News - 2024-10-17

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Gross domestic product rose by 4.6% on an yearly basis, below the government's 5% annual target.

The “best bromance in tech” has had a reality check as OpenAI has tried to change its deal with Microsoft and the software maker has tried to hedge its bet on the start-up.

The additions helped lift revenue to $9.8 billion during the period, a 15 percent increase from the same period last year.

Falling prices, weak consumer spending and a housing market crash help to explain why the Chinese government is taking steps to stimulate the economy.

Billions of pounds of government borrowing could be spent on new infrastructure projects because of new self-imposed Treasury rules.

In Iceland scientists plan to drill down to magma to understand it and use it for energy production.

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Fraud cases rise by 16% in the first half of the year, but total losses are down slightly, new data shows.

An expert at rescuing distressed companies, he took over the struggling organization in 2000, leading it through a painful restructuring and a lengthy legal battle.

The 30-stock index finished Thursday's session at a record closing level.

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Netflix announces some price hikes, as growth from password sharing crackdown starts to fade.

It is not known how many people are likely to end up paying more under the government's plan.

A new Ferrari (hybrid) hypercar is on the way.

Netflix stock is rising after the streaming giant beat third quarter EPS and revenue estimates. Here's what to know.

A monthly report on retail sales could provide clues to whether the Fed will go for "no cut" at its next meeting.

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Netflix is set to report its fiscal third quarter earnings on Thursday after market close. The streamer will once again have a high bar to overcome as the stock trades near all-time highs and analysts look ahead to another price hike announcement as a potential catalyst.

A $28.5 million settlement in a class-action lawsuit against the university helped create a fresh precedent for prosecuting predatory advertising in for-profit education.

A monthly report on retail sales could provide clues to whether the Fed will go for "no cut" at its next meeting.

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Mary Barra, G.M.’s chief executive, said that the company had fixed battery-manufacturing problems and that its electric vehicles would soon be profitable.

Arriving at the storied luxury house two years after Karl Lagerfeld, he helped guide a boom in both products and revenues.

PPG is cutting nearly 2,000 jobs in the U.S. and Europe as it undergoes a comprehensive cost reduction program. It's also selling its architectural business.

FOX Business' Stuart Varney analyzed Vice President Kamala Harris' Fox News interview with Bret Baier where the Democratic nominee attacked former President Trump for 27 minutes.

The tech giant has been increasing live programming on its streaming service, but this will be its first test with news.

LVMH founder and CEO Beranrd Arnault has seen his net worth take a hit this year as the luxury goods conglomerate's stock suffers amid weakened sales.

A new report showing a rise in retail sales in September indicates that consumer spending, a key engine of economic growth, remains robust.

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Lucid Motors announced another capital raise via a share sale late Wednesday night as the California-based EV maker seeks further runway ahead of the release of its upcoming EV SUV.

Meta workers reportedly used vouchers that should have been spent on meals to buy household goods.

Lucid Motors announced another capital raise via a share sale late Wednesday night as the California-based EV maker seeks further runway ahead of the release of its upcoming EV SUV.

Mortgage rates climbed again for a third straight week, further dinging demand as the housing market continues to suffer from an affordability crisis.

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Higher mortgage rates mean fewer buyers and refinancers are moving forward with transactions. The average on a 30-year loan hit 6.44%.

The family of one of the five workers who was killed after Hurricane Helene flooded the town their factory is located in on Sept. 27 has filed a lawsuit.

The oil company Phillips 66 said its Los Angeles refinery will shut down by the end of 2025 days after Gov. Gavin Newsom signed new regulations into law.

Former President Donald J. Trump’s costly tax agenda undermines the changes he signed into law in 2017. Some Republicans are wary.

A monthly report on retail sales could provide clues to whether the Fed will go for "no cut" at its next meeting.

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(Bloomberg) -- US retail sales strengthened in September by more than forecast in a broad advance, illustrating resilient consumer spending that continues to power the economy.Most Read from BloombergInside the ‘Utopias’ of Mexico CityOne City’s Plan to Re-Link a Neighborhood That Robert Moses DividedHow Mexico City Averted All-Out DroughtChicago Should Consider Furloughs, Higher Booze Tax, Watchdog SaysMexico Seeks to Halve Permitting Time to Attract More FactoriesThe value of retail purchases,

Mark Cuban has been one of the Kamala Harris campaign’s most visible outside surrogates in recent months. Now he’s making it official.

Retail sales rose by more than expected in September, with an increase of 0.4% exceeding economists expectations as the consumer showed signs of continued strength.

Exchange-traded funds have made little headway in 401(k) plans even as they've steadily gained market share in other accounts.

Initial ticket packages for the new area of Universal Orlando Resort, the first new Florida theme park in a generation, will cost as much as $521.

A monthly report on retail sales could provide clues to whether the Fed will go for "no cut" at its next meeting.

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A monthly report on retail sales could provide clues to whether the Fed will go for "no cut" at its next meeting.

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A monthly report on retail sales could provide clues to whether the Fed will go for "no cut" at its next meeting.

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Robinhood unveiled a new desktop-based platform called Legend on Thursday, aimed at active traders who want more detailed analysis of stocks.

An effort to revive and maximize use of the Public Service Loan Forgiveness program has resulted in student loan forgiveness for over one million people.

Policymakers who set interest rates for the 20 countries that use the euro have lowered rates in back-to-back meetings for the first time since 2011.

Is the Trump Trade Back?

Oct 17, 2024, 8:11 AM

Market observers see signs that investors increasingly believe Donald Trump will win the election, but there may be alternate explanations for a shift in sentiment.

A monthly report on retail sales could provide clues to whether the Fed will go for "no cut" at its next meeting.

The question of whether the company plans to up the prices of its streaming subscriptions in the future has been raised yet again as Netflix’s soon-to-be-released third-quarter results approach.

The Treasury secretary plans to criticize former President Donald J. Trump’s economic proposals in a speech.

The glare of the presidential campaign trail is shining more brightly on McDonald's than almost any other company this year. And it’s clearly not abating.

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. raised its target for 2024 revenue growth after quarterly results beat estimates, allaying concerns about global chip demand and the sustainability of an AI hardware boom.Most Read from BloombergInside the ‘Utopias’ of Mexico CityHow Mexico City Averted All-Out DroughtOne City’s Plan to Re-Link a Neighborhood That Robert Moses DividedMexico Seeks to Halve Permitting Time to Attract More FactoriesChicago Should Consider Furloughs, Higher Booze

Some Cabinet members are alarmed at the scale of cuts being sought to plug a rumoured £40bn gap.

Nvidia's earnings report will once again be the biggest announcement this earnings season.