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.
Biden Expected To Block Nippon Steel Deal; US Steel Shares Plunge
Amid the ongoing issue, U.S. Steel CEO David Burritt warned that if the acquisition isn't pushed through, thousands of U.S. union jobs could be at risk.
Johnson & Johnson To Add $1.1 Billion To Proposed Talc Settlement
Johnson & Johnson would be adding $1.1 billion to its talc settlement proposal.
GOP-led States Sue Education Dept. To Block Biden's Student Loan Forgiveness Program
Several states sued the Education Department to prevent it from implementing billions-worth of student-loan forgiveness.
U.S. GDP May Rise Slightly Under Harris, Fall If Trump Returns: Goldman Sachs
Goldman Sachs, in a report, said that the GDP is likely to increase with a Harris administration and with Democrats controlling Congress.
Fed Says US Housing Inflation Likely To Ease In Coming Year
Fed research paper stated that that US housing inflation may likely drop in the coming year.
Nippon Steel Ensures U.S. Leadership In Proposed U.S. Steel Takeover
Nippon Steel revealed that majority of the board of directors of U.S. Steel will be Americans in case the deal pushes through.
Blackstone-led Consortium Nears $13.5B Deal To Buy Australia's AirTrunk: Report
Blackstone consortium is inching its way closer to acquiring AirTrunk in $13.5 billion deal.
Communications Workers Of America Backs Off From Mediation Proceedings With AT&T
CWA withdraws from mediation proceedings with AT&T, citing the process as a "delaying tactic" of the company.
Harris Opposes Sale Of US Steel To Japan's Nippon, Says Firm Should Stay 'American-Owned'
Vice President Kamala Harris expressed her opposition on the planned sale of U.S. Steel to Nippon Steel.
More Than 11 Million DirecTV Subscribers Lose Access To Disney Networks After Failed Deal
The programming blackout occurred days before the National Football League kicks off its new season Thursday, and ahead of the presidential debate on Sept. 10.
Labor Day 2024: Which Businesses Are Open And Closed?
While Costco will not be open on Labor Day, so many other establishments will keep their doors open.