Average credit card balances jump 10% to a record $6,360, and more consumers fall behind on payments
Americans are increasingly leaning on credit to make ends meet, boosting balances and total debt to fresh highs.
Under Armour shares jump after it raises profit expectations amid sliding sales
Under Armour delivered a mixed set of results for its 2023 holiday quarter after it saw slow sales in its wholesale channel and soft demand in North America.
Las Vegas has invested billions into sports. The question is, will it pay off?
Las Vegas spent billions into becoming a global hub for sports and entertainment. The question is, will it pay off?
Google rebrands Bard AI to Gemini and launches a new app and subscription
Google Bard, a chief competitor to OpenAI’s ChatGPT, is now called Gemini, the same name as the suite of AI models that power it.
Coup nations threaten to quit West Africa bloc: Here’s what it means for the region — and Russia
Three West African countries currently under the rule of military juntas have announced plans to exit the Economic Community of West African States.
Wall Street loves Disney’s kitchen-sink quarter, but Nelson Peltz says he isn’t backing down
Disney shares jumped after announcements meant to excite investors while activist investor Nelson Peltz tells CNBC he is pushing forward with a proxy fight.
Arm shares soar as much as 41% after chip designer gives strong forecast, says AI is boosting sales
Arm’s intellectual property is in nearly every smartphone, many PCs, and thousands of miscellaneous other chips.
Goldman warns these are the most crowded AI-related stocks
The enthusiasm around artificial intelligence has run up the prices for some stocks so high that investors are worried they are becoming overcrowded.
U.S. engineer contacted China before stealing missile tracking tech, DOJ says
The top federal prosecutor in Los Angeles said the engineer earlier offered to give China information that could aid its military.
GM to spend $19 billion through 2035 to source EV battery materials from LG Chem
The contract is likely one of the largest EV supply deals that GM has signed and suggests it remains committed to EVs despite pushing back investments.
