News - 2024-09-24

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More fiscal support is needed, analysts said, after the PBOC surprised markets by announcing plans to cut a number of rates.

Adam Meyers, a senior vice president with the IT firm at the heart of July's mass outage, faced a grilling by US lawmakers.

Crypto currency firms are waiting to see how November's vote will impact upon them.

Blackstone and Vista Equity Partners are acquiring software maker Smartsheet for $8.4 billion in cash, or $56.50 per share; the deal is expected to close in Smartsheet's fiscal fourth quarter.

Advertising standards found the ads were misleading in the way information was presented.

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Nvidia CEO Jensen Huang concluded a planned sale of more than $700 million worth of company stock, regulatory filings Tuesday showed.

Coca-Cola is discontinuing the production of its new Spiced flavor just six months after the soda hit shelves, marking the end of a disappointing attempt to attract younger drinkers.

FOX Business host Larry Kudlow discusses former President Trump's "plan for a new American industrialism" ahead of the 2024 election on "Kudlow."

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Billionaire David Rubenstein warned that the surging costs of servicing the national debt now exceeding defense spending are a sign "the country is in trouble."

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Economic growth is in focus with the three major Wall Street stock averages on track for a winning September.

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The once-dominant chipmaker missed the rise of artificial intelligence and is now a potential takeover target.

Bernstein Private Wealth Management senior investment strategist Roosevelt Bowman explains why there's opportunity in small-cap stocks on 'The Claman Countdown.'

A top adviser to Sam Bankman-Fried, the disgraced founder of FTX, Ms. Ellison pleaded guilty to conspiring with him to steal $8 billion and became a crucial witness for the prosecution.

Investors are weighing the chances of another jumbo interest rate cut and China's launch of aggressive stimulus.

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'Making Money' host Charles Payne argues economists should go to the supermarket before giving their opinion.

Niles Investment Management founder and portfolio manager Dan Niles says whether China's interest rate cut will spur him to buy Chinese stocks on 'Making Money.'

A jury found that the toy giant MGA Entertainment had violated the musicians’ intellectual property rights with its L.O.L. Surprise! O.M.G. dolls.

The Department of Justice said Visa's actions had slowed competition and raised prices across the economy.

Donald Trump took his trade rhetoric to new heights in a series of events this week, doubling down on the possibility of 200% tariffs on Mexican autos and raising the possibility of targeting specific companies if they try to move their manufacturing outside of the US.

Beijing says it suspects US brands are discriminating against Chinese cotton after allegations of forced labour.

The U.S. Department of Justice sued Visa for alleged antitrust violations on Tuesday, accusing one of the world's largest payment networks of suppressing competition by threatening merchants with high fees and paying off potential rivals. Visa processes more than 60% of debit transactions in the U.S., bringing it $7 billion each year in fees collected when transactions are routed over its network, the Justice Department said. The company protects that dominance through agreements with card issuers, merchants, and competitors, prosecutors allege.

Visa and its smaller rival MasterCard have surged in the past two decades, reaching a combined market cap of roughly $1 trillion.

The financial giant, which processes the majority of debit card spending in the United States, unfairly imposed fees on merchants and deterred rivals, the Justice Department said.

The Justice Department filed a lawsuit against Visa on Tuesday, alleging the financial services giant used its clout to maintain a monopoly over the U.S. debit card market.

The 61-year-old executive adopted a trading plan for the sale of up to 6 million Nvidia shares, and he has hit that threshold months ahead of schedule.

Vice President Kamala Harris’s campaign is preparing a lengthy document laying out an economic policy vision as voters say they want to know more about her approach.

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Investors are weighing the chances of another jumbo interest rate cut and China's launch of aggressive stimulus.

UBS financial adviser Ryan Lynch and Michael Lee Strategy founder Michael Lee discuss the risk of recession after the Fed cut interest rates on 'Mornings with Maria.'

RFD-TV's 'The Cow Guy' Scott Shellady analyzes the market's winners and losers, and China's newly released stimulus package.

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U.S. consumer confidence declined across all five components of the Consumer Confidence Index in September, resulting in the largest drop in more than three years.

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JPMorgan Chase CEO Jamie Dimon once again cited global instability as a reason why inflation may not yet be under control, saying that geopolitics is 'getting worse.'

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Madison Ventures Plus managing director Mitch Roschelle discusses whether the commercial property market is coming back to life on 'Varney & Co.'

Nicholas Wealth Management President and founder David Nicholas reveals the stock picks he plans to buy or sell ahead of Tuesday's market open.

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Chinese e-commerce stocks jumped after the country's central bank announced a broad stimulus package. Alibaba, JD.com, and Pinduoduo led the surge.

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Consumer confidence tumbled in September as workers find it increasingly difficult to find a new job.

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Consumer confidence tumbled in September as workers are finding it increasingly difficult to find a new job.

Bahnsen Group managing partner David Bahnsen explains why remote work is going away at every big company that promoted the concept on 'Varney & Co.'

The prime minister has confirmed the state-owned energy company is coming to Aberdeen but many questions remain.

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Ahead of November’s election, Meta has de-emphasized political content on Facebook, Instagram and Threads and doesn’t want to talk about candidates or campaigns.

TC Energy President and CEO Francois Poirier discusses the Biden-Harris administration's war on American energy independence on 'Kudlow.'

Freedom Capital Markets chief global strategist Jay Woods discusses Fed Chair Powell's expected speech, the anticipated release of economic data and shares his market outlook for the rest of the year.

Overwhelmed by queries, physicians are turning to artificial intelligence to correspond with patients. Many have no clue that the replies are software-generated.

Federal officials are trying to boost the energy efficiency of residential and commercial real estate.

Mr. Combs is sleeping in the same dormitory-style room as Mr. Bankman-Fried, the crypto mogul who was convicted of fraud.

Heritage Foundation distinguished fellow and former CKE Restaurants CEO Andy Puzder compares the Trump versus Harris economies and argues that one plan is fiscally better than the other.

Investors are weighing the chances of another jumbo interest-rate cut and China's launch of aggressive stimulus.

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Fed governor Michelle Bowman elaborated in a speech Tuesday about her dissent from last week's jumbo rate cut, saying that she worried that a bigger reduction would send a signal of economic weakness ahead.

No governor had dissented from an interest rate decision since 2005.

The Justice Department is expected to sue the global payments giant as soon as Tuesday, accusing the company of stifling competition.

CEO Brian Niccol will need all of 2025 to get Starbucks get on the right track.

PVH, which owns Calvin Klein and Tommy Hilfiger, is targeted for allegedly avoiding purchases from the region where the Chinese government has cracked down on Muslim minorities.

Investors are weighing the chances of another jumbo interest-rate cut and China's launch of aggressive stimulus.

A project at Stanford points to the need for institutional innovation, especially in government, to increase the odds that A.I. enhances democracy.

Fox News senior strategic analyst Gen. Jack Keane (ret.) explains why the U.S. is sending more troops to the Middle East as the Israel war continues and discusses the latest news from the Ukraine war.

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Potomac Wealth Advisors President and founder Mark Avallone breaks down the 'major headwinds' for the economy ahead of a likely second rate cut at the Fed's November meeting.

Surging federal spending on health care programs like Medicare and Medicaid, as well as Obamacare, prompted Paragon's plan to curb spending by an estimated $2.1 trillion over 10 years.

Another scam has been circulating. This time it's tricking people into believing that they missed a jury summons, which typically has severe consequences.

Many believe they would have to take home at least $100,000 a year to not fret about everyday expenses, newly-released data showed.

Wall Street strategists are increasingly bullish about where the S&P 500 can end the year as the benchmark index continues to hit all-time highs.

Stefan Wittmann, who is also a senior official at German trade union Verdi, told CNBC's Annette Weisbach that "we certainly hope we can avoid" a hostile takeover by the Italian bank.

Many say they have not received their child benefit, while others have not received their salaries.

The towering burger and ballooning bagel have withstood public health campaigns, but a new movement to shrink servings is finally gaining traction.

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News outlets are experimenting with a feature in the world’s most popular messaging app that allows them to send links and headlines directly to followers.

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China's Ministry of Commerce said it was launching a probe into Calvin Klein-parent PVH Group over alleged business disruptions involving Xinjiang.

BEIJING (Reuters) -China's central bank on Tuesday unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk and back towards the government's growth target, but analysts warned more fiscal help was vital to hit these goals. The broader-than-expected package offering more funding and interest rate cuts marks the latest attempt by policymakers to restore confidence in the world's second-largest economy after a slew of disappointing data raised concerns of a prolonged structural slowdown. But analysts questioned how productive the People's Bank of China's liquidity injections would be, given extremely weak credit demand from businesses and consumers, and noted the absence of any policies aimed at supporting real economic activity.

Disney's parks business is slowing. But that might not be as concerning as it seems.

Businesses are preparing for a strike by dockworkers on the East and Gulf Coasts, which could begin Oct. 1 if negotiations don’t yield a new contract.

Lobo, one of the W.N.B.A.’s first stars, will now be broadcasting perhaps the most anticipated postseason in league history.

SWW says it is trying to "find fairer ways to charge customers, while protecting the environment".

American consumers may soon see empty fruit aisles and prices could soar if 45,000 dockworkers threatening to strike end up walking off the job.

(Bloomberg) -- China’s central bank unveiled a broad package of monetary stimulus measures to revive the world’s second-largest economy, underscoring mounting alarm within Xi Jinping’s government over slowing growth and depressed investor confidence.Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadThe Moonshot Plan to Eliminate Deaths on America’s RoadsBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportPeople’s Bank of China governo

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It comes just days after the US central bank cut interest rates for the first time in over four years.

The country’s central bank also freed commercial banks to lend more money in a package of moves aimed at rekindling growth in a stagnant economy.

Beijing’s leaders are working with regional neighbors on the country’s western, northern and southern borders to develop new rail and sea links.

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