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…
Category: Business
Californians seek relief as heat wave grips state for eighth day
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…
Apple offers adventure watch, satellite SOS iPhone and steady prices
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…
General Motors targets China’s urban rich with luxury imports
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…
U.S. bank regulator warns of crisis risk from fintech proliferation
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.…
A year on, El Salvador’s bitcoin experiment is stumbling
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…
American Eagle earnings disappoint as inflation hits apparel demand
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…