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The Big Number: $3.8 Billion
Sep 6, 2024, 11:26 AM
The amount offered by Nordstrom’s founding family to buy its namesake retailer.
Newman: The political gamble on the Nippon-US Steel saga
Sep 6, 2024, 6:25 PM
The union members opposed to Nippon's purchase of US Steel have political leverage at the moment. That will change after the election.
Why Big Pharma is betting on telehealth strategies
Sep 6, 2024, 4:52 PM
The telehealth world is entering a new phase of vertical integration in healthcare.
Clark Halstead, Real Estate Broker Who Broke the Mold, Dies at 83
Sep 6, 2024, 6:23 PM
He employed audacious marketing campaigns to lift his agency into the top tier of New York firms representing luxury properties.
Musk scoffs at Brazil's ban as he dares the world to take on X
Sep 6, 2024, 5:26 PM
(Bloomberg) -- Brazil’s ban of X amid a fight with Elon Musk over disinformation on his prized social-media site offers a cautionary message for other democracies trying to balance freedom of expression with the integrity of information ahead of elections.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025For Tenants, AI-Powered Screening Can Be a New Barr
What is the winter fuel payment and how can I still claim it?
Sep 6, 2024, 5:17 PM
Plans to change winter fuel payments have highlighted the problem of unclaimed pensioner benefits.
Why August jobs report keeps Fed on track for 25 basis point rate cut
Sep 6, 2024, 1:30 PM
A rebound in the job market in August that still showed signs of cooling is likely to keep the Federal Reserve on track to cut interest rates by a quarter percentage point this month.
A Trove of Words to Remember From a Master Obituary Writer
Sep 6, 2024, 4:59 PM
The byline of Robert D. McFadden, who retired on Sunday, has been one of the most distinguished in the history of The Times. Here is a sampler of his artful obituaries.
Nvidia stock tanks 4% amid rough week for chip stocks
Sep 6, 2024, 4:34 PM
Chip stocks led the tech sector lower on Friday to cap what has been a volatile first week of September.
Morgan Stanley Is Fined for First Republic C.E.O.’s Stock Sales
Sep 6, 2024, 4:26 PM
James Herbert was permitted to sell nearly $7 million of shares before First Republic Bank’s demise last year, Massachusetts regulators said.
Stocks sink after jobs report, on track for big weekly losses
Sep 6, 2024, 4:05 PM
The pivotal August jobs report will provide clues to the size of the Fed's rate cut this month and the health of the economy.
Which industries hired the most workers in August?
Sep 6, 2024, 11:07 AM
The U.S. Department of Labor's payroll report for August found that job losses in the manufacturing and retail sectors partially offset gains that were led by construction and health care.
Owner of OnlyFans paid $631m as subscriptions rise
Sep 6, 2024, 3:10 PM
Leonid Radvinsky's huge earnings were revealed in the online platform's latest accounts.
U.S. Job Market Shifts to Lower Gear
Sep 6, 2024, 5:05 AM
Employers added 142,000 jobs in August, fewer than economists had expected, and previous months were revised downward.
Stock Slide as Investors Wrestle With Shifting Bets on Rate Cuts
Sep 6, 2024, 2:43 PM
The stock market “can’t win” at the moment, said Andrew Brenner, head of international fixed income at National Alliance Securities. “Heads I lose, tails I lose.”
Selena Gomez joins billionaire celebrity rich list
Sep 6, 2024, 2:17 PM
The celebrity joins the billionaire ranks thanks to her Rare Beauty make-up business.
U.S. job market slows, but it's not yet a 'three-alarm fire,' economist says
Sep 6, 2024, 2:00 PM
The labor market has shown unambiguous signs of cooling, economists said. Recession could follow if the trajectory continues.
Nvidia stock tanks 5% amid rough week for chip stocks
Sep 6, 2024, 1:51 PM
Chip stocks led the tech sector lower on Friday to cap what has been a volatile first week of September.
Nvidia stocks tanks 5% amid rough week for chip stocks
Sep 6, 2024, 1:51 PM
Chip stocks led the tech sector lower on Friday to cap what has been a volatile first week of September.
Ted Drewes Jr., the Frozen Custard King of St. Louis, Dies at 96
Sep 6, 2024, 1:40 PM
Celebrity chefs and politicians paid tribute to the man behind the extra-thick shake known as the concrete, an intrinsic part of St. Louis summers.
Airlines such as American, United, Delta, face DOT investigation over rewards programs
Sep 6, 2024, 9:19 AM
The Department of Transportation is making four major U.S. carriers hand over details about their rewards programs in order to ensure they aren't deceptive or anti-competitive.
7-Eleven parent rejects acquisition proposal from Canada-based convenience store giant
Sep 6, 2024, 9:02 AM
Seven & i on Friday declined the preliminary proposal that Alimentation Couche-Tard made last month to acquire the Japanese corporate parent of the 7-Eleven convenience store chain.
One of the biggest AI stocks of the year hit with downgrade from JPMorgan
Sep 6, 2024, 12:31 PM
Super Micro stock took another hit as JPMorgan analysts told new investors to stay on the sidelines until uncertainty surrounding the AI high flyer clears up.
How Elon Musk Is Influencing Donald Trump
Sep 6, 2024, 12:21 PM
Their fast-evolving political friendship has become a potential minefield, as Mr. Musk’s sprawling businesses may present conflicts of interest if Mr. Trump is elected in November.
Tucker Carlson Sharply Criticized for Hosting Holocaust Revisionist
Sep 6, 2024, 12:13 PM
Mr. Carlson’s guest on “Tucker on X” made a variety of false claims about the Holocaust and World War II.
Oasis Fans Balked at High Ticket Prices. But Were They ‘Dynamic’?
Sep 6, 2024, 12:03 PM
A regulator said it was opening an investigation into Ticketmaster’s actions, but the company disputed that “dynamic pricing” came into play.
The Big Number: $3.8 Billion
Sep 6, 2024, 11:26 AM
The amount offered by Nordstrom’s founding family to buy its namesake retailer.
Stock market today: Stocks erase gains, head for big weekly losses after jobs report
Sep 6, 2024, 10:37 AM
The pivotal August jobs report will provide clues to the size of the Fed's rate cut this month and the health of the economy.
Royal Mail to hike first-class stamps to £1.65
Sep 6, 2024, 10:28 AM
The company says the price rise is needed as it faces "very real and urgent" financial challenges.
Evercore ISI head of internet research Mark Mahaney reveals his top tech stocks during an appearance on ‘Varney & Co.’
Brazil v Musk: Judge overreach is first salvo in global battle on free speech, activist says
Sep 6, 2024, 5:55 AM
Elon Musk and his allies have argued that the order to block X is unconstitutional in Brazil, and the wider Brazilian Supreme Court will consider the issue to render final decision.
Carl Icahn, Activist Investor, Faces Intense Scrutiny From Wall Street
Sep 6, 2024, 10:01 AM
The value of the 88-year-old activist investor’s company has fallen by nearly $20 billion. Mr. Icahn said that he was “absolutely not selling.”
WASHINGTON (Reuters) -More than 90 company executives, including the chief executives of Yelp and Chobani as well as the former CEOs of PepsiCo, Ford Motor Co and Yahoo!, endorsed U.S. Vice President Kamala Harris for the presidency in a letter released on Friday. Separately, more than 100 current and retired law enforcement officials also backed Harris in her contest against Republican former President Donald Trump ahead of the Nov. 5 presidential election. The company executives, which include the heads of top sports and investment companies, said they were confident that the Democrat would continue to bolster the economy and preserve American democracy.
Red Lobster cleared to exit Chapter 11 bankruptcy protection
Sep 6, 2024, 5:39 AM
After facing significant financial woes and filing for Chapter 11, Red Lobster has been cleared to exit bankruptcy and will be acquired by RL Investor Holdings LLC.
Stock market today: Stocks open higher after jobs report shows more cooling
Sep 6, 2024, 9:36 AM
The pivotal August jobs report will provide clues to the size of the Fed's rate cut this month and the health of the economy.
How to Handle the Delay in the Release of the FAFSA Form
Sep 6, 2024, 9:00 AM
The student financial aid application is expected to be ready by Dec. 1, two months later than usual. Experts offer some tips on what to do in the meantime.
For the Fed, a Sign That the Job Market is Cooling but Not Imploding
Sep 6, 2024, 8:53 AM
Fed officials are hurtling toward a rate cut this month, but Friday’s jobs data left their options open on the size of that reduction.
Stock market today: Nasdaq futures dip lower after jobs report shows more cooling
Sep 6, 2024, 8:50 AM
The pivotal August jobs report will provide clues to the size of the Fed's rate cut this month and the health of the economy.
Stock market today: Nasdaq futures lead markets lower after jobs report shows more cooling
Sep 6, 2024, 8:49 AM
The pivotal August jobs report will provide clues to the size of the Fed's rate cut this month and the health of the economy.
Mixed jobs report adds to US economy concerns
Sep 6, 2024, 8:47 AM
Employers added 142,000 jobs in August, figures show, which was less than expected.
FOX Business’ Charles Payne weighs in on the state of the U.S. economy as the Biden administration continues to tout a healthy labor market.
US economy adds fewer jobs than expected
Sep 6, 2024, 8:36 AM
The US economy added fewer jobs than expected in August while unemployment ticked lower.
Harris Financial Group managing partner Jamie Cox provides his expectations for a rate cut, monetary policy and his outlook on oil prices.
Trumponomics 2.0: Breaking Down Donald Trump’s Economic Plan
Sep 6, 2024, 7:40 AM
Higher tariffs, lower taxes, and more of Elon Musk: The former president outlined his economic vision to an audience of business leaders. But questions abound.
Google abusing ad tech dominance, UK competition watchdog finds
Sep 6, 2024, 6:49 AM
The regulator says anti-competitive practices could be harming online publishers and advertisers.
Stock market today: Nasdaq futures lead markets lower ahead of crucial jobs report
Sep 6, 2024, 6:38 AM
The pivotal August jobs report will provide clues to the size of the Fed's rate cut this month and the health of the economy.
Stock market today: Nasdaq futures lead stocks lower ahead of crucial jobs report
Sep 6, 2024, 6:38 AM
The pivotal August jobs report will provide clues to the size of the Fed's rate cut this month and the health of the economy.
Musician charged with using bots to boost streaming revenue
Sep 6, 2024, 6:24 AM
Prosecutors in the US say he fraudulently earned millions of dollars through billions of streams.
US job market in 'bad shape,' executive recruiter says
Sep 6, 2024, 2:00 AM
The slowing labor market is flashing troubling signs according to a longtime executive recruiter, who says the U.S. is in a "job market recession" right now.
Live Updates: U.S. Job Growth Expected to Rebound
Sep 6, 2024, 5:47 AM
Ahead of a key Federal Reserve meeting to set interest rates, employers added 142,000 jobs in August, fewer than economists had expected, and previous months were revised downward.
Co-Hosts of N.B.A. Player Podcasts Have ‘Best Job on the Planet’
Sep 6, 2024, 5:06 AM
For the friends of some famous athletes, hosting a show can mean a little money, some fame and a whole lot of work.
What Is ‘Agentic’ AI? It Doesn’t Require a Human to Tell It What to Do
Sep 6, 2024, 5:04 AM
So-called agentic artificial intelligence doesn’t require a human to tell it what to do. At least, that’s the idea.
For tech bulls a troubled AI trade is a buying opportunity
Sep 6, 2024, 6:00 AM
A harsh September season and regulatory rumblings have prompted louder invitations to get in on Nvidia.
U.S. Blowback to Nippon Steel-U.S. Steel Merger Vexes Japan
Sep 6, 2024, 5:59 AM
A looming decision in Washington to block Nippon Steel’s merger with U.S. Steel on national security grounds is raising sharp questions in Tokyo.
Broadcom falls amid AI chip surge as revenue stalls
Sep 6, 2024, 5:03 AM
(Reuters) -Chipmaker Broadcom forecast fourth-quarter revenue slightly below Wall Street expectations on Thursday, hurt by sluggish spending in its broadband segment. Despite a sharp rise in orders for its artificial intelligence chips, shares fell nearly 5% in extended trading. California-based Broadcom expects revenue of around $14 billion, while analysts polled by LSEG expected $14.04 billion.
Low Interest Rates Pose Risks for Investors
Sep 6, 2024, 5:07 AM
While rate cuts are welcome in much of the economy, they pose problems for risk-averse investors who relish high money market and bond yields.
China should focus on fighting deflationary pressure, former central bank governor says
Sep 6, 2024, 2:59 AM
China's policymakers need to focus on boosting domestic demand, Yi Gang, former head of the People's Bank of China, said Friday at the Bund Summit in Shanghai.
UK house prices hit two-year high
Sep 6, 2024, 2:41 AM
The recent rate cut has boosted confidence among homebuyers, the UK's largest mortgage lender says.
Second homes for sale treble in Welsh county after council tax hike
Sep 5, 2024, 5:47 PM
There were 135 second homes up for sale in Pembrokeshire in July up from 38 the previous year.
Japan Tries to Reclaim Its Clout as a Global Tech Leader
Sep 6, 2024, 12:00 AM
Japanese chip companies are tapping billions of dollars and collaborating with foreign firms as part of new government policies that look outward.