LG Chem investing over $3B to build its largest cathode materials facility in the US

Nov 23, 2022 08:26 am UTC| Business Economy

LG Chem is investing more than $3 billion to build a new plant for its cathode materials business. The South Korean chemical company announced it has signed a memorandum of understanding (MOU) with the Tennessee government...

Best Buy expects iPhone 14 Pro shortage to affect sales this holiday

Nov 23, 2022 08:24 am UTC| Technology Business

Apple already warned everyone that the supply of iPhone 14 Pro and iPhone 14 Pro Max would be restricted this holiday. Now, Best Buy says the limited availability could also affect its sales this quarter. The Cupertino,...

Amore Pacific teams up with AOMG’s Gray, Code Kunst, LOCO to draw in male consumers

Nov 23, 2022 08:18 am UTC| Business Economy

Amore Pacific is making an effort to boost the sales of its products to young males. It is targeting the growing cosmetics market for males. Thus, it has teamed up with three Korean rappers to attract the said...

Digital Currency Revolution

NFT: Mattel establishes its own NFT Marketplace to expand its digital collectibles venture

Nov 23, 2022 08:03 am UTC| Business Digital Currency Investing

Mattel Inc. is launching its own marketplace for non-fungible tokens or NFTs as it aims to sell digital collectibles based on the brands iconic Intellectual Property (IP) assets. The California-headquartered toy maker said...

Paramount terminates Penguin Random House’s $2.2B Simon & Schuster sale deal

Nov 23, 2022 07:16 am UTC| Business Economy

Paramount Global confirmed this week that it would no longer continue with the sale of its Simon Schuster publishing company to Penguin Random House. The American mass media and entertainment firm officially dropped the...

Retailers may see more red after Black Friday as consumers say they plan to pull back on spending – acting as if the US were already in a recession

Nov 23, 2022 05:13 am UTC| Insights & Views Business

Retailers are gearing up for another blockbuster holiday shopping season, but consumers burned by the highest inflation in a generation may have other ideas. Industry groups are predicting another record year of retail...

Saving Main Street: Local businesses need community support to stay afloat

Nov 23, 2022 05:10 am UTC| Business

Main Street businesses that survived COVID-19 restrictions are now navigating a pandemic recovery where predicted changes in the retail industry have been accelerated by five to 10 years. The ability to adapt to these...