The company missed profit expectations for its first quarter. The oil giant, which is seeking to place more emphasis on gas and oil earnings following a U-turn on its green investments, reported an underlying replacement cost profit of $1.38bn (£1.03bn) for the first three months of the ...
1. One of the main reasons why Shein clothing is so affordable is that the company outsources its apparel manufacturing to domestic or foreign companies where labor and raw materials are generally less expensive. This means that many of Shein's newer products come at very low prices and are ...
Before rising to power in post-Taliban Afghanistan, Hamid Karzai worked as a consultant for UNOCAL Corporation, a California-based petroleum company negotiating with the Taliban during the 1990s to construct the Central Asia Gas Pipeline (CentGas). The proposed pipeline would have run from Turkmenist...
The sudden crackdown is sending shockwaves across Mexican communities and industries like agriculture and construction that employ migrant labor but also including a big reduction in the number of street vendors who see themselves as easy targets for ICE in many US cities: exactly what voters wanted...
Current Expected Credit Losses or "CECL" is an incoming accounting standard that requires financial institutions to make expected credit loss allowances for the lifetime of a loan. Banks say the rule adds volatility to the amount of capital they must hold and creates incentives...
Alibaba is one of those stocks with the AI glow, especially after Apple decided to use the company’s AI in its iPhones in China. Alibaba’s plans to allocate more than $52 billion to AI and its cloud business over the next three years also excites investors. “If it’s the begi...
The retail business is known for having its ups and downs, but not every company can weather the storm of financial instability. In 2024, several national retail chains faced the harsh reality that consumer behavior has changed drastically since the COVID-19 pandemic, as well as the rise of ...