Market News Explorer
Stay informed with the latest market news and analysis.
Bitcoin hacker sentenced to five years in prison
Nov 14, 2024, 9:45 PM
Ilya Lichtenstein laundered the stolen cryptocurrency with his wife Heather Morgan aka Razzlekhan.
China set to report retail sales and industrial production data for October
Nov 14, 2024, 7:26 PM
The National Bureau of Statistics is scheduled Friday to release data showing a pickup in growth in October from September.
How Trump’s proposed tariffs could affect the cost of jeans, appliances, and everyday items
Nov 14, 2024, 3:22 PM
Inflation is moderating, but economists expect that trend could reverse quickly if Donald Trump follows through with a proposal to impose 10%-20% tariffs on all imports and a 60% tariff on Chinese goods.
Jamie Dimon and Donald Trump make it official: They won’t be joining forces
Nov 14, 2024, 4:36 PM
President-elect Donald Trump and JPMorgan Chase CEO Jamie Dimon made it clear Thursday they won’t be working together when Trump moves back into the White House.
Europe's flying taxi dreams falter as cash runs short
Nov 14, 2024, 7:01 PM
Makers of a new generation of European electric aircraft are struggling to raise money.
S&P 500 futures are little changed as index heads for losing week: Live updates
Nov 14, 2024, 6:02 PM
The three major indexes finished Thursday's session in the red, and they are bound for weekly losses.
Moderna, Novovax stocks slide after Trump nominates Robert F. Kennedy Jr. to be top health official
Nov 14, 2024, 6:07 PM
Vaccine stocks slid late Thursday as reports stated noted anti-vaccine politician Robert Kennedy Jr. will serve as the next head of the Department of Health and Human Services.
Powell 'certainly' intends to stay at Fed until chairmanship ends
Nov 14, 2024, 4:22 PM
Jay Powell on Thursday once again reinforced his intention to serve out his term as chair of the Federal Reserve while making it clear the central bank is not "in a hurry" to lower interest rates.
Human in Bear Suit Was Used to Defraud Insurance Companies, Officials Say
Nov 14, 2024, 4:56 PM
Footage of a bear rifling through luxury cars was submitted to insurance companies, which paid out $140,000. But something seemed off.
Stock market today: Dow, S&P 500, Nasdaq slide as Powell says Fed in no 'hurry' on rate cuts
Nov 14, 2024, 4:04 PM
Stocks moved lower after Federal Reserve Chair Jerome Powell said the central bank is in 'no hurry' on rate cuts.
Tesla stock falls 5% as Trump trade fades, EV tax credits come under threat
Nov 14, 2024, 4:06 PM
Tesla stock was under pressure on Thursday afternoon as the broader Trump trade was fading after a furious post-election rally.
Chipotle shareholder sues company after portion sizes go viral
Nov 14, 2024, 3:25 PM
A Chipotle shareholder is suing the company after the social media frenzy that occurred due to the allegedly small and inconsistent portions across its restaurants.
Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates
Nov 14, 2024, 3:00 PM
"The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said.
Watch Fed Chair Powell speak live to business leaders in the Dallas area
Nov 14, 2024, 2:45 PM
The appearance comes one week after policymakers again voted to lower their key interest rate by a quarter percentage point.
Bank of England boss to say UK must 'rebuild relations' after Brexit
Nov 14, 2024, 1:03 PM
Governor Andrew Bailey will deliver his strongest comments yet on the UK's departure from the EU.
Mortgage rates fall slightly, ending 6-week climb
Nov 14, 2024, 12:19 PM
Mortgage rates leveled off this week after climbing for six consecutives weeks, stalling along with demand in the stagnant housing market amid an affordability crisis.
Will Trump Try to End the Public Service Loan Forgiveness Program?
Nov 14, 2024, 10:57 AM
There is widespread concern that President-elect Donald J. Trump may end it, since he has tried before. But that may be the wrong thing to fear.
Homeland Security Department to Release New A.I. Guidance
Nov 14, 2024, 7:30 AM
The voluntary best practices are aimed at companies that own or operate critical infrastructure.
State leaders urged to divest pension funds from China: watchdog
Nov 14, 2024, 12:00 PM
A watchdog letter is urging U.S. state leaders to divest public funds from China, citing rising risks of geopolitical conflict, lack of financial transparency and U.S. restrictions.
Tesla stock slumps as post-election 'Trump trade' shows signs of fatigue
Nov 14, 2024, 12:09 PM
Tesla shares slide as 'Trump trade' fades, EV maker issues 6th Cybertruck recall this year.
Stock market today: Dow, S&P 500, Nasdaq slip with Powell speech, Trump-led sweep in focus
Nov 14, 2024, 12:00 PM
Comments from Jerome Powell could set the tone for rate cuts as the market assesses the impact of a Republican sweep in D.C.
2 firm inflation prints just made the Fed's 2025 rate cut path a lot 'murkier'
Nov 14, 2024, 11:01 AM
Strong inflation readings in October have economists arguing that the Federal Reserve will likely cut interest rates by less than initially thought in 2025.
Capri terminates Tapestry merger citing regulatory hurdles
Nov 14, 2024, 11:45 AM
The proposed merger that would've combined six luxury brands owned by Capri and Tapestry was abandoned by the companies due to regulatory challenges posed by an FTC lawsuit.
Pennsylvania House introduces bill to implement a strategic bitcoin reserve
Nov 14, 2024, 11:45 AM
Optimism that President-elect Trump will fulfill his promises to make the U.S. the "crypto capital of the planet" and bitcoin a "permanent national asset" has made its price surge.
Lowe's to give $2.5M to small businesses hammered by Hurricane Helene
Nov 14, 2024, 11:39 AM
Lowe's will provide millions of dollars in funds to small businesses in its home state of North Carolina that are struggling to recover in the wake of Hurricane Helene.
Bitcoin whale ETF soars to record as crypto races
Nov 14, 2024, 5:00 AM
The largest bitcoin ETF is seeing impressive price action, in tandem with the cryptocurrency itself, as investors look to get ahead of pro-crypto policies from President-elect Trump.
Disney stock jumps as earnings, streaming profit, and guidance top estimates
Nov 14, 2024, 11:59 AM
Disney reported fiscal fourth quarter earnings that beat expectations on both the top and bottom lines as its streaming business swung to a profit.
What a Trump Presidency Could Mean for Social Security Benefits
Nov 14, 2024, 11:14 AM
Readers are concerned that his campaign proposals would put Social Security’s finances on thinner ice, endangering their payments.
Stuart Varney: Trump loyalty is paramount to the MAGA movement
Nov 14, 2024, 11:02 AM
FOX Business' Stuart Varney discussed Trump's surprising new Cabinet picks including Matt Gaetz for attorney general and Fox News' Pete Hegseth to lead the military.
Two firm inflation prints just made the Fed's 2025 rate cut path a lot 'murkier'
Nov 14, 2024, 11:01 AM
Strong inflation readings in October have economists arguing that the Federal Reserve will likely cut interest rates by less than initially thought in 2025.
Meta fined €798m over 'unfair' Facebook Marketplace
Nov 14, 2024, 10:03 AM
The European Union says the tech giant crowded out rivals, breaching competition law.
Gary Gensler reviews his accomplishments, says he was 'proud to serve' as SEC chair
Nov 14, 2024, 9:53 AM
In what sounded awfully close to a farewell speech, Gensler made only passing reference to his most controversial disclosure rule, on climate change.
Stock market today: Dow, S&P 500, Nasdaq waver with Powell speech, Trump-led sweep in focus
Nov 14, 2024, 9:30 AM
Comments from Jerome Powell could set the tone for rate cuts as the market assesses the impact of a Republican sweep in DC.
Stock market today: Dow, S&P 500, Nasdaq waver with Powell speech, Trump-led sweep in focus
Nov 14, 2024, 9:30 AM
Comments from Jerome Powell could set the tone for rate cuts as the market assesses the impact of a Republican sweep in DC.
Cava stock on a tear as fast-casual players continue to outperform the industry
Nov 14, 2024, 9:47 AM
Shares of Cava and Sweetgreen are up triple digits year to date.
Farm inheritance tax: Bid to soften change rejected by Treasury
Nov 14, 2024, 4:08 AM
The department for rural affairs suggested exempting some older farmers from having to pay, Newsnight is told.
Stock market today: Dow ticks higher with Powell speech, Trump-led sweep in focus
Nov 14, 2024, 9:33 AM
Comments from Jerome Powell could set the tone for rate cuts as the market assesses the impact of a Republican sweep in DC.
Meta Fined $840 Million in Europe for Boosting Marketplace Unfairly
Nov 14, 2024, 9:24 AM
Meta said it would appeal the decision by the European Union, which said the company had abused its dominance in social networking to strengthen its shopping and classified ads service.
The Onion Buys Alex Jones’s Infowars Out of Bankruptcy
Nov 14, 2024, 9:01 AM
The satirical news site planned to turn Infowars into a parody of itself, mocking “weird internet personalities” who peddle conspiracy theories and health supplements.
Amazon launches Temu and Shein rival with 'crazy low' prices
Nov 14, 2024, 6:12 AM
The price of products on Haul, which is being trialled in the US, will be capped at $20.
The House now belongs to the GOP. Here's what party leaders say they'll do first.
Nov 14, 2024, 4:47 AM
The House of Representatives is likely to again be under GOP rule next year, cementing a unified control of power across Washington in 2025.
What a Matt Gaetz Justice Department Would Mean for Business
Nov 14, 2024, 7:37 AM
The Trump loyalist supports an “aggressive” antitrust approach and has called for breaking up Big Tech. But can the controversial nominee win Senate approval?
What is Rachel Reeves' plan for pension funds?
Aug 7, 2024, 5:26 PM
The chancellor says she wants to “fire up the UK’s economy” with a "Canadian-style" pensions model.
Stock market today: Dow futures tick higher with Powell speech, Trump-led sweep in focus
Nov 14, 2024, 7:29 AM
Comments from Jerome Powell could set the tone for rate cuts as the market assesses the impact of a Republican sweep in DC.
Disney earnings beat as streaming profit tops estimates
Nov 14, 2024, 6:40 AM
Disney reported fiscal fourth quarter earnings that beat expectations on both the top and bottom lines as its streaming business swung to a profit.
Disney’s Earnings Report Paints a Rosy Picture for the Future
Nov 14, 2024, 6:40 AM
The company, which does not typically release guidance to investors, said that profit would jump over the next three years.
Are A.I. Clones the Future of Dating? I Tried Them for Myself.
Nov 14, 2024, 5:00 AM
A New York Times reporter tested a handful of chatbots to see if they could help improve his dating life. The results were decidedly mixed.
It's 'liquidity, stupid': VCs say tech investing is tough amid IPO lull and 'nuts' AI hype
Nov 14, 2024, 6:12 AM
Venture capitalists at Web Summit say the hunt for liquidity is getting harder, despite "nuts" funding rounds for AI firms like OpenAI.
Where was inflation the highest in October? Northeast and Midwest cities near the top
Nov 14, 2024, 6:00 AM
Americans across the U.S. are experiencing vastly different inflation rates depending on where they live, and new Labor Department data shows it was highest in the Northeast.
Holiday shopping may not be merry for retailers this year
Nov 14, 2024, 6:00 AM
The holiday shopping season may not be as merry for retailers this year, with a recently-released report suggesting they could see less sales growth over the festive period.
North Carolina residents could face winter without heat
Nov 14, 2024, 6:00 AM
Rhonda Jean Kowald and a band of volunteers have been rapidly supplying heating fuel to hard-hit counties in North Carolina, but supplies might be running out.
The 'DOGE' jokes are easy, but Musk's new side hustle is Tesla's biggest advantage yet: Morning Brief
Nov 14, 2024, 6:00 AM
Taking Musk's government efficiency department as a joke underestimates what he might do with this newfound power.
Credit card debt surges to another record high, New York Fed data shows
Nov 14, 2024, 5:25 AM
U.S. consumers have more credit card debt than ever before, hitting a fresh record $1.17 trillion last quarter, according to New York Federal Reserve data.
Why the Dollar Keeps Getting Stronger
Nov 14, 2024, 5:04 AM
President-elect Donald J. Trump often says he prefers a weaker dollar, but economists and investors think his proposed policies will have the opposite effect.
How the Trump trade's 'exuberance' could help reopen the IPO window after 2 brutal years
Nov 14, 2024, 4:00 AM
Experts believe that if the Trump trade continues to drive the stock market rally higher, a flood of IPOs will soon follow suit.
Former Bankman-Fried executive seeks leniency for building fraud detection tool
Nov 14, 2024, 4:49 AM
A former FTX executive, charged with writing computer code for his imprisoned former boss Sam Bankman-Fried, is helping the U.S. government uncover stock market fraud.
Tech Leads Slump in Chinese Stocks on Earnings, Trump Risks
Nov 14, 2024, 3:34 AM
(Bloomberg) -- Chinese tech stocks listed in Hong Kong extended their slump from a high in October to about 20%, as investors reduced positions amid rising geopolitical risks and caution toward earnings. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsArizona Elections S
Trump’s second term will have enormous implications for Big Tech. Here's why.
Nov 13, 2024, 3:00 PM
When President-elect Trump takes office in January, he'll be forced to tackle a slew of major tech policy questions.
Trump Wins Republican Trifecta as GOP Retains House Majority
Nov 13, 2024, 7:33 PM
(Bloomberg) -- Republicans held on to their narrow majority in the US House, giving Donald Trump and his party unified control of the elected branches of government and limiting potential curbs on the incoming president’s power.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and Emis
Britain's motor finance industry is in crisis – with banks bracing for billions in payouts
Nov 14, 2024, 1:12 AM
Britain's motor finance industry is in disarray.