Private equity-backed firms weather high interest rates, default rates remain low
As of this Thursday, private-equity-backed firms are demonstrating resilience in the face of rising interest rates, largely due to robust…
U.S. stocks are rebounding as Treasury yields ease back
U.S. stocks were rebounding after the previous session’s weakness as Treasury yields eased back. At 9:55 ET (13:55 GMT), the…
Kia and Hyundai recall 3.37M cars in U.S. for fire risk
Korean automakers, Hyundai (KS:005380) and Kia (KS:000270) are recalling a combined 3.37 million vehicles in the United States due to…
Lucid opens first international EV factory in Saudi Arabia
(Reuters) – Electric-vehicle maker Lucid Group (NASDAQ:LCID) said on Wednesday it had opened its first international manufacturing plant in Saudi…
US investors want clarity on Biden’s vague curbs on China tech
(Reuters) – U.S. financial firms are pushing for greater clarity on proposed new rules curbing U.S. investments in some China…
OpenAI considering share sale at a valuation between $80B and $90B – WSJ
OpenAI is reportedly in discussions with investors regarding a share sale that could value the company between $80 billion to…
Consulting firm McKinsey to pay $230 million in latest US opioid settlements
(Reuters) – Consulting firm McKinsey & Co has agreed to pay $230 million to resolve lawsuits by hundreds of U.S.…
U.S. new car sales rise, Tesla leads while Ford and GM lag behind
The U.S. new car market is experiencing a boost in sales, backed by wage growth and employment, according to Cox…
Dollar Tree outperforms Amazon, Walmart, and Costco amid market downturn
In the midst of a market downturn, Dollar Tree (NASDAQ:DLTR) managed to break its loss streak on Tuesday, outperforming other…
Overheating issues plague iPhone 15 Pro due to internal design and titanium finish
Apple (NASDAQ:AAPL)’s latest flagship smartphones, iPhone 15 Pro and iPhone 15 Pro Max, have been reportedly experiencing overheating issues since…