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The Latest Breaking News on Business

Trump’s promise to tax imported goods could spell trouble for US auto industry

Automakers face uncertainty as top-selling vehicles, such as the Ford F-150 truck, are sourced from around the globe

The Guardian - US

CEOs losing pay are still really rich

Top execs are paid mostly through stock incentives, and their pay has ballooned far beyond their workers' earnings

Salon

What David Sacks as AI czar (with Elon Musk as wingman) could mean for OpenAI

With David Sacks as AI Czar and Elon Musk in Trump’s inner circle, OpenAI may face challenges from two of its biggest critics.

Fortune

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TransDigm Group Stock: Is TDG Outperforming the Industrial Sector?

As TransDigm Group has outperformed the industrial sector, Wall Street analysts remain bullish about the stock’s prospects.

Barchart

Is Freeport-McMoRan Stock Underperforming the Dow?

Freeport-McMoRan has underperformed the Dow Jones Industrials Average over the past year, yet Wall Street analysts maintain a moderately optimistic outlook on the stock’s prospects.

Barchart

Is Colgate-Palmolive Stock Underperforming the Nasdaq?

Despite Colgate-Palmolive’s underperformance relative to the broader Nasdaq Composite over the past year, Wall Street analysts remain moderately optimistic about the stock’s prospects.

Barchart

Dave Ramsey warns home buyers about a major mistake to avoid

One big real estate miscalculation can have major consequences.

The Street

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Financial Crime Weekly: CEO Sentenced To 51 Months In Prison, Kiromic BioPharma Charged With Failure To Disclose Material Information

A CEO is sentenced to 51 months in prison for fraud and ordered to pay $6.1 million in restitution. Kiromic BioPharma is charged with failure to disclose material information.

Benzinga

MarketBeat Week in Review – 12/2 - 12/6

Equities continued their post-election rally after Friday’s solid November jobs report and all signs point to the rally in stocks extending into 2025

MarketBeat

TikTok Divestiture Requirement Doesn't Constitute a Taking of Private Property Under the Fifth Amendment

Besides challenging the law on First Amendment grounds, TikTok also raised a Takings Clause argument, but the D.C. Circuit panel… The post TikTok Divestiture Requirement Doesn't Constitute a Taking of Private Property Under the Fifth Amendment appeared first on Reason.com.

Reason

Eli Lilly Investments In Production Reach $23 Billion With Additional $3 Billion Expansion At US Facility

Eli Lilly plans a $3 billion expansion of its Wisconsin facility, creating 750 skilled jobs and boosting production capacity for critical medicines with advanced automation.

Benzinga

Major trucking company files for Chapter 11 bankruptcy

A huge trucking and shipping services company files Chapter 11 to wind down certain affiliates and restructure its debt.

The Street

Stock Markets Extends Record Highs, US Labor Market Recovers, Bitcoin Hits $100,000: This Week In The Markets

The U.S. stock market posted another week of strong performance, with major large-cap indices such as the S&P 500, the Dow Jones and the Nasdaq 100 extending their record highs.

Benzinga

Verizon just secretly raised admin fees — here's how much more you're paying

Verizon is raising hidden fees on your monthly phone bill. Here's what's changing and how much.

Tom’s Guide

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Digital Camera World

TikTok’s attempt to stop pending US ban is turned down in court. What does it mean for creators?

A US Court of Appeals has turned down ByteDance's claims that the ban violates the First Amendment

Benzinga

HPE AI Servers and Cloud Strength Lead the Charge: Analysts Raise Price Forecasts

Hewlett Packard Enterprise Co (NYSE: HPE) reports Q4 results, beating estimates with EPS of 58 cents and sales of $8.46B. Analysts raise price targets and expect growth from AI servers and recovery in traditional servers.

Motor1

Michigan Dealer Caught Allegedly Leasing Used Cars as New

A Michigan dealer had its license suspended this week after the state caught it allegedly leasing used vehicles as new, along with several other violations. The Michigan Department of State (MDOS) alleges that LaFontaine Hyundai of Livonia violated several Michigan Vehicle Code statutes, and it's currently reviewing the case to…

The Street

Investor calls out Spirit Airlines CEO's pre-bankruptcy bonus

A letter to a bankruptcy judge claims "gross enrichment of the very people responsible for Spirit's financial collapse."

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Latin Times

Federal Appeals Court Upholds Law That Could Ban TikTok In The U.S. If It's Not Sold To An American Soon

The law, passed in April, requires the social media platform be sold by Jan. 19 of next year of face a ban

Top News

Judge Rejects Boeing Plea Deal Over DEI Concerns

Federal judge rejects Boeing's plea deal over 737 Max deception, raising concerns about oversight and diversity policies.

Benzinga

Consumer Sentiment Hits 7-Month High, But Inflation Fears Divide Democrats, Republicans

December consumer sentiment index rose to 7-month high due to improved economic conditions & growing concerns over inflation, leading to increased purchases.

International Business Times

US Companies Hired More People In November But Unemployment Jumped

The US economy added more jobs than expected last month, government data showed Friday, bouncing back from a dramatic slowdown triggered by hurricanes and labor strikes.

Fortune

Boeing’s plea deal shot down by judge because the independent monitor would be a DEI hire

The scandal-plagued aerospace group has 30 days to come up with a new plan with the Justice Department.

The Street

Jobs report stokes more bets on December Fed interest rate cut

The November jobs report showed a solid hiring rebound and improving wage gains.

The Guardian - US

US adds 227,000 jobs in November as Fed expected to cut interest rates again

Latest report follows October’s disappointing tally as Fed likely to cut interest rates for third time in 2024

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