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AMC hits another record low close, extends losing streak to four days
AMC Entertainment Holdings Inc. hit another record low close Thursday, ending the session at $5.30 after falling 5%. The stock is now on a four-day losing…
Hyundai and Kia thefts soar more than 1,000% since 2020
Certain Hyundai and Kia models saw a 10-fold increase in thefts in just the past three years, a wildly dramatic increase in the wake of a…
European supermarket giant pulls PepsiCo products due to high prices
One of the world’s largest supermarket chains is yanking popular PepsiCo Inc. products from shelves in Europe due to their high prices. France-based…
St. Louis Fed names Alberto Musalem as its new president
Latino economist Alberto Musalem has been named as the next president and CEO of the Federal Reserve Bank of St. Louis, the bank announced…
US mortgage rates increase for the first time since October
Mortgage rates ticked up ever so slightly this week, kicking off 2024 by taking a breather from the previous nine weeks of consecutive…
Peloton partners with TikTok, and shares race 14% higher
Peloton Interactive Inc. shares surged Thursday after the connected-exercise platform announced an exclusive partnership with TikTok. The deal will create a…
Inflation isn’t beaten yet. Price rises are accelerating again in Europe
Europe hasn’t quite shaken off the big, painful problem haunting its economies over the past two years.
Annual inflation in…
Bill Ackman’s wife is accused of plagiarizing part of her dissertation
Neri Oxman, an academic and wife of billionaire investor Bill Ackman, plagiarized parts of her doctoral dissertation at MIT, according to a…
Asian shares slip as Japanese markets reopen
TOKYO — Asian stocks slipped on Thursday, tracking a weak start to 2024 on Wall Street as Japan’s markets reopened. In Tokyo, the mournful mood was clear as…