News - 2024-10-15

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Stay informed with the latest market news and analysis.

A crime gang has stolen more than £70,000 of goods from UK supermarkets in 18 months, the BBC hears.

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On Tuesday, the union representing over 30,000 of the firm's workers held a rally in Seattle.

Pensions Secretary Liz Kendall says trials of the idea have produced "dramatic results".

Filling the £22bn financial "black hole" would only be enough “to keep public services" still, she told a meeting.

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.

Will Lewis has said he has a mandate from the paper’s owner, Jeff Bezos, to grow the business, including through acquisitions.

The S&P 500 and Nasdaq Composite slid during Tuesday's regular trading session, dragged down by chipmakers.

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.

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In a combative interview, the former president hinted at even higher tariffs as an economic magic bullet.

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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.

As a fresh wave of earnings rolls in, hopes are for further positive surprises.

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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.

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The German airline has agreed to pay $4m to resolve claims it discriminated against Jewish passengers.

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.

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.

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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.

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.

As a fresh wave of earnings rolls in, hopes are for further positive surprises.

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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 and other chip stocks sank Tuesday following news of potential US export caps and a dismal earnings report from semiconductor equipment manufacturer ASML.

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.

Michelle Bowman, a Trump-appointed Fed official recently cited by JD Vance, has been gaining prominence.

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.

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.

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.

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.

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As a fresh wave of earnings rolls in, hopes are for further positive surprises.

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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.

The investment bank earned more than expected in the latest quarter, a theme for other big banks, too.

Two National Insurance cuts came info effect in 2024, but many people are still paying more in tax.

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.

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 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.

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 Sachs third-quarter profits rose 45% from a year ago as a rise in dealmaking lifted the Wall Street giant.

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.

As a fresh wave of earnings rolls in, hopes are for further positive surprises.

The bank's third-quarter report is scheduled for release before the market open.

The government is facing criticism by businesses over a tax rise that would fall on employers.

As a fresh wave of earnings rolls in, hopes are for further positive surprises.

As a fresh wave of earnings rolls in, hopes are for further positive surprises.

As a fresh wave of earnings rolls in, hopes are for further positive surprises.

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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.

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.

How quickly will Bank of America benefit from falling interest rates?

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.

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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 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.

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.

Sir Keir Starmer says this month's Budget was "going to be tough" but would "focus on rebuilding our country".

The Dutch government said Tuesday it will reduce its stake in ABN Amro to around 30% through a trading plan.

(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

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The jobless rate fell to 4% between June and August, official figures show.

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.