Cintas, which supplies businesses with uniforms and maintenance items such as floor mats and mops, will pay $310 a share for Unifirst, a smaller uniform competitor.
Tag: March 17 2026
Post
GERMANY’S ECONOMY STILL TEETERS ON THE EDGE OF RECESSION
The German economy, still struggling to rise out of the recession that gripped it through 2023 and 2024, “had a very weak start to the new year,” Carsten Brzeski, ING’s chief global macroeconomist, wrote to clients last week.
Post
CHINA’S GROWTH DILEMMA: JOBS VS. ADVANCED TECH
On 13 March, China’s parliament rubber-stamped the Communist Party’s plan to bet the country’s next five years on achieving global dominance in technologies including AI and robotics, both of which are expected to erase millions of jobs.
Post
WAR COSTS MIDEAST BILLIONS DAILY IN LOST TOURISM, OIL REVENUE
Nations in the Middle East are losing $600 million a day that tourists would spend if they were still visiting, according to the World Travel & Tourism Council (WTTC).
Post
U.K. ECONOMY FLATLINES IN JANUARY
After squeezing out a 0.1-percent expansion in December, Britain’s economy showed no growth in January, the Office for National Statistics announced last week.
Post
EUROZONE FACTORY OUTPUT DECLINED IN JANUARY
The 20-country Eurozone’s manufacturing sector produced 1.5 percent fewer goods in January, an unexpected decline after factory output fell 0.6 percent in December.
Post
SPOTLIGHT: TOKENIZED STOCK TRADING COMES TO THE U.S.
NASDAQ, crypto trading platform Kraken, and interested publicly traded companies are preparing a plan to begin trading stocks as digitized tokens on a blockchain.
Post
NINTH CRUSADE: MAMDANI TALKS ABOUT RECENT ISLAMOPHOBIC COMMENTS FROM ELECTED OFFICIALS
Zohran Mamdani, New York City’s Muslim mayor, spoke out last week about the increase in Islamophobic statements from elected officials in recent weeks.
Post
FREE SPEECH FOR ME BUT NOT FOR THEE
Last week, the chair of the Federal Communications Commission threatened to rescind the broadcast licenses of media entities that do not report events in Iran or Ukraine as the Trump administration would like them to be reported. He also attacked The Wall Street Journal and The New York Times for the same reasons. This followed......
Post
CAMPBELL CUTS 2026 FINANCIAL FORECAST
Campbell Co., maker of soups and snacks, cut its guidance for the current year, saying net sales will fall 1 to 2 percent compared to last year.