Global Stocks Mostly Higher Following Wall Street's Rally
Business & Markets • 2 days ago
Market sentiment improves as major indices across Europe and Asia trend upward, buoyed by a recent decline in oil prices and strength in AI stocks.
Business & Markets News
Wendy's Franchisee Files for Bankruptcy Amidst Systemic Weaknesses
Business & Markets • 2 days ago
Meritage Hospitality Group, one of Wendy's largest franchisees, seeks Chapter 11 protection, citing rising costs and declining sales within the burger chain's system.
Ineos to Close Hull Chemical Plants Amid Energy Price Surge
Business & Markets • 2 days ago
The company cites soaring natural gas costs as the primary driver for mothballing its UK facilities.
Dividend Cuts Signal Market Caution, WSJ Reports
Business & Markets • 2 days ago
A rise in dividend reductions by companies suggests a potential downturn or a need for greater caution among investors.
Multifamily Apartment Loan Delinquencies Signal Potential Market Distress
Business & Markets • 2 days ago
A significant portion of multifamily apartment mortgages issued in 2021 are now delinquent, raising concerns about the real estate market.
Businesses Face Profit Squeeze Amid Soaring Fuel Prices
Business & Markets • 2 days ago
Companies across the West are struggling to absorb rising fuel costs, leading to reduced margins and difficult operational choices.
Smiths Group Shares Climb on Growth Forecast
Business & Markets • 2 days ago
The industrial-engineering firm's stock experienced a significant rise following projections of accelerated revenue.
Australia Braces for Potential Mortgage Rate Hike as Inflation Surges
Business & Markets • 2 days ago
Major banks forecast a 0.25% increase next week, citing rising oil prices and persistent inflation.
Australian Farm-to-Table Restaurant Closes After 12 Years
Business & Markets • 2 days ago
Mudgee's Zin Food + Wine House will serve its final guests on December 21, with owners citing a desire to reclaim their time after a decade of operation.