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Bitcoin hits $100,000 milestone level as Trump-fueled rally reaches new heights
Dec 4, 2024, 9:59 PM
Bitcoin hits $100,000 in a major win for crypto bulls.
Bitcoin Price Surges to a Milestone: $100,000
Dec 4, 2024, 9:55 PM
The price of a single Bitcoin rose to six figures for the first time, an extraordinary level for a 16-year-old cryptocurrency once dismissed as a sideshow.
Intel's Pat Gelsinger departing chipmaker with millions in severance
Dec 4, 2024, 9:33 PM
Former Intel CEO Pat Gelsinger is in line to receive millions of dollars in severance following his decision to step down from the struggling chipmaker, according to company filings.
Why Swedish women are quitting work
Dec 4, 2024, 7:37 PM
Sweden has a reputation for strong gender equality, but some young women are giving up their jobs.
Shoppers increasingly using cash to budget
Dec 4, 2024, 7:36 PM
Notes and coins used in a fifth of transactions, say retailers - a second consecutive annual rise.
'Spray foam insulation ruined our house sale'
Dec 4, 2024, 7:36 PM
More than 160 people contacted the BBC after it found some mortgage lenders are rejecting homes with spray foam.
Higher prices, extra jobs: Lessons from Trump’s washing machine tariffs
Dec 4, 2024, 1:50 PM
Consumers paid more for laundry equipment after Trump imposed tariffs on imports in 2018. It was an extremely costly way to create jobs.
'Large number' of Americans' metadata stolen by Chinese hackers, senior official says
Dec 4, 2024, 6:32 PM
WASHINGTON (Reuters) -A large number of Americans' metadata has been stolen in the sweeping cyberespionage campaign carried out by a Chinese hacking group dubbed "Salt Typhoon," a senior U.S. official told journalists on Wednesday. The official declined to provide specific figures but noted that China's access to America's telecommunications infrastructure was broad and that the hacking was still ongoing. Pushed on whether that might include every American cell phone's records, the official said: "We do not believe it's every cell phone in the country, but we believe it's potentially a large number of individuals that the Chinese government was focused on."
Stock futures are little changed after S&P 500, Nasdaq notch new closing highs: Live updates
Dec 4, 2024, 6:02 PM
The three major averages posted fresh records on Wednesday.
Far from a bazooka, China's stimulus measures are just trickling through the economy
Dec 4, 2024, 6:05 PM
China's latest efforts to kickstart growth will take time to play out, data and company earnings show.
Stock market today: Nasdaq, Dow, S&P 500 hit records as tech surges, Fed's Powell says economy in 'remarkably good shape'
Dec 4, 2024, 7:12 PM
Fed Chair Jerome Powell's speech looms large as investors calculate the odds of a December rate cut.
Target must face shareholder lawsuit over Pride backlash, US judge rules
Dec 4, 2024, 5:51 PM
(Reuters) -Target has failed to persuade a judge in Florida to dismiss a lawsuit that accused the retailer of deceiving shareholders after its sales of LGBTQ-themed merchandise for Pride Month sparked a backlash and a customer boycott. U.S. District Judge John Badalamenti in Fort Myers ruled that the plaintiffs had presented enough information for now to pursue claims that Target misled investors about its efforts to guard against social and political risks. The lawsuit from investor Brian Craig claims that Target's board focused only on activist groups' calls for diversity, equity and inclusion (DEI) measures and overlooked potential negative responses to the Pride campaign in May 2023.
Airbus to axe nearly 500 UK jobs to cut costs
Dec 4, 2024, 5:26 PM
It has made the cuts mostly to its space division and says there are no "compulsory" losses planned.
Stock market today: Nasdaq, Dow, S&P 500 hit records as tech surges, Fed's Powell says economy in 'remarkably good shape'
Dec 4, 2024, 7:12 PM
Fed Chair Jerome Powell's speech looms large as investors calculate the odds of a December rate cut.
Powell 'not concerned' Fed could lose independence under Trump 2.0
Dec 4, 2024, 3:25 PM
Federal Reserve Chair Jerome Powell said Wednesday he is 'not concerned' that the central bank could lose its independence during a new Trump administration and is 'confident' he will have a good relationship with the new Treasury secretary.
Campbell's CEO to retire, join Washington Commanders' front office
Dec 4, 2024, 3:17 PM
Campbell’s CEO Mark Clouse will retire from the packaged food company and join the Washington Commanders' front office early next year. He will head the team's business operations.
More employers add 401(k) plan match for workers paying student loans
Dec 4, 2024, 3:03 PM
The share of businesses choosing to offer a 401(k) plan match based on student loan payments is slowly increasing due to a law known as Secure 2.0.
UnitedHealthcare CEO Brian Thompson killed in 'brazen, targeted attack' in Manhattan
Dec 4, 2024, 10:25 AM
The CEO of UnitedHealthcare, UnitedHealth's insurance unit, was killed Wednesday morning in a "premeditated, pre-planned, targeted attack," police said.
Powell says he's not worried about the Fed losing its independence under Trump
Dec 4, 2024, 2:52 PM
Federal Reserve Chair Jerome Powell spoke Wednesday at the New York Times DealBook conference.
Trump Picks Paul Atkins to Run the S.E.C.
Dec 4, 2024, 12:59 PM
Mr. Atkins, a pro-business conservative, would likely take a lighter regulatory approach than the current chair of the Securities and Exchange Commission.
Five key takeaways from the Scottish Budget
Dec 4, 2024, 1:52 PM
Scrapping the two-child cap and changes to tax thresholds are among plans for the next financial year.
Private sector adds 146,000 jobs in November, below expectations, ADP says
Dec 4, 2024, 8:34 AM
Companies in the private sector added 146,000 jobs in November, payroll processing firm ADP said on Wednesday. The figure is below economists’ estimates of 150,000 jobs.
Watch live: Fed Chair Jerome Powell discusses central bank independence, crypto at Dealbook conference
Dec 4, 2024, 1:25 PM
The appearances comes two weeks ahead of when the central bank will announce is decision on interest rates.
Apple CEO Tim Cook asked about his future, says 'hard to imagine life without Apple'
Dec 4, 2024, 1:01 PM
After 13 years at the helm, CEO Tim Cook says it's difficult for him to imagine a life without Apple.
Foot Locker shares sink after weak quarterly results
Dec 4, 2024, 12:32 PM
Foot Locker shares sank on Wednesday after the sports retail company lowered its full-year sales and earnings outlook. Total sales for the quarter slipped 1.4% to $1.96 billion.
Guinness supplies limited ahead of Christmas after demand soars
Dec 4, 2024, 12:22 PM
Guinness-maker Diageo has placed limits on wholesale distribution of the stout to pubs in Great Britain after "exceptional demand"
China Takes Harder Trade Stance as Trump Prepares for Office
Dec 4, 2024, 11:55 AM
Faltering U.S. industrial leadership has allowed China to take a harder trade stance as President-elect Donald Trump prepares to take office.
Who was Brian Thompson, UnitedHealthcare CEO?
Dec 4, 2024, 11:09 AM
UnitedHealthcare CEO Brian Thompson was fatally shot outside the Hilton Hotel in Manhattan on Wednesday prior to a UnitedHealth conference for investors in New York.
Guardian Journalists Strike Over Planned Sale of The Observer
Dec 4, 2024, 9:52 AM
Workers have begun a 48-hour walkout, the first in 50 years for the outlet, over a proposal to sell The Observer to Tortoise Media, a digital media start-up.
Media mogul's $10B McDonald's discrimination suit will go to trial, federal judge rules
Dec 4, 2024, 9:21 AM
Media mogul Byron Allen's $10 billion racial discrimination lawsuit against McDonald's will proceed to trial after a federal judge handed down his decision.
DealBook Summit Live Updates and News: Jerome Powell, Prince Harry and Jeff Bezos Among Speakers
Dec 4, 2024, 8:33 AM
Alex Cooper, the host of “Call Her Daddy,” is onstage now. Jeff Bezos, Prince Harry and Sundar Pichai are among those still to come.
Amazon Sued Over Slow Deliveries to Low-Income Areas
Dec 4, 2024, 8:43 AM
The District of Columbia’s attorney general said the company deliberately outsourced Prime member deliveries in certain ZIP codes.
Meet Lamb Chop, America’s Hottest Dog Toy
Dec 4, 2024, 5:01 AM
Beloved by generations of children as a famous TV puppet, the plush lamb has now earned elite status among an unlikely fan base: dogs.
Not so pretty in pink? Jaguar's polarizing Type 00 concept has lost 'all connection' to brand's past.
Dec 3, 2024, 2:30 PM
Unveiled last night from glitzy Art Basel Miami, Jaguar’s new coupe, dubbed the Type 00, features what the brand believes is pure Jaguar but in a dramatic, art deco-inspired overall design. Most critics and online commentators disagree.
Stock market today: Nasdaq futures lead S&P 500, Dow higher with Fed's Powell on deck
Dec 4, 2024, 6:53 AM
Fed Chair Jerome Powell's speech looms large as investors calculate the odds on a December rate cut.
G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
Dec 4, 2024, 6:46 AM
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.
Want to buy a home in 2025? Here's where mortgage rates will land
Dec 4, 2024, 6:00 AM
Realtor.com's 2025 housing forecast released Wednesday indicates mortgage rates will come down next year -- but not as much as potential buyers and sellers would like.
Trump's mass deportation plan could hinder US farmers; lead to higher prices
Dec 4, 2024, 6:00 AM
Industry experts and farmers warned FOX Business that there could be a significant impact on the agriculture sector if Trump's mass deportation plan is implemented.
San Francisco Fed president on Trump tariffs: 'Very prepared' to assess impact
Dec 4, 2024, 6:00 AM
The Fed doesn't have a Trump tariff forecast ready as the central bank doesn't "think in hypotheticals," says San Fran president Mary Daly, but it "doesn't usually derail growth."
ADL study finds Jewish jobseekers face significant discrimination in US labor market ahead of new Trump admin
Dec 4, 2024, 6:03 AM
Jewish American job-seekers needed to send 24.2% more applications to receive the same number of responses, a new Anti-Defamation League (ADL) study found.
UK interest rates higher for longer due to Budget, says OECD
Dec 4, 2024, 6:23 AM
Measures in the Budget will boost growth in the short-term, but interest rates will fall more slowly, it says.
Wall Street is betting on a strong US economy in 2025: Morning Brief
Dec 4, 2024, 6:00 AM
So far, most equity strategy teams see the stock market rising in 2025, buttressed by another strong year of economic growth. That may favor value stocks this time — instead of yet another year of Big Tech domination.
What to Expect at Today’s DealBook Summit: Full Speaker Lineup
Dec 4, 2024, 5:59 AM
Sam Altman, Jerome Powell, Jeff Bezos, Bill Clinton, the podcaster Alex Cooper, Ken Griffin, Prince Harry, and Serena Williams are among the big names speaking.
Lifespan of four nuclear power stations extended
Dec 3, 2024, 6:00 PM
EDF Energy says Torness, in East Lothian, and its sister site Heysham 2, in Lancashire, will continue generating for an extra two years.
Stocks Post Small Moves Before French Vote, Powell: Markets Wrap
Dec 4, 2024, 3:31 AM
(Bloomberg) -- European stocks and US equity futures made modest gains as traders braced for political developments in France and awaited remarks from Federal Reserve Chair Jerome Powell. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsRetail and technology shares helped push Europe’s Stoxx 600 index up 0.2%. S&P 500 index contracts also edged higher after the benchmark eked out its 55th record hi
Elon Musk pay defeat sets up a 2025 legal battle that could reach the Supreme Court
Dec 3, 2024, 2:56 PM
Tesla pledged to keep fighting for Elon Musk's $65 billion pay to be restored, a battle that could make it all the way to the highest US court.
Hinkley Point C: Major milestone hit in building UK's newest nuclear power station
Dec 4, 2024, 12:58 AM
The nuclear power plant is the first to be built in the UK for 30 years.
How Bangladesh’s Economy Was Siphoned Dry
Dec 4, 2024, 12:00 AM
Bangladesh’s currency was battered by what the new head of the central bank says was the looting of the banks under the deposed prime minister.