Press Digest: Wall Street Journal - Aug 1

CBIZ

01/08/2024 07:07

Aug 1 (Reuters) - The following are the top stories in
the Wall Street Journal. Reuters has not verified these stories
and does not vouch for their accuracy.
    
    - U.S. Federal Reserve Chair Jerome Powell said officials
could cut interest rates at their meeting in September, moving
closer to a new phase that seeks to avoid weakness in the labor
market in the midst of signs inflation is heading lower.
    
    - Boeing  BA.N  hired Kelly Ortberg as its next chief
executive, picking an aerospace veteran to steer the jet maker
through its manufacturing turbulence and a regulatory storm
after posting another deep quarterly loss.
    
    - Billionaire investor Bill Ackman pressed pause on the
initial public offering of Pershing Square USA aimed at everyday
investors after a lack of investor demand forced him to
dramatically shrink his fundraising target.
    
    - Hyundai Motor America is splitting its marketing
department into creative and performance divisions, as it moves
away from the chief marketing officer (CMO) role, the company
said that CMO Angela Zepeda will take on a new role as chief
creative officer effective Thursday.
    
    - Financial services and insurance provider CBIZ  CBZ.N  has
agreed to acquire accounting firm Marcum in a $2.3 billion deal.

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))