Market News Explorer
Stay informed with the latest market news and analysis.
Jaguar's Type 0.0 concept car gets a mixed response
Dec 2, 2024, 9:49 PM
It comes just days after the release of a teaser video that stirred online controversy.
Judge restores collective bargaining rights to unions in Wisconsin in landmark decision
Dec 2, 2024, 7:34 PM
Dane County Circuit Judge Jacob Frost ruled to strike down certain parts of Act 10 on Monday, restoring collective bargaining rights to union workers in Wisconsin.
Why is vintage audio equipment booming?
Dec 2, 2024, 7:01 PM
Music lovers are buying up old cassette, CD and record players and getting them fixed.
Tariffs are now Trump’s solution to everything
Dec 2, 2024, 3:31 PM
Trump's tariff threats used to be aimed at economic targets. The portfolio is rapidly expanding.
Tesla loses bid to reinstate Elon Musk's record $56bn pay package
Dec 2, 2024, 6:24 PM
The decision upholds a January ruling and comes despite support from shareholders and directors.
S&P 500 futures are little changed after index closes at record highs: Live updates
Dec 2, 2024, 6:02 PM
The broad market index ended Monday's session at an all-time closing high.
Elon Musk’s $50 Billion Tesla Pay Can’t Be Reinstated, Delaware Judge Rules
Dec 2, 2024, 5:20 PM
The judge said she would not reverse her decision to strike down the compensation package after Tesla shareholders approved Mr. Musk’s pay a second time.
G.M. Will Sell Stake in EV Battery Plant to LG
Dec 2, 2024, 4:16 PM
LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.
Stock market today: S&P 500, Nasdaq close at record highs as tech surges to kick off December
Dec 2, 2024, 4:00 PM
Investors are looking ahead to a week of labor data that could influence the scope of interest rate cuts.
CEO turnover reaches record levels in 2024 as 'increasing complexity' drives execs to the exits
Dec 2, 2024, 3:16 PM
More exacting boards, a winner-take-all market, and higher capital costs are making it harder for CEOs to keep their jobs.
Vodka maker Stoli Group USA files for Chapter 11 bankruptcy
Dec 2, 2024, 3:12 PM
Stoli Group USA sought Chapter 11 bankruptcy protection in court last week. Affiliate Kentucky Owl also filed for bankruptcy on the same day, according to PacerMonitor.
How an upstart global payment system led to Trump's latest tariff threat
Dec 2, 2024, 1:55 PM
Donald Trump's latest tariff threat appears to have stemmed at least in part from a nascent blockchain-based entrant into the influential world of global financial messaging.
Intel CEO Forced Out by Board Frustrated With Slow Progress
Dec 2, 2024, 1:43 PM
(Bloomberg) -- Intel Corp. Chief Executive Officer Pat Gelsinger was forced out after the board lost confidence in his plans to turn around the iconic chipmaker, adding to turmoil at one of the pioneers of the technology industry.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionThe clash came to a head last week when Gelsinger met with the board about the company’s progress on winning back market s
Jason Laks Named President of Broadway League
Dec 2, 2024, 1:30 PM
The Broadway League, an industry trade organization, named Jason Laks as its new president. “I think our mission has to be more than to make it 2019 again,” Laks said.
S&P 500 will hit 6,666 in 2025 with large cap value stocks leading the way: BofA
Dec 2, 2024, 12:19 PM
Bank of America believes strong economic growth will support further broadening of the stock market rally in 2025.
S&P 500 to hit 6,666 in 2025 as large cap value leads, BofA predicts
Dec 2, 2024, 12:19 PM
Bank of America believes strong economic growth will support further broadening of the stock market rally in 2025.
This 'stepping stone' strategy helps parents boost their kids' credit score. Here's how it works
Dec 2, 2024, 12:17 PM
Adding a child as an authorized user to your credit card account can help jumpstart their credit history. But there can be risks, experts said.
One of Warren Buffett's favorite ETFs attracts $100B for first time
Nov 29, 2024, 11:47 AM
Investors are plowing money into the two largest ETFs that track the S&P 500, the broadest measure of the U.S. stock market. But each has different bragging rights.
Investors Punish France Over Budget Turmoil
Dec 2, 2024, 11:41 AM
The country’s borrowing costs have soared over worries that a political showdown in Parliament over spending cuts and tax increases could topple a fragile government coalition.
Super Micro to hire new CFO, says independent review finds no evidence of fraud
Dec 2, 2024, 11:05 AM
In late July, Super Micro's auditor at the time, Ernst & Young (EY), raised concerns about the company's governance, transparency and internal control over financial reporting, prompting its board to form a special committee. It also plans to name a chief compliance officer and a general counsel.
Intel CEO Pat Gelsinger Steps Down Amid Chipmaker’s Struggles
Dec 2, 2024, 9:33 AM
Pat Gelsinger stepped down after nearly four years at the helm of the company, Intel said Monday.
Stellantis CEO abruptly resigns amid differences with board
Dec 2, 2024, 10:04 AM
Stellantis CEO Carlos Tavares abruptly announced his resignation on Sunday after leading the car giant for four years. Its board is already looking for his permanent replacement.
Volkswagen Unions Begin Short Strikes and Threaten More
Dec 2, 2024, 9:26 AM
Workers at nine of the automaker’s German factories walked off their jobs for several hours, and warned they would escalate the action if their demands went unmet.
Intel CEO Pat Gelsinger Steps Down Amid Chipmaker’s Struggles
Dec 2, 2024, 9:33 AM
Pat Gelsinger stepped down after nearly four years at the helm of the company, Intel said Monday.
Stock market today: Dow, S&P 500 hold near record highs to kick off final month of banner 2024
Dec 2, 2024, 9:06 AM
Investors are looking ahead to a week of labor data that could influence the scope of interest-rate cuts.
Stellantis and Samsung Will Get $7 Billion to Build Battery Factories
Dec 2, 2024, 8:00 AM
The loan, from the Biden administration, was designed to withstand Republican attacks and will be used to make electric-car batteries in Indiana.
Will Trump’s Dollar Diplomacy Roil Global Trade?
Dec 2, 2024, 7:58 AM
The President-elect is demanding the so-called BRICS countries pledge fealty to the greenback, or risk a new wave of tariffs.
Fed's Powell may have made US monetary policy boring again
Dec 2, 2024, 6:09 AM
For much of the past 17 years the Federal Reserve has been the central player in U.S. economic policy, throwing multi-trillion-dollar safety nets under the financial system, offering nearly a decade of ultra-cheap money, jumping redlines during the COVID-19 pandemic, and delving more into areas like equity and climate change. But that expansive role has now shrunk to one of terse policy statements, a meat-and-potatoes debate over interest rates, a declining stash of bonds, and a growing possibility that Fed Chair Jerome Powell may be remembered both as the man who got the U.S. through the economic crisis triggered by the pandemic and the one who made central banking boring again. Former St. Louis Fed President James Bullard was on the policymaking team that saw the central bank's role expand during the 2007-2009 financial crisis, watched as it mushroomed again during the pandemic and sees it now morphing back into something more normal.
Why it may not be easy to restart the Keystone XL pipeline
Dec 2, 2024, 6:00 AM
President-elect Trump could look to restart the Keystone XL pipeline once he takes office in January, though the project was canceled in 2021 and resuming it could prove challenging.
Biden Targets China’s Chip Industry With Wider Trade Bans
Dec 2, 2024, 5:02 AM
New rules prohibit the sale of certain types of chips and equipment to China, in an effort to close loopholes and cement the Biden administration’s legacy in countering the U.S. rival.
Trump’s pick to run FCC is an ominous sign for Big Tech
Dec 2, 2024, 4:00 AM
The country’s tech titans might need to start fortifying defenses against the agenda of incoming Federal Communications Commission chair Brendan Carr.
Typhoo Tea rescued by vape maker Supreme
Dec 2, 2024, 3:46 AM
The new owner said Typhoo's production will be moved abroad.
Shares in major Adani investor GQG plunge after analyst note on outflows
Dec 2, 2024, 12:06 AM
SYDNEY (Reuters) -Shares of Australian-listed GQG Partners tumbled 13% on Monday after UBS downgraded the stock and said the firm may have lost A$600 million ($390 million) in funds under management in the two days following the indictment of Adani Group executives. GQG is a major backer of Adani Group companies, whose founder Gautam Adani and seven other company associates have been indicted by U.S authorities on bribery charges. Adani Group says the allegations are baseless and has vowed to seek "all possible legal recourse".
'Surprising' pick-up in house price growth, says Nationwide
Dec 2, 2024, 2:44 AM
House prices grew at their fastest annual pace for two years last month, the lender says.
Dollar edges higher on rate uncertainty, tariff threats
Dec 1, 2024, 11:43 PM
The dollar pushed higher again on Monday in what is shaping up to be a critical week for the prospect of U.S. rate cuts, while drawing verbal support from U.S. President-elect Donald Trump. In a surprise change of tone, Trump on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that could replace the dollar or face 100% tariffs. Political uncertainty in France added to pressure on the euro which slipped 0.4% to $1.0532, after bouncing 1.5% last week and away from a one-year trough of $1.0425.
Japanese Firms Boost Capex in Sign of Confidence Holding Up
Dec 1, 2024, 7:57 PM
(Bloomberg) -- Japanese companies increased investments in the three months through September, pointing to stronger-than-expected resilience in corporate confidence and supporting views that the Bank of Japan may raise rates sooner rather than later. Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesCapital expenditure on goods excluding software gained 0.8% in the quarter from the previous period,