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The Latest Breaking News on Business

When AI takes the tasks, managers take the relationships

Leaders say agents should handle the busywork so human managers can be more connected to their teams.

Fortune

Lululemon Faces Leadership Change Amid Intensifying Athleisure Competition

Lululemon announces CEO Calvin McDonald's exit as the company restructures amid slowing U.S. sales and rising athleisure competition.

Fashion Times

AI Bubble Risks: 'Is Your Nest Egg Safe?' Everyday Investors Shift to Gold, Bonds as Nvidia & Palantir Fear Mounts

Retail investors are shifting from AI stocks to gold and bonds amid fears of a bubble, as Michael Burry shorts Nvidia and Palantir, signalling increasing market caution.

International Business Times UK

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401(k) Millionaires Surge, Leaving You Asking 'Where's My $1 Million?'

Fidelity hits a record 654,000 retirement millionaires amid soaring stocks, but UBS says many savers spend like the middle class. What does it really take to join the elite club?

International Business Times UK

Senator says FAA administrator failed to sell multimillion-dollar airline stake as promised

A Democratic Senator says the head of the Federal Aviation Administration has not sold off his multimillion-dollar stake in the airline he led since 1999 despite a promise to do so as part of his ethics agreement

The Independent UK

RAM scalping takes hold on eBay, some DDR5 selling for more than $2,000 — price-gouged kits fetch 7x their original value, adding almost double the markup on already inflated prices

Scalpers exploit the memory shortage to sell memory kits at exorbitant prices on platforms like eBay.

Tom’s Hardware

Oracle shares drop after $15bn higher AI spending revealed

Oracle investors aren't happy with higher-than-anticipated Capex, despite healthy revenue growth.

TechRadar

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Dollar Extends Post-FOMC Losses

The dollar index (DXY00 ) tumbled to a 1.75-month low on Thursday and finished down by -0.43%. The dollar was under pressure Thursday on negative carryover from Wednesday after the FOMC cut the federal funds target range by -25 bp and said it would boost liquidity in the financial system...

Barchart

Employees and customers of California appliance chain shocked over abrupt closure and bankruptcy before holidays

Howard’s Appliance officials reportedly gave employees just two days’ notice before the sudden closure

The Independent UK

Average US long-term mortgage rate ticks up to 6.22%, but remains close to its low for the year

The average rate on a 30-year U.S. mortgage edged higher this week, though it remains relatively near its low point so far this year

The Independent UK

If You Invest in Rare Earths Stocks, Mark Your Calendars for December 22

USA Rare Earth is gaining significant momentum as it joins the Russell indices later this month, boosting its market visibility.

Barchart

Disney invests $1B in OpenAI in deal to bring characters like Mickey Mouse to Sora AI video tool

Disney is investing $1 billion in OpenAI and will bring characters like Mickey Mouse and Luke Skywalker to the AI company's Sora video generation tool

The Independent UK

Trump’s tariffs have cost each American household $1,200 in added expenses, Dems say

In his second term, Trump has reversed decades of U.S. policy that favored free trade

The Independent UK

YouTube TV Plans Are Coming Next Year Featuring Genre-Specific Bundles to Choose From

Google unveils YouTube TV's new plans that will soon deliver genre-specific bundles to choose from come next year.

International Business Times

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Barchart

Is Kellanova Stock Underperforming the Dow?

Kellanova has shown resilience with modest Dow underperformance. Analysts are adopting a more cautious, stability-focused outlook.

Barchart

How Is Leidos Holdings’ Stock Performance Compared to Other Tech Stocks?

Leidos Holdings has outpaced its tech peers over the past year, analysts remain fairly bullish on the stock’s prospects.

Reason

Trump Says China Didn't Buy Soybeans While Biden Was President. Here's What the Data Show.

American farmers exported more than 26 million metric tons of soybeans to China annually during Biden's term. Trump's deal with China would cover less than half that amount.

The Guardian - US

Tony Dokoupil to serve as anchor of CBS Evening News

After top editor Bari Weiss made outreach to anchors at other networks, CBS News decided to go with an internal candidate

Get all your
news in one place.

100’s of premium titles.
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Barchart

Is Builders FirstSource Stock Underperforming the S&P 500?

Builders FirstSource has significantly underperformed the S&P 500 over the past year, but analysts remain moderately optimistic about the stock’s prospects.

Tom’s Hardware

Framework puts Dell and Apple on blast over egregious RAM prices — modular laptop maker will be forced to increase memory prices, but won't "gouge customers" like other vendors

Memory prices are rising everywhere, and the latest to be hit in the aftermath of this crisis is modular laptop manufacturer Framework, which just announced its own price hike in a very interesting fashion. The company replied to a tweet showing Dell's allegedly insane markup on RAM upgrades that later…

The Independent UK

Crypto mogul Do Kwon to be sentenced for misleading investors who lost billions in stablecoin crash

Cryptocurrency mogul Do Kwon is scheduled to be sentenced for misleading investors who lost billions when his company’s crypto ecosystem collapsed in 2022

The Independent UK

Coca-Cola names new CEO as drinks giant faces fresh challenges

Henrique Braun was born in California and raised in Brazil

The Independent UK

Mexico's Congress approves tariff hikes on imports from China and others

Mexico's Congress has approved tariff increases on over 1,400 products from China and other countries without free trade agreements

TechRadar

HBO Max subscriber sues Netflix in dramatic class-action lawsuit, claiming the Warner Bros deal will cause 'irreparable antitrust injury'

HBO Max member Michelle Fendelander has sued Netflix in a bid to prevent it from merging with Warner Bros Discovery.

TechRadar

Fifty US retailers sent nearly 42 billion emails during the Black Friday hype — and they were loaded with sneaky ways to track your habits

Proton's report into Black Friday and Cyber Monday spam found that retailers are becoming overwhelmingly aggressive in their marketing tactics.

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