Tropical Storm Idalia, American Airlines, Goldman Sachs: Top Stories
08/29/2023 04:32
Tropical Storm Idalia is expected to evolve into a Category 3 Hurricane as it nears Florida. The Department of Transportation fined American Airlines (AAL) $4.1 million for 43 instances of flight delays with planes full of passengers taking up space on the tarmac. Goldman Sachs (GS) is selling its personal financial management business unit. Yahoo Finance Live's Akiko Fujita breaks down the top stories of the day.
Reuters
US business borrowing for equipment falls 2% in July - survey
The companies signed up for new loans, leases, and lines of credit worth $9.9 billion last month, compared with $10.1 billion a year earlier, the industry body's survey said. "In the current relatively high-interest rate environment in which the industry finds itself this summer, survey respondents are reporting some softness, coinciding with expectations by economists that overall investment in equipment and software will slow down in the second half of 2023," ELFA Chief Executive Ralph Petta said. ELFA, which reports economic activity for the nearly $1-trillion equipment finance sector, said credit approvals totaled 75.3%, down from 76.1% in June.