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Stay informed with the latest market news and analysis.
China economy slowdown deepens, official figures show
Oct 17, 2024, 10:08 PM
Gross domestic product rose by 4.6% on an yearly basis, below the government's 5% annual target.
Microsoft and OpenAI’s Close Partnership Shows Signs of Fraying
Oct 17, 2024, 8:56 PM
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.
Netflix Adds 5 Million Subscriptions in Quarter
Oct 17, 2024, 4:00 PM
The additions helped lift revenue to $9.8 billion during the period, a 15 percent increase from the same period last year.
China’s Lackluster Growth Continues, Signaling Why Beijing Acted on Economy
Oct 17, 2024, 10:02 PM
Falling prices, weak consumer spending and a housing market crash help to explain why the Chinese government is taking steps to stimulate the economy.
Treasury hints Labour will spend billions on infrastructure
Oct 17, 2024, 8:01 PM
Billions of pounds of government borrowing could be spent on new infrastructure projects because of new self-imposed Treasury rules.
Volcano power: Icelandic scientist plan to drill down to magma
Oct 17, 2024, 7:03 PM
In Iceland scientists plan to drill down to magma to understand it and use it for energy production.
Fraudsters steal £3m a day as cases rise
Oct 17, 2024, 7:01 PM
Fraud cases rise by 16% in the first half of the year, but total losses are down slightly, new data shows.
Marvin Preston IV, 80, Dies; Saved the Martha Graham Dance Company
Oct 17, 2024, 6:31 PM
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.
Dow futures are little changed after blue-chip average closes at all-time high: Live updates
Oct 17, 2024, 6:01 PM
The 30-stock index finished Thursday's session at a record closing level.
Netflix hikes prices in some countries as growth fades
Oct 17, 2024, 5:03 PM
Netflix announces some price hikes, as growth from password sharing crackdown starts to fade.
Inheritance tax increases expected for some in Budget
Oct 17, 2024, 4:40 PM
It is not known how many people are likely to end up paying more under the government's plan.
Ferrari's $3.9M F80 is destined to become the 'ultimate collector's piece'
Oct 17, 2024, 3:36 PM
A new Ferrari (hybrid) hypercar is on the way.
Netflix earnings, subscriber growth top estimates as investors eye potential price hikes
Oct 17, 2024, 4:22 PM
Netflix stock is rising after the streaming giant beat third quarter EPS and revenue estimates. Here's what to know.
Stock market today: Dow hits fresh record, Nvidia and chip stocks jump
Oct 17, 2024, 4:03 PM
A monthly report on retail sales could provide clues to whether the Fed will go for "no cut" at its next meeting.
Netflix earnings, subscriber growth top estimates as investors eye potential price hikes
Oct 17, 2024, 4:08 PM
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 Rip-Off’: Students Secure a Final Settlement Against Walden University
Oct 17, 2024, 4:07 PM
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.
Stock market today: Dow, Nasdaq rise as Nvidia and chip stocks jump
Oct 17, 2024, 4:02 PM
A monthly report on retail sales could provide clues to whether the Fed will go for "no cut" at its next meeting.
Why GM’s Mary Barra Still Believes in EVs, Despite Slow Sales
Oct 17, 2024, 11:20 AM
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.
Arie Kopelman, Former President of Chanel Inc., Dies at 86
Oct 17, 2024, 2:35 PM
Arriving at the storied luxury house two years after Karl Lagerfeld, he helped guide a boom in both products and revenues.
Major paint company to lay off 1,800 workers, close facilities
Oct 17, 2024, 2:27 PM
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.
Stuart Varney: Kamala Harris' Fox News interview was 'very revealing'
Oct 17, 2024, 2:03 PM
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.
Amazon Enters News With Live Election Coverage From Brian Williams
Oct 17, 2024, 1:42 PM
The tech giant has been increasing live programming on its streaming service, but this will be its first test with news.
Luxury king Bernard Arnault's net worth takes multibillion-dollar hit after LVMH shares fall
Oct 17, 2024, 1:32 PM
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.
Retail Sales Surpass Expectations, Sign of Solid US Economy
Oct 17, 2024, 12:55 PM
A new report showing a rise in retail sales in September indicates that consumer spending, a key engine of economic growth, remains robust.
Lucid stock tanking as EV-maker announces share sale ahead of SUV launch
Oct 17, 2024, 12:14 PM
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.
Instagram-owner Meta fires staff for buying toothpaste, not lunch
Oct 17, 2024, 12:28 PM
Meta workers reportedly used vouchers that should have been spent on meals to buy household goods.
EV maker Lucid selling more stock to raise cash ahead of SUV launch
Oct 17, 2024, 12:14 PM
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 march higher for third straight week
Oct 17, 2024, 12:07 PM
Mortgage rates climbed again for a third straight week, further dinging demand as the housing market continues to suffer from an affordability crisis.
Mortgage rates spike for third straight week while buyers grow cautious
Oct 17, 2024, 12:01 PM
Higher mortgage rates mean fewer buyers and refinancers are moving forward with transactions. The average on a 30-year loan hit 6.44%.
Family of Tennessee factory worker killed in Helene floodwaters files lawsuit against employer
Oct 17, 2024, 11:26 AM
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.
California oil refinery announces closure after Newsom signs more regulations
Oct 17, 2024, 11:34 AM
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.
Trump Tests Republican Appetite for Tax Cuts
Oct 17, 2024, 11:27 AM
Former President Donald J. Trump’s costly tax agenda undermines the changes he signed into law in 2017. Some Republicans are wary.
Stock market today: Dow, S&P 500, Nasdaq rise as TSMC outlook prompts chip stock boost
Oct 17, 2024, 11:08 AM
A monthly report on retail sales could provide clues to whether the Fed will go for "no cut" at its next meeting.
US Retail Sales Showcase Ongoing Resilience of Economy’s Engine
Oct 17, 2024, 10:34 AM
(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,
Kamala Harris has a new campaign trail partner: Mark Cuban
Oct 17, 2024, 5:00 AM
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 show solid increase in September
Oct 17, 2024, 10:46 AM
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.
Why 401(k) plans are the 'final frontier' for exchange-traded funds
Oct 17, 2024, 10:49 AM
Exchange-traded funds have made little headway in 401(k) plans even as they've steadily gained market share in other accounts.
Universal Epic Orlando Theme Park Will Open in May
Oct 17, 2024, 10:16 AM
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.
Stock market today: Dow, S&P 500, Nasdaq jump as TSMC outlook prompts chip stock rally
Oct 17, 2024, 9:35 AM
A monthly report on retail sales could provide clues to whether the Fed will go for "no cut" at its next meeting.
Stock market today: Dow, S&P 500, Nasdaq jump as TSMC outlook prompts chip stock rally
Oct 17, 2024, 9:34 AM
A monthly report on retail sales could provide clues to whether the Fed will go for "no cut" at its next meeting.
Stock market today: Dow, S&P 500, Nasdaq jump as TSMC outlook prompts chip stock rally
Oct 17, 2024, 9:35 AM
A monthly report on retail sales could provide clues to whether the Fed will go for "no cut" at its next meeting.
Robinhood launches platform to go after bigger, more active traders
Oct 17, 2024, 8:45 AM
Robinhood unveiled a new desktop-based platform called Legend on Thursday, aimed at active traders who want more detailed analysis of stocks.
White House, Used to Road Blocks on Student Debt, Finds Cause for Victory Lap
Oct 17, 2024, 5:06 AM
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.
ECB Cuts Interest Rates Again as Eurozone Inflation Slows
Oct 17, 2024, 8:19 AM
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.
Stock market today: Nasdaq futures jump as TSMC outlook eases AI worries
Oct 17, 2024, 6:54 AM
A monthly report on retail sales could provide clues to whether the Fed will go for "no cut" at its next meeting.
Will Netflix raise prices again? Analysts think so
Oct 17, 2024, 6:00 AM
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.
Yellen to Warn Sweeping Tariffs Would Ignite Inflation
Oct 17, 2024, 5:06 AM
The Treasury secretary plans to criticize former President Donald J. Trump’s economic proposals in a speech.
Donald Trump is set for a McDonald's stop in latest 2024 campaign effort to claim the golden arches
Oct 17, 2024, 4:00 AM
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.
TSMC Raises Revenue Outlook in Show of Confidence in AI Boom
Oct 17, 2024, 2:29 AM
(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
Ministers complain to Treasury over spending cuts
Oct 17, 2024, 2:54 AM
Some Cabinet members are alarmed at the scale of cuts being sought to plug a rumoured £40bn gap.
Nvidia is set to dominate another Big Tech earnings season
Oct 16, 2024, 3:45 PM
Nvidia's earnings report will once again be the biggest announcement this earnings season.