News - 2024-10-22

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The "total loss" of the communications satellite has affected Intelsat customers around the world.

Starbucks also said it will suspend its annual financial forecasts as its profits decline.

The International Monetary Fund said protectionism and new trade wars could weigh on growth.

At least 49 people have been sickened and one person has died, according to the CDC.

American consumers are voting with their dollar at car dealerships nationwide, where both average car costs and average insurance rates have spiked in 2024.

As more AI tools are rolled out, some argue they are contributing to employee burnout.

Denny’s Corporation is looking to close 150 of its Denny's restaurants, revealing its plans during an investor day presentation published Tuesday.

Trading activity in Donald Trump's media company provides intriguing clues about how investors expect the presidential election to unfold.

“We need to fundamentally change our strategy,” the coffee giant’s new chief executive said.

On Tuesday, the S&P 500 and Dow posted modest losses, marking back-to-back declines for both indexes.

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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 shares sank around 10% in after-hours trading on Tuesday following news of an E. coli outbreak linked to its burgers.

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.

Stocks are eyeing a second day of losses as investors rethink the outlook for interest rate cuts over the next year.

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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.

Stocks are eyeing a second day of losses as investors rethink the outlook for interest rate cuts over the next year.

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Stocks are eyeing a second day of losses as investors rethink the outlook for interest rate cuts over the next year.

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DJT

Stocks are eyeing a second day of losses as investors rethink the outlook for interest rate cuts over the next year.

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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.

Fuel prices, which had soared after Russia’s invasion of Ukraine, have dropped to their lowest level since February.

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Stocks are eyeing a second day of losses as investors rethink the outlook for interest rate cuts over the next year.

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WMT
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TSLA

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.

Trump Media & Technology Group stock hit its highest level since July, adding onto its recent rally.

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.

Patient advocates hope Dr. Michelle Tarver will lead the agency to focus more on safety and less on rapid approvals.

Walmart on Tuesday launched a pharmacy delivery service, allowing customers to get prescription drugs and general merchandise delivered in a single online cart.

Mr. Jeffries and two others were arrested in connection with a federal sex-trafficking and interstate prostitution investigation.

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.

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 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.

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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.

The restructuring of Europe’s largest lender comes as it looks to cut costs and navigate a diplomatic minefield across its sprawling operations.

Stocks are eyeing a second day of losses as investors rethink the outlook for interest-rate cuts over the next year.

The global financial institution predicts stronger UK growth of 1.1% this year and 1.5% next year.

The International Monetary Fund said protectionism and new trade wars could weigh on growth.

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.

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.

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.

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Celebrities including Elon Musk and Martin Lewis repeatedly feature in ads for products they have not endorsed.

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.

Stocks are eyeing a second day of losses as investors rethink the outlook for interest-rate cuts.

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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 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 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.

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.

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In an interview, the Treasury secretary also highlighted progress at the World Bank and the International Monetary Fund ahead of annual meetings this week.

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.

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.

Pam Kaur is the first woman in the banking giant's 159-year history to become its chief financial officer.

Alcon Entertainment says it specifically denied a request to use material from the film at the event.

(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

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.

Borrowing - the difference between spending and tax revenue - came in lower than expected on Tuesday.

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.

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.