Making at least the minimum monthly payment on your credit card balance is a start. If these payments don’t strain your budget, it can be tempting to set them on autopilot and disregard the overall cost of your debt. “Life has become…
The wind power industry is predicting a sharp acceleration in growth this year, according to the Global Wind Energy Council’s (GWEC) annual Global Wind Report. The report highlights incentives and policy changes in key nations, which will help overcome the factors that…
As the Federal Reserve faces an increasingly ambiguous economic environment, marked by banking sector disruptions and persistent inflation, it is tasked with determining whether to continue raising interest rates or implement a pause. The central bank’s decision comes amid rising uncertainties, making…
Longstanding issues at Credit Suisse culminated in an unprecedented stock decline this week, igniting concerns of a banking crisis spreading from the U.S. to Europe. The Swiss bank has faced several problems over the years, from poor hedge fund bets to a…
It was a scene reminiscent of the financial crisis that unfolded nearly 15 years ago: Regulators and policymakers in Washington, alarmed by an emerging banking sector emergency, turned to Wall Street for assistance. This week, the crisis centred on San Francisco’s First…
Ford Motor Co.’s electric vehicle (EV) business has lost $3 billion before taxes during the past two years and is expected to lose a similar amount this year, but the automaker is undaunted, and executives say that its EV unit should be…
The US government’s intervention in the collapse of two central banks has already involved hundreds of billions of dollars. This raises the question of whether ordinary Americans will eventually bear the financial burden and the final cost. It may take months to…
Shares of Credit Suisse saw a significant increase on Thursday after the Swiss National Bank agreed to lend the financial institution up to 50 billion francs ($54 billion) to reinforce confidence in Switzerland’s second-largest bank following the collapse of two American banks.…
TikTok, the Chinese-owned video-sharing app, has updated its content rulebook as it faces increasing pressure from Western authorities over concerns that the platform could be used to push false information. A restructured set of community guidelines containing eight principles to aid content…
Despite concerns surrounding the collapse of U.S. banks and turmoil at Credit Suisse, the European Central Bank (ECB) proceeded with a substantial interest rate hike on Thursday. The ECB raised rates by 0.5%, emphasizing its commitment to combating the soaring 8.5% inflation…