News - 2024-12-12

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The move follows Meta’s donation of the same amount to the fund earlier this week.

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.

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Stanley, which also makes trendy tumblers that are wildly popular on social media, urged consumers to contact them for replacement lids.

An intense struggle has unfolded in Washington between companies and officials over where to draw the line on selling technology to China.

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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.

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.

AI can create digital humans and digital organs that can be used in clinical trials.

Niall fell victim to theft while on a train and police data shows a rise in reports of these crimes.

Banks with commercial real estate exposure have struggled after the Federal Reserve hiked interest rates through 2023, leaving them with unrealized losses.

The Dow Jones Industrial Average dropped for a sixth consecutive day, notching its longest losing streak since April.

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The increase is the latest for the streaming service, which debuted in 2017 at $35 a month. The company blamed “rising content costs.”

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.

Investors got the next piece of the inflation puzzle after the latest reading on consumer prices boosted bets on a December rate cut.

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He was sentenced to 12 years in prison - the heaviest penalty ever for a Danish fraud case.

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Investors got the next piece of the inflation puzzle after the latest reading on consumer prices boosted bets on a December rate cut.

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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.

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.

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.

The Consumer Financial Protection Bureau (CFPB) said it is limiting banks’ ability to charge overdraft fees, and potentially saving households hundreds of dollars.

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The suit, under a long-dormant antitrust law, accuses Southern Glazer’s of charging small businesses “drastically” more than big chains.

Investors got the next piece of the inflation puzzle after the latest reading on consumer prices boosted bets on a December rate cut.

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Mike Whitaker, who runs the Federal Aviation Administration, is leaving the leadership position after serving only one year of a five-year term.

(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

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Matthieu Blazy is getting the coveted post. Here’s how it went down.

The average rate on a 30-year mortgage fell again to 6.6%, according to Freddie Mac.

The US president-elect comes into office with a strong economy, but investors hope for more and current highs may be difficult to sustain.

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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.

The European economy is going to have a tough few years, if new forecasts are correct.

Bottega Veneta announced that Louise Trotter will replace Matthieu Blazy as creative director.

Adobe stock fell after the creative software giant provided a weaker-than-expected outlook for the 2025 fiscal year.

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."

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"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,

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.

President-elect Donald Trump on Thursday rang the opening bell at the New York Stock Exchange in the Manhattan borough of New York City.

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.

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.

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.

It appears to be the latest attempt by the Meta boss to build a closer relationship with the incoming president.

The CFPB says the rule will save American consumers $5 billion annually.

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Cruise's demise pokes another hole in the commercial fantasy of a robotaxi fleet.

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Dennis Iliffe's insurers say the winds that damaged his home were 2mph too slow for them to pay out.

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 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.

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.

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A growing cottage industry is dedicated to the theory that mind-altering drugs can improve business leadership.

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.

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.

The retailer says it had not planned for the full impact of recent changes to tax and other government policy.

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.

(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

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.

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Price inflation is slowing for many goods, as the Consumer Price Index increased 2.7%.

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Energy firms will be forced to offer the new tariffs under a proposed shake-up of bills by the regulator.

The long-awaited decision follows a standoff with Meta, and succeeds a world-first law from 2021.