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- Government pledges £120m to support ceramics firms
Rob Flello, boss of Ceramics UK, says the support recognises the importance of the industry. [TheTopNews] Read More.24 mins ago - SpaceX, OpenAI and Anthropic Race to Go Public
SpaceX, OpenAI, and Anthropic, giants of the artificial intelligence sector, are rushing to test investor appetite in the stock markets. [TheTopNews] Read More.32 mins ago - Stellantis unveils $70 billion turnaround plan, targets positive cash flow by 20...
Stellantis CEO Antonio Filosa unveiled a new five-year strategic plan Thursday worth 60 billion euros (US$69.7 billion). [TheTopNews] Read More.58 mins ago - Leftist Seattle mayor admits Starbucks criticism ’caused more harm than go...
Seattle Mayor Katie Wilson is walking back earlier comments urging consumers to boycott Starbucks, as tensions grow over Seattle’s relationship with major employers and the coffee giant expands its footprint outside Washington state.Wilson, a democratic socialist elected last year on a progressive, labor-backed platform, told The New York Times this week that comments she made during a Starbucks worker strike last fall were not productive."Those comments were not productive in the sense that they caused more harm than good," Wilson told the outlet.The remarks marked a notable shift in tone from comments Wilson made shortly after winning Seattle’s mayoral race in November, when she joined Starbucks workers on a picket line outside the company’s former Reserve Roastery on Capitol Hill and urged residents to boycott the hometown coffee chain.MAYOR ZOHRAN MAMDANI SAYS FIRST OF NYC'S FIVE GOVERNMENT-RUN GROCERY STORES WILL OPEN IN THE BRONX NEXT YEAR"I am not buying Starbucks and you should not either," Wilson said at the rally, according to KUOW. She later led protesters in chants supporting striking workers.At the time, several unionized Starbucks workers in Seattle and other cities were striking amid stalled contract negotiations with the company.Wilson’s comments have resurfaced in recent weeks as concerns mount among some business leaders and local officials about Seattle’s economic climate and whether increasingly progressive politics could drive employers and wealthy residents elsewhere.JAMIE DIMON SAYS NEW YORK, OTHER CITIES FACE WORKER ‘EXODUS’ AS LAWMAKERS PUSH HIGHER TAXESThose concerns intensified after Starbucks announced plans to establish a 2,000-employee corporate hub in Nashville, Tennessee, fueling debate over whether the company could gradually shift more operations away from Seattle, where Starbucks was founded in 1971 and still maintains its global headquarters. Tennessee has increasingly attracted corporate expansions from companies seeking lower taxes, lower operating costs and a more business-friendly regulatory environment than many West Coast cities.Seattle City Council member Rob Saka told The New York Times he was "gravely concerned" about the potential implications for the city."This is real," Saka told the outlet.Saka’s concerns mark a notable shift from his tone following Wilson’s election victory, when he praised the mayor’s "energy" and said voters were calling for "change and a renewed focus on affordability."MAMDANI MEETS JAMIE DIMON AS WALL STREET OUTREACH INTENSIFIES AMID TAX BACKLASHFormer Starbucks CEO Howard Schultz also weighed in earlier this month in a Wall Street Journal op-ed criticizing Seattle’s political leadership and warning the city risks alienating businesses… [TheTopNews] Read More.1 hour ago - The Banks That Won a Piece of SpaceX’s Colossal I.P.O.Across Wall Street, bankers have been clamoring to lead what is expected to be the biggest-ever initial public offering. [TheTopNews] Read More.1 hour ago
- Billionaire families bet on semiconductor and energy stocks in first quarter dur...Private investment firms of David Tepper and other billionaires doubled down on chipmakers despite the Iran war pressuring data center economics. [TheTopNews] Read More.1 hour ago
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