UBS on Friday took the decision to sever the backstop the Swiss government gave to absorb Credit Suisse, a bet there are no hidden skeletons that will emerge and hurt the bank in the way Countrywide’s acquisition dragged down Bank of America.
: Regulators open floodgates for driverless taxis in San Francisco, whether they’re wanted or not
Despite opposition by city officials, California regulators approved allowing Waymo and Cruise to offer fared driverless rides across San Francisco, at all hours of the day, with an unlimited number of vehicles.
: Generation Z credit-card debt soars 52% — but that may not be a bad thing. Here’s why.
Credit-card balances for Gen Z consumers — those born between 1995 and 2003 — reached $55 billion in the second quarter.
Earnings Results: Pagaya stock rallies as AI-backed fintech data company raises profitability outlook
Pagaya Technologies shares rallied after hours Thursday after the AI-backed fintech data company’s results.
: NFL+ streaming service raises prices, adds RedZone, NFL Network for 2023
NFL RedZone, the popular live-highlight channel that shows every Sunday-afternoon scoring play, will be offered as an add-on to the NFL+ streaming service this fall.
Next Avenue: Intergenerational living is changing the face of aging, and the housing industry is paying attention
Today an increasing number of entrepreneurs are looking to intergenerational housing as the wave of the housing future.
Market Extra: Tech stocks log worst stretch of losses since December while threatening to unravel 2023’s stock-market rally
The Nasdaq-100, the best performing of the major U.S. equity indexes year-to-date, just capped off its worst two-week stretch since December, according to Dow Jones Market Data.
: Yellow bankruptcy: Treasury’s $700 million pandemic loan is ‘undercollateralized,’ congressman warns
Beleaguered trucking company Yellow Corp. announced its bankruptcy Sunday.
: Ford is going all in on hybrids. Here’s why.
Ford Motor Co. is betting that hybrid vehicles will be a bridge toward an all-EV future — perhaps a longer bridge than most people expect.
Cannabis Watch: Canopy Growth beats analyst targets as its ‘asset-light’ strategy bears fruit, but Curaleaf’s miss weighs on pot stocks
While Canopy Growth continues to post losses, it outperformed analyst expectations as its effort to contain costs starts yielding results Canada
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