Business and Economy

Business and Economy Latest News

Reports show meager profit outlook for midsized US banks
Reports show meager profit outlook for midsized US banks
by  AFP

Banks were among the poorest-performing sectors on Wall Street Thursday, after earnings from midsized lenders pointed to a weakening profit outlook in the aftermath of a recent industry crisis. There was also an increase in the interest rate for deposits that has pinched its profit outlook.

BuzzFeed to close news operation
BuzzFeed to close news operation
by  AFP

BuzzFeed announced Thursday that it was shutting its news division as part of cost-saving cuts, signalling the end of one of the most notable news websites of the internet era. But in late 2011 it founded BuzzFeed News, which won a number of awards and became a symbol of a new wave of internet media companies.

BuzzFeed says shutting down newsroom: CEO memo
BuzzFeed says shutting down newsroom: CEO memo
by  AFP

BuzzFeed announced Thursday that it was shutting its news division, signalling the end of one of the most notable news websites of the internet era. BuzzFeed News was founded in late 2011, and became a symbol of a new wave of internet media companies. pdh/sst

Energy

Money

Industry

Technology

Economy