Credit card debt is at an all-time high, putting households near ‘breaking point,’ study shows
Credit card debt hit a record $930.6 billion at the end of 2022, putting households’ finances near a projected breaking point, a new report finds.
Companies enhance benefits to help employees balance their work and caregiving demands
Women bear the burden of caregiving in the U.S., which affects the workforce. Companies are boosting care benefits to help retain and attract workers.
JPMorgan sues ex-senior banker Jes Staley over Jeffrey Epstein ties
The legal maneuver is the latest twist in cases that have embroiled the biggest U.S. bank by assets.
This under-the-radar biotech stock can surge 40% on upcoming cancer treatment data, Wells Fargo says
Upcoming clarity around the firm’s cancer treatment called cabozantinib could drive upside to estimates, the firm said.
Bank of America says Taiwan Semiconductor can ride the generative A.I. boom, jump more than 25%
Taiwan Semi will ride the “structural uptrend” in generative AI opportunities, which will drive demand for several semiconductors.
Barclays upgrades Hilton, says hotel chain can weather macro challenges better than peers
Hilton is a “best-in-class” lodging company with the strongest net unit growth among its competitors, the firm said.
Jefferies double downgrades Etsy, sees stock tumbling 25% as consumer spending slows
Etsy is having to spend more on marketing as the buyer churn rate goes up, the Wall Street firm said.
Fatal Tesla collision with firetruck under federal investigation
Federal vehicle safety regulators initiated a crash investigation into a fatal collision that involved a Tesla Model S sedan and a firetruck in California.
Senate panel advances Eric Garcetti’s nomination for ambassador to India
The 13-8 vote sends Garcetti to the full Senate, where he needs a majority to be confirmed. Senators have questioned his handling of sexual harassment claims.
Comedian sues Ocasio-Cortez for blocking him on Twitter after he catcalled her outside U.S. Capitol
A suit against Rep. Alexandria Ocasio-Cortez for blocking a provocateur on Twitter cites a federal appeals court ruling against Donald Trump in a similar case.
