Banks

Bank profits soar in third quarter

7 days ago   |   By Finance Commerce

Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has helped reduce the number of loans in default or that the bank won't likely recoup.
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Floods threaten to shut down a quarter of U.S. roads and critical buildings

Floods threaten to shut down a quarter of U.S. roads and critical buildings

7 days ago   |   By NPR

A new report says floods could shut down a quarter of the country's critical facilities like airports, hospitals, government buildings, and schools - and the roads that take you there. (Image credit: The Washington Post/The Washington Post via Getty Im)
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The U.S. Economy May Be Facing Another Recession, New Research Suggests

7 days ago   |   By Forbes

The U.S. economy may be heading for another downturn within the next six months if consumer expectations are any guide, according to new research from ex-Bank of England member David Blanchflower.
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Japan OKs plan to push clean energy, nuclear to cut carbon

TOKYO - Japan adopted a new energy policy on Friday that promotes nuclear and renewables as sources of clean energy to achieve the country's pledge of reaching carbon... Read more ...

Asian shares mixed after S&P 500 squeaks to new record high

Asian shares were mixed Friday after a late-in-the-day wave of buying pushed the S&P 500 to a fresh record high. Benchmarks rose in Hong Kong and Tokyo but fell in Sydney and... Read more ...

China's Lipstick King sold an astonishing $1.7 billion in goods in 12 hours...

Austin Li Jiaqi. VCG/Getty Images China's livestreaming star Austin Li Jiaqi - also known as the "Lipstick King" sold about $1.7 billion worth of goods in 12 hours. He was... Read more ...

Inflation Hasn't Hurt Consumer Giants Nestle, Unilever - Yet

Rising prices have helped boost the world's biggest consumer-goods companies. But this might be as good as it gets for a while. Read more ...

China's NetEase buys No More Heroes maker Grasshopper Manufacture

China's NetEase buys No More Heroes maker Grasshopper Manufacture

NetEase has agreed to buy Grasshopper Manufacture, the maker of games such No More Heroes, Killer7, and Lollipop Chainsaw. Read more ...

Nissan ex-chair Ghosn set on restoring reputation

TOKYO - Carlos Ghosn, the former auto industry superstar whose career screeched to a halt with his arrest three years ago, isn't about to settle into quiet retirement. The... Read more ...

Asia-Pacific Daily Briefing: Japan's Inflation Inches Up on Higher Energy Prices

Energy and imports will drive inflation in coming months. Read more ...

Report: Struggling Chinese developer makes bond payment

Report: Struggling Chinese developer makes bond payment

BEIJING - A troubled Chinese developer whose struggle to avoid a multibillion-dollar debt default has rattled global financial markets wired $83.5 million on Friday to make an... Read more ...

Hedge Funds Are Thriving Amid Inflation-Wary Markets

The industry still needs to deliver better returns to justify its existence. Read more ...

Meghan McCain said Ivanka Trump and Jared Kushner were 'funeral crashers'...

Meghan McCain said she was angered to see Ivanka Trump and Jared Kushner at her father's memorial service in 2018. Tom Williams/CQ Roll Call via Getty Images; Mark Wilson/Getty... Read more ...