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Corporate debt defaults soared 80% in 2023 and could be high again this year, S&P says

The number of companies that failed to make required payments on their debt totaled 153 for 2023, up from 85 the year before.

Published 16 January 2024
Categorised as Finance News

Bipartisan tax deal could boost child tax credit for 2023. What it means for families this tax season

The bipartisan tax deal could boost the child tax credit for 2023. Here’s how it could affect taxpayers this season, according to experts.

Published 16 January 2024
Categorised as Finance News

OpenAI’s Sam Altman says human-level AI is coming but will change world much less than we think

Sam Altman said concerns that AI will one day become so powerful that it dramatically reshapes and disrupts the world are overblown

Published 16 January 2024
Categorised as Finance News

Classic car auction site Bring a Trailer’s sales hit record $1.4 billion even as prices drop

Bring a Trailer’s sales climbed in a rare bright spot for the classic-car market.

Published 16 January 2024
Categorised as Finance News

Stocks making the biggest moves midday: Apple, Goldman Sachs, Morgan Stanley, PayPal and more

These are the stocks posting the largest moves in midday trading.

Published 16 January 2024
Categorised as Finance News

Fed’s Christopher Waller advocates moving ‘carefully’ with rate cuts

The comments, delivered during a speech in Washington, D.C., seemed to counter market anticipation for aggressing easing this year.

Published 16 January 2024
Categorised as Finance News

Stocks making the biggest moves premarket: Goldman Sachs, Morgan Stanley, Apple, Boeing and more

These are the stocks posting the largest moves in early trading.

Published 16 January 2024
Categorised as Finance News

Amazon, Microsoft, Meta and others accused by rivals of not respecting new EU competition rules

A new open letter alleges Big Tech “gatekeepers” like Google, Microsoft, and Apple haven’t done enough to comply with the EU’s strict Digital Markets Act.

Published 16 January 2024
Categorised as Finance News

Morgan Stanley revenue tops estimates, helped by strong investment banking business

Morgan Stanley reported fourth-quarter earnings before the bell Tuesday.

Published 16 January 2024
Categorised as Finance News

Trump is a ‘transactional president’ but may not rock the boat on China, Standard Chartered CEO says

Trump would be “transactional” if he returns to power but is unlikely to blow up Biden’s rebuilding of relations with China, says StanChart’s Bill Winters.

Published 16 January 2024
Categorised as Finance News

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