Business News

The Federal Reserve Bank of New York reports that U.S. household debt has reached a record $17.8 trillion in the second quarter of 2024. Vance Ginn, president of Ginn Economic Consulting, says he is concerned by the number. He points to a number of factors that are exasperating and stretching bank accounts, including wage growth […]

$17-point-eight trillion dollars. That’s the latest number for U-S household debt on, according to the Federal Reserve Bank of New York. And the largest on record. Auto loan and mortgage debt rose and credit card debt reached an all-time high. Important news for investors coming out of Japan today. The country’s central bank signalling it […]

Buca di Beppo, a popular family-style Italian dining brand, announced its decision to voluntarily file for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The filing was made on Aug. 5 in the United States Bankruptcy Court for the Northern District of Texas. The move is aimed at optimizing operations and positioning the brand […]

U.S. consumers added $27 billion in credit card debt during the second quarter of 2024, resulting in the highest level of credit card debt ever measured, $1.14 trillion, according to the Federal Reserve Bank of New York’s Household Debt and Credit Report. While the Fed called the overall increase in household debt “moderate” in its […]

Apple’s lucrative deal with Google could be under threat after a U.S. judge ruled that the Alphabet-owned search giant was operating an illegal monopoly. A potential remedy for Google to avoid antitrust actions could involve terminating the agreement, which makes its search engine a default on Apple devices, Wall Street analysts said on Tuesday. Google […]

Alaska Airlines flight attendants feared passengers had been sucked out of the plane in the chaos following the Jan. 5 mid-air panel blowout on a Boeing 737 MAX 9 jet, according to harrowing testimony released by safety experts on Tuesday. The comments gathered from interviews with attendants—who were not named—were among thousands of pages of […]

WASHINGTON—Boeing said on Tuesday it plans to make design changes to prevent a future mid-air cabin panel blowout like the one in an Alaska Airlines 737 MAX 9 flight in January that spun the planemaker into its second major crisis in recent years. The National Transportation Safety Board and Boeing said they still have not […]

Boeing factory workers say they were pressured to work too fast and asked to perform jobs that they weren’t qualified for, including opening and closing the door plug that later blew off an Alaska Airlines jet. Those accounts from inside the company were disclosed Tuesday, as federal investigators opened a two-day hearing into the blowout, […]

A federal judge ruled that Google’s payments to Apple to make its search engine the default on Apple devices violate U.S. antitrust laws. This could force Google to end its billion-dollar payment to Apple, impacting revenue for both companies and potentially altering the search engine market. NTD spoke with Carl Szabo, vice president of NetChoice […]

Uber reported second quarter gross bookings (the total value of rides, deliveries, and freight services before any deductions) of nearly $40 billion, up 21 percent year-over-year, and an adjusted EBITDA that’s up 71 percent year-over-year.  

A federal judge ruled “Google is a monopolist” after a lengthy legal battle between the company and the Justice Department in league with multiple state attorneys general. NTD spoke with trial attorney Jeremy Rosenthal about the case that addressed Google’s search engine and online advertising business.  

We provide a review of Vice President Kamala Harris and former President Donald Trump’s campaign platforms on inflation.  

The ripple effect continues from the unwinding of a popular trade. JP Morgan and UBS think the unwind is only 50 percent done. Investors are reacting to Japan unexpectedly raising interest rates, for the first time in 15 years. We spoke with Joseph Trevisani, senior analyst at FXStreet, about the unraveling of the carry trade […]

Concerns over a looming U.S. recession are mounting after an unsatisfactory jobs report and a huge hit to the stock market. In 2022, a recession wasn’t declared because of strong jobs data—despite consecutive quarters of GDP contraction. Now, however, poor unemployment data is marking a “psychological shift” from that paradigm, according to Jeffrey Tucker, a […]

NEW YORK—A rising tide swept stocks higher, and calm returned to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst day since 1987. The S&P 500 climbed 1 percent to break a brutal three-day losing streak. It had tumbled a bit more than 6 percent on […]

Elon Musk’s X social media platform filed an antitrust lawsuit against Global Alliance for Responsible Media (GARM), a cross-industry organization that includes the likes of Mastercard, Protcer & Gamble, and Unilever, accusing the group of a “massive advertiser boycott” against X. X CEO Linda Yaccarino also confirmed Tuesday in an open letter to advertisers that […]

We’ve been covering how the unwinding of the yen carry trade has rippled through global markets. JP Morgan and UBS said Tuesday that the unwind is only 50 percent done. For years, investors around the world have been taking advantage of Japan’s 0 percent interest rate policy. The low rates in essence allowed investors to […]