Bond yields continue to slip ahead of key jobs report
[ad_1] Bond yields declined on Friday, ahead of labor market data that could show whether the Federal Reserve will be able to slow down the pace of rate hikes. What’s…
Bill Ackman on Sam Bankman-Fried: I think he’s telling the truth
[ad_1] Sam Bankman-Fried has convinced at least one person with his media tour following the collapse of the cryptocurrency exchange FTX — the hedge-fund manager Bill Ackman. Bankman-Fried has spoken…
Howard Stern slams Oprah for ‘showing off her wealth’ while many people struggle
[ad_1] “‘I don’t think that people should show off their wealth.’” Shock jock Howard Stern has a few choice words when it comes to Oprah Winfrey and her considerable riches. …
Cyber Monday sales on track to set new record, topping $11 billion
[ad_1] Cyber Monday shopping is set to break records with more than $11 billion spent online in a single day, according to Adobe Inc. ADBE, -1.59%, as big discounts gave…
Elon Musk claims Apple is threatening to remove Twitter from App Store
[ad_1] Elon Musk said Apple Inc. AAPL, -2.63% is threatening to remove Twitter Inc. from its App Store and criticized the tech giant for what he called censorship. He also…
Activision stock looks undervalued with or without a Microsoft deal, says analyst
[ad_1] Activision Blizzard Inc.’s stock price has been swept up in the speculation around whether Microsoft Corp. will gain regulatory clearance for its $69 billion deal for the videogame publisher,…
As COVID cases rise, China locks down despite criticism
[ad_1] The COVID-19 restrictions are at the heart of the unrest in China as the country grapples with a rising number of infections after years of quarantine policies. CNN reports…
After 2 years, container-ship backlog at Southern California ports is over
[ad_1] Officials declared an end to the backup of ships at Southern California’s ports more than two years after vessels began lining up in weekslong queues that became one of…
Matthew McConaughey reportedly joins Bezos, Jay-Z Commanders bid
[ad_1] Jeff Bezos’ bid for the Washington Commanders just got a lot cooler. Matthew McConaughey is joining the potential ownership group led by Bezos and Jay-Z to buy the NFL team from beleaguered owner Dan…
Walgreens subsidiary nears $9 billion deal to merge with Summit Health
[ad_1] A unit of Walgreens Boots Alliance Inc. WBA, +3.72% is nearing a deal to combine with a big owner of medical practices and urgent-care centers in a transaction worth roughly $9…
Twitter reportedly delays rollout of new blue-checkmark system until after midterm elections
[ad_1] Twitter Inc. will delay its launch of its new blue-checkmark system until after the midterm elections, according to a new report. The new plan for Twitter Blue, unveiled Saturday,…
Former MoviePass execs charged with securities fraud as prosecutors allege duo lied to investors, knew ticket scheme was a gimmick
[ad_1] There really is no such thing as a free ticket. The former chairman and chief executive of MoviePass have been charged with criminal securities fraud for allegedly lying about…
Consumer spending climbs again — even after adjusting for high inflation
[ad_1] The numbers: Consumer spending rose 0.6% in September as Americans spent more on travel and new cars, signaling the economy was still expanding even as inflation and rising interest…
The IRS is stretching out penalty relief for Hurricane Ian victims who still need to file overdue 2019, 2020 tax returns
[ad_1] Hurricane Ian victims in Florida, North Carolina and South Carolina are still trying to get their bearings after last month’s epic wind, water and flooding caused billions of dollars…
Macy’s, Nordstrom lower outlooks as consumer spending expected to slow
[ad_1] Macy’s Inc. and Nordstrom Inc. became the latest retailers to lower their financial goals for the year, citing risks of a steeper economic downturn and slowdown in consumer spending. Macy’s M, +4.00%, the biggest U.S.…
Dow futures climb nearly 200 points, helped by U.K. bond turmoil easing
[ad_1] U.S. stock futures advanced on Monday, helped by receding turbulence in the U.K. bond market as earnings season continues. What’s happening Futures on the Dow Jones Industrial Average YM00,…
The IRS wants you to get your stimulus check and child tax credit cash if you haven’t claimed it — here’s what to look for
[ad_1] The Internal Revenue Service is mailing letters to households that could potentially get money from boosted child tax credit payments and the third stimulus check — if only they…
Sam Bankman-Fried says he’s a ‘scaled down’ J.P. Morgan of the crypto industry
[ad_1] J.P. Morgan is famous for his organization of bank bailouts in the wake of the 1907 financial panic — a display of financial might that led lawmakers to create…
Infosys stock climbs on strong second-quarter results, boosted by digital revenue
[ad_1] Infosys’ stock rose more than 6% on Thursday, boosted by the Indian tech giant’s strong second-quarter results. The digital services and consulting company reported revenue of $4.56 billion, a…
$568 million theft from Binance blockchain just one of many cross-chain hacks this year
[ad_1] Cryptocurrency exchange Binance temporarily halted its blockchain network after $568 million worth of cryptocurrency was stolen off the platform. The exploit occurred on a bridge between blockchains and hackers…
Shrinking U.S. trade deficit to turn GDP positive again
[ad_1] The numbers: The trade deficit fell in August to a 15-month low of $67.4 billion, paving the way for a resumption of growth in U.S. gross domestic product in…
U.K. pensions regulator pushed funds into derivatives strategy that prompted Bank of England rescue
[ad_1] The derivatives-based investment strategy that tipped the U.K.’s pension sector into crisis started with good intentions: Help companies fulfill promises they made to employees to pay a steady income…
Icahn, other big-name investors clean up on Elon Musk’s Twitter reversal
[ad_1] Elon Musk’s decision to end his war with Twitter Inc. isn’t just a big win for the social-media company, but also for some big-name investors like Carl Icahn. Icahn quietly amassed a Twitter TWTR, +22.24%…
White House prepping new export restrictions for semiconductors
[ad_1] The Biden administration is preparing new export controls on semiconductors and the machines to make them, the latest push in its effort to deny China the ability to make…
Justice Department wants its appeal in Trump documents case to be fast tracked
[ad_1] The Justice Department is seeking to fast-track its appeal of a ruling that delayed its investigation into documents seized at former President Donald Trump’s Mar-a-Lago home, making clear that prosecutors aren’t done challenging…