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The Latest Breaking News on Business

JPMorgan Chase To Pay $151 Million To Settle SEC's Five Enforcement Cases

The U.S. Securities and Exchange Commission has charged J.P. Morgan Securities and J.P. Morgan Investment with misleading brokerage customers with inaccurate disclosures, breaching its fiduciary duty, engaging in prohibited joint transactions and principal trades, and failing to make recommendations that serve the best interests of its customers.

Latin Times

LA County Sues Coca-Cola, PepsiCo For Misleading Plastic Recycling Claims

Los Angeles County alleges the companies have made false statements regarding plastic recycling. The county is pursuing penalties for both deceit and environmental damage.

International Business Times

Ford To Pause F-150 Lightning Production, Reduce Manager Bonuses Amid Cost Cuts

Earlier this week, Ford announced third-quarter net income of $900 million, or 22 cents per share, which included a $1 billion charge related to the cancellation of a planned three-row electric SUV.

International Business Times

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A Week of Failing To Pay With Bitcoin in El Salvador

The country claims to be a leader in crypto transactions. But you can't force people to take a currency they don't want.

Reason

Amazon beats Wall Street expectations with strong cloud business growth

Shares rise as company reports quarterly revenue of $158.9bn – more than analysts had forecast

The Guardian - US

So holds the Second Circuit, in a new decision.

Reason

Starbucks needs you to rein in highly customized drink orders—'We have some cleanup to do,' CEO Brian Niccol says

Starbucks’ new CEO, Brian Niccol, wants to bring back the chain’s “coffeehouse vibe.”

Fortune

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Boeing Again Raises Offer To End Strike, Union To Vote Monday

US aviation giant Boeing has once again improved the conditions in its contract offer to thousands of striking workers, hoping to put an end to a painful strike that has paralyzed its two main factories for seven weeks.

International Business Times

Ford's latest EV plan is a shocking letdown to its loyal workers

The automaker revealed a $1.2 billion loss at its EV division last quarter.

The Street

Starbucks CEO reveals major changes to stores after sales decline

The coffee giant is eager to win back customers with a series of significant changes.

The Street

The UAW union is taking a step back from Stellantis dispute

The automaker is currently battling the union representing many of its employees in federal court.

The Street

The shift toward carrier-neutral Internet Exchanges is revolutionizing data center connectivity

Embracing the future: why organisations should adopt carrier-neutral Internet Exchanges to enhance network performance and foster collaboration within digital ecosystems in today’s rapidly changing technological landscape.

TechRadar

Apple Narrowly Beats Estimates With Boost From IPhone Sales

Apple reported revenues Thursday that narrowly surpassed analyst expectations, sending shares lower in after-hours trading even as the company enjoyed a boost from iPhone sales.

International Business Times

Apple stock slides as muted iPhone 16 outlook clouds earnings beat

Apple's September quarter earnings were solid, but only included a few days of sales for the new iPhone 16.

The Street

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Windows Central

"$10 billion investment in OpenAI, and Copilot sucks compared to ChatGPT": Microsoft staffers and customers lament Copilot's warm and inviting update — a "step backward" and "absolutely ruined"

According to a new report, Microsoft staffers say the new Copilot update has ruined the experience and is a step backward compared to the previous version.

Kiplinger

Is Uber Stock a Buy, Hold or Sell After Earnings?

Uber stock is sinking Thursday after the ride-hailing firm came up short of a key Q3 metric, but analysts have yet to adjust their ratings. Here's what you need to know.

The Independent UK

Pentagon audit says Boeing cleaned up on Air Force parts, including soap dispensers marked up 8,000%

According to a Pentagon audit, Boeing has overcharged the Air Force on spare parts for a major cargo plane, including marking up the price of simple lavatory soap dispensers by 8,000%

Top News

Mortgage Rates Rise For Fifth Consecutive Week In The U.S.

Learn about the recent rise in U.S. mortgage rates and their impact on borrowers and the housing market.

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Windows Central

NVIDIA's prediction of coding's death manifests at Google: "More than a quarter of all new code at Google is generated by AI, then reviewed and accepted by engineers"

Google generates more than a quarter of its new code using AI, then reviewed and accepted by engineers.

Kiplinger

Why Microsoft Is the Worst Dow Jones Stock After Earnings

Microsoft stock is sinking Thursday even after the tech giant reported higher-than-expected earnings for its fiscal first quarter. Here's what you need to know.

Fortune

Distraught Amazon employees send AWS chief open letter against RTO policy, calling it an ‘outright abdication’ of its role as industry leader

Hundreds of employees criticized Amazon’s leadership for making a gut decision rather than a data-driven one.

Motor1

Stellantis is Writing Off 2024

It's no secret that Stellantis is struggling. The company just announced a bevy of third-quarter financial statistics, though two numbers stand out in the crowd. Revenue is down 27 percent, and vehicle shipments are off 20 percent. Specifically, that's 279,000 fewer cars versus last year.

Motor1

Ford Is Pausing F-150 Lightning Production Amid Falling Demand

Ford on Thursday confirmed plans to pause production of its all-electric F-150 Lightning pickup truck for nearly two months.

International Business Times

US Fed's Favored Inflation Gauge Cools In September

The US Federal Reserve's preferred inflation measure cooled further last month and now sits just above its long-term target, according to government data published Thursday, shortly before the presidential election.

The Street

Spirit Airlines makes big change to bring down costs

The airline recently avoided bankruptcy by pushing off debt deadlines.

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