Fintech lenders tighten lending standards, bolstering debt financing
By Hannah Lang and Matt Tracy U.S. financial technology companies are tightening their lending standards, a move that
2023-07-19 23:49
Carvana stock surges 30% after it reaches a massive debt reduction deal
Shares of Carvana, the online used-car seller known for its tall, glass car-vending machines, surged by more than 30% in early trading Wednesday after the company reached a debt restructuring agreement.
2023-07-19 22:59
Analysis-French backlash scuppers appointment of US economist for EU Big Tech regulation
By Foo Yun Chee BRUSSELS A French-led backlash led to a U.S. economist withdrawing from a top European
2023-07-19 22:50
British political candidate uses artificial intelligence to draw up election manifesto
An independent candidate for a U.K. Parliament has turned to artificial intelligence to come up with his campaign promises
2023-07-19 22:45
Tesla to expand Europe's biggest car plant, cell production
By Victoria Waldersee BERLIN (Reuters) -Tesla is planning sweeping changes to its factory near Berlin, including extensions to its battery
2023-07-19 22:26
Gucci CEO to step down as parent company chases the global luxury boom
The president and CEO of Gucci will step down later this year as part of a leadership overhaul at its French parent company Kering aimed at capturing more of the booming global market in luxury goods.
2023-07-19 21:57
Goldman Sachs profits plunge 58% as dealmaking dries up
Goldman Sachs reported a sharp drop in profit on Wednesday as dealmaking and trading, a core part of the mega bank's business, dry up. The Wall Street titan also felt the pain of a nearly $1 billion reduction in the value of its consumer and real estate businesses.
2023-07-19 21:26
Europe Gas Swings as Heat Risks Overshadow Ample Fuel Supplies
European natural gas prices fluctuated between gains and losses on Wednesday as traders weighed rising storage levels and
2023-07-19 21:23
Activision, Microsoft extend deadline to close $69 billion deal to Oct. 18
(Reuters) -Activision Blizzard said on Wednesday it has extended the deadline for the close of its $69 billion takeover by
2023-07-19 20:57
US single-family housing starts fall in June; permits increase
WASHINGTON U.S. single-family homebuilding fell in June after surging in the prior month, but permits for future construction
2023-07-19 20:53
IMF Board Member Expects Sri Lanka to Pass First Bailout Review
Sri Lanka stands a strong chance of passing the first review of its $3 billion bailout given falling
2023-07-19 20:48
Bank CEOs are already complaining about new regulations they haven't even seen yet
Earnings season is officially underway, which means the CEOs of America's largest banks get to update the public about the health of their firms and their economic outlooks.
2023-07-19 20:23