Business

Company insolvencies in the UK have surged to a 16-year high, with nearly 500 businesses going bust every week. Bosses are choosing to close down solvent companies ahead of tax hikes and rising costs. The insolvency statistics suggest businesses are giving up before being overwhelmed by the rising costs in the spring.

Published on: February 18, 2025, 04:00 PM UTC

Here's a meta description in English for the provided content: Former NBA player Evan Turner shares his biggest financial mistake and how he bounced back. He also discusses the importance of having a close relationship with your financial advisor and emphasizes the need to regularly audit your investments. Turner retired from the NBA at 31 and is still making adjustments to his finances to adapt to his new lifestyle.

Published on: February 18, 2025, 03:01 PM UTC

Uber has moved to a zero-commission model for its autorickshaw drivers in India and will instead charge them a subscription fee, mirroring a strategy followed by local rivals as competition intensifies.

Published on: February 18, 2025, 03:00 PM UTC

Franklin Electric Co. reports fourth-quarter earnings of $33.7 million, surpassing Wall Street expectations. For the year, the company reports profit of $180.3 million and revenue of $2.02 billion.

Published on: February 18, 2025, 02:05 PM UTC

Great Lakes Dredge & Dock Corp. (NYSE: GLDD) in Q4 reports earnings of $19.7 million, or 29 cents per share, on revenue of $202.8 million.

Published on: February 18, 2025, 02:05 PM UTC

Expeditors International of Washington Inc. (EXPD) reported fourth-quarter profit of $235.9 million, beating Wall Street estimates. The logistics services provider also posted stronger-than-expected revenue of $2.95 billion. For the year, the company reported profit of $810.1 million, or $5.72 per share. Revenue was reported as $10.6 billion.

Published on: February 18, 2025, 02:05 PM UTC

European luxury brands are banking on pricing power to offset potential U.S. tariffs, but analysts warn of limited room for hikes. Despite years of aggressive price increases, brands like Louis Vuitton and Gucci are facing pressure to maintain cautious pricing in the U.S. market, where demand from aspirational shoppers remains uncertain.

Published on: February 18, 2025, 02:05 PM UTC

Activist investor Ancora Holdings demands access to U.S. Steel's records to investigate potential wrongdoing related to a lawsuit and CEO's trading plan.

Published on: February 18, 2025, 02:04 PM UTC

Norinchukin Bank CEO to Resign Amid Massive Losses from Foreign Bond Bets

Published on: February 18, 2025, 02:04 PM UTC

Digging out of debt used to be a new year tradition, but that trend may be disappearing as borrowers struggle with pricey car loans and ballooning card debt year-round. Household debt climbed to a new high of $18.04 trillion, with credit card balances increasing by almost 4% to a record $1.21 trillion. Serious delinquency rates for auto loans and credit cards are at 14-year highs, and credit counselors are seeing individuals paying up to 21%-22% of their income toward car payments. With credit card rates averaging north of 20%, the strain could get worse, and economists warn that tariffs could lead to higher consumer prices.

Published on: February 18, 2025, 02:03 PM UTC