Posts with tag: technology
Homebuilders are less optimistic about the housing market due to tariffs, rising mortgage rates, and high housing costs. The NAHB/Wells Fargo Housing Market Index dropped to 42 in February, indicating more builders view conditions as poor.
Published on: February 18, 2025, 04:01 PM UTC
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
Intel grapples with takeover rumors as chip rivals eye deals that could break up the company. Analysts weigh the potential for regulatory hurdles and antitrust issues. Stakes are high for Intel and the US government, as any deal could impact the nation's chipmaking industry.
Published on: February 18, 2025, 04:00 PM UTC
Intel shares jump on report of Broadcom, TSMC acquisition interest
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
Chinese company stops exporting key battery equipment, signaling impact of proposed export controls.
Published on: February 18, 2025, 02:01 PM UTC
Tesla selects showroom locations in New Delhi and Mumbai, eyes India entry
Published on: February 18, 2025, 02:00 PM UTC
Medtronic beats quarterly profit estimates on strong device demand, but keeps annual forecast unchanged
Published on: February 18, 2025, 01:05 PM UTC
Hillman's (HLMN) Q4 revenue missed estimates, landing at $349.6 million. Adjusted EPS of $0.10 aligned with expectations. The company predicts full-year revenue of $1.54 billion, in line with analysts' forecasts. Check our full report for insights on Hillman's valuation and more.
Published on: February 18, 2025, 01:00 PM UTC