On Sunday, August 13, 2023, many residents and businesses in Victor Valley, Apple Valley and Santa Clarita experienced disruptions in their internet and cellphone services...
Citi Sells Taiwan Consumer Unit to DBS as Part of Global Strategy
Citi, one of the largest U.S. banks, announced on Monday that it has successfully completed the sale and migration of its Taiwan consumer businesses to...
China’s Stock Market Slumps as Economic Woes Mount
China’s benchmark stock index, the CSI 300, is close to erasing all of the gains it made since a key political meeting was held in...
US Banks Face Liquidity and Profitability Challenges, Moody’s Warns
The US banking sector is under pressure from multiple factors, including the withdrawal of deposits, the rise of interest rates, and the looming threat of...
Oil Prices Set to Rise Further as Global Demand Reaches Record High, IEA Warns
The International Energy Agency (IEA) has warned that global oil prices could continue to climb higher in the coming months, as the world’s oil demand...
Tapestry acquires Capri Holdings for $8.5 billion, creating a new American luxury giant
Tapestry, the parent company of Coach, Kate Spade, and Stuart Weitzman, has announced that it will buy Capri Holdings, the owner of Versace, Jimmy Choo,...
Is it possible for any company to be successful? A Reddit user sparks a debate
A Reddit user posted a question on the r/business subreddit, asking whether it is possible for any company to be successful. The user, who goes...
US stocks end the week on a mixed note amid inflation uncertainty
US stocks closed the week with mixed results as investors weighed the implications of the latest inflation data for the Federal Reserve’s monetary policy. The...
NextEra Energy: A Green Powerhouse with a Growing Dividend
NextEra Energy (NEE) is the largest electric utility in the U.S. with a market value of $138 billion. It operates two businesses: Florida Power &...
Rising US Treasury yields weigh on Nasdaq and S&P 500 as big tech stocks slump
The Nasdaq and the S&P 500 closed lower on Friday, with both recording a second straight weekly decline, as hotter-than-expected U.S. producer prices data pushed...
How a bear steepener in the bond market could hurt the stock market
A bear steepener is a term used to describe a situation in the bond market where long-term interest rates rise faster than short-term interest rates,...
Nikola halts sales and recalls all electric trucks after fire incidents
Nikola, the electric and hydrogen semi truck maker, announced on Friday that it was recalling all the battery-powered electric trucks that it has delivered so...
WynnBET exits eight U.S. states amid online sports betting challenges
Wynn Resorts, the parent company of WynnBET, announced on Friday that it will close its online sports betting and iGaming platform in eight U.S. states,...
NYC Renters Face Rising Costs and Fierce Competition
The rental market in New York City is bouncing back from the pandemic slump, but not in favor of the renters. According to the latest...
A New Product Aims to Make Public Restrooms Cleaner and Safer
Public restrooms are a necessity for everyone, but they can also be a source of discomfort, disgust, and disease. The cleanliness of a public restroom...
Russia’s currency crisis and its digital ruble plan
Russia is facing a severe currency crisis, as the ruble has plunged to its lowest level against the dollar since the start of the war...