Zurich to legalize consumption and sale of cannabis on trial basis 23. March 2023 Finance (0) Switzerland has approved plans to legalize the sale and consumption of cannabis in Zurich in a trial designed to assess the economic and social benefits of regulating the drug.
Will the banking crisis cause a recession? It may depend on the 'wealth effect,' economist says 23. March 2023 Finance (0) Consumer confidence is declining amid renewed recession fears, higher interest rates and persistent inflation.
Ford's EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units 23. March 2023 Finance (0) The financials are the first detailed look at EV profitability as Ford unveils a new financial reporting structure.
TikTok's ad business is growing around live sports as platform faces possible U.S. ban 23. March 2023 Finance (0) Brands like State Farm and T-Mobile are putting a bigger emphasis on advertising on TikTok.
Ukraine wants to win China over as Russia's invasion continues. Some say it shouldn't bother trying 23. March 2023 Finance (0) Analysts say Kyiv could be wasting its time looking to Beijing for support as Russia's invasion continues into a second year.
Olive Garden parent raises revenue outlook as same-store sales jump 23. March 2023 Finance (0) Darden's same-store sales grew 11.7% across all of its brands, which include chains like Olive Garden, LongHorn Steakhouse and The Capital Grille.
Starbucks CEO says he'll work a shift at the company's cafes once a month 23. March 2023 Finance (0) New Starbucks CEO Laxman Narasimhan plans to work a shift once a month at the company's cafes.
Block shares plunge 19% after short-seller Hindenburg says Jack Dorsey’s company facilitates fraud 23. March 2023 Finance, Technology (0) Block shares plunged after noted short-seller Hindenburg Research said the company's flagship Cash App facilitates crime and lacks strong compliance controls.
Bank of England hikes interest rates by 25 basis points after inflation surprises 23. March 2023 Finance (0) The Bank of England on Thursday hiked interest rates to their highest level since 2008 as it grapples with persistent high inflation.
'There was nothing wrong with the bank': Why some Silicon Valley CEOs don't blame SVB for its crash 23. March 2023 Finance (0) Many observers blame Silicon Valley Bank for its collapse earlier this month. Some startup CEOs who used the bank — and suffered during its crash — disagree.