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Who is Pavel Durov and why is the Telegram founder in legal trouble after his sudden arrest in Paris?

Pavel Durov, the CEO of Telegram, was arrested at an airport near Paris on Saturday night and is now in custody facing allegations related to the messaging app. The 39-year-old Russian-born billionaire...

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‘Dangerous Times’: Elon Musk defends Telegram CEO Pavel Durov after French arrest – but is he at risk next?

Business Herbert Bauernebel - August 26, 2024, 1:15 pm

After Elon Musk purchased Twitter and renamed it X, he became a vociferous voice for the After Elon Musk acquired Twitter and rebranded it...

Booming stock market propels Dow to record close – but tech stocks are lagging with the Nasdaq is down 0.9%

Business Herbert Bauernebel - August 26, 2024, 1:10 pm

U.S. stocks closed mixed on Monday as investors mulled over Federal Reserve Chair Jerome Powell’s speech from the Jackson Hole Economic Symposium and anticipated...

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Air traffic controllers were first presented with buyout options and advised to think about exiting government employment.

All 50 US States @USLive - January 31, 2025, 3:47 pm

Just one day prior to a tragic midair collision at Reagan National Airport near Washington, D.C., Federal Aviation Administration (FAA) employees received a proposal...

Walgreens halts dividend payments, ending over 90 years of consistent shareholder returns.

Business @USLive - January 31, 2025, 7:05 am

Walgreens experienced a significant decline in its stock prices on Friday, following the announcement that it would be halting its dividend payments. This marks...

11 years post-launch, a prominent solar facility confronts a grim outlook in the Mojave Desert.

Business @USLive - January 30, 2025, 4:07 pm

LOS ANGELES — The Ivanpah solar power plant, once celebrated as the largest facility of its kind in the world, is facing potential closure...

news of the day

Fed Chair Powell announces rate cut in September – interest rates will go down in three steps til end of year

A larger Federal Reserve rate cut in September could unsettle investors. While lowering interest rates might stimulate the economy, it raises the question: how much economic support is actually needed? Last week, Federal Reserve...

After low inflation data focus shifts to likely rate cut in September as more Fed officials line up behind it

Two Federal Reserve officials signaled on Thursday that a rate cut may be on the horizon, as strong economic data led financial markets to scale back expectations for a significant reduction in...

3 reasons why bitcoin could soar to $100,000 this year, according to Anthony Scaramucci

Bitcoin is still on track to nearly double from current levels this year, despite the crypto's steep sell-off, according to Anthony Scaramucci. The Skyridge Capital founder and longtime crypto bull said he saw a number...

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Big Crypto has invested $119 million in 2024 Elections, more than most donors of other industries

Business Herbert Bauernebel - August 27, 2024, 12:52 pm

The crypto industry has funneled $119 million into this year's elections, as reported by Public Citizen. Coinbase and Ripple are at the forefront of contributions...

Alice Walton surpasses Francoise Bettencourt Meyers as world’s richest woman

Business Herbert Bauernebel - August 27, 2024, 12:48 pm

Alice Walton, the Walmart heiress, has recently become the world's wealthiest woman, overtaking Francoise Bettencourt Meyers, the L'Oréal cosmetics heiress. According to the Bloomberg...

San Antonio Subway franchisee files for bankruptcy following court loss in manager’s murder case

Business Herbert Bauernebel - August 18, 2024, 11:39 am

River Sub LLC, a Subway franchisee in San Antonio, has filed for bankruptcy following an appeals court ruling that left the company liable for...

The incredible rise of Nvidia: From startup to world’s most valuable company

Business Herbert Bauernebel - August 18, 2024, 11:35 am

In the dynamic realm of technology, Nvidia’s rise from a small startup to the world’s most valuable company is nothing short of extraordinary. As...

Tesla is back – with 10-day-winning streak on Wallstreet, closing at highest point in 9 months

Business Herbert Bauernebel - July 11, 2024, 10:12 am

Tesla Inc. extended its winning streak on Tuesday, marking its longest run of gains in over a year and closing at its highest level...

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Trump’s import taxes on Canada, Mexico, and China may lead to increased inflation and economic instability.

Business @USLive - 42 minutes ago

Italy reclaims 43 migrants intended for processing in Albania, marking a third unsuccessful effort to keep them out.

Business @USLive - 50 minutes ago

Fog Forces Cancellation of World Cup Downhill in Garmisch, Disrupting Training Sessions

Business @USLive - 51 minutes ago

Costco and Teamsters negotiate a provisional contract, preventing strike action.

All 50 US States @USLive - 51 minutes ago

Rubio heads to Central America focusing on the Panama Canal and immigration issues

Business @USLive - 60 minutes ago

Mexican company addresses plastic pollution by transforming it into fuel

Business @USLive - 10 hours ago

Texas governor mandates prohibition of DeepSeek and RedNote on state devices

US News @USLive - 15 hours ago

Air traffic controllers were first presented with buyout options and advised to think about exiting government employment.

All 50 US States @USLive - 15 hours ago

Recent Update: Search and inquiry ongoing following fatal plane crash in Washington, DC

Business @USLive - 16 hours ago

Georgia Power aims to sustain coal facilities to fulfill energy requirements.

US News @USLive - 16 hours ago

A hectic week in the stock market framed by DeepSeek developments and Trump’s tariff actions, detailed numerically

Business @USLive - 17 hours ago

Market Update: Wall Street loses ground as White House announces Trump’s tariff decision

Business @USLive - 17 hours ago

Trump announces plans to impose tariffs on Canada, Mexico, and China this Saturday

Business @USLive - 17 hours ago

NFL officials will continue to manually spot the football, despite new technology developments.

Business @USLive - 17 hours ago

Performance of Key US Stock Indices on Friday, January 31, 2025

Business @USLive - 18 hours ago

Trump set to host Nvidia’s CEO Jensen Huang at the White House

Business @USLive - 20 hours ago

Business Personalities

Elon Musk

Elon Musk’s bold vision: Humans could land on Mars in 4 years–after uncrewed SpaceX Starship missions

SpaceX CEO Elon Musk announced on his social media platform, X, that his company plans to send an uncrewed Starship to Mars within the next two years, with a crewed mission to...

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Strategist involved in DeSantis campaign collaborating with Musk for Trump voter mobilization

Business @USLive - August 16, 2024, 9:04 pm

Ron DeSantis' senior political aides were meeting at the Florida governor's campaign headquarters in Tallahassee to plan his announcement of a presidential candidacy. Despite suggestions to hold a rally at a baseball...

Elon Musk LIVE

Air traffic controllers were first presented with buyout options and advised to think about exiting government employment.

All 50 US States @USLive - 15 hours ago

Trump appoints billionaires to his administration despite campaigning on a message for the working class.

All 50 US States @USLive - 19 hours ago

Today’s stock market: Tesla, IBM, and Meta drive Wall Street’s gains.

Business @USLive - 2 days ago

Meet Sean Duffy, the newly appointed transportation secretary addressing the recent plane crash in DC.

New York @USLive - 2 days ago

Michigan clergyman loses church license for imitating Musk’s arm pose.

Michigan @USLive - 2 days ago

Tesla’s fourth-quarter earnings miss projections; Musk anticipates unsupervised self-driving rollout in Texas by June.

Business @USLive - 3 days ago

Breaking News: Trump proposes relocating undocumented immigrants in the US to Guantanamo Bay

Business @USLive - 3 days ago

Understanding the Office of Personnel Management: Trump’s Strategy to Transform Government Through This Agency

Business @USLive - 3 days ago

Howard Lutnick, nominee for Trump’s Commerce Secretary, promises to divest his business holdings within 90 days.

Business @USLive - 3 days ago

Wisconsin Supreme Court hopeful faces backlash for joining meeting with Democratic supporters.

Elections @USLive - 3 days ago

Space calls: Apple connects Starlink satellites with iPhone

Top Story Business Herbert Bauernebel - 3 days ago

Trump offers buyouts to all federal employees

Donald Trump Anna Karolina Heinrich - 3 days ago

Jeff Bezos

Trump claims Zuckerberg and Bezos called to praise his defiance after assassination attempt

Former President Donald Trump stated that after surviving an assassination attempt, he received unexpected calls from Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos, who praised his resilience and defiance. Trump,...

Jeff Bezos and Lauren Sanchez live the billionaire dream as they enjoy Sardinia super yacht adventure with A-list guests

Amazon billionaire Jeff Bezos and his partner Lauren Sanchez were pictured soaking up the sun in Italy on Friday with an A-list cadre of guests, including Leonardo DiCaprio, his girlfriend Vittoria Ceretti, and Katy Perry and Orlando Bloom. The celebrity couples were...

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Jeff Bezos and Lauren Sánchez receive ‘incredible blessing’ in special Vatican meeting with the Pope

Business Herbert Bauernebel - August 17, 2024, 11:23 am

Jeff Bezos and Lauren Sánchez had what they described as "the most important meeting of our life" yesterday during a special audience with Pope Francis at the Vatican. The Amazon founder, 60, and...

Jeff bezos LIVE

Trump appoints billionaires to his administration despite campaigning on a message for the working class.

All 50 US States @USLive - 19 hours ago

Amazon files lawsuit against state agency to prevent disclosure of records to Washington Post owned by Bezos

Business @USLive - 2 days ago

Certain Trump supporters express doubt about his initial efforts to align with other wealthy individuals.

US News @USLive - 4 days ago

Lauren Sánchez does not care about criticism over inauguration outfit

Celebrities Anna Karolina Heinrich - 6 days ago

He’s confident, he’s strategic, and he remains Trump: Key insights from the president’s initial days.

Business @USLive - 7 days ago

Five economic factors that may influence the initial year of Trump’s administration

Business @USLive - January 24, 2025, 10:36 am

White House possesses numerous options to disrupt the lives of adversaries of Trump

Opinion @USLive - January 22, 2025, 12:49 pm

$1.5 trillion net worth: Meet the richest people in the world

Business Anna Karolina Heinrich - January 22, 2025, 1:15 am

Democrats face challenges in formulating their response to Trump’s bold campaign tactics.

New York @USLive - January 21, 2025, 2:34 pm

Trump draws on diverse aspects of American history. How could he leverage them to create his envisioned ‘Golden...

New York @USLive - January 21, 2025, 2:04 pm

A comprehensive overview of the notable figures present at Trump’s inauguration, including billionaires, tech leaders, and political figures.

Opinion @USLive - January 21, 2025, 8:04 am

Trump aims to dismantle Biden’s achievements through immediate pardons and executive actions upon assuming office

Opinion @USLive - January 21, 2025, 6:43 am

Tech tycoons accompany populist President Trump during his inauguration

Business @USLive - January 20, 2025, 7:04 pm

Wall street

Dow hits new record on rate cut rally: What’s next for Wall Street ?

US stocks closed Monday with mixed results as investors braced for a key earnings report and upcoming economic data later in the week. The Dow Jones Industrial Average rose 65 points, or 0.2%,...

AI hype faces scrutiny on Wall Street is becoming more skeptical of artificial-intelligence hype

After 18 months of promoting artificial intelligence and its potentially transformative impact on corporate profits and human productivity, Wall Street is growing more skeptical. Analysts have recently scrutinized the financials underpinning the technology....

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Wall street braces for potential impact of Kamala Harris’s tax plan on corporate profits

Wallstreet Herbert Bauernebel - September 10, 2024, 1:15 pm

Wall Street is closely monitoring potential tax changes if Democratic candidate Kamala Harris wins the upcoming presidential election. Investors are particularly concerned about her proposal to raise the corporate tax rate from...

Stock market today: US stocks score new record as better-than-expected reporting of Nvidia takes center stage

Wallstreet Herbert Bauernebel - August 27, 2024, 12:44 pm

US stocks experienced mixed trading on Tuesday as investors awaited Nvidia's (NVDA) pivotal earnings report, which is expected to impact market sentiment. The Dow Jones Industrial Average (^DJI) fell approximately 0.2% in afternoon...

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Walgreens halts dividend payments, ending over 90 years of consistent shareholder returns.

Business @USLive - January 31, 2025, 7:05 am

Walgreens experienced a significant decline in its stock prices on Friday, following the announcement that it would be halting its dividend payments. This marks the end of a remarkable history of consistent...

A decline in jobless benefit applications indicates ongoing robustness in the labor market from the previous week.

Business @USLive - January 30, 2025, 5:48 am

Last week's statistics show a decrease in the number of Americans applying for unemployment benefits, which indicates that the job market remains robust. According to the Labor Department, requests for jobless...

Tesla’s fourth-quarter earnings miss projections; Musk anticipates unsupervised self-driving rollout in Texas by June.

Business @USLive - January 29, 2025, 4:40 pm

Tesla reported a slight increase in adjusted profits for the fourth quarter, largely driven by aggressive sales tactics, including zero financing offers and various incentives aimed at boosting electric vehicle (EV) sales....

wall street LIVE

A hectic week in the stock market framed by DeepSeek developments and Trump’s tariff actions, detailed numerically

Business @USLive - 17 hours ago

Market Update: Wall Street loses ground as White House announces Trump’s tariff decision

Business @USLive - 17 hours ago

Trump announces plans to impose tariffs on Canada, Mexico, and China this Saturday

Business @USLive - 17 hours ago

Performance of Key US Stock Indices on Friday, January 31, 2025

Business @USLive - 18 hours ago

Persistent US inflation and potential Trump tariffs may push prices higher.

Business @USLive - 22 hours ago

Walgreens halts dividend payments, ending over 90 years of consistent shareholder returns.

Business @USLive - 24 hours ago

Last month’s inflation rose, highlighting ongoing price challenges in the U.S.

Business @USLive - 1 day ago

Exxon Mobil’s robust Q4 performance driven by increased output from the Permian and Guyana

US News @USLive - 1 day ago

FDA greenlights pain medication aimed at removing addiction risk linked to opioids.

Business @USLive - 1 day ago

Investigating Odd Betting Trends Related to Terry Rozier’s Performance in 2023 Charlotte Game

Business @USLive - 2 days ago

Today’s stock market: Tesla, IBM, and Meta drive Wall Street’s gains.

Business @USLive - 2 days ago

Performance of Key US Stock Indices on Thursday, January 30, 2025

Business @USLive - 2 days ago

U.S. economy experiences robust 2.3% growth in Q4 ahead of Trump’s potential White House comeback, projected to reach...

Business @USLive - 2 days ago

news of the week

A hectic week in the stock market framed by DeepSeek developments and Trump’s tariff actions, detailed numerically

Business @USLive - January 31, 2025, 2:23 pm

News from China rattled U.S. markets this week, throwing a wrench in the enthusiasm surrounding artificial intelligence. A firm named DeepSeek announced it had created a large language model capable of rivaling...

Market Update: Wall Street loses ground as White House announces Trump’s tariff decision

Business @USLive - January 31, 2025, 2:22 pm

Stocks on Wall Street experienced a decline on Friday, erasing earlier gains, as President Donald Trump's administration announced the implementation of anticipated tariffs on key trading partners. The S&P 500 decreased by...

Trump announces plans to impose tariffs on Canada, Mexico, and China this Saturday

Business @USLive - January 31, 2025, 2:21 pm

WASHINGTON — President Donald Trump recently announced that he will impose a 25% tariff on imports from Canada and Mexico, alongside a 10% tariff on goods originating from China, with these changes...

Performance of Key US Stock Indices on Friday, January 31, 2025

Business @USLive - January 31, 2025, 1:19 pm

U.S. stock markets experienced a downturn after the announcement from the White House regarding the implementation of tariffs by President Donald Trump. These tariffs, which are set to target several principal trading...

Persistent US inflation and potential Trump tariffs may push prices higher.

Business @USLive - January 31, 2025, 8:38 am

WASHINGTON — A closely monitored inflation measure by the Federal Reserve experienced a modest increase last month, while some underlying price pressures appeared to show signs of alleviation. The most recent...

Walgreens halts dividend payments, ending over 90 years of consistent shareholder returns.

Business @USLive - January 31, 2025, 7:05 am

Last month’s inflation rose, highlighting ongoing price challenges in the U.S.

Business @USLive - January 31, 2025, 5:33 am

Inflation rates rose slightly last month, highlighting ongoing challenges with price stability in the United States. This increase reflects a broader trend of stubborn inflation that has continued to affect consumers...

Exxon Mobil’s robust Q4 performance driven by increased output from the Permian and Guyana

US News @USLive - January 31, 2025, 4:36 am

Exxon Mobil reported impressive profits for the fourth quarter, thanks to increased production in both the Permian Basin and Guyana. During the final three months of the year ending December...

FDA greenlights pain medication aimed at removing addiction risk linked to opioids.

Business @USLive - January 31, 2025, 2:06 am

Federal authorities have granted approval for a novel pain medication, aimed at addressing the risks of addiction and overdose that are common with traditional opioid treatments such as Vicodin and OxyContin. The...

Investigating Odd Betting Trends Related to Terry Rozier’s Performance in 2023 Charlotte Game

Business @USLive - January 30, 2025, 3:18 pm

MIAMI — Federal prosecutors are currently investigating unusual betting activities linked to Terry Rozier, a former guard for the Charlotte Hornets, stemming from a game that occurred almost two years ago. This...

Today’s stock market: Tesla, IBM, and Meta drive Wall Street’s gains.

Business @USLive - January 30, 2025, 2:26 pm

NEW YORK — Major U.S. stocks experienced an upward trend on Thursday, primarily fueled by solid earnings reports from prominent companies such as Tesla, IBM, and Meta Platforms. This surge led to...

Performance of Key US Stock Indices on Thursday, January 30, 2025

Business @USLive - January 30, 2025, 1:31 pm

U.S. stock markets experienced an upward trend primarily spurred by Meta Platforms and Tesla, following a wave of earnings announcements from pivotal companies in the nation. On Thursday, the S&P 500...

U.S. economy experiences robust 2.3% growth in Q4 ahead of Trump’s potential White House comeback, projected to reach 2.8% in 2024.

Business @USLive - January 30, 2025, 8:15 am

WASHINGTON — The American economy maintained its momentum as it wrapped up 2024, bolstered primarily by robust consumer spending. This growth comes just before a potentially significant shift in economic policy with...

Dow Announces Q4 Loss and Plans to Lay Off 1,500 Employees, Reducing Workforce by 4%

Business @USLive - January 30, 2025, 8:14 am

Dow Inc. has reported its fourth-quarter earnings, which fell significantly short of analysts' projections. In light of persistent challenges in the market, the materials science firm announced on Thursday plans to eliminate...

Shell continues to evaluate the possibility of relocating its listing from London, but it’s not an active topic of discussion.

Business @USLive - January 30, 2025, 6:17 am

LONDON — Shell, the oil giant, announced on Thursday that it is still contemplating the possibility of relocating its stock market listing from London to New York, although it emphasized that this...

A decline in jobless benefit applications indicates ongoing robustness in the labor market from the previous week.

Business @USLive - January 30, 2025, 5:48 am

Wall Street anticipates ongoing strong demand for airline travel throughout this year.

Business @USLive - January 30, 2025, 3:48 am

NEW YORK — Airlines are anticipating significant growth in travel demand for 2025, although they may be limited by ongoing capacity challenges. United Airlines, Delta Air Lines, and various other U.S....

Tesla’s fourth-quarter earnings miss projections; Musk anticipates unsupervised self-driving rollout in Texas by June.

Business @USLive - January 29, 2025, 4:40 pm

Norfolk Southern CEO expresses confidence for 2025 following strong fourth quarter performance.

Business @USLive - January 29, 2025, 4:13 pm

Norfolk Southern has reported a strong performance for the fourth quarter, which, alongside encouraging feedback from customers and support from Washington D.C., has led to optimistic sentiments towards 2025 from the company’s...

Meta reports significant increase in Q4 earnings and revenue, surpassing Wall Street predictions.

Business @USLive - January 29, 2025, 4:11 pm

Meta Platforms Inc. reported impressive growth in both profits and revenues for its fourth quarter, partly driven by increased advertising revenue across its social media platforms. Following the announcement, the company's stock...

Microsoft announces a 10% increase in quarterly profits as it aims to demonstrate the returns on its AI investments.

Business @USLive - January 29, 2025, 3:54 pm

Microsoft announced on Wednesday that its profits for the fourth quarter of the year increased by 10%, reflecting the company's commitment to leveraging the substantial investments made to enhance its artificial intelligence...

Meta to pay $25 million to resolve Trump-related lawsuit following his suspension on January 6

Business @USLive - January 29, 2025, 3:37 pm

Meta Platforms, Inc. has reached a settlement of $25 million to resolve a lawsuit brought forth by former President Donald Trump following the suspension of his accounts in connection with the January...

Fed maintains interest rates, perceives inflation as ‘high,’ while Powell refrains from discussing Trump

Business @USLive - January 29, 2025, 3:26 pm

WASHINGTON — On Wednesday, the Federal Reserve decided to maintain its benchmark interest rate, following three consecutive rate cuts last year. This cautious move reflects the Fed's ongoing efforts to assess future...

Today’s Stock Market: Wall Street Dips as Federal Reserve Maintains Steady Interest Rates

Business @USLive - January 29, 2025, 2:27 pm

NEW YORK — On Wednesday, U.S. stock market indexes experienced a decline following the Federal Reserve's decision to maintain interest rates, marking the first time since September that the central bank chose...

Performance of Key US Stock Indices on Wednesday, January 29, 2025

Business @USLive - January 29, 2025, 1:38 pm

U.S. stock markets experienced a decline following the Federal Reserve's decision to maintain its primary interest rate, marking the end of a series of rate cuts that had been in place since...

Key details on Trump’s buyout plan for federal workers

Business @USLive - January 29, 2025, 11:22 am

The administration led by President Donald Trump is introducing a buyout plan aimed at swiftly decreasing the number of federal workers. Employees have a limited time to make their decision, with all...

Federal Reserve holds interest rate steady while assessing effects of Trump’s policies

All 50 US States @USLive - January 29, 2025, 11:01 am

The Federal Reserve has decided to maintain its primary interest rate, opting for caution as it assesses the effects of policies proposed by the Trump administration. This decision reflects the central...

Howard Lutnick, nominee for Trump’s Commerce Secretary, promises to divest his business holdings within 90 days.

Business @USLive - January 29, 2025, 9:33 am

In a recent confirmation hearing before the Senate Committee on Commerce, Science, and Transportation, billionaire financier Howard Lutnick, nominated by President Donald Trump to head the Commerce Department,...

Nvidia confronts challenges as emerging Chinese rival casts doubt on Wall Street’s favorite.

Business @USLive - January 28, 2025, 4:00 pm

NEW YORK — The incredible run of Nvidia's stock over recent years has grabbed attention, but the dramatic drop on Monday wiped out a staggering $595 billion in value. This loss is...

Starbucks exceeds quarterly sales forecasts as recovery initiatives take effect

Business @USLive - January 28, 2025, 3:57 pm

Starbucks revealed on Tuesday that its sales for the fiscal first quarter exceeded expectations, signaling progress in its efforts for revitalization. The well-known Seattle-based coffee brand reported stable revenue of $9.4...

Today’s stock market: Nvidia and various technology shares recover part of Monday’s significant declines.

Business @USLive - January 28, 2025, 2:31 pm

NEW YORK — U.S. stock indexes experienced gains on Tuesday, primarily driven by a resurgence in technology shares, following a notable decline fueled by skepticism regarding the true necessity of the ongoing...

Performance of Key US Stock Indices on Tuesday, January 28, 2025

Business @USLive - January 28, 2025, 1:30 pm

Tech shares surged, boosting U.S. stock market indexes after a previous decline sparked concerns regarding the sustainability of the current artificial intelligence investment boom. On Tuesday, the S&P 500 experienced an...

Mediobanca turns down acquisition proposal from competitor Monte dei Paschi in Italy.

Business @USLive - January 28, 2025, 12:02 pm

MILAN — On Tuesday, Mediobanca, an Italian banking institution, firmly dismissed a recent takeover proposal from its local competitor, Monte dei Paschi di Siena. The bank released a statement indicating that the...

General Motors reports fourth-quarter loss amid challenging conditions in China, yet exceeds forecasts.

Business @USLive - January 28, 2025, 10:04 am

General Motors reported a significant loss for the fourth quarter amid challenging market conditions in China. Despite this setback, the company outperformed expectations for profit and revenue among analysts on Wall Street....

Sean Duffy officially appointed by Senate to head the Transportation Department

Business @USLive - January 28, 2025, 9:48 am

NEW YORK — Sean Duffy has been officially appointed as the new transportation secretary after receiving confirmation on Tuesday, a move that positions him in a vital role to assist President Donald...

US consumer confidence declines once more as the year begins, reports business organization

Business @USLive - January 28, 2025, 8:54 am

WASHINGTON — Consumer confidence in the United States has experienced a decline for the second month in a row as reported by a prominent business research organization on Tuesday. The Conference Board...

Chevron, Engine No. 1, and GE Vernova collaborate to enhance energy solutions for US data centers, emphasizing AI advancements.

Business @USLive - January 28, 2025, 7:02 am

Energy giant Chevron is collaborating with Engine No. 1 and GE Vernova to establish natural gas power plants across the United States, specifically designed to meet the rising energy demands of data...

Boeing reports a $3.8 billion loss in Q4, totaling over $35 billion in losses since the deadly crashes of 2019.

All 50 US States @USLive - January 28, 2025, 4:46 am

Boeing has reported a significant loss in the fourth quarter, amounting to $3.8 billion, as challenges such as a machinists' strike and various operational issues continued to affect the struggling aircraft manufacturer....

General Motors profit and revenue surge despite significant costs associated with China.

Business @USLive - January 28, 2025, 3:11 am

General Motors has reported robust profits and a significant revenue increase that overshadow the substantial expenses associated with their operations in China.These financial results indicate that the automaker is not only managing...

What is DeepSeek, the Chinese AI firm disrupting the stock market landscape?

Business @USLive - January 27, 2025, 3:57 pm

A surge of interest surrounding an AI chatbot from the Chinese tech firm DeepSeek has led to significant upheaval in the stock markets and sparked discussions regarding the competitive dynamics between the...

Tech shares plummet as a Chinese rival threatens to disrupt the AI boom; Nvidia falls by about 17%

Business @USLive - January 27, 2025, 2:44 pm

NEW YORK — Wall Street's leading firms faced significant losses on Monday as a rival from China appeared poised to disrupt the ongoing artificial intelligence (AI) hype that has benefitted them greatly....

Performance of Key US Stock Indices on Monday, January 27, 2025

Business @USLive - January 27, 2025, 1:27 pm

Wall Street's leading stocks are experiencing a downturn as a new competitor from China threatens to disrupt the current boom in artificial intelligence that many have been enjoying. On Monday, the...

Federal Reserve likely to maintain current interest rates despite Trump’s calls for reductions

Business @USLive - January 27, 2025, 9:55 am

WASHINGTON — The Federal Reserve is widely expected to maintain its current key interest rate during this week’s...

Fresh contender enters US Steel-Nippon acquisition drama aiming to halt it

Business @USLive - January 27, 2025, 8:10 am

An asset management firm is aiming to block Nippon Steel's acquisition of U.S. Steel and replace the current leadership at the American metal manufacturer after acquiring a minor stake in the company....

Markets start significantly down as concerns arise over competition from a low-cost Chinese rival impacting AI leaders; Nasdaq drops 3.6%

Business @USLive - January 27, 2025, 6:33 am

NEW YORK — The stock market experienced a significant downturn at the opening, primarily driven by concerns regarding a formidable new competitor in the artificial intelligence sector from China. This development has...

Investment firm aims to remove US Steel executives and halt Nippon deal after purchasing a stake in the company.

Business @USLive - January 27, 2025, 4:42 am

NEW YORK — An asset management firm is pushing to remove the current leadership of U.S. Steel and halt a proposed agreement with Nippon Steel. This move comes on the heels of...

Saudi Crown Prince announces plans for $600 billion US investment during conversation with Trump.

Business @USLive - January 24, 2025, 5:38 pm

DUBAI, United Arab Emirates — The crown prince of Saudi Arabia announced plans for a significant investment of $600 billion in the United States over the next four years. This statement followed...

Performance of Key US Stock Indexes on Friday, January 24, 2025

Business @USLive - January 24, 2025, 1:24 pm

U.S. equity markets experienced a slight decline after reaching an all-time peak, as they wrapped up a second consecutive week of positive performance. On Friday, the S&P 500 decreased by 0.3%, following...

Today’s Stock Market: Wall Street Pulls Back from Record Highs

Business @USLive - January 24, 2025, 1:22 pm

U.S. stock markets experienced a slight downturn on Friday, bringing an end to a two-week streak of gains, as they moved back from recent record highs. The S&P 500 index decreased by...

Upcoming events: General Motors financial results, Federal Reserve policy discussion, and initial Q4 GDP report from the government

Business @USLive - January 24, 2025, 10:05 am

Next week promises to be significant in the business and economic landscape, with several key events and indicators on the horizon. **General Motors Financial Results** On Tuesday, General Motors is scheduled to...

Union Pacific and CSX report strong outcomes amid potential tariff effects.

Business @USLive - January 23, 2025, 3:59 pm

OMAHA, Neb. — Both Union Pacific and CSX reported strong performance in the fourth quarter as they braced for potential challenges arising from the current administration's policies and the broader economy. ...

Boeing faced a loss of almost $3 billion in the fourth quarter due to strikes, job reductions, and struggling government initiatives.

Business @USLive - January 23, 2025, 3:09 pm

Boeing Co. reported nearly $3 billion in charges for the fourth quarter of 2024, stemming from an extended labor stoppage, workforce reductions, and complications with various government contracts. As a result,...

Today’s stock market update: S&P 500 reaches an all-time high

Business @USLive - January 23, 2025, 3:07 pm

NEW YORK — On Thursday, U.S. stock markets reached new heights, with Wall Street recapturing some of the energy that propelled it to 57 record highs the previous year. The S&P 500 index...

Trump pledges to ‘demand’ reductions in interest rates, yet the process may be complex

Business @USLive - January 23, 2025, 2:03 pm

**Economic Landscape Under Trump: Challenges and Promises** President Donald Trump has made commitments to lower prices and reduce interest rates, but fulfilling these promises may prove challenging...

Performance of Key US Stock Indices on Thursday, January 23, 2025

Business @USLive - January 23, 2025, 1:18 pm

U.S. stock markets experienced a surge, reaching their first all-time high of 2025, signaling a recovery of the momentum that had previously propelled Wall Street to 57 records the prior year. The...

Trump urges Davos leaders to invest in the US to avoid tariffs.

Business @USLive - January 23, 2025, 12:05 pm

WASHINGTON — In a video address delivered to the World Economic Forum, President Donald Trump promised global leaders reduced taxes if they relocate their manufacturing operations to the United States while also...

Increase in unemployment benefit applications among Americans last week, with ongoing claims reaching a three-year high.

Business @USLive - January 23, 2025, 7:18 am

Unemployment benefit applications saw a slight increase last week, while the overall number of Americans receiving these benefits rose to its highest figure in over three years. According to the Labor...

Turkey’s central bank reduces key interest rate to 45%

Business @USLive - January 23, 2025, 4:26 am

ANKARA, Turkey — On Thursday, Turkey's central bank announced a reduction in its main interest rate by 2.5 percentage points, bringing it down to 45%. This marks the second consecutive month of...

China takes steps to revitalize struggling markets by instructing funds to increase stock investments.

Business @USLive - January 23, 2025, 1:23 am

BANGKOK — The Chinese government is taking steps to stimulate consumer spending by driving up share prices. This initiative involves mandating that pensions and mutual funds increase their investments in domestic stocks,...

China mandates pensions and mutual funds to increase investments in local stocks, aiming to secure profits.

Business @USLive - January 22, 2025, 6:55 pm

The Chinese authorities have announced plans to mandate that pension funds and mutual funds increase their investments in local stocks to secure profitability. This decision reflects the government's strategy to bolster the...

Today’s stock market: Wall Street nears record highs fueled by Netflix and AI enthusiasm

Business @USLive - January 22, 2025, 2:13 pm

NEW YORK — On Wednesday, major technology stocks, including Netflix and Oracle, provided a boost to Wall Street as their profits continue to increase, generating enthusiasm around the lucrative opportunities in artificial...

Performance of Key US Stock Indices on Wednesday, January 22, 2025

Business @USLive - January 22, 2025, 1:20 pm

U.S. stock markets saw a boost on Wednesday as technology companies like Netflix and Oracle experienced significant profit increases, coinciding with growing enthusiasm for the financial potential of artificial intelligence. The S&P...

5 strategies to prevent excessive focus on immediate outcomes.

Business @USLive - January 22, 2025, 8:27 am

Recency bias refers to the inclination of investors to emphasize recent performance trends while overlooking critical aspects such as fundamentals, valuation, and long-term averages of the market. News related to market conditions...

Trump’s support for meme coins dampens sentiment in the crypto sector

Business @USLive - January 21, 2025, 2:48 pm

President Donald Trump's reputation within the cryptocurrency sector seems to have suffered after he and his wife introduced their own meme coins. Critics have labeled this action as a somewhat distasteful grab...

Stock Market Update: Wall Street Kicks Off Trump’s Second Term with Positive Returns

Business @USLive - January 21, 2025, 2:28 pm

NEW YORK — On Tuesday, U.S. stock markets experienced an upswing, driven by reports from various companies revealing that their profits exceeded analysts' forecasts for the final quarter of the prior year,...

Performance of Key US Stock Indices on Tuesday, January 21, 2025

Business @USLive - January 21, 2025, 1:14 pm

U.S. stock markets experienced gains on Tuesday following reports that numerous companies exceeded profit expectations for the previous year, coupled with a decline in Treasury yields. The S&P 500 index registered...

Trump announces 25% tariffs on Canada and Mexico starting February 1 while signing multiple economic orders

Business @USLive - January 20, 2025, 5:50 pm

WASHNGTON — On Monday, President Donald Trump announced that he anticipates implementing a 25% tariff on imports from Canada and Mexico effective February 1. However, he did not elaborate on his intentions...

Trump announces potential 25% tariffs on Canada and Mexico beginning February 1, but remains silent on China tariff timeline.

All 50 US States @USLive - January 20, 2025, 4:56 pm

In a recent statement, former President Trump announced that he is considering the implementation of a 25% tariff on goods imported from Canada and Mexico, with the potential start date being February...

Starbucks to implement layoffs as a strategy for corporate restructuring

Business @USLive - January 20, 2025, 5:15 am

Starbucks announced on Friday that it intends to lay off an undisclosed number of employees as it undertakes a restructuring of its corporate workforce. In a communication addressed to staff, CEO and...

Trump’s inauguration will bring a pro-crypto administration along with fresh state regulations.

All 50 US States @USLive - January 20, 2025, 1:57 am

HARRISBURG, Pa. — The recently elected administration of President Donald Trump is expected to foster a more favorable environment for cryptocurrency, potentially influencing state legislatures to adopt a pro-crypto stance. This shift...

Today’s stock market update: Asian equities rise while Bitcoin reaches an all-time peak before U.S. presidential inauguration.

Business @USLive - January 20, 2025, 12:32 am

BANGKOK — Asian stock markets showed positive movement early Monday, accompanied by a notable spike in bitcoin, which reached an all-time high as the country approaches the inauguration of President-elect Donald Trump....

Trump endorses new meme cryptocurrency ahead of assuming office with pro-crypto plans.

Business @USLive - January 19, 2025, 2:27 pm

President-elect Donald Trump has introduced a new cryptocurrency token that is experiencing a significant surge in value right before his impending inauguration. This move is yet another unconventional initiative from Trump, who...

Yellen announces Treasury’s plan to implement ‘extraordinary measures’ starting January 21 to avoid breaching the debt limit.

Business @USLive - January 17, 2025, 3:12 pm

WASHINGTON — In one of her final actions as Treasury Secretary, Janet Yellen announced that the Treasury Department will initiate “extraordinary measures” starting January 21. This announcement was made in a letter...

Stock market update: Wall Street wraps up its strongest week since Trump’s election with a surge

Business @USLive - January 17, 2025, 3:04 pm

NEW YORK — On Friday, U.S. stock indices wrapped up a successful week, marking their best performance in two months. The S&P 500 surged by 1%, marking its first weekly gain...

Performance of Key US Stock Indices on Friday, January 17, 2025

Business @USLive - January 17, 2025, 1:17 pm

U.S. stock markets experienced a significant boost, wrapping up their most successful week in two months. On Friday, the S&P 500 climbed by 1%, while the Dow Jones Industrial Average saw...

The evolution of TikTok from a social platform for youth to a possible national security concern

Business @USLive - January 17, 2025, 1:09 pm

SAN FRANCISCO — TikTok, often perceived as a staple of the internet, now faces uncertainty regarding its future amid pressures surrounding ownership and security concerns. Since its 2017 merger with Musical.ly, TikTok...

Federal Reserve announces exit from climate change group.

Business @USLive - January 17, 2025, 12:46 pm

WASHINGTON — On Friday, the Federal Reserve announced that it will withdraw from a global coalition of central banks that aimed to explore how financial system regulations could help mitigate the effects...

Upcoming Week: Netflix financial results, key economic metrics, existing home sale figures

Business @USLive - January 17, 2025, 8:44 am

Next week will showcase significant business happenings and important economic metrics that could influence market dynamics. One anticipated highlight is the release of Netflix’s financial performance for the fourth quarter, scheduled for...

Bitcoin surges beyond $100,000 amid potential early cryptocurrency moves by Trump

Business @USLive - January 17, 2025, 8:10 am

In Washington, the value of bitcoin has exceeded $100,000 once again as the cryptocurrency sector anticipates proactive measures from Donald Trump following his inauguration next week. Initially, he expressed skepticism about...

IMF forecasts stable worldwide growth, but cautions that Trump’s trade tariffs, tax policies, and deportation strategies cast uncertainty on future prospects

Business @USLive - January 17, 2025, 7:26 am

In its latest report, the International Monetary Fund (IMF) has projected a slight acceleration in global economic growth along with a continued decline in inflation rates for the current year....

Capital One facing service interruptions primarily affecting deposit transactions

Business @USLive - January 17, 2025, 6:18 am

Capital One is facing ongoing service outages as of Friday, leading to customer dissatisfaction over the inability to access their deposits. As of 8:04 a.m. Eastern time, there were nearly 3,400 outage reports...

Market Update: Wall Street dips as US stocks lose momentum

Business @USLive - January 16, 2025, 2:27 pm

NEW YORK — On Thursday, U.S. stock markets experienced a slight downturn, influenced by a mixed bag of earnings results from major companies like Morgan Stanley and UnitedHealth Group. The S&P...

Performance of key US stock indices on Thursday, January 16, 2025

Business @USLive - January 16, 2025, 1:16 pm

U.S. stock markets experienced a slight decline on Thursday as the market reacted to a mixed bag of earnings reports from major companies, including Morgan Stanley and UnitedHealth Group. The S&P 500...

U.S. consumers conclude the year with a strong spending attitude, signaling positive prospects for the economy.

Business @USLive - January 16, 2025, 10:23 am

American shoppers ended the year with a heightened appetite for spending, purchasing a wide variety of goods ranging from furniture to apparel and dining out at restaurants, according to the latest data...

UnitedHealth exceeds profit expectations, yet faces ongoing medical expense challenges.

Business @USLive - January 16, 2025, 8:23 am

UnitedHealth reported a profit for the last quarter of 2024 that surpassed expectations, yet a persistent rise in medical expenses and increased care utilization caught many analysts off guard. Following the release...

Increase in unemployment benefit claims last week, yet layoffs stay at record low levels

Business @USLive - January 16, 2025, 6:11 am

The latest figures indicate a slight increase in the number of American citizens filing for unemployment benefits, even as the overall job market remains robust and layoffs stay at historically low levels.According...

Reasons Behind Rising Interest Rates Despite Fed Cuts

Business @USLive - January 16, 2025, 6:02 am

NEW YORK — The recent trends affecting Wall Street appear somewhat counterintuitive. The bond market has experienced notable fluctuations lately, pushing the yield on the 10-year Treasury above 4.80%, marking...

BP to eliminate 4,700 positions globally in a bid to reduce costs

Business @USLive - January 16, 2025, 5:40 am

LONDON — BP, the U.K.-based oil giant, has announced a significant reduction in its workforce as part of an ongoing effort to cut costs. The company will eliminate 4,700 jobs globally along...

Hindenburg Research’s founder steps down from the investigative finance firm.

Business @USLive - January 15, 2025, 10:05 pm

BANGKOK — Nate Anderson, the creator of the investigative financial firm Hindenburg Research, has announced his decision to dissolve the organization following the completion of its planned initiatives. Founded in...

Canadian official cautions that U.S. citizens will face economic hardships due to Trump’s tariffs

Business @USLive - January 15, 2025, 4:17 pm

WASHINGTON — This week, Canada's energy minister made a trip to the U.S. Capitol to alert lawmakers about potential tariffs proposed by President-elect Donald Trump. He cautioned that such tariffs would not...

Market Update: Wall Street Surge Following Positive Inflation Figures and Robust Bank Earnings

Business @USLive - January 15, 2025, 3:15 pm

NEW YORK — U.S. stock markets surged on Wednesday in response to a positive update regarding U.S. inflation, buoyed further by strong earnings reports from major banks such as Wells Fargo. This...

Conor McGregor faces a lawsuit for purported sexual assault during the 2023 NBA Finals.

Business @USLive - January 15, 2025, 3:09 pm

In West Palm Beach, Florida, a woman has filed a lawsuit against Conor McGregor, the former UFC champion, claiming he sexually assaulted her at the Kaseya Center during an NBA Finals game....

Trump proposes establishment of an ‘External Revenue Service’ to gather tariff revenue

Business @USLive - January 15, 2025, 2:05 pm

WASHINGTON — On Tuesday, President-elect Donald Trump unveiled his intentions to establish an agency called the External Revenue Service, which would be responsible for collecting tariffs and various revenues from foreign countries....

Performance of Key US Stock Indices on Wednesday, January 15, 2025

Business @USLive - January 15, 2025, 1:21 pm

U.S. stock markets experienced a significant surge following a positive report on inflation. On Wednesday, the S&P 500 soared by 1.8%, marking its strongest performance in two months. The Dow...

JPMorgan achieves all-time high annual earnings as leading US banks excel in Q4 of 2024

Business @USLive - January 15, 2025, 8:18 am

JPMorgan Chase reported a remarkable 50% increase in net income, exceeding $14 billion in the fourth quarter. The bank's revenue and profits surpassed Wall Street expectations, demonstrating resilience as both businesses and...

US inflation rose in December while core price pressures moderated

Business @USLive - January 15, 2025, 7:36 am

In the U.S., inflation saw a rise last month, driven by increases in the prices of gasoline, eggs, and used cars. However, there are encouraging signs that underlying price pressures might...

JPMorgan sees a 50% surge in profits, exceeding $14 billion in Q4.

Business @USLive - January 15, 2025, 3:55 am

In an impressive financial performance, JPMorgan Chase reported a remarkable surge in profits for the fourth quarter, which soared by 50%, reaching over $14 billion. This substantial increase is attributed to...

UK inflation surprisingly falls in December, relieving strain on bond markets.

Business @USLive - January 15, 2025, 2:32 am

LONDON — In a surprising turn of events, the inflation rate in the United Kingdom experienced a decline in December, which has raised optimism regarding potential interest rate cuts by the Bank...

SEC Files Lawsuit Against Elon Musk for Delayed Disclosure of Twitter Ownership Prior to Acquisition

Business @USLive - January 14, 2025, 6:32 pm

The U.S. Securities and Exchange Commission (SEC) has taken legal action against billionaire Elon Musk, accusing him of not promptly revealing his ownership of Twitter stock prior to his acquisition of the...

Today’s stock market: Wall Street sees overall gains following positive inflation reports, though Lilly’s performance holds back momentum.

Business @USLive - January 14, 2025, 2:43 pm

NEW YORK – On Tuesday, U.S. stock markets experienced a slight overall increase, buoyed by a positive inflation update, despite some declines in key stocks like Eli Lilly that tempered overall index...

Performance of Key US Stock Indices on Tuesday, January 14, 2025

Business @USLive - January 14, 2025, 1:19 pm

U.S. stock markets experienced a rise following a positive update on inflation, although some notable drops, particularly from Eli Lilly and a few other significant shares, tempered the gains. The S&P...

Southwest Airlines halts certain hiring and summer internship programs to cut expenses.

Business @USLive - January 14, 2025, 12:44 pm

Southwest Airlines announced on Tuesday that it will temporarily halt the filling of certain positions and summer internships as part of its strategy to reduce costs. The airline affirmed its commitment to...

US regulator files lawsuit against Capital One, claiming the bank defrauded customers of $2 billion.

Business @USLive - January 14, 2025, 12:34 pm

NEW YORK — A consumer watchdog has initiated legal action against Capital One, claiming the bank misled customers regarding its high-interest savings accounts and "cheated" them out of over $2 billion in...

Boeing’s 2024 aircraft orders and deliveries showcase the challenges faced by the company.

Business @USLive - January 14, 2025, 10:42 am

Boeing's performance in delivering commercial aircraft in 2024 lagged significantly behind its European competitor, Airbus, according to data released recently. The American aerospace company reported delivering a total of 348 jetliners over...

Court instructs SEC to explain its denial of Coinbase’s call for cryptocurrency regulations

Business @USLive - January 14, 2025, 9:45 am

A federal appeals court has directed the U.S. Securities and Exchange Commission (SEC) to offer a clearer rationale for its rejection of Coinbase's request to formulate regulations for the rapidly growing crypto...

Producer prices in the US increased by 0.2% in the previous month due to escalating energy expenses.

Business @USLive - January 14, 2025, 6:07 am

WASHINGTON — The recent report from the Labor Department indicates an increase in wholesale inflation for the month, primarily driven by rising energy costs. The producer price index (PPI), which measures inflation...

Wholesale prices in the U.S. increased by 0.2% in December compared to November and by 3.3% year-over-year, driven by rising energy...

All 50 US States @USLive - January 14, 2025, 5:32 am

In the latest report, wholesale prices in the U.S. saw a rise of 0.2% from the previous month of November and an increase of 3.3% compared to the same time last year....

Performance of Key US Stock Indices on Monday, January 13, 2025

Business @USLive - January 13, 2025, 1:23 pm

The U.S. stock market displayed a mixed performance as losses in major technology firms like Nvidia were balanced by gains in other sectors, such as health care and energy. The S&P 500...

Wall Street experience mixed results as oil companies rise while major tech firms decline

Business @USLive - January 13, 2025, 1:22 pm

U.S. stock indices experienced a mix of results on Monday, as increased performance by oil and gas companies helped to balance out declines in major technology stocks such as Nvidia. The S&P...

J&J acquires Intra-Cellular for $14.6 billion, expanding focus on central nervous system diseases

Business @USLive - January 13, 2025, 7:30 am

Johnson & Johnson is set to invest over $14 billion into the treatment of disorders affecting the central nervous system through the acquisition of Intra-Cellular Therapies. On Monday, the health care...

Moderna stuns analysts with forecast of larger-than-anticipated sales decline

Business @USLive - January 13, 2025, 6:33 am

In the early hours of trading on Monday, shares of Moderna experienced a significant decline following the company's announcement of an anticipated larger-than-expected drop in sales for the upcoming year.Moderna has projected...

Today’s stock market: Wall Street pulls back as positive economic news stirs inflation concerns

Business @USLive - January 10, 2025, 3:31 pm

NEW YORK — U.S. stock markets took a downturn on Friday amidst concerns that positive job market data might lead to unfavorable conditions for Wall Street, potentially keeping inflation and interest rates...

Performance of Key US Stock Indexes on Friday, January 10, 2025

Business @USLive - January 10, 2025, 1:20 pm

U.S. stock markets experienced a downturn as concerns grew that positive developments in the labor market could negatively impact Wall Street by sustaining high inflation and interest rates. On Friday, the...

Upcoming Week: Producer and Consumer Price Index, Retail Sales Data

Business @USLive - January 10, 2025, 9:42 am

Next week is set to feature several significant business events and economic indicators that will be closely monitored. On Tuesday, the Labor Department will unveil its producer price index for December,...

Walgreens exceeds Wall Street forecasts as the pharmacy chain progresses with its restructuring strategy.

Business @USLive - January 10, 2025, 8:12 am

Walgreens reported a stronger-than-anticipated performance for its fiscal first quarter, offering some optimism to investors regarding the drugstore chain's efforts to rejuvenate its faltering operations.On Friday, the company's stock surged following comments...

Constellation is set to purchase energy firm Calpine for $16.4 billion, merging two leading power companies in the U.S.

Business @USLive - January 10, 2025, 4:52 am

Constellation is set to purchase Calpine in a deal valued at $16.4 billion, bringing together two of the largest entities in the energy sector. This acquisition marks a significant move...

Delta enjoys a strong fourth quarter boosted by the bustling holiday travel rush.

Business @USLive - January 10, 2025, 4:44 am

Delta Air Lines exceeded expectations for both profit and revenue in the fourth quarter, fueled by robust demand during the pivotal holiday season. The airline announced on Friday that travel demand...

Today’s Stock Market: International Indices Vary While US Markets Are Shut Down

Business @USLive - January 9, 2025, 1:03 pm

Global Markets Overview Global stock markets displayed varied performances on Thursday as the U.S. market observed a...

Today’s stock market: Wall Street stabilizes after Tuesday’s downturn

Business @USLive - January 8, 2025, 2:23 pm

NEW YORK — Wall Street experienced a more stable trading session on Wednesday, recovering slightly from the previous day's declines that were triggered by concerning reports about the economy. These reports had...

Performance of Key US Stock Indexes on Wednesday, January 8, 2025

Business @USLive - January 8, 2025, 1:20 pm

U.S. stock market indexes finished with mixed results, oscillating between minor losses and gains. Market activity was relatively calm following a day when strong economic reports raised concerns about the possibility...

Federal Reserve members anticipate a gradual reduction in rate cuts during the December meeting.

Business @USLive - January 8, 2025, 12:39 pm

WASHINGTON — At their meeting on December 17-18, Federal Reserve officials conveyed their intention to slow the pace of interest rate reductions in light of ongoing elevated inflation rates and concerns regarding...

Federal Reserve representatives anticipated a reduced speed of interest rate reductions during their December session.

All 50 US States @USLive - January 8, 2025, 11:02 am

In a recent meeting held by the Federal Reserve in December, officials expressed their anticipation of a gradual approach to future rate reductions. During the discussions, it was highlighted that...

Senior Fed official supports additional rate reductions despite potential Trump tariffs.

Business @USLive - January 8, 2025, 10:12 am

WASHINGTON — A leading official from the U.S. Federal Reserve expressed his continued support for interest rate reductions this year, even in the face of ongoing inflationary pressures and the anticipated implementation...

Independent watchdog reports IRS enhances taxpayer services but struggles with ID theft resolution.

Business @USLive - January 8, 2025, 7:01 am

WASHINGTON — The IRS has enhanced its services to taxpayers thanks to support from the Democrats’ Inflation Reduction Act, despite continuing challenges with claims stemming from a tax credit effort related to...

US jobless claims drop to their lowest point in almost a year amid record-low layoffs

Business @USLive - January 8, 2025, 5:37 am

In Washington, the latest data reveals that applications for unemployment benefits in the United States have decreased, reaching their lowest point in almost a year. This decline comes amid a period where...

Christopher Waller, a key Federal Reserve official, advocates for lowering interest rates this year amid concerns over potential Trump tariffs.

All 50 US States @USLive - January 8, 2025, 5:02 am

WASHINGTON — Christopher Waller, a key member of the Federal Reserve, has expressed his backing for lowering interest rates within the current year, even amid concerns over potential tariffs from former President...

Performance of Key US Stock Indices on Tuesday, January 7, 2025

Business @USLive - January 7, 2025, 1:23 pm

Recent developments in the U.S. economy have stirred mixed reactions on Wall Street, with positive economic indicators leading to a decline in stock prices. The S&P 500 Index registered a drop of...

Stock market update: Wall Street declines as positive economic news negatively impacts stocks again

Business @USLive - January 7, 2025, 1:15 pm

NEW YORK — Following positive reports concerning the job market and business activities, Wall Street experienced a downturn on Tuesday, with the stock market showing signs of a slump. The S&P...

Job openings in the US unexpectedly increase to 8.1 million in November, indicating a strong labor market.

Business @USLive - January 7, 2025, 7:44 am

Job Market Update WASHINGTON — In a surprising turn of events, job openings in the United States...

Nippon Steel reaffirms commitment to acquire US Steel, dismisses Biden’s concerns

Business @USLive - January 6, 2025, 5:25 pm

TOKYO — Nippon Steel is determined to move forward with its proposed $15 billion acquisition of U.S. Steel despite President Joe Biden’s recent decision to block the transaction. Chief Executive Eiji Hashimoto...

Nippon Steel leader reaffirms commitment to US Steel acquisition, refuting Biden’s concerns about potential risks.

Business @USLive - January 6, 2025, 5:05 pm

In a firm statement, a senior executive from Nippon Steel confirmed the company’s commitment to its acquisition of US Steel, dismissing the concerns highlighted by the Biden administration. The executive emphasized that...

Today’s Stock Market: Nvidia and Other Tech Shares Boost Wall Street

Business @USLive - January 6, 2025, 2:32 pm

NEW YORK — On Monday, technology stocks experienced an upswing, enabling U.S. stock indices to recover some ground lost during the holiday season that extended into the new year. The S&P 500 posted...

Performance of Key US Stock Indices on Monday, January 6, 2025

Business @USLive - January 6, 2025, 1:22 pm

U.S. stock indexes made some gains on Monday, as stronger technology stocks contributed to a rebound from the downturn experienced over the holiday season and into the new year. The S&P...

Leading Federal Reserve regulator facing GOP criticism will resign next month.

Business @USLive - January 6, 2025, 12:04 pm

WASHINGTON — The Federal Reserve's leading financial regulator announced on Monday his decision to resign next month, a move likely aimed at evading a clash with the forthcoming Trump administration and...

Nippon and US Steel sue Biden administration, union, and competitor over $15 billion deal collapse.

Business @USLive - January 6, 2025, 7:36 am

Nippon Steel and U.S. Steel have initiated a federal lawsuit on Monday in response to the Biden administration's decision to block Nippon's $15 billion acquisition of the Pittsburgh-based company. The lawsuit alleges...

This Week: Update on services industry, job vacancies, employment statistics

Business @USLive - January 5, 2025, 10:00 pm

This week, several significant business events and economic indicators are set to be released, providing insights into the current state of the economy. On Tuesday, the Institute for Supply Management (ISM) will...

Value-driven consumers shaped retail trends and pitfalls in 2024.

Business @USLive - December 30, 2024, 6:02 am

Value shopping emerged as a dominant trend in 2024, influencing how consumers spent their money amidst rising costs for housing and groceries. U.S. shoppers became selective with their purchases, leading many affluent...

Today’s Stock Market: S&P 500 Sees Its First Rise Since Christmas

Business @USLive - January 3, 2025, 2:48 pm

NEW YORK — Wall Street emerged from its holiday slump on Friday, showcasing a positive shift in market sentiment. The S&P 500 index posted a gain of 1.3%, marking its first increase...

Sales of new vehicles in the US increased by 2.7% last year due to slight declines in prices and interest rates.

Business @USLive - January 3, 2025, 2:07 pm

DETROIT — Last year, new vehicle sales in the United States saw a 2.7% increase, as a slight decrease in prices and interest rates made SUVs, cars, and trucks somewhat more accessible...

Performance of Key US Stock Indices on Friday, January 3, 2025

Business @USLive - January 3, 2025, 1:18 pm

Wall Street experienced a significant rebound as it emerged from its holiday slowdown. On Friday, the S&P 500 surged by 1.3%, marking its most substantial gain in nearly two months and...

Today’s Stock Market: Wall Street Kicks Off 2025 with Slight Declines

Business @USLive - January 2, 2025, 2:21 pm

U.S. stock markets experienced a decline on Thursday, continuing the downward trend that began at the end of last year into 2025. The S&P 500 index dropped by 0.2%, marking its...

In 2024, Tesla experienced a 1.1% drop in sales, marking its first yearly decline in twelve years.

Business @USLive - January 2, 2025, 2:15 pm

DETROIT — Tesla recently reported a decline in annual sales for the first time in over a decade, a move that has impacted the company’s stock, which had previously surged due to...

Performance of Key US Stock Indices on Thursday, January 2, 2025

Business @USLive - January 2, 2025, 1:13 pm

U.S. stock markets opened 2025 on a downward trend. The S&P 500 experienced a decline of 0.2% on Thursday, signaling its first consecutive five-day drop since April. Similarly, the Dow...

US jobless claims drop to 211,000, hitting the lowest point since March

Business @USLive - January 2, 2025, 8:54 am

The latest data indicates a decline in the number of Americans filing for unemployment benefits, reaching the lowest point since March. This trend reinforces the notion that job security remains robust for...

Tesla experiences its first annual drop in sales since at least 2015.

Business @USLive - January 2, 2025, 6:22 am

DETROIT — In a notable turn of events, Tesla has reported its first decline in year-over-year sales since at least 2015. This dip in sales marks a significant moment for the...

Corporate profit expansion encounters unpredictability due to inflation concerns and changes in policy.

Business @USLive - January 2, 2025, 3:00 am

NEW YORK — Wall Street anticipates a significant increase in corporate earnings for 2024, with even more substantial growth predicted for 2025. Businesses are grappling with various uncertainties in the...

Stock market update: Wall Street indices decline as another record-setting year comes to a close

Business @USLive - December 31, 2024, 2:39 pm

Stock indices finished mostly lower on Tuesday, marking a downbeat end to another record-breaking year on Wall Street. The S&P 500 slipped from earlier gains, closing down by 0.4%. Despite this...

Performance of Key US Stock Indices on Tuesday, December 31, 2024

Business @USLive - December 31, 2024, 1:39 pm

Stock market indices wrapped up a mostly down day on Wall Street as the year came to a close, marking the end of a period of significant growth. The S&P 500...

US stock exchanges will be closed in tribute to Jimmy Carter on National Day of Mourning

Business @USLive - December 31, 2024, 1:02 pm

NEW YORK — On January 9, U.S. stock markets will be shut down to commemorate the life and legacy of former President Jimmy Carter. This closure aligns with a longstanding tradition on...

Treasury reports significant cyber breach as Chinese hackers gain remote access to workstations and files

Business @USLive - December 31, 2024, 12:14 am

WASHINGTON — According to an announcement from the U.S. Treasury Department, a breach involving Chinese hackers allowed unauthorized remote access to several workstations and unclassified documents. This intrusion occurred after a third-party...

Stock market update: Wall Street dips in the closing stretch of a record-setting year for US equities.

Business @USLive - December 30, 2024, 1:54 pm

U.S. equities ended the day lower on Monday, as a strong year for the markets appeared to potentially conclude on an unsteady note. The S&P 500 index dropped by 1.1%, marking its...

Performance of Key US Stock Indexes on Monday, December 30, 2024

Business @USLive - December 30, 2024, 1:26 pm

Wall Street experienced a downturn as the market appears to be concluding a strong year on an unfavorable note. The S&P 500 ended the day down by 1.1% on Monday. As...

Today’s Stock Market: Wall Street Declines as ‘Magnificent 7’ Pressures Indices

Business @USLive - December 27, 2024, 2:41 pm

NEW YORK — In a broad market downturn, stocks experienced significant declines on Friday, concluding a shorter trading week amid the holiday season. The downturn was exacerbated by noteworthy drops among major...

Janet Yellen warns Congress that the US may reach its debt ceiling by mid-January.

Business @USLive - December 27, 2024, 2:23 pm

WASHINGTON – Treasury Secretary Janet Yellen has notified congressional leaders that her department may need to initiate “extraordinary measures,” which are specialized accounting practices aimed at avoiding a breach of the debt...

Performance of Key US Stock Indexes on Friday, December 27, 2024

Business @USLive - December 27, 2024, 1:20 pm

Wall Street ended a holiday-shortened trading week negatively, with stocks closing lower across major indices. The S&P 500 experienced a decline of 1.1% on Friday, while the Dow Jones Industrial Average fell...

Upcoming Business Week: unemployment claims, mortgage interest rates, and Wall Street’s inaugural trading day of 2025

Business @USLive - December 27, 2024, 12:00 pm

Here’s a preview of important business happenings and economic indicators that will occur in the coming week. **LAYOFFS UPDATE** On Thursday, the Labor Department will announce its weekly report on the number of new...

Stock market update: Wall Street ends on a mixed note amid light trading after the holiday break

Business @USLive - December 26, 2024, 4:01 pm

Stock markets on Wall Street concluded on a somewhat mixed note on Thursday, with heavyweight stocks from the technology and communication sectors counteracting gains observed in other areas of the market. ...

Despite rising prices, holiday spending rose by 3.8% among shoppers

Business @USLive - December 26, 2024, 2:29 pm

This year’s holiday shopping season saw an increase in sales, despite consumers facing higher prices on many essential goods, according to newly released data. From early November up until Christmas Eve,...

Performance of Key US Stock Indexes on Thursday, December 26, 2024

Business @USLive - December 26, 2024, 1:48 pm

Wall Street experienced a mixed outcome on Thursday, with major stock indexes showing varying performance as some leading technology and communications stocks countered gains in other areas of the market. The S&P...

Analyzing the stock market’s surprising performance this year through numerical insights

Business @USLive - December 26, 2024, 11:24 am

NEW YORK — The year 2024 is proving to be remarkable for investors, with U.S. stock markets achieving significant gains and the S&P 500 Index setting new records. The ongoing economic growth...

Jobless benefit applications stabilize as ongoing claims hit a three-year peak

All 50 US States @USLive - December 26, 2024, 5:33 am

In the United States, the number of new applications for unemployment benefits remained stable, indicating a consistent trend in the labor market. Simultaneously, ongoing claims for unemployment assistance have increased, reaching their...

Today’s stock market update: Most Asian stocks decline as the majority of global markets shut down for Christmas.

Business @USLive - December 24, 2024, 10:25 pm

BANGKOK — On Christmas Day, stock prices dipped in both Tokyo and Shanghai, as these were among the few global markets operating on the holiday. Oil prices experienced an increase during...

Stock market update: Wall Street surges in anticipation of Christmas

Business @USLive - December 24, 2024, 11:42 am

On Tuesday, technology stocks spearheaded a significant rally on Wall Street as trading continued in a shortened session in anticipation of Christmas. The S&P 500 increased by 1.1%, marking its third consecutive...

Performance of Key US Stock Indices on Tuesday, December 24, 2024

Business @USLive - December 24, 2024, 10:24 am

Wall Street experienced a positive trading day as stocks climbed in anticipation of the Christmas holiday, with significant contributions from major technology firms. On Tuesday, the S&P 500 index saw an increase...

Today’s stock market update: Wall Street climbs at the beginning of a holiday-reduced week

Business @USLive - December 23, 2024, 2:20 pm

Stocks managed to recover from a shaky start to close higher on Monday as Wall Street began a holiday-shortened trading week. The S&P 500 finished the day up 0.7% after dipping 0.5%...

Performance of Key US Stock Indices on Monday, December 23, 2024

Business @USLive - December 23, 2024, 1:30 pm

Stocks experienced an upward trend on Wall Street as the market opened for a holiday-shortened week. The S&P 500 saw an increase of 0.7% on Monday, bolstered by the performance of...

Nordstrom family and a Mexican retail consortium to purchase Nordstrom for $6.25 billion

Business @USLive - December 23, 2024, 10:07 am

Nordstrom, a century-old department store, has reached an agreement to be acquired and taken private by members of the Nordstrom family in collaboration with a Mexican retail group, in a significant deal...

Conference Board reports a dip in American consumer confidence this December.

Business @USLive - December 23, 2024, 7:34 am

American consumers' confidence has declined as of December, according to a report from a business research organization. The Conference Board announced on Monday that its consumer confidence index dipped to 104.7...

Nordstrom family and El Puerto de Liverpool agree to $6.25 billion purchase of Nordstrom

Business @USLive - December 23, 2024, 5:41 am

In an exciting development for the retail industry, Nordstrom is poised to undergo a significant transition as it prepares to be acquired by the Nordstrom family in conjunction with the Mexican department...

An analyst projects the potential future of the US economy if Trump is re-elected.

Business @USLive - December 23, 2024, 5:40 am

WASHINGTON — President-elect Donald Trump has secured his path back to the White House with bold assertions of transformative economic policy, including significant tax cuts, expansive tariffs on imports, and the mass...

Highlights from Trump’s inaugural rally speech after being elected president

Arizona @USLive - December 22, 2024, 5:01 pm

PHOENIX — President-elect Donald Trump made his way to Arizona on Sunday for his first rally since his victory in the November election. Welcomed by a large crowd of...

One million taxpayers set to receive up to $1,400 from the IRS: Who qualifies and what’s the reason for this payment?

Business @USLive - December 22, 2024, 8:48 am

Approximately 1 million taxpayers can expect to receive special payments of up to $1,400 from the IRS in the weeks ahead. These funds will either be directly deposited into the bank accounts...

Musk contributed to the demise of a congressional funding proposal, yet much of his claims were inaccurate.

Business @USLive - December 20, 2024, 9:52 pm

President-elect Donald Trump’s wealthy supporter, Elon Musk, played a significant role this week in undermining a bipartisan funding bill aimed at preventing a government shutdown. Musk expressed his opposition to the proposal...

Stock market update: Wall Street gains transform a bleak week into a less unfavorable one

Business @USLive - December 20, 2024, 2:38 pm

NEW YORK — U.S. stock markets experienced a positive turn on Friday, transforming what could have been one of the year's most challenging weeks into a less severe downturn. The...

Performance of Key US Stock Indices on Friday, December 20, 2024

Business @USLive - December 20, 2024, 1:25 pm

U.S. stock markets experienced a notable rebound on Friday, transforming what could have been one of the most challenging weeks into a less severe setback. The S&P 500 index increased by...

Federal lawsuit targets JPMorgan, Wells Fargo, and BofA regarding Zelle payment network fraud

Business @USLive - December 20, 2024, 1:04 pm

A federal regulator has initiated a lawsuit against major banks, including JPMorgan Chase, Wells Fargo, and Bank of America, alleging that they neglected to safeguard countless consumers from widespread fraud occurring on...

VW’s wage agreement for 120,000 employees in Germany prevents job losses and plant shutdowns.

Business @USLive - December 20, 2024, 11:39 am

Volkswagen has successfully negotiated a wage agreement with employee representatives that secures jobs for 120,000 German workers until 2030. This agreement, announced on Friday, includes provisions to prevent involuntary layoffs and plant...

Upcoming Week: Retail Sales, New Home Builds, Jobless Claims

Business @USLive - December 20, 2024, 10:56 am

Next week will feature several significant business events and economic indicators worth watching closely. One of the highlights is the weekly retail sales report from Redbook Research, which will be published on...

President-elect Trump allocates nearly $4 billion in Trump Media stock to a trust.

All 50 US States @USLive - December 20, 2024, 8:47 am

Shares of Trump Media and Technology Group experienced a decline during midday trading on Friday, following the announcement that former President Donald Trump had transferred all his shares into a revocable trust,...

Inflation measure favored by Federal Reserve indicates a decrease in price pressures last month

Business @USLive - December 20, 2024, 7:37 am

WASHINGTON – An inflation metric that the Federal Reserve closely monitors saw only a slight increase last month, suggesting that inflationary pressures have started to ease following two months of significant hikes.According...

Preferred inflation measure by Federal Reserve indicates a slowdown in price pressures last month.

All 50 US States @USLive - December 20, 2024, 5:33 am

In a recent report, the Federal Reserve indicated that its favored measure of inflation has shown signs of a decline in price pressures from the previous month. These findings come as...

Trump was set to take over a robust economy, but challenges arose, leading to increased uncertainty.

Business @USLive - December 20, 2024, 4:00 am

Trump's Economic Transition Faces Uncertainty In West Palm Beach, Florida, the economic landscape that Donald Trump was...

Key insights on the debt ceiling discussions amid the impending government shutdown in Washington

Business @USLive - December 19, 2024, 4:37 pm

A contentious discussion regarding the debt ceiling is significantly impacting negotiations surrounding government funding and is bringing Washington closer to a potential federal government shutdown. President-elect Donald Trump has insisted on...

Stock market update: Wall Street closes mostly stable after losing significant morning momentum.

Business @USLive - December 19, 2024, 2:56 pm

NEW YORK — U.S. stock markets witnessed an early surge on Thursday, only to lose momentum as the day progressed, resulting in mostly flat outcomes for the major indexes. The S&P 500...

Performance of Key US Stock Indices on Thursday, December 19, 2024

Business @USLive - December 19, 2024, 1:25 pm

U.S. stock markets experienced a modest recovery at the beginning of the trading session, but this momentum faded by the end of the day, resulting in indexes that remained largely unchanged. On...

Major changes occurring at a leading global frozen French fry manufacturer

Business @USLive - December 19, 2024, 11:09 am

A leading supplier of frozen French fries for popular fast-food chains such as McDonald’s, KFC, and Taco Bell has appointed a new CEO following an unexpected loss in the second quarter. This...

U.S. economy expands at 3.1% rate in Q3, surpassing earlier projections

Business @USLive - December 19, 2024, 6:30 am

WASHINGTON — The United States economy demonstrated a robust expansion, registering a 3.1% annual growth rate from July to September, driven by strong consumer spending and a rise in exports, according to...

Unemployment benefit claims in the US decrease following a significant increase last week.

Business @USLive - December 19, 2024, 5:43 am

The number of Americans seeking unemployment benefits saw a significant drop last week after experiencing a considerable rise the prior week. According to the latest report from the Labor Department, jobless...

US unemployment benefit applications see a notable decrease following last week’s sharp rise

All 50 US States @USLive - December 19, 2024, 5:33 am

WASHINGTON — There has been a notable decrease in the number of Americans seeking unemployment benefits, following a substantial increase seen the previous week. This recent drop suggests a possible stabilization in...

Bank of England maintains UK interest rate at 4.75% following inflation surge

Business @USLive - December 19, 2024, 4:01 am

The Bank of England has decided to maintain the primary interest rate in the United Kingdom at 4.75%, following a recent surge in inflation. This decision comes amidst ongoing economic challenges,...

The Federal Reserve anticipates a gradual reduction in rates for 2025. This may impact mortgages, loans, and other financial areas.

Business @USLive - December 19, 2024, 1:37 am

NEW YORK — The Federal Reserve’s recent decision to implement its third interest rate cut of the year is expected to impact various forms of debt, savings, and borrowing, affecting consumers and...

US markets plummet as Dow drops 1,100 points following Fed’s indication of only 2 rate reductions in 2025.

Business @USLive - December 18, 2024, 4:52 pm

NEW YORK — U.S. stock markets experienced significant declines, marking one of the year's most challenging days. This downturn followed the Federal Reserve's indication on Wednesday that it might implement fewer economic...

Brazil’s currency hits record low amid discussions on Lula’s financial policies.

Business @USLive - December 18, 2024, 3:57 pm

SAO PAULO — On Wednesday, Brazil’s currency, the real, plummeted to its lowest value against the U.S. dollar since its introduction in 1994, largely due to investor dissatisfaction with President Luiz Inácio...

Federal Reserve lowers its main interest rate by 25 basis points but anticipates fewer cuts in the coming year.

Business @USLive - December 18, 2024, 2:31 pm

WASHINGTON — The Federal Reserve has implemented a quarter-point reduction to its benchmark interest rate this Wednesday, marking the third cut within the year. However, it has also indicated a shift toward...

Performance of Key US Stock Indices on Wednesday, December 18, 2024

Business @USLive - December 18, 2024, 1:20 pm

U.S. stock markets experienced a significant decline, marking one of the most substantial drops of the year. This downturn followed the Federal Reserve's indication that the anticipated cuts in interest rates for...

US equities experience second-largest decline of 2023 as optimism for 2025 interest rate reductions wanes; Dow plunges 1,100 points.

Business @USLive - December 18, 2024, 1:01 pm

US stock markets experienced a significant downturn, marking one of the toughest declines of the year. The Dow Jones Industrial Average plunged by 1,100 points, signaling a troubling shift in investor sentiment....

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