Impending ‘nanny tax’ set to affect parents following national insurance adjustments

Impending ‘nanny tax’ set to affect parents following national insurance adjustments

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Parents who employ nannies could see their annual childcare bills jump by more than £1,000 from April under measures announced in this week’s Budget. The chancellor’s key tax-raising policy will see employers’ national insurance contributions … Read more

Starbucks discontinues highly customized drink orders, now offering standard options only

Starbucks discontinues highly customized drink orders, now offering standard options only

After three consecutive quarters of decreasing same-store sales, Starbucks’ new CEO Brian Niccol is implementing some changes, including reducing highly customized drink orders. Both customers and baristas have been complaining for years about the highly customized drinks and the delays they can cause in efficiently fulfilling orders. In an effort to achieve Niccol’s goal of … Read more

AAON Celebrates Manufacturing Month with Educational Tours and Employee Appreciation Events in October

AAON Celebrates Manufacturing Month with Educational Tours and Employee Appreciation Events in October

In celebration of National Manufacturing Month in October, AAON proudly welcomed over 250 students, educators, and business leaders to showcase the high-tech careers, innovation, and opportunities in the manufacturing industry. These experiences aim to foster connections between businesses, inspire local talent, and address the industry’s skills gap and future workforce challenges. By 2030, manufacturers will … Read more

Competing creditor group provides Thames Water with discounted emergency loan

Competing creditor group provides Thames Water with discounted emergency loan

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter. A group of owners of Thames Water’s riskier class B bonds have offered to provide the utility with emergency financing that they say could cost £380mn less over 12 months than a deal the company … Read more

Coinbase’s stock drops by 10% following a shortfall in Q3 earnings projections.

Coinbase’s stock drops by 10% following a shortfall in Q3 earnings projections.

Coinbase’s third-quarter earnings report was below expectations, leading to a nearly 10% drop in the company’s shares. The largest U.S. crypto exchange fell short of both profit and revenue estimates, with revenue coming in at $1.2 billion, $60 million lower than what Wall Street analysts had predicted. Earnings per share also missed the mark, with … Read more

Herbalife Achieves Q3 Guidance with $1.2B in Net Sales, Reports Investing.com

Herbalife Achieves Q3 Guidance with .2B in Net Sales, Reports Investing.com

At this point, I will now turn the call over to Michael Johnson, our Chairman and CEO. Michael, please go ahead. Michael Johnson: Thank you, Erin, and good afternoon, everyone. I am pleased to report that Herbalife had a solid performance in the third quarter of 2024, meeting our net sales guidance of $1.2 billion … Read more

Inflation in the Eurozone reaches 2% in October

Inflation in the Eurozone reaches 2% in October

Eurozone inflation reached 2 per cent in October, in line with the European Central Bank’s target and strengthening the argument for a smaller quarter-point rate cut in December. The annual figure from Eurostat, the EU’s statistics agency, slightly exceeded analysts’ expectations of 1.9 per cent. Last month, the inflation rate was at 1.7 per cent, … Read more

Zelle CEO emphasizes the importance of increased vigilance for elderly users and their families

Zelle CEO emphasizes the importance of increased vigilance for elderly users and their families

As U.S. voters approach one of the most crucial elections in the country’s history, the CEO of the company behind Zelle, a major payment platform that processed $481 million in transactions in the first half of the year, is urging the public to be extra vigilant. “This is the hot topic as we approach early … Read more

Samsung’s HBM advancements lead to Micron’s decline, reports Investing.com.

Samsung’s HBM advancements lead to Micron’s decline, reports Investing.com.

Investing.com — Shares of Micron Technology (NASDAQ: MU) fell by 2.5% on Thursday following an announcement by Samsung Electronics (KS: 005930) regarding advancements in its high-bandwidth memory (HBM) chip supply efforts. The news indicated that Samsung’s progress in key qualification tests could potentially allow the company to compete more effectively in the AI-driven semiconductor market, … Read more

Ofcom imposes £100,000 fine on GB News in landmark financial penalty

Ofcom imposes £100,000 fine on GB News in landmark financial penalty

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ofcom has imposed a £100,000 fine against the struggling British broadcaster GB News for violating the UK broadcasting code with a program featuring former Prime Minister Rishi Sunak. An inquiry by the UK media regulator … Read more