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Star luxury property brokers charged with sex trafficking
Dec 11, 2024, 11:31 PM
Alexander brothers are accused of drugging, assaulting and raping dozens of women over more than a decade
Stock futures slip after Nasdaq notches record close above 20,000: Live updates
Dec 11, 2024, 6:02 PM
A rally in tech names lifted the Nasdaq Composite over the 20,000 threshold for the first time on Wednesday.
Tesla stock closes at all-time high as 69% surge since Trump's win cements dramatic turnaround
Dec 11, 2024, 4:17 PM
Tesla shares hit a new all-time high on Wednesday as the EV maker continues its relentless run higher since President-elect Donald Trump’s election win.
Meet Karol G, Colombia's Taylor Swift
Dec 11, 2024, 7:03 PM
The Colombian singer is the world's most-watched artist when it comes to streamed videos.
Strengthening Inflation Poses Challenge for Trump, Fed
Dec 11, 2024, 5:32 PM
The consumer-price index rose 2.7% from a year earlier, a sign that the path to bringing down price pressures remains bumpy.
David Bonderman, co-founder of TPG and Seattle Kraken co-owner, dies at 82
Dec 11, 2024, 4:24 PM
Private equity billionaire David Bonderman, who co-founded the asset management firm TPG and was the co-owner of the NHL's Seattle Kraken, died Wednesday at the age of 82.
Exxon Plans to Sell Electricity to Data Centers
Dec 11, 2024, 7:00 AM
The country’s largest oil company is designing a natural gas power plant outfitted with carbon capture technology to meet the voracious power demand of technology companies.
Google Unveils A.I. Agent Based on Gemini 2.0
Dec 11, 2024, 10:30 AM
The experimental tool can browse spreadsheets, shopping sites and other services, before taking action on behalf of the computer user.
Facebook, Instagram and Whatsapp down in mass Meta outage
Dec 11, 2024, 3:07 PM
Over 22,000 people reported issues with Facebook this evening and over 18,000 struggled to use WhatsApp, according to Downdetector.
Stock market today: Nasdaq tops 20,000 for first time as Big Tech surges, Tesla hits first record in 3 years
Dec 11, 2024, 4:06 PM
The CPI report sets the stage for the Federal Reserve's final interest rate decision of the year.
Chances of Fed rate cut rise despite higher November inflation report
Dec 11, 2024, 3:37 PM
The market sees the probability of another 25 basis point interest rate cut at next week's Federal Reserve meeting as rising despite inflation ticking higher in November.
New York Times and Tech Guild Reach Deal
Dec 11, 2024, 3:48 PM
The union, which represents some 600 tech workers at the publication, had been negotiating for a contract for more than two years. It will vote on ratifying the deal next week.
Hackers find hole in Krispy Kreme Doughnuts' cyber-security
Dec 11, 2024, 12:05 PM
The hack has left some hungry customers unable to make online orders.
Stock market today: Nasdaq tops 20,000 for first time as Big Tech surge leads stocks higher
Dec 11, 2024, 1:16 PM
The CPI report sets the stage for the Federal Reserve's final interest rate decision of the year.
Elon Musk’s Net Worth Tops $400 Billion, a Historic First
Dec 11, 2024, 11:41 AM
(Bloomberg) -- Elon Musk has become the first person to reach $400 billion in net worth, the latest milestone for the world’s richest individual.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectThe most recen
Bipartisan Lawmakers Seek to Break Up Giant Health Care Conglomerates
Dec 11, 2024, 12:18 PM
New legislation would force UnitedHealth Group, CVS Health and Cigna to each sell their pharmacies within three years.
A cautious Fed on track for one last 2024 cut followed by a 'slowing down' in 2025
Dec 11, 2024, 9:48 AM
A fresh inflation reading that met Wall Street expectations is likely to keep the Federal Reserve on track to cut interest rates again next week, but some central bank watchers believe the Fed will signal a more cautious approach to 2025.
US inflation rises as Americans' confidence improves
Dec 11, 2024, 11:36 AM
Progress stabilising prices in the US may be stalling, just as public opinion brightens.
Elon Musk's Tesla lobbied UK to charge petrol drivers more
Dec 11, 2024, 11:22 AM
Musk's firm backed the government's green stance, despite its maverick chief executive's social media attacks.
Macy's gives update on employee who hid $151M
Dec 11, 2024, 11:16 AM
Macy's CEO Tony Spring provided a fresh update on the rogue employee that hid $151 million in delivery expenses since 2021 and disclosed the individual is no longer with the company.
Here’s the inflation breakdown for November 2024 — in one chart
Dec 11, 2024, 11:01 AM
Increases in prices for groceries and gasoline outweighed disinflation in categories like shelter, according to the consumer price index.
Post Office Horizon scandal: No Trials before 2027, say police
Dec 11, 2024, 11:00 AM
Criminal trials aren't expected to begin until 2027, almost 30 years after concerns were first raised.
Wall Street Alliance Group partner Aadil Zaman reveals what will happen to the stock market when the 'sugar high' wears off on 'Making Money.'
Inflation Ticks Up, but Details Are Encouraging for the Fed
Dec 11, 2024, 5:04 AM
Inflation sped up last month, but the details suggested cooling ahead. Next week, the Fed will makes its final rate decision for 2024.
Macy’s Earnings Report Details Multimillion-Dollar Accounting Error
Dec 11, 2024, 8:19 AM
Analysts see much bigger challenges for the retailer than lax accounting.
Albertsons Backs Out of Merger Deal and Sues Kroger After Court Rulings
Dec 11, 2024, 9:21 AM
The supermarket chain had tried to join forces with Kroger, but judges sided with federal and state regulators who charged that the merger would reduce competition.
Mechanic shortage persists as workers age out of profession
Dec 11, 2024, 8:57 AM
There is a growing shortage of auto mechanics in the industry as workers age out. Certain issues like stigma and finding replacement workers are some challenges.
Warning staff shortages could upend Christmas travel
Dec 11, 2024, 9:02 AM
Lord Hendy says the transport department is going to "keep a close watch on staffing" over the festive period.
Inflation rises 2.7% in November, in line with expectations
Dec 11, 2024, 8:32 AM
The Labor Department released new inflation data for November, which showed that prices were up 2.7% from a year ago as the Federal Reserve weighs another interest rate cut.
Walgreens could 'aggressively' cut costs if privately owned, analyst says
Dec 11, 2024, 8:27 AM
Walgreens will have more freedom to aggressively cut costs if it becomes privately owned, one industry analyst said. The company is reportedly in talks with Sycamore Partners.
November CPI inflation data meets forecasts, cementing Fed rate cut bets
Dec 11, 2024, 8:49 AM
The outlook for inflation is uncertain as economists warn of potential pressures from Trump policies.
Macy’s Details Multimillion-Dollar Accounting Error in Downbeat Report
Dec 11, 2024, 8:19 AM
Analysts see much bigger challenges for the retailer than lax accounting.
November inflation data meets forecasts as Fed debates final rate decision of the year
Dec 11, 2024, 8:31 AM
The outlook for inflation is uncertain as economists warn of potential pressures from Trump policies.
CPI: Live Updates on Latest Inflation Report
Dec 11, 2024, 7:58 AM
Inflation has been cooling notably after peaking in 2022, but in recent months it has shown signs of stalling.
Stock market today: Dow, S&P 500, Nasdaq in holding pattern with key CPI inflation data on deck
Dec 11, 2024, 8:15 AM
The CPI report will set the stage for the Federal Reserve's final interest rate decision of the year.
Top housing markets for 2025 revealed in new forecast
Dec 11, 2024, 6:00 AM
Realtor.com's 2025 housing forecast predicts which major metro areas will have the hottest housing markets based on a combination of projected home prices and sales.
An 'unfamiliar' era for investors has arrived after a 20-year 'regime': Morning Brief
Dec 11, 2024, 6:04 AM
As another CPI reading is set to show the continued challenge of reeling in inflation, RSM chief economist Joe Brusuelas says that things are different now — and explains what that means.
Big banks find many 'reasons to be optimistic about 2025' as Trump 2.0 nears
Dec 11, 2024, 5:25 AM
Executives from the country’s biggest banks sounded optimistic Tuesday as they assessed the impact of a new Trump administration, the state of the US economy in 2025, and more interest rate cuts expected from the Federal Reserve.
Infowars Sale to The Onion Rejected by Federal Bankruptcy Judge
Dec 10, 2024, 11:39 PM
The Onion’s bid for the conspiracy website was supported by the families of victims of the Sandy Hook shooting and a nonprofit focused on ending gun violence.
Houthi Attacks Continue to Disrupt Shipping Industry As Israel-Hamas War Rages On
Dec 11, 2024, 12:00 AM
The transport route around the southern tip of Africa was once little used — but freighters are now forced to take it and are charging higher rates.
Judge rejects The Onion's purchase of Alex Jones's Infowars
Dec 11, 2024, 1:53 AM
Judge Christopher Lopez ruled that an auction for Infowars did not result in the best bids possible.
Britain’s Falling Oil Output Leaves Jobs and Skills at Risk
Dec 11, 2024, 12:00 AM
The government wants to rapidly replace oil and natural gas with clean energy, but offshore wind and other alternatives are still in their early stages.