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Apple accused of trapping and ripping off 40m iCloud customers
Nov 13, 2024, 7:08 PM
Which? is seeking a £3bn payout for UK users as a result of the legal action it is launching.
F.B.I. Searches Home of Shayne Coplan, Polymarket Founder
Nov 13, 2024, 9:46 PM
The search involving Shayne Coplan, the founder of Polymarket, known for its presidential election odds, was part of a criminal investigation, three people said.
Chinese AI startup takes aim at OpenAI's Sora with image-to-video tool launch
Nov 13, 2024, 7:11 PM
Beijing-based Shengshu Technology updated its artificial intelligence-powered text-to-video tool Vidu for generating videos based on separate images.
'Baby milk prices punish those who don't breastfeed'
Nov 13, 2024, 7:11 PM
Parents say they feel penalised by the high cost of formula, which cannot be discounted under the law.
Why Canada could become the next nuclear energy 'superpower'
Nov 13, 2024, 7:09 PM
With its rich resources, uranium mining companies want Canada to play a key role in fuelling nuclear reactors worldwide.
Odell Beckham Jr calls out critics who raised concerns decision to convert NFL salary to Bitcoin
Nov 13, 2024, 6:31 PM
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.
Chiefs' Patrick Mahomes supports Kansas City’s WNBA expansion franchise efforts
Nov 13, 2024, 6:53 PM
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.
What Nvidia wants (but may not get) from the Supreme Court
Nov 13, 2024, 4:39 PM
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.
Vardis Vardinoyannis, Greek Tycoon With Ties to the Kennedys, Dies at 90
Nov 13, 2024, 6:29 PM
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.
Stock futures are little changed as postelection rally shows signs of wavering: Live updates
Nov 13, 2024, 6:03 PM
Investors are deliberating whether a postelection rally following Donald Trump's decisive victory last week still has room.
Banks flood US debt market in biggest single-day raise since 2016, BMO says
Nov 13, 2024, 5:18 PM
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.
'Too small' UK pension funds hold back growth, says Rachel Reeves
Nov 13, 2024, 5:01 PM
The chancellor wants to merge the UK's pension funds, but critics worry about the impact on savers.
Mark Zuckerberg and T-Pain Release Version of ‘Get Low'
Nov 13, 2024, 4:10 PM
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 Airlines stock plunges 59% as company reportedly preps bankruptcy filing
Nov 13, 2024, 4:03 PM
Spirit stock plunges the most on record as the threat of bankcrupty looms for the low cost carrier.
Stock market today: Tech lags as inflation print keeps Fed rate cut on track
Nov 13, 2024, 4:03 PM
The wait is on for fresh consumer inflation data as investors weigh whether a Donald Trump White House would whip up price pressures.
Stock market today: Dow, S&P 500 rise while Nasdaq lags as inflation print keeps Fed rate cut on track
Nov 13, 2024, 3:36 PM
The wait is on for fresh consumer inflation data as investors weigh whether a Donald Trump White House would whip up price pressures.
Amazon launches an online discount storefront to better compete with Shein and Temu
Nov 13, 2024, 2:17 PM
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.
NLRB Bars Mandatory Anti-Union Meetings After Amazon Draws Complaint
Nov 13, 2024, 2:43 PM
The ruling, stemming from a complaint against Amazon, bars companies from compelling workers to attend meetings on unionization’s downsides.
What Elon Musk and Vivek Ramaswamy could abolish in the name of government efficiency
Nov 13, 2024, 1:43 PM
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.
Stock market today: Dow, S&P 500, Nasdaq rise as inflation print keeps Fed rate cut on track
Nov 13, 2024, 2:15 PM
The wait is on for fresh consumer inflation data as investors weigh whether a Donald Trump White House would whip up price pressures.
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.
Lahaina Fire Settlement is Caught up in Legal Fight With Insurers
Nov 13, 2024, 9:31 AM
Insurers that paid claims say a deal unfairly keeps them from recouping their own losses.
Rivian stock surges as company expands joint venture with Volkswagen
Nov 13, 2024, 12:13 PM
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.
Dockworkers' union walks away from negotiations with East and Gulf Coast employers
Nov 13, 2024, 11:06 AM
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.
October inflation data meets forecasts, keeping Fed on track for December rate cut
Nov 13, 2024, 9:28 AM
The outlook for inflation is uncertain as economists warn of potential pressures from Trump policies.
Bankers beware: Elizabeth Warren becomes top Democrat on key Senate banking panel
Nov 13, 2024, 10:43 AM
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
Rest of World’s Markets Broken By Trump’s America-First Plan
Nov 13, 2024, 1:29 AM
(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,
Homebase collapses with 2,000 jobs at risk
Nov 13, 2024, 10:57 AM
Homebase enters administration, but The Range buys up to 70 stores and the brand.
How Trump’s Immigration Plans Could Affect the Economy
Nov 13, 2024, 10:56 AM
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 prepares for bankruptcy filing after failed Frontier talks: report
Nov 13, 2024, 10:28 AM
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 Ticks Up, as the Fed’s Victory Remains Incomplete
Nov 13, 2024, 5:03 AM
Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.
Stock market today: Dow, S&P 500, Nasdaq trade mixed as inflation print keeps Fed rate cut on track
Nov 13, 2024, 11:05 AM
The wait is on for fresh consumer inflation data as investors weigh whether a Donald Trump White House would whip up price pressures.
John Malone Reorders Media Empire as C.E.O. Exits
Nov 13, 2024, 10:23 AM
Liberty Media, which owns stakes in Formula One and Live Nation, is spinning off some of its assets in a corporate restructuring.
Spirit Airlines stock plunges 60% as company reportedly preps bankruptcy filing
Nov 13, 2024, 10:18 AM
Spirit stock plunges the most on record as the threat of bankcrupty looms for the low cost carrier.
Car finance: Fear of delay over mis-selling payouts
Nov 13, 2024, 10:19 AM
Regulators want to give more time to car dealers potentially facing a deluge of mis-selling claims.
Howard Lutnick making push for Treasury job, setting up battle with leading contender Bessent
Nov 13, 2024, 9:25 AM
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 reporting a tenfold surge in digital scams, cybersecurity firm BioCatch says
Nov 13, 2024, 9:00 AM
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 rises 2.6% in October, in line with expectations
Nov 13, 2024, 8:32 AM
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.
Inflation progress stalls in US in October
Nov 13, 2024, 8:48 AM
Prices in the US rose 2.6% over the 12 months to October, driven by more expensive food and groceries.
Stock market today: Dow, S&P 500, Nasdaq trade mixed as inflation print keeps Fed rate cut on track
Nov 13, 2024, 11:05 AM
The wait is on for fresh consumer inflation data as investors weigh whether a Donald Trump White House would whip up price pressures.
The Guardian stops posting on Elon Musk's 'toxic' X
Nov 13, 2024, 7:48 AM
It has accused X of promoting "disturbing content", and says Mr Musk is using it to "shape political discourse."
Trump says Musk, Ramaswamy will form outside group to advise White House on government efficiency
Nov 12, 2024, 8:39 PM
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.”
US retail closures hit highest level since pandemic
Nov 13, 2024, 7:00 AM
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.
Stock market today: Dow, S&P 500, Nasdaq trade mixed as inflation print keeps Fed rate cut on track
Nov 13, 2024, 11:05 AM
The wait is on for fresh consumer inflation data as investors weigh whether a Donald Trump White House would whip up price pressures.
Crypto Industry Lobbies Trump and His Allies After Election Wins
Nov 13, 2024, 5:02 AM
As Bitcoin soars to record highs, cryptocurrency executives are maneuvering to influence Donald J. Trump’s transition and secure their policy goals.
Small Streamers Like Hallmark+ and BritBox See Subscribers Surge
Nov 13, 2024, 5:01 AM
Like Christmas shows? So does Hallmark+. Like horror? Dare to try Shudder. And British shows? There’s BritBox and more.
Stock market today: Dow, S&P 500, Nasdaq poised to drop as inflation worries rise
Nov 13, 2024, 7:05 AM
The wait is on for fresh consumer inflation data, as investors weigh whether a Donald Trump White House would whip up price pressures.
JD Sports and Fullers warn Budget will push up prices
Nov 13, 2024, 6:15 AM
Chancellor Rachel Reeves has said firms will have to absorb higher taxes through their profits.
Republicans and Democrats Highly Divided in Economic Outlook Under Trump
Nov 13, 2024, 5:04 AM
Consumer sentiment among Republicans has soared to its highest point since Donald J. Trump left the White House, while declining among Democrats.
Stocks Fluctuate With Focus Shifting to Inflation: Markets Wrap
Nov 13, 2024, 3:35 AM
(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
Buffett’s Berkshire Is Being Packaged Into a Leveraged ETF
Nov 13, 2024, 1:56 AM
(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
Rail fares: Government to order review of prosecutions
Nov 13, 2024, 1:09 AM
The way firms deal with fare evasion will be examined amid concern about how passengers are treated.