Fed cuts rates again, but Powell raises doubts about easing at next meeting

Wed, 29 Oct 2025 19:28:28 CDT

The Federal Reserve on Wednesday released its interest decision following a two-day meeting.

G.M. Will Cut 1,750 Jobs in Electric Vehicle Business

Wed, 29 Oct 2025 19:16:31 CDT

The layoffs at factories in Michigan, Ohio and Tennessee follow the elimination of a $7,500 federal tax credit for electric cars.

Fiserv stock craters 43%, on pace for worst day ever after company slashes guidance

Wed, 29 Oct 2025 19:10:31 CDT

Fiserv said it will move its stock from the NYSE to the Nasdaq next month, where it will trade under the ticker symbol "FISV."

Obamacare Prices Become Public, Highlighting Big Increases

Wed, 29 Oct 2025 19:05:19 CDT

The government website now shows consumers how much their health insurance costs will increase next year, as Congress remains at an impasse over the plans’ subsidies.

What to know about the Fed meeting.

Wed, 29 Oct 2025 19:01:54 CDT

The U.S. central bank is widely expected to cut interest rates for the second meeting in a row even though the government shutdown is obscuring officials’ view of the economy.

Radio Free Asia will stop publishing amid funding crisis spurred by Trump

Wed, 29 Oct 2025 18:58:10 CDT

The government-funded nonprofit, a staple of U.S. soft power in the region since 1996, is facing nearly total closure after being targeted by the administration and hit by the shutdown.

Bitcoin Is The Answer to Debt Crisis: Strive CEO

Wed, 29 Oct 2025 18:56:59 CDT

Matt Cole, CEO of Strive Inc, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto" to discuss his company's transition into a digital-asset treasury company and the value of bitcoin. Digital-asset treasury companies have sprung up around the world in recent months as cryptocurrency prices rose, adopting the balance-sheet strategy pioneered by Michael Saylor’s Strategy Inc. Prior to its Bitcoin-hoarding announcement, Strive had become known for its asset- management business -- it runs a number of exchange-traded funds, including the $1 billion Strive 500 ETF (ticker STRV), which is focused on the largest US stocks. (Source: Bloomberg)

FDA to speed up approvals of generic biologic medicines as Trump targets high drug costs

Wed, 29 Oct 2025 18:56:46 CDT

It's the Trump administration's latest move to rein in high prescription drug costs in the U.S., and could be a blow to pharmaceutical companies.

There were two Fed dissenters: Miran wanted a bigger cut and Schmid voted for no easing at all

Wed, 29 Oct 2025 18:55:06 CDT

Federal Reserve Governor Stephen Miran instead called for a half-point cut, while Kansas City Fed President Jeffrey Schmid voted for no decrease.

How a lapse in SNAP benefits could affect consumers and retailers

Wed, 29 Oct 2025 18:54:25 CDT

Funding for the Supplemental Nutrition Assistance Program could lapse within days if the government shutdown persists.

CBS News staffers lose jobs in ‘bloodbath’ as part of sweeping cuts from Paramount

Wed, 29 Oct 2025 18:54:15 CDT

Paramount laying off about 1,000 staffers, including some in news, on Wednesday amid longer-term cost-cutting plan For months, CBS News staffers have been on edge waiting for a long-expected round of layoffs as part of the $2bn in cost-cutting that had been promised after parent company Paramount’s successful merger with Skydance Media. Those cuts began on Wednesday morning and are expected to affect fewer than 100 people. The company declined to provide a specific number. Continue reading...

Sanctions Lifted on a Putin-Backed Autocrat After Lobbying by Trump Allies

Wed, 29 Oct 2025 18:49:15 CDT

The move benefits the Serbian politician Milorad Dodik, who had received support from Rudolph W. Giuliani, Michael T. Flynn, Laura Loomer and high- priced lobbyists.

Fed cuts rates again as shutdown clouds view of economy

Wed, 29 Oct 2025 18:47:08 CDT

The Fed cut interest rates slightly on Wednesday to steady the economy amid a weakening job market, as a long government shutdown has clouded its view of the economy.

Crypto ETFs Using New Listing Standards: Pantera's Paglia

Wed, 29 Oct 2025 18:44:06 CDT

New ETFs focused on smaller cryptocurrencies made their Wall Street debut this week, with issuers going ahead with the listings amid the ongoing government shutdown. Katrina Paglia, chief legal officer at Pantera Capital Management, speaks to Scarlet Fu and Tim Stenovec on "Bloomberg Crypto" about the launches, Pantera's involvement with Bitwise and digital-asset treasuries. (Source: Bloomberg)

Powell Says Rate Cut in December Is Far From Foregone Conclusion

Wed, 29 Oct 2025 18:40:33 CDT

Federal Reserve Chair Jerome Powell said another rate cut in December is not guaranteed.

Fed to End Balance Sheet Runoff Dec. 1 Amid Rising Funding Costs

Wed, 29 Oct 2025 18:32:44 CDT

The Federal Reserve on Wednesday said it will stop shrinking its Treasury holdings beginning Dec. 1, ending a three-year long effort after stress signals in money markets intensified in recent days.

Fed Cuts Rates for Second Straight Meeting

Wed, 29 Oct 2025 18:30:08 CDT

The Federal Reserve has cut interest rates for the second consecutive meeting. It will also stop shrinking the central bank's portfolio of assets beginning Dec. 1. Policymakers lowered the target range for the federal funds rates by a quarter percentage point to 3.75%-4%. Bloomberg's Michael McKee reports. (Source: Bloomberg)

Powell Is Losing His Grip on the Fed, JPM’s Michele Says

Wed, 29 Oct 2025 18:26:48 CDT

Bob Michele, JPMorgan Asset Management’s global head of fixed income, reacts to the decision by the Federal Reserve’s policy-setting Federal Open Market Committee to cut rates a quarter point during an interview on “Bloomberg Surveillance: The Fed Decides.”

Germany’s First National Security Meeting to Discuss Rare Earths

Wed, 29 Oct 2025 18:26:34 CDT

German Chancellor Friedrich Merz is set to discuss the country’s dependence on China’s rare earths at the first meeting of his newly formed national security council, according to people familiar with the matter.

What Can Hollywood Learn From New Media?

Wed, 29 Oct 2025 18:25:44 CDT

A new production company wants to make as many video podcasts and newsletters as films and television shows.

Shutdown 'Beginning to Weigh' on Americans, Says Sen. Capito

Wed, 29 Oct 2025 18:25:12 CDT

Senator Shelley Moore Capito, a West Virginia Republican, tells Bloomberg's Balance of Power says the government shutdown is "beginning to weigh on the American people," as SNAP benefits set to expire at the end of October. Capito said that she would vote for Senator Josh Hawley's bill for fund that program if it came to the floor. (Source: Bloomberg)

Market Pricing In Too Many Fed Cuts: SocGen’s Rajappa

Wed, 29 Oct 2025 18:19:36 CDT

Subadra Rajappa, Societe Generale’s head of US rates strategy, says the lack of market volatility is “troubling” on “Bloomberg Surveillance: The Fed Decides.”

Eli Lilly, Walmart to offer first retail pickup option for discounted vials of weight loss drug Zepbound

Wed, 29 Oct 2025 18:19:31 CDT

Starting in mid-November, cash-paying patients can purchase Zepbound vials at discounts of 50% or more through the retailer's locations or via home delivery.

Illinois Governor Pritzker Challenges Plan to Fund Transit With Billionaire Tax

Wed, 29 Oct 2025 18:18:35 CDT

Illinois Governor JB Pritzker said a proposal to tax billionaires’ assets and enact other levies to help fund the Chicago region’s transit system won’t advance in its current form.

US Treasuries Slump After Powell Says December Fed Cut Not Set

Wed, 29 Oct 2025 18:12:55 CDT

Treasuries extended losses after Federal Reserve Chair Jerome Powell said a December interest-rate cut was not set in stone, even after delivering a widely expected quarter-point reduction to prop up the labor market.

Boeing Reports Big Quarterly Loss but Sales Improved

Wed, 29 Oct 2025 18:09:01 CDT

The aerospace company was hurt by the delay of a new plane but made progress on increasing production of the 737 Max, its most popular aircraft.

Trump, Xi to Meet, Finalize US-China Trade Truce

Wed, 29 Oct 2025 18:08:49 CDT

Bloomberg's Tyler Kendall previews the long-awaited meeting between Donald Trump and Xi Jinping in South Korea and the US and China make an attempt at a new era of US-China trade. (Source: Bloomberg)

JPMorgan's Michele Says 'Planet Underallocated to Fixed Income'

Wed, 29 Oct 2025 18:08:48 CDT

Bob Michele, JPMorgan Asset Management's global head of fixed income, says he expects a reacceleration in US economic growth next year during an interview on "Bloomberg Surveillance: The Fed Decides." (Source: Bloomberg)

Paramount begins laying off 2,000 people months after Skydance merger

Wed, 29 Oct 2025 18:07:39 CDT

David Ellison, whose Skydance bought the media conglomerate this summer for $8 billion, announces move “addressing redundancies.”

Here's what changed in the new Fed statement

Wed, 29 Oct 2025 18:06:47 CDT

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in September.

Fed cuts interest rates for second time this year amid economic uncertainty

Wed, 29 Oct 2025 18:06:30 CDT

Central bank sets rates at range between 3.75% and 4% amid turbulence from government shutdown and Trump’s tariffs The US Federal Reserve cut interest rates on Wednesday, the second rate cut this year amid economic turbulence from the federal government shutdown and Donald Trump’s tariffs. The decision to cut the Fed’s benchmark interest rate by a quarter point to a range of 3.75% to 4% comes at an extraordinary moment for the central bank. The Fed has been under immense pressure from Donald Trump to cut rates despite persistent inflation. Continue reading...

Report: Government shutdown will cost the economy up to $14 billion

Wed, 29 Oct 2025 18:05:17 CDT

The nonpartisan Congressional Budget Office says the longer the government stays closed, the more costly the pause will be.

The Fed is expected to approve another rate cut Wednesday. Here's what else to expect

Wed, 29 Oct 2025 18:05:01 CDT

The easy part for the Federal Reserve this week will be announcing a rate cut when it wraps up its meeting Wednesday.

Donald Trump Jr. Pitches ‘Patriotic Capitalism’ at Saudi Summit

Wed, 29 Oct 2025 18:04:49 CDT

His firm, 1789 Capital, has been investing in artificial intelligence and defense technology — and, he said, it has an “understanding” of President Trump’s plans.

Shutdown Has 'Hurt the Credibility' of Congress Says TN Republican

Wed, 29 Oct 2025 17:59:31 CDT

Tennessee Republican congressman Chuck Fleischmann said that the ongoing government shutdown has hurt both the American people and lawmakers' credibility throughout the country, as the stalemate over funding continues. (Source: Bloomberg)

Fiserv’s Massive Earnings Shortfall Baffles Analysts, Sends Stock Tumbling

Wed, 29 Oct 2025 17:51:31 CDT

Fiserv Inc.’s massive earnings shortfall baffled analysts even as it dealt a crushing blow to the company’s shares.

A Lot Can Go Wrong for Nvidia, Says Analyst Goldberg

Wed, 29 Oct 2025 17:51:30 CDT

Jay Goldberg, a senior analyst at Seaport Global Securities, has a sell rating on Nvidia Corp, making him the lone bear among 80 analysts that cover the chipmaker. He says even with the support of President Donald Trump and hype around the stock, a lot can go wrong for the company. He explains his stance on "Bloomberg Surveillance." (Source: Bloomberg)

Burford Shares Fall as Much as 15% in Trading in New York

Wed, 29 Oct 2025 17:50:01 CDT

Litigation funder Burford Capital Ltd. fell sharply in New York trading during a hearing on Argentina’s appeal of a $16 billion US court judgment plaintiffs it backed won against the South American nation.

Crypto ETF Launches During Shutdown, Securitize Goes Public | Bloomberg Crypto 10/29/2025

Wed, 29 Oct 2025 17:44:41 CDT

"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: Pantera Capital Chief Legal Officer Katrina Paglia, Securitize CEO Carlos Domingo and Strive CEO Matt Cole. (Source: Bloomberg)

Nvidia Becomes the First $5 Trillion Company | Open Interest 10/29/2025

Wed, 29 Oct 2025 17:37:03 CDT

Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." A major milestone.... Nvidia becomes the first public company in history to hit $5 trillion dollars. Microsoft, Alphabet and Meta kick off the Mag 7 parade with spending on AI firmly in focus for investors. And KKR's Henry McVey joined Bloomberg Open Interest on Markets, the Fed and President Trump's meeting with Xi. And Booking Holdings CEO Glenn Fogel was in the C-Suite, sharing his insights into what's driving stronger travel demand. (Source: Bloomberg)

Market Signals CoreWeave $9 Billion Bid Is ‘Dead in the Water’

Wed, 29 Oct 2025 17:29:10 CDT

CoreWeave Inc.’s $9 billion proposed tie-up with data center provider Core Scientific Inc. is increasingly in doubt ahead of a key shareholder vote Thursday, based on trading signals from the market.

Hurricane Melissa Makes Landfall in Cuba

Wed, 29 Oct 2025 17:22:53 CDT

Hurricane Melissa barrels into Cuba unleashing landslides and causing flooding in the nation's second-largest city. The storm weakened to an "extremely dangerous" Category 3 after making landfall. The island could receive as much as 25 inches of rain with storm surges reaching 12 feet above normal. (Source: Bloomberg)

CVS beats estimates, hikes guidance as insurance business improves

Wed, 29 Oct 2025 17:12:56 CDT

The third-quarter results mark David Joyner's first full year as CEO of CVS, which had struggled to drive higher profits and improve its stock performance.

Halloween Adventure, the Store Where It Is Always Spooky Season

Wed, 29 Oct 2025 17:04:14 CDT

Halloween Adventure, a fixture in Lower Manhattan, has long prided itself on being a place where customers and employees can express themselves.

Kayne Anderson, Remedy Seal $7.2B Health Care Deal

Wed, 29 Oct 2025 16:56:46 CDT

Kayne Anderson and Remedy are teaming up on a $7.2 billion deal -- acquiring a massive portfolio from Welltower that makes them the largest owner of outpatient medical buildings in the US. Kayne Anderson CEO and Real Estate Co- Founder Al Rabil joined Bloomberg Open Interest to talk about the deal. (Source: Bloomberg)

Stocks making the biggest moves midday: Caterpillar, Stride, Nvidia, Garmin, Boeing & more

Wed, 29 Oct 2025 16:56:46 CDT

These are the stocks posting the largest moves midday.

‘Cable Cowboy’ John Malone to step down from his media empire

Wed, 29 Oct 2025 16:44:16 CDT

Retirement of billionaire, 84, leaves Rupert Murdoch as last of that generation to be actively involved in media business Billionaire media mogul John Malone, the so-called “Cable Cowboy”, is stepping down as chair of his powerful empire. Malone will stand aside in January from his roles overseeing Liberty Media, owner of Formula One, and Liberty Global, the firm behind telecommunications operator Virgin Media O2, it was announced today. Continue reading...

The Fed may soon stop reducing its debt and mortgage bond holdings.

Wed, 29 Oct 2025 16:30:05 CDT

Paramount to lay off 1,000 employees, with more cuts expected

Wed, 29 Oct 2025 16:04:54 CDT

Paramount Skydance told employees on Wednesday it was beginning a round of layoffs.

Boeing stems cash burn for first time since 2023 but takes $4.9 billion charge on 777X delays

Wed, 29 Oct 2025 16:02:01 CDT

Boeing reported higher revenue than last year when production was constrained after a safety crisis and amid a labor strike.

What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More

Wed, 29 Oct 2025 16:01:20 CDT

See how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.

GM lays off more than 1,700 at sites in Michigan, Ohio, citing EV challenges

Wed, 29 Oct 2025 15:55:27 CDT

General Motors laid off more than 1,700 workers across manufacturing sites in Michigan and Ohio, the company confirmed to CNBC.

Toyota Says $10 Billion U.S. Investment Touted by Trump Isn’t New

Wed, 29 Oct 2025 14:37:22 CDT

Japanese officials have called into question some elements of the flurry of big new investments announced by President Trump during his Japan visit.

Toyota denies promising to invest $10bn in US after Trump announcement

Wed, 29 Oct 2025 14:16:21 CDT

The US president claimed he had been told the carmaker was going to be setting up factories ‘all over’ the US The Japanese auto giant Toyota Motor has denied Donald Trump’s suggestion that it is poised to invest more than $10bn in the United States over the coming years. On a visit to Japan earlier this week, the US president claimed he had been told that the carmaker was going to be setting up factories “all over” the US “to the tune of over $10bn”. Continue reading...

Boeing takes near $5bn hit due to delays in delivering first 777X jets

Wed, 29 Oct 2025 13:50:33 CDT

777X was central to long-term strategy, but certification and production delays have pushed back deliveries by years * Business live – latest updates Boeing pushed the first delivery of its long-delayed 777X jet program out to 2027 and took a nearly $5bn charge due to the delays, in another series of setbacks for the aerospace giant. The 777X was central to Boeing’s long-term widebody strategy, previously dominated by its 747 and 777 jets. But repeated certification and production delays have pushed back deliveries by years, piling up charges of more than $15bn and straining its finances, while giving an opening to rival Airbus’s competing A350 as international travel continues to rise. Continue reading...

S&P 500 Steady as Fed Cuts Rates; Nvidia Hits $5 Trillion Mark

Wed, 29 Oct 2025 13:40:31 CDT

US stocks traded steady as Wall Street assessed the Federal Reserve’s second consecutive interest-rate cut and geared up for earnings from three technology behemoths after the bell.

Character.AI to Ban Children Under 18 From Using Its Chatbots

Wed, 29 Oct 2025 13:16:54 CDT

The start-up, which creates A.I. companions, faces lawsuits from families who have accused Character.AI’s chatbots of leading teenagers to kill themselves.

Big Tech Faces Tough Questions Over the A.I. Spending Spree

Wed, 29 Oct 2025 12:47:13 CDT

Investors have rewarded tech giants for investing heavily in the technology. But bubble concerns are growing.

Stocks making the biggest moves premarket: Nvidia, Caterpillar, Generac, Caesars Entertainment & more

Wed, 29 Oct 2025 12:37:27 CDT

These are the stocks posting the largest moves in premarket trading.

When This Reporter Comes Calling, the White House Insults Go Flying

Wed, 29 Oct 2025 12:35:31 CDT

The administration often criticizes journalists, but the treatment of Shirish Dáte, a reporter for HuffPost, stands out.

JPMorgan's Elaine Agather Says Bank Has Grown With Texas

Wed, 29 Oct 2025 12:07:07 CDT

Elaine Agather, JPMorgan global vice chair and chairman of the Dallas Region, discusses the bank's evolution in Texas and recent mergers in the state that have affected the industry. (Source: Bloomberg)

Why global investment firm Nuveen is betting on this niche real estate subsector

Wed, 29 Oct 2025 11:22:58 CDT

Vacancy rates in the subsector were 7.8% at the start of 2016, but came down to 4.4% by the beginning of this year, according to data from CoStar Group.

Paramount to Lay Off 2,000 Employees

Wed, 29 Oct 2025 11:13:20 CDT

The job cuts are the result of a merger with Skydance, the Hollywood studio founded by David Ellison.

Museum Workers Feel Happier, but Burnout and Low Pay Still Loom

Wed, 29 Oct 2025 11:00:05 CDT

Employee satisfaction has improved over the last few years, according to a new survey, but the field is troubled by low pay, burnout and “new culture wars.”

Namibia Repays $750 Million Eurobond

Wed, 29 Oct 2025 10:42:32 CDT

Namibia repaid its $750 million eurobond, the largest single-day debt maturity in the southwest African nation’s history.

5 easy-money traps furloughed workers should avoid as shutdown continues

Wed, 29 Oct 2025 10:00:39 CDT

Often a quick fix — such as payday loans, BNPL or cash advances — is more expensive than other options to make up for lost income during the shutdown.

UK Boeing Supplier Doncasters Prepares IPO in New York

Wed, 29 Oct 2025 09:49:28 CDT

Doncasters Group, an almost 250-year-old UK metal engineering group that supplies Boeing, is exploring an initial public offering in New York to tap rising investor demand for civil and military aerospace suppliers, according to people familiar with the matter.

AI Spending Is What Matters Most in Alphabet, Microsoft Earnings

Wed, 29 Oct 2025 09:46:56 CDT

Artificial intelligence is so essential to the three-year bull market in US stocks that updates on spending and progress developing the technology are what investors most want to see when the world’s biggest tech companies report earnings.

‘Anti-Tourism’ Tours Show Visitors a Different Side of Vacation Hot Spots

Wed, 29 Oct 2025 09:01:29 CDT

With visitors increasingly interested in the social and political realities of global tourist hot spots, some local guides are adapting their offerings.

U.S. Manufacturing’s Mixed Picture in 4 Charts

Wed, 29 Oct 2025 09:00:58 CDT

President Trump vowed to bring factories back. Is he succeeding?

Copper Hits a Record as Supply Snarls Set the Stage for Deficits

Wed, 29 Oct 2025 06:43:37 CDT

Copper hit a record in London, with the prospect of an imminent easing in US- China tensions providing a fresh catalyst to a scorching rally built on mine- supply setbacks and tariff-driven trade dislocations.

Gold Pares Gains as Powell Dampens Bet on December Rate Cut

Tue, 28 Oct 2025 23:43:35 CDT

Gold pared gains after Federal Reserve Chair Jerome Powell downplayed the likelihood of a December interest-rate cut.

Senate approves bipartisan resolution to end tariffs on Brazil

Tue, 28 Oct 2025 23:12:33 CDT

The move reflects frustration over President Donald Trump’s trade actions among a group of GOP lawmakers, though it cannot pass the House.

Dozens of States Sue Trump Administration Over SNAP Funding During Shutdown

Tue, 28 Oct 2025 22:44:55 CDT

The states petitioned a federal court days after the Agriculture Dept. said it would not take emergency steps to provide aid during the government shutdown.

US Yields Spike as Powell Downplays December Cut: Markets Wrap

Tue, 28 Oct 2025 22:30:22 CDT

Wall Street was shaken Wednesday as evidence of division at the Federal Reserve over the future of monetary policy sent stocks down for the first time in five days and pushed bond yields higher.

Texas Sues Tylenol Makers, Claiming They Hid Autism Risks

Tue, 28 Oct 2025 22:09:01 CDT

The lawsuit follows claims by President Trump that linked acetaminophen taken by pregnant women to autism, a connection that is unproven.

Air traffic controllers receive $0 paychecks as government shutdown stretches

Tue, 28 Oct 2025 21:58:22 CDT

Nearly 11,000 air traffic controllers, deemed essential workers, did not receive wages for two weeks of work Air traffic controllers and Transportation Security Administration employees have missed their first paycheck as the federal government shutdown rolls through its fourth week. They remain required to work. Nearly 11,000 air traffic controllers, who are deemed essential workers, received a $0 paycheck on Tuesday, equating to two weeks of unpaid work. Sean Duffy, the transportation secretary, warned at a Tuesday press conference that another missed paycheck could be financially catastrophic for employees. Continue reading...

Democratic states sue to force SNAP payments during government shutdown

Tue, 28 Oct 2025 21:47:36 CDT

The Agriculture Department has $5.5 billion in backup funds for food stamp benefits but says it can’t use them.

Stocks making the biggest moves after hours: Visa, Seagate, Caesars Entertainment, Mondelez and more

Tue, 28 Oct 2025 21:15:22 CDT

These are the stocks posting the largest moves in extended trading.

Midair Fork Attack Forces International Flight to Divert to Boston

Tue, 28 Oct 2025 21:02:45 CDT

A 28-year-old man stabbed two teenagers during a flight from Chicago to Frankfurt, according to federal prosecutors.

'We're trying to shame them': Upstart activist investors target America's underperforming banks

Tue, 28 Oct 2025 20:48:36 CDT

HoldCo has emerged from relative obscurity to launch activist investor campaigns against three regional banks: Comerica, Eastern Bank and First Interstate.

What Amazon’s 14,000 job cuts say about a new era of corporate downsizing

Tue, 28 Oct 2025 20:32:00 CDT

Executives have echoed Amazon CEO Andy Jassy’s talking points, tying their job cuts to expected gains from AI and the need for more nimble operations.

Lucid targets industry-first self-driving car technology with Nvidia

Tue, 28 Oct 2025 20:16:28 CDT

Lucid plans to be the first automaker to offer highly advanced self-driving capabilities in its vehicles in the coming years, the automaker said Tuesday.

PayPal signs deal with OpenAI to become the first payments wallet in ChatGPT

Tue, 28 Oct 2025 20:03:16 CDT

The move makes PayPal an early part of OpenAI's efforts to broaden ChatGPT's use for e-commerce.

Memo From Bill Gates Warns Against Climate Alarmism

Tue, 28 Oct 2025 20:01:51 CDT

In a memo, the Microsoft co-founder warned against climate alarmism and appears to have shifted some of his views about climate change.

UPS deepens job cutting amid turnaround, says 48,000 roles eliminated this year

Tue, 28 Oct 2025 20:01:39 CDT

Shares of UPS soared Tuesday morning after the courier beat Wall Street estimates in its third-quarter earnings report.

Wayfair stock surges 20% as earnings beat, revenue jumps

Tue, 28 Oct 2025 20:01:30 CDT

Online home goods company Wayfair beat Wall Street estimates and reported a significant increase in revenue for the third quarter.

'The problems are mounting daily:' Air traffic controllers miss first paychecks in government shutdown

Tue, 28 Oct 2025 19:41:39 CDT

Air traffic controllers are under increased stress because of the government shutdown, government and union officials said.

Eli Lilly, Nvidia partner to build supercomputer, AI factory for drug discovery and development

Tue, 28 Oct 2025 19:18:22 CDT

It's the latest stride by Nvidia and the pharmaceutical industry to harness AI to try to reduce costs and shorten the time it takes to bring cures to patients.

Trump Administration Backs Plan for New Nuclear Plants

Tue, 28 Oct 2025 18:16:09 CDT

The federal government announced that it would back an effort to build several Westinghouse nuclear reactors, but offered few details.

UPS Has Already Cut 48,000 Workers This Year

Tue, 28 Oct 2025 18:10:00 CDT

About 70 percent of the layoffs affected drivers and warehouse workers, the delivery company said.

Home prices lag inflation, meaning homeowners are losing out on their investment

Tue, 28 Oct 2025 18:09:01 CDT

While home prices aren't yet falling, they're weaking — and rising at a slower pace than the current 3% rate of inflation.

Apple hits $4tn market value as new iPhone models revitalize sales

Tue, 28 Oct 2025 18:01:33 CDT

Tech company’s stock enters positive territory for first time this year after gaining about 13% since new iPhone launches Apple topped $4tn (£3tn) in market value for the first time on Tuesday, joining Microsoft and Nvidia as the third company in history to hit the milestone, thanks to strong demand for its latest iPhones. Apple’s share price has increased by more than 50% since a low point in April, thanks to the debut of its latest products. Continue reading...

Inflation, politics and data blackout collide around Fed’s rate cut decision

Tue, 28 Oct 2025 17:02:59 CDT

A month-long shutdown has obscured policymakers’ vision of the economy, forcing them to rely on patchy data as Trump continues his attacks on the central bank.

Stocks making the biggest moves midday: PayPal, Nokia, VF Corp., UPS, Wayfair & more

Tue, 28 Oct 2025 16:54:44 CDT

These are the stocks posting the largest moves midday.

MSNBC hosts criticize owner Comcast for donating to Trump ballroom

Tue, 28 Oct 2025 16:53:48 CDT

Rachel Maddow said Comcast ‘wants to pay for Trump to take … an excavator to the White House’ Rachel Maddow, the most influential host on MSNBC, called out parent company Comcast on Monday night for being among the corporations that contributed financially to the White House’s expensive East Wing ballroom construction project. Last week, the White House released a list of 37 large corporations – including Google and Apple – and individual donors that have contributed to the $300m ballroom project. But only one, Comcast, owns and operates media companies, including the left-leaning MSNBC. Continue reading...

It’s Easier Than Ever to Turn Your Dial to a Live Event

Tue, 28 Oct 2025 15:27:09 CDT

Broadcast TV continues to draw big audiences. And they are increasingly getting special events, award shows and sports — lots of sports.

American Airlines is arriving late to the luxury travel boom. Can it catch up?

Tue, 28 Oct 2025 15:22:13 CDT

American Airlines has fallen behind large rivals Delta and United in seeking out luxury customers, bringing in profit and more.

U.S. inks $80 billion deal with Westinghouse for nuclear reactors

Tue, 28 Oct 2025 15:17:14 CDT

The partnership would be funded with help from Japan and gives U.S. taxpayers an ownership stake in the plants.

Fed’s Policy Path Looks More Treacherous as Shutdown Delays Critical Data

Tue, 28 Oct 2025 15:10:41 CDT

The central bank is poised to lower interest rates again on Wednesday despite having only a partial view of how the economy is faring.

Japanese Executives Called On by Trump Pledge U.S. Investment

Tue, 28 Oct 2025 14:50:01 CDT

Toyota said it would sell some of its U.S.-made cars in Japan, one of a number of announcements by companies responding to U.S. pressure over trade imbalances.

Saudi Arabia’s New Power Play Is Exporting A.I. to the World

Tue, 28 Oct 2025 14:20:12 CDT

The kingdom is pouring money into data centers and working with U.S. and Chinese tech giants, landing its A.I. ambitions in the middle of a geopolitical tussle for tech power.

Government Shutdown Imperils SNAP and Other Antipoverty Programs

Tue, 28 Oct 2025 14:05:46 CDT

Within days, tens of millions of low-income Americans may lose assistance for food, child care and utilities if the federal government remains shut down.

The year of the bailout: Australia’s biggest aluminium smelter next in line for taxpayers’ cash

Tue, 28 Oct 2025 14:00:38 CDT

More than $3bn in public money has been given to Australia’s smelters and steelworks in an alarmingly ad-hoc way * Follow our Australia news live blog for latest updates * Get our breaking news email, free app or daily news podcast Will 2025 be remembered as the year of the bailout? More than $3bn of taxpayer money has been committed to propping up the country’s hugely power-hungry metal making and smelting industries. Continue reading...

As Trump Tariffs Canada, Carney Turns to Asia for Trade

Tue, 28 Oct 2025 13:57:41 CDT

Mark Carney is pitching Canada as a predictable and responsible alternative to the United States.

Mark Meagher, Post executive during a bitter labor strike, dies at 93

Tue, 28 Oct 2025 13:42:54 CDT

Fifty years ago this month, he helped organize The Post’s response to a pivotal strike. He was “the crucial person in every respect,” said publisher Don Graham.

Will Bill Gates’s ‘Strategic Pivot’ Shake Up Climate Policy?

Tue, 28 Oct 2025 13:32:28 CDT

The billionaire philanthropist said it was a mistake to focus so much on “near-term emissions goals,” a position that could generate serious debate.

Can a Start-Up Make Computer Chips Cheaper Than the Industry’s Giants?

Tue, 28 Oct 2025 13:19:13 CDT

Substrate, a San Francisco company, is trying to take on powerhouses like the Dutch company ASML.

Texas sues Tylenol, taking cues from Trump and RFK Jr.

Tue, 28 Oct 2025 13:17:40 CDT

Texas Attorney General Ken Paxton, a Republican seeking election to the U.S. Senate, filed suit against Tylenol’s maker and its former parent company barely a month after President Donald Trump warned pregnant women not to take the painkiller.

Stocks making the biggest moves premarket: PayPal, UnitedHealth, Wayfair, Skyworks, UPS and more

Tue, 28 Oct 2025 13:12:10 CDT

These are some of the stocks posting the largest moves in premarket trading.

Amazon confirms plans to lay off 14,000 corporate workers as part of wave of cuts

Tue, 28 Oct 2025 12:30:46 CDT

Retail giant, which is vying to reverse pandemic hiring spree, attempts to cut costs and slim down its operation Amazon has confirmed plans to lay off 14,000 corporate workers, as part of a wave of cuts expected to hit tens of thousands of jobs. The Seattle-based retail giant, which is vying to reverse a pandemic hiring spree, is attempting to cut costs and slim down its huge operation. This summer, its CEO warned white-collar employees their jobs could be taken by artificial intelligence. Continue reading...

Whatnot Raises $225 Million as Investors Bet on Livestream Shopping

Tue, 28 Oct 2025 12:11:25 CDT

The start-up is among the biggest names in a fast-growing part of e-commerce that is effectively a kind of QVC for the TikTok era.

Haitians helped boost Springfield’s economy – now they’re fleeing in fear of Trump

Tue, 28 Oct 2025 12:00:34 CDT

Ohio city’s economic fortunes spiral and local businesses suffer as Haitians leave due to administration’s anti-immigrant rhetoric and policies Every morning, Alicia Mercado makes the 50-minute drive from her home in Columbus to Springfield, where she runs the Adasa Latin Market store. She opened the business next to a Haitian restaurant in 2023, having spotted a gap in the market for Caribbean and Latin foods – the neighborhood’s Haitian population was booming at the time. But over the past year, she says her business, which includes an international money transfer kiosk, has taken a major hit. Continue reading...

BlackRock-linked tokenization firm Securitize to go public via SPAC deal

Tue, 28 Oct 2025 11:01:13 CDT

Founded in 2017, Securitize filed on Tuesday to go public through a SPAC deal that values its business at $1.25 billion.

As some DEI critics say victory is near, companies face new pushback over rollbacks

Tue, 28 Oct 2025 10:00:00 CDT

After years of whiplash over diversity policies, businesses remain caught between conflicting regulatory requirements, frustrated consumers and their employees.

Beyond Dubai’s Glitter, the UAE Coast Offers a Glimpse of Life Before Oil

Tue, 28 Oct 2025 09:01:46 CDT

The smaller, less visited parts of the United Arab Emirates offer a window into the past of a country whose riches once came largely from pearls.

Ending the shutdown won’t solve Congress’s funding crisis

Tue, 28 Oct 2025 09:00:00 CDT

Lawmakers will be up against a deadline to fund the government again even if they agree on how to reopen it.

HSBC to set aside $1.1 billion in third quarter for potential hit from Madoff case

Tue, 28 Oct 2025 03:38:46 CDT

Herald Fund SPC sued HSBC's Luxembourg unit in 2009, claiming restitution of securities and cash it said were lost in the fraud.

Stocks making the biggest moves after hours: Nucor, Waste Management, F5, NXP and more

Mon, 27 Oct 2025 21:27:40 CDT

These are the stocks posting the largest moves in extended trading.

Trump’s China Deal May Avert a Crisis of His Own Making

Mon, 27 Oct 2025 20:08:09 CDT

The Trump administration is hailing a potential deal that may return the U.S.-China relationship to where it was before the president began a trade war against Beijing.

Step by Step, How China Seized Control of Critical Minerals

Mon, 27 Oct 2025 19:36:18 CDT

China’s far-reaching rules already affect manufacturers of semiconductors, cars and many other products. They will soon become much broader.

Strains in Short-Term Markets Raise Urgency of Fed Balance Sheet Debate

Mon, 27 Oct 2025 18:50:49 CDT

Warning signs in crucial money markets have raised the prospect that the central bank will soon stop reducing its portfolio of government debt and mortgage bond holdings.

John Dickerson, Anchor and Correspondent, Will Leave CBS News

Mon, 27 Oct 2025 18:11:57 CDT

He is a veteran anchor with a long family legacy at CBS, and his exit presages a series of changes expected at the broadcast news division.

Stocks making the biggest moves midday: Qualcomm, Fermi, Dyne Therapeutics, Organon, Snowflake and more

Mon, 27 Oct 2025 18:02:25 CDT

These are some of the stocks posting the largest moves midday.

Hopes of a China Trade Deal Lift Global Markets

Mon, 27 Oct 2025 16:12:40 CDT

Investors sent major global indexes higher on optimism that President Trump and China’s top leader, Xi Jinping, could reach a wider agreement this week.

Trapped Between U.S. and China, South Korea Feels Trade War’s Pressure

Mon, 27 Oct 2025 15:53:28 CDT

A preliminary tariff deal with President Trump called for a large investment in the United States, while China has warned Seoul not to side with Washington.

Taylor Sheridan Signs Deal With NBCUniversal

Mon, 27 Oct 2025 15:27:30 CDT

Mr. Sheridan, a prolific TV producer, will leave Paramount when his contract expires, according to two people with knowledge of the decision.

Going Down the Junk Food Rabbit Hole

Mon, 27 Oct 2025 14:28:42 CDT

Alice Callahan, a reporter for the Well desk, explored the history of ultraprocessed foods and how they became a major threat to our health.

Berkshire Hathaway downgraded to sell by KBW, citing Buffett succession, 'many' other issues

Mon, 27 Oct 2025 14:03:47 CDT

KBW said the company's core businesses — from auto insurer Geico to railroad Burlington Northern Santa Fe — are likely to face simultaneous pressures ahead.

Lululemon is partnering with the NFL to release apparel for all 32 teams

Mon, 27 Oct 2025 14:02:28 CDT

Lululemon is launching a new collection around the NFL, marking the first time it will have products featuring all 32 teams.

6 New Hotels Put Umbria on the Map

Mon, 27 Oct 2025 13:27:49 CDT

The Italian region has lacked hotels worthy of its many charms, but a new crop of boutique lodgings and converted estates have opened. Here, stylish places to stay and explore.

Stocks making the biggest moves premarket: AMD, Lululemon, GameStop, Nvidia, Five Below and more

Mon, 27 Oct 2025 13:19:58 CDT

These are the stocks posting the largest moves in the premarket.

Bessent lists five finalists for Fed chair job, and Trump says decision coming before the end of the year

Mon, 27 Oct 2025 13:07:15 CDT

The Federal Open Market Committee meets this week, with an interest rate decision due Wednesday.

As Trump Tours Asia, Democracy’s Ideals Aren’t on the Agenda

Mon, 27 Oct 2025 12:21:13 CDT

Several of the leaders President Trump will encounter are either autocrats or presiding over fragile democracies. And some admire his willingness to break the rules.

Nissan pools carbon emissions with electric vehicle maker BYD to avoid EU penalties

Mon, 27 Oct 2025 11:22:57 CDT

Japanese carmaker’s deal with Chinese rival part of EU-sanctioned offsetting scheme to help head off £13bn in fines The Japanese carmaker Nissan is to team up with its Chinese electric vehicle rival BYD in an attempt to offset their carbon emissions and avoid EU penalties for 2025, it has confirmed. It is part of a wider offsetting scheme the EU has sanctioned for the car industry that could help manufacturers of combustion engine cars head off an estimated £13bn in fines. Continue reading...

Japan Deals With the Price of Playing to Trump: $550 Billion

Mon, 27 Oct 2025 05:58:34 CDT

A new prime minister must decide whether to maintain the previous administration’s deferential negotiating strategy that secured a contentious trade deal.

Don't just bet on the U.S. rally. UBS sees 'best opportunities' in Asia, bonds and gold

Mon, 27 Oct 2025 04:49:42 CDT

UBS says investors should not rely solely on U.S. equities despite the continued momentum.

Companies Have Shielded Buyers From Tariffs. But Not for Long.

Sun, 26 Oct 2025 21:15:19 CDT

Cars, toys and tea are among products set to get more expensive as tariffs weigh on corporate profits.

Chinese and U.S. Officials Reach Framework of a Trade Deal

Sun, 26 Oct 2025 19:09:46 CDT

Negotiators announced on Sunday they had preliminarily agreed on several issues ahead of an expected meeting between President Trump and Xi Jinping this week.

‘No Idea How Long People Can Hold Out’: Federal Workers Feel Brunt of Shutdown

Sun, 26 Oct 2025 16:59:27 CDT

As more than one million government employees go without pay, many are turning to side jobs and food banks to make ends meet.

The Odd History of the Rowhouse at the Center of the N.B.A. Betting Scandal

Sun, 26 Oct 2025 15:14:21 CDT

The Greenwich Village building has been home to celebrities like John Philip Sousa and Kylie Jenner — and, according to prosecutors, Mafia-controlled poker games.

Does your boss have the right to time your bathroom breaks when you work from home? | Gene Marks

Sun, 26 Oct 2025 14:00:07 CDT

For remote work arrangements to be successful, managers and employees need to meet somewhere in the middle How long does it take you to go to the bathroom? And does your boss have any right to ask? According to a recent story in the New York Post, one manager warned workers of the company’s “five-minute rule” which required work-from-home employees to “notify the team” if they stepped away from their desk for any reason, including to use the bathroom. Continue reading...

Chinese rivals to Meta's AI glasses are piling up. How Goldman is playing the trend

Sun, 26 Oct 2025 11:12:40 CDT

From display to speaker manufacturers, several Chinese components suppliers are poised to benefit from growing demand for smart glasses, Goldman Sachs says.

Girl boss or tradwife? An economist on how a workforce built for men has failed women

Sun, 26 Oct 2025 11:00:02 CDT

In her new book Having it All, Corinne Low outlines how stubborn expectations around work and home fail to accommodate working women When Corinne Low gave birth to her son in 2017, everything seemed to be lining up. A tenure-track economist at the University of Pennsylvania’s Wharton School, she was working in a career she had long dreamed of. Her husband, stepchild and baby lived in New York City and the two-hour commute to Philadelphia was inconvenient but sustainable. She was embarking on a journey to do it all: a working mom, supporting her family with a career she loved. As track repairs tripled her commute time, things suddenly felt like they were falling apart. Instead of getting home in time to put her baby son to bed, Low found herself sobbing while breast pumping in an Amtrak bathroom. Continue reading...

Trump Opens Trip With Trade Deals in Southeast Asia

Sun, 26 Oct 2025 10:11:25 CDT

The U.S. announced agreements on Sunday with Malaysia, Thailand and Cambodia, securing support for its efforts to pressure China on trade and critical minerals.

How Pinterest Is Courting Gen Z With ‘Safer’ Social Media

Sun, 26 Oct 2025 09:00:47 CDT

Bill Ready, the company’s chief executive, is shifting the virtual pinboard platform toward shopping and things that “make you feel better.”

'VOO and chill:' Why this popular investment strategy may be losing its appeal — even with stocks at all-time highs

Sat, 25 Oct 2025 16:40:51 CDT

Tidal Financial's Gavin Filmore finds many of his clients are no longer satisfied with buying popular ETFs tied to market indexes.

One in three Manhattan condo owners lost money when they sold in the last year

Sat, 25 Oct 2025 14:44:39 CDT

Manhattan is still among the most expensive markets in the country, especially on a per-square-foot basis.

Deckers Brands stock sinks 15% after soft outlook raises concerns about Hoka, Ugg growth

Fri, 24 Oct 2025 21:14:12 CDT

Deckers Brands shares fell about 15% after fiscal Q2 results with softer outlook and fears HOKA’s rapid growth is slowing amid cautious consumers and tariff pressures.

Taco Bell tries to woo younger customers with Live Más Café's flashy beverages

Fri, 24 Oct 2025 20:40:41 CDT

Taco Bell projects it will have 30 Live Más Cafés in its portfolio by the end of the year, across Southern California, Dallas and Houston.

Trump to Investigate Whether China Abided by 2020 Trade Deal

Fri, 24 Oct 2025 19:23:49 CDT

The administration announced its trade investigation on Friday, ahead of a summit between U.S. and Chinese leaders.

With two months to Christmas, here's what retail leaders expect for holiday shopping

Fri, 24 Oct 2025 18:36:13 CDT

Kohl's and Academy Sports and Outdoors are among the retailers that said they're seeing consumers trade down or pull back.

GM lays off more than 200 salaried workers in latest round of job cuts

Fri, 24 Oct 2025 16:55:29 CDT

General Motors laid off more than 200 salaried employees, as the automaker continues to reevaluate its businesses and cut costs to boost profits.

Stocks making the biggest moves midday: Ford Motor, Alphabet, Alaska Air, Coinbase, Boston Beer and more

Fri, 24 Oct 2025 16:01:51 CDT

These are the stocks posting the largest moves in midday trading.

Trump Says He’s Cutting Off Trade Negotiations With Canada

Fri, 24 Oct 2025 15:50:54 CDT

The president said he was motivated by an ad, paid for by the province of Ontario, that featured Ronald Reagan criticizing tariffs in a 1987 radio address.

Stocks making the biggest moves premarket: Intel, Ford, Deckers, P&G, Comfort Systems & more

Fri, 24 Oct 2025 15:46:53 CDT

See which stocks are posting big moves before the bell.

Procter & Gamble beats earnings estimates but reveals waning demand in some categories

Fri, 24 Oct 2025 14:59:49 CDT

Despite tariff costs and what CEO Jon Moeller called a "challenging consumer and geopolitical environment," P&G reiterated its fiscal 2026 earnings forecast.

Here's where the economy is starting to show 'K-shaped' bifurcation

Fri, 24 Oct 2025 14:29:07 CDT

Americans are increasingly diverging in their spending, with wealthier shoppers flexing their purchasing power while lower-income customers start to pull back.

Family offices fear dollar depreciation, lower investment returns in wake of tariffs

Fri, 24 Oct 2025 13:18:39 CDT

Investment firms of the ultra-wealthy have grown more bearish about their portfolios in 2025, according to a new survey.

Meta found in breach of EU law over ‘ineffective’ complaints system for flagging illegal content

Fri, 24 Oct 2025 11:12:59 CDT

European Commission initial finding says Facebook and Instagram introduced unnecessary steps for users to submit reports Instagram and Facebook have breached EU law by failing to provide users with simple ways to complain or flag illegal content, including child sexual abuse material and terrorist content, the European Commission has said. In a preliminary finding on Friday, the EU’s executive body said Meta, the $1.8tn (£1.4tn) California company that runs Instagram and Facebook, had introduced unnecessary steps in processes for users to submit reports. Continue reading...

China vows to boost domestic consumption, tech self-reliance in next five years as Fourth Plenum wraps

Fri, 24 Oct 2025 06:27:05 CDT

China's top leaders signaled their priorities for the next five years in a readout released Thursday at the end of a four-day meeting.

China strikes conciliatory tone ahead of expected Trump-Xi meeting

Fri, 24 Oct 2025 05:10:33 CDT

Chinese Commerce Minister Wang Wentao told reporters Friday that the U.S. and China can still find ways to work together, and that Beijing opposes decoupling.

U.S. to Investigate China’s Compliance With 2020 Trade Deal

Thu, 23 Oct 2025 23:33:00 CDT

The trade case is coming at a pivotal moment, before a meeting next week between President Trump and China’s leader.

Former Knicks star Carmelo Anthony says gambling puts pressure on athletes

Thu, 23 Oct 2025 21:42:46 CDT

Carmelo Anthony said that NBA stars feel the pressure from the rise of sports betting.

Stocks making the biggest moves after hours: Intel, Ford, Deckers, Newmont and more

Thu, 23 Oct 2025 21:19:31 CDT

These are the stocks posting the largest moves in extended trading.

Disney warns ESPN, other networks may go out on YouTube TV at the end of the month

Thu, 23 Oct 2025 21:14:54 CDT

Less than a month after reaching a carriage agreement with NBCUniversal, YouTube TV is at risk of losing access to Disney's networks, including ABC and ESPN.

Target cuts 1,800 corporate jobs in its first major layoffs in a decade

Thu, 23 Oct 2025 21:04:11 CDT

Target's incoming CEO Michael Fiddelke said the cuts are designed to spur growth and make the retailer faster.

Trump’s Sanctions on Russian Oil Sector Ratchet Up Economic War

Thu, 23 Oct 2025 20:25:31 CDT

After months of restraint, President Trump’s move to blacklist Lukoil and Rosneft will hit Russia where it hurts.

Illegal NBA gambling busts put sportsbooks on the defense

Thu, 23 Oct 2025 19:51:15 CDT

Legal licensed sportsbooks in the U.S. have enjoyed massive growth in recent years, but they're still trying to expand.

With stock market concentration risk at peak, 'it's cash, precious metals, and then crypto' as new normal

Thu, 23 Oct 2025 18:44:16 CDT

A handful of mega-cap tech and AI stocks dominate the U.S. market, an imbalance that has investors looking to bigger hedges.

Stocks making the biggest moves midday: Super Micro, Knight-Swift, Wyndham, Las Vegas Sands, Hexcel and more

Thu, 23 Oct 2025 17:33:51 CDT

These are some of the stocks posting the largest moves midday.

The Beyond Meat fever highlights the risk of trying to ride the meme trade wave

Thu, 23 Oct 2025 16:35:55 CDT

The violent swings underscored how quickly euphoria can turn to panic in these momentum-fueled trades.

Oil Prices Dropped 18%, Helping Drivers, but Squeezing the Industry

Wed, 22 Oct 2025 21:43:37 CDT

Oil prices have fallen sharply this year as the global supply has remained strong and demand has been slow to grow.

The U.S. Struggles to Break Out From China’s Grip on Rare Earths

Wed, 22 Oct 2025 18:46:50 CDT

The Trump administration is trying an array of unconventional measures to shore up U.S. rare earths supplies. It remains uncertain whether the strategy will work.

Does Your Electric Bill Keep Going Up? We Want to See It.

Wed, 22 Oct 2025 16:43:43 CDT

Utility rates are rising in many places across the country, and we’re continuing to report on the causes and impacts.

Albanese’s critical minerals deal isn’t good economics – but in Trump and Xi’s new world, bargaining chips matter

Tue, 21 Oct 2025 14:00:39 CDT

Though the dollar benefits may not outweigh the cost on Australia’s new mining agreement with the US, experts say it couldn’t have gone any better * Follow our Australia news live blog for latest updates * Get our breaking news email, free app or daily news podcast Anthony Albanese has struck a multibillion-dollar deal with Donald Trump to develop critical minerals projects in Australia that will never be commercially viable. When it’s laid out like that, it very much sounds as though our prime minister fell victim to the president’s “art of the deal”. But we are in a new world where the national value of our critical minerals extends beyond economics, experts say. Continue reading...

How a Long Government Shutdown Could Leave Scars on the Economy

Tue, 21 Oct 2025 09:02:23 CDT

The effect is rippling beyond missing paychecks to federal services that support much of the economy.

Trump Hopes Argentina Can Help Bring Down Beef Prices

Tue, 21 Oct 2025 01:28:12 CDT

President Trump’s plan to import red meat runs counter to his philosophy of increasing domestic production, and has angered cattle ranchers in the United States.

China’s Rare Earth Restrictions Aim to Beat U.S. at Its Own Game

Thu, 16 Oct 2025 12:35:30 CDT

Beijing’s latest effort to weaponize global supply chains is modeled on the American technology controls that it has long criticized.

Trump’s Trade War With China Catches the World in Its Crossfire

Tue, 14 Oct 2025 21:10:44 CDT

Tariffs and other restrictions between the United States and China are reverberating in unpredictable ways.

Trump Enacts Tariffs on Imported Lumber and Furniture

Tue, 14 Oct 2025 20:43:19 CDT

The president is threatening to widen his trade war against China as tariffs on timber, lumber, kitchen cabinets and other products took effect on Tuesday.

Black Unemployment Is Surging Again. This Time Is Different.

Sun, 12 Oct 2025 18:15:10 CDT

Federal layoffs and an end to diversity initiatives have weakened a historically strong labor market for Black workers.

Trump Threatens 100% Tariffs on Chinese Goods

Sat, 11 Oct 2025 14:50:11 CDT

The president made the threat after Beijing imposed new global restrictions on the use of rare earth minerals, which are vital supplies for U.S. makers of chips and batteries.

Inflation Report Will Be Released Despite Shutdown

Sat, 11 Oct 2025 05:39:02 CDT

The Bureau of Labor Statistics is calling back some employees to produce the Consumer Price Index for September. That data is needed to calculate the annual cost-of-living adjustment for Social Security beneficiaries.

Riding the Wild Wave of Crypto Coverage

Fri, 10 Oct 2025 07:00:05 CDT

David Yaffe-Bellany, a technology reporter who has covered the cryptocurrency industry since 2022, has come to embrace learning on the fly.

How an engineering student turned red Solo cups into stylish sweaters: ‘A lot of trial and error’

Tue, 16 Sep 2025 13:00:06 CDT

Lauren Choi wanted to give plastic a second life. Her experiment turned into The New Norm, a sustainable textile startup If you’ve been on a college campus in the last 30 years, you’ve likely come across red party cups. Made by brands like Solo and Hefty, the iconic cups are beloved by frats, crucial to drinking games like beer pong – and very difficult to recycle because of the type of plastic they’re made from. But Lauren Choi, an engineering student at Johns Hopkins University, saw an opportunity: she wanted to turn these problematic cups into fabric. In 2019, during her senior year, she led a team that built an extruder machine that could spin plastic waste into textile filaments. They partnered with campus fraternities to gather thousands of red cups that could serve as the raw material. Continue reading...

Starbucks’ CEO made 6,666 times more than his workers in 2024

Thu, 24 Jul 2025 14:50:22 CDT

CEO pay climbs ahead of Trump tax windfall for wealthy, says report Starbucks’ CEO, Brian Niccol, made 6,666 times more than his average worker last year, according to a report on the growing gap between top executives and their workers. The inequality gap between CEOs’ pay and that of their median workers rose in 2024 to 285 to 1 from 268 to 1 in 2023, according to a report released this week by the largest federation of labor unions in the US, the AFL-CIO. Continue reading...

Stocks Sink in Broad AI Rout Sparked by China's DeepSeek

Mon, 27 Jan 2025 14:26:00 CST

U.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.

Comex Gold, Silver Settle Lower

Mon, 27 Jan 2025 14:01:00 CST

Gold settled 1.4% lower, down two of the past three sessions, and silver fell 2.5%, down three of the past four sessions.

DeepSeek Won't Sink U.S. AI Titans

Mon, 27 Jan 2025 13:12:00 CST

Panic fueling the selloff of Nvidia, Broadcom and other tech giants is overblown.

Financial Services Roundup: Market Talk

Mon, 27 Jan 2025 12:27:00 CST

Gain insight on Experian, SoFi Technologies and more in the latest Market Talks covering Financial Services.

Arabica Coffee Prices Hit Record on U.S., Colombia Tariff Spat

Mon, 27 Jan 2025 12:20:00 CST

Arabica coffee prices hit a record level, as traders digested the withdrawal of President Trump’s threats to impose tariffs and economic sanctions on Colombia.

Swiss franc, Japanese yen Rise as DeepSeek News Boosts Safe Havens

Mon, 27 Jan 2025 09:55:00 CST

The Yen and Swiss Franc were stronger against the dollar as investors sought safe havens after Chinese start-up DeepSeek’s new AI model hit U.S. tech stocks.

Natural Gas Falls on Shifting Weather Forecasts

Mon, 27 Jan 2025 09:05:00 CST

U.S. natural gas futures fell after weekend updates took some of the chill out of early February weather forecasts.

Building-Products Distributor QXO Launches Hostile Bid for Beacon

Mon, 27 Jan 2025 08:28:00 CST

QXO is taking its offer directly to shareholders after being rebuffed on several occasions.

Natural-Gas Firm Diversified Energy Strikes Deal for Permian Basin Player

Mon, 27 Jan 2025 06:57:00 CST

Maverick Natural Resources has operations in Texas and Oklahoma.

What's New This Tax Season That Can Save You Money

Mon, 27 Jan 2025 05:30:00 CST

There are some new wrinkles, especially for those who sell things online or bought an EV.

Chinese Investors With Few Options Turn to Dividends

Mon, 27 Jan 2025 05:30:00 CST

Companies with good payouts are now the hottest bet in China markets.

U.S. Treasury Yields Fall But Direction for Long-End Yields Still Seen Upward

Mon, 27 Jan 2025 05:02:00 CST

The 10-year U.S. Treasury yield fell and ING said the the long end of the Treasury curve will continue trading at higher yields even as Trump hasn’t delivered anything to shock markets so far.

Russia's Crude Exports Fairly Stable Despite U.S. Sanctions, Goldman Says

Mon, 27 Jan 2025 04:46:00 CST

Oil edged lower in early trade as Goldman Sachs said the latest round of U.S. sanctions against Russia haven’t had a significant impact on the country’s oil exports.

The Extra Reward for Owning Stocks Over Bonds Has Disappeared

Mon, 27 Jan 2025 01:05:00 CST

There is little sign of crimped demand for equities among individual investors, who remain bullish after two years of blockbuster gains.

Heard on the Street's Stock-Picking Series

Sun, 26 Jan 2025 22:33:00 CST

Check out the stocks Heard on the Street writers favor in their eighth annual stock-picking contest.

What Will It Take for Home Buyers to Start Asking for a Disaster Discount?

Sun, 26 Jan 2025 06:00:00 CST

The real costs of owning a house in neighborhoods that are vulnerable to flooding and wildfires are becoming clearer.

Now Wanted in Silicon Valley: Ho-Hum Businesses With Thin Profit Margins

Sun, 26 Jan 2025 05:30:00 CST

Venture-capital firms are bringing AI and dealmaking to accounting, property management and other unglamorous fields.

In China, a Cat-and-Mouse Game to Rein In Crypto

Sun, 26 Jan 2025 00:01:00 CST

Recent court cases reveal how middlemen are facilitating a booming trade, eluding a crackdown.

One House, Three Owners: The Ballooning Cost of the American Dream

Sat, 25 Jan 2025 21:00:00 CST

The story of home affordability in the U.S. told from a single front porch.

Trump Adds Fuel to Claims That Big Banks Discriminate Against Conservatives

Sat, 25 Jan 2025 05:30:00 CST

The president has told Bank of America and JPMorgan Chase to stop cutting conservatives off from doing business.

Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

Fri, 24 Jan 2025 15:37:00 CST

Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.

Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service

Fri, 24 Jan 2025 15:13:00 CST

The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.

Amazon Willing to Discuss Quebec Shutdown With Canadian Officials

Fri, 24 Jan 2025 14:15:00 CST

Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to 1,700 people losing their jobs.

Target Drops DEI Goals and Ends Program to Boost Black Suppliers

Fri, 24 Jan 2025 13:51:00 CST

Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America’s retreat from DEI initiatives.

Energy & Utilities Roundup: Market Talk

Fri, 24 Jan 2025 12:29:00 CST

Find insight on Cnooc, YTL Power International, Ampol, and more in the latest Market Talks covering energy and utilities.

Basic Materials Roundup: Market Talk

Fri, 24 Jan 2025 12:28:00 CST

Find insight on CSX, Givaudan, Rio Tinto and more in the latest Market Talks covering basic materials.

Auto & Transport Roundup: Market Talk

Fri, 24 Jan 2025 12:28:00 CST

Read about CSX, Magna International, Alaska Air and more in the latest Market Talks covering the auto and transport sector.

Novo Nordisk Shares Surge on New Obesity Drug Results

Fri, 24 Jan 2025 11:52:00 CST

Novo Nordisk shares rose sharply after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.

EU Conditionally Approves International Paper's $7.16 Billion DS Smith Buy

Fri, 24 Jan 2025 10:55:00 CST

The European Commission said that the parties’ offer to sell five of International Paper’s plants in Europe fully addresses its competition concerns over the deal.

Google to Put Warnings on U.K. Businesses Using Fake Online Reviews

Fri, 24 Jan 2025 10:40:00 CST

The search giant has offered to start punishing British businesses that boost their star ratings with fake reviews and the people that post them, ending the U.K. competition watchdog’s investigation into online reviews.

Ericsson Shares Slump as Earnings Hit by Weakness Outside of Core Networks Business

Fri, 24 Jan 2025 09:07:00 CST

The company’s shares fell to the bottom of the Stoxx Europe 600 index as higher operating costs and weakness in some of its business units dented earnings.

Verizon Results Boosted by Higher Prices, Gain in Wireless Customers

Fri, 24 Jan 2025 09:05:00 CST

The New York telecommunications giant’s quarterly earnings beat Wall Street forecasts as higher prices helped to boost revenue.

If You Need to Escape a Wildfire in an EV, Here Is What to Know

Fri, 24 Jan 2025 08:00:00 CST

Driving an electric car in a wildfire emergency has its own unique challenges and benefits.

CaixaBank's CFO Sees Case for Dealmaking Among Europe's Banks

Fri, 24 Jan 2025 06:11:00 CST

Growth through acquisitions isn’t part of CaixaBank’s latest three-year plan, it should be for other banks in Europe, Caixa’s finance chief Javier Pano said in an interview.

Tesla to Recall Cars in China on Safety Concerns

Fri, 24 Jan 2025 05:56:00 CST

Tesla China plans to fix 1.2 million China-made and imported vehicles with software issues.

Korea Zinc Shares Rally After Adopting New Investor Protection Rules

Fri, 24 Jan 2025 04:56:00 CST

Korea Zinc’s shares rose sharply a day after the world’s leading zinc smelter decided to adopt new rules that management said would bolster minority shareholders’ rights.

Burberry Sees Positive Signs as Turnaround Plan Continues

Fri, 24 Jan 2025 04:31:00 CST

The company upgraded its earnings outlook as sales returned to growth in the Americas, saying efforts to revamp its brand showed positive signs over the key holiday period.

Rolls-Royce Strikes Contract to Supply Nuclear Reactors for U.K. Submarines

Fri, 24 Jan 2025 04:27:00 CST

Rolls-Royce will manufacture nuclear reactors to power new U.K. submarines under a contract valued approximately at $11.1 billion.

China's WeRide Wants to Build Global Robotaxi Empire

Fri, 24 Jan 2025 03:30:00 CST

The Chinese autonomous-driving company is aiming to make more inroads overseas this year, betting that robotaxis and related services will be in high demand in coming years.

‘It legitimizes us’: the minority businesses still fighting for recognition

Sun, 11 Aug 2024 11:00:12 CDT

Middle Eastern and north African business owners couldn’t get certified in the US – but a new wave of entrepreneurs is changing that Since the 1970s, many minority business owners have been able to certify their businesses through organizations like the National Minority Supplier Development Council (NMSDC) or the Small Business Administration (SBA). Until last July, one group of business owners was noticeably absent from the sea of certification options – those of Mena (Middle East and north Africa) heritage. Recognition as a minority business has its advantages. In the consumer goods sector, certified businesses let customers know who is making their simmer sauces or importing their coffee beans. But more crucially, especially for scrappy emerging brands, certifications can reduce the cost of doing business through diversity programs found in supermarkets and chains like Kroger or Target. Some Mena businesspeople say they feel the lack of recognition. Continue reading...

Financial bullying can ruin a marriage: first-person stories

Thu, 14 Aug 2014 11:00:02 CDT

When partners consider finances, when is it ‘my’ money, and when it is ‘our’ money? Guardian readers shared their experiences * Private lives: ‘I want to end my marriage but I’m financially dependent’ A survey of about 1,000 Americans found that one in 10 would describe their partner as a financial bully. Our readers, however, insist that that might be a label easily assigned to a partner who is simply being financially responsible. When we put out a call to out readers last week to see if any of them had similar experiences, we found that many of you wouldn’t define the actions described as financial bullying. Instead, quite a number of you insisted that keeping track of your partner’s expenses was simply budgeting and being financially responsible. Continue reading...