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The Latest Breaking News on Business

Average rate on 30-year mortgage hits 6.6%, its third straight weekly decline

The average rate on a 30-year mortgage in the U.S. has eased for the third week in a row

The Independent UK

"Willful breach": Albertsons sues Kroger

Albertsons has accused Kroger of sabotaging their $25 billion deal

Salon

Kroger-Albertsons Merger Halted by the Federal Trade Commission

The Federal Trade Commission's antitrust action does not benefit grocery shoppers.

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

Is Centene Stock Underperforming the Nasdaq?

Despite Centene’s recent underperformance relative to Nasdaq, Wall Street analysts remain moderately optimistic about the stock’s prospects.

Barchart

Leaked Email to United Health Group Staff Enrages Internet As CEO Praises Brian Thompson As 'One of the Good Guys'

UnitedHealth Group CEO Andrew Witty sent company email calling Brian Thompson "one of the good guys," sending the internet into a rage.

Latin Times

US Wholesale Prices Rise, Indicating Lingering Inflation Pressures

Recent data shows a rise in wholesale costs in the US, driven by food prices, indicating persistent inflationary pressures.

Top News

Don't Get Scammed This Holiday Season: Your Guide To Spot Package Delivery Scams

One in five American adults who encountered online scams ended up losing money, making it crucial to follow tips to avoid falling for delivery scams.

International Business Times

Nvidia In Hot Seat As Supreme Court Dismisses Appeal In Crypto Lawsuit

The U.S. Supreme Court dismissed the appeal of Nvidia to avoid a securities fraud suit.

International Business Times

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The Guardian - US

General Motors pulls plug on Cruise, its self-driving robotaxi company

The company said it would no longer fund the venture and will prioritize Super Cruise, its driver assistance program

Salon

Why the GOP hates this consumer agency

Elon Musk is leading another effort to "delete" the CFPB. It's complicated.

The Independent UK

US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products

The Biden administration has announced it is raising tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses

The Independent UK

Japan's Nissan reshuffles management to fix its money-losing business

Embattled Japanese automaker Nissan has tapped Jeremie Papin as its chief operating officer in a major management reshuffle billed as key to a turnaround

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The Conversation

A Meta outage hit Facebook, Instagram, WhatsApp and more. Here’s what we know so far

A major outage is affecting users of popular social media and messaging services including Facebook, Instagram and WhatsApp around the globe. All these platforms are run by the social media giant Meta.

The Street

Macy's sits on gold and shareholders are angry

A Macy's employee makes a desperate move and angry shareholders claim the company sits on valuable assets.

The Conversation

What’s next for Albertsons after calling off its $25B grocery merger with Kroger: More lawsuits

Albertsons announced on Dec. 11, 2024, that it had called off an attempted merger with Kroger and would sue Kroger for breach of contract. The US$25 billion deal, first announced in 2022, would have combined Cincinnati-based Kroger, already the largest traditional U.S. supermarket chain, with Boise, Idaho-based Albertsons, which is…

Tom’s Guide

Facebook and Instagram were down — latest updates on massive outage

A number of Meta services suddenly went down including Instagram and Facebook.

The Conversation

23andMe’s struggles are a sign that direct-to-consumer DNA testing needs stronger oversight

23andMe, a major company providing direct-to-consumer genetic testing, has been struggling financially since late 2023. In September 2024, the company’s stock hit a rock-bottom of US$0.30, down 96 per cent from its peak share price of US$17.65 in 2021.

The Street

Embattled oil company files for Chapter 11 bankruptcy

The oil services company files for Chapter 11 protection to hand 100% of its equity to its prepetition secured lenders.

Investors Business Daily

GM Falls Despite Robotaxi U-Turn. A Self-Driving Car Rival Soars.

GM exited Cruise robotaxis after sinking $10 billion into their development.

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People

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