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Nearly 4 Million Kia Cars Have Potentially Explosive Air-Bag Parts, Document Shows

May 31, 2023 / no comments

The Korean auto brand disclosed to federal regulators in 2016 the number of vehicles it has made that have inflators from ARC Automotive.

IKEA Looks to Speed Up E-Commerce With Software Acquisition

May 31, 2023 / no comments

The furniture retailer has been generating a higher proportion of its sales online and said it wants to better serve digital shoppers.

A Debt Deal That Doesn’t Deal With Debt

May 31, 2023 / no comments

On the brink of a default, Biden and Republicans hammer out a deal that doesn’t raise taxes or address the biggest sources of spending pressure.

U.S. Job Openings Rose in April, Reversing Three Months of Decline

May 31, 2023 / no comments

Employers reported a seasonally adjusted 10.1 million job openings in April, up from from a revised 9.7 million in March.

China’s Spring Stall Darkens Employment Picture

May 31, 2023 / no comments

The nation’s post-Covid recovery, which handily outperformed economists’ expectations in early 2023, lost momentum this spring.

Twitter Is Now Worth a Third of What Musk Paid For It, Fidelity Says

May 31, 2023 / no comments

Social-media company’s value sinks to around $15 billion; Fidelity cuts its valuation for a third time.

Yeezy Sneakers Go Back on Sale as Adidas Looks to Move Past Controversy

May 31, 2023 / no comments

Adidas released the first batch of more than $1 billion worth of Yeezy-branded sneakers, putting in motion the final steps in the agonized, monthslong dissolution of its once-lucrative collaboration with Kanye West.

Franklin Templeton to Acquire Putnam Investments From Great-West Lifeco

May 31, 2023 / no comments

The deal is set to boost asset manager Franklin’s growth in retirement sector.

Jamie Dimon Says He Never Discussed Epstein’s Accounts. Staley Says He Did.

May 31, 2023 / no comments

Former top JPMorgan Chase executive Jes Staley said in legal documents that he communicated with CEO Jamie Dimon about the bank’s business with convicted sex offender Jeffrey Epstein.

Vaccine Fatigue Can Give Your Portfolio a Booster

May 31, 2023 / no comments

Investors have gotten too bearish on Covid-19 vaccine-makers.

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