America’s credit card debt rose last year as consumers tried to stay afloat amid high inflation and rising interest rates. Total credit card debt in the US will rise to $930 billion by the end of 2022, according to TransUnion’s…
The International Energy Agency (IEA) recently observed that “the energy world is at the beginning of a new industrial era – the era of manufacturing clean energy technologies.” Capitalizing on this opportunity, while also improving energy security and meeting today’s…
BP’s Bernard Looney claims he is “leaning” on a renewables strategy. Lean too far, and people can end up staggering. Energy prices rose last year. But shares of the former UK-listed oil major are far behind US rivals ExxonMobil and…
A Bed Bath & Beyond store in the Brooklyn borough of New York, USA, on February 6, 2023. Bed Bath & Beyond Inc. said it will close another 87 stores in addition to the 150 closures announced in August. Stephanie…
Generation Z is famously open. Born between 1997 and 2012, he has earned a reputation as a vocal voice on politics, equality and pay transparency. It is not surprising given that they have grown up with social media at their…
The price of risky US corporate debt has risen sharply this year as investors bet the Federal Reserve will control inflation without triggering a devastating recession. Yields on U.S. junk bonds — debt sold by businesses with poor credit ratings…
The US has some urgent work to do if it is to secure supply chain reliability and independence from competitors like China, a top White House adviser acknowledged this week. “Look, this is a major concern for the US and…
US-based Alphabet and China-based Baidu publicly announced their rival ChatGPT on Monday as generative AI threatens to throw a bombshell into the world of internet search. In a blog post released Monday, Alphabet CEO Sundar Pichai revealed more details about…
BP has scaled back its industry-leading commitment to cut oil and gas production by 2030 after rising fossil fuel prices helped the British energy company post the highest annual earnings in its 114-year history. The company on Tuesday reported underlying…
BNP Paribas reports 4th quarter 2022 and full year earnings. Miguel Medina Afp | Getty Images BNP Paribas reported Tuesday a 7% increase in net income for 2022 and revised profit targets. The French bank said net profit attributable to…