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Popular weight-loss drug Wegovy goes on sale in China
Nov 18, 2024, 11:34 PM
There are 180 million people living with obesity in China, who will now be able to purchase the treatment.
Stock futures little changed ahead of major earnings reports: Live updates
Nov 18, 2024, 6:07 PM
Stocks had attempted to make a comeback on Monday following last week's postelection selloff, sparked by interest rate concerns.
Warning retail job cuts ‘inevitable’ after NI tax rise in Budget
Nov 18, 2024, 7:24 PM
Retail firms have written to the chancellor to say they cannot manage rising costs and tax bills.
Chocolate makers stoke boom for Indian cocoa beans
Nov 18, 2024, 7:00 PM
India produces only a tiny fraction of the world's cocoa beans, but that could be changing.
My Trump trade went bust — with a consolation prize
Nov 18, 2024, 3:04 PM
Some investors made millions on the "Trump trade." Not me.
Women prefer to play mobile games. China's Tencent sees an opportunity
Nov 18, 2024, 6:14 PM
Tencent is betting on a rise in female players worldwide for its mobile game Honor of Kings, which rolled out to the U.S. and other countries in June.
Stock market today: S&P 500, Nasdaq climb as Tesla jumps, Nvidia earnings loom
Nov 18, 2024, 4:45 PM
Investors are looking ahead to Nvidia earnings to test the health of the AI trade, as optimism for rate cuts fades.
Super Micro stock surges as company files plan to avoid Nasdaq delisting
Nov 18, 2024, 6:04 PM
Super Micro Computer met a deadline Monday to avoid delisting from the Nasdaq after delaying prior financial statements.
UK-India trade talks to re-launch in the new year
Nov 18, 2024, 5:30 PM
Sir Keir Starmer met Indian prime minister Narendra Modi at the G20 summit of global economic leaders.
The ‘Oracle of Wall Street’ says home prices need to fall 20% to end the ‘generational schism’
Nov 18, 2024, 4:18 PM
“For homes to be affordable, that’s going to have to happen,” Meredith Whitney recently said.
British Airways says 'tech issue' resolved after delays
Nov 18, 2024, 4:11 PM
Passengers had reported delays, but the airline says flights were not cancelled.
SpaceX Starship’s Sonic Boom Creates Risk of Structural Damage, Test Finds
Nov 18, 2024, 3:05 PM
An independent researcher found that noise recorded miles away from the site of a recent test flight was equal to standing 200 feet from a Boeing 747 during takeoff.
Tesla stock jumps on report Trump plans to ease regulations around self-driving cars
Nov 18, 2024, 2:43 PM
Tesla shares surged Monday while rideshire giants Uber and Lyft tumbled following a report that the Trump adminstriation plans to ease regulations on self-driving cars.
Republican lawmakers press FTC's Khan on energy sector merger scrutiny
Nov 18, 2024, 2:35 PM
Republicans are stepping up their oversight of the FTC's use of consent decrees under Chair Lina Khan to bar energy industry executives from serving on boards after deals conclude.
Tesla stock jumps on report Trump could ease self-driving regulations
Nov 18, 2024, 1:38 PM
Tesla stock is jumping on Monday as more news rolls in that CEO Elon Musk’s bet on President-elect Trump is paying off.
Wall Street forecasts 'normal' year for stocks in 2025 after historic rally
Nov 18, 2024, 1:21 PM
After two years of massive gains in the S&P 500, one of Wall Street's biggest bulls thinks the rally will take a "breather" in 2025 as small stocks lead the index higher.
Seven-year-old coder Sergey gets job offer from Russian IT firm
Nov 18, 2024, 1:07 PM
The software company's boss said Sergey, who teaches coding in online videos, was 'a kind of Mozart'
Netflix stock recovers from losses after technical glitches disrupt the Jake Paul, Mike Tyson boxing match
Nov 18, 2024, 11:59 AM
Netflix's highly anticipated boxing event between Mike Tyson and Jake Paul experienced multiple technical glitches, leading to investor concerns over the company's ability to broadcast live events.
Homeowners skipping meals to make monthly payments, survey finds
Nov 18, 2024, 11:51 AM
Monthly housing costs have risen to such a degree that the majority of residents making under $50,000 are struggling to make payments, a survey found.
Stock market today: S&P 500, Nasdaq climb as Tesla shines
Nov 18, 2024, 1:00 PM
Investors are looking ahead to Nvidia earnings to test the health of the AI trade, as optimism for rate cuts fades.
Stock market today: S&P 500, Nasdaq climb as Tesla shines
Nov 18, 2024, 1:00 PM
Investors are looking ahead to Nvidia earnings to test the health of the AI trade, as optimism for rate cuts fades.
No-frills US carrier Spirit Airlines files for bankruptcy protection
Nov 18, 2024, 11:23 AM
Despite surging demand, low-budget carrier Spirit has not posted a full-year profit since 2019.
The competition to become Trump's treasury secretary is getting more harried by the day
Nov 18, 2024, 9:48 AM
The contest for treasury secretary has emerged as a key stumbling block in Donald Trump's presidential transition period.
Nvidia stock sinks on reports of Blackwell AI server issues ahead of earnings
Nov 18, 2024, 10:57 AM
Nvidia stock sank early Monday ahead of earnings later this week as investors reacted to a report from The Information highlighting issues with its latest Blackwell AI servers.
Stock market today: S&P 500, Nasdaq climb as Tesla shines
Nov 18, 2024, 12:10 PM
Investors are looking ahead to Nvidia earnings to test the health of the AI trade, as optimism for rate cuts fades.
There are 'no natural sellers' in stocks: BlackRock's Rick Rieder
Nov 18, 2024, 9:09 AM
Despite last week's stock slide after the post-election rally, Wall Street strategists are long-term bullish. That includes BlackRock's Rick Rieder, who said earnings and technicals support further gains.
Wall Street is optimistic about Trump 2.0
Nov 18, 2024, 9:00 AM
Wall Street is staying upbeat on Trump 2.0.
Why Nvidia stock is ripe for another surge: Investor
Nov 18, 2024, 8:23 AM
More reasons why Wall Street loves Nvidia.
Trump team Is seeking to ease US rules for self-driving cars
Nov 18, 2024, 9:57 AM
(Bloomberg) -- Members of President-elect Donald Trump’s transition team have told advisers they plan to make a federal framework for self-driving vehicles one of the Transportation Department’s priorities, according to people familiar with the matter.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureParis to Replace Parking Spaces With
Roblox to ban young children from messaging others
Nov 18, 2024, 7:01 AM
Parents will also be able to view and manage their child's account, including limiting their screen time.
Goldman Sachs: Trump tax cuts, deregulation will boost growth; tariffs could be a drag
Nov 18, 2024, 6:00 AM
Goldman Sachs economists released an analysis that projected that President-elect Trump's tax cuts and deregulation will support growth, while broader tariffs could dampen the impact.
Spirit Airlines files for Chapter 11 bankruptcy protection
Nov 18, 2024, 5:41 AM
Spirit Airlines has filed for Chapter 11 bankruptcy protection, the company announced Monday morning.
New Nvidia AI chips overheating in servers, the Information reports
Nov 17, 2024, 10:49 AM
The Blackwell graphics processing units overheat when connected together in server racks designed to hold up to 72 chips, the report said, citing sources familiar with the issue. The chipmaker has asked its suppliers to change the design of the racks several times to resolve overheating problems, according to Nvidia employees who have been working on the issue, as well as customers and suppliers with knowledge of the issue, the report said without naming the suppliers. In March, Nvidia unveiled Blackwell chips and had earlier said they would ship in the second quarter before encountering delays, potentially affecting customers such as Meta Platforms, Alphabet's Google and Microsoft.
Spirit Airlines Files for Bankruptcy; Lost $2.2 Billion in 5 Years
Nov 18, 2024, 5:11 AM
The low-fare carrier has struggled to find its footing after its planned merger with JetBlue was blocked by a federal judge.
Why Oil Companies Are Walking Back From Green Energy
Nov 18, 2024, 5:02 AM
As leaders gather for a global climate summit, investors are rewarding oil giants like Exxon Mobil that did not embrace wind and solar.
José Andrés Opens New Dining Destination at Reagan National Airport
Nov 18, 2024, 5:00 AM
The Michelin-starred chef and humanitarian has partnered with Capital One to open a lounge-restaurant hybrid at Ronald Reagan National Airport.
Installing E.V. Chargers is Finally Paying Off for Retailers
Nov 18, 2024, 5:00 AM
Companies see charging as a potentially profitable business in and of itself, not just as a spur for foot traffic and sales.
Children's homes: Providers' 'exploitative' profits to be curbed
Nov 17, 2024, 7:09 PM
The new measures aim to stop private care home providers benefiting excessively from a stretched system.
Substack’s Bet on Politics Newsletters Leads to Subscriber Growth
Nov 18, 2024, 3:00 AM
The newsletter start-up, which once drew an overture from Elon Musk, is betting on politics content and recruiting stars. But profits remain elusive.
Energy prices forecast to rise again in January
Nov 18, 2024, 1:54 AM
The energy price cap is predicted to edge up by 1% from January, according to analysis by Cornwall Insight.