Articles

Philadelphia Fed factory gauge remains in negative territory for 5th straight month

General activity picked up to negative 10.6 in January from negative 12.8 in prior month

HDFC Bank’s stock bounces, after suffering worst 2-day selloff in 4 years

Shares of HDFC Bank Ltd. bounced Thursday, after disappointment over net interest margins and weaker deposit growth had sent them to their worst two-day performance in nearly four years.

U.S. housing starts fall in December

Construction on new U.S. homes fell 4.3% in December, the Commerce Department said Thursday.

How much do federal student loans cost taxpayers? House Republicans say the government doesn’t know.

Lawmakers are requesting information from the Department of Education about an audit calling out errors in its calculation of the student-loan program’s costs

Jobless claims fall under 200,000 to lowest level in 16 months

The number of Americans who applied for unemployment benefits in mid-January fell to 187,000 and touched the lowest level in 16 months, showing that layoffs remain near record lows.

UPS ‘a good value proposition’ for shippers amid Red Sea attacks, says T.D. Cowen

United Parcel Service Inc. could offer an alternative for shippers impacted by the Houthi attacks on cargo ships in the Red Sea, according to T.D. Cowen analyst Helane Becker.

Humana stock tumbles as Medicare Advantage growth disappoints

Humana shares dropped 14% premarket on Thursday after the giant health insurer slashed its full-year 2023 earnings guidance.

BrightSpring Health Services readies initial public offering at proposed $2.8B valuation

KKR & Co. Inc.-backed home health care service provider BrightSpring Health Service Inc. is expected to price its initial public offering for trading on Friday, in a further sign of a thaw in the IPO market.

Watches of Switzerland’s shares fall by nearly a third after ‘volatile’ Christmas

Shares in Watches of Switzerland plunged by nearly a third on Thursday, after the luxury watch seller warned that sales would be lower than expected after U.K. shoppers eschewed expensive trinkets during the crucial festive season.

Homebuilder M.D.C. being bought by Japan’s Sekisui in a $4.9 billion deal

M.D.C. Holdings' stock rocketed toward a 19-year high Thursday, after the Colorado-based homebuilder announced an agreement to be bought by Japan-based Sekisui House Ltd. in a deal valued at $4.9 billion.

Of all the copyright suits against AI companies, this one could be the game-changer

New York Times case against OpenAI and Microsoft could set industry precedent.

Sam Altman reveals his thoughts on OpenAI’s executive shakeup

The OpenAI chief blamed the pressures of working with "very powerful AI"
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