If what goes up must come down, then the urgent question on the minds of many in Europe is when will interest rates begin dropping? For months, rates have been set at the highest in the European Central Bank’s history. Investors have been betting that the central bank will cut rates quite soon — possibly…
Humana surprised Wall Street again on Thursday with a lower-than-expected earnings forecast as insurers that sell Medicare Advantage plans continue to struggle with rising care costs. Shares of several health insurers plunged in early trading after Humana said a spike in care use that hit late last year likely will persist throughout 2024. Humana also…
WASHINGTON — The last time President Joe Biden visited Superior, Wisconsin, he warned of the danger posed by the deteriorating John A. Blatnik Memorial Bridge — pointing out the decades-old corrosion that had weakened the overpass connecting the two port cities in Wisconsin and Minnesota and vowing to fix it. Biden is returning to that…
More Americans filed jobless benefits last week but layoffs remain at historically low levels despite elevated interest rates and a flurry of job cuts in the media and technology sectors. Applications for unemployment benefits rose to 214,000 for the week ending Jan. 20, an increase of 25,000 from the previous week, the Labor Department reported…
Snowballing protests by French farmers crept closer to Paris on Thursday, with tractors driving in convoys and blocking roads in many regions of the country to ratchet up pressure for government measures to protect the influential agricultural sector from foreign competition, red tape, rising costs and poverty-levels of pay for the worst-off producers. Traffic-snarling drive-slows,…
LONDON — You’re in a crowded bar when a thief watches you unlock your iPhone with your passcode, then swipes it. That sinking feeling hits when you realize it’s gone, along with priceless photos, important files, passwords on banking apps and other vital parts of your digital life. Apple rolled out an update to its…
ANKARA, Turkey — Turkey’s central bank raised its key interest rate by another 2.5 percentage points on Thursday, pressing ahead with a series of hikes aimed at combating inflation that reached nearly 65% in December. The bank brought its benchmark rate to 45%. It’s the eighth interest rate hike since President Recep Tayyip Erdogan has…
HELSINKI — Nokia on Thursday reported a double-digit decline in sales and a fall in profit in the last three months of 2023, with the wireless and fixed-network equipment maker saying operators are cutting back on investments into 5G and other technology because of economic uncertainty. The Espoo, Finland-based company reported net profit of 568…
Sports Illustrated’s future comes down to a high-stakes game of chicken between the iconic magazine’s billionaire overlords, The Post has learned. In one corner stands Manoj Bhargava, the founder of 5-Hour Energy and top shareholder of SI publisher The Arena Group, who made a risky bet to withhold paying the licensing fee in a bid…
Skydance Media CEO David Ellison has made a preliminary offer to buy National Amusements, the holding company of the Redstone family, as a way to take control of Paramount Global, Bloomberg News reported Wednesday. Ellison, son of Oracle founder Larry Ellison, has held discussions with Paramount about merging it with Skydance Media, after he takes…
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