Volkswagen, Renault shares hit by rare 'sell' rating as Chinese competition grows
Shares in Europe's largest carmaker Volkswagen and its French rival Renault dropped sharply Friday after UBS analysts recommended investors dump the stocks, citing the growing threat to their business from Chinese competitors.
2023-09-02 00:55
Walgreens CEO steps down
Walgreens Boots Alliance on Friday said that CEO Rosalind Brewer has stepped down less than three years after taking the helm at the pharmacy chain.
2023-09-02 00:20
China is launching an 'unprecedented' crackdown on corruption in its health industry as economic woes pile up
China has launched a sweeping anti-corruption campaign targeting its hospitals, pharmaceutical industry and insurance funds as it grapples with mounting economic challenges and long-standing public frustration about high costs in the behemoth healthcare sector.
2023-08-25 10:47
S&P downgrades five US banks following Moody's lead
S&P Global Ratings downgraded five regional US banks by one notch and signaled a negative outlook for several others on Monday.
2023-08-22 10:16
Goldman Sachs: A government shutdown would be 'manageable' for the economy. That's why it's likely to happen
Goldman Sachs is warning clients that Washington is on a collision course with its first government shutdown in five years.
2023-08-22 01:56
UK inflation slows to 6.8% but services are getting more expensive
UK inflation slowed sharply for the second month in a row, falling to a 17-month low in July, official data showed Wednesday.
2023-08-16 16:29
China's economic activity slows further in July as recovery stalls
China has reported a slew of disappointing economic data showing another month of tepid growth in the world's second largest economy.
2023-08-15 10:59
Rajasthan: India's gig workers see hope in new state law
Rajasthan state recently passed a law that aims to give social security benefits to gig workers.
2023-08-10 07:46
What does Moody's downgrade mean for markets?
Moody's on Monday evening downgraded 10 US banks and put the credit ratings of six others on review, an indication that the agency could also eventually downgrade those institutions.
2023-08-09 19:59
Former Treasury secretaries react to US credit downgrade
The US economy is resilient, but policymakers need to take the long view on the country's fiscal challenges, three former Treasury secretaries told CNN's Fareed Zakaria.
2023-08-06 22:55
Warren Buffett isn't worried about Fitch's downgrade
Warren Buffett is shrugging off Fitch Ratings' historic downgrade of US credit from the top AAA grade to AA+.
2023-08-03 22:47
Rampant DC dysfunction made America's credit downgrade inevitable
For only the second time in history, America lost its perfect rating on its long-term debt — the exact thing everyone said would happen when lawmakers decided to play chicken with the full faith and credit of the United States.
2023-08-03 17:24