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Evergrande has defaulted on its debt, Fitch Ratings says
The credit ratings agency on Thursday downgraded the company and its subsidiaries to "restricted default," meaning that the firm has failed to meet its financial obligations. Fitch said the downgrade reflects the company's inability to…
CEOs of Target, Best Buy, CVS and other retail chains ask Congress for help amid crime
The group called on Congress to pass legislation that would deter criminals from being able to easily resell stolen merchandise, specifically online."As millions of Americans have undoubtedly seen on the news in recent weeks and months,…
Amazon outage disrupts lives, surprising people about their cloud dependency
FOX Business' Grady Trimble reports on which companies were impacted by the AWS outage. Kyle Lerner and his girlfriend sensed something was amiss when they came home Tuesday and found their two Persian-Himalayan cats meowing…
What should I do if my flight has been canceled or delayed?
(CNN) — It has been a tough slog for some air travelers here at the winter holidays rush -- and it may not be over soon. Citing the spike in Omicron variant cases and in some cases bad weather, airlines have been canceling and delaying…
Long lines for Covid-19 testing as Omicron variant looms
As the Omicron variant spreads faster than any other coronavirus variant before it, the Biden White House has been pushing to make tests more accessible. They've made this push for months, but critics say it is not nearly enough. Supply…
Activist firm Engine Capital reportedly pressures Kohl’s to consider sale of online biz
People shop at Kohl's department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California.Liu Guanguan | China News Service | Getty ImagesAn activist is reportedly pressuring Kohl's to consider either a sale…
What’s ahead for the auto industry in 2022?
From shortages of crucial semiconductor chips to shutdowns at major assembly plants, as well as skyrocketing car prices and empty dealerships, 2021 was a year to remember for auto manufacturers and consumers alike. But there were also a…
LIVE MARKETS Chasing the Omicron dip
European stock futures up 1%Dec 6 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comCHASING THE OMICRON DIP (0758…
China’s economy expanded 8.1% in 2021, but growth is slowing
The 2021 growth figure is roughly in line with the expectations set by many economists. And it outstrips the Chinese government's target last year for its economy to expand at least 6%.But GDP expanded just 4% in the last quarter of the…
Goldman profit hit by weaker trading, rising expenses; shares tumble
Jan 18 (Reuters) - Shares in Goldman Sachs Group (GS.N) fell as much as 8% Tuesday after Wall Street's premier investment bank missed quarterly profit expectations, hampered by weaker trading revenues and rising expenses.The share…