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Business

GameStop partners with crypto marketplace FTX, posts smaller-than-expected loss

By graphittiorg September 22, 2022September 16, 2022

GameStop Corp (GME.N) on Wednesday reported a smaller-than-expected quarterly loss and a partnership with FTX US to increase its presence in the cryptocurrency space, sending the video game retailer's shares…

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Business

Californians seek relief as heat wave grips state for eighth day

By graphittiorg September 21, 2022September 16, 2022

A man in a heat-stricken suburb of Los Angeles and a woman with two young kids in Pomona were among the Californians desperately seeking cool shelter as extreme temperatures baked…

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Business

Apple offers adventure watch, satellite SOS iPhone and steady prices

By graphittiorg September 20, 2022September 16, 2022

Apple Inc (AAPL.O) on Wednesday avoided price hikes of its best-selling iPhones during its biggest product launch of the year, focusing on safety upgrades rather than flashy new technical specs…

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Business

General Motors targets China’s urban rich with luxury imports

By graphittiorg September 19, 2022September 16, 2022

General Motors has lost its mojo in China. Sales of its flagship Buick, Cadillac and Chevrolet brands have slumped by a third over the past five years to 1.3 million…

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Business

U.S. bank regulator warns of crisis risk from fintech proliferation

By graphittiorg September 18, 2022September 16, 2022

The rise of fintech services and digital banking could spur financial risks and potentially a crisis over the long term, Michael Hsu, Acting Comptroller of the Currency, a major U.S.…

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Business

A year on, El Salvador’s bitcoin experiment is stumbling

By graphittiorg September 17, 2022September 16, 2022

A year after El Salvador adopted bitcoin as legal tender, the area where the world's first cryptocurrency city was meant to be built - a circular metropolis powered by a…

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Business

American Eagle earnings disappoint as inflation hits apparel demand

By graphittiorg September 16, 2022September 16, 2022

American Eagle Outfitters Inc (AEO.N) on Wednesday missed second-quarter profit estimates and said it would pause quarterly dividend as it fortifies its finances against a hit from inflation, sending its…

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