Consumer credit jumps in December as card borrowing rebounds
Federal Reserve data showed consumer credit rose $40.8 billion in December, led by a sharp swing back in revolving debt.
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Stocks
ArcBest earnings miss as weaker shipping rates pressure revenue
ArcBest topped last year’s profit but missed Wall Street’s adjusted EPS target as lower revenue per shipment weighed on second-qua...
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Beyond shares rise after $5 million Buy Buy Baby rights deal
Beyond agreed to buy Buy Buy Baby brand assets and bring the name back alongside Bed Bath & Beyond and Overstock.
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Big bank earnings set up Wall Street revenue test after SpaceX IPO
JPMorgan, Bank of America, Goldman and peers are expected to show stronger trading and dealmaking revenue as investors watch wheth...
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SK Hynix drops in Seoul after strong first day on Nasdaq
The memory-chip maker’s Korean shares fell more than 10% as investors assessed pricing gaps between its Seoul and U.S. listings.
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Hibbett slips after quarterly sales fall short of Wall Street view
Hibbett beat profit expectations for the quarter, but weaker sales and same-store sales kept pressure on the stock before the open...
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Hormuz shipping fight puts oil risk back on investors’ screens
A vague U.S.-Iran deal left tanker routes unresolved, and renewed attacks near Hormuz are pushing oil prices higher.
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Greg Brockman takes wider OpenAI role as Simo steps back
OpenAI’s president will keep product oversight as the company faces IPO scrutiny, a rich valuation and tougher AI competition.
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Chinese EV makers widen global factory push as U.S. rivals lag
Chinese automakers are spending more abroad as crowded home-market competition, tariffs and overseas EV demand reshape the industr...
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Bank earnings and inflation reports put the economy back in focus
Banks, Johnson & Johnson and June inflation data will give investors a fresh read on consumers, corporate spending and Fed rate pr...
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New unemployment claims fall to 233,000
Initial jobless claims dropped by 4,000 in late June, undershooting economists’ expectations and reaching their lowest level since...
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Barclays profit rises 18% as bank raises key income target
Barclays beat analyst profit expectations for the third quarter and said it now expects more than £11 billion in net interest inco...
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