WeWork says it has 'substantial doubt' about its ability to stay in business
"Substantial doubt exists" about WeWork's ability to continue to stay in business, due to the company's losses, projected cash needs, and increased member turnover, according to the company's second quarter earnings release.
2023-08-09 05:55
Commonwealth Bank of Australia's annual profit rises 6%
Commonwealth Bank of Australia reported a near 6% rise in annual cash earnings on Wednesday on the back
2023-08-09 05:52
Lyft forecasts strong earnings as it banks on competitive pricing to chase down Uber
Lyft forecast third-quarter revenue and adjusted core profit above estimates on Tuesday, as it bets on cost cuts
2023-08-09 04:15
KKR Scoops Up Auto Loan Portfolio as Regional Banks Shed Assets
Private equity giant KKR & Co. has purchased a portfolio of prime auto loans from Georgia-based Synovus Financial
2023-08-09 02:58
UPS driver pay deal in US to be worth $170,000 a year, firm says
The shipping giant warns of lower profits after it agreed a deal to avert a US drivers' strike.
2023-08-09 02:55
Airbnb’s Lawsuit to Block NYC Short-Term Rental Law Is Dismissed
Airbnb Inc.’s challenge to a New York City municipal law requiring hosts to register for an operating license
2023-08-09 02:16
Vodacom Fiber Deal in Doubt After Regulator Advises Against
Vodacom Group Ltd.’s deal to buy a stake in Remgro Ltd.’s fiber businesses was plunged into jeopardy after
2023-08-09 01:19
New York Times signals ad market rebound with strong second-quarter results
By Akash Sriram (Reuters) -New York Times Co signaled on Tuesday that advertising spending was picking up faster than market
2023-08-08 23:54
Americans' credit card debt hits a record $1 trillion
Americans' credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they've surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.
2023-08-08 23:30
Regulators fine Wall Street firms $549 million for using WhatsApp and other channels to discuss business
Wells Fargo and a slew of other Wall Street firms admitted Tuesday to using WhatsApp, Signal and other messaging platforms for "off-channel" communications in violation of federal recordkeeping requirements.
2023-08-08 23:16
US trade deficit narrows in June as imports decline
WASHINGTON The U.S. trade deficit narrowed in June as imports dropped to the lowest level in more than
2023-08-08 20:59
Fox posts fourth-quarter revenue in-line with estimates
Broadcaster Fox Corp posted fourth-quarter revenue in-line with Wall Street estimates, as the broadcaster benefited from an industry-wide
2023-08-08 20:25