Daily News Explorer
Madoff fraud victims get $4.3bn as fund completes payouts
Dec 30, 2024, 9:17 PM
Victims of one of the biggest frauds in US history set to recover more than 90% of proven losses.
What we know about US H-1B visas Trump supporters are clashing over
Dec 30, 2024, 7:05 PM
An immigration row has erupted over a long-standing US visa programme, We've looked into the figures behind the scheme.
US Treasury Says It Was Breached by Chinese-Backed Hacker
Dec 30, 2024, 6:05 PM
(Bloomberg) -- The US Treasury Department was hacked by a Chinese state-sponsored actor through a third-party software service provider, according to a letter the agency sent to Congress on Monday.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Treasury described the intrusion as a “major cybersecurity incident,” since it was attributed to a state-sponsored actor, according to the letter, which was reviewed by Bloomberg News.Treasury was notified on Dec. 8 by
Stock futures tick lower as S&P 500 closes out second year in a row with 20% gain: Live updates
Dec 30, 2024, 6:07 PM
The S&P has surged more than 24% this year, on pace for its second consecutive annual gain above 20%.
Post Office campaigners appointed OBEs say the fight continues
Dec 30, 2024, 5:30 PM
Four former sub-postmasters are made OBEs in the New Year Honours list.
CCP-affiliated hacker breaks into Treasury Department system in 'major incident'
Dec 30, 2024, 4:01 PM
A hacker affiliated with the Chinese government reportedly hacked the U.S. Treasury Department in a "major incident" using a security key, officials said on Monday.
ETFs had a motherload year
Dec 30, 2024, 7:00 AM
The ETF industry has never had a better year than 2024 as investors gravitated towards active funds as well as Bitcoin ETFs, which made a splash in January after receiving SEC approval.
Stock market today: S&P 500, Nasdaq, Dow slide as strong year nears its close
Dec 30, 2024, 4:01 PM
Stocks moved lower on Monday morning as the market slumped to end 2024.
Bill Ackman expects Trump to privatize Fannie Mae and Freddie Mac
Dec 30, 2024, 3:41 PM
Shares of Fannie Mae climbed 18.4%, while those of Freddie Mac rose 18% following Ackman's post on social media platform X. According to Ackman's post, Fannie Mae and Freddie Mac may emerge from conservatorship in the next two years, potentially leading to their public listing around 2026.
Crypto isn't really an asset like gold, San Francisco Fed president Mary Daly says
Dec 30, 2024, 12:55 PM
Crypto warrants being in a class of its own, explained San Francisco Fed president Mary Daly.
China Hacked Treasury Dept. in ‘Major Incident,’ U.S. Says
Dec 30, 2024, 3:20 PM
The department notified lawmakers of the breach, which it said was linked to a state-sponsored actor in China.
US credit card defaults soar to highest level in 14 years
Dec 30, 2024, 2:43 PM
Defaults on credit card loans soared 50% in 2024 to the highest since 2010 according to a new report, causing experts to warn the "debt bubble is popping."
Exchange-traded funds have a 'tax magic' that many mutual funds don't offer
Dec 30, 2024, 2:30 PM
Fewer exchange-traded funds generate capital gains distributions for investors each year relative to mutual funds.
Boeing stock falls following crash of Jeju Air 737-800 jet
Dec 30, 2024, 12:39 PM
Boeing stock dropped 2% in midday trade on Monday as investigators looked into the crash of a South Korean Boeing jet.
NYSE, Nasdaq to close Jan. 9 for national day of mourning following death of Jimmy Carter
Dec 30, 2024, 12:45 PM
The New York Stock Exchange (NYSE) and the Nasdaq will participate in the national day of mourning for the late President Jimmy Carter on Jan. 9 by closing their markets.
Dark Doldrums Overshadow Europe’s Energy Markets
Dec 30, 2024, 12:00 PM
Periods of low sun and wind, a weather pattern known as a Dunkelflaute, can increase electricity prices and stoke political tensions.
HS2: High-speed project in 'very serious situation', boss says
Dec 30, 2024, 11:15 AM
Mark Wild said the high-speed project needed a "fundamental reset" as HS2 issued an update.
Boeing shares fall after South Korea calls for inspection of 737-800 jets
Dec 30, 2024, 11:49 AM
Boeing shares were lower Monday after South Korea announced it is launching an investigation following the deadly Jeju Air crash over the weekend that involved a Boeing jet.
Treasury again delays the beneficial ownership reporting deadline for small businesses
Dec 30, 2024, 11:23 AM
A Jan. 13 deadline for businesses to report "beneficial ownership information" was delayed again following a court order.
Tesla investor: Elon Musk is working more for Trump and less for Tesla
Dec 30, 2024, 10:44 AM
Tesla shareholders may want to begin paying attention to who is really running the EV giant, one prominent investor says.
Housing contract activity, thanks to more inventory, rises for fourth straight month
Dec 30, 2024, 10:00 AM
Housing contract activity picked up for the fourth straight month in November as buyers shrugged off elevated mortgage rates and took advantage of higher inventory levels.
Stock market today: S&P 500, Nasdaq and Dow sink to start final trading week of 2024
Dec 30, 2024, 10:19 AM
Stocks moved lower on Monday morning as the market slumped to end 2024.
Stock market today: S&P 500, Nasdaq slide to start final trading week of 2024
Dec 30, 2024, 9:39 AM
Stocks moved lower on Monday morning as the market's slump to end 2024 rolled on.
Bankruptcies were significant in 2024; here are some of the biggest
Dec 30, 2024, 8:00 AM
Bankruptcies played a significant role in economic news in 2024 with retailers, restaurants and an airline all looking for bankruptcy protection to keep from having to shut down entirely
Role of Concrete Wall Near Runway Questioned in South Korea Plane Crash
Dec 30, 2024, 8:11 AM
Aviation safety analysts said they expect officials investigating the crash, which killed 179 people, to look into the location and composition of a structure housing an antenna.
Stock market today: S&P 500, Nasdaq futures slide to start final trading week of 2024
Dec 30, 2024, 7:55 AM
Stock futures pointed lower on Monday morning as the market's slump to end 2024 looked poised to continue.
Avanti West Coast strike to hit New Year's Eve trains
Dec 30, 2024, 6:15 AM
Rail passengers will face a "significantly reduced" service due to a strike by train managers.
10 charts that tell the story of markets and the economy in 2024
Dec 30, 2024, 6:00 AM
Here's why the S&P 500 is on track to rise more than 20% in two consecutive years for the first time since the late 1990s.
How Google proved it 'still has its mojo' in 2024
Dec 30, 2024, 6:00 AM
Alphabet stock is enjoying a December resurgence, even under the weight of sweeping antitrust enforcement and intense competition for AI turf.
Boeing Shares Drop After South Korea Plane Crash
Dec 30, 2024, 5:47 AM
A widely used Boeing aircraft, the 737-800, was involved in Sunday’s crash-landing of a Jeju Air flight that killed 179 people.
What are my rights if my flight is cancelled or delayed?
May 31, 2022, 7:46 AM
If you face disruption because flights are cancelled or delayed you could be entitled to help.
Gatwick Airport Departures: Disruption continues into fourth day
Dec 30, 2024, 3:24 AM
The airport said that 20 flights have been cancelled throughout the day on Monday.
Jimmy Carter’s energy legacy is still with us today — from how we use solar energy to how we frack
Dec 30, 2024, 3:06 AM
Jimmy Carter’s time at the White House left a deep imprint on how Americans consume energy.
How retirement savings will change in 2025
Dec 29, 2024, 9:30 AM
Saving for retirement will get a boost in 2025 thanks to higher contribution limits and the phase-in of provisions stemming from the Secure 2.0 Act.
Naetive Studio founder on starting a business in maternity leave
Dec 29, 2024, 4:55 PM
A businesswoman, whose mugs have been shared by Molly-Mae, says "mum-guilt" is her biggest challenge.