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The Latest Breaking News on Business

Tesla Cybertrucks Are Piling Up On Used Car Lots

The Tesla Cybertruck was America’s best-selling electric pickup in the second quarter of 2024, the third-best-selling EV in the country in Q3, and the best-selling vehicle costing over $100,000 in the first half of the year. However, after starting the year strong, interest in the radical-looking stainless steel electric truck…

InsideEVs

Dollar Falls Sharply on Dovish US PCE Inflation Report

The dollar index (DXY00 ) on Friday edged to a new 2-year high but then fell back and ended the day down -0.72%. The dollar was undercut by the US PCE deflator report, which was dovish for Fed policy and caused weaker US interest rate differentials with the 10-year T-note...

Barchart

Party’s over: Popular chain is closing after 40 years and shuttering stores across the US

Party City employs more than 16,000 people across the country

The Independent UK

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Amazon Expects No Disruptions As US Strike Goes Into 2nd Day

A US strike targeting Amazon in the peak festive period extended into a second day Friday as the retail behemoth said the labor action would not affect its business.

International Business Times

Big banks sued for alleged Zelle fraud

The federal government says the banks failed to investigate cases and reimburse consumers

Salon

Huntington Bancshares Stock: Is HBAN Outperforming the Financial Sector?

Huntington Bancshares has outperformed the financial sector recently, and analysts remain moderately optimistic about the stock’s prospects.

Barchart

Is Warner Bros. Discovery Stock Outperforming the Dow?

Warner Bros. Discovery has recently outperformed the Dow, and analysts remain moderately optimistic about the stock’s prospects.

Barchart

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Jimmy Buffett's cruise line in talks for a new homeport

Margaritaville at Sea would need to add a third ship to its fleet to expand into a a port that's looking to add a second cruise line.

The Street

How shoppers can get their hands on Big Lots ‘going out of business’ sales

Big Lots initially filed for Chapter 11 bankruptcy in September

The Independent UK

Dollar Falls on Dovish US PCE Inflation Report

The dollar index (DXY00 ) today edged to a new 2-year high but then fell back and is currently down -0.32%. The dollar was undercut by the US PCE deflator report, which was dovish for Fed policy and caused weaker US interest rate differentials with the 10-year T-note yield down...

Barchart

Bitcoin slumps as Fed signals caution

Bitcoin dropped from record highs after Jerome Powell said the Federal Reserve is "not allowed" to own it

Salon

Fed's Inflation Gauge Shows Cooling Price Pressures

Recent data shows minimal inflation growth, prompting Fed to reduce rate cuts while supporting economic growth through strategic monetary policy adjustments.

Top News

Haliey Welch Finally Releases Statement On Hawk Tuah Memecoin Scandal—Here's Who Investors Are Suing

Plaintiffs claimed the Hawk Tuah team converted the Tuah Foundation into an off-shore entity before selling 17% of the token supply to several people.

International Business Times UK

PulteGroup Stock: Is PHM Underperforming the Consumer Cyclical Sector?

Although PulteGroup has underperformed relative to the consumer cyclical sector over the past year, Wall Street analysts maintain a moderately optimistic outlook on the stock’s prospects.

Barchart

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RideApart

Honda Might Save Nissan From Itself, So What Could It Mean For Motorcycles?

Things aren't going well for Nissan. In fact, they haven't been going well for some time.

Fortune

The meetings and events industry is evolving, and Saudi Arabia is part of its future

The global meetings and events industry is focusing on bigger conferences, and Saudi Arabia is eager to host them.

International Business Times

Fed's Favored Inflation Gauge Rises Again In November

The Federal Reserve's preferred inflation measure rose for a second straight month in November, according to government data published Friday, although the increase came in a touch below expectations.

Tom’s Hardware

Intel ex-CEO Gelsinger and current co-CEO slapped with lawsuit over Intel Foundry disclosures — plaintiffs demand Gelsinger surrender salary earned

The plaintiffs seek the entire sum of Gelsinger's $207 million salary that he earned during his tenure, which would then be paid back to Intel.

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news in one place.

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TechRadar

Millions of us say we don't know how to remove data from an old device - here's what to know

Millions of Brits don’t know what to do with their old devices, but we're here to help.

The Guardian - US

Starbucks workers’ strike could reach hundreds of stores by Christmas Eve

Walkouts will start in Los Angeles, Chicago and Seattle, after union said it was making little progress with chain’s owners over pay and conditions

The Guardian - UK

First Thing: US Amazon workers go on their ‘largest’ strike amid holiday rush

Employees at seven facilities including in New York, Atlanta and San Francisco take action. Plus, Elon Musk sinks congressional spending bill

Latin Times

El Salvador Plans To Sell Or Shut Its Crypto Wallet

The announcement came after the Central American nation's government reached a $1.4 billion loan deal with the International Monetary Fund that addressed its controversial embrace of bitcoin.

Barchart

S&P Futures Plunge as U.S. Government Shutdown Looms, PCE Inflation Data in Focus

December S&P 500 E-Mini futures (ESZ24) are trending down -0.80% this morning as risk sentiment took a hit on worries about a possible U.S. government shutdown, while investors awaited the Federal Reserve’s first-line inflation gauge for fresh clues on its policy outlook.

International Business Times

Starbucks Baristas Strike In Major Cities Over Contract Negotiations

Hundreds of Starbucks baristas are going on a 5-day strike in Los Angeles, Chicago and Seattle, citing unfair labor practices and stalled negotiations with the company.

Salon

Are Keurig pods recyclable?

"Every cup of java brewed creates a conundrum: what to do with the coffee pod that produced it"

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