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Inside the £70K 'mafia-style' shoplifting champagne gang
Oct 15, 2024, 9:21 PM
A crime gang has stolen more than £70,000 of goods from UK supermarkets in 18 months, the BBC hears.
Boeing raising up to $35bn as costly strike enters second month
Oct 15, 2024, 10:16 PM
On Tuesday, the union representing over 30,000 of the firm's workers held a rally in Seattle.
Mental health patients to get job coach visits, says minister
Oct 15, 2024, 7:01 PM
Pensions Secretary Liz Kendall says trials of the idea have produced "dramatic results".
Rachel Reeves eyes £40bn in tax rises and spending cuts in Budget
Oct 15, 2024, 5:34 PM
Filling the £22bn financial "black hole" would only be enough “to keep public services" still, she told a meeting.
Trump's trade rhetoric may not be all bluster. He needs mammoth tariffs to pay for everything else he wants.
Oct 15, 2024, 2:40 PM
Donald Trump continues to increase his tariff rhetoric alongside increasing signs that at least some level of titanic duties will be a crucial ingredient in his agenda.
Washington Post C.E.O. Elevates Deal-Making to a Top Priority
Oct 15, 2024, 6:18 PM
Will Lewis has said he has a mandate from the paper’s owner, Jeff Bezos, to grow the business, including through acquisitions.
Stock futures are little changed after S&P 500 slips from record highs: Live updates
Oct 15, 2024, 6:04 PM
The S&P 500 and Nasdaq Composite slid during Tuesday's regular trading session, dragged down by chipmakers.
Launches of actively managed exchange-traded vehicles are surging, but their performance is often poor
Oct 15, 2024, 6:00 AM
Exchange-traded funds manage your money passively with low fees, but a sea change within the industry is breathing life into ETFs that are actively managed.
Trump Says ‘Growth’ and Tariffs Will Pay for $15 Trillion Agenda
Oct 15, 2024, 4:48 PM
In a combative interview, the former president hinted at even higher tariffs as an economic magic bullet.
Big Lots to shutter more than 50 retail locations
Oct 15, 2024, 4:26 PM
Big Lots aims to permanently close the doors of 50-plus more stores, it told the bankruptcy court overseeing its Chapter 11 proceedings late last week.
Stock market today: Nasdaq leads stock declines as Nvidia, chip stocks sell off
Oct 15, 2024, 4:06 PM
As a fresh wave of earnings rolls in, hopes are for further positive surprises.
American consumers see debt delinquency risk rising, higher long-term inflation: NY Fed
Oct 15, 2024, 3:40 PM
The New York Fed found that consumers' expectations about missed debt payments edged higher in September for the fourth consecutive month, as some may face increased budget pressures.
Lufthansa hit with record penalty after barring Jewish passengers
Oct 15, 2024, 1:44 PM
The German airline has agreed to pay $4m to resolve claims it discriminated against Jewish passengers.
Apple stock hits record intraday high on bullish Wall Street outlooks, positive iPhone sales data
Oct 15, 2024, 3:43 PM
Apple stock hit a new record high Tuesday as Wall Street analysts gave bullish outlooks on the company, fueled in part by positive preliminary iPhone sales data.
Holiday spending projected to hit new record this year
Oct 15, 2024, 2:50 PM
The largest retail trade group in the U.S. expects holiday spending to grow modestly despite a shortened shopping period and economic toll from two hurricanes.
Tim Walz ranks dead last among governors for fiscal restraint
Oct 15, 2024, 1:35 PM
Minnesota Gov. Tim Walz, who is Vice President Kamala Harris' running mate, has the worst record on fiscal responsibility of any governor in the U.S., according to a new report.
Holiday Sales Growth Expected to Normalize to Prepandemic Levels
Oct 15, 2024, 1:34 PM
Despite shoppers’ election-year concerns and worries about the economy, retail executives predict sales to increase as much as 3.5 percent over last year’s holiday season.
Stock market today: Stocks retreat from records as Nvidia, ASML lead chipmakers lower
Oct 15, 2024, 11:20 AM
As a fresh wave of earnings rolls in, hopes are for further positive surprises.
TGI Fridays closes a dozen stores across America in just one month
Oct 15, 2024, 12:42 PM
A dozen U.S. TGI Fridays locations have closed in the last month, as the brand also shutters 35 stores in the United Kingdom. Earlier closures this year were due to underperformance.
Nvidia stock tumbles from record high on news of possible US chip export cap, ASML's dismal earnings
Oct 15, 2024, 12:32 PM
Nvidia and other chip stocks sank Tuesday following news of potential US export caps and a dismal earnings report from semiconductor equipment manufacturer ASML.
Boeing plans to raise up to $35B to shore up finances as strike continues
Oct 15, 2024, 12:16 PM
Boeing announced in a regulatory filing that it plans to raise up to $25 billion in a stock and debt offering and has entered into a $10 billion credit agreement.
Meet Michelle Bowman, the Fed Official Cited by JD Vance
Oct 15, 2024, 12:10 PM
Michelle Bowman, a Trump-appointed Fed official recently cited by JD Vance, has been gaining prominence.
Trump Media’s Stock Price Soars, Adding $2 Billion to Trump’s Stake
Oct 15, 2024, 12:01 PM
The sharp rise in the share price of the parent of Truth Social has added about $2 billion to the net worth of former President Donald J. Trump.
ASML cuts forecasts in Q3 earnings published early; shares fall
Oct 15, 2024, 11:30 AM
AMSTERDAM (Reuters) -Computer chip equipment maker ASML on Tuesday reported weak bookings and cut 2025 sales forecasts in third quarter earnings published early on its website, sending its shares down 15% by 1500 GMT. "We expect our 2025 total net sales to grow to a range between 30-35 billion euros, which is the lower half of the range that we provided at our 2022 Investor Day," Chief Executive Christophe Fouquet said in a statement. However, the company's bookings came in at 2.6 billion euros, well below forecasts that had ranged between 4 billion euros and 6 billion euros.
With $32 Billion in Aid, Native Americans Push Against History of Neglect
Oct 15, 2024, 11:18 AM
A pandemic relief bill set aside long-term funds for tribal lands that have lacked the tax revenue, and infrastructure, to spur businesses and wealth.
'Soft landing' optimism spurs broad Wall Street rebound at big banks
Oct 15, 2024, 11:12 AM
The biggest banks staged a broad Wall Street rebound in the third quarter, as optimism about a possible 'soft landing' and rate cuts from the Fed spurred dealmaking and trading.
Stock market today: S&P 500 holds near record high with big bank earnings in focus
Oct 15, 2024, 11:08 AM
As a fresh wave of earnings rolls in, hopes are for further positive surprises.
Chinese Automakers Show Force at Paris Auto Show
Oct 15, 2024, 10:43 AM
Weeks after Europe imposed additional tariffs on electric vehicles made in China, the country’s car companies were defiant at France’s leading auto event.
Profits Leap at Goldman Sachs as Banks See Steady Economy
Oct 15, 2024, 10:03 AM
The investment bank earned more than expected in the latest quarter, a theme for other big banks, too.
National Insurance: What are NI and income tax and what do I pay?
Nov 15, 2022, 12:40 PM
Two National Insurance cuts came info effect in 2024, but many people are still paying more in tax.
Paris Is Rising as an Art Market Hub, With Some Way Left to Go
Oct 15, 2024, 9:46 AM
Sotheby’s opened a new salesroom and international collectors are arriving for the inaugural Art Basel Paris fair. But visiting is one thing; buying is another.
Boeing Seeks to Line Up Billions in Financing as Strike Goes On
Oct 15, 2024, 8:53 AM
The aerospace giant said it could raise as much as $25 billion in debt or equity over the next three years, including a $10 billion line of credit.
Walgreens to close 1,200 stores as part of turnaround effort
Oct 15, 2024, 8:42 AM
Walgreens announced that it will close about 1,200 stores over the next three years, with 500 shuttering as early as next year. It's part of the company's turnaround effort.
Polymarket and PredictIt Gain Bets and Split From Polls
Oct 15, 2024, 8:11 AM
Supporters say the platforms are better at predicting the election. But questions have arisen about recent big bets, as they show a big lead for Donald Trump.
Goldman profits surge 45% as dealmaking stages comeback
Oct 15, 2024, 7:32 AM
Goldman Sachs third-quarter profits rose 45% from a year ago as a rise in dealmaking lifted the Wall Street giant.
Walgreens to shutter 1,200 stores as CEO Wentworth seeks turnaround
Oct 15, 2024, 7:02 AM
Walgreens Boots Alliance said on Tuesday it would shut 1,200 stores over the next three years as new CEO Tim Wentworth plots a turnaround at the struggling pharmacy chain operator hit by sluggish consumer spending and low drug reimbursement rates. Pharmacy chains are facing their most turbulent time in recent history as consumers avoid high-priced grocery items and pressures mount on payments they receive from drug middlemen for filling prescriptions. As a result, Walgreens' stock is trading near 30-year lows and down 65% this year, making it the worst performing stock on the S&P 500 index.
Stock market today: Dow, S&P 500 futures hold near record highs with big bank earnings in focus
Oct 15, 2024, 7:18 AM
As a fresh wave of earnings rolls in, hopes are for further positive surprises.
Citigroup earnings are due Tuesday. Here's what Wall Street expects
Oct 15, 2024, 7:10 AM
The bank's third-quarter report is scheduled for release before the market open.
National Insurance rise would hit job creation, firms warn
Oct 15, 2024, 5:51 AM
The government is facing criticism by businesses over a tax rise that would fall on employers.
Stock market today: Dow, S&P 500 futures hold near record highs in wait for Wall Street bank earnings
Oct 15, 2024, 6:38 AM
As a fresh wave of earnings rolls in, hopes are for further positive surprises.
Stock market today: Dow, S&P 500 futures hold near records in countdown to Wall Street bank earnings
Oct 15, 2024, 6:38 AM
As a fresh wave of earnings rolls in, hopes are for further positive surprises.
Stock market today: Dow, S&P 500 futures hold near records in countdown to Wall Street bank earnings
Oct 15, 2024, 6:38 AM
As a fresh wave of earnings rolls in, hopes are for further positive surprises.
Walmart US CEO says retail giant is doing 'everything' it can to keep prices lower
Oct 15, 2024, 6:00 AM
Though consumer inflation concerns persist, Walmart U.S. President and CEO John Furner ensures that the retailer is doing "everything" it can to keep prices low.
Trump takes commanding lead over Harris across betting markets
Oct 15, 2024, 6:00 AM
Former President Trump is dominating as the odds-on favorite to win the White House over Vice President Harris according to prediction markets, with three weeks to go in the race.
Bank of America is set to report third-quarter earnings — here's what the Street expects
Oct 15, 2024, 6:15 AM
How quickly will Bank of America benefit from falling interest rates?
Cash doesn’t always come off the sidelines: Morning Brief
Oct 15, 2024, 6:00 AM
Since 1984, money market funds have typically seen larger inflows than equities or bonds in the 12 months following the Fed's first interest rate cut.
Disney fans blast 'obscene' prices at new cake shop: 'Shockingly offensive'
Oct 15, 2024, 5:35 AM
A new cake shop located at Disney's Florida theme park is being criticized for its high prices, with fans calling the cost of food items "obscene."
The Stock Market’s Bullish Run Is Likely to Continue, Analysts Say
Oct 15, 2024, 5:03 AM
The bullishness on Wall Street is largely based on confidence that the Federal Reserve will tame inflation, the economy will remain solid and corporate earnings will continue to grow.
Pitchfork Alumni Launch New Music Publication, Hearing Things
Oct 15, 2024, 5:02 AM
After the popular publication was folded into GQ, a group of them is striking out on its own. One of the first orders of business: doing away with album scores.
PM does not rule out NI rise for employers
Oct 15, 2024, 3:54 AM
Sir Keir Starmer says this month's Budget was "going to be tough" but would "focus on rebuilding our country".
Dutch government to reduce its stake in ABN Amro by a quarter
Oct 15, 2024, 4:25 AM
The Dutch government said Tuesday it will reduce its stake in ABN Amro to around 30% through a trading plan.
US Weighs Capping Exports of AI Chips From Nvidia and AMD to Some Countries
Oct 14, 2024, 8:46 PM
(Bloomberg) -- Biden administration officials have discussed capping sales of advanced AI chips from Nvidia Corp. and other American companies on a country-specific basis, people familiar with the matter said, a move that would limit some nations’ artificial intelligence capabilities.Most Read from BloombergHow Mexico City Averted All-Out DroughtDubai’s Allure to Expats Is Weighing on City’s InfrastructureThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingAs Brussels Booms, an Ol
Unemployment rate dips as pay growth slows
Oct 15, 2024, 2:12 AM
The jobless rate fell to 4% between June and August, official figures show.
Goldman Sachs to report third-quarter earnings
Oct 15, 2024, 12:01 AM
Now that the Fed is easing rates, Goldman may benefit as corporations that have waited on the sidelines to acquire competitors or raise funds take action.