Tag: Economy

In a string of insolvencies for regional Scandinavian airlines filed one after another earlier this fall, Malmö-based Braathens Aviation filed for bankruptcy in Swedish court at the end of September over what it claimed were a series of “financial challenges” and “lack of liquidity” needed to …

UK inflation unexpectedly tumbles, firming Bank of England rate cut bets

Palantir stock has gained about 20% since its November slump. It appears that the stock has weathered the storm of the AI sell-off, which was triggered by investor fears that AI is a bubble. Last week was especially difficult, as Oracle and Broadcom both took a sharp drop after reporting earnings…

Tax refunds can make or break a family’s financial year. Some people treat them like found money — extra cash for a vacation or new television. Others see them as a chance to shore up emergency savings or pay down debt. For most Americans, a $1,000 to $2,000 refund feels substantial…

US Treasury’s Bessent says next Fed chair needs ’an open mind’

If you’re watching plans to name a new Fed Chair like its a political horse race, Kevin Hassett, the White House economic adviser and front‑runner to replace Jerome Powell looks like the favorite who suddenly hit a rough patch on the final turn. According to a CNBC report…

The furniture industry has suffered from economic distress this year, with several retail chains closing store locations and a number of them filing for bankruptcy. Common reasons for retailers’ financial problems have included rising labor and product costs driven by inflation, increased tariff …

J.P. Morgan’s global chair of investment banking to retire, memo says

Oracle (ORCL) reported its Q2 earnings on December 10, after market close. The earnings report disappointed investors, and the stock took a tumble on the following day, closing at $198.85, or 10.8% lower. It continued to slide on Friday, Dec. 12, ending the trading session 4.47% lower with a …

Nomura seeking private debt acquisitions in alternatives push, CEO says