U.S. credit card debt jumps 18.5% and hits a record $930.6 billion
For most Americans, inflation and rising interest rates are a one-two punch. On the heels of another rate hike this week by the Federal Reserve, credit card annual percentage rates…
Ford CEO Jim Farley’s frustration builds as he vows to transform the automaker
Ford CEO Jim Farley is frustrated. The company’s fourth-quarter earnings on Thursday missed analyst expectations by a wide margin, as costs and supply chain issues again hurt Ford’s bottom line,…
Ticketmaster braces for Beyoncé’s ‘Renaissance’ tour amid fears of Taylor Swift-level demand
Robyn Beck | Afp | Getty Images Ticketmaster is gearing up for what’s expected to be high demand for tickets to Beyoncé’s upcoming “Renaissance World Tour,” as the ticketing giant…
Amazon’s cloud business reports 20% growth in fourth quarter, missing estimates
Amazon Web Services CEO Adam Selipsky delivers a keynote address during the AWS re:Invent conference in Las Vegas on Nov. 29, 2022. Noah Berger |Getty Images Amazon said revenue in…
Amazon is shutting some Fresh and Go stores as the company cuts costs
People walk past an Amazon Fresh store in Washington, DC, on August 26, 2021. Nicholas Kamm | AFP | Getty Images Amazon plans to close some Fresh supermarkets and Go…
Apple telegraphed that things are getting better after a tough quarter — here’s how to interpret its remarks
Apple reported a tough December quarter on Thursday, including the company’s biggest quarterly revenue decline since 2016, along with sales drops in its iPhone, Mac and wearables businesses. At first,…
Apple sales drop 5% in largest quarterly revenue decline since 2016
Apple missed expectations for revenue, profit, and sales for many of its lines of business on Thursday, sending the stock lower in extended trading. Apple’s overall sales for the holiday…
Qualcomm revenue falls 12%, guidance implies more pain this quarter
Cristiano Amon, CEO of Qualcomm. Steve Marcus | Reuters Qualcomm shares fell 2% in extended trading on Thursday after the chipmaker reported lower fiscal first-quarter revenue than analysts had predicted…
Amazon beats on fourth-quarter revenue but provides light guidance
Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow’s opening night for the NHL’s newest hockey franchise the Seattle Kraken at the Climate Pledge Arena…
Opinion: Why Beijing is cheering on the U.S. debt ceiling fight
The U.S. Capitol Building is seen on January 19, 2023 in Washington, DC. Anna Moneymaker | Getty Images The contours of divided government in Washington are now clear: The main…