US Jobless Claims Drop To Four-Month Low, Indicating Job Market Recovery
Unemployment claims in the U.S. dropped in 4th-month low, which signals better conditions in the job market.
Iranian Hackers Stole Trump Campaign Data And Sent It To Biden's Camp: FBI
They did it to 'sow discord and shape the outcome of U.S. elections.'
US Files $100M Lawsuit Against Ship Owner For Deadly Baltimore Bridge Collapse
The lawsuit seeks to recover the costs incurred in responding to the fatal disaster and for clearing the wreck and bridge debris from the navigable channel
Teamsters Union Not To Endorse Any Presidential Candidate, Trump Calls It 'A Great Honor'
Teamsters union will not be endorsing any presidential candidate for November election.
Apple in talks with JPMorgan to transfer Apple Card from Goldman Sachs: Report
Apple and JPMorgan Chase are in talks over a possible takeover of Apple Card from Goldman Sachs.
Elon Musk's SpaceX plans to sue FAA, cites $633K fine as 'regulatory overreach'
Musk's remarks come after the FAA announced that it is planning to levy a $633,000 fine on SpaceX because of the company's alleged failure to comply with a number of safety and licensing regulations during two of its launches in 2023.
Decision on US Steel takeover by Nippon delayed until after election
The Biden administration granted the request of Nippon Steel for an extended review on the planned takeover of U.S. Steel.
Charter Rolls Out Cheaper Internet Plans To Enhance Customer Loyalty
Charter's CEO, Chris Winfrey, expressed his desire for customers to associate reliability and credibility with their cable and broadband provider. He further said that the company is rolling out changes that would help in achieving this goal.
Intel Signs AI Chip Deal With Amazon, To Split Foundry Business As Separate Subsidiary
Intel closed a deal with Amazon to manufacture AI chips for the e-commerce company.
Expected Fed Rate Cuts Won't Have Much Impact On Mortgage Market, Says Gary Cohn
"I do not see a major impact to the mortgage market or credit-card financing or anything else by the Fed starting to drop rates this week," Cohn said.
German Billionaire Mathias Döpfner, KKR Nearing Deal On Splitting Axel Springer
German Billionaire Mathias Döpfner And KKR are close to pushing through with the deal of splitting Axel Springer.
Alcoa To Exit 25.1% Stake In Ma'aden JV For $1.1 Billion
Alcoa plans to sell its 25.1% stake in its joint venture with Ma'aden to the Saudi Arabian company, Ma'aden.
OCC Orders Wells Fargo To Fix Lapses In Money Laundering Controls
U.S. regulator ordered Wells Fargo to tighten its controls on money laundering to prevent propagation of illicit transactions.
US Judge Comes In Crosshairs With Regulators After Clearing Election Betting
The CFTC was concerned about the propagation of activities not in the best interest of the public. It also drew concerns over unlawful gaming.
Trump Promises To Abolish Taxes On Overtime Pay If Elected
"As part of our additional tax cuts, we will end all taxes on overtime," the former president pledged at a rally in Tucson, Arizona.
Samsung Electronics To Cut Up To 30% Of Global Jobs: Report
The world's largest maker of memory chips, smartphones, and televisions reportedly plans to implement the global headcount reduction by the end of the year, and it would hit jobs across the Americas, Asia, Europe, and Africa.
New Funding Round Values OpenAI At $150 Billion: Report
OpenAI is set on cementing itself as a leader in AI tech with its plan to raise funds at a $150 billion valuation.
J&J CEO Slams Biden's Drug Pricing Law, Says It Will 'Chill' Innovation
J&J CEO explained that the new drug-price negotiation law threatens development of new drugs, according to Bloomberg.
Amazon To Build Data Centers In UK With $10.45 Billion Investment
Amazon expects that its investment in the U.K. will contribute approximately 14 billion pounds to the country's gross domestic product by the end of 2028. Additionally, it is expected to support over 14,000 jobs across various businesses in the region.
New Starbucks CEO Brian Niccol To Focus On US Market Revival Ahead Of Global Overhaul
New Starbucks CEO Brian Niccol revealed he will initially focus on company's business in the U.S. before turning to the international market.
Bank Of America Raises Minimum Wage To $24 An Hour
Bank Of America raised its minimum hourly wage to $24 an hour.
Goldman Sachs Sees $400M Hit To Q3 Revenue, Trading Revenue To Drop 10%
Goldman Sachs to post a revenue hit of $400 million in its third-quarter report as it continues to unwind its consumer business.
US House Passes Bill To Restrict Business With China's WuXi AppTec, BGI
The Biosecure Act would prohibit the U.S. from entering into contracts with the targeted firms, along with those who support them.
US Accuses Google Of Creating Monopoly In Online Advertising Technology
U.S. prosecutors argue that Google controls the ad technology for web at the antitrust trial.
Government Shutdown Looms As House Republicans Face Senate Showdown Over Funding
Writing to his Democratic colleagues Sunday, Schumer said his party is in favor of a short-term funding extension, or CR, and urged Republicans to back a bipartisan effort.
Huawei Gets Over 2.7 Million Pre-Orders For Tri-fold Phone Ahead Of iPhone 16 Launch
Huawei's new tri-fold phone was welcomed with open arms by consumers as the company received more than 2.7 million pre-orders for it.
Biden Administration Allegedly Botched Afghan Withdrawal, New GOP Report Claims
New GOP report claims that the administration of President Joe Biden botched the troop withdrawal from Afghanistan.
Biden Administration Rolls Out Tighter Chip Export Controls Amid China's Industry Progress
The new restrictions cover worldwide exports but include exemptions for countries like Japan and the Netherlands that have similar controls.
Treasury Secretary Janet Yellen Terms Labor Market As 'Healthy' Despite Tepid Data
Treasury Secretary Janet Yellen said that the labor market is "healthy" despite recent labor market data which showed weakness.
Paramount Chair Shari Redstone To Receive $180M In Severance, Benefits: Report
Paramount chair Shari Redstone is set to receive $180 million in severance pay following Skydance's acquisition of the movie company.