WALL STREET BUSINESS REPORT 3-4

WALL STREET BUSINESS REPORT 3-1

WALL STREET BUSINESS REPORT 3-1

WALL STREET BUSINESS REPORT 2-29

WALL STREET BUSINESS REPORT 2-29

WALL STREET BUSINESS REPORT 2-28

WALL STREET BUSINESS REPORT 2-28

WALL STREET BUSINESS REPORT 2-27

WALL STREET BUSINESS REPORT

ATT To Issue $5 Refunds To Customers Impacted By Network Outage

AT&T says it will give affected customers $5 each to compensate for last week’s network outage. Many customers were left without cellphone service for hours on Thursday. The company now says on its website that customers will get a $5 credit on their account within two billing cycles. The credit doesn’t apply to AT&T Business, prepaid service or Cricket, its low-cost wireless service. AT&T blamed the outage on an error in coding, and says it was not the result of a cyberattack.

Consumers Change Shopping Habits Amid Inflationary Prices

Consumers are pushing back against inflationary prices by changing the way they shop. Fed up with prices that remain about 19% higher-on average-than where they were before the pandemic, consumers are fighting back. In grocery stores, they’re shifting away from name brands to store-brand items, switching to discount stores or simply buying fewer items like snacks or gourmet foods. The trend has been most visible with food and everyday consumer goods like napkins and paper towels. More Americans are opting for used cars as well, forcing some dealers to provide incentives for new car buyers.

WALL STREET BUSINESS REPORT 2-26

WALL STREET BUSINESS REPORT 2-23

WALL STREET BUSINESS REPORT 2-23

WALL STREET BUSINESS REPORT 2-22

WALL STREET BUSINESS REPORT 2-22

WALL STREET BUSINESS REPORT 2-21

WALL STREET BUSINESS REPORT 2-21

WALL STREET BUSINESS REPORT 2-20

WALL STREET BUSINESS REPORT 2-20

WALL STREET BUSINESS REPORT 2-19

WALL STREET BUSINESS REPORT 2-19

WALL STREET BUSINESS REPORT 2-16

WALL STREET BUSINESS REPORT 2-16

WALL STREET BUSINESS REPORT 2-15

WALL STREET BUSINESS REPORT 2-15

WALL STREET BUSINESS REPORT 2-14

WALL STREET BUSINESS REPORT 2-14

WALL STREET BUSINESS REPORT 2-13

WALL STREET BUSINESS REPORT 2-13

WALL STREET BUSINESS REPORT 2-12

WALL STREET BUSINESS REPORT 2-12

WALL STREET BUSINESS REPORT 2-9

WALL STREET BUSINESS REPORT 2-9

WALL STREET BUSINESS REPORT 2-8

WALL STREET BUSINESS REPORT 2-7

WALL STREET BUSINESS REPORT 2-7

UBS reports pretax loss in 4Q, plans share buybacks

UBS has reported a fourth-quarter pretax loss of more than $750 million. The loss comes as the Swiss banking giant continues to integrate its longtime rival Credit Suisse after a government-orchestrated merger. The Zurich-based lender reported losses before taxes of $751 million in the quarter. That included losses of more than a half-billion dollars linked to an investment in SIX Group, which operates Switzerland’s main stock market.

BP earned $3 billion at end of 2023, but annual profit fell sharply

Oil and natural gas giant BP has beat expectations with earnings of $3 billion in the last three months of 2023. London-based BP reports its underlying replacement cost profit is down from $3.3 billion in the previous quarter. It brought in $13.8 billion for all of last year, halving the $27.7 billion it earned in 2022, when Russia’s war in Ukraine sent oil and natural gas prices surging. Those prices drove inflation and contributed to a cost-of-living crisis.

WALL STREET BUSINESS REPORT 2-6

WALL STREET BUSINESS REPORT 2-6