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Bitnomial sues SEC over XRP futures, challenges agency's continued claim that XRP is a security
Oct 10, 2024, 8:26 PM
The SEC contacted the exchange to express that it would be violating federal securities laws if it proceeded with the XRP futures listing.
Dozens of UK-linked firms suspected of busting Russian oil sanctions
Oct 10, 2024, 8:09 PM
The government is investigating 37 companies - but has yet to hand out any fines, the BBC discovers.
How Xi’s crackdown turned China’s finance high-flyers into ‘rats’
Oct 10, 2024, 7:17 PM
Chinese authorities have been cracking down on businesses from real estate to technology to finance.
Pension changes: How you could be affected
Oct 10, 2024, 7:01 PM
There could be changes to pensions in the Budget, here's what they could mean for workers of all ages.
Meet the team breaking into top-secret HQ's
Oct 10, 2024, 7:01 PM
Hear from the team who test security by breaking into secure facilities.
Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
Oct 10, 2024, 6:19 PM
Warren Buffett's Berkshire Hathaway cut its stake in Bank of America below an important level.
Warren Wilson, Pioneering Los Angeles TV Reporter, Dies at 90
Oct 10, 2024, 6:10 PM
In addition to covering the 1992 riots and other historically significant events, he helped facilitate the surrenders of 22 fugitives.
Stock futures are flat as traders await another inflation reading, big bank earnings: Live updates
Oct 10, 2024, 6:02 PM
Traders are watching for the wholesale inflation report and quarterly reports from JPMorgan Chase and Wells Fargo.
Stock market today: Dow, S&P 500 slip as inflation, jobs data cloud Fed rate-cut picture
Oct 10, 2024, 4:06 PM
Investors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
Hurricane Recovery Efforts Disrupted by Conspiracy Theories and Falsehoods
Oct 10, 2024, 4:05 PM
Experts warn that weather-related disinformation can rapidly escalate into real-world risks and distract from aid.
Housing inflation eased in September in 'sharp reversal' from previous month
Oct 10, 2024, 11:29 AM
Shelter cost increases cooled on a monthly basis in September, an indication the most stubborn contributor of inflation may finally be giving ground.
France Unveils Tough Austerity Budget to Mend Its Finances
Oct 10, 2024, 3:09 PM
The French government is seeking deep spending cuts and higher taxes in an effort to tame its ballooning debt and deficit.
What food items saw the largest price hikes and declines in September?
Oct 10, 2024, 2:49 PM
The Labor Department's latest consumer price index data showed that inflation continues to strain consumers' food budgets, with some items seeing notable price increases.
Hurricane Milton leaves thousands of Florida gas stations without fuel
Oct 10, 2024, 2:33 PM
There are nearly 2,000 gas stations that are out of fuel in Florida a day after Hurricane Milton slammed into the state. It's the second major storm in recent weeks.
High winds, flooding from Hurricane Milton cause massive damage in Florida
Oct 10, 2024, 2:21 PM
Hurricane Milton wreaked massive amounts of damage with its high winds and flooding as the storm roared through the central region of Florida overnight.
US unemployment claims spike in wake of Hurricane Helene
Oct 10, 2024, 2:02 PM
Weekly jobless claims climbed higher than expected following the devastation of Hurricane Helene on several states, and economists expect Milton to have further impacts.
European Union delays introduction of new border check system
Oct 10, 2024, 2:20 PM
The EU pushes back introducing new biometric border checks that were due on 10 November.
Inflation sees the lowest annual rise since 2021
Oct 10, 2024, 1:34 PM
The Consumer Price Index (CPI), the main measure of inflation, increased 0.2% in September, a similar increase consumers saw in August and July, the Bureau of Labor Statistics reported.
TD Bank Pleads Guilty and Pays $3 Billion to Settle Money-Laundering Case
Oct 10, 2024, 1:13 PM
The penalty was the largest ever imposed by U.S. officials on a bank for violating anti-money laundering laws, and regulators imposed a cap on TD’s ability to accept new deposits.
Super Micro Computer stock continues wild ride as investors weigh AI hype against alleged DOJ probe
Oct 10, 2024, 1:07 PM
Super Micro Computer stock continued its wild ride Wednesday as investors bet on the company's role in the AI boom. The stock remains volatile as investors weigh its AI-fueled growth against heightened regulatory scrutiny.
Mortgage rates surge higher, further hurting demand
Oct 10, 2024, 12:46 PM
Mortgage rates rose sharply this week in their biggest jump since April, bringing the average rate for a 30-year fixed note to 6.32% as demand fell for a second straight week.
Crane Collapse From Milton Hits Building Housing The Tampa Bay Times
Oct 10, 2024, 12:54 PM
Reporters at The Tampa Bay Times are covering their second hurricane in a month.
The Fed is finally cutting rates, but banks aren't in the clear just yet
Oct 10, 2024, 12:51 PM
When the Federal Reserve cut its benchmark rate by half a percentage point last month, it boosted prospects for many banks.
Inflation Expected to Cool in September C.P.I. Report
Oct 10, 2024, 5:55 AM
The Consumer Price Index is moderating, but September’s report contained both good and bad news for policymakers.
Social Security Benefits to Climb 2.5% in 2025
Oct 10, 2024, 8:53 AM
The annual cost-of-living adjustment will increase monthly checks for millions of beneficiaries, including retirees and disabled workers.
Stock market today: Dow, S&P 500 waver after hotter-than-expected inflation print
Oct 10, 2024, 12:17 PM
Investors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
CFRA Vice President and senior equity analyst Garrett Nelson explains why Tesla is likely 'several years' away from a fully autonomous driving product on 'Varney & Co.'
What’s on the Menu? These Restaurants Aren’t Telling.
Oct 10, 2024, 12:00 PM
Some fine-dining establishments are sharing as few details as possible online in hopes that diners will let go and trust their chefs.
CPI bolsters hawkish view that Fed rate cuts need to be gradual
Oct 10, 2024, 11:10 AM
A warmer-than-expected inflation reading released Thursday offers new ammunition for Federal Reserve hawks who are arguing for a gradual pace of interest rate cuts.
Barbara Lynch Will Close All Her Restaurants
Oct 10, 2024, 11:05 AM
She helped put her city on the modern culinary map, but many employees said they paid a price in workplace abuse.
Here's the inflation breakdown for September 2024 — in one chart
Oct 10, 2024, 10:52 AM
Inflation fell in September as gasoline prices declined and housing inflation moderated, according to the consumer price index.
Tesla’s Self-Driving ‘Robotaxi’ to Enter the Spotlight
Oct 10, 2024, 10:35 AM
Elon Musk has said that the vehicle will add trillions to Tesla’s stock market value and that those who don’t believe him should sell their shares.
SEC commissioner confesses its crypto approach has fueled 'disaster for the whole industry'
Oct 10, 2024, 10:05 AM
SEC Commissioner Mark Uyeda says Crypto.com's recent lawsuit against the agency is part of a broader frustration with the lack of interpretive guidance for cryptocurrency.
Woodshaw Financial Group principal D.R. Barton analyzes the election betting market and weighs in on Google's possible breakup on 'Varney & Co.
Stock market today: Dow, S&P 500, Nasdaq slip after hotter-than-expected inflation print
Oct 10, 2024, 9:32 AM
Investors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
Inflation: Consumer price increases in September come in slightly hotter than estimates
Oct 10, 2024, 9:36 AM
September's Consumer Price Index will serve as the latest test of whether inflation will continue to ease as the Federal Reserve debates its next interest rate decision.
Jobless claims surge to highest level since August 2023
Oct 10, 2024, 9:21 AM
Weekly jobless claims rose more than expected last week in a sign of cooling in the labor market.
Global Trade Grows but Remains Vulnerable to War and Geopolitics
Oct 10, 2024, 9:00 AM
New reports from the World Trade Organization and a Washington think tank showed how robust global trade could quickly be derailed by violence.
Inflation rises 2.4% in September, above expectations
Oct 10, 2024, 8:32 AM
The Labor Department released closely watched inflation data for September that showed the consumer price index rose 2.4% last month, which was slightly above expectations.
Employment Rights Bill: How will it affect you?
Oct 10, 2024, 8:09 AM
A major shake-up of workers' rights is on its way, but what impact will it have?
CPI Report Live Updates: Inflation Is Expected to Cool Further
Oct 10, 2024, 7:02 AM
Economists forecast that the rise in consumer prices will slow to 2.3 percent in the year through September, the latest evidence that inflation appears to have come under control.
Amazon Could Be Forced to Treat Drivers as Employees
Oct 10, 2024, 5:01 AM
Amazon’s delivery system depends on third-party companies. But labor regulators have challenged that model, possibly opening the way for unionization.
The Downfall of FTX’s Ryan Salame and Crypto Advocate Michelle Bond
Oct 10, 2024, 5:00 AM
Ryan Salame, an FTX executive, and Michelle Bond, a crypto policy advocate, were once a Washington power couple. Now they both face prison time.
Hurricane Milton, Inflation and the Economy
Oct 10, 2024, 7:38 AM
The superstorm is expected to inflict costly and lasting damage in Florida, as the Federal Reserve is already keeping an eye on upcoming inflation data.
Mortgage rates predicted to increase in next few days
Oct 10, 2024, 6:50 AM
Recent falls in rates could come to "an abrupt halt" in the next few days, according to brokers
Stock market today: Dow futures slip as stocks tread water ahead of CPI inflation report
Oct 10, 2024, 6:42 AM
Investors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
Hurricane Milton hampers gasoline supply chain
Oct 10, 2024, 6:00 AM
Hurricane Milton's landfall in Florida has disrupted gas supplies after many residents stocked up on gas and diesel for their evacuation ride out of the area and to power generators.
Wall Street shrugs at Google’s legal setbacks isn't denial, it's pragmatism: Morning Brief
Oct 10, 2024, 5:59 AM
As the Justice Department seeks to possibly break up Google, the search giant's parent company's stock has barely moved.
7-Eleven's parent company cuts full-year earnings forecast, presses ahead with restructuring
Oct 10, 2024, 5:17 AM
The news comes as the Japanese retail group resists a takeover attempt by Canada's Alimentation Couche-Tard.
While N.B.A. Plays in Abu Dhabi, Critics Cry Foul
Oct 10, 2024, 5:04 AM
The league has held preseason games in the United Arab Emirates for three years. It says its impact has been positive, but others say it’s helping a repressive regime.
Starbucks, Tetley, Jaguar Land Rover: Remembering Ratan Tata's global ambitions
Oct 10, 2024, 4:48 AM
The former Tata boss's audacious risk-taking saw his firm swallow up a host of iconic foreign brands.
How Meta has become an AI behemoth
Oct 10, 2024, 4:52 AM
Why, and how, Meta has become an AI monster.
Ripple launches crypto storage services for banks in bid to diversify
Oct 10, 2024, 4:11 AM
Ripple said it is launching a slew of features aimed at helping banks and fintechs store digital tokens — as part of a broader push into crypto custody.
Treasury yields slightly higher as investors await inflation data
Oct 10, 2024, 1:46 AM
U.S. Treasury yields were mixed Thursday as investors continued to digest meeting minutes from the Federal Reserve and awaited fresh inflation data.