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The Latest Breaking News on Business

$73 million in debt and looking to sell: Rad Power Bikes files for Chapter 11 bankruptcy protection amid mounting pressures

Management aims to restructure its finances and sell the company within the next 45 to 60 days

Cycling Weekly

PayPal wants to set up a bank to help support small businesses

PayPal has submitted applications to open its own US bank, with scope for interest-bearing savings accounts

TechRadar

Dollar Weakens on Disappointing US Economic News

The dollar index (DXY00 ) on Tuesday fell to a 2.25-month low and finished down -0.21%. The dollar was under pressure from Tuesday's Fed-friendly US economic reports on Nov payrolls, Oct retail sales, and Dec S&P manufacturing activity that bolster the outlook for the Fed to keep easing monetary policy....

Barchart

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Acer and Asus will also pass on surging memory costs to the consumer, highlighting a growing industry-wide consensus

No one shall be spared by the memory apocalypse.

PC Gamer

39,000 Reasons to Consider Selling Tesla Stock Here

Tesla’s U.S. sales appear to have dropped sharply in November, suggesting that the strategy it’s using to combat the expiration of tax credits is not working very well. Meanwhile, Elon Musk’s firm is facing a host of other problems.

Barchart

The Salary You Need for a $500,000 Home Keeps Climbing

With home prices holding firm and mortgage rates still elevated, here’s what it takes to afford a $500,000 home in today’s market.

Kiplinger

Hyundai and Kia owners in for a payday as automakers reach $4.5m settlement

Under the nationwide settlement, the companies will offer free repairs to all eligible vehicles at a cost that could top $500 million

The Independent UK

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Uber could face billions in penalties across US after ‘deceptive billing and cancellation practices’

In some cases, Uber customers allegedly had to go through more than 30 actions to cancel their subscription

The Independent UK

Nearly half of US workers believe they need this amount of money to retire comfortably

‘Companies that invest in their employees' financial well-being help transform confidence into concrete outcomes and create lasting value for their teams,’ one expert said

The Independent UK

Is Insulet Stock Underperforming the Nasdaq?

Although Insulet has underperformed the Nasdaq recently, analysts remain highly optimistic about the stock’s prospects.

Barchart

Why Your 401(k) Is Leaving You Behind While the Wealthy Double Their Nest Egg

Learn why your 401(k) may be falling behind while the wealthy double their nest egg and discover strategies to boost your retirement savings.

GOBankingRates

Ford's EV Retreat Comes With A $19.5 Billion Price Tag

Today on Critical Materials: Ford's EV pullback will cost $20 billion, China looks to regulate car pricing and an ex-Porsche engineer will shake up Hyundai.

InsideEVs

3 Healthcare Giants Just Raised Dividends—Here’s Who Pays the Most

Healthcare behemoths, including the biggest name of them all, are increasing their dividends. Additionally, AMGN's dividend yield now sits solidly above 3%.

MarketBeat

How Is Huntington Ingalls Industries Stock Performance Compared to Other Aerospace and Defense Stocks?

Huntington Ingalls Industries’ Stock has outperformed the other aerospace and defense stocks over the past year, and analysts remain fairly bullish about its prospects.

Barchart

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news in one place.

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International Business Times

Jobs Report Released: US Unemployment Continues to Climb Despite Promising Payroll Boost

U.S. employers added a modest number of jobs in November, but the unemployment rate climbed to its highest level in more than four years, signaling a labor market that continues to cool despite pockets of hiring.

We Got This Covered

‘We should be absolutely terrified’: Trump’s disastrous economy hits trucking, 600 drivers laid off days before Christmas

Time to give up the open road and fill out that Walmart application form.

InsideEVs

Ford’s Historic Louisville Assembly Plant To Shut Down For EV Transformation

The plant retooling required for Ford’s radical Universal EV Production system is about to begin.

International Business Times UK

Student Debt Time Bomb: 9 Million Americans Could Default as Repayment Safeguards Collapse

Up to nine million US student loan borrowers risk default as repayment plans vanish and collections resume, forcing families to choose between bills and basics.

Get all your
news in one place.

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The Guardian - US

Thomas Frank is running out of time to fix Tottenham Hotspur

Spurs have faced low moments in their history, and this is one of them. How will the club respond in the post-Daniel Levy era?

Fortune

Google cofounder Sergey Brin said he was 'spiraling' before returning to work on Gemini—and staying retired 'would've been a big mistake'

Brin said he planned to study physics at cafés following his retirement in 2019.

Barchart

Is LKQ Stock Underperforming the Dow?

LKQ has significantly underperformed compared to the Dow over the past year, yet analysts remain optimistic about the stock’s prospects.

International Business Times UK

Roomba Maker Declares Bankruptcy: How Tariffs Crushed the Company and What It Means for Customers

Rising tariffs significantly increased iRobot's costs and pressured profit margins, contributing to the Roomba maker's Chapter 11 bankruptcy.

Euronews

Ford walks back EV ambitions amid falling demand and hostile politics

The company will focus on making hybrid and gas-powered vehicles, as well as smaller, more affordable EV models.

TechRadar

The RAM crisis will be a disaster for gaming laptops — here’s why

Gaming laptops and pre-built systems are in trouble, as we may see more 8GB configurations as a result of RAM price hikes.

International Business Times UK

Ford Cancels Electric F-150 Lightning in $19.5 Billion U-turn, Declares EVs 'Have No Path to Profit'

Ford discontinues its award-winning F-150 Lightning electric truck, asserting large battery vehicles will never be profitable amid $13 billion in losses.

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