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October jobs report expected to show slowing growth amid hurricane aftermath, Boeing strike
Oct 31, 2024, 1:54 PM
Recent hurricanes and a worker strike at Boeing are expected to have weighed on job growth in October, creating a murky picture of the labor market for the Federal Reserve ahead of its next policy decision.
Boeing makes new 38% pay rise offer to striking workers
Oct 31, 2024, 8:20 PM
The union representing more than 30,000 striking workers endorsed the offer and will hold a ballot on Monday.
The house paints that promise much more than colour
Oct 31, 2024, 8:02 PM
Paints now promise to make your house cooler, warmer, or simply peel off.
Boeing Union Endorses Latest Offer to End Crippling Strike
Oct 31, 2024, 7:46 PM
(Bloomberg) -- Boeing Co. and union leaders representing 33,000 striking workers reached a tentative agreement to end a lengthy labor dispute that’s crippling the company’s commercial airplane manufacturing.Most Read from BloombergIs Denver’s Big Bet on E-Bikes Paying Off?Chicago Mayor Seeks Property Tax Hike, Breaking Campaign VowThe Answer To Making Cities More Family-Friendly? CourtyardsNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkA South Korean City Plays Matchmaker to Tackl
How Japan's youngest CEO transformed Hello Kitty
Oct 31, 2024, 7:05 PM
As the cute character celebrates her 50th anniversary, the firm behind it is now a trillion yen business.
Boeing Reaches New Deal With Union in Hopes of Ending Strike
Oct 31, 2024, 7:05 PM
The aerospace manufacturer’s largest union said it would put the contract to a vote on Monday by its 33,000 members, who rejected two earlier agreements.
BlackRock launches ETF that expands beyond the 'Magnificent Seven'
Oct 31, 2024, 7:00 PM
BlackRock's iShares is targeting investors who want to diversify beyond from the "Magnificent Seven" megacap stocks.
Apple reports better-than-anticipated Q4 revenue, earnings hurt by EU tax payment
Oct 31, 2024, 4:31 PM
Apple reported its Q4 earnings after the bell on Thursday.
Why are consumers pessimistic about the economy while inflation is cooling?
Oct 31, 2024, 6:29 PM
American households continue to feel squeezed by inflation, which contributes to a more pessimistic view about the economy even as data shows the pace of price growth slowing.
Nasdaq 100 futures rise as investors parse latest tech earnings, await jobs data: Live updates
Oct 31, 2024, 6:02 PM
The three major indexes finished Thursday and October's trading month in the red.
Amazon Reports Record $15.3 Billion Profit
Oct 31, 2024, 4:51 PM
The tech giant’s cloud computing business picked up steam and its retail business showed resiliency.
Intel stock jumps on positive outlook, despite Q3 losses
Oct 31, 2024, 4:13 PM
Shares of Intel jumped Thursday after the company said it anticipates better than expected revenue for Q4.
Amazon stock pops after Q3 earnings beat
Oct 31, 2024, 4:14 PM
Amazon reported third quarter earnings on Thursday amid a volatile week for big tech stocks.
Stock market today: Nasdaq leads sell-off after Microsoft, Meta earnings prompt Big Tech slide
Oct 31, 2024, 4:01 PM
Meta and Microsoft earnings have stirred up worries about AI and Big Tech as investors digest a Fed-favored reading on inflation.
Ford to pause production of F-150 Lightning pickup
Oct 31, 2024, 3:41 PM
Ford said it will temporarily pause production of the electric F-150 Lightning for several weeks amid sluggish consumer demand for EVs, as the company continues to reassess EV plans.
Chipotle brings back bigger portions after criticism from customers
Oct 31, 2024, 3:29 PM
Customers accused fast-casual chain Chipotle Mexican Grill of skimping out on the portion sizes of some of its most popular dishes, like burrito bowls.
New PCE reading not ideal for Fed but won't upend rate cut expectations
Oct 31, 2024, 11:29 AM
The Fed may not have received the inflation data it wanted Thursday, but some economists said the central bank is still on track for a 25 basis point rate cut at its policy meeting next week.
Nvidia stock sinks on fears of AI spending slowdown
Oct 31, 2024, 2:51 PM
Nvidia stock fell nearly 5% Thursday amid a widespread decline among chipmakers.
The Jobs Report on Friday May Be a Fluke and a Political Football
Oct 31, 2024, 2:27 PM
Economists expect the October data to show unusually weak job creation. But hurricanes and strikes may account for much of the shortfall.
Nvidia stock sinks on fears of AI slowdown, possible shipment delays
Oct 31, 2024, 2:51 PM
Nvidia stock fell nearly 5% Thursday amid a widespread decline among chipmakers.
Nvidia stock sinks on fears of AI slowdown, possible shipment delays
Oct 31, 2024, 2:51 PM
Nvidia stock fell nearly 5% Thursday amid a widespread decline among chipmakers.
U.K. Budget Makes a Big Bet on Spending for Growth
Oct 31, 2024, 1:34 PM
The Labour Party is betting that extra spending on public services and more investment will eventually revitalize the country’s stagnant economy.
Rachel Reeves doesn’t mind if you don't like her Budget
Oct 31, 2024, 1:46 PM
The Budget is about the long game on the economy and Reeves believes the current pain is a price worth paying.
Trump Media shares plummet, costing former president more than $1 billion in net worth
Oct 31, 2024, 1:16 PM
Shares of Trump Media & Technology Group had their worst day ever on Wednesday, plunging 22% and costing top shareholder and former President Trump more than $1 billion in net worth.
Britain’s Budget Makes a Big Bet on Spending for Growth
Oct 31, 2024, 1:34 PM
The Labour Party is betting that extra spending on public services and more investment will eventually revitalize the country’s stagnant economy.
UK borrowing costs at highest for a year after Budget
Oct 31, 2024, 1:18 PM
Analysts say the rise in borrowing costs is a sign the markets aren't happy about the increase in government spending.
Meta, Microsoft stocks tumble as Big Tech's AI splurge prompts investor caution
Oct 31, 2024, 1:01 PM
Meta (META) and Microsoft (MSFT) stocks tumbled Thursday as investors weighed their hefty AI expenditures against the time it will take to generate a return on their investment.
Uber stock tumbles on gross bookings miss; company still 'well positioned,' analyst says
Oct 31, 2024, 12:55 PM
Uber stock tanked on Thursday after the ride-hailing giant missed on the all-important gross bookings metric.
Mortgage rates rise for fifth straight week
Oct 31, 2024, 12:13 PM
Mortgage rates moved higher for the fifth straight week, pushing the average rate for a 30-year fixed-rate mortgage to 6.72% and the 15-year note to 5.99%.
How Elon Musk Changed Course to Go All Out for Trump
Oct 31, 2024, 12:30 PM
The billionaire has poured nearly $120 million into a pro-Trump voting effort and used his social media platform, X, to spread misinformation, despite public statements he made in the past about political neutrality.
Super Micro Computer stock sinks 14% to erase year-to-date gains after accounting firm resigns
Oct 31, 2024, 12:23 PM
Super Micro Computer stock went negative for the year after an earlier filing revealing its accounting firm had resigned.
Intel to report Q3 earnings as Wall Street looks for signs of improvements at chipmaker
Oct 31, 2024, 11:51 AM
Intel will report its Q3 earnings after the bell Thursday.
A Texas Judge’s Fight to Keep a High Profile Case Out of His Court
Oct 31, 2024, 11:32 AM
A battle over a new rule to limit credit card late fees has spiraled into a larger skirmish about how much power litigants should have to maneuver their cases into friendly courtrooms.
Under 25 – six ways the Budget will affect you
Oct 31, 2024, 11:29 AM
Among the policies announced by the chancellor, some will have a direct impact on younger people.
Why a Memphis Community Is Fighting Elon Musk’s Supercomputer
Oct 31, 2024, 11:07 AM
Residents say Mr. Musk’s data center for artificial intelligence is compounding their pollution burden and adding stress on the local electrical grid.
Their Parents Are Giving Money to Scammers. They Can’t Stop Them.
Oct 31, 2024, 11:00 AM
One son couldn’t prevent his father from giving about $1 million in savings to con artists, including one posing as a female wrestling star. The two became estranged.
Comcast Explores Spin-Out of Cable Business
Oct 31, 2024, 10:39 AM
The company’s president, Mike Cavanagh, said the company was also considering finding a partner for its Peacock streaming service.
DJT stock extends double-digit plunge after worst day yet for Donald Trump's company
Oct 31, 2024, 11:29 AM
DJT stock extended its double-digit declines on Thursday, falling 15% in another volatile trading session.
Can Stories About Abortion Break Through the Noise?
Oct 31, 2024, 11:08 AM
The reproductive rights activist Cecile Richards started a media project that merges activism and journalism on Instagram and TikTok, just days ahead of the presidential election.
Comcast Explores Spin-Out of Cable Business
Oct 31, 2024, 10:39 AM
The company’s president, Mike Cavanagh, said the company was also considering finding a partner for its Peacock streaming service.
Filmmaker R.J. Cutler Is at the Center of a Debate: What Is a Documentary?
Oct 31, 2024, 5:02 AM
R.J. Cutler, a longtime filmmaker, is at the center of a debate in Hollywood over whether documentaries about celebrities are real documentaries.
Child benefit: Planned reform scrapped
Oct 31, 2024, 10:18 AM
A planned move to a system where claims are based on household income, rather than an individual's, will not go ahead.
Stock market today: Nasdaq, S&P 500 sink as Meta, Microsoft revive Big Tech's AI spending worries
Oct 31, 2024, 9:31 AM
Meta and Microsoft earnings have stirred up worries about AI and Big Tech, as a Fed-favored reading on inflation looms.
Fed's favored inflation gauge showed price growth continued to slow in September
Oct 31, 2024, 8:35 AM
The Commerce Department released the latest data for the personal consumption expenditures index, which is closely watched by Federal Reserve policymakers and showed inflation cooled.
The Fed’s Preferred Inflation Gauge Cooled Overall in September
Oct 31, 2024, 8:47 AM
Overall inflation slowed in September from a year earlier, though some signs of stubbornness lingered under the surface.
Key Fed inflation gauge shows price increases match expectations in September
Oct 31, 2024, 8:44 AM
Thursday's release is the final look at inflation before the Fed's next policy decision on Nov. 7.
Russia fines Google more than entire world's GDP
Oct 31, 2024, 8:24 AM
The mind-boggling figure has been levied due to the company restricting Russian state media on YouTube.
Fed's preferred inflation gauge shows prices increased in line with Wall Street's expectations in September
Oct 31, 2024, 8:41 AM
Thursday's release is the final look at inflation before the Fed's next policy decision on Nov. 7.
Apple to report Q4 earnings as Wall Street looks for signs of Apple Intelligence payoff
Oct 31, 2024, 8:28 AM
Apple will report its Q4 earnings after the bell on Thursday, as Wall Street looks for signs that Apple Intelligence is helping to power iPhone sales.
The Other Trump Trade That Worries Markets
Oct 31, 2024, 8:05 AM
Robert Lighthizer, who was a huge influence on Donald Trump’s protectionist trade policy, is again a candidate for a top role if the Republican wins next week.
'This catastrophic Budget will mean higher pub prices'
Oct 31, 2024, 7:43 AM
Hiking the amount employers pay in National Insurance, coupled with other cost rises, has sparked fury from businesses.
Stock market today: Nasdaq, S&P 500 futures sink as Meta, Microsoft revive Big Tech's AI spending worries
Oct 31, 2024, 7:41 AM
Meta and Microsoft earnings have stirred up worries about AI and Big Tech, as a Fed-favored reading on inflation looms.
Stock market expert compares 2024 election to tumultuous time when the challenger prevailed over incumbent
Oct 31, 2024, 7:29 AM
CFRA Research chief investment strategist Sam Stovall suggested signs from history point to Trump likely defeating Harris in next Tuesday's election.
Stock market today: Nasdaq leads S&P 500, Dow futures lower as Big Tech earnings hopes take a knock
Oct 31, 2024, 7:13 AM
Meta and Microsoft earnings have stirred up worries about AI and Big Tech, as a Fed-favored reading on inflation looms.
October jobs report to arrive days ahead of Election Day, Fed's rate cut decision
Oct 31, 2024, 6:00 AM
The release of the October jobs report on Friday that will give American voters and the Fed's policymakers a last look at labor market data ahead of Election Day and the Fed meeting.
California restaurant owner potentially facing more closures
Oct 31, 2024, 6:00 AM
Mollie Engelhart had to close down three Sage Regenerative Kitchen restaurants in Los Angeles. She is worried she will have to shutter the final two which are 'barely hanging on.'
Price gap between new and used cars hits all-time high
Oct 31, 2024, 6:00 AM
The gap between the average price of a new vehicle compared to a used car topped $20,000 for the first time last quarter, according to data from auto shopping guide Edmunds.
Big Tech's AI splurge worries investors about returns ahead of Amazon results
Oct 31, 2024, 5:49 AM
(Reuters) -Big technology companies including Microsoft and Meta are stepping up spending to build out AI data centers in a rush to meet vast demand, but Wall Street is hungry for a quicker payday on the billions invested. Microsoft and Meta both said on Wednesday their capital expenses were growing due to their AI investments. Amazon, which is set to report results on Thursday, is likely to echo these forecasts.
Microsoft says Google running 'shadow campaigns' as Big Tech legal feud heats up
Oct 31, 2024, 4:00 AM
A legal feud between two giants of the tech world deepened this week as Microsoft accused Google of running 'shadow campaigns' to discredit Microsoft's cloud-computing business.
Inflation Is Basically Back to Normal. Why Do Voters Still Feel Blah?
Oct 31, 2024, 5:04 AM
Consumers still give the economy poor marks, though the job market is strong and price increases have faded for months.
How The Times’s Home Page Comes Together on Election Night
Oct 31, 2024, 3:00 AM
“It’s about being prepared, but also being able to pivot,” said Justin O’Neill, one of the editors who programs the home page at night.
Jack Dorsey's payments company Block expands corporate card service to the UK
Oct 31, 2024, 2:48 AM
Block, the payments company owned by tech billionaire Jack Dorsey, has launched its corporate card service in the U.K.
Budget to hit living standards in short-term, think tank says
Oct 31, 2024, 2:00 AM
The Resolution Foundation says families are also set for a further squeeze on living standards.
China's BYD overtakes Tesla revenue for first time
Oct 31, 2024, 12:21 AM
The electric vehicle giant saw its revenues jump 24% as government subsidies boost China's car industry.
New York State Chosen as National Center for Chip Manufacturing Research
Oct 31, 2024, 12:01 AM
The Biden administration will place a hub of a newly created national semiconductor technology center in upstate New York.