PepsiCo plans to cut about 1,000 jobs across North America as it streamlines operations and works to revive sales in its home market.
PepsiCo to cut about 1,000 jobs as North American business struggles
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Shares in world’s most valuable company hit seven-month low after CEO Huang admits to affair, after allegations of relationship with Chinese spy Silicon Valley and Trump rally behind Nvidia CEO after his affair with alleged Chinese spy Who is Alice Huang, the woman linked to Nvidia’s CEO? The AI poster boy, the ‘Chinese spy’ and Trump: how an affair may have harmed US security Huang is receiving support from some fellow tech executives, including Elon Musk. Musk commented “I agree” on a post by Sequoia partner Shaun Maguire that said Huang “did something incredibly dumb” that was “bad for America” but that “Jensen is irreplaceable for America’s AI leadership”. “While Nvidia has sought to reassure us all, there are several layers here, beginning with the unfortunate timing. “For example: The company is systemically important for tech, markets and the economy; Investors tend to struggle
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Children’s Place files for bankruptcy protection, seeks buyer
The Children's Place has filed for chapter 11 bankruptcy protection and is seeking bids from potential new owners by Dec. 9.