Francesca’s acquires Richer Poorer to expand reach and product categories. TWC – Francesca’s apparel brand acquisition LLC has acquired Richer Poorer, a fashion and lifestyle company based in Los Angeles, for an undisclosed amount. As a wholly-owned subsidiary under Francesca’s apparel brand acquisition LLC, Richer Poorer will help broaden the company’s-company’s channel reach and add […]
Weaker global demand and persistent property weakness challenge China’s post-COVID economic recovery TWC – China’s manufacturing activity unexpectedly contracted in April, as per National Bureau of Statistics data. The official manufacturing purchasing managers’ index (PMI) fell to 49.2, down from 51.9 in March, marking the first contraction since December 2020. This result missed economists’ expectations […]
Banks await news from the US government regarding the fate of San Francisco lender First Republic (FRC) after the deadline to submit bids passed. TWC – Banks including JPMorgan Chase, Bank of America, PNC Financial Services Group, Citizens Financial Group and US Bancorp were invited to bid by the Federal Deposit Insurance Corporation. However, Bank […]
Richard Sharp steps down as chairman of the BBC following revelations of his involvement in facilitating a loan for former UK Prime Minister Boris Johnson. TWC – Richard Sharp, the chairman of the British Broadcasting Corporation (BBC), has resigned following a report that revealed his involvement in facilitating a loan of almost $1 million for […]
Microsoft’s Bet on Cloud Gaming Trips Up Its Acquisition Plans TWC – Microsoft’s $68.7 billion offer to buy Activision Blizzard has hit a roadblock after UK regulators blocked the deal. The acquisition, which would have been one of the biggest in video game history, was aimed at bolstering Microsoft’s Xbox gaming division and adding popular […]
Comedians Vladimir Krasnov and Alexei Stolyarov, also known as Vovan and Lexus, claim credit for the stunt. TWC – The head of the US central bank, Jerome Powell, was pranked by Russian comedians Vladimir Krasnov and Alexei Stolyarov, known as Vovan and Lexus. The duo, who have previously targeted high-profile figures such as Prince Harry […]
JPMorgan’s acquisition of Frank founder Charlie Javice is causing legal troubles and cutting off her funding sources. TWC – Charlie Javice, the founder of Frank, a financial aid site, who sold her company for $175 million, is now running out of money. Javice is fighting multiple lawsuits, one against JPMorgan Chase, the company that acquired […]
Amazon’s Q1 earnings beat expectations, but cautious comments regarding AWS customers’ optimizations resulted in a slowdown in growth and a 2% drop in share prices. TWC – Amazon reported its first-quarter earnings on Thursday that exceeded expectations and initially led to increased shares. However, the slowdown in Amazon Web Services (AWS) cloud unit due to […]
Private Enterprises Take Center Stage in National Worker Pioneer Commendation Conference Beijing hosted the National Worker Pioneer Commendation Conference and celebrated the “May 1” International Labor Day on April 27, 2023. The event recognized individuals and groups for winning the National May 1st Labor Award, National May 1 Labor Medal, and National Worker Pioneer. The […]
Uber Freight Carrier Card now available for Fuel purchases Uber Freight, the shipment marketplace, has launched a fintech tool called the Carrier Card, which can be used to make fuel purchases through the company’s platform. Powered by AtoB, a fleet card management platform, eligible carriers in Uber Freight’s network can now handle their fuel expenses […]