The “microfinance” industry — long touted as a way to help poor, rural communities in developing countries — is pushing tens of thousands of farming families into debt traps as they attempt to adapt to a changing climate, according to a report. The study, conducted by researchers at a group of U.K. universities, looked at
Finance
Workers in protective gear handle a coffin and coffin case at Dongjiao Funeral Parlor, reportedly designated to handle Covid fatalities, in Beijing, China, on Monday, Dec. 19, 2022. Bloomberg | Bloomberg | Getty Images Hong Kong-listed shares of China’s biggest cemeteries operator and funeral service rose to their highest level in more than a year
FTX co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison have both pleaded guilty to federal charges, the U.S. attorney for the Southern District of New York, Damian Williams, said Wednesday. Wang pleaded guilty to conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud and conspiracy to commit securities fraud. Ellison
In this article UAA KMX TSN MU Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: CarMax (KMX) – The auto retailer’s stock slumped 12.7% in the premarket after its quarterly profit and revenue fell well short of estimates. CarMax earned 24 cents per share, compared with a consensus
In this article NTNX AVO META TSLA Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla CEO Elon Musk said he would refrain from selling any more Tesla stock for 18 to 24 months. Musk has sold about $39 billion in stock over the past
Maskot | Maskot | Getty Images Americans who save for college in 529 plans will soon have a way to rescue unused funds while keeping their tax benefits intact. A $1.7 trillion government funding package has a provision that lets savers roll money from 529 plans to Roth individual retirement accounts free of income tax
In this article AVO NTNX TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla service and sales center is shown in Vista, California, June 3, 2022. Mike Blake | Reuters Check out the companies making headlines in midday trading Friday. Energy — Energy stocks outperformed on the S&P 500 following a rise in oil prices,
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT The crypto market has been battered this year, with more than $2 trillion wiped off its value since its peak in Nov. 2021. Cryptocurrencies have been under pressure after the collapse of major exchange FTX. Jonathan Raa | Nurphoto | Getty Images 2022 marked the
In this article AMC UAA TSN Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians pass in front of an AMC theater in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. AMC Entertainment — Shares plummeted 7.4% after the company proposed a reverse stock split and announced a new $110
Damian Williams, US attorney for the Southern District of New York, speaks during a new conference at the US Attorney’s Office-Southern District of New York (SDNY) in New York, US, on Tuesday, Dec. 13, 2022. Jeenah Moon | Bloomberg | Getty Images Federal prosecutors endorsed plans to allow two former Sam Bankman-Fried lieutenants, Gary Wang
In this article GSBD GS Follow your favorite stocksCREATE FREE ACCOUNT The central China city of Taiyuan saw its GDP grow by 10.9% year-on-year in the first three quarters of 2022. Pictured here is a screen displaying details of a new factory in the city. Vcg | Visual China Group | Getty Images BEIJING —
FTX co-founder Sam Bankman-Fried is escorted by corrections officers to the Magistrate’s Court on December 21, 2022 in Nassau, Bahamas. Joe Raedle | Getty Images Sam Bankman-Fried is flying Wednesday night to New York, according to the office of the attorney general of the Bahamas, where he is later expected to be arraigned in U.S.