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Stay informed with the latest market news and analysis.
What is the energy price cap and how much are gas and electricity bills going up?
Aug 6, 2021, 2:15 AM
Typical gas and electricity prices are rising by 10% in England, Scotland and Wales on 1 October.
Port employers meet with Biden administration as potential strike looms next week
Sep 27, 2024, 5:58 PM
Port employers met with White House officials Friday as negotiations with the union representing East Coast and Gulf Coast dockworkers are at an impasse with a potential strike looming.
WeightWatchers CEO Sima Sistani out in abrupt exit, embraced weight loss drugs
Sep 27, 2024, 5:42 PM
WeightWatchers announced Friday that CEO Sima Sistani is no longer at the company, and independent board member Tara Comonte has stepped in to serve as interim CEO.
OpenAI Is Growing Fast and Burning Through Piles of Money
Sep 27, 2024, 4:53 PM
As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ChatGPT and a serious need for more cash.
What to Know About Homeowners Insurance After Hurricane Helene
Sep 27, 2024, 5:10 PM
If your home has been damaged, you may be at the beginning of a long process.
Citi warns some employees about misconduct by staff, contractors, memo says
Sep 27, 2024, 3:28 PM
Citigroup warned some employees about fraud and unethical behavior and said it is considering tighter scrutiny on work done by contractors to ensure the company is billed accurately, according to a memo seen by Reuters on Friday. Citi has struggled to fix weaknesses in its controls and risk management. "Citi has zero tolerance for fraudulent and unethical behavior from our employees, non-employees and suppliers," according to the internal Citi memo seen by Reuters.
Biden Officials Stave Off Sticker Shock on Medicare Drug Premiums
Sep 27, 2024, 4:00 PM
Federal regulators spent billions of dollars to avoid a spike in costs for older Americans that could have been politically damaging to the presidential campaign of Vice President Kamala Harris.
Stock market today: Dow hits fresh record, stocks close out strong week as inflation cools
Sep 27, 2024, 4:07 PM
The market is looking to August's PCE print to calculate whether another jumbo cut is coming.
Microsoft to re-launch ‘privacy nightmare’ AI screenshot tool
Sep 27, 2024, 12:59 PM
It says it has listened to concerns about the tool, which continuously screenshots online activity.
Top Bidder for Citgo Is Elliott Management, Court Master Says
Sep 27, 2024, 3:38 PM
The sale, which requires a judge’s approval, would help compensate foreign companies owed billions of dollars by the government of Venezuela, which owns Citgo.
The Kobeissi Letter editor-in-chief Adam Kobeissi argues any stock market dip will be brief, while the upswings will long on 'Making Money.'
'Making Money' host Charles Payne explains the 'new reality' of the U.S. stock market.
Heritage Foundation public finance economist E.J. Antoni discusses whether consumer fatigue indicates a recession is coming on 'Making Money.'
Elon Musk row: PM would welcome Tesla investment
Sep 27, 2024, 3:08 PM
After Elon Musk fight, Sir Keir Starmer says "investment from anywhere" is encouraged.
Hurricanes and Wildfires Are Taxing Utilities. Can A.I. Help?
Sep 27, 2024, 2:46 PM
From hurricanes to wildfires, a new generation of technologies could help utilities better plan for the risk of extreme weather to their electric grid.
Stock market today: Dow gains as Fed's favored inflation gauge cools
Sep 27, 2024, 2:45 PM
The market is looking to August's PCE print to calculate whether another jumbo cut is coming.
Port strike could delay delivery of critical medications: It could be 'devastating,' doctors say
Sep 27, 2024, 2:05 PM
Medical professionals are sounding the alarm over the potential impact prolonged port strikes along the East and Gulf coasts can have on medical supplies.
Hot Microphones and No Audience: Here Are the Rules for the V.P. Debate
Sep 27, 2024, 1:45 PM
CBS News has announced the rules and format for Tuesday’s debate between Senator JD Vance and Gov. Tim Walz.
Costco touts success of card scanner rollout; speeds up checkout process
Sep 27, 2024, 12:57 PM
Costco CEO Ron Vachris explained the benefits of the company's new membership card scanners in U.S. stores during the retailer's latest earnings call and said customers see the pluses.
Dominari Financial CEO Kyle Wool analyzes the latest inflation data as the 2024 presidential election continues to heat up on ‘Varney & Co.’
Acadia Healthcare Says It Faces New Federal Investigations
Sep 27, 2024, 11:25 AM
Shares of the company, one of the largest chains of for-profit psychiatric hospitals, were down 25 percent at one point.
New PCE reading supports case for smaller Fed rate cut in November
Sep 27, 2024, 10:33 AM
A fresh reading on inflation Friday keeps the Federal Reserve on track to continue cutting interest rates this fall — likely in 25 basis point increments.
Harland and Wolff: Titanic shipbuilder enters administration
Sep 27, 2024, 10:16 AM
Harland and Wolff, the Belfast shipbuilder, has formally entered administration for the second time.
Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams
Sep 27, 2024, 10:15 AM
JPMorgan disclosed that the CFPB could punish the lender for its role in Zelle, the giant peer-to-peer digital payments network.
Talks Between European Banks May Kick-Start More Cross-Border Deals
Sep 27, 2024, 10:10 AM
Investors are cheering a possible tie-up between UniCredit of Italy and Germany’s Commerzbank, but politics may stand in the way.
Morgan Stanley senior vice president of investments Jim Lacamp looks ahead to Q4, the presidential election, China's stimulus package and the August PCE data.
Stock market today: Stocks gain as Fed's favored inflation gauge cools
Sep 27, 2024, 9:37 AM
The market is looking to August's PCE print to calculate whether another jumbo cut is coming.
Stock market today: Stocks gain as Fed's favored inflation gauge cools
Sep 27, 2024, 9:37 AM
The market is looking to August's PCE print to calculate whether another jumbo cut is coming.
Surviving Spouses May Not Be Responsible for Partners’ Medical Bills
Sep 27, 2024, 9:00 AM
A call from a debt collector may add to the challenges that bereaved people are already dealing with. But spouses “should not assume that they have to pay.”
Crowded trades may be the unintended consequence of AI in market: TradeWeb CEO
Sep 27, 2024, 8:49 AM
AI could cause one unfortunate problem for investors.
The Fed’s Preferred Inflation Gauge Cooled in August
Sep 27, 2024, 8:43 AM
Inflation has been slowing for months, which has paved the way for Federal Reserve interest rates cuts.
Stock market today: US futures point higher as Fed's favored inflation gauge cools
Sep 27, 2024, 8:46 AM
The market is looking to August's PCE print to calibrate whether another jumbo cut is coming.
Deal to Reopen Libya’s Central Bank Eases Fears of Fighting
Sep 27, 2024, 8:42 AM
A standoff over control of the bank had destabilized the country’s economy and raised the prospect of fresh fighting between Libya’s eastern and western factions.
Inflation measure closely watched by the Fed fell to 2.2% in August
Sep 27, 2024, 8:33 AM
An inflation measure closely tracked by Federal Reserve policymakers fell in August to 2.2% as inflation continued to trend closer to the central bank's target.
Fed's preferred inflation gauge shows prices increased less than Wall Street expected in August
Sep 27, 2024, 8:36 AM
The latest update on the Federal Reserve's preferred inflation gauge comes as investors whether the Fed will cut interest rates by 50 basis points at its November meeting.
How New York City Business Sees the Eric Adams Indictment
Sep 27, 2024, 8:15 AM
The criminal charges against the embattled mayor of New York have given corporate leaders pause about the city’s political future.
Stock market today: US futures tread water in wait for the Fed-favored PCE inflation print
Sep 27, 2024, 7:22 AM
Eyes are on the PCE inflation print tracked by the Fed for insight into the pace of rate cuts.
Prochain Capital President David Tawil talks Disney job cuts, looming port strikes and which commodities and stocks are best to put your money into.
China expert sounds alarm over 'war signals': 'Xi Jinping is about to do something truly horrendous'
Sep 27, 2024, 6:54 AM
Gordon Chang urges whoever's the next president to prepare the American people for "what could happen" as U.S. faces multiple global threats.
What were the biggest budget deficits in US history?
Sep 27, 2024, 6:00 AM
The federal government is on pace to run a $1.9 trillion budget deficit in FY2024, which would rank as the third-largest after even larger deficits were incurred in recent years.
Looming port strike: What to know about the potential work stoppage
Sep 27, 2024, 6:00 AM
Roughly 45,000 dockworkers plan to stop working as terms of a new contract have yet to be agreed upon. Here's what you need to know about the potential work stoppage.
A big AI prediction re-juices the trade: Morning Brief
Sep 27, 2024, 5:55 AM
A new report from Bain casts doubt on the fact that the AI trade is anywhere near its midpoint.
Elon Musk’s Week on X: Deepfakes, Falsehoods and Lots of Memes
Sep 27, 2024, 5:02 AM
Almost a third of 171 posts last week from the X owner were false, misleading or missing vital context.
Francis Ford Coppola and ‘Megalopolis’: What to Know
Sep 27, 2024, 5:02 AM
The controversies surrounding the new epic include accusations of on-set problems, a pulled trailer and more.
Nuclear Power Is the New A.I. Trade. What Could Possibly Go Wrong?
Sep 27, 2024, 5:03 AM
Artificial intelligence’s hunger for energy has set off a boom in utility stocks and may lead to the reopening of the Three Mile Island nuclear plant, our columnist says.
China Investors’ ‘FOMO’ Sets Up Stocks for Best Week Since 2008
Sep 27, 2024, 12:38 AM
(Bloomberg) -- Chinese stocks’ rally stretched further on Friday, poised to mark their best week since the global financial crisis, on optimism over the government’s stimulus measures. Most Read from BloombergVanderbilt Leases Struggling NYC Seminary for Campus ExpansionNJ Transit, Amtrak Trains Delayed After Derailment Near NYCWhere Cargo Bikes Are Freeing Cities From Polluting VansExclusive Palo Alto Girls School Borrows $106 MillionWaiting for the Miracle of Church-to-Housing DevelopmentThe C
Wall Street fears lower-than-anticipated iPhone demand as shipping times shrink
Sep 26, 2024, 4:23 PM
Wall Street is raising concerns about the latest iPhone's shorter shipping times.
European Futures Gain; Yen Falls Before Elections: Markets Wrap
Sep 27, 2024, 2:18 AM
(Bloomberg) -- European stock futures gained in line with Asian shares as risk appetite across financial markets got a further boost from China’s latest stimulus measures and upbeat US momentum. The yen declined ahead of election results.Most Read from BloombergVanderbilt Leases Struggling NYC Seminary for Campus ExpansionNJ Transit, Amtrak Trains Delayed After Derailment Near NYCWhere Cargo Bikes Are Freeing Cities From Polluting VansExclusive Palo Alto Girls School Borrows $106 MillionWaiting
Costco earnings: Revenue misses, stock slips
Sep 26, 2024, 4:37 PM
Costco reported mixed fiscal fourth quarter results on Thursday after the market close.
China optimism is surging. Why some investors are cautious
Sep 27, 2024, 2:06 AM
China's latest policy signals have a bigger impact on sentiment than resolving deeper issues such as real estate, analysts said.
China Stocks Soar in Biggest Single-Week Jump Since 2008
Sep 27, 2024, 1:53 AM
Economic stimulus moves by China’s leaders triggered a broad rally in trading in Shanghai and Shenzhen.