Can troubled Thames Water avoid collapse?

The amber alert is at Thames Water itself, which is ring-fenced, regulated, £14.7bn in debt and 100%-owned by parent company Kemble. The new boss, Chris Weston, tried to allay fears by saying it had enough in cash and overdraft facilities to keep ticking over till next May, but at some point Thames will need a […]

Elon Musk says Tesla will unveil its robotaxi on Aug. 8; shares pop

Elon Musk, Chief Executive Officer of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023.  Gonzalo Fuentes | Reuters Tesla will reveal its robotaxi product on Aug. 8, CEO Elon Musk said […]

Amazon Swaps Just Walk Out For ‘Smart’ Carts at Fresh Stores

Amazon is phasing out its cashier-less “Just Walk Out” technology from Fresh grocery stores in the U.S. about seven years after it was first announced. The program enabled customers to check in at an Amazon Fresh store with a credit card, mobile app, or Amazon One palm reader, grab directly from the shelves, and “just […]

These stocks oversold amid the sell-off may be due for a bounce

Stocks that have been under pressure this week could be primed for a rebound. The major averages rose on Friday, attempting a comeback from the prior session’s losses and the Dow Jones Industrial Average’s worst day since March 2023. Despite the recovery attempt, all three indexes are tracking for a losing week. Investors grappled with […]

I Hire a New Employee Every Week. Here’s What I’ve Learned

Opinions expressed by Entrepreneur contributors are their own. Hiring is likely not your favorite aspect of running a business. It’s tedious and often frustrating. This is highlighted in a 2023 survey result in 175 organizations where 78% of employers said they face difficulty hiring the best talent. As the CEO of Nurp, I’ve implemented a […]

US jobs boom raises doubts about rate cuts

“The blockbuster 303,000 increase in non-farm payrolls in March supports the Fed’s position that the resilience of the economy means it can take its time with rate cuts, which might now not begin until the second half of this year,” said Paul Ashworth, chief economist at Capital Economics. Source link

5 things to know before the stock market opens Friday, April 5

Here are the most important news items that investors need to start their trading day: 1. Thursday’s tumble All three major averages sank Thursday as a spike in oil prices and fears the Federal Reserve might wait to cut interest rates dented investor sentiment. The Dow Jones Industrial Average dropped 1.35%, its worst session since […]