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The Latest Breaking News on Business

Why the GOP hates this consumer agency

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

Salon

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

The Independent UK

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

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 Conversation

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 Street

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…

The Conversation

Facebook and Instagram were down — latest updates on massive outage

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

Tom’s Guide

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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 Conversation

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.

The Street

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

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

Investors Business Daily

Netflix Stock Rises As Executive Touts 'Big Year' Ahead

Internet television network Netflix is increasing its investments in content and streaming video technology while rival services are struggling.

Investors Business Daily

Walgreens Shares Struggle After Report It Is Looking To Sell

Walgreens Boots Alliance is in talks to sell itself to Sycamore Partners, a private-equity firm, in a strategic move of going private after years of declining stock performance.

International Business Times

Food Fight: $25 Bn US Grocery Deal Falls Apart

A proposed $25 billion supermarket mega-merger disintegrated Wednesday in bitter recriminations between Albertsons and would-be suitor Kroger following US court rulings blocking the deal.

International Business Times

Supreme Court allows investors' class action to proceed against microchip company Nvidia

The Supreme Court is allowing a class-action lawsuit that accuses Nvidia of misleading investors about its past dependence on selling computer chips for the mining of volatile cryptocurrency to proceed

The Independent UK

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news in one place.

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Tom’s Hardware

TSMC founder says Intel has neither a strategy nor a CEO

Founder of TSMC criticizes Intel for not developing a sophisticated strategy for AI and instead focusing on becoming a foundry

Fortune

Bernard Arnault turned a one-franc deal in 1984 into a €319 billion luxury empire

The French tycoon bought Dior three years before founding LVMH in 1987.

The Street

How to avoid the top retirement regret

Retirees wish they had followed this piece of financial advice earlier.

The Street

CPI inflation report sparks Fed interest rate cut bets

The latest CPI inflation data could influence what the Federal Reserve does to interest rates next.

Get all your
news in one place.

100’s of premium titles.
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Investors Business Daily

Fed Gets Green Light For Rate Cut From CPI, PPI, Jobless Claims; S&P 500 Pauses

The Fed doesn't have to sweat about cutting rates next week after some encouraging inflation details.

Barchart

Is Yum! Brands Stock Underperforming the Dow?

Despite Yum! Brands’ recent underperformance relative to the Dow, Wall Street analysts remain moderately optimistic about the stock’s prospects.

The Independent UK

TikTok files challenge against Canadian government order to dissolve its business in the country

TikTok has challenged a Canadian government order to shut down the Chinese video-sharing app’s business operations in the country that was imposed over national security concerns

InsideEVs

Costco Is Adding More EV Fast Chargers At Its Stores

Costco, America’s largest wholesaler and the third-largest retailer in the world, is ramping up its efforts to install fast chargers for electric vehicles at its stores in the United States. The retail giant has partnered with Electrify America to open five ultra-fast EV charging stations in three states.

Motor1

Ram CEO Tim Kuniskis: 'We're Getting Our Ass Kicked'

Ram is down by a whopping 24 percent in the United States through September. Things are so bad that the US Stellantis National Dealer Council sent an open letter to former CEO Carlos Tavares in September, blaming him for the "disaster" and "rapid degradation" of the American brands. But Tavares…

The Independent UK

US inflation likely edged up last month, though not enough to deter another Fed rate cut

Annual inflation in the United States may have ticked up last month in a sign that price increases remain elevated even though they have plummeted from their painful levels two years ago

International Business Times

China's Leaders To Chart Economic Plans For 2025: Report

China's leadership will gather Wednesday to hammer out plans to boost the economy next year, reports said, as they look to address weak domestic demand and the possibility of a deepening trade war with the United States.

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