South African fashion and homeware retailer Mr Price has agreed to buy German-based value chain NKD Group in a transaction worth up to 487 million EUR (around $568 million USD), marking its first move into the European market. Announced on December 10, 2025, the deal signals a clear strategic shift for the Durban-based group, which has largely concentrated on South…
Nvidia has become the first publicly traded company to top a $5 trillion market capitalization, reaching the benchmark just three months after first crossing $4 trillion. The new record reinforces how the generative-AI boom has reshaped equity markets and crowned Nvidia as the core supplier of infrastructure for training and running advanced models. Shares touched $207.86 in early U.S. trading…
Amazon announced plans to eliminate about 14,000 corporate positions worldwide, marking one of its largest restructuring efforts since 2023. The reduction, which affects roughly 4% of its global corporate staff, comes as the company refocuses its resources toward artificial intelligence (AI) development and automation. According to internal documents and statements released on October 28, 2025, the layoffs will primarily impact…
Brazilian farmers and agribusinesses are riding a wave of demand as the Asian giant China turns increasingly to the South American nation for soybeans. Between January and August 2025, Brazil exported approximately 77 million metric tons of soybeans to China, an amount that effectively represents the majority of its first-season harvest. The substantial volume comes amid a sharp decline in…
Adjustment and Eligibility Details Reveal Important Changes The Social Security Administration (SSA) announced a 2.8% cost-of-living adjustment (COLA) for 2026 benefits, marking an increase from the 2.5% bump applied for 2025. The increase will take effect with payments issued in January 2026 for most Social Security beneficiaries, while recipients of Supplemental Security Income (SSI) will see the adjustment reflected in…
In a decisive move, Canadian Prime Minister Mark Carney announced that Canada is targeting a doubling of its exports to countries other than the United States within the next decade. Addressing business and industry leaders ahead of the federal budget release, Carney described the nation’s longstanding reliance on U.S. trade ties as increasingly risky. He said the dominance of American-bound exports…
The plant-based food company Beyond Meat saw its shares surge dramatically after announcing that key products will be available at over 2,000 Walmart stores across the United States. The agreement covers items such as “Beyond Burger 6-packs” and “Beyond Chicken Pieces,” marking a significant expansion in retail distribution. Distribution Expansion Boosts Market Buzz On Tuesday, the company’s stock price leapt to…
