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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?

Money & 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%

Money & 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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TikTok announces it’s resuming service for US users following Trump’s expected executive action

Business @USLive - January 19, 2025, 11:49 am

TikTok announced on Sunday that it would resume services for its users in the United States, just hours after the platform temporarily went offline...

The ascent — and possible decline — of TikTok in the United States

Business @USLive - January 18, 2025, 9:34 pm

The prospect of a U.S. ban on TikTok has left both influencers and users in a state of uncertainty throughout the extended discussions among...

As a US TikTok ban looms, Trump indicates he is ‘highly likely’ to approve an extension.

Business @USLive - January 18, 2025, 2:31 pm

The deadline for TikTok to avoid a ban in the U.S. is approaching, but users searching for clear information on the implications have not...

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

Money & 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

Money & 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

Money & 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

Money & 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

Money & 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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TikTok announces it’s resuming service for US users following Trump’s expected executive action

Business @USLive - 2 hours ago

Suspect allegedly ignited blaze at Congressman’s office due to TikTok ban, according to authorities.

All USA Updates Minute by Minute @USLive - 2 hours ago

Coco Gauff declares ‘RIP TikTok USA’ on a camera during the Australian Open

Business @USLive - 3 hours ago

TikTok announces it is working on reinstating service for users in the United States.

Business @USLive - 4 hours ago

Trump urges tech firms to avoid keeping TikTok inactive and plans to sign an executive order on Monday...

All USA Updates Minute by Minute @USLive - 6 hours ago

Trump backs fresh meme cryptocurrency ahead of presidency with pro-crypto plans

Business @USLive - 7 hours ago

What explains the survival of individual houses amidst wildfires? It’s not just a matter of chance.

All USA Updates Minute by Minute @USLive - 7 hours ago

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

Business @USLive - 8 hours ago

Unseasonably high temperatures endanger Epiphany ice plunges for Orthodox Christians in Russia.

Business @USLive - 12 hours ago

In the US, the rise of solar farms is creating job opportunities for thousands of eager sheep.

All USA Updates Minute by Minute @USLive - 16 hours ago

US dismisses Maduro’s reelection in Venezuela while maintaining financial support for his administration.

Business @USLive - 16 hours ago

The ascent — and possible decline — of TikTok in the United States

Business @USLive - 16 hours ago

Numerous Afghans have departed for the US following visa approvals in the Philippines.

Business @USLive - 18 hours ago

TikTok prohibition begins as major app stores remove the popular social video platform from U.S. availability.

All 50 US States @USLive - 18 hours ago

North Carolina’s homeowners insurance base rates expected to rise approximately 15% by mid-2026

All USA Updates Minute by Minute @USLive - 20 hours ago

As a US TikTok ban looms, Trump indicates he is ‘highly likely’ to approve an extension.

Business @USLive - 23 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

Money & 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

Current Update: Trump’s rally kicks off before inauguration

All USA Updates Minute by Minute @USLive - 2 minutes ago

Foreign leaders to attend Trump’s inaugural ceremony for the first time

Elections @USLive - 35 minutes ago

Legacy media faces new challenges with the start of the second Trump administration, yet remains committed to its...

All 50 US States @USLive - 6 hours ago

Highlights to catch at Trump’s inauguration: Leaders from Big Tech, Carrie Underwood, and international dignitaries

Elections @USLive - 9 hours ago

Vance aims to establish himself as the inaugural millennial vice president and a possible representative of MAGA ideals

All 50 US States @USLive - 9 hours ago

Trump’s impact expands across state capitals in both meaningful ways and representation.

All 50 US States @USLive - 23 hours ago

Potential Buyers for TikTok: Limited Number of Serious Bidders

All 50 US States @USLive - 2 days ago

Commerce Secretary Raimondo delivers final critiques of Trump and guidance for Democrats moving forward

Business @USLive - 2 days ago

A SpaceX launch mishap is believed to have resulted from a blaze that released streams of burning debris...

Business @USLive - 2 days ago

Tips for getting ready for a potential TikTok ban, along with ways to back up your content.

Business @USLive - 2 days ago

German Chancellor criticizes Musk’s backing of far-right movements in Europe as ‘totally unacceptable’

International Crisis @USLive - 2 days ago

Progressives express irritation over Biden’s late-term caution regarding billionaire power.

All USA Updates Minute by Minute @USLive - 2 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

Money & 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...

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Highlights to catch at Trump’s inauguration: Leaders from Big Tech, Carrie Underwood, and international dignitaries

Elections @USLive - 9 hours ago

Trump comes back to Washington for festivities before the inauguration.

US Live Politics @USLive - 19 hours ago

Commerce Secretary Raimondo delivers final critiques of Trump and guidance for Democrats moving forward

Business @USLive - 2 days ago

Tips for getting ready for a potential TikTok ban, along with ways to back up your content.

Business @USLive - 2 days ago

Biden administration will not implement TikTok ban, official claims, putting app’s future in Trump’s hands

All 50 US States @USLive - 2 days ago

While Biden cautions about an ‘oligarchy,’ Trump will be supported by tech moguls during his swearing-in ceremony.

Business @USLive - 3 days ago

Biden cautions that the US is at risk of turning into an ‘oligarchy.’ What does this term signify?

Business @USLive - 3 days ago

Jeff Bezos’ New Glenn rocket successfully achieves orbit during inaugural test flight

All USA Updates Minute by Minute @USLive - 3 days ago

Jeff Bezos’s Blue Origin rocket blasts off to challenge SpaceX

All USA Updates Minute by Minute Anna Karolina Heinrich - 3 days ago

Blue Origin, founded by Jeff Bezos, conducts inaugural test flight of its impressive new rocket from Florida.

All USA Updates Minute by Minute @USLive - 4 days ago

Biden cautions in his farewell speech that a wealthy elite in the US poses a risk to the...

Business @USLive - 4 days ago

Jeff Bezos’ aerospace firm makes another attempt to launch its large new rocket following a delay at the...

Business @USLive - 6 days ago

Jeff Bezos’ space company postpones New Glenn rocket debut minutes before launch

All USA Updates Minute by Minute Herbert Bauernebel - 6 days ago

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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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...

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....

wall street LIVE

Trump backs fresh meme cryptocurrency ahead of presidency with pro-crypto plans

Business @USLive - 7 hours ago

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

Business @USLive - 2 days ago

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

Business @USLive - 2 days ago

Starbucks to Implement Job Cuts in Strategy for Recovery

Business @USLive - 2 days ago

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

Business @USLive - 2 days ago

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

Business @USLive - 2 days ago

Federal Reserve announces exit from climate change group.

Business @USLive - 2 days ago

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

Business @USLive - 2 days ago

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

Business @USLive - 2 days ago

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

Business @USLive - 2 days ago

Capital One facing service interruptions primarily affecting deposit transactions

Business @USLive - 2 days ago

Market Update: Wall Street dips as US stocks lose momentum

Business @USLive - 3 days ago

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

Business @USLive - 3 days ago

news of the week

Trump backs fresh meme cryptocurrency ahead of presidency with pro-crypto plans

Business @USLive - January 19, 2025, 7:13 am

President-elect Donald Trump has recently introduced a new cryptocurrency token that is experiencing a significant surge in value, potentially enhancing his financial portfolio just ahead of his inauguration. This move continues Trump’s...

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

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...

Starbucks to Implement Job Cuts in Strategy for Recovery

Business @USLive - January 17, 2025, 2:09 pm

Starbucks announced on Friday that it will undergo an unspecified number of layoffs as part of a restructuring process aimed at its corporate workforce. In a correspondence directed at employees, Starbucks'...

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.

All USA Updates Minute by Minute @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.

All USA Updates Minute by Minute @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.

All USA Updates Minute by Minute @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

All USA Updates Minute by Minute @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

All USA Updates Minute by Minute @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

All USA Updates Minute by Minute @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.

All USA Updates Minute by Minute @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....

Federal Reserve lowers key interest rate by 0.25% but predicts limited cuts in the upcoming year

Business @USLive - December 18, 2024, 11:01 am

In a recent development, the Federal Reserve has made a significant adjustment to its crucial interest rate, lowering it by a quarter-point. This decision reflects a strategic move aimed at navigating the...

Poll Reveals Comparable Public Perceptions of Musk and Trump Among Americans, According to AP-NORC

Business @USLive - December 18, 2024, 9:09 am

WASHINGTON — Dressed in a tuxedo and black tie, Elon Musk confidently addressed attendees at President-elect Donald Trump's Mar-a-Lago resort shortly after the election. His demeanor reflected the spirit of triumph typically...

Ways to Take Advantage of Tax-Loss Selling in 2023

Business @USLive - December 18, 2024, 8:01 am

The U.S. market has experienced an impressive gain of over 25% year-to-date as of mid-December 2024, indicating a solid market performance. This trajectory, however, may not seem to favor tax-loss selling, a...

Nissan’s stock soars 22% following confirmation of merger discussions with Honda.

Business @USLive - December 17, 2024, 7:34 pm

Nissan Motor's stock experienced a significant rise of 22% following the announcement that the company is in discussions regarding a potential merger with Honda. This news has sparked considerable interest in the...

Market Update: Wall Street reduces impressive gains as Nvidia’s performance drops once more

Business @USLive - December 17, 2024, 2:35 pm

U.S. stock markets experienced a retreat on Tuesday, easing some of the substantial gains accumulated throughout the year. The S&P 500 index fell by 0.4%, even though it remains close to...

Retail sales increased steadily last month, indicating a positive outlook for the US economy.

Business @USLive - December 17, 2024, 2:13 pm

Consumers increased their retail spending last month, providing a positive impact on the economy as the winter holiday shopping season kicks off. According to reports from the Commerce Department, retail sales saw...

Performance of Key US Stock Indices on Tuesday, December 17, 2024

Business @USLive - December 17, 2024, 1:15 pm

U.S. stock markets concluded the day with declines, partially shedding some of the impressive gains they have achieved throughout the year. The S&P 500 dipped by 0.4% on Tuesday, yet remains close...

US retail sales saw a significant increase last month, reflecting positive signs for the economy’s stability.

All USA Updates Minute by Minute @USLive - December 17, 2024, 5:33 am

In Washington, recent data indicates that retail sales experienced a significant increase last month, which serves as a positive indication of the resilience of the US economy. This upward trend in consumer...

Today’s stock market: Nasdaq reaches all-time high while Wall Street moves forward before Federal Reserve’s gathering

Business @USLive - December 16, 2024, 2:11 pm

NEW YORK — On Monday, U.S. stock markets exhibited mixed performances as investors awaited the Federal Reserve's upcoming meeting, which is set to influence Wall Street's trajectory into the next year. ...

Performance of Key US Stock Indices on Monday, December 16, 2024

Business @USLive - December 16, 2024, 1:29 pm

U.S. stock markets experienced a day of mixed results as investors await an important Federal Reserve meeting scheduled later this week. This meeting is anticipated to significantly influence Wall Street’s trajectory moving...

Mexican authorities enforce a decade-long special regulation on Walmart’s subsidiary.

Business @USLive - December 16, 2024, 12:56 pm

MEXICO CITY — On Monday, Mexico's competition regulators placed specific conditions on Walmart's Mexican branch that will last for a decade due to allegations of supplier pressure. This decision arrives in...

Federal Reserve expected to moderate rate reductions amid persistent inflation concerns.

Business @USLive - December 16, 2024, 9:11 am

WASHINGTON — Individuals in the United States looking for reduced borrowing expenses for mortgages, credit cards, and auto loans may end up feeling frustrated following the recent Federal Reserve meeting. The Fed...

Honeywell considers divesting its aerospace sector, in light of recent separations by other American conglomerates.

Business @USLive - December 16, 2024, 6:20 am

Honeywell has announced the possibility of spinning off its aerospace division, leading to a more than 2% rise in its shares ahead of Monday's market opening. This development comes about a...

Trump welcomes Apple CEO at Mar-a-Lago as tech executives expand engagement with the incoming president.

All USA Updates Minute by Minute @USLive - December 13, 2024, 5:57 pm

WEST PALM BEACH, Fla. — On Friday evening, Donald Trump welcomed Apple CEO Tim Cook for dinner at his Mar-a-Lago resort, as reported by a source familiar with the situation who spoke...

Walmart’s Mexican division intends to challenge a $4.6 million penalty for purported anti-competitive behavior.

Business @USLive - December 13, 2024, 2:48 pm

MEXICO CITY — Walmart's subsidiary in Mexico announced on Friday its intention to contest a fine totaling $4.6 million, which stems from allegations of engaging in anti-competitive practices with its suppliers. ...

Today’s stock market update: Wall Street concludes with mixed results following a turbulent week.

Business @USLive - December 13, 2024, 2:04 pm

On Wall Street, major stock indexes finished the week with a mixed outcome, highlighting a relatively unstable period for the market. The S&P 500 concluded nearly unchanged, with a slight decrease...

Performance of Key US Stock Indices on Friday, December 13, 2024

Business @USLive - December 13, 2024, 1:19 pm

Stock market indices finished the week with mixed results in a somewhat turbulent trading session. The S&P 500 concluded Friday's trading virtually unchanged, having reached a series of all-time highs...

Upcoming Week: Retail sales report, Federal Reserve policy announcement, existing home sales data

Business @USLive - December 13, 2024, 9:44 am

Upcoming business and economic developments are set to take center stage this week, with several key reports on the horizon. **Retail Sales Monitoring** The U.S. Commerce Department is scheduled to...

Banking associations file lawsuit against the Consumer Financial Protection Bureau regarding suggested limits on overdraft charges.

Business @USLive - December 13, 2024, 9:13 am

Several banking institutions and trade organizations have initiated legal action against the Consumer Financial Protection Bureau (CFPB) in response to a newly established regulation aimed at capping the overdraft fees banks are...

Musk claims the US is requiring him to pay fines related to his Twitter stock acquisition disclosures.

Business @USLive - December 13, 2024, 9:02 am

DETROIT — Elon Musk has indicated that the Securities and Exchange Commission (SEC) is requesting that he either pay a financial penalty or confront legal action regarding his disclosures—or lack thereof—related to...

A US Navy vessel is set to dock in Cambodia for the first time in eight years, as the nation maintains...

Business @USLive - December 13, 2024, 6:47 am

PHNOM PENH, Cambodia — A notable event is set to unfold next week as a U.S. Navy warship is scheduled to make a port visit in Cambodia, an ally of China in...

Today’s stock market update: Wall Street’s surge pauses as Nasdaq retreats from its peak

Business @USLive - December 12, 2024, 2:12 pm

NEW YORK — On Thursday, U.S. stock markets experienced a downturn, influenced by some potentially troubling economic indicators. The S&P 500 index declined by 0.5%, marking its fourth drop within the...

Performance of Key US Stock Indices on Thursday, December 12, 2024

Business @USLive - December 12, 2024, 1:25 pm

U.S. stock exchanges experienced a downturn as some economic data raised concerns among investors. On Thursday, the S&P 500 index decreased by 0.5%, marking its third decline in four days. The...

From a decade-old child to a Muppet character to an incoming president, NYSE bell-ringers encompass a mix of renowned and lesser-known...

All USA Updates Minute by Minute @USLive - December 12, 2024, 12:47 pm

The New York Stock Exchange (NYSE) has a rich tradition of notable figures ringing the opening bell, a practice that began back in 1956. Interestingly, the inaugural bell ringer was not a...

30-year mortgage rates drop to 6.6%, marking the third consecutive week of decreases.

Business @USLive - December 12, 2024, 12:44 pm

The average interest rate for a 30-year mortgage in the United States has decreased for the third consecutive week, bringing some relief to potential homebuyers during a period that usually sees reduced...

Trump honored as Time’s Person of the Year and opens the New York Stock Exchange bell ceremony.

All USA Updates Minute by Minute @USLive - December 12, 2024, 8:49 am

NEW YORK — On Thursday, President-elect Donald Trump had the honor of ringing the opening bell at the New York Stock Exchange, marking a significant milestone as this was his first time...

Wholesale inflation in the US rose in November, indicating ongoing high price pressures.

Business @USLive - December 12, 2024, 6:08 am

In the United States, wholesale prices experienced a notable increase last month, indicating that inflationary pressures still exist in the economy, although these pressures have diminished compared to the peak...

Jobless benefit claims in the US rise to a two-month peak, yet levels stay relatively low.

Business @USLive - December 12, 2024, 5:33 am

WASHINGTON — Recent data shows that applications for unemployment benefits in the United States have surged to their highest levels in two months. Nevertheless, the figures are still considered to be relatively...

November saw a rise in US wholesale inflation, indicating persistent price pressures.

All USA Updates Minute by Minute @USLive - December 12, 2024, 5:33 am

Wholesale inflation in the United States saw an increase in November, indicating that certain price pressures continue to be significant. This rise has raised concerns among economists and market analysts who are...

European Central Bank reduces interest rates by 25 basis points due to worries over sluggish growth and effects of Trump’s trade...

Business @USLive - December 12, 2024, 5:16 am

FRANKFURT, Germany — The European Central Bank has made the decision to reduce interest rates by 0.25 percentage points. This move comes in response to increasing worries about sluggish economic growth across...

Nissan in Japan reorganizes leadership to address its unprofitable operations.

Business @USLive - December 11, 2024, 7:50 pm

TOKYO — In a significant management overhaul aimed at revitalizing its operations, Nissan has appointed Jeremie Papin, who was previously responsible for the company's U.S. operations, as its new chief financial officer....

Market Update: Wall Street Bounces Back as Nasdaq Surpasses 20,000 Mark

Business @USLive - December 11, 2024, 2:15 pm

U.S. stock markets experienced a resurgence on Wednesday, following a fresh report on inflation that seems to pave the way for additional support for the economy from the Federal Reserve. ...

Albertsons files lawsuit against Kroger for not securing approval for their planned grocery store merger.

Business @USLive - December 11, 2024, 1:59 pm

The ambitious merger plan between Kroger and Albertsons, which was set to become the most extensive supermarket consolidation in U.S. history, collapsed on Wednesday. Albertsons has withdrawn from the proposed $24.6 billion...

Donald Trump set to ring NYSE opening bell following his selection as Time’s Person of the Year

All USA Updates Minute by Minute @USLive - December 11, 2024, 1:38 pm

NEW YORK — Donald Trump, leveraging his persona as a prominent New York business figure, has transitioned into a celebrated celebrity, a reality TV icon, and eventually, the presidency. This Thursday, he...

Performance of Key US Stock Indices on Wednesday, December 11, 2024

Business @USLive - December 11, 2024, 1:22 pm

Wall Street experienced a rebound as fresh inflation data suggested that the Federal Reserve might provide additional support to the economy. On Wednesday, the S&P 500 rose by 0.8%, halting a two-day...

Macy’s enhances financial oversight following employee’s concealment of a $151 million error.

All USA Updates Minute by Minute @USLive - December 11, 2024, 11:27 am

NEW YORK — Macy's announced on Wednesday that it has implemented stricter internal financial accounting protocols following an investigation into an employee who concealed $151 million in delivery costs over nearly three...

US inflation rose slightly last month amid ongoing price challenges.

Business @USLive - December 11, 2024, 11:02 am

Inflation in the United States experienced a slight uptick last month, primarily driven by rising costs of used vehicles, accommodation, and grocery items. The consumer price index rose by 2.7% in November...

Supreme Court permits class action lawsuit by investors against chip manufacturer Nvidia

Business @USLive - December 11, 2024, 10:16 am

The Supreme Court has permitted a class-action lawsuit against Nvidia to move forward, accusing the company of misleading investors regarding its historical reliance on sales of computer chips for volatile cryptocurrency mining....

Trump promises faster permits for $1B US investment, yet challenges remain

Business @USLive - December 10, 2024, 3:35 pm

President-elect Donald Trump has announced plans to fast-track federal permits for energy and construction projects exceeding $1 billion. However, this initiative may face various regulatory and legislative obstacles, particularly from a significant...

Stock market today: Wall Street drifts as it waits for inflation data

Wallstreet Herbert Bauernebel - December 10, 2024, 2:46 pm

Wall Street remained calm Tuesday as investors looked ahead to the week’s pivotal moment: Wednesday’s inflation report. U.S. stock indexes barely moved, with the S&P 500 staying virtually flat in afternoon trading,...

Stock market update: Wall Street experiences uncommon consecutive losses

Business @USLive - December 10, 2024, 2:05 pm

NEW YORK — On Tuesday, U.S. stock indices experienced a slight decline as investors braced for an important inflation report scheduled for release on Wednesday. The S&P 500 fell by 0.3%,...

Biden admits he was ‘foolish’ for not signing pandemic relief payments as Trump did

Business @USLive - December 10, 2024, 1:58 pm

WASHINGTON — President Joe Biden expressed on Tuesday that he regretted not putting his name on pandemic relief checks back in 2021, stating that it was an oversight not to follow the...

Performance of Key US Stock Indices on Tuesday, December 10, 2024

Business @USLive - December 10, 2024, 1:17 pm

U.S. stock markets experienced a slight decline as investors awaited the key inflation report, anticipated to be released later in the week. On Tuesday, the S&P 500 index fell...

Morgan Stanley Smith Barney agrees to $15 million fine to resolve SEC allegations

Business @USLive - December 10, 2024, 8:09 am

Morgan Stanley Smith Barney (MSSB) has agreed to settle with the Securities and Exchange Commission (SEC) by paying a penalty of $15 million in connection to a case involving four financial advisors...

Nvidia shares fall as China launches investigation into potential anti-monopoly law breaches by the AI chipmaker.

Business @USLive - December 9, 2024, 7:55 pm

Shares of Nvidia experienced a decline on Monday following the announcement from China that it is investigating the prominent U.S. microchip manufacturer for potential breaches of the country's anti-monopoly regulations. In...

Haitian gang chief charged with killing elderly for revenge over son’s murder

Business @USLive - December 9, 2024, 4:56 pm

PORT-AU-PRINCE, Haiti — A gang leader in control of a vital port in the Haitian capital has been accused of orchestrating a massacre that targeted the elderly and Vodou religious figures in...

US job market rebounded in November with 227,000 new positions added after October’s decline.

Business @USLive - December 6, 2024, 8:00 am

Washington - The job market in the United States saw a notable improvement in November, with an addition of 227,000 jobs, marking a significant recovery from the previous month that was influenced...

Nvidia pulls Wall Street down from its peaks as oil and gold prices increase today.

Business @USLive - December 9, 2024, 2:13 pm

NEW YORK — Monday’s downturn in Nvidia stocks interrupted Wall Street's significant upswing, leading to a decline in U.S. stock indexes from their record peaks. The S&P 500 index fell 0.6%,...

Omnicom and Interpublic to merge into a $30 billion marketing giant in NYC

Business @USLive - December 9, 2024, 7:55 am

Omnicom has announced its acquisition of Interpublic Group in a stock-for-stock transaction that will establish the largest advertising agency globally, boasting nearly $26 billion in combined annual revenue. Although the company...

Performance of Key US Stock Indices on Monday, December 9, 2024

Business @USLive - December 9, 2024, 1:22 pm

The U.S. stock market experienced a downturn, influenced largely by a decline in the shares of tech powerhouse Nvidia, which contributed to a pullback from record highs. On Monday, the S&P...

Wall Street: Stocks hit more records before the weekend, Bitcoin stays over record $100,000

Wallstreet Tamara Fellner - December 6, 2024, 2:35 pm

U.S. stocks rose to records after data suggested the job market remains solid enough to keep the economy going, but not so strong that it raises immediate worries about inflation. The S&P...

Performance of Key US Stock Indices on Friday, December 6, 2024

Business @USLive - December 6, 2024, 1:20 pm

U.S. equities reached new heights following reports indicating that the labor market remains robust enough to support economic growth, while not overly strong to trigger immediate inflation concerns. The S&P 500 saw...

Upcoming Week: small business metrics, consumer price index, producer price index

Business @USLive - December 6, 2024, 11:00 am

This week is significant for various business events and economic indicators that will offer insights into the current state of the economy. One of the highlights is the release of the...

Chipotle to increase US prices following commitment to larger servings

Business @USLive - December 6, 2024, 10:07 am

Chipotle is set to implement a price increase across its U.S. locations in response to ongoing inflation and its commitment to enhance portion sizes. Laurie Schalow, the chief corporate affairs...

Today’s stock market update: Asian shares show varied performance following a decline on Wall Street as a crucial US employment report...

Business @USLive - December 5, 2024, 9:15 pm

Asian stock markets exhibited a mixed performance on Friday, following a decline on Wall Street from its recent record highs as investors geared up for a crucial U.S. jobs report expected later...

El Salvador’s leader celebrates victory as his bitcoin gamble pays off

Business @USLive - December 5, 2024, 2:17 pm

SAN SALVADOR, El Salvador — With bitcoin hitting unprecedented levels and exceeding $100,000 for the first time, President Nayib Bukele expressed his satisfaction on Thursday regarding his gamble on the cryptocurrency. ...

Wall Street today: Bitcoin surges over $100,000, stocks miss new records

Wallstreet amadeus2024 - December 5, 2024, 1:41 pm

The rally in U.S. stocks lost steam on Thursday as Wall Street awaited Friday's pivotal jobs report. Meanwhile, the crypto market saw heightened activity, with Bitcoin briefly surging to a record high...

Performance of Key US Stock Indices on Thursday, December 5, 2024

Business @USLive - December 5, 2024, 1:22 pm

U.S. stock indices experienced a decline as they edged away from their record highs ahead of a significant jobs report expected on Friday. On Thursday, the S&P 500 dipped by 0.2% after...

Bitcoin skyrockets as new government welcomes cryptocurrency, transforming from outsider to mainstream.

Business @USLive - December 5, 2024, 9:53 am

NEW YORK — Emerging from the remnants of the 2008 global financial crisis, bitcoin was introduced at a time when public trust in the financial system and government safeguards had diminished significantly....

Elon Musk and Vivek Ramaswamy are introducing Trump’s DOGE to Congress.

Business @USLive - December 5, 2024, 7:20 am

```html Capitol Hill Hosts DOGE Discussion On Thursday, high-profile figures Elon Musk and Vivek Ramaswamy will gather on Capitol Hill for private discussions with lawmakers regarding President-elect Donald Trump's ambitious...

OPEC+ oil producers delay boosting output amid stagnant crude oil prices

Business @USLive - December 5, 2024, 5:34 am

In Frankfurt, Germany, a recent gathering of the OPEC+ oil producers' coalition has resulted in a decision to defer any plans for increasing oil production. This strategic choice comes in the wake...

OPEC+ oil coalition encounters flat crude prices as American motorists benefit from lower gasoline costs

Business @USLive - December 5, 2024, 3:07 am

FRANKFURT, Germany — On Thursday, the OPEC+ coalition of oil-producing nations is set to deliberate on the possibility of delaying its plans to increase crude oil production due to several factors, including...

Wall Street celebrates like it’s 1998 as AI drives unmatched growth reminiscent of the dot-com boom.

Business @USLive - December 5, 2024, 3:00 am

NEW YORK — As 2024 approaches its conclusion, the S&P 500 is poised to achieve an impressive gain of nearly 27%, having reached 50 record highs within the year. This marks an...

Potential Conflicts Between Trump and the Federal Reserve in the Upcoming Years

Business @USLive - December 5, 2024, 12:00 am

WASHINGTON — Following his election campaign, President-elect Donald Trump pledged that his financial policies would help lower borrowing rates and ease the monetary strain on American families. However, many economists predict...

Today’s stock market update: Bitcoin reaches $100,000 while most Asian stocks rise

Business @USLive - December 4, 2024, 8:20 pm

TOKYO — Bitcoin achieved a milestone by exceeding $100,000 for the first time ever, as most Asian stock markets experienced gains on Thursday, influenced by a record surge in Wall Street markets....

Bitcoin surges past $100,000 amid ongoing rally fueled by Trump’s election victory.

Business @USLive - December 4, 2024, 7:15 pm

NEW YORK — Bitcoin has surpassed the $100,000 threshold, fueled by a significant surge in the leading cryptocurrency that has been linked to Donald Trump's recent election victory. This achievement was marked...

Bitcoin surpasses $100,000 for the first time amid a significant surge following Trump’s selection of a cryptocurrency supporter to head the...

All USA Updates Minute by Minute @USLive - December 4, 2024, 6:56 pm

Bitcoin has surged past the $100,000 mark for the first time, marking an unprecedented milestone in the world of cryptocurrency. This significant increase comes amid a broader rally that has captured the...

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