Today: November 21, 2024
Today: November 21, 2024

Business

Americas|Business|Economy|Finance|US

Canada's provincial leaders want a free trade deal with the US that excludes Mexico

The leader of Canada’s most populous province says all of the country’s provincial and territorial premiers want Prime Minister Justin Trudeau's federal government to negotiate a bilateral trade deal with the United States that excludes Mexico

Canada's provincial leaders want a free trade deal with the US that excludes Mexico
Asia|Business|Economy|Finance

Nvidia beats, but fails to provide spark

A look at the day ahead in Asian markets. 

Nvidia beats, but fails to provide spark
Business|Science|Technology|US

As US ramps up nuclear power, fuel supplier plans to enrich more uranium domestically

A supplier of fuel for nuclear power plants has announced a $60 million expansion in Tennessee, promising more manufacturing of high-tech centrifuges there to enrich uranium

As US ramps up nuclear power, fuel supplier plans to enrich more uranium domestically
Business|Lifestyle|Travel|US

American Airlines expands its crackdown on line cutters

American Airlines expands its crackdown on line cutters

American Airlines expands its crackdown on line cutters
Business|Crime|Finance|Stock Markets|US

Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraud

The founder of Archegos Capital Management, a hedge fund, has been sentenced to 18 years in prison for his conviction in a securities and market manipulation fraud that prosecutors say cost global investment banks billions of dollars

Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraud
Business|Celebrity|Entertainment|US

Donald Trump's latest branded venture is guitars that cost up to $10,000

Following up the Bibles, sneakers, watches, photo books and cryptocurrency ventures launched during his third White House campaign, President-elect Donald Trump has apparently signed onto a line of guitars

Donald Trump's latest branded venture is guitars that cost up to $10,000
Business|Finance|Stock Markets|Technology

Snowflake lifts product revenue forecast, enters AI deal with Anthropic

Data analytics provider Snowflake on Wednesday raised its annual product revenue forecast and said it has teamed up with AI firm Anthropic to build up its cloud services, sending its shares

Snowflake lifts product revenue forecast, enters AI deal with Anthropic
Business|Crime|Economy|Finance|US

US charges tycoon Gautam Adani with defrauding investors, hiding plan to bribe Indian officials

Indian businessman Gautam Adani, one of the world’s richest people, has been indicted in the U.S. on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme

US charges tycoon Gautam Adani with defrauding investors, hiding plan to bribe Indian officials
Business|Crime|Economy|Finance|US

Billionaire Gautam Adani indicted in New York on bribery charges

Billionaire Gautam Adani indicted in New York on bribery charges

Billionaire Gautam Adani indicted in New York on bribery charges
Business|Crime|Finance|US

Billionaire Gautam Adani of India's Adani Group charged in US with bribery, fraud

Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York over

Billionaire Gautam Adani of India's Adani Group charged in US with bribery, fraud
Business|Celebrity|Crime|Election|US

‘It’s pathetic’: Anderson Cooper and Jeffrey Toobin discuss Giuliani’s legal woes

Rudy Giuliani has turned over his 1980 Mercedes-Benz convertible, his luxury watch collection and a diamond ring, marking a partial end to a saga where the former mayor of New York City has tried to outrun the court system as two Georgia election workers try to collect on a $150 million debt he has owed them for a year. CNN's Anderson Cooper discusses with correspondent Kara Scannell and legal analyst Jeffrey Toobin.

‘It’s pathetic’: Anderson Cooper and Jeffrey Toobin discuss Giuliani’s legal woes
Business|Economy|Lifestyle|Technology|US

Workers at Kentucky electric vehicle battery production complex start drive to unionize

Workers hired for an electric vehicle battery production complex in Kentucky have launched a campaign to join the United Auto Workers

Workers at Kentucky electric vehicle battery production complex start drive to unionize
Business|Economy|Finance|Political|US|World

Biden administration moves to forgive $4.7 billion of loans to Ukraine

The Biden administration has moved to forgive about $4.7 billion in U.S. loans to Ukraine, State Department spokesperson Matthew Miller said

Biden administration moves to forgive $4.7 billion of loans to Ukraine
Business|Economy|Finance|US

Non-recessionary rate-cutting cycle should support credit, Pinebridge says

Asset manager PineBridge Investments said in a report that it is seeing the start of a rare non-recessionary interest rate-cutting cycle that should support

Non-recessionary rate-cutting cycle should support credit, Pinebridge says
Business|Finance|Stock Markets

Elf Beauty stock slides after Muddy Waters says it has shorted its shares

Muddy Waters has taken a short position in cosmetics company Elf Beauty, the hedge fund's chief executive Carson Block said at the Sohn conference in London on

Elf Beauty stock slides after Muddy Waters says it has shorted its shares
Business|Finance

Argentina's YPF to seek $2 billion in financing for oil pipeline in Q2 2025

Argentina's state-run oil company YPF will seek $2 billion in financing in the second quarter of 2025 to complete its Vaca Muerta Sur project, a company source said on

Argentina's YPF to seek $2 billion in financing for oil pipeline in Q2 2025
Business|Finance

News Corp says investors reject proposal to end dual class voting structure

News Corp said on Wednesday that investors rejected a proposal by activist investor Starboard Value to break the Murdoch family's grip on the publisher by

News Corp says investors reject proposal to end dual class voting structure
Business|Finance|Stock Markets|US

Goldman Sachs CEO Solomon sees robust capital markets next year, CNBC reports

Goldman Sachs CEO David Solomon expects capital markets to be more robust in 2025, he said in an interview with CNBC on Wednesday, joining a wave of positive forecasts as inflation eases

Goldman Sachs CEO Solomon sees robust capital markets next year, CNBC reports
Business|Entertainment|Europe|Fashion and Beauty|Lifestyle|Technology|US|Videos

Radical Jaguar rebrand and new logo sparks ire online

A promotional video for a rebrand of British luxury car brand Jaguar is being criticized online for showing models in brightly colored outfits — and no car

Radical Jaguar rebrand and new logo sparks ire online
Business|Economy|Finance|US

PIMCO bullish on stocks on US soft landing hopes, cautious on inflation

An optimistic outlook on the U.S. economy is prompting U.S. bond giant PIMCO to favor stocks and some other risk assets, while seeking protection against

PIMCO bullish on stocks on US soft landing hopes, cautious on inflation
Business|Crime|Finance|Technology

FTX co-founder gets no prison time after cooperating in case against Sam Bankman-Fried

An apologetic FTX co-founder has been sentenced to no time in prison after a prosecutor and a judge praised his cooperation against Sam Bankman-Fried and his efforts to recover money for victims of the cryptocurrency fraud

FTX co-founder gets no prison time after cooperating in case against Sam Bankman-Fried
Business|Economy|Finance

Russian inflation jumps 0.37% in latest week

Russian consumer prices rose 0.37% in the latest week, up from 0.3% in the previous week, data showed, driven by price growth for butter, sunflower oil, dairy products and potatoes,

Russian inflation jumps 0.37% in latest week
Asia|Business|Europe|Technology

STMicro partners with Hua Hong as chipmakers need China, says CEO

The chief executive of European computer chipmaker STMicroelectronics on Wednesday announced new plans to partner with Chinese foundry Hua

STMicro partners with Hua Hong as chipmakers need China, says CEO
Business|Europe|Sports

France's Arnault family says buying Paris FC soccer club is long-term investment

Billionaire Bernard Arnault's family aims to gradually lift second-tier Paris FC to be among the elite of French and European soccer by focusing

France's Arnault family says buying Paris FC soccer club is long-term investment
Business|Economy|Finance

UK inflation could undershoot forecasts, requiring faster rate cuts, BoE's Ramsden says

British inflation is at least as likely to undershoot the Bank of England's latest forecasts as it is to match them, potentially requiring faster rate cuts, Deputy

UK inflation could undershoot forecasts, requiring faster rate cuts, BoE's Ramsden says
Business|Finance|US

UAW says majority of workers at Ford joint-venture battery plant sign union cards

A majority of workers at a Ford Motor joint-venture battery plant in Kentucky have signed cards indicating their support for the United Auto Workers, the union said

UAW says majority of workers at Ford joint-venture battery plant sign union cards
Business|Economy

OPEC+ may stick with deep oil cuts for longer due to weak demand

OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of

OPEC+ may stick with deep oil cuts for longer due to weak demand
Business|Finance|Technology|US

Bankman-Fried's ex-deputy Wang avoids prison time over crypto fraud

Former cryptocurrency executive Gary Wang, who unwittingly wrote the computer code that helped FTX founder Sam Bankman-Fried steal about $8 billion from customers of

Bankman-Fried's ex-deputy Wang avoids prison time over crypto fraud
Business|Economy|Europe|Finance|Stock Markets|US

Ford to cut 4,000 jobs in Europe

Ford to cut 4,000 jobs in Europe

Ford to cut 4,000 jobs in Europe
Asia|Business|Economy|Finance|World

India's Q3 growth to pick up after festive boost, cenbank says in bulletin

India's economic growth is expected to pick up in the current quarter after a slowdown in July-September, the country's central bank said in its monthly bulletin on Wednesday, citing a

India's Q3 growth to pick up after festive boost, cenbank says in bulletin
Business|Health|Science

China-based biotech Laekna teams up with Lilly to develop muscle preserving obesity drug

Eli Lilly and Hong Kong-listed Laekna will collaborate to develop an experimental obesity drug that aims to help patients lose weight while preserving muscle, the biotech said on Wednesday

China-based biotech Laekna teams up with Lilly to develop muscle preserving obesity drug
Business|Food

Campbell's shareholders approve the company's new, soupless name

Campbell’s is ditching the soup — at least in name

Campbell's shareholders approve the company's new, soupless name
Business|Economy|Finance|US

Delta CEO says the Trump administration will reverse government 'overreach' seen under Biden

The chief executive of Delta Air Lines says the incoming Trump administration will be a “breath of fresh air” for airlines after what he called government “overreach” under President Joe Biden

Delta CEO says the Trump administration will reverse government 'overreach' seen under Biden
Business|Europe

Stellantis again pauses Italy plants as minister wants new investments

Stellantis on Wednesday announced new temporary stoppages at two of its plants in southern Italy, while the Rome government called on the automaker to commit to new investments in the

Stellantis again pauses Italy plants as minister wants new investments
Business|Economy|Health

Which health insurance plan may be right for you?

Experts say people shopping for health insurance right now should look beyond price when searching for coverage for next year

Which health insurance plan may be right for you?
Business|Finance|Stock Markets|Technology

Firstrade to offer overnight trading, joins growing list of US brokerages

Online brokerage Firstrade plans to launch overnight trading in early 2025, the latest firm looking to offer retail clients the chance to trade US stocks and exchange-

Firstrade to offer overnight trading, joins growing list of US brokerages
Business|Food

McDonald’s has temporarily stopped selling espresso drinks at some US locations

McDonald’s has temporarily stopped selling espresso drinks at some US locations

McDonald’s has temporarily stopped selling espresso drinks at some US locations
Business|Europe|Technology|US|World

Accident or sabotage? American and European officials disagree as key undersea cables are cut

Accident or sabotage? American and European officials disagree as key undersea cables are cut

Accident or sabotage? American and European officials disagree as key undersea cables are cut
Business|Finance|Technology

KPMG to spend $100 million on AI partnership with Google Cloud

- KPMG said on Wednesday it would spend $100 million over the next four years to bolster its enterprise artificial intelligence services through a partnership

KPMG to spend $100 million on AI partnership with Google Cloud
Business|Economy|Europe|Technology|US

Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe

Ford is cutting its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker-than-expected sales of electric cars

Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe
Business|Economy|Finance|Lifestyle|US

Uncertainty clouds holiday shopping season after mixed forecasts from Walmart, Target

Retailers are in for a mixed holiday season this year ahead of Black Friday and Christmas, marked by watchful consumers keeping big spending on a

Uncertainty clouds holiday shopping season after mixed forecasts from Walmart, Target
Business|Economy|Finance|US

3 urgent tasks awaiting Trump’s pick for Treasury secretary

3 urgent tasks awaiting Trump’s pick for Treasury secretary

3 urgent tasks awaiting Trump’s pick for Treasury secretary
Business|Economy|Environment|US

Companies are still committing to net-zero emissions, even if it’s a bumpy road – here’s what the data show

Microsoft, Walmart and a few other high-profile companies made news for scaling back their public climate commitments. However, a closer look at the numbers shows commitments are still booming.

Companies are still committing to net-zero emissions, even if it’s a bumpy road – here’s what the data show
Business|Economy|Finance

Legal complications await if OpenAI tries to shake off control by the nonprofit that owns the rapidly growing tech company

When for-profit companies are spun out of nonprofits, there is no easy way out of the legal consequences.

Legal complications await if OpenAI tries to shake off control by the nonprofit that owns the rapidly growing tech company
Business|Europe|Finance|Stock Markets

Ford to cut European jobs as EV shift, Chinese rivals take toll

Ford said it would cut around 14% of its European workforce on Wednesday, blaming losses in recent years due to weak electric vehicle demand

Ford to cut European jobs as EV shift, Chinese rivals take toll
Arts|Business

Stained-glass Tiffany window sells for record $12.48 million at auction

Stained-glass Tiffany window sells for record $12.48 million at auction

Stained-glass Tiffany window sells for record $12.48 million at auction
Business|Economy|Finance

Sheetz is slashing gas prices by 40 cents a gallon

Sheetz is slashing gas prices by 40 cents a gallon

Sheetz is slashing gas prices by 40 cents a gallon
Business|Entertainment

Comcast to spin off cable networks that were once the entertainment giant's star performers

Comcast is spinning off into a new company many of its cable television networks that were once at the heart of the entertainment giant, as consumers increasingly swap out their cable TV subscriptions for streaming platforms

Comcast to spin off cable networks that were once the entertainment giant's star performers
Business|Entertainment|Technology|US

Comcast to spin off some cable TV networks as streaming dominates

Comcast said on Wednesday that it plans to spin-off the bulk of its fading NBCUniversal cable TV networks, including MSNBC and CNBC, as the company said it is

Comcast to spin off some cable TV networks as streaming dominates
Business|Europe

Google faces call from DuckDuckGo for new EU probes into tech rule compliance

Alphabet's Google faced a call on Wednesday for additional investigations into its compliance with landmark European Union rules aimed at reining in Big Tech.

Google faces call from DuckDuckGo for new EU probes into tech rule compliance
Business|Economy|Finance|US

Brokerages see 'uncertain' 2025 on worries over potential Trump tariffs

Uncertainties around U.S. policies may slow global economic growth modestly in 2025, according to major brokerages. They expect U.S.

Brokerages see 'uncertain' 2025 on worries over potential Trump tariffs
Asia|Business|Finance|Stock Markets

Top 20 global family-owned retail businesses

Japan's Seven & i Holdings received a buyout proposal from a member of its founding Ito family last week, a potential $58 billion white-knight bid which

Top 20 global family-owned retail businesses
Business|Economy|Finance

Chile's central bank: Tighter external financing could impact households, businesses

Tighter external financing conditions could impact Chile's households, businesses and mortgages, increasing default risks they might face, the central bank said on Wednesday.

Chile's central bank: Tighter external financing could impact households, businesses
Business|Economy|Environment|Science|Technology

Oil majors are betting big on biofuels with over 40 projects by 2030, Rystad says

Major oil and gas companies have ramped up investments in the biofuels sector, betting on sustainable aviation fuel (SAF), with 43 projects expected to be up and running by 2030,

Oil majors are betting big on biofuels with over 40 projects by 2030, Rystad says
Business|Finance|US

TJX raises annual profit forecast as off-price stores attract bargain hunters

TJX Cos raised its annual profit forecast on Wednesday, benefiting from lower costs and strong demand from cash-strapped customers flocking to its off-price stores for

TJX raises annual profit forecast as off-price stores attract bargain hunters
Business|Finance|Technology|US

China's Pony AI seeks up to $4.55 billion valuation in upsized US IPO

Pony AI is targeting a valuation of up to $4.55 billion in its upsized U.S. initial public offering, it said on Wednesday, indicating strong demand for the Chinese

China's Pony AI seeks up to $4.55 billion valuation in upsized US IPO
Africa|Business|Economy|Finance|Stock Markets

Kenya in talks for fresh $750 million from World Bank, $200 million from AfDB, says official

Kenya has secured a $200 million loan from the African Development Bank and is in talks with the World Bank for a new $750 million loan, the finance ministry's head

Kenya in talks for fresh $750 million from World Bank, $200 million from AfDB, says official
Business|Finance

Why Target is losing to Walmart

Target forecast flat sales for the holiday shopping season. Telsey Advisory Group’s Joseph Feldman tells CNN’s Vanessa Yurkevich why the big box retailer appears to be losing market share to Walmart and whether it can turn things around.

Why Target is losing to Walmart
Business|Economy|Technology|US

Target sounds the alarm bell on holiday shopping

Target sounds the alarm bell on holiday shopping

Target sounds the alarm bell on holiday shopping
Business|Technology|US

Remote work crackdown: How Trump’s DOGE could push federal workers to quit

Remote work crackdown: How Trump’s DOGE could push federal workers to quit

Remote work crackdown: How Trump’s DOGE could push federal workers to quit
Business|Finance|Stock Markets|Technology

TSX stops short of record high as investors await fresh catalyst

Canada's main stock index inched higher on Wednesday as gains for energy shares offset investor reluctance to make big bets ahead of the release after the close of an

TSX stops short of record high as investors await fresh catalyst
Business|Economy|Finance

India's FY25 capital spending seen 5% below target, top ministry official says

India might undershoot its capex target of 11.1 trillion rupees ($131.72 billion) for fiscal year 2024-25 by around 5%, a top finance ministry official said on Wednesday.

India's FY25 capital spending seen 5% below target, top ministry official says
Africa|Business|Economy|Technology

‘We don’t want to leave anyone behind,’ says Google’s Alex Okosi on the company’s drive to cut data costs in Africa

‘We don’t want to leave anyone behind,’ says Google’s Alex Okosi on the company’s drive to cut data costs in Africa

‘We don’t want to leave anyone behind,’ says Google’s Alex Okosi on the company’s drive to cut data costs in Africa
Business|Economy|Lifestyle

So long, Fifth Avenue. The world’s most expensive shopping street is now in Milan

So long, Fifth Avenue. The world’s most expensive shopping street is now in Milan

So long, Fifth Avenue. The world’s most expensive shopping street is now in Milan
Business|Economy|Europe|Finance

Swiss industry gloomy over prospects as sales and exports slip

Swiss industry is struggling with falling orders and sales as weaker European demand and a strong franc hit exporters, with two surveys showing companies gloomy about

Swiss industry gloomy over prospects as sales and exports slip
Business|Economy|Finance|Stock Markets|US

Delta Air eyes mid single-digit revenue growth in 2025 with premium travel in focus

Delta Air Lines said on Wednesday it expects 2025 revenue to grow by a mid single-digit percentage as it strengthens its bet on premium travel, a major revenue driver for the carrier.

Delta Air eyes mid single-digit revenue growth in 2025 with premium travel in focus
Business|Economy|Finance

A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter

Target has reported sluggish sales and slumping profits in the fiscal third quarter as inflation-weary customers curtailed their spending on apparel and other non-essential items

A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter
Business|Finance|Stock Markets|US

Target shares slide 21% as retailer expects stagnant holiday quarter sales

Target forecast holiday-quarter comparable sales and profit below estimates on Wednesday as value-conscious consumers shopped for low-priced essentials at rival retailers

Target shares slide 21% as retailer expects stagnant holiday quarter sales
Asia|Business|Finance|Technology

Apple makes $100 million investment proposal for new plant in Indonesia

Tech giant Apple has made a $100 million investment proposal to Indonesia to build a plant to manufacture accessories and components, the industry ministry said on Wednesday.

Apple makes $100 million investment proposal for new plant in Indonesia
Business|Economy|Technology

How much of Musk’s wealth comes from tax dollars and government help?

How much of Musk’s wealth comes from tax dollars and government help?

How much of Musk’s wealth comes from tax dollars and government help?
Business|Health|US

Pfizer names oncology head Chris Boshoff as R&D chief

Pfizer said on Wednesday it has named company veteran and oncology head Chris Boshoff as its chief of research and development, as the drugmaker faces

Pfizer names oncology head Chris Boshoff as R&D chief
Business|Stock Markets|Technology|US

Wall Street ends mixed, Nvidia shares slip after the bell

The tech-heavy Nasdaq closed lower on Wednesday, taking a break from the prior session's rally as investors worried about escalating Russia-Ukraine tensions and weak

Wall Street ends mixed, Nvidia shares slip after the bell
Business|Finance|Stock Markets|Technology|US

Nvidia vigil sees risk overcome safety

A look at the day ahead in U.S. and global markets from Mike Dolan Tuesday's geopolitical angst faded fast in world markets as positioning ahead of today's results from AI-giant Nvidia saw Big Tech

Nvidia vigil sees risk overcome safety
Business|Technology|Travel|US

Uber launches new rides to capitalize on Thanksgiving travel demand

Uber Technologies launched "XXL" rides with extra trunk space on Wednesday, betting on increased demand stemming from Thanksgiving holiday travelers, as the ride-hailing company seeks to

Uber launches new rides to capitalize on Thanksgiving travel demand

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