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Today: December 22, 2024
Today: December 22, 2024

Business

Business|Economy|Europe|Finance

German factory sector catches breath in October after tough September, shows PMI

The downturn in Germany's manufacturing sector eased somewhat in October as output, new orders and employment all slowed their rates of decline after the previous

German factory sector catches breath in October after tough September, shows PMI
Business|Economy|Europe

French industry stuck in recession and outlook stays bleak, survey finds

France's manufacturing sector remained stuck in decline in October as factory output fell at its fastest rate in nine months, dragged down by low new orders, particularly from

French industry stuck in recession and outlook stays bleak, survey finds
Business|Economy|Europe|Finance

German companies' hiring plans drop to four-year low, Ifo finds

German companies are less willing to hire new staff than at any point in more than four years, data from the Ifo institute showed on Monday, as weakness in Europe's largest economy

German companies' hiring plans drop to four-year low, Ifo finds
Business

Nvidia's Huang asked SK Hynix to bring forward supply of HBM4 chips by 6 months, SK's chairman says

Nvidia CEO Jensen Huang had asked memory chip maker SK Hynix to bring forward by six months the supply of its next-generation high-bandwidth memory chips

Nvidia's Huang asked SK Hynix to bring forward supply of HBM4 chips by 6 months, SK's chairman says
Arts|Business|Entertainment|Lifestyle|Technology

A TV as big as a bed? With the holidays approaching, stores stock more supersize sets

For some television viewers, size apparently does matter

A TV as big as a bed? With the holidays approaching, stores stock more supersize sets
Environment|Health

With carbon capture boom, a wariness in historic Louisiana Black community over more pollution

Residents of the historic Black community of Elkinsville in southeastern Louisiana have elevated their fight against an ammonia plant proposed nearby

With carbon capture boom, a wariness in historic Louisiana Black community over more pollution
Business|Economy|US

Is this the deal to end Boeing’s crippling 7-week strike?

Is this the deal to end Boeing’s crippling 7-week strike?

Is this the deal to end Boeing’s crippling 7-week strike?
Business|Economy|US

US manufacturing drops to 15-month low in October

U.S. manufacturing activity slumped to a 15-month low in October and factories faced higher prices for inputs.

US manufacturing drops to 15-month low in October
Business|Economy|Finance

Canadian manufacturing PMI rises to 20-month high in October

Canadian manufacturing activity increased at a faster pace in October as production and employment picked up in anticipation of rising orders, data showed on Friday

Canadian manufacturing PMI rises to 20-month high in October
Africa|Business|Economy

South African factory sector expands for second month, Absa PMI shows

South African manufacturing activity grew in October for the second month in a row, a local purchasing managers' index (PMI) survey showed, the first time since early 2023

South African factory sector expands for second month, Absa PMI shows
Business|Europe|Finance|Technology

UK finance firms told to beef up buffers against CrowdStrike-like events

Financial companies in Britain must prepare to ensure they can deliver business services in "severe but plausible" scenarios, such as a global tech outage, to minimise any impact on

UK finance firms told to beef up buffers against CrowdStrike-like events
Business|Finance|Technology|US

Ford's head of integrated services leaves automaker to join Peloton

The head of Ford Motor's integrated services, who was tasked with leading one of the automaker's most important teams, is departing after about one year, the company said on

Ford's head of integrated services leaves automaker to join Peloton
Business|Economy|Technology|US

Ford to halt production of F-150 Lightning EV pickup trucks for six weeks

Ford Motor will halt production of its F-150 Lightning electric vehicle pickup trucks for six weeks from Nov. 18 to Jan. 6, the Dearborn automaker said on Thursday.

Ford to halt production of F-150 Lightning EV pickup trucks for six weeks
Business|Europe|Finance|Health

EU Commission fines Teva $500 million for trying to stop rival's multiple sclerosis drug

The European Commission has fined Israeli generic drugmaker Teva more than 460 million euros ($500 million) for improperly seeking to protect the patent for its multiple sclerosis drug and for disparaging a rival company’s development of a competing medicine

EU Commission fines Teva $500 million for trying to stop rival's multiple sclerosis drug
Economy|Europe

German retail sales unexpectedly rise in September

German retail sales unexpectedly rose in September, extending an upward trend started in June, although growing at a slower pace.

German retail sales unexpectedly rise in September
Asia|Economy|Finance

China Oct PMI expansions point to impact of fiscal support

China's manufacturing activity expanded for the first time in six months and services picked up in October, indicating that Beijing's latest stimulus measures are

China Oct PMI expansions point to impact of fiscal support
Business|Finance|Health|US

Jury asked to award more than $6 billion in preterm formula case against Abbott, Reckitt's Mead

A lawyer for a Missouri mother on Wednesday asked a jury to make Abbott and Reckitt's Mead Johnson pay a total of more than $6 billion in the latest trial over claims

Jury asked to award more than $6 billion in preterm formula case against Abbott, Reckitt's Mead
Business|Europe|Finance

Airbus picks successor for jetmaking arm, CEO stays on

Europe's Airbus kickstarted a surprise leadership transition in its biggest business on Wednesday, with the chief of German engine-maker MTU Aero Engines tapped to

Airbus picks successor for jetmaking arm, CEO stays on
Business|Finance|Stock Markets

Chewy slides after filing shows third-biggest shareholder, 'Roaring Kitty,' sold his stake

Shares of Chewy slid close to 2% in overnight trading after a regulatory filing revealed that the meme stock trader known as Roaring Kitty had sold his stake in the online pet store

Chewy slides after filing shows third-biggest shareholder, 'Roaring Kitty,' sold his stake
Economy|Finance|Stock Markets

OPEC+ could delay December oil output hike, sources say

OPEC+ could delay December's planned increase to oil production by a month or more, four sources close to the matter

OPEC+ could delay December oil output hike, sources say
Business|Finance|Stock Markets|US

Ford investors impatient for the automaker to boost efficiency efforts

Ford Motor stock has tumbled about 8% so far this week after the company faltered on CEO Jim Farley's mission to improve efficiency in its traditional gasoline-engine

Ford investors impatient for the automaker to boost efficiency efforts
Asia|Business|Economy|Finance|Technology

TikTok’s founder is now China’s richest person. But the country’s total number of billionaires has shrunk

TikTok’s founder is now China’s richest person. But the country’s total number of billionaires has shrunk

TikTok’s founder is now China’s richest person. But the country’s total number of billionaires has shrunk
Business|Finance|Stock Markets|US

US broker Schwab to roll out broader overnight trading platform

Charles Schwab Corp plans to expand the availability of 24-hour trading to include all stocks in major U.S. indexes as well as hundreds of ETFs beginning in about two

US broker Schwab to roll out broader overnight trading platform
Asia|Business|Finance|Stock Markets

Korea Zinc shares dive on plan to issue $1.8 billion of new stock after buyback

Shares in Korea Zinc fell as much as 29.9% to their daily lower limit on Wednesday after the world's top zinc refiner said it planned to issue new stock

Korea Zinc shares dive on plan to issue $1.8 billion of new stock after buyback
Business|Food

Starbucks abandons the olive oil coffee that was the brainchild of its former CEO

Starbucks abandons the olive oil coffee that was the brainchild of its former CEO

Starbucks abandons the olive oil coffee that was the brainchild of its former CEO
Uncategorized

Special Report-Inside Intel, CEO Pat Gelsinger fumbled the revival of an American icon

By Max A.

Special Report-Inside Intel, CEO Pat Gelsinger fumbled the revival of an American icon
Business|Economy|Election|US

American consumers feeling much more confident as Election Day nears

American consumers are feeling quite a bit more confident this month as Election Day approaches, a business research group says

American consumers feeling much more confident as Election Day nears
Business|Economy

Fed's rate cut revives small business optimism and plans to borrow

This past summer, leads for Brian Brown's landscaping business near Lake Tahoe were drying up.   

Fed's rate cut revives small business optimism and plans to borrow
Business|Economy|Europe

Workers launch strikes as Germany frets over industrial future

Thousands of German workers launched nationwide strikes to press for higher wages on Tuesday, compounding problems for companies worried about

Workers launch strikes as Germany frets over industrial future
Business|Europe|Sports|Stock Markets

Top Adidas shareholder cuts stake to 3.51%

Top Adidas shareholder Groupe Bruxelles Lambert has cut its stake in the German sportswear company to 3.51%, Adidas announced in filings on Tuesday.

Top Adidas shareholder cuts stake to 3.51%
Business|Finance|Stock Markets

HSBC coy on cost savings of revamp as quarterly profit tops expectations

HSBC Holdings beat third quarter profit expectations on Tuesday thanks to rising wealth and wholesale banking revenue, but kept investors

HSBC coy on cost savings of revamp as quarterly profit tops expectations
Uncategorized

Startup Untether launches AI chips

By Max A.

Startup Untether launches AI chips
Business|Economy|Europe|Finance

STOXX 600 rises ahead of key data and US tech earnings, energy shares cap gains

Europe's main stock index closed higher on Monday as gains across most sectors outweighed the weakness in energy stocks on a slide in oil prices, with

STOXX 600 rises ahead of key data and US tech earnings, energy shares cap gains
Business|Economy|US

Washington Post reports Elon Musk briefly worked illegally in US in 1990s

South African-born billionaire businessman Elon Musk worked illegally in the United States during a brief period in the 1990s while building a startup company, the Washington

Washington Post reports Elon Musk briefly worked illegally in US in 1990s
Business|Economy|Finance

China Evergrande's EV unit to cease discussions for stake sale

China Evergrande New Energy Vehicle said on Friday that its potential sellers have decided to cease talks for a stake sale in the company, which is the electric vehicle unit of the debt-

China Evergrande's EV unit to cease discussions for stake sale
Business|Economy|Finance|US

US core capital goods orders solid; business equipment spending a touch cooler

New orders for key U.S.-manufactured capital goods increased more than expected in September, though business spending on equipment probably slowed marginally

US core capital goods orders solid; business equipment spending a touch cooler
Economy|Europe|Finance

Germany's FDP to host its own economic summit on same day as Scholz

German Finance Minister Christian Lindner's Free Democrats (FDP) are organising their own economic summit next Tuesday, the same day Chancellor Olaf Scholz has invited business

Germany's FDP to host its own economic summit on same day as Scholz
Business|Economy|US

In a suburban Miami shopping center, Kmart's last 'Blue Light Specials' flicker

The last Kmart on the U.S. mainland sits alone at the west end of a suburban Miami shopping center, quiet and largely ignored

In a suburban Miami shopping center, Kmart's last 'Blue Light Specials' flicker
Business|Economy|Finance

Keurig Dr Pepper will buy energy drink maker Ghost for more than $1 billion

Keurig Dr Pepper will buy energy drink maker Ghost for more than $1 billion

Keurig Dr Pepper will buy energy drink maker Ghost for more than $1 billion
Business|Economy|Europe

EU leaders to set deadlines on bloc's competitiveness push

European Union leaders will set multiple deadlines for a deeper single market, more capital for investments and a unified energy market, according to draft

EU leaders to set deadlines on bloc's competitiveness push
Business|Economy|Finance|Political|World

IMF chief warns that world risks falling into slow-growth rut and urges China to enact reforms

The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday

IMF chief warns that world risks falling into slow-growth rut and urges China to enact reforms
Economy|US

Proof that immigrants fuel the US economy is found in the billions they send back home

A new study finds that immigrants contribute about $2.2 trillion annually to the US economy, and that might be an undercount.

Proof that immigrants fuel the US economy is found in the billions they send back home
Business|Economy|Europe|Finance|Technology

Intel scores fresh win against EU after top court backs annulment of billion-euro antitrust fine

Chipmaker Intel has won a fresh victory in a long-running battle against European Union competition watchdogs after the bloc’s top court confirmed a lower tribunal’s decision to overturn a billion-euro antitrust penalty

Intel scores fresh win against EU after top court backs annulment of billion-euro antitrust fine
Business|Economy|Europe

Euro zone business activity stuck in a rut, survey shows

Euro zone business activity stalled again this month, remaining in contractionary territory as demand from both home and abroad fell despite firms barely increasing

Euro zone business activity stuck in a rut, survey shows
Business|Europe|Finance|Technology

French court approves Atos rescue plan

French technology group Atos has received approval from the Nanterre Commercial Court for its proposed accelerated restructuring plan, the company said on Thursday.

French court approves Atos rescue plan
Business|Europe|Finance|Stock Markets

LSEG's third-quarter income tops forecasts, shares hit record

London Stock Exchange Group said on Thursday that its income rose a better-than-expected 9.5% in the third quarter after strong growth in its capital markets

LSEG's third-quarter income tops forecasts, shares hit record
Australia|Business|Technology

Australia's WiseTech says CEO stepping down after media furore about his personal life

Australia's WiseTech Global said on Thursday that Chief Executive Richard White will step down, an announcement that follows media reports of allegations about his personal

Australia's WiseTech says CEO stepping down after media furore about his personal life
Asia|Business|Technology

Nvidia to supply chips to Reliance, other Indian companies in AI push

Nvidia will supply artificial intelligence processors to Indian companies such as Mukesh Ambani's Reliance Industries, the chip giant said

Nvidia to supply chips to Reliance, other Indian companies in AI push
Asia|Business|Economy|Finance

India's business activity grows at faster clip in Oct, PMI shows

Growth in India's business activity picked up slightly in October after softening last month, led by stronger demand in the manufacturing sector, according to a

India's business activity grows at faster clip in Oct, PMI shows
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Wall Street finishes mixed after Tesla soars and IBM slumps

Wall Street drifted to a mixed finish after Tesla surged and IBM slumped following their latest profit reports

Stock market today: Wall Street finishes mixed after Tesla soars and IBM slumps
Business|Finance|Technology

Platinum Equity's Ingram Micro to raise about $409 million in US IPO

Ingram Micro priced its U.S. initial public offering at $22 per share, within its targeted range of $20 and $23 on Wednesday, to raise $409.2 million, the technology distributor said.

Platinum Equity's Ingram Micro to raise about $409 million in US IPO
Business|Finance|Technology

Nvidia supplier SK Hynix sees no AI chip oversupply as profit soars to record

South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier booked strong sales of its advanced chips, and

Nvidia supplier SK Hynix sees no AI chip oversupply as profit soars to record
Business|Economy|US

US lawmakers pressure automaker Stellantis on investment commitments

Nearly 80 members of Congress, including the Senate's top two Democrats, on Wednesday urged automaker Stellantis to honor investment commitments

US lawmakers pressure automaker Stellantis on investment commitments
Business|Technology

Startup Hugging Face aims to cut AI costs with open source offering

Hugging Face on Wednesday said it is releasing a new open-source software offering with Amazon.com, Alphabet's Google and others aimed at lowering the costs for building

Startup Hugging Face aims to cut AI costs with open source offering
Celebrity|Entertainment

How Eva Longoria quietly saved ‘John Wick’

How Eva Longoria quietly saved ‘John Wick’

How Eva Longoria quietly saved ‘John Wick’
Business|Economy|Finance|US

Starbucks reveals what an enormous mess its new CEO has to clean up

Starbucks reveals what an enormous mess its new CEO has to clean up

Starbucks reveals what an enormous mess its new CEO has to clean up
Business|Economy|Finance|Technology|US

Boeing expects to burn cash next year as CEO says there's no quick fix for ailing planemaker

Boeing CEO Kelly Ortberg laid out a cautious path to turn the company around on Wednesday, calling for a "fundamental culture change" at the

Boeing expects to burn cash next year as CEO says there's no quick fix for ailing planemaker
Business|Technology

Tesla to sell home batteries in Japan through Yamada chain, Nikkei reports

Tesla will start selling its Powerwall home battery system in Japan through electronics store chain Yamada Denki, the Nikkei business daily reported on Wednesday.

Tesla to sell home batteries in Japan through Yamada chain, Nikkei reports
Business|Europe|Science|Technology|US

EU lags US and China in AI investments, Nvidia CEO says

The European Union lags far behind the United States and China in investing in artificial intelligence, the CEO of AI chipmaker Nvidia said on Wednesday.

EU lags US and China in AI investments, Nvidia CEO says
Business|Economy|Finance

Russian industry warns central bank's high rates hurt crucial new investment

A growing chorus of Russian industrial companies and lobby groups are complaining of prohibitively high interest

Russian industry warns central bank's high rates hurt crucial new investment
Business|Technology

Apple CEO Tim Cook meets China's IT minister during Beijing visit, ministry says

Apple CEO Tim Cook met on Wednesday with China's Minister for Industry and Information Technology Jin Zhuanglong during a visit to Beijing this week, the

Apple CEO Tim Cook meets China's IT minister during Beijing visit, ministry says
Business|Technology

Boeing factory workers vote to reject contract and continue 6-week strike

Boeing factory workers have voted 64% against the company’s latest contract offer and to continue a six-week strike that has halted production of the aerospace giant’s bestselling jetliners

Boeing factory workers vote to reject contract and continue 6-week strike
Environment|Science|Technology|US

Three Mile Island nuclear plant gears up for Big Tech reboot

Giant cooling towers at Constellation Energy's Three Mile Island nuclear plant in Pennsylvania have sat dormant for so long that grass has

Three Mile Island nuclear plant gears up for Big Tech reboot
Business|Economy|Europe

Germany's Scholz pledges to boost investment, attract more skilled workers

German Chancellor Olaf Scholz promised on Tuesday to boost investment, attract skilled workers and cut red tape to revive growth in Europe's biggest economy, which is on track to

Germany's Scholz pledges to boost investment, attract more skilled workers
Australia|Business

Australian lawsuit involving billionaire WiseTech CEO is settled

A legal battle between the Australian CEO of logistics software maker WiseTech and a woman reported by local media to be his former lover has been settled, a court filing showed,

Australian lawsuit involving billionaire WiseTech CEO is settled
Americas|Business|Economy|Finance

Colombian conglomerates Argos, SURA begin to study possible ownership split

Shareholders of Grupo Argos and Grupo SURA, two of Colombia's largest conglomerates, on Monday gave their boards the green light to begin studying alternative

Colombian conglomerates Argos, SURA begin to study possible ownership split
Business|Food|US

McDonald’s didn’t give Trump permission to serve fries. It didn’t need to

McDonald’s didn’t give Trump permission to serve fries. It didn’t need to

McDonald’s didn’t give Trump permission to serve fries. It didn’t need to
Business|Economy|Technology

Slack researcher discusses the fear, loathing and excitement surrounding AI in the workplace

Artificial intelligence’s recent rise to the forefront of business has left most office workers wondering how often they should be using the technology and worried about whether a computer will eventually replace them

Slack researcher discusses the fear, loathing and excitement surrounding AI in the workplace
Business|Finance

Dolce & Gabbana CEO could look at IPO in future, priority now is a stronger business

Dolce & Gabbana is not ready for an initial public offering but is prepared to consider it in the future, the Italian luxury group's chief executive said on Monday.

Dolce & Gabbana CEO could look at IPO in future, priority now is a stronger business
Business|Entertainment|US

Major shakeup at Disney: Board chair is out. New CEO is coming soon

Major shakeup at Disney: Board chair is out. New CEO is coming soon

Major shakeup at Disney: Board chair is out. New CEO is coming soon
Business|Economy|Lifestyle

BuyBuy Baby is closing all of its stores – again

BuyBuy Baby is closing all of its stores – again

BuyBuy Baby is closing all of its stores – again
Business|Technology

Microsoft to let clients build AI agents for routine tasks from November

Microsoft will allow its customers to build autonomous artificial intelligence agents from next month, in its latest push to tap the booming technology amid growing investor

Microsoft to let clients build AI agents for routine tasks from November
Business|Finance

Boeing exploring asset sales to boost finances, WSJ reports

Boeing is exploring asset sales in a bid to boost its fragile finances by shedding its non-core or underperforming units, the Wall Street Journal reported on Sunday.

Boeing exploring asset sales to boost finances, WSJ reports
Business|Economy|Finance|Stock Markets

Brazil's Embraer delivers 57 non-defense aircraft in the third quarter

Brazilian planemaker Embraer delivered 57 non-defense aircraft in the third quarter, up 33% from a year earlier, it said on Friday.

Brazil's Embraer delivers 57 non-defense aircraft in the third quarter
Asia|Business|US

GOP lawmakers seek investigation of consulting firm over its work in China

A group of Republican lawmakers is demanding a federal investigation into the U.S. consulting firm McKinsey over its work with the Chinese government and state-owned enterprises

GOP lawmakers seek investigation of consulting firm over its work in China
Business|Finance|Stock Markets|US

American Express profit rises in Q3 as card members continue to spend

American Express’ third-quarter profit topped analysts’ expectations as the credit card company’s cardholders continue to spend, with many holding a balance

American Express profit rises in Q3 as card members continue to spend
Asia|Economy

Hong Kong's July-September unemployment rate holds steady at 3%

Hong Kong's seasonally adjusted unemployment rate stood at 3% in July-September, unchanged from the previous three-month period, the government said on Friday.

Hong Kong's July-September unemployment rate holds steady at 3%
Business|Economy|Finance|Stock Markets

Brazil's Assai cuts estimate for 2025 new store openings

Brazilian food retailer Assai said on Thursday it now forecasts it will open some 10 new stores next year, half the prior estimate of about 20, according to a securities filing.

Brazil's Assai cuts estimate for 2025 new store openings
Business|Technology|US

US FTC probing Deere over customers' 'right to repair' equipment

The U.S. Federal Trade Commission is probing farm equipment maker Deere over the company's repair policies, according to a filing made public on Thursday.

US FTC probing Deere over customers' 'right to repair' equipment
Asia|Business|Crime|Economy

Vietnamese real estate tycoon sentenced to life for billions in fraud in government graft crackdown

A Vietnamese real estate tycoon has been convicted of fraudulently obtaining property worth billions of dollars and sentenced to life in prison in a case that has been a centerpiece of the government’s crackdown on corruption

Vietnamese real estate tycoon sentenced to life for billions in fraud in government graft crackdown
Asia|Business|Finance|Stock Markets

Hyundai Motor India set to price shares at top of range to raise $3.3 billion, sources say

Hyundai Motor India is set to price its shares at 1,960 rupees to raise $3.3 billion in its initial public offering, according to two sources with direct

Hyundai Motor India set to price shares at top of range to raise $3.3 billion, sources say
Asia|Business|Economy|Finance|US

McKinsey cuts hundreds of jobs in China business, WSJ reports

U.S.-based consulting firm McKinsey is revamping its China business after reducing its government-linked clients and cutting about 500 jobs, which is around a third of its China workforce,

McKinsey cuts hundreds of jobs in China business, WSJ reports
Business|Economy|Finance

What Boeing’s massive financial crisis means for you

What Boeing’s massive financial crisis means for you

What Boeing’s massive financial crisis means for you
Business|US

US judge orders Boeing, DOJ to detail diversity policy before deciding on plea

A federal judge on Tuesday ordered Boeing and the U.S.

US judge orders Boeing, DOJ to detail diversity policy before deciding on plea
Americas|Business|Economy

Mexico says foreign firms have pledged $20 billion in investments, but many are old or uncertain

Mexican officials say companies have pledged $20 billion in new foreign direct investment in Mexico

Mexico says foreign firms have pledged $20 billion in investments, but many are old or uncertain
Business|Economy|Finance|Sports|US

Trump’s Scottish golf courses continue to struggle

Donald Trump’s two Scottish golf courses, into which he has pumped hundreds of millions of dollars over the past two decades, continued to burn cash in 2023, accounts published on Tuesday

Trump’s Scottish golf courses continue to struggle
Business|Economy|Finance|Stock Markets|Technology

Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars

Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars

Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars
Business|Economy|Finance|US

Walgreens to close 1,200 stores as US pharmacies struggle to define a new role

Walgreens is planning to close around 1,200 locations, as the drugstore chain and its rivals struggle to define their role for U.S. shoppers who no longer look to them first for convenience

Walgreens to close 1,200 stores as US pharmacies struggle to define a new role
Business|Technology

'A toaster on wheels': Swisher reacts to Musk unveiling 'Robovan'

CNN contributor Kara Swisher gives her take on Elon Musk's announcement of Tesla's "Robovan" and "Cybercab" vehicles.

'A toaster on wheels': Swisher reacts to Musk unveiling 'Robovan'
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Wall Street falls from its records as oil prices tumble and tech stocks drop

U.S. stocks pulled back from their records as the price of crude oil tumbled again and technology stocks faltered

Stock market today: Wall Street falls from its records as oil prices tumble and tech stocks drop
Asia|Economy

Hong Kong policy address seen pivoting from security to economic growth

Hong Kong is expected to announce measures to boost the city's economy in its annual policy address on Wednesday, including slashing liquor tariffs, as it seeks

Hong Kong policy address seen pivoting from security to economic growth
Business|Entertainment|Finance

Legendary Entertainment buys out Dalian Wanda's stake in the Hollywood studio

Legendary Entertainment on Monday said it had completed a buyout of Chinese conglomerate Dalian Wanda Group's remaining stake in the movie studio and will be wholly owned by Apollo Global.

Legendary Entertainment buys out Dalian Wanda's stake in the Hollywood studio
US

What is open and closed on Indigenous Peoples’ Day 2024

What is open and closed on Indigenous Peoples’ Day 2024

What is open and closed on Indigenous Peoples’ Day 2024
Asia|Election

Macao's former top judge is chosen as the Chinese casino hub's first leader born in mainland China

Macao’s former top judge has been chosen the Chinese casino hub’s next leader

Macao's former top judge is chosen as the Chinese casino hub's first leader born in mainland China
Fashion and Beauty|Lifestyle

New Croc clogs mean matching togs for your dogs

New Croc clogs mean matching togs for your dogs

New Croc clogs mean matching togs for your dogs
Business|Finance|Technology

Changing OpenAI's nonprofit structure would raise questions about its future

The artificial intelligence maker OpenAI may face a costly and inconvenient reckoning with its nonprofit origins even as its valuation recently exploded to $157 billion

Changing OpenAI's nonprofit structure would raise questions about its future
Business|Technology

Tesla's sporty, two-seater robotaxi design puzzles experts

Tesla's reveal of a robotaxi designed as a low-slung, two-seater, sporty coupe - quite the opposite of a typical taxi with room for several

Tesla's sporty, two-seater robotaxi design puzzles experts
Celebrity|Videos

Florida resident in tears talking about her destroyed house

Cheryl Bernatowicz joins The Lead

Florida resident in tears talking about her destroyed house
Business|Economy|Finance|US

US consumer sentiment slips in October

U.S. consumer sentiment slipped in October amid lingering frustration over high prices, a survey showed on Friday.

US consumer sentiment slips in October
Economy|Finance|US

Another key US inflation gauge fell in September

Another key US inflation gauge fell in September

Another key US inflation gauge fell in September
Business|Crime|Finance|US

US judge scrutinizes Boeing plea deal in fatal crashes

A federal judge on Friday pressed U.S.

US judge scrutinizes Boeing plea deal in fatal crashes
Business|Crime|Economy|Finance|US

Boeing's lawyers argue for settlement opposed by relatives of those killed in 737 Max crashes

Relatives of passengers who died in Boeing Max crashes have attended a Texas courtroom where their lawyers asked a judge to throw out a plea agreement they say is a sweetheart deal for Boeing

Boeing's lawyers argue for settlement opposed by relatives of those killed in 737 Max crashes
Business|Finance

Citigroup establishes banking executive team, memo shows

Citigroup has formed an executive team of senior leaders from its corporate and investment bank, according to an internal memo seen by Reuters on Thursday, as the U.S. lender aims to

Citigroup establishes banking executive team, memo shows
Asia|Business|Celebrity

Ratan Tata gets state funeral as India bids farewell to business tycoon

India bade farewell on Thursday to one of its most respected corporate leaders - Ratan Tata, who expanded companies under his brand name into a global behemoth

Ratan Tata gets state funeral as India bids farewell to business tycoon
Business|Economy|Europe|Finance

IPOs stage fall comeback in Europe

Initial public offerings (IPOs) are slowly coming back in Europe after a summer lull.

IPOs stage fall comeback in Europe
Business|Finance

Japan's Seven & i unveils restructuring plan as $47 billion Couche-Tard bid looms

Seven & i Holdings announced on Thursday a roadmap to hive off underperforming businesses and focus on its convenience store operations, as the retailer aims to fend

Japan's Seven & i unveils restructuring plan as $47 billion Couche-Tard bid looms
Business|Economy|Finance|Technology

India regulatory reform could hasten homecoming of IPO-bound startups

India's scrapping of a time-consuming compliance step will accelerate the pace at which Indian startups domiciled abroad shift back home

India regulatory reform could hasten homecoming of IPO-bound startups
Asia|Business|Economy|Finance

A third of Japan firms likely to miss H1 forecasts, Reuters poll shows

More than a third of Japanese companies are likely to miss their earnings projections for the first half of the business year that commenced in April due to slow

A third of Japan firms likely to miss H1 forecasts, Reuters poll shows
Asia|Business|Economy

Ratan Tata, Indian tycoon who took his empire global, dead at 86

Ratan Tata, Indian tycoon who took his empire global, dead at 86

Ratan Tata, Indian tycoon who took his empire global, dead at 86
Asia|Business

Ratan Tata, an Indian industry legend and business icon dies aged 86

Ratan Tata, one of India’s most influential business leaders, has been cremated after a state funeral in the country’s financial capital

Ratan Tata, an Indian industry legend and business icon dies aged 86
Asia|Business|Economy|US

Ratan Tata, who put India's Tata Group on the global map, dies at 86

Ratan Tata, the former Tata Group chairman who put a staid and sprawling Indian conglomerate on the global stage with a string of high-profile acquisitions, has died, the

Ratan Tata, who put India's Tata Group on the global map, dies at 86
Business|Stock Markets|US

US cruise stocks rise as Citi upbeat about strong growth indicators

Shares of U.S. cruise operators, including Norwegian Cruise Line Holdings, surged in midday trading on Wednesday as brokerage Citi gets bullish on the companies' long-term prospects.

US cruise stocks rise as Citi upbeat about strong growth indicators
Asia|Health

Ratan Tata, of India's Tata conglomerate, in hospital intensive care, sources say

Ratan Tata, chairman emeritus of one of India's biggest conglomerates, Tata Sons, is in critical condition in intensive care at a Mumbai hospital, two sources with

Ratan Tata, of India's Tata conglomerate, in hospital intensive care, sources say
Asia|Economy|Finance

Stock market today: Wall Street sets more records after Shanghai's worst drop since early COVID

U.S. stocks rose to records after the latest wild swerves for Chinese stocks left few ripples in markets worldwide

Stock market today: Wall Street sets more records after Shanghai's worst drop since early COVID
Business|Economy|Finance

Tax worries knock UK business confidence, survey shows

British business confidence fell in the third quarter as tax worries hit investment, according to a survey of accountants that chimes with similar concerns from

Tax worries knock UK business confidence, survey shows
Americas|Business|Finance

Mexico's Walmex expects final ruling from antitrust watchdog soon

Mexico's Walmex, the local unit of U.S.-based retail giant Walmart, expects antitrust watchdog Cofece to soon announce its final ruling stemming from a probe into

Mexico's Walmex expects final ruling from antitrust watchdog soon
Election|News|US

This Montana Senate candidate said his opponent ate 'lobbyist steak.' But he lobbied—with steak

Montana Republican Tim Sheehy denounced incumbent U.S. Sen. Jon Tester during a recent debate for “eating lobbyist steak” while Sheehy was fighting in Afghanistan

This Montana Senate candidate said his opponent ate 'lobbyist steak.' But he lobbied—with steak
Business|Finance

Northvolt subsidiary files for bankruptcy after project pulled

A subsidiary of Sweden's Northvolt filed for bankruptcy on Tuesday after the project it was developing was cancelled, court filings showed, while the rest of the cash-strapped

Northvolt subsidiary files for bankruptcy after project pulled
Americas|Business|Economy|Finance|Stock Markets

Mexico anti-trust watchdog flags tortilla-maker Gruma on corn-flour market concentration

Tortilla-maker Gruma holds the power to fix higher prices in the corn flour market, Mexico's antitrust watchdog said in a preliminary decision on Monday,

Mexico anti-trust watchdog flags tortilla-maker Gruma on corn-flour market concentration
Economy|Finance|News|Stock Markets

Global money market funds draw large inflows in the week to Oct. 2

Global money market funds attracted large inflows in the week to Oct. 2 as investor caution ahead of a key U.S. payrolls report and heightened geopolitical tensions in the Middle East

Global money market funds draw large inflows in the week to Oct. 2
Business|Economy|Europe

Business climate in German retail clouds over, Ifo says

The business climate in the German retail sector clouded over in September, according to an Ifo survey published on Monday.

Business climate in German retail clouds over, Ifo says
Business|Economy|Europe|Finance|Technology|World

UK investment summit to feature Google, Wayve and Brookfield

The new British government's first international investment summit will feature senior executives from companies including Google, Wayve and Brookfield Asset Management, the

UK investment summit to feature Google, Wayve and Brookfield
Business|Health|Lifestyle|News|US

Yoga business founder pleads guilty to tax charge in New York City

An international yoga business founder whose chain of yoga studios promoted themselves as “Yoga to the People” has pleaded guilty to a tax charge in a New York federal court

Yoga business founder pleads guilty to tax charge in New York City
Americas|Business|Economy|Finance|Health

Novo Nordisk to invest $158 million in insulin plant in Brazil

Danish drugmaker Novo Nordisk will invest 864 million reais ($158.2 million) to revamp a plant in Brazil responsible for pumping out a quarter of its insulin production globally,

Novo Nordisk to invest $158 million in insulin plant in Brazil
Business|Economy|Finance

India's Jio Financial, BlackRock get in-principle approval to set up mutual fund business

Jio Financial and U.S.-based BlackRock got in-principle approval from India's markets regulator to act as co-sponsors and set up a mutual fund business in the country, the Mukesh

India's Jio Financial, BlackRock get in-principle approval to set up mutual fund business
Environment|News|US

Supreme Court steps into a fight over plans to store nuclear waste in rural Texas and New Mexico

The Supreme Court has agreed to step into a fight over plans to store nuclear waste at sites in rural Texas and New Mexico

Supreme Court steps into a fight over plans to store nuclear waste in rural Texas and New Mexico
Africa|Business|Economy|News

Nigeria's private sector gets boost from new orders in September

Nigerian private sector activity expanded for the second straight month in September as new orders rose, especially for chemical and pharmaceutical products, results of a central

Nigeria's private sector gets boost from new orders in September
Asia|Business|Economy|Finance|News

India September services growth hits 10-month low, PMI shows

Growth in India's dominant services sector remained robust but slackened to a 10-month low in September as demand slowed, a business survey showed on Friday

India September services growth hits 10-month low, PMI shows
Business|Finance|Technology

Cisco set to invest in CoreWeave at $23 billion valuation, Bloomberg News reports (Oct. 3)

Cisco Systems is set to invest in CoreWeave, valuing the cloud services provider at $23

Cisco set to invest in CoreWeave at $23 billion valuation, Bloomberg News reports (Oct. 3)
Business|Finance|Technology

OpenAI secures $4 billion credit line after big funding round

OpenAI has secured a new $4 billion revolving credit line, the ChatGPT maker said on Thursday, a day after it closed a $6.6 billion funding round that cemented its position as one of the

OpenAI secures $4 billion credit line after big funding round
Education|Opinion

More and more, business schools want to show they’re making a positive impact on society. But how should they measure it?

Students, professors and accrediting agencies are more interested in social impact than ever.

More and more, business schools want to show they’re making a positive impact on society. But how should they measure it?
Business|Finance|Technology|US

US funds four power grid projects with $1.5 billion

Four electricity transmission projects serving the U.S. southwest, southeast and New England will get $1.5 billion in public funding to improve the grid's

US funds four power grid projects with $1.5 billion
Business|Economy|News|US

Five things to know as the massive port strike enters its third day

Five things to know as the massive port strike enters its third day

Five things to know as the massive port strike enters its third day
Business|Economy|Europe

French services sector contracts in September as Olympic boost fades, PMI shows

France's services sector contracted in September, albeit less than initially expected, reversing strong growth seen in August driven by the Paris Olympic Games, according to a survey

French services sector contracts in September as Olympic boost fades, PMI shows
Business|Economy|News

Russian services sector growth slows in September, PMI shows

Business activity in Russia's services sector grew at a slower pace in September amid a weaker rise in demand, a business survey showed on Thursday, with firms also moderating their hiring

Russian services sector growth slows in September, PMI shows
Business|Economy|Finance|US

Dollar hits six-week high before payrolls report

The dollar rose to a six-week high on Thursday as data showed a still-solid U.S. economy before Friday's closely watched jobs report, while safe haven demand on

Dollar hits six-week high before payrolls report
Business|Economy|News|US

The president could invoke a 1947 law to try to suspend the dockworkers' strike. Here's how

Some manufacturers and retailers are urging President Joe Biden to invoke a 1947 law as a way to suspend a strike by 45,000 dockworkers that has shut down 36 U.S. ports from Maine to Texas

The president could invoke a 1947 law to try to suspend the dockworkers' strike. Here's how
Business|News|Science|Technology|US

Corrosion exceeds estimates at Michigan nuclear plant US wants to restart, regulator says

Holtec, the company wanting to reopen the Palisades nuclear reactor in Michigan, found corrosion cracking in steam generators "far exceeded" estimates, the U.S

Corrosion exceeds estimates at Michigan nuclear plant US wants to restart, regulator says
Europe|Fashion and Beauty

Fashion designer Hedi Slimane leaves LVMH's Celine

Fashion designer Hedi Slimane has left LVMH's Celine brand, the company said on Wednesday, marking the latest high-profile departure from a fashion label as the

Fashion designer Hedi Slimane leaves LVMH's Celine
Business|Economy|Finance|News|Technology

Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates

Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates

Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates
Environment|Health|News|Science|World

Swine fever sweeps Italy's north, threatening production of prized prosciutto and livelihoods

One of Giovanni Airoli’s sows tested positive for African swine fever in late August

Swine fever sweeps Italy's north, threatening production of prized prosciutto and livelihoods
Business|Finance|US

Dollar gains as ADP shows better-than-expected jobs gains

The dollar hit a three-week high against the euro on Wednesday after the ADP national employment report showed U.S. private payrolls increased more than expected

Dollar gains as ADP shows better-than-expected jobs gains
Business|Economy|US

Striking Boeing union asks CEO to 'truly engage' after workers' health coverage cut

Boeing's largest union urged new CEO Kelly Ortberg on Tuesday to get more involved in contract negotiations to end a strike by around 33,000 U.S.

Striking Boeing union asks CEO to 'truly engage' after workers' health coverage cut
Business|Economy|Health|US

Novo Nordisk has mitigation plans to minimize disruption from port strikes

Danish drugmaker Novo Nordisk said on Tuesday it has mitigation plans in place to minimize or prevent any disruption to its production due to sea port strikes in the United States.

Novo Nordisk has mitigation plans to minimize disruption from port strikes
Americas|Business|Economy|Finance|World

French and US companies to invest $10 billion to extract oil off Suriname's coast

Officials say that France’s TotalEnergies and U.S. hydrocarbon company APA Corp. plan to invest $10 billion to extract oil off the coast of Suriname in a historic investment for the South American country

French and US companies to invest $10 billion to extract oil off Suriname's coast
Business|Economy|Finance|Health|Stock Markets|US

CVS Health to lay off nearly 2,900 employees in cost-cutting push

CVS Health said on Tuesday it would lay off about 2,900 employees, representing less than 1% of its workforce, as the healthcare conglomerate aims to cut costs.

CVS Health to lay off nearly 2,900 employees in cost-cutting push
Business|Finance|Stock Markets|US

Boeing considers raising at least $10 billion in share sale, Bloomberg News reports

Boeing is considering raising at least $10 billion by selling new stock, Bloomberg News reported on Tuesday, citing people familiar with the discussions.

Boeing considers raising at least $10 billion in share sale, Bloomberg News reports
Africa|Business|Economy

Absa PMI shows South African factory activity grows in September

South African manufacturing activity increased in September, recovering from the previous month's slump as demand rose and an interest rate cut boosted sentiment, the Absa-

Absa PMI shows South African factory activity grows in September
Business|Economy|Europe

German manufacturing sector contracts at fastest rate in a year, PMI shows

Germany's manufacturing sector contracted at its fastest pace in a year in September, driven by sharp declines in output, new orders, and employment, a survey showed on Tuesday.

German manufacturing sector contracts at fastest rate in a year, PMI shows