Beyond Meat launches plant-based product not meant to mimic meat
CEO North America
by CEO Admin
13h ago
Beyond Meat has introduced Sun Sausage, its first plant-based product that does not imitate traditional meat types such as beef, pork, or poultry. The sausage includes whole ingredients such as spinach, bell peppers, brown rice, and red lentils, and is available in three flavors: Pineapple Jalapeno, Pesto, and Cajun. The product is exclusively sold at ..read more
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‘Veep’ gains renewed attention as Harris enters presidential race
CEO North America
by CEO Admin
13h ago
HBO’s political satire “Veep,” which ended in 2019, has seen a resurgence in interest following President Biden’s announcement that he will not seek re-election and will endorse Vice President Kamala Harris as the Democratic nominee. This scenario closely mirrors a plotline from “Veep,” where the fictional vice president, Selina Meyer, learns that the sitting president ..read more
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U.S. economy shows resilience with strong growth and easing inflation
CEO North America
by CEO Admin
13h ago
The U.S. economy demonstrated robust growth in the first half of the year, expanding at an annualized rate of 2.8% in the second quarter, according to the Commerce Department. This performance exceeded economists’ expectations and highlighted continued business investment and consumer spending, the latter of which is crucial as it accounts for two-thirds of the ..read more
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Amazon develops AI chips to reduce reliance on Nvidia
CEO North America
by CEO Admin
13h ago
Amazon.com is developing its own artificial intelligence (AI) chips at its chip lab in Austin, Texas, aiming to reduce reliance on Nvidia’s costly processors. The new server design, packed with Amazon’s AI chips, is part of the company’s strategy to provide more affordable solutions for complex computations and data processing in its Amazon Web Services ..read more
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Southwest Airlines to end open seating, add extra legroom seats
CEO North America
by CEO Admin
13h ago
Southwest Airlines announced significant changes to its business model, including ending its open seating policy and introducing extra legroom seats, as part of efforts to increase revenue. Starting next year, the airline plans to offer flights with extra legroom seats and introduce overnight flights beginning in February. This move marks a shift in Southwest’s 53-year-old ..read more
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U.S. jobless claims dip, signaling slight labor market cooling
CEO North America
by CEO Admin
16h ago
Fewer Americans filed for unemployment benefits last week, with jobless claims dropping by 10,000 to 235,000 for the week ending July 20, according to the Labor Department. Despite this decrease, claims have remained above 220,000 for nine consecutive weeks, indicating a slight uptick in layoffs. However, these levels are still considered historically healthy, reflecting a ..read more
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U.S. business activity reaches 27-month high in July, inflation pressures ease
CEO North America
by CEO Admin
2d ago
U.S. business activity reached a 27-month high in July, according to the S&P Global flash U.S. Composite PMI Output Index, which rose to 55.0, the highest since April 2022. This growth was driven by a robust services sector, which offset a slowdown in manufacturing. However, businesses faced challenges in sustaining higher prices for goods and services, indicating resistance from consumers and signaling a potential easing of inflation pressures. Average prices for goods and services increased at their slowest pace since January, aligning with the Federal Reserve’s 2% inflation target. This ..read more
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Tesla shares drop 12% as earnings miss expectations amid auto business pressures
CEO North America
by CEO Admin
2d ago
Tesla shares fell by 12% on Wednesday after the company reported second-quarter earnings that missed expectations, highlighting ongoing challenges in its automotive business. The electric car maker’s automotive revenue declined by 7% year-over-year to $19.9 billion, and its adjusted earnings margin also decreased. The company has been reducing prices and offering discounts to boost sales amid slowing demand and rising competition, particularly in China, a crucial market for Tesla. Despite being the top seller of electric vehicles in the U.S., Tesla is losing market share to emerging competitor ..read more
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Kamala Harris’ stance on climate achievements as she runs for presidency
CEO North America
by CEO Admin
2d ago
Vice President Kamala Harris has consistently prioritized environmental issues, from her tenure as California’s attorney general to her role in passing the 2022 Inflation Reduction Act, the largest climate investment in U.S. history. As she campaigns for the presidency, Harris is expected to emphasize protecting these climate gains, a stance likely to resonate with voters amid increasing climate concerns. A Pew Research Center survey from May indicated that 65% of Americans support focusing on renewable energy sources over fossil fuels. Harris’ commitment to climate action was evident during h ..read more
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CIOs must address operational and security risks to ensure transformation success
CEO North America
by CEO Admin
3d ago
In an opinion article for CIO.com, Isaac Sacolick, president of StarCIO, writes that CIOs face many operational and security risks while managing digital transformation and emphasizes that while outsider threats necessitate robust security practices, operational risks require a proactive approach to prevent IT from entering constant firefighting mode. He stresses the importance of asking “what if” questions and planning for various scenarios to mitigate these risks effectively. Sacolick highlights several key risks CIOs should address, starting with mounting technical debt from legacy systems ..read more
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