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‘Barron’s Roundtable’ panelists discuss the latest headlines around 23andMe and share top stock picks.
Barron’s associate editors Andrew Bary and Al Root and Barron’s senior writer Elizabeth O’Brien discuss several market topics, including luxury stocks and the Boeing strike on ‘Barron’s Roundtable.'
Qualcomm Asked Rival Intel if It Would Consider Sale
Sep 20, 2024, 7:41 PM
While Intel has struggled in recent years, other chipmakers are thriving because of a boom in demand.
Motel 6 Is Sold to Oyo, an Indian Hotel Company Expanding in the U.S.
Sep 20, 2024, 9:15 PM
A roadside chain for more than 50 years, Motel 6 was owned by Blackstone, the private equity giant. Oyo will pay $525 million in an all-cash deal.
Mark Zuckerberg declares Meta ‘the opposite’ of Apple in comments reigniting Tim Cook feud
Sep 20, 2024, 5:33 PM
Zuckerberg argued Apple seeks out praise over constructive feedback.
Intel Gains on Report That Qualcomm Made Takeover Approach
Sep 20, 2024, 4:41 PM
(Bloomberg) -- Intel Corp. shares climbed after the Wall Street Journal reported that Qualcomm Inc. approached the company about a takeover, a potential record-setting deal for the chip industry.Most Read from BloombergAOC Proposes $30 Billion Social Housing AuthorityThe Moonshot Plan to Eliminate Deaths on America’s RoadsCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportNew York City’s Trans
US SEC intends to seek sanctions against Elon Musk in Twitter probe
Sep 20, 2024, 4:26 PM
In a court filing, the SEC said the sanctions motion would seek an order to show cause for why Musk should not be held in civil contempt for waiting until just three hours before the scheduled Sept. 10 testimony to advise he would not appear. Musk, whose businesses include electric car maker Tesla and rocket company SpaceX, went to Florida's Cape Canaveral that day to oversee the launch of SpaceX's Polaris Dawn mission. Lawyers for Musk called sanctions "drastic" and unnecessary, saying his testimony has already been rescheduled for Oct. 3.
Fed governor explains dissent from 50 basis point rate cut
Sep 20, 2024, 4:19 PM
Federal Reserve Governor Michelle Bowman explained her dissent from the central bank's decision to cut interest rates by 50 basis points, saying she would have preferred a smaller cut.
J&J subsidiary files for bankruptcy to advance $8 billion talc settlement
Sep 20, 2024, 3:55 PM
J&J's Red River Talc unit made its filing in the U.S. Bankruptcy Court for the Southern District of Texas. J&J faces lawsuits from more than 62,000 claimants who alleged that its baby powder and other talc products were contaminated with asbestos and caused ovarian and other cancers. J&J denies the allegations and has said that its products are safe.
2 Stole $230 Million in Cryptocurrency and Went on a Spending Spree, U.S. Says
Sep 20, 2024, 4:08 PM
Malone Lam, 20, and Jeandiel Serrano, 21, schemed to obtain 4,100 Bitcoin from a single victim, federal prosecutors said.
Stock market today: Dow ekes out another record amid winning week for stocks
Sep 20, 2024, 4:13 PM
Rate-cut euphoria is fading amid reminders of risks to growth.
Stock market today: Dow ekes out another record amid winning week
Sep 20, 2024, 4:05 PM
Rate-cut euphoria is fading amid reminders of risks to growth.
Critics Fear Tax Subsidies for Carbon Capture Won’t Be Checked
Sep 20, 2024, 3:53 PM
Some activists are questioning whether the federal government can accurately verify a tax program for facilities that store planet-warming gases.
GM recalling 450,000 trucks, SUVs over brake warning
Sep 20, 2024, 3:30 PM
GM is recalling 450,000 2023 and 2024 trucks and SUVs of varying models due to a faulty brake fluid light apparently caused by a computer issue that doesn't relay the necessary information.
Kingsview Wealth Management CIO Scott Martin discusses market performance following Fed rate cuts on 'Making Money.'
Annex Wealth Management chief economist Brian Jacobson discusses the impact of immigration on the U.S. economy on 'Making Money.'
Greentech Research investment analyst and portfolio manager Hilary Kramer provides her top Big Tech and A.I. stock picks on 'Making Money.'
Nasal Flu Vaccine Is Approved for At-Home Use
Sep 20, 2024, 2:46 PM
The F.D.A. authorized AstraZeneca to prescribe the treatment online for at-home use after a study showed it was feasible.
PubKey founder and co-owner Thomas Pacchia discusses the future of Bitcoin and its potential impact on the U.S. economy.
What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
Sep 20, 2024, 2:13 PM
A Federal Reserve official predicted two more cuts this year if data looked ‘fine’. But he also set out reasons for fewer reductions — or more of them.
Fed dissenter Bowman preferred smaller rate cut because 'we have not yet achieved our inflation goal'
Sep 20, 2024, 1:51 PM
Fed governor Michelle Bowman issued a statement Friday explaining her dissent to this week's jumbo rate cut, saying she wanted a smaller first move because inflation is not yet vanquished.
Three Mile Island nuclear reactor to restart under Microsoft deal
Sep 20, 2024, 1:51 PM
Constellation Energy expects to start delivering power from Three Mile Island to the grid in 2028.
401(k) savers can access one of the 'rare guarantees' in investing, CFP says
Sep 20, 2024, 1:40 PM
Financial advisors often tout a 401(k) match as free money.
Caterpillar makes policy changes in yet another corporate DEI rollback
Sep 20, 2024, 1:03 PM
Caterpillar is rolling back some of its DEI policies following an internal review, with senior leaders required to approve participation in external surveys and speakers.
Fed's Waller: Weak inflation data cemented case for 50 basis point cut
Sep 20, 2024, 12:40 PM
U.S. Federal Reserve Governor Christopher Waller, one of the more ardent voices in the central bank's battle to hike interest rates to tame inflation, said he supported a larger rate cut this week because he is now worried the pace of price increases is undershooting the Fed's target. Waller said that inflation data received during the days ahead of this week's meeting led to estimates that one key measure of inflation the Fed tracks for its 2% target may have run well below that for the four months through August. August PCE data will not be released until next week, but the chief components of it were in hand for the Fed's meeting on Tuesday and Wednesday, allowing officials a good base for estimation.
Stock market today: S&P 500 backs away from record as Fed cheer fizzles
Sep 20, 2024, 1:01 PM
Rate-cut euphoria is fading amid reminders of risks to growth.
ERShares CEO Joel Shulman shares his market outlook and discusses Small-Cap stocks as well as the company launching an ETF that allows investors to buy into public and private equity securities.
Optimal Capital director of strategy Francis Newton Stacey and Aptus Capital Advisors portfolio manager David Wagner react to Janet Yellen claiming mass deportation would raise inflation on 'Cavuto: Coast to Coast.'
Cameron Energy's Arthur Stewart, Tyler Martin and Independent Women's Forum Center for Energy and Conservation director Gabriella Hoffman talk to Fox News Digital about the industry's top concerns ahead of the presidential election.
GE Vernova May Cut 900 Offshore Wind Jobs as It Scales Back
Sep 20, 2024, 12:20 PM
The company, a spinoff from General Electric, has been plagued by financial losses in its wind unit and, more recently, accidents involving the failure of turbine blades.
Capitalist Pig Hedge Fund manager Jonathan Hoenig explains why investing in Africa could be a wise move for investors on 'Varney & Co.'
Michael Lee Strategy founder Michael Lee reacts to Treasury Secretary Janet Yellen saying that mass deportation will drive up inflation and gives his outlook on tech stocks.
F.T.C. Accuses Drug Middlemen of Inflating Insulin Prices
Sep 20, 2024, 12:07 PM
The case takes aim at the major pharmacy benefit managers, agency officials said, claiming that they favored more expensive insulin products and forced patients to pay more.
Rep. Scott Fitzgerald, R-Wis., compares and contrasts Donald Trump and Kamala Harris' respective economic plans and how their polling reflects sentiments of voters.
Evercore ISI head of internet research Mark Mahaney reveals his top Big Tech stocks during an appearance on ‘Varney & Co.’
Fed Governor Waller says inflation softening faster than he expected put him in half-point-cut camp
Sep 20, 2024, 11:37 AM
ISG appoints administrators in the UK
Sep 20, 2024, 11:22 AM
About 2,400 jobs are believed to be risk across the country at ISG.
Dominari Financial CEO Kyle Wool discusses the market's performance following the Fed rate cut and highlights A.I. stocks to watch out for.
Fedex stock plummets after earnings miss, lower outlook flashes warning on economy
Sep 20, 2024, 11:04 AM
The company also lowered its financial outlook for the fiscal year ahead, projecting earnings per share between $20 and $21 versus its prior range of $20 to $22. That sent shares tumbling nearly 15%.
Trump keeps hammering Fed over rate cut: 'It was a political move'
Sep 20, 2024, 10:36 AM
The Republican Presidential candidate is not letting up in his criticism of the Fed following a jumbo-sized half percentage point interest rate cut made less than two months before the November election.
SlateStone Wealth Chief Market Strategist Kenny Polcari provides advice for investors following the Fed rate cut decision and weighs in on former President Trump's proposal for a temporary 10% credit card rate cap.
'The Big Money Show' co-host Taylor Riggs and The Federalist elections correspondent Brianna Lyman discuss AOC's plan to solve America's housing affordability problem on 'Making Money.'
Microsoft chooses site of nuclear accident for power
Sep 20, 2024, 10:31 AM
The 1979 accident at Three Mile Island had cast a shadow on nuclear power in the US for decades.
Former Amazon engineer says company's 5-day return-to-work policy causes employees to rethink jobs
Sep 20, 2024, 9:00 AM
An Amazon engineer left in the midst of the company forcing employees to go back to the office. He was four hours away and didn't want to relocate. He doesn't think he will be alone.
Harrods Will Be Sued by Mohamed al-Fayed’s Alleged Victims, Lawyers Say
Sep 20, 2024, 9:59 AM
Attorneys for 37 women said they would sue Harrods, the luxury department store, over the rape and sexual assault they say its former owner committed.
Pesky medical bill? Most people don't take a key step to manage that debt, study finds
Sep 20, 2024, 9:53 AM
Most people who don't question potential errors on medical bills think doing so won't get results. Evidence suggests otherwise.
Microsoft deal would reopen Pennsylvania nuclear plant, site of 1979 partial meltdown, to power AI
Sep 20, 2024, 9:20 AM
Three Mile Island's Unit 1 reactor is set to be reopened for use following a new deal between Microsoft and Baltimore-based Constellation Energy Corporation.
Nike stock pops after retailer names former executive Elliott Hill as CEO
Sep 20, 2024, 9:43 AM
Nike named a new CEO as Wall Street has questioned the company's plan to reinvigorate sales growth.
Nike CEO changeup has investors optimistic as it returns to its product roots
Sep 20, 2024, 8:19 AM
Product innovation, marketing and regaining market share are three items Hill will need to tackle.
Stock market today: S&P 500, Dow back away from records as Fed cheer fizzles
Sep 20, 2024, 9:47 AM
Rate-cut euphoria is fading amid reminders of risks to growth.
Former Amazon engineer says company's 5-day return to work causes employees to rethink jobs
Sep 20, 2024, 9:00 AM
An Amazon engineer left in the midst of the company forcing employees to go back to the office. He was four hours away and didn't want to relocate. He doesn't think he will be alone.
Is It Better to Buy or Lease a Car? It Depends.
Sep 20, 2024, 9:00 AM
The lowest overall cost is to buy a car and keep it for a long time. But leasing usually has lower monthly costs. And leasing an E.V. may come with a tax break.
American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal, sources say
Sep 20, 2024, 9:00 AM
American has been working with banks and card networks on a new deal with the aim of consolidating its business with a single issuer, sources tell CNBC.
Why Nike Replaced John Donahoe as Its C.E.O.
Sep 20, 2024, 7:55 AM
Investors are hoping that replacing John Donahoe as chief executive will lift its stock price and restore the brand’s cool factor.
China To ‘Gradually’ Resume Imports of Japanese Seafood
Sep 20, 2024, 7:53 AM
China imposed a ban last year after Japan began releasing treated water from the Fukushima nuclear plant into the sea. They have agreed to expand monitoring of the water.
Fox News contributor Brett Velicovich discusses the latest in the Israel war, Iran reportedly hacking the Trump campaign and giving the info to the Biden and Harris campaigns, and the U.S. buying drones from China.
Buy Bonds and Gold as Bubble Risk Returns, BofA Strategist Hartnett Says
Sep 20, 2024, 4:58 AM
(Bloomberg) -- The euphoria in equity markets following the Federal Reserve’s interest-rate cut is stoking the risk of a bubble, making bonds and gold an attractive hedge against any recession or renewed inflation, according to Bank of America Corp.’s Michael Hartnett.Most Read from BloombergAOC Proposes $30 Billion Social Housing AuthorityThe Moonshot Plan to Eliminate Deaths on America’s RoadsCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughNew York City’s Transit System Pla
Stock market today: S&P 500, Dow futures back away from records as Fed cheer fizzles
Sep 20, 2024, 7:07 AM
Rate-cut euphoria is fading amid reminders of risks to growth.
Boeing strike costs set to soar if labor dispute drags on
Sep 20, 2024, 6:00 AM
The ongoing strike by the largest union representing Boeing employees has already cost the company more than $500 million after one week, and those costs are set to escalate.
Kamala Harris' tax plan could cost US nearly 800K jobs
Sep 20, 2024, 6:00 AM
Vice President Harris' tax plan would create disincentives for work and investment that would cost the U.S. economy nearly 800,000 jobs, a Tax Foundation analysis found.
US economic toll of East Coast and Gulf port strike could be billions per day, trade expert warns
Sep 20, 2024, 6:00 AM
National Association of Wholesaler-Distributors CEO Eric Hoplin suggests that the union is being "too unreasonable" as a potential strike could cost the U.S. economy billions.
Ursula von der Leyen, Top E.U. Official, Visits Ukraine
Sep 20, 2024, 6:09 AM
Ursula von der Leyen, the European Commission president, will meet with President Volodymyr Zelensky as stalled talks delay a $50 billion loan to Ukraine.
Bitcoin bulls believe the price will go up no matter who wins in November
Sep 20, 2024, 6:00 AM
The bitcoin faithful see the election as a win-win for crypto no matter the outcome in November.
From the Tetons to the Caribbean, 6 Getaways for Grown-Ups
Sep 20, 2024, 5:03 AM
We found new and revamped adults-only hotels and resorts for those who want to get away from it all.
Now That Rates Are Falling, Let’s Turn to Other Matters
Sep 20, 2024, 5:03 AM
The Federal Reserve has at last cut interest rates but our columnist points out a host of concerns that could weigh on financial markets.
The many challenges facing Jay Powell as he tries to pull off a soft landing
Sep 20, 2024, 4:00 AM
Jay Powell argued this week that the Fed is not 'behind' as it starts rate cuts. His main task in the coming months is to keep that narrative intact if the job market keeps cooling and the economy deteriorates.
Huawei's trifold phone is proving popular among Apple iPhone fans in Beijing
Sep 20, 2024, 4:28 AM
Out of 10 people CNBC talked to, eight said they are interested in both the new Huawei and Apple phones.
Energy workers in key swing state fear a Harris presidency: 'Nobody believes' what she says
Sep 20, 2024, 4:00 AM
Pennsylvania energy workers told Fox News they believe the vice president is 'saying whatever she can' to get votes after her fracking flip-flop.
Government borrowing rises to £13.7bn in August
Sep 20, 2024, 2:26 AM
Higher spending on public services and benefits led to a rise in government borrowing, figures show.
Hezbollah pager blasts: Taiwan says device parts not made on island
Sep 20, 2024, 1:27 AM
The comments come after Taiwanese firm Gold Apollo said it did not make the devices used in the attack.
Olivia Nuzzi, New York Magazine Writer, Put on Leave Over R.F.K. Jr. Relationship
Sep 20, 2024, 12:25 AM
Ms. Nuzzi told her editors about the relationship that had turned personal, the outlet said. A representative for Mr. Kennedy said the pair had met only once.