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Boeing-made communications satellite breaks up in space
Oct 22, 2024, 11:50 PM
The "total loss" of the communications satellite has affected Intelsat customers around the world.
New Starbucks boss plans 'fundamental change' and simpler menu
Oct 22, 2024, 9:49 PM
Starbucks also said it will suspend its annual financial forecasts as its profits decline.
I.M.F. Says Inflation Fight Is Largely Over but Warns of New Threats
Oct 22, 2024, 9:00 AM
The International Monetary Fund said protectionism and new trade wars could weigh on growth.
McDonald's hamburgers linked to deadly E. coli outbreak in the US
Oct 22, 2024, 4:58 PM
At least 49 people have been sickened and one person has died, according to the CDC.
Americans shift to more affordable cars as prices, insurance costs increase nationally: report
Oct 22, 2024, 7:05 PM
American consumers are voting with their dollar at car dealerships nationwide, where both average car costs and average insurance rates have spiked in 2024.
AI at work: Will it contribute to employee burnout?
Oct 22, 2024, 7:09 PM
As more AI tools are rolled out, some argue they are contributing to employee burnout.
Denny's to close 150 restaurant locations
Oct 22, 2024, 6:37 PM
Denny’s Corporation is looking to close 150 of its Denny's restaurants, revealing its plans during an investor day presentation published Tuesday.
Commentary: The Trump trade is getting wild
Oct 22, 2024, 3:50 PM
Trading activity in Donald Trump's media company provides intriguing clues about how investors expect the presidential election to unfold.
Starbucks Reports a Slide in Sales and Traffic
Oct 22, 2024, 6:30 PM
“We need to fundamentally change our strategy,” the coffee giant’s new chief executive said.
Stock futures slide after S&P 500 posts first back-to-back decline since early September: Live updates
Oct 22, 2024, 6:02 PM
On Tuesday, the S&P 500 and Dow posted modest losses, marking back-to-back declines for both indexes.
E. Coli Outbreak Linked to McDonald’s Quarter Pounders
Oct 22, 2024, 5:07 PM
The C.D.C. said that nearly 50 people had become ill and one person had died from the deadly bacteria, which the agency tied to an ingredient in one of the fast food chain’s burger items.
McDonald's stock sinks after CDC reports E. coli outbreak linked to quarter pounder
Oct 22, 2024, 4:52 PM
McDonald's shares sank around 10% in after-hours trading on Tuesday following news of an E. coli outbreak linked to its burgers.
Ten hospitalized, one dies after E. Coli infections linked to McDonald's quarter pounder, says CDC
Oct 22, 2024, 4:29 PM
Shares of McDonald's were down 9.2% after the bell. McDonald's has proactively removed the slivered onions and beef patties used for the quarter pounder hamburgers from stores in the affected states while the investigation continues, the company informed the CDC. Quarter pounders in some states may be temporarily unavailable, according to the CDC's statement.
Stock market today: S&P 500 posts back-to-back losses for first time since September as rally stalls
Oct 22, 2024, 4:17 PM
Stocks are eyeing a second day of losses as investors rethink the outlook for interest rate cuts over the next year.
IRS sets new tax brackets, raises standard deduction for 2025
Oct 22, 2024, 4:06 PM
The IRS released its inflation adjustments to income thresholds for tax brackets as well as deductions, credits and other provisions that will take effect for tax year 2025.
Stock market today: S&P 500 posts back-to-back losses for first time since September as rally stalls
Oct 22, 2024, 4:11 PM
Stocks are eyeing a second day of losses as investors rethink the outlook for interest rate cuts over the next year.
Stock market today: S&P 500 posts back-to-back losses for first time since September as rally stalls
Oct 22, 2024, 4:11 PM
Stocks are eyeing a second day of losses as investors rethink the outlook for interest rate cuts over the next year.
Stock market today: S&P 500 posts back-to-back losses for first time since September as rally stalls
Oct 22, 2024, 4:11 PM
Stocks are eyeing a second day of losses as investors rethink the outlook for interest rate cuts over the next year.
Taxpayers will get higher standard deductions in 2025, IRS announces
Oct 22, 2024, 1:01 PM
U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns. The Internal Revenue Service detailed the increases in its annual inflation adjustments announced Tuesday. For single taxpayers and married individuals filing separately in tax year 2025, the standard deduction is rising to $15,000 — up $400 from 2024.
Despite Global Crises, Gas Prices Slide as U.S. Election Nears
Oct 22, 2024, 2:41 PM
Fuel prices, which had soared after Russia’s invasion of Ukraine, have dropped to their lowest level since February.
Stock market today: Dow, Nasdaq, S&P 500 recover from lows as Treasury yields hit highest level since July
Oct 22, 2024, 2:39 PM
Stocks are eyeing a second day of losses as investors rethink the outlook for interest rate cuts over the next year.
The stock market's era of big gains may not be over
Oct 22, 2024, 2:30 PM
A recent report from Goldman Sachs called for weaker gains in the S&P 500 over the next decade. But further detail from Goldman's team and other Wall Street strategists offers more optimism on the investing outlook.
DJT stock surges to highest level since July as bets rise on Trump election odds
Oct 22, 2024, 2:18 PM
Trump Media & Technology Group stock hit its highest level since July, adding onto its recent rally.
Researchers say Arkansas may have 19M tons of lithium critical for battery power
Oct 22, 2024, 1:57 PM
A new study by the U.S. Geological Survey found massive lithium reserves in southwestern Arkansas that could have between 5 million and 19 million tons of lithium.
FDA Names a New Chief of Medical Devices
Oct 22, 2024, 1:42 PM
Patient advocates hope Dr. Michelle Tarver will lead the agency to focus more on safety and less on rapid approvals.
Walmart launches nationwide same-day prescription delivery
Oct 22, 2024, 11:54 AM
Walmart on Tuesday launched a pharmacy delivery service, allowing customers to get prescription drugs and general merchandise delivered in a single online cart.
Mike Jeffries, Former Abercrombie CEO, Arrested in Sex Trafficking Case
Oct 22, 2024, 11:35 AM
Mr. Jeffries and two others were arrested in connection with a federal sex-trafficking and interstate prostitution investigation.
Jamie Dimon Privately Supports Kamala Harris. He Just Won’t Say So.
Oct 22, 2024, 11:21 AM
JPMorgan’s chief executive has told associates of his support for the vice president, and his dislike of Donald Trump. But fearful of blowback, he won’t say it publicly.
Trump Media’s Soaring Share Price Masks Truth Social’s Internal Strife
Oct 22, 2024, 11:18 AM
Employees have complained to the board about hiring and management practices at the parent company of Truth Social, which serves as the main online megaphone for former President Donald Trump.
Target cutting prices on 2,000 items ahead of holiday shopping season
Oct 22, 2024, 11:08 AM
Target is implementing price cuts on thousands of its in-house and national brand items in an effort to drive traffic at its stores and online during the holiday season.
‘No Smoking’ Sign on Planes Won’t Need Off Switch After FAA Rule Change
Oct 22, 2024, 11:02 AM
The Federal Aviation Administration did away with a rule that had required an off switch for the sign even though smoking on U.S. flights ended years ago.
HSBC Announces Restructuring and Names First Female C.F.O.
Oct 22, 2024, 9:39 AM
The restructuring of Europe’s largest lender comes as it looks to cut costs and navigate a diplomatic minefield across its sprawling operations.
Stock market today: Dow, Nasdaq, S&P 500 slide as Treasury yields hit highest level since July
Oct 22, 2024, 9:37 AM
Stocks are eyeing a second day of losses as investors rethink the outlook for interest-rate cuts over the next year.
UK growth 'set to accelerate' to 1.5% next year, says IMF
Oct 22, 2024, 9:01 AM
The global financial institution predicts stronger UK growth of 1.1% this year and 1.5% next year.
I.M.F. Says Inflation Fight Is Largely Over but Warns of New Threats
Oct 22, 2024, 9:00 AM
The International Monetary Fund said protectionism and new trade wars could weigh on growth.
SAP boss warns against regulating AI, says Europe risks falling behind U.S., China
Oct 22, 2024, 8:11 AM
Christian Klein, head of German software giant SAP, says Europe risks falling behind the U.S. and China if it ends up overregulating the AI sector.
The Quest to Save Koshihikari Rice From the Effects of Climate Change
Oct 22, 2024, 4:57 AM
Scientists in Japan are mining DNA to try to make the country’s famous Koshihikari rice resistant to heat, after a broiling summer ravaged the crop.
Is an End to the S&P 500’s Record Rally in Sight?
Oct 22, 2024, 7:47 AM
The S&P 500’s huge gains over the past two years won’t be duplicated some analysts say, as a series of economic challenges piles up.
Meta combats celebrity scam ads with face recognition tech
Oct 22, 2024, 6:33 AM
Celebrities including Elon Musk and Martin Lewis repeatedly feature in ads for products they have not endorsed.
GM beats on Q3 earnings, raises profit forecast for 3rd time this year
Oct 22, 2024, 6:30 AM
Investors are expecting more upbeat results from GM after the automaker raised its guidance for a second time earlier this year. Questions around GM’s EV business and inventory management, however, will be in focus.
Stock market today: Dow, S&P 500 poised for more losses as Fed rate-cut doubts build
Oct 22, 2024, 6:30 AM
Stocks are eyeing a second day of losses as investors rethink the outlook for interest-rate cuts.
Election day is closing in and investors are betting on the U.S. dollar
Oct 22, 2024, 6:00 AM
Currency markets' demand for the U.S. dollar has surged in recent weeks as uncertainty about the outcome of the fast-approaching election mounts, with traders hedging their bets.
Boeing strike costliest in economic damage so far in 2024
Oct 22, 2024, 6:00 AM
Boeing and its striking union machinists have reached a tentative deal that could end the work stoppage, which analysts say has been the most costly of 2024.
McDonald's is in the spotlight lately: what is the hourly pay for employees?
Oct 22, 2024, 6:00 AM
McDonald's raised wages for its employees at corporate-owned restaurants over the past three years. It pledged that company-owned restaurants would increase to $15 an hour by 2024.
The case for a 'Magnificent 7' resurgence: Morning Brief
Oct 22, 2024, 6:00 AM
While a broadening of the stock market rally has led the S&P 500 toward record highs, further earnings dominance could favor the Magnificent Seven tech stocks into the end of the year.
Yellen Rebukes Chinese Lending Practices in Call for Debt Relief
Oct 22, 2024, 5:05 AM
In an interview, the Treasury secretary also highlighted progress at the World Bank and the International Monetary Fund ahead of annual meetings this week.
For Vance, an Idyllic Appalachian Startup Became a Hard Lesson
Oct 22, 2024, 5:00 AM
During JD Vance’s brief career as a venture capitalist, few startups attracted his support more than AppHarvest, a now bankrupt plan to build greenhouses across Appalachia.
How some big businesses could escape fallout from Trump’s ‘blanket’ tariffs
Oct 22, 2024, 4:00 AM
A growing question around Trump's plan for universal tariffs is who will be able to evade these so-called 'blanket' duties. Options may be significantly more numerous for bigger businesses.
HSBC names first female finance chief in shakeup
Oct 22, 2024, 3:36 AM
Pam Kaur is the first woman in the banking giant's 159-year history to become its chief financial officer.
Blade Runner 2049 producers sue Elon Musk over cybercab images
Oct 22, 2024, 12:07 AM
Alcon Entertainment says it specifically denied a request to use material from the film at the event.
Bonds are selling off everywhere as traders rethink Fed pathway
Oct 22, 2024, 2:58 AM
(Bloomberg) -- Bonds are falling around the world as investors mull prospects of slower US interest-rate cuts, a trend that risks upending debt positions everywhere. Most Read from BloombergClimate Change Is Killing Buildings in Slow MotionHow Kyiv Became a Leader in Digital Services Amid Wartime StrainA Broken Oil Pipeline Plunges South Sudan’s Capital Into ChaosDrug Decriminalization Spawns a Political Debacle for ProgressivesDhaka's Revolutionary Makeover Pits Visions of Peace Against Vengean
More startups are being spun out of Klarna than any other European fintech unicorn
Oct 22, 2024, 3:00 AM
Alumni from Klarna have gone on to create 62 new startups — more than any other fintech unicorn in Europe, according to a new report from VC firm Accel.
Government borrowing for September third highest on record
Oct 22, 2024, 2:12 AM
Borrowing - the difference between spending and tax revenue - came in lower than expected on Tuesday.
HSBC names Pam Kaur as first female CFO amid major restructuring
Oct 22, 2024, 1:57 AM
HSBC on Tuesday named veteran insider Pam Kaur as its first female finance chief and announced a consolidation of the bank into four business units.
In a Malaysian Pop-Up City, Echoes of China’s Housing Crash
Oct 22, 2024, 12:01 AM
Forest City was an audacious $100 billion project by a top Chinese developer. Today, the project is a fraction of what had been planned and the developer is broke.