Credit card balances jump 15%, highest annual leap in over 20 years, as Americans fall deeper in debt
In an economy that has produced the highest inflation rate since the early 1980s, Americans are taking on more credit card debt to cover expenses.
House lawmakers call Sam Bankman-Fried, other executives, to testify at hearing on FTX collapse
The House Financial Services Committee is holding a rare bipartisan hearing on the collapse of cryptocurrency exchange FTX in December.
Goldman Sachs says insurance stock Lincoln National is a buy that can jump almost 35%
The bank said Lincoln Financial can bounce back from an outsized charge that recently shook investor confidence in the stock.
JetBlue plans Paris flights next summer in trans-Atlantic expansion
JetBlue Airways plans to launch flights from New York to Paris next summer.
Microsoft brings casual games Minesweeper and Solitaire to Teams to spruce up virtual meetings
Microsoft is drawing on its classic virtual card game Klondike, once the most popular Windows program, to make Teams more compelling for corporate workers.
Toyota unveils new Prius hybrids amid skepticism of its EV strategy
Moving forward with the Prius as other automakers vow to go all-electric in the years ahead is part of Toyota CEO Akio Toyoda’s electrification strategy.
Elon Musk demands Twitter staff commit to ‘long hours’ or leave: Read the email
Elon Musk gives Twitter employees one day to decide if they want to support him or take three months of severance.
NATO chief says Poland blast likely caused by Ukrainian missile — but not Ukraine’s fault
NATO said there was no indication that the missile strike that hit a Polish border village on Tuesday night was deliberate, saying that Russia was ultimately to blame as it continues to bombard Ukraine with missiles.
Raymond James downgrades Home Depot, says there are challenges ahead despite solid earnings report
Analyst Bobby Griffin downgraded shares of Home Depot to market perform from outperform, foreseeing challenges next year for the housing sector.
Qualcomm is a top semiconductor pick with nearly 20% upside, Credit Suisse says
Analyst Chris Caso initiated the stock with an outperform rating, saying it’s a good pick for investors limiting near term risk compared to other chip names.
