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Biden-Harris commerce secretary says she is staying out of potential port worker strike
Sep 30, 2024, 9:00 PM
The secretary of commerce, Gina M. Raimondo, said she is not very focused on the potential for looming strikes despite the costs for the economy.
Deadline looms for SEC to appeal Ripple ruling: will it?
Sep 30, 2024, 7:10 PM
The Securities and Exchange Commission has until October 7 to appeal a controversial ruling in its high-profile legal battle with blockchain payments company Ripple
Datacentre construction: Worker shortage hampers boom
Sep 30, 2024, 7:06 PM
Despite offering high pay companies that build datacentres are struggling to find skilled staff.
Cerebras Files Prospectus for I.P.O.
Sep 30, 2024, 6:17 PM
The Silicon Valley company would be among the first A.I. companies to go public since the release of ChatGPT nearly two years ago.
How Your Student Loan Payments Will Impact Your Credit
Sep 30, 2024, 5:38 PM
President Biden’s yearlong on-ramp to help federal student loan borrowers ease back into repayment ended on Sept. 30.
Money paid to sperm donors rises as UK faces shortage
Sep 30, 2024, 7:05 PM
The £10 rise comes into effect in England, Wales and Northern Ireland from 1 October.
Energy bills rise 10% as financial support withdrawn
Sep 30, 2024, 7:03 PM
A 10% energy price rise has taken effect, meaning annual bills will be £1,717 on average.
Workers must keep all tips from customers under new law
Sep 30, 2024, 7:01 PM
Bosses must pass on all tips and service charges to staff under new employment rules.
Sony Pictures Names Ravi Ahuja C.E.O.
Sep 30, 2024, 7:00 PM
Mr. Ahuja, president and chief operating officer of Sony Pictures Entertainment, will succeed its current chief executive, Tony Vinciquerra.
Stock futures are flat after S&P 500 closes at a record to end winning September: Live updates
Sep 30, 2024, 6:02 PM
The S&P 500 and the Dow Jones Industrial Average posted fresh record closes to wrap September's final session.
Port strike: Can West Coast ports absorb East and Gulf Coast import volumes?
Sep 30, 2024, 5:17 PM
Dockworkers at East and Gulf Coast ports are on the verge of a strike that could begin Tuesday, raising questions about whether West Coast ports can absorb stalled shipments.
The market is bracing for the September US jobs report, set to test the upbeat tone in stocks.
G.M. Reaches $1.5 Million Fine After Self-Driving Taxi Accident
Sep 30, 2024, 3:59 PM
The General Motors subsidiary reached a settlement with the main auto safety regulator after one of its self-driving taxis struck a pedestrian in San Francisco last year.
Former FDIC Chair Sheila Bair analyzes the Fed's interest rate plan after Jerome Powell defended his 50 basis point cut on 'Making Money.'
Steinberg Sports and Entertainment CEO Leigh Steinberg discusses the escalation of money flowing into college football on 'Making Money.'
This week's economic data could be 'hugely bullish' for stocks
Sep 30, 2024, 3:03 PM
Wall Street strategists believe positive economic data that shows the labor market isn't slowing as much as feared would be a catalyst for further stock market gains.
Produce importer Peter Kopke Sr. says looming port strike is a 'serious matter' | Fox Business Video
Produce importer Peter Kopke Sr. discusses the impact of the looming strikes and what it could mean for the longshoremen as well as his customers.
Strike poised to shut down major US ports
Sep 30, 2024, 2:13 PM
The strike is set to significantly disrupt trade, creating uncertainty ahead of the US election.
F.T.C. Clears Chevron’s Purchase of Hess With Board Condition
Sep 30, 2024, 2:02 PM
The Federal Trade Commission said the oil giant can acquire the smaller company as long as the chief executive of Hess does not join its board.
Powell: Fed will do what it takes to keep economy 'in solid shape'
Sep 30, 2024, 1:55 PM
Federal Reserve Chair Jerome Powell said Monday that the US economy is 'in solid shape,' and that central bank policy makers 'intend to use our tools to keep it there.'
Fed Chair Powell Underscores That More Rate Cuts Are Coming
Sep 30, 2024, 1:55 PM
Jerome H. Powell, chair of the Federal Reserve, said that inflation is down and unemployment up “significantly,” and that rates will move down “over time.”
Kingsview Wealth Management CIO Scott Martin discusses the U.S. market, interest rates and his stock picks when the market is at record levels.
Looming port strike by the numbers: New York, Savannah, Baltimore expected to see disruptions
Sep 30, 2024, 1:49 PM
Three dozen ports along the East and Gulf coasts are facing a potential work stoppage as the deadline for a new contract between port employers and dockworkers nears.
Watch Fed Chair Jerome Powell speak live on economy, policy views
Sep 30, 2024, 1:42 PM
The central bank leader speaks Monday to the National Association for Business Economists in Nashville.
Retired U.S. Air Force Lt. Gen. David Deptula provides a military analysis as reports surface that an Israeli incursion into Lebanon is 'imminent.'
Circle Squared Alternative Investments' Jeff Sica explains how a U.S. port workers' strike could be inflationary for markets and Americans' pocketbooks.
UBS managing director and senior portfolio manager Jason Katz on new survey findings and a 'sustainable' market melt-up.
Chicago Federal Reserve Bank President Austan Goolsbee discusses the impact of the looming port strike on the economy and the Fed's rate cutting process.
Former U.S. NATO ambassador Kurt Volker reacts to reports that Israel is set to launch a ground incursion into Lebanon.
Dodge-parent Stellantis tumbles on warning, dragging auto stocks lower
Sep 30, 2024, 12:51 PM
Stellantis stock tumbled 13% early Monday after the company issued a stark warning about its North American operations, dragging other auto stocks lower in sympathy.
Hurricane Helene devastation could cost up to $34B, Moody's says
Sep 30, 2024, 12:02 PM
Hurricane Helene brought historic devastation across the Southeast leaving more than 100 people dead and a preliminary estimate puts its economic cost up to $34 billion.
Stock market today: S&P, Nasdaq edge higher to start jobs report week as Powell set to speak
Sep 30, 2024, 12:27 PM
The market is bracing for the September US jobs report, set to test the upbeat tone in stocks.
Verizon Mobile Outages Reported Across the U.S.
Sep 30, 2024, 11:29 AM
The number of cases peaked at more than 100,000 Monday morning, according to the website Downdetector. Users complained of being unable to make calls or send texts.
Stock market today: Dow, Nasdaq edge lower to start jobs report week as Powell set to speak
Sep 30, 2024, 11:45 AM
The market is bracing for the September US jobs report, set to test the upbeat tone in stocks.
DirecTV-Dish merger: How it will impact customers
Sep 30, 2024, 11:26 AM
DirecTV is merging with Dish as it tries to stay competitive in a market that has been dominated by streaming services such as Netflix and Amazon Prime.
Stock market today: Dow, Nasdaq edge lower to start jobs report week as Powell set to speak
Sep 30, 2024, 11:42 AM
The market is bracing for the September US jobs report, set to test the upbeat tone in stocks.
Verizon Outages Reported Across the U.S.
Sep 30, 2024, 11:29 AM
More than 95,000 cases of Verizon outages were reported across the country, according to the website Downdetector.
Post Office scandal: Second IT system 'likely' to have caused shortfalls
Sep 30, 2024, 11:20 AM
A report says it is likely that Capture, which preceded the Horizon system, also caused shortfalls.
States forge ahead with Inflation Reduction Act energy rebates — so far, South Dakota is the only one to opt out
Sep 30, 2024, 11:10 AM
Arizona, Maine, New York, New Mexico, Rhode Island and Wisconsin have launched consumer rebate programs tied to energy efficiency.
Stock market today: US stocks start jobs report week lower with Powell set to speak
Sep 30, 2024, 11:00 AM
The market is bracing for the September US jobs report, set to test the upbeat tone in stocks.
Nvidia stock slips on China trade fears
Sep 30, 2024, 10:14 AM
Nvidia stock dropped in premarket trading before paring losses, following a report that China is urging local companies not to buy its AI chips.
Nvidia stock slips on China trade fears
Sep 30, 2024, 10:14 AM
Nvidia stock dropped in premarket trading before paring losses, following a report that China is urging local companies not to buy its AI chips.
How CBS Will Fact Check the Walz-Vance VP Debate
Sep 30, 2024, 10:11 AM
CBS is experimenting with a novel way to offer real-time fact-checking of the vice-presidential debate on Tuesday. Just don’t expect the moderators to frequently jump in.
China stocks just had their best day in 16 years, sending related U.S. ETFs soaring
Sep 30, 2024, 10:06 AM
The Shanghai Composite rallied 8.06% in its best day since September 2008.
US companies with high China exposure face more risks
Sep 30, 2024, 9:11 AM
A report released by Strategy Risks reveals which U.S. companies are more vulnerable to risk due to their high levels of exposure to China amid tense geopolitical relations between Washington and Beijing.
Rep. Michael Waltz, R-Fla., warns over the Biden-Harris administration's escalation of conflict in the Middle East and findings from Congress' interim report on the Secret Service.
'No challenges can stop China's progress' Xi Jinping says in 75th anniversary speech
Sep 30, 2024, 8:47 AM
Chinese President Xi Jinping made no mention of specific countries or trade conflicts in his Monday speech and portrayed Beijing as upholding globalization.
Aston Martin and Stellantis shares slump after profit warnings
Sep 30, 2024, 8:43 AM
The company, famed for its links to James Bond, has been hit by falling sales in China.
Fox News chief foreign correspondent Trey Yingst reports from Haifa, Israel, where IDF forces continue to launch airstrikes in Lebanon, and details his new book 'Black Saturday.'
Rep. Warren Davidson, R-Ohio, provides updates on the conflict between Israel and Hezbollah and reacts to Harris' proposed border security plan.
Gov. Gavin Newsom of California Forces a Rethink of A.I. Rules
Sep 30, 2024, 8:09 AM
Gov. Gavin Newsom’s decision to veto wide-ranging set of rules for artificial intelligence companies underscores the political difficulty of policing the technology.
Stock market today: US futures point to downbeat start to jobs report week with Powell set to speak
Sep 30, 2024, 7:27 AM
The market is bracing for the September US jobs report, set to test the upbeat tone in stocks.
Mulberry: Mike Ashley's Frasers Group makes bid for handbag maker
Sep 30, 2024, 7:27 AM
The takeover approach values the luxury handbag maker at £83m.
Stock market today: US futures point to downbeat start to big jobs report week
Sep 30, 2024, 7:27 AM
The market is bracing for the September US jobs report, set to test the upbeat tone in stocks.
China Stocks Surge After Mortgage Curbs Are Removed
Sep 30, 2024, 7:23 AM
After seeing prices decline for years, Chinese officials have made a burst of policy changes aimed at making easier to buy homes.
American Trucking Associations President and CEO Chris Spear analyzes the short and long-term macroeconomic impacts as dockworker strikes could disrupt major shipping ports on the East Coast.
Gatestone Institute senior fellow Gordon Chang discusses China cutting existing mortgage rates, the Biden administration's relationship with the country and President Xi Jinping's rising aggression.
DirecTV Strikes Deal to Acquire Dish Network
Sep 30, 2024, 7:04 AM
The deal, which is subject to regulatory approval, would create one of the largest pay-TV distributors in the U.S. The companies were blocked in an attempt to merge in 2002.
Samsung accused of obstructing Fortnite downloads
Sep 30, 2024, 6:35 AM
The game maker says actions taken by Samsung's Auto Blocker feature go against competition laws.
UK to close last coal power station after 142 years
Sep 30, 2024, 6:02 AM
The UK's last coal power station, Ratcliffe-on-Soar, is due to end operations on Monday.
Port strike will bring another hit to farmers, says former Trump official
Sep 30, 2024, 6:00 AM
A potential strike by workers at over 30 seaports from Texas to Maine could wreak supply chain havoc on U.S. impacting food supply, medicine, cars and auto parts.
CEO exits up at unprecedented rate, study finds
Sep 30, 2024, 6:00 AM
Chief executive turnover surged in August and is now at the highest level year-to-date on record, according to data from coaching firm Challenger, Gray & Christmas.
Dockworkers Strike at U.S. Ports Could Begin Tuesday
Sep 30, 2024, 5:06 AM
Members of the International Longshoremen’s Association could walk off the job, halting most shipments at East and Gulf Coast ports and rattling the U.S. economy.
U.S. Approves Aid to Restart Palisades Nuclear Plant
Sep 30, 2024, 5:05 AM
No one has ever restarted an American nuclear reactor that was seemingly closed for good. But with electricity demand spiking, interest is growing.
CNN Wades Back Into the Documentary Business
Sep 30, 2024, 5:05 AM
The network is again financing and releasing documentary series and films after backing away from the genre two years ago.
U.S. Ramps Up Hunt for Uranium to End Reliance on Russia
Sep 30, 2024, 5:02 AM
Miners aim to meet a growing demand for emissions-free energy, though a failure to clean up old sites haunts the industry.
Apparel Resale Growth Drives Increased Vintage and Thrift Store Presence
Sep 30, 2024, 5:00 AM
Last year, apparel resale in the United States grew seven times the rate of the broader retail industry. Independent resellers and corporate giants are getting creative to meet the demand.
Port Strike on the East and Gulf Coasts: What to Know
Sep 30, 2024, 5:05 AM
Thousands of dockworkers who load and unload cargo ships could walk off the job on Tuesday, halting nearly all activity at ports from Maine to Texas.
Chinese stocks soar most since 2008, in bull market on stimulus
Sep 30, 2024, 3:25 AM
(Bloomberg) -- Chinese stocks extended one of their most remarkable turnarounds in history, soaring for a ninth straight day as government stimulus entices investors back to one of the most beaten-down markets worldwide.Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsClimate Migrants Stand to Overwhelm World’s MegacitiesNew Rowhouses in London That Offer a Bridge to the 19th CenturyVanderbilt Leases Struggling NYC Seminary for Campus ExpansionNJ Transi
Minimum price of alcohol in Scotland rises by 30%
Sep 30, 2024, 1:19 AM
A typical 12.5% bottle of wine cannot be sold for less than £6.09 and a bottle of vodka will be £17.06.
UK economy grew less than thought in spring
Sep 30, 2024, 2:33 AM
The downwards revision in growth between April and June comes ahead of next month's Budget.
House price growth at near two-year high, says Nationwide
Sep 30, 2024, 2:24 AM
Prices in September were up 3.2% from a year ago, with terraced homes driving the increase, says Nationwide.
Tata: Traditional steelmaking ends as Port Talbot blast furnace closes
Sep 29, 2024, 5:00 PM
The Tata steelworks will stop producing liquid iron as part of a restructure costing 2,800 jobs.