News - 2024-10-18

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An assailant tried to breach security at the office of the new prime minister, Shigeru Ishiba, a public broadcaster reported.

WASHINGTON (Reuters) -The U.S. budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era, as interest on the federal debt exceeded $1 trillion for the first time and spending grew for the Social Security retirement program, health care and the military, the Treasury Department said on Friday. It was the third-largest federal deficit in U.S. history, after the pandemic relief-driven deficits of $3.132 trillion in fiscal 2020 and $2.772 trillion in fiscal 2021. The fiscal 2023 deficit had been reduced by the reversal of $330 billion of costs associated with President Joe Biden's student loan program after it was struck down by the U.S. Supreme Court.

A veteran foreign correspondent during the Cold War, he was held on trumped-up espionage charges. He credited President Ronald Reagan with fighting for his release.

Harvard and its endowment saw donations decline by about $150 million over the past year after a controversy over the administration's handling of antisemitic protests on campus.

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

The major gauges are on track for a sixth weekly win in a row after a strong start to earnings season.

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Several federal agencies are investigating whether the large chain of psychiatric hospitals held patients without medical justification.

Utilities is on fire this year. Here's what's driving the demand.

Major grocery stores, such as Walmart and Aldi, are already doling out Thanksgiving basket deals to lure in shoppers who are being choiceful about their spending.

Donald Trump is vowing to cut energy costs and gas appliances by 50% if he's reelected to a second term, in a Friday sit-down interview on "Fox & Friends."

Professional Capital Management founder Anthony Pompliano explains why Wall Street is overthinking the cryptocurrency space on 'The Big Money Show.'

Inheritance tax is again creating political debate so how does it work and who pays?

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Production of Boeing's 767 and 777 widebody jets was halted during the strike by more than 33,000 West Coast factory workers that started on Sept. 13.

Even with further Fed rate cuts likely, money market funds are a good alternative for stashing cash, and investors are still flocking to them, our columnist says.

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The term refers to the perception that a food product is generally good for us based on a single claim, casting subliminal power over our diets and dollars.

Shares of the health care conglomerate dropped after the sudden departure of Karen Lynch and a downbeat update on the state of the company’s finances.

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

The National Highway Transportation Safety Administration said it was looking into what Elon Musk’s electric car company called the full self-driving system.

CVS Health tapped industry veteran David Joyner to become CEO and turnaround the struggling business.

The major gauges are on track for a sixth weekly win in a row after a strong start to earnings season.

Wind farms ready to be built will be connected to the electricity grid quicker under government plans.

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Balances on home equity lines of credit have risen along with home equity loans. Popular reasons for borrowing include home renovations and repairs and debt consolidation.

The alliance between the technology giant and the company behind OpenAI has been hugely consequential — but a disruption could shake up the A.I. race.

Shares fell 11% in premarket trading, adding to this year's losses, as CVS also forecast quarterly adjusted profit below estimates. Shareholders have become increasingly nervous about repeated profit forecast cuts this year as its drugstores face reimbursement pressures and high costs hit the health insurance industry. Investor Glenview Capital said earlier this month it was working with CVS to help improve operations as the company faces one of the most challenging periods in its six-decade history.

The online fashion firm is mulling whether to off-load its brands as sales remain under pressure.

Netflix did not raise its streaming prices in the US, but analysts anticipate a price hike to come by the end of the year.

A man from Georgia is alleged to be part of a group which hacked the US regulator's X account.

Americans are facing vastly different rates of inflation depending on where in the U.S. they live, as the Northeast and Midwest regions experienced faster price growth in September.

Retail pharmacies will never be obsolete, according to an analyst. But the industry needs to take a hard look at how many stores are needed and what items they should sell.

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Gen Z adults are increasingly saying they do not anticipate having a traditional retirement, and only one in five are saving in preparation. That has experts concerned.

The AI conversation has been about energy all year. But a few recent developments have brought focus back to a very efficient but somewhat abandoned form of energy: nuclear.

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Donald J. Trump has been talking up his economic record for Black voters. The legacy of the last eight years is complicated.

Alabama man arrested by FBI in connection with the January 2024 unauthorized takeover of the U.S. Securities and Exchange Commission’s (SEC) X account.

Investors cheered earnings from many of the biggest banks this past week with one notable exception: Citigroup. A big reason was some confusion that took hold during the lender's quarterly call with analysts.

Corners of financial markets that could feel the impact of a Donald Trump victory are stirring again, as the U.S. presidential race tightens with less than three weeks until Election Day. Assets ranging from small-cap stocks to bitcoin have climbed in recent weeks while the Mexican peso and Treasuries have slipped, as polls show a tight race between Republican candidate Trump and his Democratic opponent, Vice President Kamala Harris. The moves echo the so-called Trump trades from earlier this year when he pulled ahead of President Joe Biden, only to fade after Biden withdrew.

Wiz is hoping to achieve $1 billion in annual recurring revenue in 2025 — a key condition the company wants to meet before going public.