Latest Business News
Millennial Money: 5 steps to creating financial boundaries during the holidays
Marketing ads, family functions and holiday gift-giving culture can make it feel impossible not to spend, or for some, overspend. According to a 2023 survey from NerdWallet, around half of Americans (52%) incurred credit card debt when shopping for gifts during the holidays last year, and almost a...
New Google geothermal electricity project could be a milestone for clean energy
An advanced geothermal project has begun pumping carbon-free electricity onto the Nevada grid to power Google data centers there, Google announced Tuesday. Getting electrons onto the grid for the first time is a milestone many new energy companies never reach, said Tim Latimer, CEO...
Germany's leader vows fixes for a budget crisis as the economy struggles. But he offers few details
FRANKFURT, Germany (AP) — German Chancellor Olaf Scholz vowed Tuesday that his government will work “as fast as possible” to solve a budget crisis, but he offered few details on how he would achieve his goals of promoting clean energy and modernizing the struggling economy after a court...
Citi Trends: Fiscal Q3 Earnings Snapshot
SAVANNAH, Ga. (AP) — SAVANNAH, Ga. (AP) — Citi Trends Inc. (CTRN) on Tuesday reported a loss of $3.9 million in its fiscal third quarter. The Savannah, Georgia-based company said it had a loss of 47 cents per share. Losses, adjusted for one-time gains and costs, came to 56 cents...
High stakes and glitz mark the vote in Paris for the 2030 World Expo host
PARIS (AP) — In a high-profile showdown, Rome, Busan and Riyadh are the top contenders to become the host city of the 2030 World Expo as the organizing body prepares to hold a vote in the French capital on Tuesday. With the stakes high, each city has escalated its campaign efforts,...
Canaan: Q3 Earnings Snapshot
HAIDIAN DISTRICT BEIJING , China (AP) — HAIDIAN DISTRICT BEIJING, China (AP) — Canaan Inc. (CAN) on Tuesday reported a third-quarter loss of $80.1 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Haidian District Beijing, China-based...
Bank of Nova Scotia: Fiscal Q4 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Bank of Nova Scotia (BNS) on Tuesday reported fiscal fourth-quarter earnings of $997 million. The bank, based in Toronto, said it had earnings of 75 cents per share. Earnings, adjusted for non-recurring costs, were 93 cents per share. ...
Kenya court strikes out key clauses of a finance law as economic woes deepen from rising public debt
NAIROBI, Kenya (AP) — The Kenyan High Court on Tuesday struck out key clauses of a contentious finance law that has been blamed for significantly raising taxes and the cost of living in East Africa’s largest economy. High court judges David Majanja, Christine Meoli and Lawrence...
Elbit: Q3 Earnings Snapshot
HAIFA, Israel (AP) — HAIFA, Israel (AP) — Elbit Systems Ltd. (ESLT) on Tuesday reported net income of $60.7 million in its third quarter. The Haifa, Israel-based company said it had net income of $1.36 per share. Earnings, adjusted for one-time gains and costs, were $1.65 per...
Cities crack down on homeless encampments. Advocates say that’s not the answer
PORTLAND, Ore. (AP) — Tossing tent poles, blankets and a duffel bag into a shopping cart and three wagons, Will Taylor spent a summer morning helping friends tear down what had been their home and that of about a dozen others. It wasn't the first time and wouldn't be the last. ...
