Business NEWS – 09-17-2024

Intel CEO Pat Gelsinger Outlines Company’s Next Phase

In a recent communication, Intel CEO Pat Gelsinger provided updates to employees about the forthcoming transformation of Intel, emphasizing plans to turn the foundry operations into a subsidiary. This move aims to facilitate additional funding opportunities as the company progresses. Read more.

Amazon Implements Strict Return-to-Office Policy

Amazon’s CEO Andy Jassy announced that employees will be required to return to the office five days a week, effective next year. This decision aims to strengthen Amazon’s workplace culture and collaboration among teams, amidst ongoing adaptations in the company’s management approach. Read more.

Intel’s Stock Soars with New Business Strategies

Intel’s shares have surged following the announcement of plans to restructure its foundry business into a subsidiary, enabling external investment. The company is also focusing on reducing costs and optimizing its chip manufacturing operations to match market demands. Read more.

Target Plans to Hire 100,000 Seasonal Workers for the Holidays

In anticipation of the upcoming holiday season, Target is aiming to recruit 100,000 seasonal employees. The retail giant is also launching early promotions to attract budget-conscious shoppers during this busy shopping period. Read more.

Trump to Launch New Cryptocurrency Business

Former President Donald Trump is set to unveil a new cryptocurrency venture, named World Liberty Financial, just 50 days ahead of the upcoming elections. This initiative is expected to raise questions regarding potential conflicts of interest amid his political agenda. Read more.

Big Lots Faces Store Closures Amid Bankruptcy Proceedings

The discount retailer Big Lots is closing four of its stores in the Cincinnati area as it navigates through bankruptcy. The closures reflect ongoing challenges in the retail sector exacerbated by recent economic pressures. Read more.