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China needs more than rate cuts to boost economic growth
Sep 24, 2024, 10:33 PM
More fiscal support is needed, analysts said, after the PBOC surprised markets by announcing plans to cut a number of rates.
CrowdStrike boss apologises before US Congress for global IT outage
Sep 24, 2024, 5:22 PM
Adam Meyers, a senior vice president with the IT firm at the heart of July's mass outage, faced a grilling by US lawmakers.
Will the US presidential election define the future of crypto?
Sep 22, 2024, 6:09 AM
Crypto currency firms are waiting to see how November's vote will impact upon them.
Vista, Blackstone buying software maker Smartsheet for about $8.4 billion
Sep 24, 2024, 6:54 PM
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.
Nike and Sky ads banned over misleading tactics
Sep 24, 2024, 7:04 PM
Advertising standards found the ads were misleading in the way information was presented.
Here's How Much Nvidia Stock CEO Jensen Huang Has Sold Lately
Sep 24, 2024, 6:17 PM
Nvidia CEO Jensen Huang concluded a planned sale of more than $700 million worth of company stock, regulatory filings Tuesday showed.
Coca-Cola is pulling its newest ‘permanent’ flavor from store shelves
Sep 24, 2024, 4:48 PM
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.
LARRY KUDLOW: Trump's new American industrialism ties a bow around all of his pro-growth policies
Sep 24, 2024, 6:07 PM
FOX Business host Larry Kudlow discusses former President Trump's "plan for a new American industrialism" ahead of the 2024 election on "Kudlow."
Billionaire warns interest on debt topping defense spending a sign 'the country is in trouble'
Sep 24, 2024, 5:54 PM
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."
Stock futures are little changed after Dow, S&P 500 hit record highs: Live updates
Sep 24, 2024, 6:05 PM
Economic growth is in focus with the three major Wall Street stock averages on track for a winning September.
Intel’s years of missteps leave it fighting for survival in the Nvidia-dominated AI era
Sep 24, 2024, 5:09 PM
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.'
Caroline Ellison Sentenced to Two Years in Prison for Role in FTX Fraud
Sep 24, 2024, 4:17 PM
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.
Stock market today: S&P 500, Dow hit fresh records, China stocks soar on new stimulus
Sep 24, 2024, 4:11 PM
Investors are weighing the chances of another jumbo interest rate cut and China's launch of aggressive stimulus.
'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.'
T.I. and Tiny Awarded $71 Million Over L.O.L. Dolls’ Likeness to R&B Group
Sep 24, 2024, 3:42 PM
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.
US accuses Visa of debit card monopoly
Sep 24, 2024, 3:21 PM
The Department of Justice said Visa's actions had slowed competition and raised prices across the economy.
Donald Trump's trade protectionism keeps intensifying
Sep 24, 2024, 2:47 PM
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.
China probes Calvin Klein over Xinjiang cotton
Sep 24, 2024, 3:12 PM
Beijing says it suspects US brands are discriminating against Chinese cotton after allegations of forced labour.
US accuses Visa of monopolizing debit card swipes
Sep 24, 2024, 2:34 PM
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.
Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’
Sep 24, 2024, 2:30 PM
Visa and its smaller rival MasterCard have surged in the past two decades, reaching a combined market cap of roughly $1 trillion.
U.S. Accuses Visa of Monopoly in Debit Cards
Sep 24, 2024, 2:30 PM
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.
DOJ sues Visa over debit card market monopoly
Sep 24, 2024, 2:11 PM
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.
Nvidia shares pop as CEO may be done selling shares after hitting preset plan limit
Sep 24, 2024, 2:04 PM
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.
Harris to More Fully Detail Economic Plans
Sep 24, 2024, 1:54 PM
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.
Stock market today: Stocks tick higher as S&P 500 eyes fresh record
Sep 24, 2024, 1:52 PM
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.
Consumer confidence falls, showing largest decline in 3 years
Sep 24, 2024, 12:22 PM
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.
Geopolitics emerges as Jamie Dimon's chief concern for economy: It's 'getting worse'
Sep 24, 2024, 12:17 PM
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.'
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.
China e-commerce giants Alibaba, JD.com, Pinduoduo see stock surge after stimulus package
Sep 24, 2024, 12:09 PM
Chinese e-commerce stocks jumped after the country's central bank announced a broad stimulus package. Alibaba, JD.com, and Pinduoduo led the surge.
Consumer confidence sees largest decline in more than 3 years
Sep 24, 2024, 11:10 AM
Consumer confidence tumbled in September as workers find it increasingly difficult to find a new job.
Consumer confidence sees largest decline in more than three years
Sep 24, 2024, 11:10 AM
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.'
Great British Energy: What does it mean for Scotland and Aberdeen?
Sep 24, 2024, 10:22 AM
The prime minister has confirmed the state-owned energy company is coming to Aberdeen but many questions remain.
How Meta Distanced Itself From Politics
Sep 24, 2024, 10:41 AM
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.
That Message From Your Doctor? It May Have Been Drafted by A.I.
Sep 24, 2024, 10:08 AM
Overwhelmed by queries, physicians are turning to artificial intelligence to correspond with patients. Many have no clue that the replies are software-generated.
Take a look inside a $1.1 million 'zero emissions' home
Sep 24, 2024, 10:08 AM
Federal officials are trying to boost the energy efficiency of residential and commercial real estate.
Strange Cellmates in a Brooklyn Jail: Sean Combs and Sam Bankman-Fried
Sep 24, 2024, 9:56 AM
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.
Stock market today: US stocks tick higher as Fedspeak, China stimulus lift spirits
Sep 24, 2024, 9:36 AM
Investors are weighing the chances of another jumbo interest-rate cut and China's launch of aggressive stimulus.
Lone Fed dissenter worried bigger rate cut would send signal of 'economic fragility'
Sep 24, 2024, 9:23 AM
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.
Fed Governor Bowman explains dissent on rate vote, says she's worried about inflation
Sep 24, 2024, 9:00 AM
No governor had dissented from an interest rate decision since 2005.
Why the Justice Department is Targeting Visa
Sep 24, 2024, 8:05 AM
The Justice Department is expected to sue the global payments giant as soon as Tuesday, accusing the company of stifling competition.
Starbucks stock downgraded as turnaround will need more time, says analyst
Sep 24, 2024, 8:52 AM
CEO Brian Niccol will need all of 2025 to get Starbucks get on the right track.
China to Investigate U.S. Retailer, Sending a Message Over Xinjiang
Sep 24, 2024, 8:16 AM
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.
Stock market today: US futures tick higher as Fedspeak, China stimulus lift spirits
Sep 24, 2024, 8:08 AM
Investors are weighing the chances of another jumbo interest-rate cut and China's launch of aggressive stimulus.
Rethinking ‘Checks and Balances’ for the A.I. Age
Sep 24, 2024, 8:00 AM
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.
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.
Expert says Medicaid, Medicare reform is critical and can save $2.1 trillion
Sep 24, 2024, 6:00 AM
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.
Getting a call or email about missing jury duty? It's a scam.
Sep 24, 2024, 6:00 AM
Another scam has been circulating. This time it's tricking people into believing that they missed a jury summons, which typically has severe consequences.
Nearly 60% of Americans say $100K income required to curb expenses anxiety: study
Sep 24, 2024, 6:00 AM
Many believe they would have to take home at least $100,000 a year to not fret about everyday expenses, newly-released data showed.
The S&P 6,000 calls are starting to feel reasonable: Morning Brief
Sep 24, 2024, 6:00 AM
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.
Commerzbank board member warns of significant job losses with a hostile UniCredit takeover
Sep 24, 2024, 5:58 AM
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.
TSB customers hit by payment problems
Sep 24, 2024, 5:50 AM
Many say they have not received their child benefit, while others have not received their salaries.
Restaurant Portions Are About to Get Smaller. Are Americans Ready?
Sep 24, 2024, 5:04 AM
The towering burger and ballooning bagel have withstood public health campaigns, but a new movement to shrink servings is finally gaining traction.
Spurned by Social Media, Publishers Chase Readers on WhatsApp
Sep 24, 2024, 12:00 AM
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.
China launches probe into Calvin Klein parent over Xinjiang supply chain ‘disruptions’
Sep 24, 2024, 5:38 AM
China's Ministry of Commerce said it was launching a probe into Calvin Klein-parent PVH Group over alleged business disruptions involving Xinjiang.
China's central bank unveils most aggressive stimulus since pandemic
Sep 24, 2024, 2:19 AM
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 theme parks have seen a slowdown. Is it a temporary blip?
Sep 24, 2024, 4:50 AM
Disney's parks business is slowing. But that might not be as concerning as it seems.
An East Coast Port Strike Could Shake the Economy
Sep 24, 2024, 5:05 AM
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.
Rebecca Lobo Helped Build the WNBA. Now She’s Seeing It Flourish.
Sep 24, 2024, 5:02 AM
Lobo, one of the W.N.B.A.’s first stars, will now be broadcasting perhaps the most anticipated postseason in league history.
Customers 'forced' to take part in South West Water trial
Sep 24, 2024, 1:05 AM
SWW says it is trying to "find fairer ways to charge customers, while protecting the environment".
US grocery stores could be without popular fruit within weeks as 45,000 dockworkers threaten to strike
Sep 24, 2024, 4:27 AM
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.
China Unleashes Stimulus Package to Revive Economy, Markets
Sep 24, 2024, 1:54 AM
(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
China unveils raft of stimulus measures to boost flagging economy
Sep 24, 2024, 1:56 AM
It comes just days after the US central bank cut interest rates for the first time in over four years.
China Cuts Interest Rates and Mortgage Down Payments
Sep 24, 2024, 12:06 AM
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.
China Is Striking Deals to Cement Its Role as Asia’s Trade Hub
Sep 24, 2024, 12:00 AM
Beijing’s leaders are working with regional neighbors on the country’s western, northern and southern borders to develop new rail and sea links.