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Shares of Temu owner PDD slump as China slowdown hits sales
Nov 21, 2024, 10:53 PM
US-listed shares of the e-commerce giant fell nearly 11% on Thursday following the announcement.
China’s Hacking Reached Deep Into U.S. Telecoms
Nov 21, 2024, 8:48 PM
The chairman of the Senate Intelligence Committee said hackers listened to phone calls and read texts by exploiting aging equipment and seams in the networks that connect systems.
Gautam Adani: How US fraud charges against him impact India's economy and politics
Nov 21, 2024, 7:59 PM
The charges could jeopardise the ambitions of one of the world’s richest men, both at home and abroad.
Elon Musk and Jeff Bezos Exchange Posts About Trump on X
Nov 21, 2024, 7:41 PM
The world’s two richest men are longtime business rivals, but now one of them has the ear of the next president of the United States.
Phillips 66 Is Accused of Violating the Clean Water Act
Nov 21, 2024, 7:16 PM
The oil company was indicted on charges of dumping nearly 800,000 gallons of contaminated wastewater into the Los Angeles County sewer system.
The founder of the biggest gold ETF is still bullish 20 years later
Nov 21, 2024, 7:30 PM
State Street's chief gold strategist reflects on how his gold-tracking ETF has changed the commodity investing landscape over the last two decades.
The superpowers of coatings make possible the impossible
Nov 21, 2024, 7:05 PM
Hi-tech coatings make all sorts of high performance engineering, like jet engines, possible.
Musk’s efficiency commission is already overreaching
Nov 21, 2024, 5:19 PM
Musk wants to put federal workers out of their jobs and make it harder to reach anybody at a government office. Did voters ask for this?
6 Airports in Northern Haiti Are Reopened to U.S. Flights
Nov 21, 2024, 6:40 PM
The Federal Aviation Administration said on Thursday it was allowing air traffic to resume at half a dozen airports in Haiti, but the country’s main flight hub in the capital would remain off limits.
Stock futures fall slightly with Wall Street on track for a winning week: Live updates
Nov 21, 2024, 6:04 PM
The three major stock market averages are poised for a positive week, while bitcoin is hovering just under $100,000.
Stock market today: Dow, S&P 500 jump after Nvidia earnings, while Alphabet tumbles
Nov 21, 2024, 4:19 PM
Investors are digging into Nvidia's earnings for insights into the AI boom.
Boeing’s CEO tells staff to stop ‘bitching by the water cooler’ and focus on beating Airbus
Nov 21, 2024, 4:45 PM
Boeing's new CEO Kelly Ortberg had some brutal feedback for staff, telling them to stop complaining and start competing.
Elon Musk’s first order of business in Trump administration: Kill remote work
Nov 21, 2024, 3:56 PM
Together with DOGE partner Vivek Ramaswamy, Musk is targeting “mass headcount reductions across the federal bureaucracy.”
'Flawless': Wall Street analysts cheer Nvidia's latest blowout earnings report
Nov 21, 2024, 5:31 PM
Wall Street analysts are bullish on Nvidia following its third quarter earnings.
Nvidia CEO talks AI boom, addresses concerns about technology replacing workers
Nov 21, 2024, 3:55 PM
The age of artificial intelligence rages on, according to Nvidia CEO Jensen Huang, who cites increased chip production and the technology's ability to assist "100% of the jobs in the world."
ETFs: What they are and how to make money with them
Nov 21, 2024, 12:22 PM
Investors are flocking to exchange-traded funds this year. FOX Business explains the appeal of the pooled investment securities, and how to make money with them.
O'Leary details why the US needs a crypto czar: 'We've got to stop these shenanigans'
Nov 21, 2024, 11:15 AM
Kevin O'Leary of O'Leary Ventures weighs in on President-elect Trump considering a "crypto czar" and potential picks.
Walmart warns of higher prices if Trump implements proposed tariffs
Nov 21, 2024, 2:29 PM
Walmart CFO John David Rainey told FOX Business that the company won't be immune if President-elect Trump pursues a tariff on imports from all foreign countries.
Gary Gensler to leave role as SEC chairman
Nov 21, 2024, 2:47 PM
Donald Trump revealed plans to sack Mr Gensler on "day one" of his new administration.
Citadel's Ken Griffin says Trump's tariffs could lead to crony capitalism
Nov 21, 2024, 2:32 PM
"I am gravely concerned that the rise of tariffs puts us on a slippery slope towards crony capitalism," the billionaire investor said.
Leasehold reforms set out amid concerns over delays
Nov 21, 2024, 2:30 PM
Campaigners say the overhaul is welcome but will not come fast enough to help existing leaseholds.
Truth Social Owner May Develop Crypto Platform Called TruthFi
Nov 21, 2024, 1:58 PM
The parent company of Truth Social filed a trademark application for a crypto payment service it called TruthFi.
Bribery Charges Against Gautam Adani Strike at Heart of Modi’s India
Nov 21, 2024, 7:55 AM
The U.S. indictment names Gautam Adani, one of India’s richest businessmen, but it points to an even bigger target: how business is done there.
BJ's Wholesale to hike membership fees for first time in 7 years
Nov 21, 2024, 1:46 PM
The cost of a BJ’s Wholesale Club membership will get pricier in January, when the company plans to raise its standard membership to $60 and its Club+ one to $120.
SEC Chair Gary Gensler, who led US crackdown on cryptocurrencies, to step down
Nov 21, 2024, 1:32 PM
Securities and Exchange Commission Chair Gary Gensler will step down from his post on January 20. Since taking the lead at the SEC, the commission has been aggressive in its oversight of cryptocurrencies and other regulatory issues. President-elect Donald Trump had promised during his campaign that he would remove Gensler, who has led the U.S. government’s crackdown on the crypto industry and repeatedly called for more oversight.
China funds slash ETF fees, escalating price war in booming market
Nov 21, 2024, 9:54 AM
Exchange-traded funds have boomed this year as fund companies compete fiercely to lure investors disillusioned by poorly performing active fund managers.
Mortgage rates rise after home sales jump in October
Nov 21, 2024, 1:15 PM
Mortgage rates climbed this week with the 30-year fixed rate mortgage nearing 7%, after a drop in rates in September sparked a revival in existing home sales in October.
Northvolt, Europe’s Hope for a Battery Champion, Files for Bankruptcy
Nov 21, 2024, 1:07 PM
The company’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles.
Ford announces 4K job cut in EU amid 'highly disruptive' shift toward stricter EV emissions standards
Nov 21, 2024, 12:27 PM
Ford announces 4k job cut in EU amid 'highly disruptive' EV emissions standards
Stock market today: Dow, S&P 500 jump while Nvidia, Alphabet tumble
Nov 21, 2024, 1:12 PM
Investors are digging into Nvidia's earnings for insights into the AI boom.
Here's how you can earn points when purchasing a home
Nov 21, 2024, 11:11 AM
Bilt, which has become widely known as a loyalty program helping renters earn on their biggest reoccurring expense, is trying to help people shift into home buying.
Trump eyes official crypto lead or czar
Nov 20, 2024, 5:17 PM
President-elect Trump is keeping in line with his pro-crypto campaign message as reports surface the administration is considering a sole role dedicated to policy for the digital assets industry.
Viral banana artwork duct-taped to wall sells for $6.2M
Nov 21, 2024, 10:34 AM
If you thought the first price tag on Maurizio Cattelan’s viral banana duct-taped to a wall installation was obscene. This one might make you go bananas.
Top 2024 ETFs tied to one stock: Nvidia
Nov 20, 2024, 2:31 PM
Nvidia's hot streak has been a boon for investors who own the common stock, but it's supercharging a handful of ETFs that are betting double on the chipmaker's moves.
CFPB expands oversight of digital payments services including Apple Pay, Cash App, PayPal and Zelle
Nov 21, 2024, 8:58 AM
The most popular apps covered by the rule collectively process more than 13 billion consumer payments a year, the CFPB said.
US weekly jobless claims hit seven-month low
Nov 21, 2024, 9:44 AM
The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes. The report from the Labor Department on Thursday also showed unemployment rolls swelling to levels last seen in late 2021. Labor market slack keeps the door open for a third interest rate cut from the Federal Reserve next month, despite a recent lack of progress lowering inflation to its 2% target.
Stock market today: Dow, S&P 500 rise while Nasdaq slips as Nvidia, Alphabet tumble
Nov 21, 2024, 12:28 PM
Investors are digging into Nvidia's earnings for insights into the AI boom.
PayPal down: Thousands of customers report brief outage
Nov 21, 2024, 7:37 AM
The online payment company says a brief technical issue has now been resolved.
Bluesky chief doesn't know age limit for users
Nov 21, 2024, 6:27 AM
Jay Graber wrongly said you needed to be 18 to use Bluesky, when the actual age limit is 13.
US Charges Gautam Adani With Fraud Over Bribery Scheme
Nov 20, 2024, 5:46 PM
Gautam Adani and his associates were accused of paying more than $250 million in bribes to obtain lucrative solar energy contracts.
London Liverpool Street remains busiest railway station in UK
Nov 21, 2024, 5:58 AM
The increased use of the Elizabeth line has led to a rise in people using the station, data shows.
From Fox News to The Real World, Trump Recruits From the Small Screen
Nov 21, 2024, 5:06 AM
The president-elect is rounding out his second administration with television stars.
US Proposes Forcing Google to Sell Chrome to Fix Search Monopoly
Nov 20, 2024, 7:44 PM
In a landmark antitrust case, the government asked a judge to force the company to sell its popular Chrome browser.
Denied Boarding While Pregnant: What Are Your Rights?
Nov 21, 2024, 5:03 AM
The policy of La Compagnie, which was not posted online, required a doctor’s note for anyone more than 28 weeks pregnant. A last-minute midwife’s letter would not do.
Trump could finally end one of the oldest financial fights on Wall Street
Nov 21, 2024, 4:00 AM
Investors are ramping up bets that Trump 2.0 will loosen the federal government’s grip over mortgage giants Freddie Mac and Fannie Mae, ending one of the oldest fights on Wall Street.
Nvidia's supply snags limit deliveries even as demand booms, shares down
Nov 21, 2024, 4:30 AM
SAN FRANCISCO/BENGALURU (Reuters) -Nvidia's revenue forecast on Wednesday disappointed Wall Street, raising questions over whether the artificial intelligence boom is waning. Shares of the chipmaker fell more than 3% in premarket trading on Thursday, while peers Advanced Micro Devices , Intel and Qualcomm eased between 0.8% and 1.4%. There is no shortage of companies eager to create new AI systems using Nvidia's superior chips, and the world's largest publicly listed company is selling them as fast as its chipmaking contractor Taiwan Semiconductor Manufacturing Co(TSMC) can make them.
Stocks Dip on Ukraine Jitters; Bitcoin at $97,000: Markets Wrap
Nov 21, 2024, 3:35 AM
(Bloomberg) -- European stocks and US futures fell amid geopolitical concerns and a lackluster revenue forecast from Nvidia Corp. that damped appetite for tech shares. Bitcoin closed in on the $100,000 mark. Most Read from BloombergTrump Promises Could Have Seismic Impact on Washington EconomyParis to Replace Parking Spaces With TreesTokyo’s Scorching Summers Focus Public Anger Against Tree CuttingNew York’s Transit Agency Approves $9 Congestion TollNYC Mayor Adams Names Jessica Tisch to Lead Po
Baidu posts 3% drop in third-quarter revenues, beating market expectations
Nov 21, 2024, 4:29 AM
Beijing-based Baidu operates one of the major web browser search engines in China, along with a frequently used maps app.
The DOJ wants to break up Google. It needs to convince a judge first.
Nov 21, 2024, 4:22 AM
US prosecutors submitted a document Wednesday asking for Google's Alphabet parent company to sell off its Chrome browser, among other remedies. Whether that actually happens won't be decided until 2025.
Government borrowing higher than expected in October
Nov 21, 2024, 2:08 AM
Borrowing was £17.4bn last month, the second highest October figure since monthly records began in 1993.
How High School Graduates Can Improve Their Earnings Potential
Nov 21, 2024, 2:00 AM
New research shows that 73 “launchpad jobs” can help those without a four-year college degree advance and achieve higher pay.
US proposes breakup of Google to end search monopoly
Nov 21, 2024, 1:33 AM
The technology giant could be forced to sell off Chrome to address its illegal monopoly in online search.