News - 2025-01-15

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The Nordic nation doesn't require staff to work long hours and has a generous welfare system.

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A better than-expected consumer inflation report sparked a rally in stocks on Wednesday.

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Inflation rose 2.9% in December while slowing slightly for the first time in months when volatile categories like food and gas are excluded.

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Negotiators reached a phased deal on Wednesday to end the war in Gaza between Israel and Hamas, the U.S. and Qatar said, after 15 months of bloodshed that has killed tens of thousands of Palestinians and inflamed the Middle East. The complex accord outlines a six-week initial ceasefire phase and includes the gradual withdrawal of Israeli forces from the Gaza Strip and release of hostages taken by Hamas in exchange for Palestinian prisoners held by Israel.

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Steve Witkoff, President-elect Trump's chief Middle East negotiator who played a key role in the Hamas-Israeli ceasefire, is a billionaire real estate developer and investor.

The FDA says food manufacturers have until January 2027 to remove the cherry-red dye from their products.

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The Labor Department's inflation report for the month of December showed that food and energy prices were the primary drivers of stubborn inflation experienced by consumers.

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Fresh off a record year for profit and revenue, JPMorgan is facing questions over what CFO Jeremy Barnum admitted was excess capital.

Investors are now betting on an interest rate cut next month from the Bank of England.

A better than-expected consumer inflation report sparked a rally in stocks on Wednesday.

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Jamie Dimon agreed Wednesday with an analyst's assessment that his "base case" for stepping down as JPMorgan Chase CEO is a few years from now.

Macy's CEO Tony Spring, who is trying to turn around the company, wants to prove to the public markets that its three-brand portfolio has more value than what it is showing today.

Joann filed for Chapter 11 bankruptcy protection for the second time in less than a year as it contending with a difficult retail environment. The company is also trying to sell itself.

Vivek Ramaswamy, Elon Musk’s partner in an effort to cut government costs, could make decisions that ultimately make him and his investors richer.

The company is awaiting a decision over the constitutionality of a new law that aims to force a sale of the app to a non-Chinese owner under the threat of a ban.

"CPI month-over-month change has got the Fed zig-zagging," Gundlach said.

The Wall Street CEO discussed growing confidence among business leaders after his bank's strong fourth-quarter report.

The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and energy prices.

A key inflation metric eased for the first time since July as investors debate the Federal Reserve's next interest rate decision.

Top Republican officials at the U.S. Securities and Exchange Commission are poised to begin overhauling the agency's cryptocurrency policies potentially as early as next week when President-elect Donald Trump takes power, said three people briefed on the matter. Among the measures commissioners Hester Peirce and Mark Uyeda are weighing are initiating the process that would ultimately lead to guidance or rules clarifying when the agency considers a cryptocurrency to be a security, and reviewing some crypto enforcement cases pending in the courts, two of the people said. Paul Atkins, Trump's crypto-friendly pick for SEC chair and former agency commissioner, is widely expected to end a crypto crackdown led by President Biden's Democratic SEC chair Gary Gensler, but it is unclear when the Senate will confirm him.

Carlsberg's £3.3bn deal to buy Britvic has been approved by a High Court judge.

Overall prices in the US rose 2.9% compared with a year earlier, official figures show.

The Labor Department released the inflation report for December, which showed prices were up 2.9% from a year ago, in line with economists expectations and up from 2.7% in November.

The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.

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A better than-expected consumer inflation report sparked a rally in stocks on Wednesday.

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The largest banks, including JPMorgan Chase, Wells Fargo and Goldman Sachs, reported bumper profits on Wednesday.

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The nation's largest bank earned $14 billion in the final quarter of 2024 due largely to a Wall Street revival, pushing its annual haul to an all-time record of $58 billion.

The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.

(Bloomberg) -- BlackRock Inc. attracted an annual record of $641 billion in client cash, underlining the firm’s global reach across public and, increasingly, private assets as it integrates multibillion-dollar acquisitions and reshapes its leadership.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Officials Pitch $1.5 Billion Plan to Fix Transit WoesThe tally included $390 billion flowing into its ETF

The lender expects 2025 net interest income, a key measure of what a bank makes on lending, to be 1% to 3% higher than 2024's number of $47.7 billion.

A better than-expected- consumer inflation report sparked a rally in stocks on Wednesday.

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The marginal dip in UK inflation is unusually important and offers some respite to the chancellor.

A historic 2025 tax debate is formally underway. A lot of the early focus is on an issue well known to pretty much every taxpayer: the child tax credit.

The estate’s assets have swelled to $145 million, a probate court filing in the U.S. Virgin Islands shows. Much of that won’t make its way to Mr. Epstein’s victims.

(Bloomberg) -- European stocks edged higher and bond yields slipped as an unexpected slowdown in UK inflation followed a benign wholesale price reading in the US, encouraging hopes that price pressures could be starting to recede. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesBritish consumer prices rose 2.5% from a year earlier in December, better than the 2.6% reading fore

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(Bloomberg) -- Elon Musk cheated Twitter shareholders out of more than $150 million by waiting too long to disclose his growing stake in the company as he prepared a takeover bid, the US Securities and Exchange Commission claimed in a lawsuit filed days before the Trump administration takes over.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesThe agency’s complaint, which was

Markets are getting worried about protectionism, the deportation of migrant workers, and a fresh bout of inflation.

The slower rate means inflation is still above the Bank of England's 2% target.

Digital mental health platforms were supposed to expand access for the neediest patients. Researchers say that hasn’t happened.

Goldman's fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are both expected to rise.

JPMorgan's results will be closely watched for signs that industry optimism is warranted.