News - 2024-09-05

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Pavel Durov has hit back at French authorities following his arrest in Paris last week.

Even if the offer was raised "very significantly," Seven & i said the bid does not consider the "multiple and significant challenges" it would face.

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.

Japanese owner of convenience store giant says offer from Canadian rival ‘grossly undervalues’ firm.

China's wealthy want to pursue business opportunities abroad, rather than just investment returns, according to asset managers and consultants.

Pavel Durov, held in France since last month, blamed “growing pains” for the company’s problems and pledged to make improvements.

The US economy added fewer jobs than expected in August while unemployment ticked lower.

Investors are increasingly confident the US economy will achieve a "soft landing." That may not be the case, according to one strategist.

Building hi-tech airline seats has become a huge business in Northern Ireland.

FOX Business host Larry Kudlow reacts to former President Trump's address to the Economic Club of New York on "Kudlow."

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The S&P 500 fell Friday and notched its worst week since March 2023.

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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.’

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.'

In a speech at an economic club Thursday, the former president endorsed the Tesla boss's idea for a task force on government spending

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The streaming boom has massively altered how viewers consume sports.

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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.

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Labor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.

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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.

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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 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.

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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 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 tumbled on Thursday following its quarterly print.

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.

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New York Post elections editor Kelly Jane Torrance and Kingsview Asset Management partner Mario Veneroso compare Trump and Harris’ economic agenda.

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.

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.

The report is a key gauge of the US economy - a top issue in the presidential election.

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High earners may find it tricky to access tax breaks in individual retirement accounts. A workaround may help.

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.

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 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.

Labor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.

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(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

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.

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.'

Labor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.

Labor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.

The Competition and Markets Authority is investigating if Ticketmaster breached consumer protection law.

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.

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The data comes as investors watch for signs of how quickly the Federal Reserve could bring down interest rates.

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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.

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.

Labor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.

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The U-turn comes as the High Street retailer tries to revive its fortunes and win back customers.

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.

Labor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.

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 "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.

Unemployment is still low, but job seekers are competing for fewer openings, and hiring is sluggish. That’s a big turnaround from recent years.

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The Bureau of Labor Statistics, which tracks prices and employment, faces scrutiny after several missteps. Some questions have gone unanswered.

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It’s tough to overstate how much hinges on Friday’s employment update, from the path for interest rates to the economic outlook.

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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 said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit process.

(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.

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Changes to second class deliveries could be allowed to keep the first class service unchanged.

(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