Porsche Overtakes Parent Volkswagen as Europe’s Most Valuable Automaker

Porsche Overtakes Parent Volkswagen as Europe’s Most Valuable Automaker

The debut of the 911 maker was a bold move into public markets, which have been largely shut to IPOs for most of the year, with companies shying away from seeking new listings because of the European energy crisis, rising interest rates and record inflation. For Volkswagen, the share sale is raising funds to plow … Read more

US Immigration Rebounds But Remains Far From Plugging Labor Gaps

US Immigration Rebounds But Remains Far From Plugging Labor Gaps

That is up from a low of 226,000 reached in April through June of 2020, and only slightly below the roughly 1 million people who arrived each quarter on average in the four years before the start of the pandemic, Pew said. About 96,000 people entered the country as legal permanent residents from January through … Read more

Pakistan Army Chief Reiterates He Will Retire Ending Speculation

Pakistan Army Chief Reiterates He Will Retire Ending Speculation

Former prime minister Imran Khan, who had a fallout with the army before he was ousted through a no-confidence vote in parliament in April, wanted Bajwa to continue in his current position until the next election to have a chance of picking the next army chief. The army lashed out at Khan for making the … Read more

ECB May Ease Pace of Interest Rate Hikes in 2023, Villeroy Says

ECB May Ease Pace of Interest Rate Hikes in 2023, Villeroy Says

“We should get there without hesitation,” Villeroy said in an interview with Dutch newspaper NRC published on Tuesday. “We could start then a second part of the journey, a more flexible and possibly slower one: I don’t say that rate hikes will stop there, but we will have to comprehensively assess the inflation and economic … Read more

Musk Proposes to Buy Twitter for Original Price of $54.20 a Share

Musk Proposes to Buy Twitter for Original Price of .20 a Share

Musk’s legal team was getting the sense that the case was not going well, as Judge Kathaleen St. J. McCormick sided repeatedly with Twitter in pretrial rulings, according to one person familiar. Even with the late emergence of a Twitter whistleblower who alleged executives weren’t forthcoming on security and bot issues, there were concerns Musk’s … Read more

Gucci, Prada At Goodwill? New Resale Site Will Feature Luxury Brands

Gucci, Prada At Goodwill?  New Resale Site Will Feature Luxury Brands

(Bloomberg) — Goodwill is making its first big push online with GoodwillFinds, a curated marketplace of donated goods that seeks to compete with Poshmark Inc. and RealReal Inc., secondhand sites where resale has become sport to shoppers hunting luxury brands to flip for profit. Launching with more than 100,000 items that typically fill the racks … Read more