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The Latest Breaking News on Business

Major analyst revamps S&P 500 target for 2025

U.S. stocks have had their best back-to-back years since 1998.

The Street

Struggling EV company shuts down, files Chapter 11 bankruptcy

New York-based electric vehicle maker files for Chapter 11 bankruptcy seeking a sale of its assets to a stalking-horse bidder.

The Street

US Judge Rejects Boeing 737 MAX Accord Over Diversity Policies

A US judge rejected a criminal settlement with Boeing over the 737 MAX crashes on Thursday, slamming diversity policies at the aviation giant and the Justice Department that made him "skeptical" of a fair outcome.

International Business Times

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Rocket Mortgage Files Suit Against US Department Of Housing And Urban Development: 'We Will Not Stand Idly By'

Rocket Companies Inc (NYSE:RKT) has filed suit against the United States Department of Housing and Urban Development (HUD) related to regulations involving independent licensed appraisers.

Benzinga

UnitedHealth Group Stock Continues Upward Trend on 2025 Guidance Boost Amid Brian Thompson's Murder

The UnitedHealth Group stock is witnessing upward price pressures as share prices continue to hover close to record levels despite the tragic death of its insurance unit CEO Brian Thompson on Investor Day.

International Business Times UK

Black Friday 2024 weekend saw another record ecommerce sales

Thanksgiving, Black Friday and Cyber Monday spend is up in 2024, with $1.9 billion spent in just two hours.

TechRadar

Crude Oil Edges Lower; US Initial Jobless Claims Increase

U.S. stocks traded mostly lower toward the end of trading, with the Dow Jones index falling over 150 points on Thursday.

Benzinga

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US judge rejects Boeing plea deal in conspiracy case stemming from fatal plane crashes

Justice Department first charged Boeing in January 2021 with defrauding Federal Aviation Administration regulators

The Independent UK

US Trade Deficit Narrows In October As Imports Fall

The US trade gap narrowed more than expected in October, government data showed Thursday, as imports slipped more than exports.

International Business Times

Bitcoin has finally hit $100,000. Where does it go from here?

Investors hopeful that record-breaking bull run will continue into 2025, though industry figures urge caution

The Independent UK

Uber, Lyft Stock Slide As Waymo's Miami Plan Reignites Robotaxi Fears

Uber stock tumbled in heavy volume as Waymo's Miami expansion reignited investors fears robotaxis will disrupt ride-hailing.

Investors Business Daily

Airline CEO says travelers trying to avoid paying for carry-on luggage are ‘shoplifters’

Budget airlines like Frontier and Spirit have recently been accused of exploiting customers with ‘junk fees’ for carry-on baggage

The Independent UK

Meta is spending billions on a new US data center

Meta’s one-mile-long data center will cost $10 billion, and it won’t be operational until at least 2030.

TechRadar

Tesla's Path To $400: Bank Of America Highlights EV, AI Growth

Bank of America raises Tesla's price target to $400, maintaining Buy rating.

Benzinga

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Motor1

Nissan's Lack of Hybrids Is Killing the Company, Report Says

As the COVID pandemic eased up, Nissan CEO Makoto Uchida went full-speed ahead on an all-electric future and stepped away from hybrids. That decision could end Uchida's tenure as the head of Nissan, as it's a major factor in the automaker's current financial woes.

Benzinga

Netflix Stock Reaches New All-Time High This Week: What's Driving The Surge?

As 2024 winds down, Netflix is in the spotlight thanks to its strong historical performance in December and January. The streaming giant is known for delivering robust returns during this period.

International Business Times

JetBlue Cuts Unprofitable Domestic and Transatlantic Routes, Will End Service From JFK to Miami

The airline will also reduce service from JFK to Austin, Texas and end its second daily flight from JFK to Paris.

TechRadar

The EV charging nightmare could soon be over –universal Plug-and-Charge protocol due for US rollout in 2025

The rollout of a new protocol in the US should finally help simplify the EV charging experience.

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Benzinga

Dollar General Clocks Upbeat Q3 Same-Store Sales Despite Hurricanes And Financially Constrained Core Customers, Tightens Annual Outlook

Dollar General's Q3 results show 5% sales growth with 1.3% same-store sales increase, driven by consumables. Updated 2024 guidance reflects hurricane impacts.

The Street

Analysts reset price targets for surging Nvidia rival after earnings

Here’s what could be next for Marvell stock.

Investors Business Daily

American Airlines, Southwest Updates Lift Airline Stocks

American Airlines, Southwest set to extend breakouts after lifting Q4 outlooks. Airline stocks climb. Citi wins AAdvantage deal.

Benzinga

Warren Buffett's Portfolio Stock Kroger Pauses Buybacks For Albertsons Merger, Narrows FY24 Outlook

Kroger pauses share buybacks for the Albertsons merger, misses Q3 sales estimates, and narrows its FY24 EPS guidance.

Windows Central

ChatGPT surpasses 300 million weekly users, tripling its user base in one year — OpenAI's GPT-4o launch led to "the biggest spike ever" in revenue and downloads

OpenAI CEO Sam Altman recently revealed ChatGPT's immense user growth.

InsideEVs

GM And EVgo Built 2,000 Public EV Fast Chargers

General Motors and charging network operator EVgo have installed their 2,000th co-branded electric vehicle fast charging stall in the United States.

Benzinga

EXCLUSIVE: Bitcoin Crossing $100,000 Is A 'Defining Moment,' Experts Say

Bitcoin's (CRYPTO: BTC) historic surge past $100,000 has sparked varied reactions from industry leaders, who point out its transformative potential among looming economic un

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