The New Zealand sharemarket had a late turnaround on a burst of trading as it moved back into positive territory – but investors have largely headed for the sideline awaiting new developments. The S&P/NZX 50 Index closed 42.95 points or 0.33 per cent ahead to 12,881.31, recovering from a low of 12,757.45. Across the Tasman, the S&P/ASX 200 Index has […]

Merchandise with phrases like “Battle for Capitol Hill Veteran” could still be purchased on major e-commerce sites, a sign of how the platforms have struggled to remove the goods. By Sapna Maheshwari and Taylor Lorenz The day after the violent attack on the Capitol, Shopify declared that it had removed e-commerce sites affiliated with President Trump, including his official campaign […]

Few single issues impact the New Zealand economy like the future of the Tiwai Point aluminium smelter. When Rio Tinto announced it was conducting a strategic review of the smelter in late 2019, billions were wiped off the value of the NZX, more than 1000 people feared for the jobs and Treasury warned that investment in renewable energy could be […]

Walmart’s newly announced venture with Ribbit Capital highlights another dimension to the big-box retailer’s growth as it competes with Amazon. Walmart, which has steadily invested in its digital platform by investing in other online retailers and mobile payments technology, and by expanding customer services, is now building a fintech start-up with investment firm Ribbit. The move would also add to […]

This time is different President-elect Joe Biden unveiled his $1.9 trillion economic rescue plan yesterday, an ambitious package of bigger direct payments to Americans, extra funding for coronavirus vaccine distribution and more. The move is a bolder response than the Obama administration’s to the 2008 financial crisis — even if it runs up debt to dizzying levels. What’s in the […]

As the Colorado Department of Labor and Employment works to stand up extended federal unemployment programs on its new unemployment system, it’s also adjusting unemployment figures to account for rampant fraud. CDLE reported Thursday that 14,123 people filed initial claims for state benefits last week. That’s a smaller number than the initial claims the department actually received during the week […]

Scott Cameron has been elevated to president of the Asia-Pacific region at Canada Goose, the company said Thursday. Cameron, whose appointment is effective April 1, joined Canada Goose in 2016 as chief strategy and business development officer and most recently served as president of the Greater China region. During his tenure, he successfully established Canada Goose’s presence in the China […]

PARIS — H&M Group has named Andreas Eriksson communications director, tapping an insider to replace Kristina Stenvinkel, who will work on special assignments for the company, as well as Ramsbury, the private investment company of the Persson family, H&M’s main shareholders. Eriksson joined the group in February of last year as head of media relations. The executive was previously communications […]

(Reuters) – The Dow and the Nasdaq hit record highs on Thursday in anticipation of President-elect Joe Biden’s pandemic aid proposal to jump-start a struggling economy after data highlighted weakening labor market conditions.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., October 2, 2020. […]