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IMF approves $7bn loan to Pakistan
Sep 25, 2024, 9:47 PM
Pakistan has taken more than 20 loans from the IMF since 1958 and is currently its fifth-largest debtor.
Labour's plan to build 1.5m homes – can it be delivered?
Sep 25, 2024, 8:40 PM
Are planning reforms and social housing enough to meet the government's ambitious plan?
Mira Murati, Chief Technology Officer at OpenAI, to Leave Company
Sep 25, 2024, 4:46 PM
One of OpenAI’s highest-profile executives, she’s among a series of longtime managers and researchers to leave the start-up in recent months.
Australia's lithium mining boom hit by sagging prices
Sep 25, 2024, 7:10 PM
Some producers have halted operations, while others are increasing production, hopeful of an upturn.
Elon Musk not invited to top UK investment summit
Sep 25, 2024, 7:01 PM
This is due to concern about his role in sharing misinformation about the UK during last month’s riots, the BBC understands.
Breaking down Intel’s wild week
Sep 25, 2024, 4:46 PM
Intel has had quite a wild week. And it might not slow down anytime soon.
Harris’s Economic Pitch: Capitalism for the Middle Class
Sep 25, 2024, 6:14 PM
In a major address in Pittsburgh, the vice president praised business and used technical language to court economy-minded voters skeptical of big government
Dow futures are little changed after index breaks four-day winning run: Live updates
Sep 25, 2024, 6:03 PM
Traders tried to shake off Wednesday's losses as they looked ahead to the latest weekly jobless claims numbers.
Wall Street just got another sign that dealmaking is on its way back
Sep 25, 2024, 5:51 PM
Investment banking fees at Jefferies Financial Group were up 47% from a year ago, the newest signal of a recovery across Wall Street from a two-year-long dealmaking drought.
Arbitration board gives green light to US Steel-Nippon Steel merger over union's objections
Sep 25, 2024, 4:51 PM
Nippon Steel's bid to buy U.S. Steel was given the green light by an arbitration board tasked with reviewing the United Steelworkers union's complaints with the transaction.
OpenAI to remove non-profit control and give Sam Altman equity, sources say
Sep 25, 2024, 4:30 PM
ChatGPT-maker OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that will no longer be controlled by its non-profit board, people familiar with the matter told Reuters, in a move that will make the company more attractive to investors. The move could also have implications for how the company manages AI risks in a new governance structure. Chief executive Sam Altman will also receive equity for the first time in the for-profit company, which could be worth $150 billion after the restructuring as it also tries to remove the cap on returns for investors, sources added.
Boeing staff report pressure to lower standards
Sep 25, 2024, 4:22 PM
US lawmakers say regulators need to be tougher on Boeing to force change at the troubled company.
FOX Business' Lydia Hu has the details from Bayonne, N.J., on 'Varney & Co.'
Nancy Pelosi's husband sold more than $500K in Visa stock ahead of DOJ action
Sep 25, 2024, 3:36 PM
Paul Pelosi, the husband of former House Speaker and current California Rep. Nancy Pelosi, sold 2,000 shares of Visa a few months before the company was sued by the government.
Synovus Trust portfolio manager Dan Morgan discusses which Big Tech company is becoming the new A.I. leader on 'Making Money.'
FOX Business correspondent Madison Alworth and Walser Wealth Management President Rebecca Walser discuss how geopolitical shocks are affecting markets and the price of gold on 'Making Money.'
Piper Sandler chief investment strategist Michael Kantrowitz explains why the Fed's rate cut was a 'confidence builder' for the economy on 'Making Money.'
FOX Business correspondent Lydia Hu reports on a looming port strike and the potential economic backlash.
What products would be disrupted by a port strike?
Sep 25, 2024, 2:04 PM
The looming strike by about 45,000 ILA dockworkers at ports on the East and Gulf coasts would affect a variety of products imported and exported at the 36 seaports at risk of stoppages.
Nvidia stock edges up as industry report predicts 'unprecedented levels' of investment in AI data centers
Sep 25, 2024, 1:26 PM
Nvidia stock rose on Wednesday following a bullish industry report on AI spending.
US gambling market will balloon to more than $60 billion by 2030, FanDuel owner Flutter says
Sep 25, 2024, 1:57 PM
Flutter stock soared to an all-time high Wednesday as the company said it expects the US gambling market to grow by nearly 60% more than previously forecast.
Former National Security Council's Robert Greenway discusses the ongoing Israel war and Iran's alleged assassination threats targeting Trump.
Micron earnings preview: Wall Street will get a glimpse into what's ahead for US chipmakers
Sep 25, 2024, 1:29 PM
Micron's quarterly earnings report should give investors a glimpse into what's ahead for the US semiconductor industry as earnings season begins.
Nvidia stock edges up as industry report predicts 'unprecedented levels' of investments in AI data centers
Sep 25, 2024, 1:26 PM
Nvidia stock rose on Wednesday following a bullish industry report on AI spending.
NYSE President Lynn Martin discusses whether Trump or Harris' economic plan is better for markets on 'Cavuto: Coast to Coast.'
Constellation Research founder R 'Ray' Wang discusses the effectiveness Microsoft Azure on 'Varney & Co.'
Behind OpenAI’s Audacious Plan to Make A.I. Flow Like Electricity
Sep 25, 2024, 11:48 AM
Sam Altman, OpenAI’s chief executive, is talking to the United Arab Emirates, Asian chipmakers and U.S. officials to expand the computing power needed to build artificial intelligence.
Harley-Davidson recalls 41K motorcycles over wiring issue that could cause loss of power
Sep 25, 2024, 11:40 AM
Harley-Davidson is recalling about 41,600 model year 2024 motorcycles over concerns that the wiring inside the bikes could experience a short circuit.
Mortgage applications hit 2-year high as refinancings surge
Sep 25, 2024, 7:00 AM
Applications to refinance or purchase a home in the week that ended Sept. 20 rose 11% week over week, according to the Mortgage Bankers Association.
RAC says petrol prices fall to three-year low
Sep 25, 2024, 10:10 AM
Lower global oil prices and a stronger pound were the main reasons prices had fallen, the RAC says.
SEC charges Merrill Lynch, Harvest Volatility Management for ignoring client investment limits
Sep 25, 2024, 10:45 AM
They will pay a combined $9.3 million after the Securities and Exchange Commission charged them for exceeding clients' investment limits over a two-year period.
Piper Sandler managing director and senior economist Jake Oubina analyzes the latest data emerging from the U.S. economy during an appearance on ‘Mornings with Maria.’
In Silicon Valley, a Rogue Plan to Alter the Climate
Sep 25, 2024, 10:00 AM
A pair of restless entrepreneurs are releasing pollutants in the sky to try to cool the planet.
Warren Buffett's Berkshire Hathaway keeps selling more Bank of America stock
Sep 25, 2024, 9:42 AM
Warren Buffett's Berkshire Hathaway sold more of its holdings in the second-largest US bank, raising its total haul to nearly $9 billion over the last several months.
Norwich: Green Jellyfish and Kirby and Haslam raided by HMRC
Sep 25, 2024, 9:32 AM
Officers from HM Revenue and Customs execute warrants at a number of companies as part of an investigation.
Stock market today: S&P 500, Dow open higher as investors keep watchful eye on economy
Sep 25, 2024, 9:35 AM
Now that the Fed has started cutting rates, the economy has taken to the fore for investors.
Banks must refund fraud in five days but losses capped at £85,000
Sep 25, 2024, 9:16 AM
Victims tricked into sending money to scammers must be refunded within five days under new rules.
Buy now, pay later discounts drive holiday spending
Sep 25, 2024, 8:01 AM
Online sales during the 2024 holiday shopping season is expected to surpass last year, notching $240.8 billion. This increase is largely due to buy now, pay later services and discounts.
Harris and Trump are offering radically different visions of manufacturing — and how the government can help in 2025
Sep 25, 2024, 7:37 AM
Kamala Harris and Donald Trump are using dueling speeches this week to position themselves as the candidate of manufacturing, but both are promising to help in nearly opposite ways.
Inside Kamala Harris’s Big Economic Pitch
Sep 25, 2024, 7:55 AM
The vice president is expected to deliver one of her most detailed addresses yet on the issue, as she seeks to strike a delicate political balance.
Rep. Rob Wittman, R-Va., on the interim Secret Service report, the Iranian president's UN speech and ongoing conflict between Ukraine and Russia.
CFRA research director Ken Leon reacts to Fed Governor Michelle Bowman’s remarks on monetary policy, upcoming economic data and which sectors can see growth.
Stock market today: US futures stall as investors keep watchful eye on economy
Sep 25, 2024, 7:01 AM
Investors are weighing the chances of another jumbo interest rate cut and China's launch of aggressive stimulus.
What China's biggest stimulus since the pandemic means for US investors: Morning Brief
Sep 25, 2024, 6:00 AM
China just unveiled a stimulus package to pull itself out of its economic doldrums. But there could be consequences that ripple across the globe.
Former Trump economist unveils the No. 1 question voters must ask before placing ballots
Sep 25, 2024, 6:00 AM
As U.S. voters start submitting their presidential ballots, they should ask if they want more of the last four years. Economist Stephen Moore says, "Hell no to that."
The 2024 election is close and businesses outlining their priorities
Sep 25, 2024, 6:00 AM
A pair of studies released this week indicate businesses of all sizes are eyeing inflation and the economy as their top priorities heading into the 2024 election.
UK economic growth 'robust', OECD thank tank says
Sep 25, 2024, 5:57 AM
A think tank says it expects UK economic growth grow by 1.1%, the same rate as Canada and France.
Kushner’s Fund Has Reaped Millions in Fees, but So Far Returned No Profits
Sep 25, 2024, 5:04 AM
The son-in-law of former President Donald J. Trump has said he has intentionally moved slowly to invest investors’ money, which came primarily from foreign entities.
US Futures Drop After S&P 500 Record; SAP Tumbles: Markets Wrap
Sep 25, 2024, 3:52 AM
(Bloomberg) -- US stock futures ticked lower after the S&P 500 finished with its 41st record close this year. Treasuries and the dollar steadied. Most Read from BloombergEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentUnlocking the Hidden Power of Zoning, for Good or BadExclusive Palo Alto Girls School Borrows $106 MillionNY’s MTA Warns Against Borrowing More Than $13 BillionContracts on the S&P 500 pointed to a drop of 0.
Why a jump in economic growth could be the stock market's nightmare scenario
Sep 25, 2024, 4:50 AM
"Running a too-low real funds rate, which this Fed is apt to do, consequently risks a much higher inflation outcome," economist Steven Blitz warned.
Trump’s Low-Tax, High-Tariff Strategy Could Clash With Economic Realities
Sep 25, 2024, 5:06 AM
The former president’s efforts to compel companies to remain in the United States had limited success while he was in the White House.
How News Outlets Like Fox and CNN Are Preparing for Election Day
Sep 25, 2024, 5:01 AM
Here’s how they’re preparing to make calls in a very tight race — and ensure that viewers and readers believe them.
Shein should come to London, says former B&Q boss
Sep 25, 2024, 4:54 AM
Shein should list in London despite controversy over green credentials, says business leader.
Analysis-China's monetary volleys miss key threat to economic growth
Sep 25, 2024, 4:48 AM
China's central bank has shifted to a more aggressive easing stance, but its policy weapons don't have the key enemy to economic growth in their line of sight: the persistently weak consumer demand. The liquidity injections and the lower borrowing costs flagged by the People's Bank of China on Tuesday have lifted market sentiment, but mainly because they raised expectations authorities will follow soon with a fiscal package to complement the monetary and financial measures. The world's second-largest economy faces strong deflationary pressures and risks missing this year's roughly 5% growth target due to a sharp property downturn and frail consumer confidence, which analysts say only fiscal policies that put money into consumer pockets through higher pensions and other social benefits can address.
'Exploiting Americans' data': House Intel demands 'critical' briefing on CCP-linked company Temu
Sep 25, 2024, 4:00 AM
EXCLUSIVE: The House Intelligence Committee is requesting a briefing from the FBI and Securities Exchange Commission on the Chinese fast-fashion giant Temu.
Huel has third advert banned in two months
Sep 25, 2024, 3:09 AM
The meal supplement company made misleading claims comparing its product to vegetables.
Benefit claimants should have to look for jobs, says Keir Starmer
Sep 25, 2024, 1:10 AM
The prime minister has said the public will have to make "trade-offs" if the country is to improve.
Caught cold by UniCredit’s swoop on Commerzbank, Germany will want to avoid a national embarrassment
Sep 25, 2024, 1:08 AM
Italy's UniCredit appears to have caught German authorities off guard with a potential multibillion euro merger of Frankfurt-based Commerzbank.
Boeing strike: Workers not interested in 30% pay offer, union says
Sep 25, 2024, 12:38 AM
The strike threatens to cost Boeing billions of dollars, deepening the crisis at the aviation giant.
France Prepares to Raise Taxes on Businesses and the Rich
Sep 25, 2024, 12:00 AM
France’s new prime minister, Michel Barnier, has opened the door to reversing some of President Emmanuel Macron’s tax cuts in an effort to fix the country’s widening budget deficit.