to jump through one more hoop to be permitted to build another location in town. The Hamilton County Commission will host the final vote on the matter on Wednesday, March 12. NOVONIX highlighted how the Inflation Reduction Act and the Bipartisan Infrastructure Law have…
Layoffs across the U.S. spiked in February, reaching their highest levels since July 2020, led by widespread firings of government workers ordered by Elon Musk’s Department of Government Efficiency, or DOGE, according to outplacement firm Challenger, Gray & Christmas. Employers cut 172,017 jobs last month, a 245% increase from January and double the number that…