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Meta, TikTok and More Sites Engaged in ‘Vast Surveillance,’ a New FTC Study Finds
Sep 19, 2024, 9:00 AM
Meta, YouTube and other sites collected more data than most users realized, a new report by the Federal Trade Commission finds.
Holiday planning: Would you use AI to help?
Sep 19, 2024, 7:07 PM
Artificial intelligence is being developed to help organise holidays, but is it any good?
Economy worries swirl after 'painful' Budget warning
Sep 19, 2024, 7:06 PM
Some economists have linked a drop in consumer confidence to officials' warnings of a painful Budget.
Tupperware (the Brand) May Fail. Tupperware (the Word) Will Survive.
Sep 19, 2024, 6:45 PM
The company behind the resealable containers filed for bankruptcy, but the term outgrew its origins decades ago.
Nike Names Elliott Hill as CEO, Replacing John Donahoe
Sep 19, 2024, 6:38 PM
Elliott Hill, an executive who left the company after Donahoe’s appointment in 2020, will return as chief executive, Nike’s board said.
Nike boss steps down as company veteran returns
Sep 19, 2024, 6:23 PM
The company looks to shake things up as demand for its trainers falters in international markets.
Stock futures are little changed after Dow closes above 42,000 for the first time: Live updates
Sep 19, 2024, 6:04 PM
The S&P 500 reached a fresh record high on Thursday, supported by the Federal Reserve's oversized rate cut and jobless claims that were below estimates.
Nike's new CEO: What to know
Sep 19, 2024, 5:57 PM
Nike has pulled longtime company veteran Elliott Hill out of retirement to serve as president and chief executive, replacing CEO John Donahoe.
Nike names former executive Elliott Hill as CEO
Sep 19, 2024, 5:01 PM
Nike named a new CEO as Wall Street has questioned the company's plan to reinvigorate sales growth.
Nike names company veteran Elliott Hill as new CEO; John Donahoe to retire
Sep 19, 2024, 4:22 PM
Hill was at Nike for 32 years and held senior leadership positions across Europe and North America and was responsible for helping grow the business to more than $39 billion, Nike said. Hill previously was president, consumer marketplace at Nike, leading all commercial and market operations for Nike and Jordan brand, before retiring in 2020. Donahoe was tasked with bolstering Nike's online presence and drive sales through direct-to-consumer channels.
Jerome Powell says the Fed can cut rates but it can’t fix the housing crisis
Sep 19, 2024, 4:14 PM
“This is not something that the Fed can really fix,” he said after delivering a historic rate cut.
Dow hits 42,000 for first time in Fed fueled run
Sep 19, 2024, 4:17 PM
Investors celebrated the Federal Reserve's super-sized interest rate cut and what is likely the start of a longtime coming easing cycle that should lower borrowing costs for consumers and businesses.
Online Passport Renewal and Digital Driver’s Licenses: A Travel Docs Update
Sep 19, 2024, 4:27 PM
New options have arrived, for both U.S. passports and driver’s licenses, that may give travelers more flexibility.
Donald Trump said he would not sell his Truth Social stock. But he technically can starting Thursday.
Sep 19, 2024, 4:21 PM
Trump maintains a roughly 60% stake in Trump Media & Technology Group, which trades on the Nasdaq under the ticker symbol "DJT."
Stock market today: Dow, S&P 500 close at record highs, Nasdaq surges amid rate cut euphoria
Sep 19, 2024, 4:10 PM
Wall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
Fed's Powell: policymakers noted 'artificially high' jobs data, revisions in rate cut decision
Sep 19, 2024, 3:41 PM
Fed Chair Jerome Powell noted that policymakers weighed recent downward revisions to employment figures when assessing the health of the labor market ahead of their rate cut decision.
Fed's Powell says immigration surge boosted unemployment rate
Sep 19, 2024, 3:59 PM
Fed Chair Jerome Powell said at a press conference that the influx of migrants into the U.S. has contributed to the rise in the unemployment rate as they enter the labor market.
Uber to provide delivery for Olive Garden in new partnership
Sep 19, 2024, 3:53 PM
Darden Restaurants plans to start delivering Olive Garden food via Uber later this year, according to a Thursday announcement from the company.
Simpler Trading VP of Options Danielle Shay analyzes the options market after the Fed's big rate cut on 'Making Money.'
Grant's Interest Rate Observer editor Jim Grant discusses the obstacles facing the Fed after its 50 basis point rate cut on 'Making Money.'
Mortgage rates inch closer to 6% following Fed rate cut
Sep 19, 2024, 12:28 PM
The average rate on a 30-year loan fell to 6.09% this week, according to Freddie Mac. Mortgage rates have been falling over the last few months in anticipation of the Fed rate cut that came Wednesday.
Nvidia, AMD stocks lead tech rally after Fed rate cut
Sep 19, 2024, 2:55 PM
AI chipmakers Nvidia and Advanced Micro Devices led the tech stock rally Thursday, following the Federal Reserve’s sizable, 50 basis point interest rate cut.
Should You Refinance Your Mortgage After the Fed’s Interest Rate Cut?
Sep 19, 2024, 2:07 PM
People who bought homes in the past two years may want to seek a lower interest rate. Here’s how to think it through — and how to shop.
Nintendo and Pokémon Sue Palworld Maker for Patent Infringement
Sep 19, 2024, 1:48 PM
Palworld, a video game mocked as “Pokémon with guns,” became one of the most popular games in the world when it was released in January.
The Fed just convinced markets it's not behind the curve
Sep 19, 2024, 1:14 PM
The Fed eased any prevailing investor concerns that it's aggressively cutting interest rates because it believes an economic slowdown is on the horizon.
Alan Bates calls for subpostmaster claims to be settled by March
Sep 19, 2024, 1:10 PM
The campaigner says it is time for a commitment for certain claims to be paid out over the next six months.
Sen. Bill Hagerty, R-Tenn., argues that the Democrats condemning Israel has to do with appeasing the far-left sector of the Party.
Stocks Rally a Day After Fed’s Big Interest Rate Cut
Sep 19, 2024, 12:28 PM
The S&P 500 had already been climbing as investors grew more confident that the Federal Reserve would cut interest rates by half a percentage point. Thursday’s gain put the index in range of a closing record.
Backlash Erupts Over Europe’s Anti-Deforestation Law
Sep 19, 2024, 11:03 AM
Leaders around the world are asking the European Union to delay rules that would require companies to police their global supply chains.
Hennion & Walsh Chief Investment Officer Kevin Mahn analyzes the markets following the Federal Reserve’s historic rate cut on ‘Varney & Co.’
Mortgage rates fall again, but home sales still lag
Sep 19, 2024, 12:01 PM
Mortgage rates fell again this week with the benchmark 30-year note marching closer to 6%, but the market remains stalled as potential buyers and sellers wait for steeper declines.
30-Year Mortgage Rate Drops to 6.09% After Fed Rate Cut
Sep 19, 2024, 12:02 PM
The decline in mortgage costs, influenced by expectations of the Federal Reserve’s rate moves, could revive interest in buying, selling and remortgaging, economists said.
Boeing strike: 'My $28-an-hour pay isn't enough to get by'
Sep 19, 2024, 11:56 AM
BBC News speaks to Boeing workers on the picket line about why they feel they have no choice but to strike.
Trump visits crypto-themed bar in NYC
Sep 19, 2024, 11:46 AM
Former President Trump paid a visit to a Manhattan bar that’s geared toward cryptocurrency on Wednesday evening as he continued on the campaign trail.
On YouTube, Major Brands’ Ads Appear Alongside Racist Falsehoods About Haitian Immigrants
Sep 19, 2024, 11:43 AM
Large organizations and brands saw their advertising dollars funneled to videos amplifying inflammatory narratives, underscoring how difficult it can be to maintain brand safety online.
BofA only top brokerage to raise forecast for Fed's 2024 rate cuts
Sep 19, 2024, 8:54 AM
(Reuters) -BofA Global Research was the only major brokerage to raise its forecast for the Federal Reserve's anticipated interest-rate cuts for the rest of 2024, a day after the U.S. central bank delivered an outsized cut. The Wall Street brokerage said it expects a 75-basis point reduction in the fourth quarter, compared with its earlier forecast for two 25-bp cuts in the Fed's November and December meetings. Fed policymakers themselves have projected the benchmark interest rate will fall by another half a percentage point by 2024-end.
Disney Animation Boss Steps Down to Focus on ‘Frozen’ Sequels
Sep 19, 2024, 11:30 AM
Walt Disney Animation Studios is replacing Jennifer Lee, its chief creative officer, after an uneven six-year tenure.
Weekly applications for US jobless benefits fall to the lowest level in 4 months
Sep 19, 2024, 8:40 AM
The number of Americans applying for unemployment benefits fell to their lowest level in four months last week. Jobless claims slid by 12,000, to 219,000, for the week of Sept. 14, the Labor Department reported Thursday. Weekly filings for unemployment benefits, considered largely representative of layoffs, had risen moderately since May before this week's decline.
Bank stocks rise on Fed rate-cut rally
Sep 19, 2024, 11:20 AM
US bank stocks surged Thursday following a jumbo rate cut from the Federal Reserve, a sign of bullishness among investors who now expect an easing of monetary policy will boost Wall Street giants and smaller regional lenders.
Donald Trump said he would not sell his Truth Social stock. But he technically can starting today.
Sep 19, 2024, 11:11 AM
Trump maintains a roughly 60% stake in Trump Media & Technology Group, which trades on the Nasdaq under the ticker symbol "DJT."
Olive Garden parent Darden, Uber stocks pop after delivery deal announcement
Sep 19, 2024, 11:07 AM
Darden and Uber stocks jumped Thursday after the announcement of a multi-year food delivery partnership.
What to Know About Trump Media Stock and Shareholders as Lockup Expires
Sep 19, 2024, 11:03 AM
Donald J. Trump, the company’s largest shareholder, has said he won’t sell when a lockup agreement expires on Thursday. But other large investors could.
Tesla’s Chinese rival Nio cuts price for new Onvo-branded car
Sep 19, 2024, 10:50 AM
There's yet another Chinese electric car aiming to undercut Tesla, with a steeper discount.
Heritage Foundation research fellow and economist EJ Antoni discusses whether politics plays a part in Fed rate cuts and analyzes Trump's tax policy on 'Varney & Co.'
Woodshaw Financial Group principal D.R. Barton discusses whether the Federal Reserve's rate cut will stop the economic slowdown and lead to a market rally on 'Varney & Co.'
Stock market today: Dow surges 500 points as Fed-fueled stocks set sights on records
Sep 19, 2024, 9:56 AM
Wall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
Stock market today: Dow, S&P 500, Nasdaq surge as Fed fires up rally
Sep 19, 2024, 9:31 AM
Wall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
Amazon Joins Motion Picture Association
Sep 19, 2024, 9:00 AM
The Motion Picture Association has been wooing the company for years. The addition gives the group a lot more muscle.
One in five rail passengers forced to stand in morning peak
Sep 19, 2024, 8:30 AM
Official figures show that while commuter numbers have been rising, seating has barely budged.
Has the Fed Pulled Off the Elusive Soft Landing?
Sep 19, 2024, 8:13 AM
Investors have sent stocks and bonds higher on expectations of a soft landing. But some Republicans think the central bank overstepped its bounds.
Gatestone Institute senior fellow Gordon Chang warns over China copying Israel's devices hack in everyday appliances, EVs and cybersecurity.
Bank of England Holds Rates Steady but Signals Gradual Easing
Sep 19, 2024, 7:19 AM
The British central bank has emphasized its intention to move steadily to ensure that inflation continues to slow.
Stock market today: Dow, S&P 500, Nasdaq futures surge as Fed fires up rally
Sep 19, 2024, 6:55 AM
Wall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
Stock market today: Dow, S&P 500, Nasdaq futures surge as Fed fires up rally
Sep 19, 2024, 6:55 AM
Wall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
How Inflation and High Interest Rates Have Changed the Economy
Sep 19, 2024, 5:03 AM
As inflation cools and the Federal Reserve cuts rates, an era of economic upheaval is coming to a close, but not without lingering marks.
Chinese Automakers’ Answer to E.U. Tariffs: Build in Europe
Sep 19, 2024, 5:01 AM
BYD, which leads China’s electric vehicle sector, is constructing a plant in Hungary while its Chinese rivals expand through joint ventures in Europe.
Mortgage rates: When will UK interest rates go down?
Jul 16, 2021, 7:52 AM
Bank of England interest rates affect the mortgage, loan and savings rates for millions of people.
The Fed cut rates by half-point: What to know
Sep 19, 2024, 2:00 AM
The Federal Reserve cut interest rates for the first time in four years, announcing a 50 basis point cut and policymakers forecasting additional cuts amid progress in slowing inflation.
O'Leary calls out Kamala Harris for baiting voters with unrealistic policies that would 'destroy' the economy
Sep 19, 2024, 2:00 AM
O'Leary Ventures Chairman Kevin O'Leary reveals what Kamala Harris' economic agenda could mean for the country, warning it has the potential to 'destroy' America.
Americans hold off on major purchases over election uncertainty
Sep 19, 2024, 2:00 AM
Uncertainty in of itself can make consumers hold off on making any major buying decisions. A perfect example is the uncertainty over who wins the election this November.
How the Fed's rate cut will impact auto loans
Sep 19, 2024, 2:00 AM
The Federal Reserve cut interest rates for the first time in four years on Wednesday, which will directly impact auto loan rates -- but don't expect a big change anytime soon.
The Fed's big cut shows it has learned its lesson: Morning Brief
Sep 19, 2024, 6:00 AM
The Fed didn’t want to be behind the curve again.
Cathay Pacific Airbus fault could have caused major damage, says report
Sep 19, 2024, 5:41 AM
The Hong Kong airline was forced to turn a flight around after an engine problem.
Will the Fed's rate cut bring down mortgage rates?
Sep 19, 2024, 1:09 AM
Potential homebuyers and sellers have been holding off on making a move amid elevated mortgage rates and sky-high prices. But will the Federal Reserve's rate cut make a difference?
After Fed Cuts Rates, Biden Will Claim Credit for Economy’s Strength
Sep 19, 2024, 5:06 AM
The president’s speech on Thursday won’t be a “victory lap,” officials said, but it will celebrate falling inflation and borrowing costs along with solid growth.
Netflix and TikTok boost overseas sales, says Next
Sep 19, 2024, 4:39 AM
The High Street retailer claims entertainment is exposing the global market to different fashions.
Fed outsized rate cut draws muted reaction, but calm may not last
Sep 19, 2024, 1:05 AM
Investors who anticipated furious market swings following the U.S. Federal Reserve's bumper rate cut saw more of a muted reaction. Traders had been facing high uncertainty as they awaited the expected rate cut on Wednesday, with a split between those expecting 50 basis points and 25 basis points. But while market reaction was muted, with stocks and the dollar reversing positions to mostly come full circle, there could be another wave of action.
Stocks Rally Gathers Momentum as Fed Cut Sinks In: Markets Wrap
Sep 19, 2024, 2:00 AM
(Bloomberg) -- Share futures rallied alongside Asian equities on expectations the Federal Reserve’s half-percentage-point interest-rate cut will guide the world’s largest economy toward a so-called soft landing.Most Read from BloombergCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughAOC Proposes $30 Billion Social Housing AuthorityNew York City’s Transit System Plans $65.4 Billion of Upgrades for Grand Central, SubwaysTo Build a Happier City, Design for DensityPipe Fire Near H
What buying Commerzbank would mean for UniCredit — and the banking sector
Sep 19, 2024, 1:02 AM
Analysts have welcomed the move by UniCredit, particularly because a tie-up between the two banks might spur more M&A activity in Europe's banking sector.
Palworld: Nintendo sues 'Pokémon with guns'
Sep 19, 2024, 12:57 AM
The Japanese company alleges that the Palworld video game "infringes multiple patent rights".
Company Investigating Radios Targeted in Lebanon Explosions
Sep 19, 2024, 12:42 AM
The Japanese electronics manufacturer Icom said it stopped making the walkie-talkie model in 2014 and has warned about fake versions for several years.