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Services will close over National Insurance rise, Mencap tells BBC
Dec 10, 2024, 8:42 PM
The charity is one of a number of care organisations warning they will have to axe vital services.
General Motors pulls plug on Cruise robotaxi project
Dec 10, 2024, 8:45 PM
The car making giant says it will refocus on self-driving technology for personal vehicles.
November CPI report marks latest test for Fed in fight against inflation
Dec 10, 2024, 3:59 PM
November's Consumer Price Index will serve as the latest test of whether an inflation resurgence is a risk to the US economy as the Federal Reserve debates its next interest rate decision.
UK rent soars by average £3,240 since Covid, says Zoopla
Dec 10, 2024, 7:00 PM
The cost of renting rose sharply after lockdown was lifted but the rate of increase is now slowing.
Kroger's $25-billion deal for grocery rival Albertsons blocked by US courts
Dec 10, 2024, 6:43 PM
(Reuters) -A U.S. judge blocked the pending $25-billion merger of U.S. grocery chains Kroger and Albertsons on Tuesday, in a win for the Federal Trade Commission that Kroger has said would likely scuttle the deal. The FTC argued at a three-week trial in Portland, Oregon, that the merger would eliminate head-to-head competition between the top two traditional grocery chains, leading to higher prices for shoppers and reduced bargaining leverage for unionized workers. The ruling, which could be appealed, is a big victory for FTC Chair Lina Khan and President Joe Biden's administration in their bid to counter inflation at the checkout.
Biden Says Trump’s Tax Cuts and Tariffs Would Be ‘a Major Mistake’
Dec 10, 2024, 6:26 PM
The president also said his successor would face blowback from the Republican Party if he tried to unwind the Biden agenda.
China ramps up Wall Street meetings as Trump inauguration looms
Dec 10, 2024, 6:11 PM
Chinese Vice Premier He Lifeng has met with several U.S. finance executives as Beijing seeks to build relationships in the face of rising bilateral tensions.
Stock futures are little changed as investors brace for key inflation data: Live updates
Dec 10, 2024, 6:01 PM
Tuesday marked a down session for the major averages.
US Steel Drops as Biden Plans to Block Sale to Nippon Steel
Dec 10, 2024, 4:46 PM
(Bloomberg) -- President Joe Biden plans to formally block the $14.1 billion sale of United States Steel Corp. to Nippon Steel Corp. on national security grounds once the deal is referred back to him later this month, people familiar with the matter said.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSan Francisco, Paris Named Bes
Fund-Raiser Who Pocketed Money Meant for Sick Kids and Vets Gets 10 Years in Prison
Dec 10, 2024, 4:10 PM
Richard Zeitlin, a telemarketing kingpin who kept 80 percent of the donations raised for charities, pleaded guilty to conspiracy to commit wire fraud in September.
Wall Street’s Titans Can’t Wait for Trump 2.0
Dec 10, 2024, 1:45 PM
The financial world sees plenty of opportunity in the return of President-elect Donald J. Trump. For now, Wall Streeters are looking past the risks.
G.M. Will Stop Developing Self-Driving Taxis
Dec 10, 2024, 4:45 PM
The company said it would now focus its efforts on developing fully autonomous vehicles for personal use.
Macy's activist investors want the retailer to make significant changes
Dec 10, 2024, 4:33 PM
Macy’s is facing calls from a pair of activist investors to make a slew of changes at the department store chain. The activist investors are Barington Capital Group and Thor Equities.
Microsoft shareholders vote against company investing in bitcoin
Dec 10, 2024, 3:36 PM
Microsoft shareholders rejected a proposal that would've tasked the company's board of directors with considering investments in bitcoin as a means of diversifying its portfolio.
Trump makes vow to anyone who invests $1 billion or more in the US
Dec 10, 2024, 3:58 PM
President-elect Trump made a pledge Tuesday to any business or individual that invests $1 billion or more in the U.S., telling followers on Truth Social, "GET READY TO ROCK!!!"
Federal judge blocks Kroger's $25B acquisition of Albertsons
Dec 10, 2024, 3:53 PM
A federal judge issued a ruling that blocks the proposed $25 billion merger between Albertsons and Kroger, which critics argued would reduce competition in the grocery industry.
U.S. Transfers $20 Billion Loan to Ukraine Backed by Russian Assets
Dec 10, 2024, 4:03 PM
The economic lifeline ensures that Ukraine will have economic support after President-elect Donald J. Trump takes office.
Stock market today: Dow, S&P 500, Nasdaq fall as investors await key inflation data
Dec 10, 2024, 4:03 PM
Stocks are mixed ahead of a consumer inflation report seen as key to the path of interest rates.
Stock market today: S&P 500, Nasdaq slip as investors await key inflation data
Dec 10, 2024, 3:51 PM
Stocks are mixed ahead of a consumer inflation report seen as key to the path of interest rates.
Federal Judge Blocks $25 Billion Kroger-Albertsons Grocery Merger
Dec 10, 2024, 3:48 PM
The Federal Trade Commission notched a victory in its efforts to block the supermarket merger over concerns about harm to shoppers and workers.
If Trump adds tariffs, ‘either way, there is a cost to consumers,’ economist says
Dec 10, 2024, 3:45 PM
President-elect Donald Trump's tariff plan is expected to raise costs, especially for low and middle earners, experts said. But the scope of tariffs is unclear.
Eric Trump Promises the ‘Most Pro-Crypto President’ in History
Dec 10, 2024, 3:20 PM
Speaking at a Middle East conference, President-elect Donald J. Trump’s son said his family had embraced cryptocurrency because some banks stopped doing business with them after Jan. 6.
Avanti West Coast workers to strike over Christmas
Dec 10, 2024, 2:41 PM
Train managers have voted for walkouts on 22, 23 and 29 December in a row over rest days.
Gas prices hit a 3-year low – where are they headed next?
Dec 10, 2024, 2:21 PM
Drivers are getting some relief at the pump this week as the average cost for a gallon of regular gasoline in the U.S. reached a three-year low, AAA said.
Google stock pops as company unveils new quantum computing chip
Dec 10, 2024, 12:01 PM
Google said that a math equation that would take a classical supercomputer longer than the whole history of the universe to solve takes only five minutes using a quantum computer powered by its new Willow chip.
Tesla's cheaper 'Model Q' on the way and likely new China EV, analyst says following Tesla meeting
Dec 10, 2024, 11:45 AM
Deutsche Bank is upping its price target for Tesla following investor meetings where Tesla revealed more info about its upcoming vehicles.
LVMH’s Bernard Arnault Squares Off With Filmmaker in Paris Court
Dec 10, 2024, 12:02 PM
Bernard Arnault, the head of LVMH, squared off with a documentary maker in a case of espionage gone wrong, a showdown that had been brewing for years.
Alphabet Climbs Following Breakthrough With Willow Quantum Chip
Dec 10, 2024, 10:50 AM
(Bloomberg) -- Alphabet Inc. shares jumped the most since October as analysts applauded the Google parent’s announcement Monday of a major development in quantum computing through the use of its Willow quantum chip.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSan Francisco, Paris Named Best Cities for Urban TransportationDC Busi
The Container Store gets bad news from NYSE
Dec 10, 2024, 10:41 AM
The New York Stock Exchange has halted trading of The Container Store as it prepares to delist the company, marking the latest blow to the retail chain.
Stock market today: Dow slides, Nasdaq pops in countdown to consumer inflation data
Dec 10, 2024, 9:43 AM
Stocks are mixed ahead of a consumer inflation report seen as key to the path of interest rates.
Stock market today: Dow slides, Nasdaq pops in countdown to consumer inflation data
Dec 10, 2024, 9:44 AM
Markets are muted on the eve of a closely watched consumer inflation report seen as key to the path of interest rates.
Car finance scandal branded 'an unholy mess'
Dec 10, 2024, 8:22 AM
Aggrieved car buyers who feel they were mis-sold a loan should complain to their lender, MPs hear.
How Rupert Murdoch Could Fight Back After a Big Legal Defeat
Dec 10, 2024, 8:03 AM
Rupert Murdoch lost a bid to rewrite a family trust to give his son Lachlan control of his empire after he dies. But the nonagenarian media titan plans to appeal.
Stock market today: Dow, S&P 500, Nasdaq futures hit pause in countdown to consumer inflation data
Dec 10, 2024, 7:13 AM
Markets are muted on the eve of a closely watched consumer inflation report seen as key to the path of interest rates.
Coffee prices at record high after bad weather
Dec 10, 2024, 6:32 AM
Coffee drinkers are set to feel the pinch from high prices after crops got hit by drought and heavy rainfall.
Boeing to layoff hundreds in Washington state as company-wide cuts continue
Dec 10, 2024, 5:56 AM
Boeing will be laying off 396 employees in Washington state as part of the 10% cut of the company's global workforce following a crisis-filled year.
Stop non-priority spending, Treasury warns ministers
Dec 9, 2024, 6:52 PM
Rachel Reeves promises to take an "iron fist" to waste, but the Tories say her sums do not add up.
The Fed's 'final 5-pound' issue with inflation points to gradual rate cuts: Morning Brief
Dec 10, 2024, 6:00 AM
Getting inflation down to 2% remains the Fed's key objective. But it also seems to be anticipating possible ways the cure might become another poison — and making sure it doesn't happen.
How Crypto Insiders Turned ‘Debanking’ Into a Political Storm
Dec 10, 2024, 5:03 AM
Concerns that crypto companies are being purposely cut off from the global banking system have become a political cudgel at an opportune moment for the industry.
Tax Cuts Were Top of Mind at the Tax Foundation’s Annual ‘Prom’
Dec 10, 2024, 5:02 AM
Republican control of Washington and a tax bill next year have corporate America excited — and on edge.
6 Mountains Where You Can Ski for $100 or Less
Dec 10, 2024, 5:01 AM
The average price of a single-day lift ticket at a destination ski resort in the U.S. is $250, but there are plenty of smaller areas where getting on the slopes is much cheaper.
FTC's Lina Khan isn't letting up on Big Tech even with her future in doubt
Dec 10, 2024, 4:00 AM
Lina Khan’s time may be running out as boss of the Federal Trade Commission, but she is not going quietly.
Equiment hire giant Ashtead to move stock listing to US
Dec 10, 2024, 4:08 AM
The building equipment rental firm joins others who have moved to the US from London.
European Stock Futures Fall as China Rally Fades: Markets Wrap
Dec 10, 2024, 2:00 AM
(Bloomberg) -- European stocks look set to open lower after Chinese shares pared an opening rally, damping earlier enthusiasm about increased stimulus in the world’s second-largest economy.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectCloud Computing Tax Threatens Chicago’s Silicon Valley AmbitionsNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on it
Thames Water: Embattled firm sees more sewage spills
Dec 10, 2024, 2:49 AM
Thames Water saw a 40% increase in pollution incidents in the first half of the year as its debts continued to rise.