Category: Business

Pat Gelsinger, CEO Intel, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Intel executives are working with multiple advisors to formulate options to address its flagging business, according to a person with knowledge of the matter. Those advisors, which include Morgan Stanley and…

Mayor Eric Adams at his weekly press briefing on July 23, 2024. NYC Mayoral Photography Unit Mayor Eric Adams touted the success of New York City’s enhanced Earned Income Tax Credit (EITC) on Monday while helping to cut the ribbon for a new federal credit union branch in Queens. The Urban Upbound Federal Credit Union…

Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019.  Steve Marcus | Reuters Advanced Micro Devices on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to…

This month, we had the pleasure of sitting down with Emily Diers, the owner and founder of Bodycraft, a vibrant fitness, dance, and movement studio. Emily, originally from Rolling Meadows, Illinois, has always had a deep connection to movement and dance. From the age of five, dance became a joyful and expressive outlet for her, a…

China’s retail sales grew by 2% in June from a year ago. Data for July is due out Thurs. Aug. 15. Pictured here is a shopping mall in Beijing on Aug. 7, 2024. Pedro Pardo | Afp | Getty Images BEIJING — China’s consumer prices rose by a more-than-expected 0.5% in July from a year…

Along Ditmars Boulevard in Astoria, a familiar pattern has emerged: the 18 outdoor dining sheds that had lined the ten blocks adjacent to the subway since 2020 have dwindled down to just three. The scene on Ditmars mirrored restaurant rows across the city over the weekend when  contractors with pickup trucks and power tools hit…

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. REUTERS/Brendan McDermid/File Photo Major U.S. stock indexes ended sharply lower on Monday as U.S. recession worries shook global markets and drove investors out of risky assets, while Apple shares dropped as Berkshire Hathaway…

A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom. John Keeble | Getty Images News | Getty Images British oil giant BP on Tuesday reported stronger-than-expected net profit for the second quarter and raised its dividend despite previously warning of significantly lower refining margins. The oil…

INDUSTRY CITY AND SUNSET PARK — Brooklyn-based biotechnology company Cresilon Inc. uncovered a hemostatic gel technology that will make traumatic brain injuries (TBI) significantly less devastating.  The technology, announced July 9, completed its first stage of preclinical study successfully. The gel controls bleeding and provides neuroprotection following a penetrating TBI, such as from a gunshot…