‘The next China is still China’: McKinsey’s Joe Ngai and Nick Leung on why global business can’t write off the Chinese economy

by mikej222 | Jun 4, 2026 | Uncategorized

This post was originally published on this siteWhen Joe Ngai, McKinsey’s Greater China chair, first began to test-drive his point that “the next China is still China” on social media, the world’s second-largest economy was in a post-COVID slump. Sluggish consumption...

IBM, AT&T accused by whistleblower of covering up foreign hacks

by mikej222 | Jun 4, 2026 | Uncategorized

This post was originally published on this siteInternational Business Machines Corp. and AT&T Inc.’s computer systems were repeatedly breached by foreign hackers, and the companies concealed those intrusions from the US government in violation of the law,...

Airbnb CEO Brian Chesky plans to start a new AI company

by mikej222 | Jun 4, 2026 | Uncategorized

This post was originally published on this siteAirbnb Inc. Chief Executive Officer Brian Chesky is starting a new artificial intelligence lab, according to several people familiar with the matter, marking his first foray into the global AI race. Chesky plans to create...

BofA on the ‘fundamental disconnect’ in the housing market: You’re blaming the wrong person for why you can’t afford a home

by mikej222 | Jun 4, 2026 | Uncategorized

This post was originally published on this siteAmerican homebuyers have found plenty of villains for today’s brutal housing market: the Federal Reserve, Wall Street landlords, even their baby boomer parents who refuse to move. But Bank of America Research argues the...

Union Pacific CEO responds to Trump idea for U.S. stake in $71.5 billion railroad mega merger: ‘We do not need anybody’s help to do this’

by mikej222 | Jun 4, 2026 | Uncategorized

This post was originally published on this siteUnion Pacific CEO Jim Vena said he’s not interested in the federal government acquiring a stake in UP’s massive, $71.5 billion acquisition of Norfolk Southern—after President Trump expressed his interest to Fortune in...