News

Robotics giant ABB 'pretty pessimistic' on China: 'It will be challenging for the rest of the year'

China, a powerhouse of manufacturing often referred as "the world's factory" due to its influence on global trade, is ABB's second-biggest market.

Stocks making the biggest moves after hours: Dell, Lululemon and MongoDB

These are the companies making headlines after hours Thursday.

The IPO downturn is in the 7th inning and a real pickup could arrive soon, Sixth Street CEO says

Alan Waxman, the CEO and co-founder of Sixth Street, believes we're in about the seventh inning of the downturn in the IPO market.

Sixth Street — which manages more than $70 billion — is betting big on sports teams and live events

Alan Waxman, the CEO and co-founder of Sixth Street, talked about his vision in the increasingly crowded sports industry.

Stocks making the biggest moves midday: Tilray, Salesforce, CrowdStrike, Dollar General and more

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

A 'historic' result but still a 'construction site': Analysts react to blowout UBS earnings

UBS shares rallied to 15-year highs on the back of what analysts branded a "historic" earnings report, though Deutsche Bank said the lender may remain a "construction site" for some time.

Student loan interest resumes Sept. 1. What that means for subsidized vs. unsubsidized debt

Interest accrual has been paused on student loans for more than three years. Interest resumes on Sept. 1 and it has big implications for certain types of debt.

Stocks making the biggest premarket moves: Dollar General, Salesforce, Palantir and more

These are the stocks posting the largest moves in the premarket.

China says drop in trade with the U.S. is 'a direct consequence of U.S. moves'

China's ambassador to the U.S., Xie Feng, has blamed U.S. tariffs and export controls for a drop in trade between the two countries.

UBS posts $29 billion second-quarter profit in first results since Credit Suisse takeover

UBS on Thursday posted a second-quarter profit of $28.9 billion in its first quarterly earnings since Switzerland's largest bank completed its takeover of stricken rival Credit Suisse.

Buy now, pay later firm Klarna cuts losses in first half but falls short of profit

Swedish buy now, pay later firm Klarna reduced losses by roughly 67% in the first half of 2023, as it cut costs dramatically in a bid for profitability.

Op-ed: Why the world needs more oil, not less

If oil vanished today, these and many other vital products and services that use oil or its derivatives would vanish too.
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