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Telegram CEO Durov says his arrest 'misguided'
Sep 5, 2024, 9:33 PM
Pavel Durov has hit back at French authorities following his arrest in Paris last week.
7-Eleven's parent company rejects takeover proposal, says offer 'grossly undervalues' company
Sep 5, 2024, 11:53 PM
Even if the offer was raised "very significantly," Seven & i said the bid does not consider the "multiple and significant challenges" it would face.
7-Eleven Rejects Takeover Bid from Big Canadian Chain
Sep 5, 2024, 11:40 PM
Japan’s Seven & i Holdings, the operator of 7-Eleven, has rebuffed a buyout offer that would have been the largest foreign-led acquisition of a Japanese company.
7-Eleven owner rejects $38bn buyout offer
Sep 5, 2024, 10:37 PM
Japanese owner of convenience store giant says offer from Canadian rival ‘grossly undervalues’ firm.
China's wealthy are increasingly looking overseas for business investment opportunities
Sep 5, 2024, 9:06 PM
China's wealthy want to pursue business opportunities abroad, rather than just investment returns, according to asset managers and consultants.
Telegram Founder Pavel Durov Defends App in First Comments Since Arrest
Sep 5, 2024, 7:20 PM
Pavel Durov, held in France since last month, blamed “growing pains” for the company’s problems and pledged to make improvements.
August jobs report set to be 'pivotal' factor in Fed's coming cut
Sep 5, 2024, 6:11 PM
The US economy added fewer jobs than expected in August while unemployment ticked lower.
US economy may be on 'thinner' ice than investors think
Sep 5, 2024, 3:45 PM
Investors are increasingly confident the US economy will achieve a "soft landing." That may not be the case, according to one strategist.
Crash dummies and robot arms: How airline seats are tested
Sep 5, 2024, 7:01 PM
Building hi-tech airline seats has become a huge business in Northern Ireland.
LARRY KUDLOW: Donald Trump gave an optimistic, pro-growth, aspirational speech
Sep 5, 2024, 2:07 PM
FOX Business host Larry Kudlow reacts to former President Trump's address to the Economic Club of New York on "Kudlow."
S&P 500 futures are little changed as traders gear up for big August jobs report
Sep 5, 2024, 6:03 PM
The S&P 500 fell Friday and notched its worst week since March 2023.
Forbes Media chair and editor-in-chief Steve Forbes contrasts Vice Kamala President Harris and former President Trump’s economic agendas on ‘The Evening Edit.’
Larry Ellison Will Control Paramount After Skydance Merger
Sep 5, 2024, 5:20 PM
An F.C.C. filing shows that companies affiliated with Mr. Ellison will own most of the voting interest currently held by Shari Redstone.
The Kobeissi Letter editor-in-chief Adam Kobeissi argues recession fears are overblown despite the uptick in volatility on 'Making Money.'
Trump says Musk could head 'government efficiency' force
Sep 5, 2024, 4:04 PM
In a speech at an economic club Thursday, the former president endorsed the Tesla boss's idea for a task force on government spending
We're about to see how fast the sports TV landscape is changing
Sep 5, 2024, 10:28 AM
The streaming boom has massively altered how viewers consume sports.
4 Big Airlines Face U.S. Inquiry Over Frequent Flier Programs
Sep 5, 2024, 4:04 PM
The Transportation Department ordered American, Delta, Southwest and United to share more information about their rewards practices to ensure they are fair to consumers and rivals.
Dow, S&P 500 continue September swoon ahead of pivotal jobs report
Sep 5, 2024, 4:02 PM
Labor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
Trump doubles down on tariff ideas before wary audience
Sep 5, 2024, 3:21 PM
Former President Donald Trump sought to offer a more detailed economic message in a speech Thursday in New York and paid special attention to his oft-criticized program for a new wave of tariffs on US imports from around the world.
Federal Judge Temporarily Blocks Another Pillar of Biden’s Student Debt Plan
Sep 5, 2024, 3:34 PM
The plan would affect millions of borrowers struggling with runaway interest and others who were still paying off loans after decades. It was set to take effect this fall.
OPEC Plus Delays Plan to Increase Oil Output
Sep 5, 2024, 3:16 PM
OPEC Plus will extend its cuts until at least December. Demand has weakened, and other countries, including the United States, are expected to continue to increase production.
Nippon Steel pushes back on national security concerns raised by Biden admin over US Steel purchase
Sep 5, 2024, 10:31 AM
Nippon Steel and U.S. Steel are pushing back on reports their merger would undermine U.S. national security amid reports the Biden-Harris administration is preparing to block the deal.
Hewlett Packard to pursue $4B claim against estate of Mike Lynch, tech entrepreneur who died after yacht sank
Sep 5, 2024, 8:04 AM
Hewlett Packard Enterprise will continue with its efforts to recover damages connected to a civil case against the late British tech entrepreneur Mike Lynch and another individual.
C3.ai stock tumbles 12% amid weak subscription revenue
Sep 5, 2024, 2:18 PM
C3.ai stock tumbled on Thursday following its quarterly print.
Verizon-Frontier deal: How it could impact customers
Sep 5, 2024, 9:44 AM
Verizon on Thursday announced plans to acquire Frontier in a deal valued at $20 billion so it can boost its delivery of mobility and broadband connectivity services.
New York Post elections editor Kelly Jane Torrance and Kingsview Asset Management partner Mario Veneroso compare Trump and Harris’ economic agenda.
JPMorgan top economist says the Fed should cut rates by a half point this month
Sep 5, 2024, 1:14 PM
JPMorgan chief U.S. economist Michael Feroli believes there is a strong case for the Federal Reserve to speed up the pace of rate cuts.
Teenage E-Cigarette Use Continues to Decline
Sep 5, 2024, 1:04 PM
The percentage of middle and high school students reporting that they vaped tobacco products declined to about a third of the peak levels in 2019, a new survey shows.
Why this US jobs report matters and what to watch
Sep 5, 2024, 12:15 PM
The report is a key gauge of the US economy - a top issue in the presidential election.
How high earners can funnel money to a Roth IRA, the 'gold standard' of retirement accounts
Sep 5, 2024, 12:53 PM
High earners may find it tricky to access tax breaks in individual retirement accounts. A workaround may help.
Stuart Varney: Kamala Harris' 'show' is being run by socialists
Sep 5, 2024, 8:31 AM
FOX Business' Stuart Varney analyzed Vice President Kamala Harris' economic plan, arguing that the centerpiece of her policy is to raise taxes and spend taxpayer money.
Mortgage rates stall as home sales remain 'lackluster'
Sep 5, 2024, 8:09 AM
The average rate for a 30-year fixed mortgage remained unchanged at 6.35% this week, failing to spur on purchase demand as many would-be buyers hold out.
Fresh jobs data tests the Fed's mettle
Sep 5, 2024, 11:43 AM
Fresh data out Thursday is raising the question of whether the job market is weakening further—and that could cause the Federal Reserve to cut rates by more than a quarter percentage point when officials meet in less than two weeks.
Stock market today: Dow slumps, Nasdaq whipsaws amid more soft labor market data
Sep 5, 2024, 11:42 AM
Labor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
Trump Media's 69% plunge wipes out billions before lockups end
Sep 5, 2024, 11:26 AM
(Bloomberg) -- The stock price of Donald Trump’s once-high-flying media company is sinking just as the lockup period from its blank-check deal is about to end, potentially flooding a saturated market with even more shares.Most Read from BloombergThe Outsized Cost of Expanding US RoadsHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatTrump Media & Technology Group Corp., which was worth nearly $10 billion in mid-May, has fallen 69% since it
How Swing State Politics Are Sinking a Global Steel Deal
Sep 5, 2024, 10:33 AM
As the Biden administration nears a decision to block the proposed acquisition of U.S. Steel, the debate over national and economic security is being dwarfed by presidential politics.
YouTube restricts teenager access to fitness videos
Sep 5, 2024, 10:13 AM
The platform says it is acting on concerns about teens being over-exposed to "idealised" body types.
Woodshaw Financial Group principal D.R. Barton analyzes Nvidia and reveals what defense stocks he's buying on 'Varney & Co.'
Stock market today: Dow, Nasdaq seesaw amid more soft jobs market data
Sep 5, 2024, 9:50 AM
Labor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
Stocks seesaw after more soft jobs data
Sep 5, 2024, 9:50 AM
Labor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
UK competition watchdog launches Oasis tickets probe
Sep 5, 2024, 9:11 AM
The Competition and Markets Authority is investigating if Ticketmaster breached consumer protection law.
US Chamber names top 100 small businesses in America
Sep 5, 2024, 5:00 AM
The United States Chamber of Commerce has released its list of the top 100 small businesses in America for 2024, which will be narrowed down next month.
Private payrolls post smallest growth since January 2021
Sep 5, 2024, 9:11 AM
The data comes as investors watch for signs of how quickly the Federal Reserve could bring down interest rates.
Start-Up Investors Push Back Against Venture Capital’s Bigger-Is-Better Mantra
Sep 5, 2024, 9:00 AM
A small but vocal group is forming new funds and taking new approaches to counter the swell of money into venture capital in recent years.
Disney leak included personal information for some cruise line workers: report
Sep 5, 2024, 4:37 AM
Details about what was contained in a major Disney data leak from earlier this summer have been revealed by The Wall Street Journal, and include guests and staff information.
Stock market today: Nasdaq, S&P 500 futures slide amid more soft jobs market data
Sep 5, 2024, 8:41 AM
Labor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
John Lewis brings back 'never knowingly undersold'
Sep 5, 2024, 8:02 AM
The U-turn comes as the High Street retailer tries to revive its fortunes and win back customers.
Harris’s Capital Gains Tax Break
Sep 5, 2024, 8:01 AM
The vice president has proposed raising the levy on capital gains, a break from President Biden’s economic agenda, as she tries to keep big donors and progressives on side.
Independent Advisor Alliance CIO Chris Zaccarelli provides his outlook for the economy and the markets as well as his take on jobs data.
Stock market today: US futures steady as investors wait for next wave of data
Sep 5, 2024, 6:48 AM
Labor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
The US dollar's demise has been exaggerated, report finds
Sep 5, 2024, 2:00 AM
A new analysis by JPMorgan found that despite concern about the erosion of the U.S. dollar's international status, the dollar's dominance is likely to continue in the decades ahead.
The market shouldn't cheer a larger rate cut in September
Sep 5, 2024, 6:00 AM
The "Goldilocks" economy where nothing's too hot or cold is the stock market's favorite thing. But recent activity shows the economic temperature cooling off enough a little faster, which could push the Fed to a larger rate cut. And it'd be tricky for markets.
Job Hunting Is a Challenge for Recent College Grads
Sep 5, 2024, 5:07 AM
Unemployment is still low, but job seekers are competing for fewer openings, and hiring is sluggish. That’s a big turnaround from recent years.
BLS Data on Jobs and Consumer Prices Faces a Test of Trust
Sep 5, 2024, 5:07 AM
The Bureau of Labor Statistics, which tracks prices and employment, faces scrutiny after several missteps. Some questions have gone unanswered.
Why This Jobs Report Could Be the Most Pivotal One in Years
Sep 5, 2024, 5:07 AM
It’s tough to overstate how much hinges on Friday’s employment update, from the path for interest rates to the economic outlook.
Tax Policy Becomes a Fault Line for Harris
Sep 5, 2024, 5:08 AM
The vice president is relying on tax proposals as a way to show she is different from both President Biden and her Republican rival, Donald Trump.
Visa debuts a new product designed to protect consumers making bank transfers
Sep 5, 2024, 4:38 AM
Visa said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit process.
S&P 500 risks 5% earnings hit from Harris's tax plan: GS
Sep 5, 2024, 2:21 AM
(Reuters) -Democratic presidential candidate Kamala Harris' proposed corporate tax hike could reduce S&P 500 company earnings by about 5%, with additional taxes potentially hitting profits harder, Goldman Sachs analysts said. Last month, Vice President Harris outlined plans to raise the corporate tax rate to 28% from 21%, in order to ensure "big corporations pay their fair share." Goldman analysts said in a note late on Wednesday that at a 28% taxation rate, they estimate earnings of S&P 500 companies would take a 5% hit.
Second class letter deliveries on Saturdays could be cut
Sep 5, 2024, 2:31 AM
Changes to second class deliveries could be allowed to keep the first class service unchanged.
Stock futures dip as traders tread cautiously
Sep 5, 2024, 1:54 AM
(Bloomberg) -- Stocks whipsawed ahead of US jobs data that will be key in determining the size of a Federal Reserve rate cut in September.Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationThe Outsized Cost of Expanding US RoadsMadrid to Ban E-Scooter Rentals, Following Lead Set in ParisHow Air Conditioning Took Over the American OfficeIn a session of several twists and turns, the S&P 500 finished lower