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Amazon Plans $1 Million Donation to Trump’s Inaugural Fund
Dec 12, 2024, 8:31 PM
The move follows Meta’s donation of the same amount to the fund earlier this week.
Health insurance industry 'laying low' in aftermath of UnitedHealthcare CEO shooting
Dec 12, 2024, 4:22 PM
UnitedHealthcare CEO Brian Thompson's alleged killer was taken into custody late Monday as police search for a motive and the American public remains enraged.
Stanley Recalls More Than 2 Million Travel Mugs Over Burn Hazard
Dec 12, 2024, 5:29 PM
Stanley, which also makes trendy tumblers that are wildly popular on social media, urged consumers to contact them for replacement lids.
How U.S. Firms Battled a Government Crackdown to Keep Tech Sales to China
Dec 12, 2024, 12:00 PM
An intense struggle has unfolded in Washington between companies and officials over where to draw the line on selling technology to China.
Ev Williams, Twitter and Medium Founder, Unveils New Social App
Dec 12, 2024, 10:46 AM
The serial internet entrepreneur, who co-founded Twitter and created Medium, was turning 50 and feeling detached from friends. Maybe a new start-up could fix that.
Adani Group, a Symbol of India’s Soft Power, Stumbles After Indictments
Dec 12, 2024, 10:54 AM
Countries in Asia, Africa and elsewhere have been distancing themselves from Gautam Adani, the Indian magnate, after accusations of bribery and conspiracy by American prosecutors.
Why 'digital twins' could speed up drug discovery
Dec 12, 2024, 7:08 PM
AI can create digital humans and digital organs that can be used in clinical trials.
'Train phone snatcher stole £21,000 from my bank apps'
Dec 12, 2024, 7:00 PM
Niall fell victim to theft while on a train and police data shows a rise in reports of these crimes.
Flushing Financial seeks to raise $70 million to shore up capital as it unloads underwater bonds
Dec 12, 2024, 6:07 PM
Banks with commercial real estate exposure have struggled after the Federal Reserve hiked interest rates through 2023, leaving them with unrealized losses.
Dow futures are little changed after index posts longest losing streak since April: Live updates
Dec 12, 2024, 6:03 PM
The Dow Jones Industrial Average dropped for a sixth consecutive day, notching its longest losing streak since April.
YouTube TV Hikes Monthly Price to $82.99, a 14 Percent Increase
Dec 12, 2024, 6:04 PM
The increase is the latest for the streaming service, which debuted in 2017 at $35 a month. The company blamed “rising content costs.”
Apple IPO anniversary: How much would a $1,000 investment be worth today?
Dec 12, 2024, 4:41 PM
Apple marked the 44th anniversary of its 1980 initial public offering on Thursday, and a $1,000 investment at the time of the IPO would now be worth nearly $2.5 million.
Stock market today: S&P 500, Nasdaq, Dow slide with rate cuts, sticky inflation in focus
Dec 12, 2024, 4:13 PM
Investors got the next piece of the inflation puzzle after the latest reading on consumer prices boosted bets on a December rate cut.
British trader found guilty of £1.4bn fraud
Dec 12, 2024, 3:47 PM
He was sentenced to 12 years in prison - the heaviest penalty ever for a Danish fraud case.
Stock market today: S&P 500, Nasdaq, Dow slide with rate cuts, sticky inflation in focus
Dec 12, 2024, 4:13 PM
Investors got the next piece of the inflation puzzle after the latest reading on consumer prices boosted bets on a December rate cut.
Federal court rejects Nasdaq's diversity rules
Dec 12, 2024, 2:56 PM
A federal appeals court issued a ruling that struck down Nasdaq's diversity rules for companies listed on the exchange that had been approved by the Securities and Exchange Commission.
Los Angeles Times Owner Wades Deeper Into Opinion Section
Dec 12, 2024, 2:47 PM
Dr. Patrick Soon-Shiong’s public comments and actions, including recently blocking an editorial weighing in on President-elect Trump’s cabinet picks, have concerned many staff members.
Costco rejects union demands as contract deadline looms
Dec 12, 2024, 1:44 PM
Teamsters union said that Costco rejected 98% of the contract provisions it proposed, underscoring how tensions are rising between both sides ahead of the deadline.
New rule limits bank overdraft fees: What to know
Dec 12, 2024, 2:02 PM
The Consumer Financial Protection Bureau (CFPB) said it is limiting banks’ ability to charge overdraft fees, and potentially saving households hundreds of dollars.
F.T.C. Sues Largest U.S. Alcohol Distributor for Illegal Pricing
Dec 12, 2024, 1:39 PM
The suit, under a long-dormant antitrust law, accuses Southern Glazer’s of charging small businesses “drastically” more than big chains.
Stock market today: S&P 500, Nasdaq edge lower with rate cuts, inflation data in focus
Dec 12, 2024, 12:31 PM
Investors got the next piece of the inflation puzzle after the latest reading on consumer prices boosted bets on a December rate cut.
F.A.A. Administrator Will Resign Before Trump Takes Office
Dec 12, 2024, 12:51 PM
Mike Whitaker, who runs the Federal Aviation Administration, is leaving the leadership position after serving only one year of a five-year term.
Trump Advisers Consider Raising SALT Write-Off Limit to $20,000
Dec 12, 2024, 12:43 PM
(Bloomberg) -- Trump’s economic advisers are considering doubling the state and local tax deduction, a popular — but expensive — tax break that could deliver big savings to many residents of New York, New Jersey, and California.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamEconomist Steph
Chanel Names Matthieu Blazy As Artistic Director
Dec 12, 2024, 12:29 PM
Matthieu Blazy is getting the coveted post. Here’s how it went down.
Mortgage rates dip for third consecutive week to average 6.6%
Dec 12, 2024, 12:00 PM
The average rate on a 30-year mortgage fell again to 6.6%, according to Freddie Mac.
Trump rings bell on record stock market - but will it last?
Dec 12, 2024, 12:11 PM
The US president-elect comes into office with a strong economy, but investors hope for more and current highs may be difficult to sustain.
SEE IT: President-elect Trump at the NYSE
Dec 12, 2024, 11:49 AM
President-elect Donald Trump visited the New York Stock Exchange in the Manhattan borough of New York City on Thursday morning and rang the opening bell to kick off trading.
Europe tries to boost economy as Trump presidency looms
Dec 12, 2024, 11:54 AM
The European economy is going to have a tough few years, if new forecasts are correct.
A New Female Designer Takes Center Stage
Dec 12, 2024, 11:45 AM
Bottega Veneta announced that Louise Trotter will replace Matthieu Blazy as creative director.
Adobe stock sinks as weak outlook stokes fears over AI monetization, growing competition
Dec 12, 2024, 10:41 AM
Adobe stock fell after the creative software giant provided a weaker-than-expected outlook for the 2025 fiscal year.
Trump vows 'tremendous incentive' on taxes during NYSE visit
Dec 12, 2024, 10:31 AM
Ahead of ringing Thursday's opening bell, President-elect Trump told the NYSE that "we're going to have an economy the likes of which nobody's ever seen before."
Trump says he’s not going to make any stock market predictions in case there’s a ‘dip’
Dec 12, 2024, 10:29 AM
"I don't want to get into a situation where they do and we have a dip or something, because that can always happen," Trump said,
PPI shows wholesale inflation jumped more than expected amid 'extended and bumpy journey' to Fed's target
Dec 12, 2024, 9:42 AM
Thursday's wholesale inflation reading follows a string of releases that have shown price increases aren't rapidly falling toward the Fed's 2% target.
Trump rings opening bell at New York Stock Exchange
Dec 12, 2024, 9:32 AM
President-elect Donald Trump on Thursday rang the opening bell at the New York Stock Exchange in the Manhattan borough of New York City.
BuzzFeed Strikes Deal to Sell ‘Hot Ones’ Company for $82.5 Million
Dec 12, 2024, 9:07 AM
The sale, to a group that includes the show’s host, Sean Evans, and Soros Fund Management, will allow BuzzFeed to pay down tens of millions of dollars in debt.
Wholesale inflation jumps more than expected as 'extended and bumpy journey' continues to Fed's target
Dec 12, 2024, 9:42 AM
Thursday's wholesale inflation reading follows a string of releases that have shown price increases aren't rapidly falling toward the Fed's 2% target.
Wholesale inflation jumps more than expected in November as price pressures remain sticky
Dec 12, 2024, 9:02 AM
Thursday's wholesale inflation reading follows a string of releases that have shown price increases aren't rapidly falling toward the Fed's 2% target.
Mark Zuckerberg's Meta donates $1m to Trump fund
Dec 12, 2024, 7:43 AM
It appears to be the latest attempt by the Meta boss to build a closer relationship with the incoming president.
CFPB announces rule limiting bank overdraft fees
Dec 12, 2024, 7:27 AM
The CFPB says the rule will save American consumers $5 billion annually.
What Cruise's self-driving end means for Tesla and Waymo: Morning Brief
Dec 12, 2024, 6:00 AM
Cruise's demise pokes another hole in the commercial fantasy of a robotaxi fleet.
Storm Darragh not a storm, Kidderminster man told by insurers
Dec 12, 2024, 1:13 AM
Dennis Iliffe's insurers say the winds that damaged his home were 2mph too slow for them to pay out.
California launches statewide e-bike voucher program
Dec 12, 2024, 5:47 AM
California is launching new incentive offering $2,000 toward electric bikes in an attempt to offer zero-emissions transportation options to “residents who need the boost the most."
Macy's accelerates store closures this year
Dec 12, 2024, 6:00 AM
Macy's said its accelerating the number of stores it plans to close this year as it works to turn around the struggling business. It is aiming to close 150 stores in three years.
New Federal Rule Limits Overdraft Fees at Large Banks
Dec 12, 2024, 5:04 AM
It is unclear whether the rule, which could help save Americans billions in fees each year, will remain in place after President-elect Donald J. Trump returns to office.
Can Psychedelics Help CEOs Boost Their Leadership Skills?
Dec 12, 2024, 5:00 AM
A growing cottage industry is dedicated to the theory that mind-altering drugs can improve business leadership.
Mark Zuckerberg’s Meta Donates $1 Million to Trump’s Inaugural Fund
Dec 12, 2024, 12:01 AM
The move follows a visit that Mark Zuckerberg, Meta’s chief executive, made last month to Mar-a-Lago to meet with President-elect Donald Trump.
Top Wall Street bull sees possibility of feverish stock rally fading in second half of 2025
Dec 12, 2024, 4:00 AM
Fundstrat head of research Tom Lee sees a roaring rally cooling off in the second part of 2025 as stocks could follow a typical historical pattern following two years of strong gains.
Currys says price rises 'inevitable' after Budget tax changes
Dec 12, 2024, 4:31 AM
The retailer says it had not planned for the full impact of recent changes to tax and other government policy.
SNB cuts interest rate 50 basis points, biggest reduction in nearly a decade
Dec 12, 2024, 3:32 AM
BERN (Reuters) -The Swiss National Bank cut its interest rate by 50 basis points on Thursday, the biggest reduction in almost 10 years as it sought to stay ahead of expected cuts by other central banks and cap the rise of the Swiss franc. The SNB reduced its policy rate from 1.0% to 0.5%, the lowest since November 2022. While markets had predicted the move, more than 85% of economists polled by Reuters had expected a smaller cut of 25 basis points.
Nvidia steps up hiring in China to focus on AI-driven cars
Dec 11, 2024, 11:06 PM
(Bloomberg) -- Nvidia Corp. has added hundreds of staff in China this year to enhance its research capabilities and focus on new autonomous driving technologies.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe world’s second most valuable company will end the year with about 4,000 people
DOJ asks court to reject TikTok's emergency bid aimed at delaying law that would ban app
Dec 12, 2024, 3:01 AM
The Department of Justice asked an appeals court late Wednesday night to reject a temporary block to a law that could result in banning the popular TikTok app in America.
Grocery prices pack some punch as overall inflation holds steady
Dec 11, 2024, 12:09 PM
Price inflation is slowing for many goods, as the Consumer Price Index increased 2.7%.
Energy bills: Plans for new tariffs with no standing charge
Dec 11, 2024, 7:01 PM
Energy firms will be forced to offer the new tariffs under a proposed shake-up of bills by the regulator.
Australia to force tech giants to keep paying for news
Dec 12, 2024, 12:45 AM
The long-awaited decision follows a standoff with Meta, and succeeds a world-first law from 2021.