Business

The latest business news, market analysis, and financial advice.

Turkey’s central bank hikes interest rate to 30%

Barbara Terrio

The move is a 500-basis point jump from the month prior, as Ankara continues to battle double-digit inflation. The central ...

Futures drop as Treasury yields rise after Fed’s hawkish pause

Barbara Terrio

(Reuters) – U.S. stock index futures declined on Thursday as growth stocks took a hit from a jump in Treasury ...

FedEx, Klaviyo, KB Home, CrowdStrike, and More Stock Market Movers

Barbara Terrio

Text size Fiscal first-quarter earnings from FedEx beat analysts’ estimates. Justin Sullivan/Getty Images Stock futures traded lower Thursday after equities dropped ...

Stocks Retreat as BOE Cliffhanger Follows the Fed: Markets Wrap

Barbara Terrio

(Bloomberg) — Stocks dropped after the Federal Reserve signaled interest rates will be higher for longer and as traders awaited ...

Powerball jackpot grows to $672M. See winning numbers for Sept. 20.

Barbara Terrio

Powerball, Mega Millions jackpots: What to know in case you win Here’s what to know in case you win the ...

Unprofitable China EV Maker Nio Unveils Phone Pitched at Drivers

Barbara Terrio

(Bloomberg) — While Chinese tech companies have long harbored ambitions to move into the electric car industry, EV upstart Nio ...

What the most ‘Chinese’ smartphone yet tells us about politics

Barbara Terrio

Receive free Semiconductors updates We’ll send you a myFT Daily Digest email rounding up the latest Semiconductors news every morning. ...

Chinese EV maker Nio launches first mobile phone

Barbara Terrio

SHANGHAI (Reuters) – Chinese electric vehicle maker Nio Inc launched its first mobile phone on Thursday, in hopes that better ...

Toshiba says $14 bln takeover bid by JIP has succeeded

Barbara Terrio

The logo of Toshiba Corporation is displayed at the company’s building in Kawasaki, Japan, April 5, 2023. REUTERS/Androniki Christodoulou/File Photo ...

As UAW, Detroit 3 fight over wages, here’s a look at autoworker pay, CEO compensation

Barbara Terrio

United Auto Workers members strike at the Ford Michigan Assembly Plant on September 16, 2023, in Wayne, Michigan. Wages have ...