South Korea’s state-owned nuclear developer has engaged in talks with the UK government regarding the potential construction of a multibillion-pound power plant in Wales. Kepco, South Korea’s largest utility provider, has initiated preliminary discussions with Westminster officials regarding the development ...
The interest rate on many new federal student loans is set to increase to its highest level in more than a decade next year as lenders throughout the economy seek higher returns for borrowing money. On Tuesday, the U.S. Department ...
Sinclair, a major owner of broadcast stations in the U.S., is considering selling over 30% of its holdings, according to sources familiar with the situation. The company has engaged Moelis as its investment banker and has identified more than 60 ...
The implementation of a Consumer Financial Protection Bureau (CFPB) regulation aimed at saving Americans billions of dollars in credit card late fees is facing a final effort to delay its enforcement. In March, the card industry, spearheaded by the U.S. ...
Equinox, the high-end fitness chain, is introducing one of the world’s priciest gym memberships, a $40,000-per-year initiative aimed at enhancing health and longevity. Partnering with lab-test startup Function Health, Equinox is launching “Optimize by Equinox,” a tailored health regimen encompassing ...
On Sunday, former Starbucks CEO Howard Schultz shared his insights on the coffee giant’s disappointing quarterly report, expressing optimism about its recovery potential through enhancements to its U.S. stores. Though Schultz no longer holds an official position at Starbucks, he ...
The Biden administration has introduced new regulations stipulating that Americans purchasing electric vehicles (EVs) cannot claim federal tax credits of up to $7,500 if their vehicles contain Chinese materials. This decision, rooted in a significant 2022 climate law, aims to ...
Warren Buffett continues to express strong support for Apple despite Berkshire Hathaway reducing its stake in the tech giant during the first quarter. At his annual meeting, Buffett lauded Apple, highlighting its exceptional business performance and placing it on par ...
American Airlines reported a loss in the first quarter, but its outlook for the current period exceeded analysts’ expectations. For the second quarter, American anticipates earning between $1.15 and $1.45 per share on an adjusted basis, significantly surpassing the $1.18 ...
Red Lobster, the troubled seafood chain, is actively seeking a buyer in an effort to steer clear of potential bankruptcy proceedings, according to sources familiar with the matter. While contemplating a bankruptcy filing to restructure its debt and extricate itself ...