Charging stations in Norway see longer lines in the winter than in the summer, since vehicles are slower to charge in cold weather, but that has become less of a problem in recent years since Norway has built more charging…
Written by Rajesh Kumar Singh CHICAGO (Reuters) – Spirit Airlines faces tough choices about its future, including finding another buyer and finding other ways to shore up its finances, industry experts said, after a federal judge on Tuesday blocked a…
The Consumer Financial Protection Bureau is headquartered in Washington. Samuel Corum/Bloomberg via Getty Images Since 2000, American consumers have paid an estimated $280 billion in bank overdraft fees, according to CFPB data. During that period, major banks’ annual revenues from…
Markets are “getting ahead of themselves” with expectations of interest rate cuts, Dutch Central Bank President Klaas Knott told CNBC on Wednesday. “The problem for us is that this could ultimately be self-defeating. We are optimistic that we have a…
5 hours ago Hong Kong stocks fell more than 2%, led by real estate stocks Hong Kong’s Hang Seng was the worst-performing index for the second straight day in Asia, falling 2.76% as non-cyclical real estate and consumer stocks fell.…
Investors gave Morgan Stanley’s new boss a harsh reception Tuesday, sending the company’s shares down more than 4% on the day of Ted Beck’s earnings debut. The Wall Street giant announced Tuesday that its profits fell 32% in the fourth…
Sam Altman, CEO of OpenAI, during an interview at Bloomberg House on the opening day of the World Economic Forum in Davos, Switzerland, on January 16, 2024. Chris Ratliff | Bloomberg | Getty Images DAVOS, SWITZERLAND — Sam Altman, founder…
GDP growth for the full year reached 5.2%. “With the decline in investment in the real estate sector, the economy has become more dependent on the manufacturing sector and the service sector,” Qiu Zhang, president and chief economist at Pinpoint…
The headquarters of US biopharmaceutical company Vertex Pharmaceuticals in Boston, Massachusetts, on November 4, 2023. Joseph Prezioso | AFP | Getty Images The U.S. health regulator has approved Vertex Pharmaceuticals and CRISPR Therapeutics’ gene therapy to treat a rare blood…
Car production hit records in China last year. Restaurants and hotels were increasingly full. New factory construction rose. However, China’s economic strengths mask its weaknesses. The significant discounts helped increase car sales, especially electric cars. Diners and travelers chose cheaper…