Average credit card balances top $6,000, a 10-year high, as delinquencies rise
Americans are increasingly leaning on credit to make ends meet, boosting balances and total debt to fresh highs.
Why these three money managers are betting big on AI ETFs
Artificial intelligence ETFs are giving investors a way to trade beyond the traditional tech names.
Rocket Lab pushes to get launch business back on track, with 22 Electron missions booked next year
Rocket Lab’s launch business saw $21.3 million in revenue in the third quarter, with a mid-September mission failure halting the company’s momentum.
Arm reports first post-IPO earnings and the stock is down 7%
Arm reported its first post-IPO earnings on Wednesday that beat Wall Street expectations for sales.
Gambino family Mafia crackdown: 16 arrests by New York feds and Italian authorities
The Gambino organized crime family is one of five Mafia families in New York. Ten alleged Gambino members and associates were charged in Brooklyn federal court.
Microsoft’s GitHub announces Copilot assistant that can learn about companies’ private code
Expert developers and their less experienced peers might be able to spend less time working on proprietary code using GitHub’s Copilot Enterprise — for a fee.
Disney expands cost-cutting plan by $2 billion, posts better-than-expected profit
Investors are looking for updates on Disney CEO Bob Iger’s strategy for the slumping media giant.
Pharmacy walkout organizers help launch national push to unionize pharmacists, technicians
The Pharmacy Guild aims to help staff unionize to address what employees have called unsafe working conditions, including at Walgreens and CVS.
Cleveland Fed launches search for new leader after Mester leaves
Often one of the central bank’s bigger proponents for tighter monetary policy, Mester, 65, will reach mandatory retirement in 2024.
GM’s Cruise is recalling 950 robotaxis after pedestrian collision
GM-owned Cruise recalls 950 robotaxis after pedestrian collision.
