New York — The world economy is being held hostage by the de facto closure of the Strait of Hormuz. Gasoline, jet fuel and diesel prices have skyrocketed. Stock markets have tumbled, and recession odds have climbed. After weeks of trying and failing to reopen the critical waterway off the coast of Iran, President Donald Trump…
ROCHESTER, NY. — Constellation Brands has entered into an agreement to acquire Hopwtr, a non-alcoholic beverage company, for an undisclosed sum. Founded in 2020, Hopwtr markets a line of sparkling water formulated with hops, adaptogens and nootropics. The products are aimed at consumers seeking a calorie-free beer-alternative with functional benefits, according to the company. “My…
The price of Brent crude oil to be delivered in May rose by a record 64% in March as the conflict disrupted energy supplies. Source link
Iran’s Islamic Revolutionary Guard Corps (IRGC) has threatened attacks on a swath of U.S. tech companies with operations in the Middle East, including Nvidia, Apple, Microsoft and Google. The IRGC warned on Tuesday that 18 tech companies would be considered as “legitimate targets” in retaliation for U.S. and Israeli strikes on Iran. “From now on,…
HUNT VALLEY, MD. — McCormick & Co., Inc. has entered into an agreement to acquire much of Unilever PLC’s Food business unit. The combined company is expected to have approximately $20 billion in sales. Under the terms of the agreement, Unilever and its shareholders are expected to receive shares equating to 65% of the fully…
TOKYO (AP) — Business sentiment among major Japanese manufacturers rose to 17 in March from 16, according to the Bank of Japan’s quarterly survey released Wednesday. The improvement in the key so-called diffusion index in the closely watched “tankan” report, recorded for the fourth quarter straight, Source link
February’s hiring rate, at 3.1%, clocked in at the worst pace since the early days of the pandemic and before that since 2011, Labor Department data released Tuesday showed. US hires plunged to 4.8 million last month, down by 387,000 from a year ago, according to the Job Openings and Labor Turnover Survey (JOLTS) from…
OpenAI has completed a deal to raise $122 billion from investors at an $852 billion valuation, marking the company’s largest funding round to date by far and bolstering its costly push for more chips, data centers and talent. Source link
Oracle executives recently said the use of AI tools was allowing smaller engineering teams to do more work. Source link
Check out what’s clicking on FoxBusiness.com. Three women are facing criminal charges after authorities said they refused to pay an extra carry-on bag fee, triggering a confrontation that delayed a Frontier Airlines flight at Miami International Airport. Nafisa Dockery, 30, Dionjana Cochran, 21, and Davana Cochran, 26, were each charged with trespassing after warning and…
