News - 2024-11-13

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Which? is seeking a £3bn payout for UK users as a result of the legal action it is launching.

The search involving Shayne Coplan, the founder of Polymarket, known for its presidential election odds, was part of a criminal investigation, three people said.

Beijing-based Shengshu Technology updated its artificial intelligence-powered text-to-video tool Vidu for generating videos based on separate images.

Parents say they feel penalised by the high cost of formula, which cannot be discounted under the law.

With its rich resources, uranium mining companies want Canada to play a key role in fuelling nuclear reactors worldwide.

Amid Bitcoin's resurgence, Odell Beckham Jr. revisited his now three-year-old decision to convert his NFL salary into cryptocurrency in alignment with his partnership with Cash App.

Three-time Super Bowl winner Patrick Mahomes and wife Brittany are part of the ownership group of the Current, Kansas City's professional women's soccer franchise.

Nvidia and Meta are fighting two Supreme Court cases that they claim will flood the legal system with investor lawsuits if not decided in their favor. So far things aren't exactly going their way.

He built his family’s oil-refining operation into one of the largest companies in the country, and then used his wealth to benefit charitable causes.

Investors are deliberating whether a postelection rally following Donald Trump's decisive victory last week still has room.

Banks raised $23.5 billion by issuing investment-grade bonds on Tuesday, the biggest debt issuance by financial institutions in a single day since the beginning of 2016, as they anticipate potentially higher interest rates next year. The $23.5 billion in debt issued by financial institutions accounted for 78% of Tuesday's total $30.15 billion in high-grade bond sales, which was the fifth-largest day of overall issuance in 2024, according to a Wednesday report by BMO Capital Markets. "From yesterday's flood of issuance, it seems like banks are issuing bonds now to get ahead of what could happen next year with rates" under President-elect Donald Trump's administration, said Jack McIntyre, global fixed income portfolio manager at Brandywine Global.

The chancellor wants to merge the UK's pension funds, but critics worry about the impact on savers.

As he continues to shake up his old image, Meta’s chief executive has collaborated with the singer on a version of the hit song that was playing when he met his wife.

Spirit stock plunges the most on record as the threat of bankcrupty looms for the low cost carrier.

The wait is on for fresh consumer inflation data as investors weigh whether a Donald Trump White House would whip up price pressures.

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The wait is on for fresh consumer inflation data as investors weigh whether a Donald Trump White House would whip up price pressures.

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Amazon has launched a low-cost online storefront featuring electronics, apparel and other products priced at under $20, an effort to compete with discount retailers that have increasingly encroached on the e-commerce giant's turf. In a blog post on Wednesday, the company said the new Amazon Haul storefront will mostly feature products that cost less than $10 and offer free delivery on orders over $25. Amazon plans to ship the products to U.S. customers from a warehouse it operates in China, according to documentation the company provided to sellers.

The ruling, stemming from a complaint against Amazon, bars companies from compelling workers to attend meetings on unionization’s downsides.

President-elect Donald Trump charged Elon Musk and former presidential candidate Vivek Ramaswamy with cutting government spending. Years of comments from both men suggest they could aim to do much more than slim down Washington.

The wait is on for fresh consumer inflation data as investors weigh whether a Donald Trump White House would whip up price pressures.

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DirecTV scrapping DISH merger

Nov 13, 2024, 1:03 PM

Satellite TV provider DirecTV is walking away from its planned acquisition of EchoStar's video distribution service, Dish DBS, after Dish bondholders rejected a debt exchange.

Insurers that paid claims say a deal unfairly keeps them from recouping their own losses.

Rivian stock is surging after the EV maker announced an expansion of its partnership with Volkswagen, with the German automaker pouring more money into the joint venture.

The ILA union representing East and Gulf Coast dockworkers walked away from negotiating with port employers over concerns about automation, raising the risk of the strike resuming.

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The outlook for inflation is uncertain as economists warn of potential pressures from Trump policies.

The elevation of Elizabeth Warren as the top Democrat on a key Senate banking panel could mean some headaches for Wall Street financial giants in 2025

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(Bloomberg) -- Donald Trump’s election victory has catapulted US stocks to fresh records and pushed the dollar to a two-year high. It’s anything but good news for the rest of the world. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesNo Water by Year-End for This Zimbabwean City of 700,000 PeopleArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictEquities excluding the US are tumbling,

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Homebase enters administration, but The Range buys up to 70 stores and the brand.

Expelling noncitizens on a mass scale is likely to raise prices on goods and services and lower employment rates for U.S. workers, many economists say.

Spirit Airlines is reportedly planning to file for bankruptcy protection in a matter of weeks after revived merger talks with Frontier Airlines fell through.

Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.

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The wait is on for fresh consumer inflation data as investors weigh whether a Donald Trump White House would whip up price pressures.

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Liberty Media, which owns stakes in Formula One and Live Nation, is spinning off some of its assets in a corporate restructuring.

Spirit stock plunges the most on record as the threat of bankcrupty looms for the low cost carrier.

Regulators want to give more time to car dealers potentially facing a deluge of mis-selling claims.

Cantor Fitzgerald CEO and President-elect Donald Trump’s transition co-chair, Howard Lutnick, is said to be "campaigning hard" behind the scenes to get the coveted Treasury secretary job.

Banks are under pressure to kick criminals off their platforms and compensate more victims as regulators and lawmakers focus on the harm done by digital scams.

Inflation rose slightly in October in line with economists' expectations, as the consumer price index was up 2.6% from a year ago and 0.2% compared with last month.

Prices in the US rose 2.6% over the 12 months to October, driven by more expensive food and groceries.

The wait is on for fresh consumer inflation data as investors weigh whether a Donald Trump White House would whip up price pressures.

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It has accused X of promoting "disturbing content", and says Mr Musk is using it to "shape political discourse."

President-elect Donald Trump on Tuesday said Elon Musk and former GOP presidential candidate Vivek Ramaswamy will lead a new “Department of Government Efficiency" — which is not, despite the name, a government agency. The acronym “DOGE” is a nod to Musk's favorite cryptocurrency, dogecoin. Trump said in a statement that Musk and Ramaswamy will work from outside the government to offer the White House “advice and guidance” and will partner with the Office of Management and Budget to “drive large scale structural reform, and create an entrepreneurial approach to Government never seen before.”

Estimates from Coresight Research highlight how retail closures reached the highest level since the COVID-19 pandemic. Retailers announced 6,481 store closures since Nov. 8.

The wait is on for fresh consumer inflation data as investors weigh whether a Donald Trump White House would whip up price pressures.

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As Bitcoin soars to record highs, cryptocurrency executives are maneuvering to influence Donald J. Trump’s transition and secure their policy goals.

Like Christmas shows? So does Hallmark+. Like horror? Dare to try Shudder. And British shows? There’s BritBox and more.

The wait is on for fresh consumer inflation data, as investors weigh whether a Donald Trump White House would whip up price pressures.

Chancellor Rachel Reeves has said firms will have to absorb higher taxes through their profits.

Consumer sentiment among Republicans has soared to its highest point since Donald J. Trump left the White House, while declining among Democrats.

(Bloomberg) -- Stocks traded mixed ahead of key US inflation data Wednesday as concerns grew that President-elect Donald Trump’s proposed tariffs and picks for key posts may reignite price growth. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictNo Water by Year-End for This Zimbabwean City of 700,000

(Bloomberg) -- Warren Buffett created Berkshire Hathaway Inc.’s Class B shares almost 30 years ago to stymie money managers who sought to split the high-priced conglomerate’s stock.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictNo Water by Year-End for This Zimbabwean City of 700,000 PeopleOne of So

The way firms deal with fare evasion will be examined amid concern about how passengers are treated.