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Finance
Zombie firms are filing for bankruptcy as the Fed commits to higher rates
In the U.S., 516 publicly listed firms have filed for bankruptcy from January through September 2023. Many of these firms have survived for several years with surging debt and…
Latest news on Gaza conflict
Israel Defense Forces says number of hostages is now 240The number of hostages held by Hamas is currently at 240, according to Daniel Hagari, spokesman for the Israel Defense…
Oil major BP misses estimates for third quarter as profits plummet
The BP logo is displayed outside a petrol station near Warmister, on August 15, 2022 in Wiltshire, England.Matt Cardy | Getty Images News | Getty ImagesLONDON — Oil major BP on…
HSBC’s after-tax profit surges over 235% year-on-year, announces $3 billion share buyback
Aaron P | Bauer-Griffin | GC Images | Getty ImagesHSBC's profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the $2.66 billion…
Bank of Japan increases flexibility on yield curve control, keeps rates unchanged
The Bank of Japan headquarters in Tokyo.Bloomberg | Getty ImagesJapan's central bank is allowing more flexibility in its yield curve control policy, shifting the language used to…
Apple announces new M3 chips and cuts the price of the entry-level MacBook Pro
Apple announced new PC chips, MacBook Pro laptops, and a new iMac model at an unusual night-time launch event on Monday.Ahead of the all-important holiday shopping season, the new…
Stocks making the biggest moves after hours: Pinterest, Wolfspeed, Arista Networks and more
Check out the companies making headlines in extended trading. Arista Networks — The cloud networking solutions company added 6% Monday after the bell. Arista Networks reported…
Tesla shares drop 5% on Panasonic battery warning, down 18% since Q3 earnings report
Elon Musk, CEO of SpaceX and Tesla, looks on as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris…
Magnificent Seven are masking a rough market. Jim Cramer says these 3 stocks are buys
The "Magnificent Seven" mega-cap tech names that grab all the headlines and rule Wall Street with their outsized influence have been masking a pretty rough year for everything…
Will Social Security be there for me when I retire? Here’s how the agency’s chief actuary answers that…
What may happen in the worst-case scenarioYet it is possible benefits may be reduced.In the worst-case scenario, Social Security may reach a point within 10 years where the program…