A Rising Dollar Is Hurting Other Currencies. Central Banks Are Stepping In.
The New York Times
The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.
Pat Gelsinger stepped down after nearly four years at the helm of the onetime highflying company, Intel said Monday.
Pat Gelsinger stepped down after nearly four years at the helm of the onetime highflying company, Intel said Monday.
New rules prohibit the sale of certain types of chips and equipment to China, in an effort to close loopholes and cement the Biden administration’s legacy in countering the U.S. rival.
The company, facing slumping sales, announced that Carlos Tavares would step down immediately and that a search for a new chief was underway.
Business owners say card transaction fees are a growing monthly expense, one often passed to consumers. They’re cheering efforts to lower them.
Data on spending this week shows consumers are being drawn to discounts. Online Black Friday sales picked up at a faster pace this year than in-store shopping, Mastercard reported.