Twitter may be worth one-third what Musk paid for it last fall as Fidelity fund marks down value
Twitter may now be worth one-third of what Elon Musk paid for the social media platform just seven months ago
2023-06-01 23:17
Recession ahead? By this metric, one's here now: Earnings fall and Wall Street fears worse to come
The latest round of corporate earnings is leaving Wall Street with a confounding sense of relief and lingering anxiety
2023-06-01 21:57
US applications for unemployment benefits tick up slightly as labor market remains healthy
The number of Americans filing for unemployment benefits rose slightly last week but remains at healthy levels that continue to show a strong U.S. labor market
2023-06-01 20:56
Russia, China foreign ministers set for BRICS meet in South Africa with war in Ukraine on agenda
The Russian and Chinese foreign ministers are set to meet with their counterparts from the BRICS economic bloc of developing nations in South Africa on Thursday
2023-06-01 20:50
US turns up pressure on air bag inflator company that refuses a recall despite deaths, injuries
The U.S. government is stepping up its quest to force ARC Automotive Inc. to recall 67 million potentially dangerous air bag inflators by ordering the company to answer questions under oath
2023-06-01 20:21
Recession ahead? By this metric, one's already here: Earnings shrink and Wall St fears worse to come
The latest round of corporate earnings is leaving Wall Street with a confounding sense of relief and lingering anxiety
2023-06-01 20:21
Stock market today: Wall Street futures point higher on debt deal, but some tremors in retail
Wall Street moved modestly higher after the United States House of Representatives approved a debt ceiling and budget cuts package, avoiding a default crisis
2023-06-01 20:16
Macy's slashes expectations for the year after a pullback by shoppers in the spring
Macy’s slashed its annual profit and sales outlook with sales weakening sales in the first quarter during an increasingly challenging economic environment, including stubbornly high inflation
2023-06-01 19:50
Renewable energy surges, driven by solar boom and high fuel prices, report finds
The world is set to add a record amount of renewable electricity capacity this year as governments and consumers seek to offset high energy prices and take advantage of a boom in solar power
2023-06-01 19:25
India pauses plans to add new coal plants for five years, bets on renewables, batteries
The Indian government will not consider any proposals for new coal plants for the next five years and focus on growing its renewables sector, according to an updated national electricity plan released Wednesday evening
2023-06-01 19:24
China criticizes US plan for trade deal with Taiwan
China’s government has criticized the United States' plans to sign a trade treaty with Taiwan, calling on Washington to stop official contact with the self-ruled island democracy claimed by Beijing as part of its territory
2023-06-01 18:24
India, Nepal prime ministers meet to deepen ties as China's influence grows in region
Nepal’s prime minister has held talks with his Indian counterpart as India and its rival China bid for influence in the tiny Himalayan nation as part of a greater regional power struggle
2023-06-01 17:28