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The Latest Breaking News on Business

'It's Vaporware': Crypto Users Troll Tether's $775M Bet On Rumble

Crypto users blasted Tether over the weekend after it invested $775 million into Rumble, with many saying it might have been a bad deal for Rumble due to business allegations around the $USDT issuer.

International Business Times

Starbucks Workers United Strike Spreads Across Nine States

Starbucks Workers United union strike expands to nine states, impacting store operations over wage demands.

Top News

Still $BTC Country: 'Headlines About The IMF Are Wrong,' Says El Salvador Bitcoin Office Director

El Salvador had to concede to some of the IMF's conditions to reach an agreement with the UN financial agency for a massive loan that could help boost its ailing economy, but it clarified Sunday that it will not give up on its Bitcoin strategic reserve.

International Business Times

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Decaf Christmas: Starbucks strike expands to 10 major cities during busy holiday season

The walkouts are organised by Workers United, a union representing over 10,000 baristas

The Independent UK

Holding back China's chipmaking progress is a fool’s errand, says U.S. Commerce Secretary

Sec. Raimondo says that massive investment in semiconductor manufacturing and research is more important than export controls aiming to help keep the U.S. ahead of its competition.

Tom’s Hardware

FTC: Stop Grubhub's "pricing shell game"

"Our investigation found that Grubhub tricked its customers," said FTC chair Lina Khan

Salon

Is It Time to Sell This Second-Fiddle AI Stock Before 2025?

Bank of America has cut its rating on AMD while lowering its price target.

Barchart

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Lennar Stock: Is LEN Underperforming the Consumer Discretionary Sector?

Lennar has substantially lagged behind the broader consumer discretionary sector over the past year, but analysts remain moderately bullish about the stock’s prospects.

Barchart

Is Kimberly-Clark Stock Underperforming the Dow?

Kimberly-Clark has underperformed the Dow Jones Industrial in recent trading, yet analysts maintain a moderately optimistic outlook for the stock's future.

Barchart

Warren Buffett once said 'a house can be a nightmare if the buyer’s eyes are bigger than his wallet' but thinks his $31,500 investment is one of his best

He considers his two wedding rings to be his top investments, though.

Fortune

Arm will seek a new trial against Qualcomm

Dissatisfied with the jury's verdict, Arm seeks retrial in Qualcomm case.

Tom’s Hardware

Google TV and Roku need to steal this one feature from Samsung’s Tizen OS

Samsung has become a dominant player in the TV OS business, but Google TV and Roku need to invest in some game streaming apps for further innovation.

Tom’s Guide

Young Americans' Net Worth is Higher Than That of Hispanic Households, New Report Shows

Americans under the age of 40 are richer than ever, increasing their median net worth to unprecedented levels of $80,500 in 2022, up from just $23,750 in 2010.

Latin Times

Mizuho Thinks Nvidia Stock Will Hit $170 in Q1. Should You Buy It Now?

Ahead of upcoming events, Mizuho believes that Nvidia shares have 30% upside potential.

Barchart

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The Street

Airline CEO sounds alarm on low-cost carriers

CEO David Neeleman spoke to TheStreet about the low-cost model.

The Street

Tesla financial history exposes Elon Musk hypocrisy

Elon Musk has radically changed his perspective on something that has done a lot for him.

Tom’s Guide

This Chinese router company with 65% market share in the US could be banned — what you need to know

Tom’s Hardware

US gov't set to ban Huawei intermediary Sophgo over AI chip supplies — partnership skirted US chip sanctions

U.S. to ban Sophgo, which supplied AI chiplets to Huawei, but its affiliate Bitmain avoids sanctions.

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The Street

You may pay more at restaurants after surprising 'junk fees' ban decision

A final ruling on the "junk fees" ban will impact your restaurant visits.

The Street

What happens to cruises if the US government shuts down

Here’s how cruise travel could be impacted if Congress doesn’t come up with a way to fund the government soon.

The Independent UK

Starbucks workers to strike through Christmas Eve in Seattle, Chicago and LA

Starbucks said that the strikes have not affected the company’s operations

InsideEVs

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…

Barchart

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...

The Independent UK

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

International Business Times

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.

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