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Browsing: Business

Business

Trump doubles down on $20B lifeline to Argentina, signals possible trade deal

The Trump administration on Tuesday doubled down on the economic lifeline it extended to Argentina last week, a $20 billion currency swap seen as a st...

Business

Walmart teams with OpenAI to let shoppers buy products through ChatGPT

Walmart is deepening its relationship with OpenAI with a new partnership that will allow customers to purchase products through ChatGPT. With Instant...

Business

Ford temporarily cuts production at Kentucky truck plant after fire erupts at supplier

Ford is temporarily cutting production on certain vehicles at its Kentucky truck plant after a fire broke out at one of its aluminum supplier faciliti...

Business

United Airlines first mainline Starlink flight ready for takeoff

United Airlines' first mainline Starlink-equipped flight is ready for takeoff.United flight 2940 is taking off Wednesday from Newark/New York to Houst...

Business

GM takes $1.6B financial hit as EV tax credit changes force strategy overhaul

General Motors said Tuesday that it plans to take a $1.6 billion charge in the third quarter as it revamps its electric vehicle strategy as the end of...

Business

Fed's Powell points to persistent labor market weakness as government shutdown delays official reports

Federal Reserve Chair Jerome Powell on Tuesday said that the economy continues to see a softening of the labor market despite the government shutdown...

Business

ETF race hits $1T at record speed

The theme song for the exchange-traded fund industry could very well be Frank Sinatra’s "It Was a Very Good Year," as the industry just hit $1 trillio...

Business

US car prices reach new high as luxury vehicle, EV sales surge nationwide

The average new vehicle transaction price in the U.S. reached a record high in September.The average new vehicle transaction price exceeded $50,000 fo...

Business

Prediction markets see cloudy outlook as traders bet on extended shutdown

Traders on prediction platforms Kalshi and Polymarket are wagering that the federal government shutdown will extend well into next month, as partisan...

Business

How homeowners can earn rewards points for paying their mortgage

Homeowners will soon have the chance to start earning rewards points for paying off their mortgage every month. Bilt, a loyalty program designed to he...

Business

Goldman's profit beats estimates as dealmaking rebound boosts investment banking

Goldman Sachs beat Wall Street expectations for third-quarter profits on Tuesday, as its investment bankers earned higher advisory fees and rallying m...

Business

JPMorgan lifts interest income forecast after profit beats estimates

JPMorgan Chase raised its full-year forecast for net interest income on Tuesday, after strong performance in its trading and investment banking busine...