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Man Arrested in Japan After Attack on Governing Party Headquarters
Oct 18, 2024, 11:43 PM
An assailant tried to breach security at the office of the new prime minister, Shigeru Ishiba, a public broadcaster reported.
US budget deficit tops $1.8 trillion in fiscal 2024, third-largest on record
Oct 18, 2024, 6:44 PM
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.
Nicholas Daniloff, 89, Dies; Reporter’s Arrest in Moscow Ignited a Firestorm
Oct 18, 2024, 6:43 PM
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 fundraising slumps after antisemitism controversy
Oct 18, 2024, 5:23 PM
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 secures fresh record after earnings, subscriber growth top estimates
Oct 18, 2024, 4:14 PM
Netflix stock is rising after the streaming giant beat third quarter EPS and revenue estimates. Here's what to know.
Stock market today: S&P 500 sets record, longest weekly win streak of 2024 as Netflix surges
Oct 18, 2024, 4:11 PM
The major gauges are on track for a sixth weekly win in a row after a strong start to earnings season.
Veterans Dept. Investigating Acadia Healthcare for Insurance Fraud
Oct 18, 2024, 2:49 PM
Several federal agencies are investigating whether the large chain of psychiatric hospitals held patients without medical justification.
Utilities outperform the broader markets amid enthusiasm over AI electricity demand
Oct 18, 2024, 1:57 PM
Utilities is on fire this year. Here's what's driving the demand.
Aldi, Walmart, others tout Thanksgiving meal deals
Oct 18, 2024, 1:22 PM
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.
Trump's plan to take heat off mom-and-pop pockets: Cut major utility bill by half 'immediately'
Oct 18, 2024, 12:27 PM
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.'
What is inheritance tax, who pays it and will it change?
Apr 11, 2016, 8:12 AM
Inheritance tax is again creating political debate so how does it work and who pays?
Spirit Aero to furlough 700 workers for 21 days due to Boeing strike
Oct 18, 2024, 9:46 AM
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.
Money Market Rates Are Lower, Yes. But Compared to What?
Oct 18, 2024, 9:00 AM
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.
At the Grocery Store, Blinded by the Light of the ‘Health Halo’
Oct 18, 2024, 5:00 AM
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.
CVS Ousts Karen Lynch as C.E.O. and Shares Fall
Oct 18, 2024, 10:05 AM
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 surges after earnings, subscriber growth top estimates
Oct 18, 2024, 9:38 AM
Netflix stock is rising after the streaming giant beat third quarter EPS and revenue estimates. Here's what to know.
Tesla Self-Driving System Will Be Investigated by Safety Agency
Oct 18, 2024, 9:46 AM
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 names David Joyner new CEO, replacing Karen Lynch
Oct 18, 2024, 8:20 AM
CVS Health tapped industry veteran David Joyner to become CEO and turnaround the struggling business.
Stock market today: Nasdaq, S&P 500 step higher as Netflix jumps after earnings beat
Oct 18, 2024, 9:31 AM
The major gauges are on track for a sixth weekly win in a row after a strong start to earnings season.
Faster grid hook-ups planned for some green energy projects
Oct 18, 2024, 8:18 AM
Wind farms ready to be built will be connected to the electricity grid quicker under government plans.
Homeowners Tap Into Their Rising Home Equity
Oct 18, 2024, 9:00 AM
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.
What’s at Stake in a Strained Microsoft-OpenAI Partnership
Oct 18, 2024, 8:33 AM
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.
CVS replaces CEO, pulls profit forecast as investor pressure mounts
Oct 18, 2024, 8:22 AM
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.
Boohoo considers selling Karen Millen and Debenhams
Oct 18, 2024, 8:07 AM
The online fashion firm is mulling whether to off-load its brands as sales remain under pressure.
Netflix will 'continue to evolve' its pricing model but loves 'the low price point' of its $6.99 ads plan
Oct 17, 2024, 6:18 PM
Netflix did not raise its streaming prices in the US, but analysts anticipate a price hike to come by the end of the year.
Bitcoin: Alleged hacker Googled 'signs the FBI is after you'
Oct 18, 2024, 6:08 AM
A man from Georgia is alleged to be part of a group which hacked the US regulator's X account.
Where was inflation the highest in September? Boston and Chicago ranked near the top
Oct 18, 2024, 6:00 AM
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.
Why neighborhood pharmacies are closing
Oct 18, 2024, 6:00 AM
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.
A growing share of Gen Z adults don't think they'll retire: only 20% are saving for it
Oct 18, 2024, 6:00 AM
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 next big AI trade could be nuclear power: Morning Brief
Oct 18, 2024, 6:01 AM
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.
How Is the Economy for Black Voters? A Complex Question Takes Center Stage.
Oct 18, 2024, 5:00 AM
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 for alleged SEC hack and bitcoin manipulation
Oct 18, 2024, 4:23 AM
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.
The one big bank that had a challenging week
Oct 18, 2024, 4:00 AM
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.
Analysis-From bitcoin to Mexican peso, ‘Trump trades’ are appearing again
Oct 18, 2024, 1:05 AM
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.
After rejecting Google takeover, cyber firm Wiz says it will IPO 'when the stars align'
Oct 18, 2024, 3:39 AM
Wiz is hoping to achieve $1 billion in annual recurring revenue in 2025 — a key condition the company wants to meet before going public.