The contraction was significantly larger than expected. Analysts predicted a contraction of around 10%.
Barclays posts fourth-quarter net loss, announces major strategic overhaul
Barclays on Tuesday reported a fourth-quarter net loss of £111 million ($139.8 million) as the British lender announced an extensive strategic overhaul.
Traveling teachers work with families who travel the world — here’s what it pays
Traveling teachers accompany families on extended trips abroad, teaching the kids in half-day sessions while earning up to $10,000 a month.
A shopping trip taught Barbara Corcoran a valuable career lesson: ‘7 simple words made me a much nicer person’
Barbara Corcoran learned a lesson in empathy from her brother while out shopping — and it changed the way she approaches business as a CEO and investor.
Shopping online at 2 a.m.? That’s a red flag for buy now, pay later lender Affirm
Affirm, run by PayPal co-founder Max Levchin, is among a new breed of fintech lenders competing against credit cards issued by banks.
Stocks making the biggest moves midday: Coinbase, Roku, Nike, Super Micro Computer and more
These are the stocks posting the largest moves during midday trading.
Family offices are going on the offensive, trading cash for alternative assets
Their favorite alternatives include private credit, infrastructure, private equity and commodities.
January wholesale prices rise more than expected, another sign of persistent inflation
The producer price index was expected to increase 0.1% in January, according to economists surveyed by Dow Jones.
Stocks making the biggest moves premarket: Super Micro Computer, Dropbox, DoorDash and more
These are the stocks posting the largest moves in premarket trading.
British retail rebound provides some hope for recession-hit economy
Sales rebounded by 3.4% after a grim December, as shoppers sought out sales.