Rapid growth of Temu and Shein threatens US businesses and consumers, Biden says.

Sam Altman has reportedly told OpenAI staff members that they're moving away from its non-profit structure.

"The tenure for U.S. retail and packaged goods company CEOs has this year on average been about 7 months shorter than chiefs who were in office in 2024 in the autos, finance, tech and manufacturing industries, data to August 31 from executive compensation research firm Equilar show."

"The 155-year-old Campbell Soup Company plans to drop “soup” from its corporate name, rebranding as The Campbell’s Company. More consumers are reaching for snacks and ditching ready-to-serve soups, and the company has bought up other food lines to grab them."

cross-posted from: https://lemmy.world/post/19594676

Ad tech monopoly trial may hurt Google more than DOJ’s search case, experts say.

The budget deficit to the country’s GDP ratio was at minus 8.3 per cent in August, increasing from minus 7.6 per cent in June and minus 6.2 per cent in March and minus 4.1 per cent last December.

The budget deficit was at 84 billion shekels ($22.38 billion) this January to August, versus a surplus of 0.3 billion shekels ($79.9 million) in the same period last year.

While the country’s expenditures jumped 31.8 per cent year-on-year in the first eight months, revenues rose just 4 per cent, Israeli Finance Ministry data showed on Sunday.

In August alone, the budget deficit was at 12.1 billion shekels ($3.22 billion).

cross-posted from: https://lemmy.world/post/19496775

Source Nikkei article

Disney+ finally profitable but not making as much per subscriber as competition.

AXA, the multi-billionaire dollar insurance company, had been the target of a years-long effort led by Ekō, an international ethical-investing advocacy organization, pressuring it to unwind its holdings in the companies. In August, Ekō published an analysis showing AXA had unwound its previous holdings in Bank Hapoalim, Bank Leumi, and Israel Discount Bank. AXA has also not reinvested in previously held positions in Bank Mizrahi-Tefahot or First International Bank of Israel, two additional targets of the campaign.

The banks were listed in a United Nations database of companies deemed complicit in maintaining the illegal occupation of the West Bank. “Foreign businesses that invest in these banks are complicit in Israeli war crimes,” said Leili Kashani, a senior campaigner at Ekō.

Until September of last year, AXA held 2.5 million shares in the three designated banks, worth around $20.4 million. But by June of this year, the company had effectively zeroed out its holdings, Ekō found. AXA’s portfolio still includes a residual position of 16,290 shares of Bank Leumi stock. Profundo, an independent research organization which contributed to the report, attributed that holding to “reporting and internal accounting delays” and deemed the sell-offs a “full divestment.”

CEO says market for non-AI silicon has bottomed out