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  • Americans struggling to fight recurring charges

    More and more Americans are dealing with recurring charges that they can’t seem to stop, according to CreditCards.com.

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  • Pratt’s $10 Billion Jet Engine Lags GE by 10-to-1 on New Orders
    Business
    Bloomberg17 hours ago

    Pratt’s $10 Billion Jet Engine Lags GE by 10-to-1 on New Orders

    Pratt & Whitney’s $10 billion bet on a new jet engine is faltering after a troubled rollout, and buyers are rushing to a General Electric Co. model instead. The GE turbine has won 10 times as many orders this year to power a narrow-body  Airbus SE plane on which the two suppliers compete head to head. Pratt has signed just one buyer in that span to supply its geared turbofan engine for the aircraft, according to data provided to Bloomberg by Flight Ascend Consultancy. The figures paint a stark picture for Pratt and parent United Technologies Corp., which billed the so-called GTF as a technological breakthrough that was supposed to help reverse GE’s recent market dominance. Instead, weak demand

  • Gold's Rally Against Oil Is Just Beginning
    Business
    Bloombergyesterday

    Gold's Rally Against Oil Is Just Beginning

    In the midst of a tumultuous month in U.S. politics and global security, traders have pushed gold futures to near a nine-month high. “Gold has rallied during the recent market setback and is now testing its key resistance level of $1,300,” Matt Maley, an equity strategist at Miller Tabak & Co., wrote in a note to clients. Net-bullish bets on the metal are the highest since October, according to Commodity Futures Trading Commission data.

  • McDonald's to shut 169 outlets in India amid dispute with local partner
    Finance
    Reutersyesterday

    McDonald's to shut 169 outlets in India amid dispute with local partner

    Fast food chain McDonald's said on Monday it planned to shut all 169 of its restaurants in India's northern and eastern regions, escalating a dispute with its local partner and potentially putting thousands of workers out of jobs. The U.S. company said it was "compelled" to take the action because its partner Connaught Plaza Restaurants Pvt Ltd (CPRL) had breached the terms of their franchise agreements. Vikram Bakshi, managing director of CPRL, told Reuters the decision came as a "big shock" and the company was studying all its legal options.