Alibaba Breakup Begins With Spinoff of $12 Billion Cloud Arm
Alibaba Group Holding Ltd. will explore initial public offerings for its logistics and grocery arms while hiving off
2023-05-18 21:53
Persistently high inflation is causing a split among Federal Reserve officials over next steps
The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes in March 2022
2023-05-18 21:48
UK telecom company BT plans to shed up to 55,000 jobs, replace some with AI
U.K. telecom company BT Group plans to shed up to 55,000 jobs by the end of the decade and replace some of them with artificial intelligence
2023-05-18 21:23
Pick a college bank account as carefully as your college
Your college bank account should have the right set of features for you and minimal fees
2023-05-18 21:16
Fewer Americans apply for jobless benefits, labor market still showing strength
Fewer Americans applied for jobless benefits last week following a spike the previous week that some saw as a sign that higher interest rates were finally hobbling the labor market
2023-05-18 20:53
Walmart boosts outlook after a strong first quarter and rising online sales
Walmart reported a strong first quarter and boosted its outlook for the year as the nation’s largest retailer continues to draw budget conscious consumers in a challenging economic environment
2023-05-18 20:27
Why a Fed rate-hike pause may not be as great for stocks as Wall Street hopes
To Wall Street's relief, the end appears in sight for the Federal Reserve's sharp hikes to interest rates
2023-05-18 20:17
Ford recalls SUVs, some for a second time, to fix rear camera display
Ford is recalling over 422,000 SUVs in the U.S. because the image from the rear camera may not be displayed
2023-05-18 19:55
China's loans pushing world’s poorest countries to brink of collapse
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China
2023-05-18 19:28
Russia fires 30 cruise missiles at Ukrainian targets; Ukraine says 29 were shot down
Ukrainian officials say Russia has fired 30 cruise missiles against various parts of the country in the latest nighttime test of Ukrainian air defenses which shot down 29 of them
2023-05-18 18:57
Crews work to reach Italian towns isolated by floods as cleanup begins
Rescue crews are working to reach towns and villages in northern Italy that were cut off from highways, electricity and cell phone service following heavy rains and flooding
2023-05-18 18:54
Takeaways of AP's report on Chinese loans pushing poor countries to brink of collapse
A dozen poor countries are facing economic instability and even collapse because of a common, undeniable factor: their struggle to pay back hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China
2023-05-18 18:52