The Ronald McDonald balloon floats down Central Park West during the Macy's Thanksgiving Day Parade on November 23, 2023, in New York City.Gary Hershorn | Corbis News | Getty ImagesMcDonald's executives painted a rosy portrait of the fast-food giant's strength and ability to achieve long-term goals at its investor day,...
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How activist Palliser Capital may build shareholder value at Korean industrial giant Samsung C&T
Seoul, South Korea ranked in the top three of the fastest growing destination for digital nomads.Prasit Photo | Moment | Getty ImagesCompany: Samsung C&T (028260.KS)Business: Samsung C&T Corp is a Korea-based company engaged in the trading of industrial goods. The company operates its business through a group of segments. These...
EU agrees to landmark AI rules as governments aim to regulate products like ChatGPT
A photo taken on November 23, 2023 shows the logo of the ChatGPT application developed by US artificial intelligence research organization OpenAI on a smartphone screen (left) and the letters AI on a laptop screen in Frankfurt am Main, western Germany.Kirill Kudryavtsev | Afp | Getty ImagesThe European Union on...
The runway is getting clearer, but the U.S. economy still isn’t assured of a soft landing
A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023.Stephanie Keith | Bloomberg | Getty ImagesNovember's solid jobs report did not assure that the economy will come in for a soft landing, but it did help to clear the runway a little more.After all,...
Ferrari’s $400,000 Purosangue is a dream to drive. Just don’t call it an SUV
Don't call the Ferrari Purosangue an SUV.For one, the company doesn't, omitting the moniker from its launch materials and press announcements, dubbing it instead "the first four-door, four-seater Ferrari."Ferrari's mystique is built on racing and rarity. Slapping the famed prancing horse on just another SUV would be contrary to its...