IKEA has invested $2.76 billion over the past 10 years in wind and solar energy systems that generate power for its international operations. With the recent addition of a Romanian wind farm and two US solar plants, the retailer said it will be able to generate more than enough renewable energy to power all of its operations within a year.
Best Buy will expand its lease-to-own program to nine more states in the next several months. The program, which was designed with partner Progressive Leasing to help customers without credit cards pay off their purchases over time, is prohibited by law in Best Buy's home state of Minnesota.
SoftBank, the largest investor in WeWork parent The We Co., is looking for ways to remove Adam Neumann as CEO of the workspace firm, sources say. Some board members of The We Co. reportedly also are discussing how to remove Neumann.
Wegmans Food Markets and Publix Super Markets ranked second and 11th, respectively, on Fortune's latest Best Workplaces for Women list. Women filled 27% of Wegman's executive and manager positions and 22% of similar roles at Publix.
The liquidity crisis in the overnight repo market that has prompted action by the Federal Reserve is evidence of issues that have been building for a decade, market participants say. They say policies adopted during the financial crisis and limits imposed on risk-taking are to blame for the cash shortage.
With recent theft by hackers of cryptocurrency, banks have put more of an emphasis on ramping up their investment in blockchain security, experts say. This comes as more investors are jumping into blockchain security start-ups.
National Economic Council Director Larry Kudlow says insufficient attention is being paid to the positive US economic data issued recently, including exceptional retail sales and robust manufacturing production. Calling for the removal of obstacles to further growth, he said "with low taxes and regulations, the US economy can grow 3 or 4% if we would just let it."
Fed officials Eric Rosengren and James Bullard opposed last week's quarter-point interest rate cut but for different reasons. Rosengren said the economy did not need another stimulus while Bullard wanted a larger rate cut.
The House has voted 225-186 to pass the Forced Arbitration Injustice Repeal Act, which would prohibit mandatory arbitration in several areas. The measure would bar agreements that force individuals and businesses to settle antitrust, consumer, employment and civil rights disputes solely through arbitration.
Goldman Sachs President John Waldron has warned that investors should not assume the European Central Bank's latest quantitative easing is enough to maintain asset prices. "It doesn't seem to me that the trajectory has been to deepen QE as much as the markets may expect, so I do think the monetary-policy response has kind of run its course," he says.