Latest Business News
Phoenix New Media: Q3 Earnings Snapshot
BEIJING (AP) — BEIJING (AP) — Phoenix New Media Ltd. (FENG) on Tuesday reported a loss of $2.6 million in its third quarter. On a per-share basis, the Beijing-based company said it had a loss of 22 cents. Losses, adjusted for non-recurring costs and stock option expense, came to...
Investcorp: Fiscal Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Investcorp Credit Management BDC, Inc. (ICMB) on Tuesday reported profit of $6.6 million in its fiscal first quarter. The New York-based company said it had profit of 46 cents per share. Earnings, adjusted for investment gains, came to 16 cents per...
Carbon Streaming: Q3 Earnings Snapshot
BURLINGTON, Ontario (AP) — BURLINGTON, Ontario (AP) — Carbon Streaming Corporation (OFSTF) on Tuesday reported a loss of $11.9 million in its third quarter. On a per-share basis, the Burlington, Ontario-based company said it had a loss of 23 cents. Losses, adjusted for...
Japanese regulators disqualify a reactor under post-Fukushima safety standards for the first time
TOKYO (AP) — Japan's nuclear watchdog on Wednesday formally disqualified a reactor in the country's north-central region for a restart, the first rejection under safety standards that were reinforced after the 2011 Fukushima disaster. The decision is a setback for Japan as it seeks to accelerate...
US says it intends to shore up support for Ukraine until Trump takes office
BRUSSELS (AP) — President Joe Biden intends to bolster U.S. military support to Ukraine in the final months of his administration, U.S. Secretary of State Antony Blinken said on Wednesday, after Russia launched a sophisticated missile and drone attack on Kyiv. The U.S. will...
Stock market today: World stocks mixed after Wall Street momentum slows with cooling Trump trade
HONG KONG (AP) — European markets opened higher on Wednesday while Asian stocks followed Wall Street lower as momentum cooled for the torrid “Trump trade” that swept U.S. markets following Donald Trump’s presidential victory. Germany’s DAX edged 0.2% to 19,067.59. In...
Indonesia's volcanic eruption grounds international flights on tourist island of Bali
DENPASAR, Indonesia (AP) — Several international airlines canceled flights to and from Indonesia’s tourist island of Bali on Wednesday as an ongoing volcanic eruption left travelers stranded at airports. Tourists told The Associated Press that they have been stuck at Bali’s...
Trump's economic agenda for his second term is clouding the outlook for mortgage rates
LOS ANGELES (AP) — Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House. The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates through policies aimed at knocking...
Diamond Sports Group will offer single-game pricing to stream NBA and NHL games starting next month
SOUTHPORT, Conn. (AP) — The nation's largest owner of regional sports networks will offer single-game pricing for NBA and NHL games beginning next month. Diamond Sports Group, which owns 16 RSNs, announced Tuesday that the option will be available on its direct-to-consumer...
Explosion at Kentucky business injures 11 workers, shatters windows in surrounding neighborhood
LOUISVILLE, Ky. (AP) — At least 11 employees were taken to hospitals after an explosion Tuesday at a Louisville, Kentucky, plant caused a partial collapse of the building and blew out windows in nearby homes and businesses. The explosion occurred around 3 p.m. at Givaudan Sense...
