Finance

Inter IKEA switches CEOs as it focuses on cash-strapped consumers

Inter IKEA switches CEOs as it focuses on cash-strapped consumers

By Greta Rosen Fondahn and Helen Reid MALMO, Sweden (Reuters) -Inter IKEA Group CEO Jon Abrahamsson Ring will step down at the end of the year, the owner of the world’s biggest furniture bra...

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Nestle CEO wants company to move fast and open to fresh ideas

Nestle CEO wants company to move fast and open to fresh ideas

ZURICH (Reuters) -Nestle Chief Executive Philipp Navratil wants the Swiss food company to move fast and be open to fresh ideas, he said on Thursday, in his first comments since taking charge earl...

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The Federal Reserve cut interest rates. What happens next?

The Federal Reserve cut interest rates. What happens next?

After a lengthy pause, the Federal Reserve on Sept. 17 announced a quarter percentage point cut to its benchmark interest rate. Economists say it is likely the first in a series of reductions that...

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The Great Wealth Transfer’s begun. Are heirs-to-be ready to receive it? How to prepare

The Great Wealth Transfer’s begun. Are heirs-to-be ready to receive it? How to prepare

With great wealth comes great responsibility. Baby boomers are set to give a staggering $124 trillion through 2048 to heirs, according to market researcher Cerulli Advisors in a 2024 report. But ...

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Nuclear power could be a $10 trillion industry that ‘holds the answer to the world’s power shortages’

Nuclear power could be a $10 trillion industry that ‘holds the answer to the world’s power shortages’

Nuclear energy represents a $10 trillion potential market opportunity that could hold “the answer to the world’s power shortages,” according to a new report from Bank of America...

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South Korea’s HD Hyundai Heavy in talks to buy US shipyard

South Korea’s HD Hyundai Heavy in talks to buy US shipyard

By Heejin Kim ULSAN, South Korea (Reuters) -South Korea’s HD Hyundai Heavy Industries is in talks with multiple companies about buying a U.S. shipyard, a senior company executive said, seek...

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