UBS targets cost cuts of $10 billion as it absorbs Credit Suisse
UBS said Thursday that it expected to generate $10 billion in savings from a sweeping overhaul of the new global banking giant created by its emergency rescue of stricken rival Credit Suisse earlier this year.
1970-01-01 08:00
Beekeepers to the rescue after 5 million bees fall off truck in Canada
One beekeeper who came to the rescue described a cloud of "angry, confused and homeless" bees.
1970-01-01 08:00
Troubled Chinese homebuilder Country Garden is rushing to raise cash to avoid default
Country Garden is raising funds to avoid default, as the troubled real estate giant battles a liquidity crisis which some fear could spread to China's wider economy and even spill over abroad.
1970-01-01 08:00
James Cleverly visits Beijing as MPs criticise China strategy
The minister says the UK can't ignore China, but some call the government's approach incoherent.
1970-01-01 08:00
Best Buy expects tech demand to hit a low this year
Best Buy expects declining tech sales to hit a low this year before stabilizing, in another sign of consumer caution around discretionary spending and retail purchases.
1970-01-01 08:00
China's Evergrande says losses narrowed by 50% in the first half of 2023 as shares plunge
Evergrande Group, the world's most indebted real state developer, has reported a significant narrowing in its net losses for the first half of the year, thanks to a rise in revenue because of "the short boom of the property market" earlier this year.
1970-01-01 08:00
Schools got $190 billion in pandemic aid, but the funds haven't reversed learning loss
America's K-12 schools received the largest-ever infusion of federal aid to help them address pandemic-related challenges, yet students are still struggling to catch up from the learning loss they experienced during remote learning.
1970-01-01 08:00
Gap reports mixed second quarter and decline in sales across all brands
Gap saw soft sales across all four of its brands in the latest quarter.
1970-01-01 08:00
Dollar Tree said theft is such a problem it will start locking up items or stop selling them altogether
Dollar Tree had a miserable quarter, and company management is chalking it up to a mix of factors: changing consumer demands on top of higher prices for fuel and electricity ... and theft.
1970-01-01 08:00
Nvidia's quarterly sales double on the back of AI boom
The artificial intelligence boom continues to fuel a blockbuster year for chipmaker Nvidia.
1970-01-01 08:00
Peloton stock plunges after 20,000 members canceled subscriptions while waiting for recall
A Peloton recall involving the adjustable seat on more than two million bikes is becoming a bigger headache than expected.
1970-01-01 08:00
Nvidia set the market alight last quarter. Can it repeat the trick?
Artificial intelligence darling Nvidia's upcoming earnings report could be a boost or a drag on a market already mired in the summer doldrums.
1970-01-01 08:00