UK borrowing falls as debt interest payments jump to £8.7bn

As economy reopened, government’s budget deficit reached £22.8bn in June, says ONS Coronavirus – latest updates See all our coronavirus coverage Last modified on Wed 21 Jul 2021 03.34 EDT UK government borrowing fell in June as the reopening of the economy from lockdown fuelled a rise in tax receipts despite a record jump in […]

Oil falls following surge in US gasoline inventories

Fox Business Flash top headlines for April 7 Check out what’s clicking on Oil prices fell on Thursday after official figures showed a big increase in U.S. gasoline stocks, causing concerns about demand for crude weakening in the world's biggest consumer of the resource at a time when supplies around the world are rising. […]

AIG profit falls on catastrophes, travel insurance and COVID impact

Fox Business Flash top headlines for February 16 Fox Business Flash top headlines are here. Check out what’s clicking on Insurance conglomerate American International Group Inc.’s net income swung to a loss on mark-to-market adjustments in hedging programs primarily for certain products sold by its life-insurance unit. Continue Reading Below The company’s closely watched adjusted income fell […]

Cadillac Falls Way Behind BMW, Mercedes, Lexus Again

Cadillac, the luxury car division of General Motors Co. (NYSE: GM), has launched its new “supercars,” as it has done a number of times in the past. It runs so far behind the leaders in the luxury car market, based on sales, that the effort faces impossible headwinds. As last year closed, Cadillac sales fell […]

Best Buy stock falls 4 percent as it ups spending on delivery services

Best Buy said on Thursday it expects profit margins to be under pressure in the second quarter, as it spends more on expanding delivery services to support a surge in online shopping from people staying at home due to the COVID-19 pandemic. The company’s shares, which have gained nearly 60 percent in the last two […]

Oil falls for third day as virus concern outweigh supply cuts

Navarro on coronavirus crisis in China: White House focused on bringing supply chains to US White House Director of Trade and Manufacturing Policy Peter Navarro discusses the impact of coronavirus on the American economy and the steps being taken to fight the spread of the disease as well as maintaining Chinese supply chains. LONDON (Reuters) – […]

nib profit falls 23 per cent as claims offset membership growth

Heath fund nib's half-year net profit after tax has fallen 23 per cent to $57.3 million, as rising hospital claims offset higher revenue from its growing membership base. The insurer's revenue increased by $100 million, or 6.4 per cent, to $1.3 billion in the six months to December 31, as it grew memberships up 1.4 […]

ViacomCBS revenue falls 3% in first quarterly report since merger

Disney has the ‘best chance’ of winning streaming wars: Media analyst Porter Bibb Mediatech Capital Partners managing partner Porter Bibb weighs in on the streaming wars and says Netflix will need to find a buyer soon because they are not making a profit. (Reuters) – ViacomCBS Inc posted a 3% drop in revenue on Thursday as […]