Market News Explorer
Stay informed with the latest market news and analysis.
Philip Morris: Marlboro owner sells UK inhaler firm over backlash
Sep 17, 2024, 9:33 PM
Philip Morris International bought Vectura Group just three years ago in a deal worth more than £1bn.
California Gov. Newsom Signs Laws Regulating Election A.I. ‘Deepfakes’
Sep 17, 2024, 7:33 PM
The state joins dozens of others in regulating the A.I. fakery in ways that could impact this year’s presidential race.
Billionaire hedge fund manager says he would pull his money from the market if Harris wins election
Sep 17, 2024, 2:59 PM
Billionaire and Trump fundraiser John Paulson said Tuesday he plans to pull his money from the market and put it in cash and gold if Vice President Harris wins the election.
Trump crypto venture unveiling stirs skepticism; few details revealed
Sep 17, 2024, 2:48 PM
Trump held a X spaces forum to discuss his decentralized crypto platform, 'World Liberty Financial' and while attendees were excited, they had questions about the platform
New bank hubs to open but the printers are missing
Sep 17, 2024, 7:03 PM
New rules on branch closures take effect but questions remain over the facilities in shared hubs.
Commentary: Trump’s tariffs would be worse than Biden’s inflation
Sep 17, 2024, 5:12 PM
Voters almost never support candidates who promise to raise their taxes. Yet that's exactly what Donald Trump says he'll do.
LARRY KUDLOW: Right now, with the world on fire, we have neither peace nor strength
Sep 17, 2024, 1:51 PM
FOX Business host Larry Kudlow calls out the Biden-Harris administration's foreign policy agenda on Tuesday's "Kudlow."
Fed rate cut decision risks investor 'angst' — here's what strategists are saying
Sep 17, 2024, 6:05 PM
At the Future Proof festival in California, top investment advisers debated the size of a looming Fed rate cut and how investors should position their portfolios for lower rates.
Stock futures are little changed as Wall Street anticipates a long-awaited Fed rate cut: Live updates
Sep 17, 2024, 6:01 PM
The S&P 500 touched a fresh all-time high during Tuesday's session, but ultimately closed near the flatline.
Weight-loss drug competition heats up with growing pill market
Sep 17, 2024, 5:32 PM
GLP-1 pills are the next frontier for the weight-loss market.
Point72's Steve Cohen is stepping back from trading his own book
Sep 17, 2024, 5:24 PM
The prominent hedge fund investor, who also owns the New York Mets, will continue his role as the co-chief investment officer at Point 72.
Biden won't block potential port strikes on East and Gulf Coast
Sep 17, 2024, 12:56 PM
President Biden won't invoke a national security law to intervene if East Coast and Gulf Coast dockworkers go on strike at the end of the month amid an impasse in negotiations.
Alaska-Hawaiian merger clears DOT, must preserve rewards miles and routes
Sep 17, 2024, 12:52 PM
The Department of Transportation approved the merger between Alaska Airlines and Hawaiian Airlines, provided that the carriers maintain certain conditions.
Caroline Ellison, Star Witness in FTX Case, Should Receive Lenient Sentence, Prosecutors Signal
Sep 17, 2024, 4:17 PM
Ms. Ellison, Sam Bankman-Fried’s former girlfriend and a top executive in his empire, is set to be sentenced on Sept. 24 for her role in the collapse of the crypto exchange.
Alaska Airlines Can Merge With Hawaiian Airlines, U.S. Says
Sep 17, 2024, 3:00 PM
The airlines agreed to maintain some routes and meet other conditions to secure the Transportation Department’s approval of their merger.
Boeing Restarts Labor Negotiations as It Seeks End to Strike
Sep 17, 2024, 10:16 AM
Federal mediators are helping the aerospace manufacturer and leaders of the union representing more than 33,000 workers who went on strike last week reach a deal.
Air Mail, Digital Weekly for the Smart Set, Is Said to Be Exploring a Sale
Sep 17, 2024, 3:02 PM
The company, founded in 2019, is known for its weekend newsletter of deeply reported features, travel recommendations and shopping tips.
$50 Billion in Aid to Ukraine Stalls Over Legal Questions
Sep 17, 2024, 10:49 AM
U.S. and European officials are struggling to honor their pledge to use Russian assets to aid Ukraine.
Stock market today: Stocks hold steady as world awaits Fed decision
Sep 17, 2024, 4:09 PM
Investors are looking to retail sales data for clues to consumer health, the last piece of data that could factor into the Fed's rate decision.
The Fed's biggest interest rate call in years happens Wednesday. Here's what to expect
Sep 17, 2024, 3:50 PM
While markets have made up their mind that the Fed is going to cut, there's a vigorous debate over how far policymakers will go.
U.S. Steel C.E.O. Says Nippon Deal Will Strengthen National Security
Sep 17, 2024, 3:53 PM
David Burritt expressed confidence that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
Boeing stock hovers near 52-week lows amid labor dispute
Sep 17, 2024, 3:49 PM
Boeing's share price hovers near 52-week lows as the plane maker tries to strike a deal with its machinist union.
Stock market today: S&P, Dow mostly flat as world awaits Fed decision
Sep 17, 2024, 3:15 PM
Investors are looking to retail sales data for clues to consumer health, the last piece of data that could factor into the Fed's rate decision.
Revisiting Fed Chair Powell's remarks on immigrants in Springfield, Ohio — and their impact on the economy
Sep 17, 2024, 3:24 PM
Jerome Powell is unlikely to weigh in on baseless charges of Haitian immigrant pet eating this week but the Fed chair has already weighed in on the town at the center of it all: Springfield, Ohio.
LSEG director of consumer research Jharonne Martis discusses the cut in consumer spending as prices remain high on 'Making Money.'
What will a US Federal Reserve interest rate cut mean for me?
Sep 17, 2024, 3:16 PM
The Federal Reserve is poised to cut interest rates for the first time in four years.
BMO Capital Markets chief investment strategist provides a historical perspective of market performance after Fed rate cuts on 'Making Money.'
Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs
Sep 17, 2024, 3:03 PM
While the talks are early and could falter, the move could mean that the country's largest credit card issuer may be about to grow even larger.
Air Mail, Digital Weekly for the Smart Set, Is Said to Be Exploring a Sale
Sep 17, 2024, 3:02 PM
The company, founded in 2019, is known for its weekend newsletter of deeply reported features, travel recommendations and shopping tips.
Top House Republicans demand answers from SEC on regulatory approach to crypto airdrops
Sep 17, 2024, 10:38 AM
Airdropping is when a blockchain project developer sends free tokens directly to a crypto wallet to attract users to a platform, similar to airline miles or credit card points.
Boeing ready to 'hammer out an agreement' as stock hovers near 52-week lows amid labor dispute
Sep 17, 2024, 2:29 PM
Boeing's share price hovers near 52-week lows as the plane maker tries to strike a deal with its machinist union.
Sen. Warren tears into Fed while doubling down on calls for massive rate cut: 'Putting the economy at risk'
Sep 17, 2024, 10:02 AM
Massachusetts Sen. Elizabeth Warren criticized Federal Reserve Chair Jerome Powell for "putting our economy at risk" by delaying rate cuts, and restated calls for a 75-basis point cut.
TrendMacro CEO Don Luskin reacts to Elizabeth Warren's push for bigger Fed rate cuts before the election on 'The Big Money Show.'
FOX Business' Madison Alworth has the details on 'Mornings with Maria.'
Boeing ready 'hammer out an agreement' as stock hovers near 52-week lows amid labor dispute
Sep 17, 2024, 2:09 PM
Boeing's share price hovers near 52-week lows as the plane maker tries to strike a deal with its machinist union.
FOX Business' Edward Lawrence reports on the Fed's highly anticipated monetary policy decision as Democrats demand a bigger interest rate cut before the election.
Planning to delay retirement may not rescue you from poor savings
Sep 17, 2024, 1:20 PM
Many people retire earlier than expected due to unforeseen factors like a layoff or poor health.
Lawmakers are 'demeaning their role' by trying to influence the Fed, House finance chair says
Sep 17, 2024, 1:14 PM
The chair of the House Financial Services Committee said it was an 'outrage' that some politicians are trying to direct the central bank's rate cuts.
Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger
Sep 17, 2024, 12:57 PM
A recent report funded by Bank of America revealed that Latinas contributed $1.3 trillion to U.S. GDP in 2021, and some economists think it could be more.
Interactive Brokers Chairman and founder Thomas Peterffy warns if a Democratic ticket is elected in November, then markets will be 'overextended.'
Circle Squared Alternative Investments' Jeff Sica reads into the market's reaction to Trump's alleged second assassination attempt, the Fed meeting and gold's record highs.
Business Insider investing correspondent Laila Maidan discusses the market rally ahead of the Fed's highly anticipated rate decision and why some investors are concerned over a potential Harris presidency.
Barron's market reporter Jacob Sonenshine breaks down the market as the Fed meeting kicks off and spotlights pharmaceutical company Merck.
US economists send Fed warning on price increases ahead of anticipated rate decision: ‘Be cautious’
Sep 17, 2024, 7:37 AM
Two prominent economists warn that the Federal Reserve reversing course now would be a "disaster" for markets and the greater economy, as inflation may be higher than they think.
Uncrustables Painting by Noah Verrier Sells for $4,999
Sep 17, 2024, 11:30 AM
Noah Verrier’s painting of a sandwich (minus one bite) sold for $4,999. Accused by some of being too commercial, he said he prefers objects “connected to who we are today.”
Investors increasingly expect a soft landing ahead of the Fed's crucial decision
Sep 17, 2024, 11:02 AM
Investors' confidence in a soft landing is growing as markets eye the first interest rate cut from the Federal Reserve since 2020.
Stock market today: S&P nears all-time high stocks rise ahead of Fed decision
Sep 17, 2024, 11:10 AM
Investors are looking to retail sales data for clues to consumer health, the last piece of data that could factor into the Fed's rate decision.
F.D.I.C. Says Banks Need to Keep a Record of Their Fintech Customers
Sep 17, 2024, 10:59 AM
Banks holding customer funds for money management apps should keep track of customers’ identities and balances, the agency says.
Harris Campaign Says She Will Meet the Press (on Her Terms)
Sep 17, 2024, 10:17 AM
The vice president, who has granted few interviews as the Democratic nominee, is now ramping things up. But she is likely to focus on local outlets and nontraditional venues where voters get their news.
Great Hill Capital Chairman Thomas Hayes analyzes new retail sales data and discusses whether Fed rate cuts matter to the market on 'Varney & Co.'
Sam's Club boosting pay for workers
Sep 17, 2024, 6:01 AM
Sam's Club is increasing wages for its frontline workers in an effort to retain staff. This announcement comes ahead of the busy holiday shopping season.
FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle
Sep 17, 2024, 10:01 AM
The rule, aimed at accounts opened by fintech firms that partner with banks, makes the institution maintain records of who owns the account and daily balances.
Disabled Ipswich woman told to repay £5,000 of universal credit
Sep 17, 2024, 4:11 AM
Yvonne Buckley, from Ipswich, says the DWP initially insisted she was entitled to the money.
Stock market today: Dow poised to build on record as stocks rise ahead of Fed decision
Sep 17, 2024, 9:31 AM
Investors are looking to retail sales data for clues to consumer health, the last piece of data that could factor into the Fed's rate decision.
Guardian in talks to sell world's oldest Sunday paper
Sep 17, 2024, 9:27 AM
The Guardian owner is in exclusive talks to sell the Observer newspaper to Tortoise Media.
Rep. Andy Barr, R-Ky., discusses the House focusing on bills aimed at combatting China's aggression, the ongoing TikTok debate, Congress grappling with a looming government shutdown deadline and DHS Secretary Mayorkas' job performance.
Retail sales top Wall Street estimates in August
Sep 17, 2024, 8:33 AM
Tuesday's retail sales report serves as one of the final economic data points as the Federal Reserve mulls how much it will cut interest rates on Wednesday.
Instagram Unveils Sweeping Changes for Users Under Age 18
Sep 17, 2024, 7:46 AM
The app, which is popular with teenagers, introduced new settings and features aimed at addressing inappropriate online contact and content, and improving sleep for users under 18.
Banking Deal Oversight Expected to Get a Major Revamp
Sep 17, 2024, 7:35 AM
The F.D.I.C. and the Justice Department are likely to change how they evaluate mergers and acquisitions in the banking industry.
Instagram Teen Accounts: What to Know About New Privacy Settings
Sep 17, 2024, 8:06 AM
The social media app says new privacy settings and features will create more age-appropriate experiences for youth under 18.
Instagram gives parents more control over teen accounts
Sep 17, 2024, 7:59 AM
Meta says parents will be able to "guide" a safer experience - critics say the firm itself should do more.
A larger Fed cut wouldn't spark worry — but a smaller one might: Morning Brief
Sep 17, 2024, 6:00 AM
Markets have moved to price in a 50 basis point interest rate cut from the Federal Reserve on Wednesday, leaving little surprise if the central bank opts for the larger cut.
The Fed is about to cut rates, but here's why it may not lower mortgage rates much
Sep 17, 2024, 5:00 AM
The steady decline in mortgage rates over the past few months means further declines are unlikely immediately following the Fed's move, housing experts say.
Norway sees electric cars outnumber petrol models
Sep 17, 2024, 7:46 AM
Norway, one of the world's largest oil exporters, now has more electric cars on its roads than petrol-driven ones.
Working from home boosts productivity, Jonathan Reynolds says
Sep 17, 2024, 7:21 AM
Firms should "judge people on outcomes, not presenteeism", Jonathan Reynolds insists.
Stock market today: Dow poised to build on record as US futures rise ahead of Fed
Sep 17, 2024, 7:00 AM
Investors are looking to retail sales data for clues to consumer health, the last piece of data that could factor into the Fed's rate decision.
Stock futures rise as Wall Street awaits retail sales data, Fed policy meeting: Live updates
Sep 16, 2024, 6:01 PM
The Dow Jones Industrial Average closed at a record on Monday.
Federal Reserve kicks off highly anticipated meeting with interest rate cuts on the docket
Sep 17, 2024, 2:00 AM
Interest rate cuts are top of mind for markets as the Federal Reserve's two-day September policy meeting begins Tuesday after Fed Chair Jerome Powell recently signaled cuts are coming.
Jerome Powell appears set to sidestep politics even as he oversees a likely central bank rate cut
Sep 17, 2024, 5:00 AM
Jerome Powell is set to take plenty of incoming political fire from both sides this week. That appears to be just fine with him.
Microsoft bringing more AI technology to its productivity software as it works to monetize investments
Sep 16, 2024, 3:26 PM
Microsoft is bringing more AI power to its productivity apps as it seeks to monetize its vast investments in the technology.
What Fed Interest Rate Cuts Means for Mortgages, Car Loans and More
Sep 17, 2024, 5:04 AM
Here’s what lowered interest rates will mean for your car loans, credit cards, mortgages, savings and student loans.
How the Fed Cutting Interest Rates Affects Banks, Stocks and More
Sep 17, 2024, 5:01 AM
For corporate America, this week’s expected interest rate cut carries risks along with rewards.
Meta Plans to Ban the Russian TV Network RT
Sep 17, 2024, 1:21 AM
The Facebook and Instagram owner said it would bar Russian media outlets including RT, which the U.S. has accused of acting as an intelligence arm.
Harland & Wolff: 'Strong case' to keep yards together
Sep 17, 2024, 3:14 AM
The firm has been heavily loss making since it was bought out of administration five years ago.
Ovo to pay £2.4m over customer complaint failures
Sep 17, 2024, 3:15 AM
Ofgem says nearly 1,400 customers were hit by problems, including long delays in dealing with complaints.
Commentary: 3 charts Kamala Harris ought to memorize
Sep 16, 2024, 3:42 PM
Voters have a dismal outlook for income gains and purchasing power. And it's not just inflation that bothers them.
Tupperware Brands Plans to File for Bankruptcy
Sep 16, 2024, 3:58 PM
(Bloomberg) -- Tupperware Brands is preparing to file for bankruptcy as soon as this week, according to people with knowledge of the plans, following a years-long effort to revive the business amid waning demand.Most Read from BloombergPipeline Fire Near Houston Forces Some Residents to EvacuateLondon Mayor Plans to Pedestrianize Busy Oxford StreetAn Artist Reimagines the Spaces of Childhood, With Thorny ResultsAn Affordable Nomadic Home Design Struggles to Adapt to Urban LifeUS Driving and Cong
China’s ‘Silver Economy’ Is Thriving as Birthrate Plunges
Sep 17, 2024, 12:00 AM
The shrinking population poses threats to growth but has opened opportunities for businesses that serve seniors.