Latest Business News

Stock market today: Dow gains 300 points, stocks recoup weekly losses after jobs report blowout - Yahoo Finance

Investors braced for a key monthly jobs report, with the Middle East crisis and a return to work at US ports also in high focus.

Published at: 2024-10-04T20:03:00Z

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Published at: 2024-10-04T19:05:00Z

Stellantis files federal lawsuit against UAW union over strike threats - CNBC

Stellantis is suing the United Auto Workers, escalating a monthslong battle between the trans-Atlantic automaker and American union, CNBC has learned.

Published at: 2024-10-04T18:13:33Z

Larry Summers says jobs report shows Fed's half-point rate cut was 'a mistake' - Fox Business

Famed economist Larry Summers said Friday that the September jobs report shows the Federal Reserve's 50-basis point rate cut was "a mistake" in hindsight.

Published at: 2024-10-04T17:10:00Z

US job growth blows past expectations, unemployment rate falls to 4.1% - Reuters

U.S. job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, pointing to a resilient economy that likely does not need the Federal Reserve to deliver large interest rate cuts for the rest of this year.

Published at: 2024-10-04T16:24:33Z

Mark Zuckerberg vs. Jeff Bezos Net Worth: How the Meta CEO Overtook the Amazon Founder - Barron's

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Published at: 2024-10-04T16:08:00Z

Spirit Airlines stock plummets on report of potential bankruptcy filing - Fox Business

The potential bankruptcy filing comes after Spirit's failed $3.8 billion merger with JetBlue Airways. The transaction was scrapped due to regulatory challenges.

Published at: 2024-10-04T16:06:00Z

OpenAI’s Altman Concentrates Power on Path to $157 Billion Valuation - Bloomberg

The startup has been roiled by an exodus of top executives and much of its original brain trust.

Published at: 2024-10-04T15:53:30Z

Duke Energy says power to 85K SC customers won't be restored today. Here's why. - The Post and Courier

A week after Hurricane Helene, Duke Energy says they still want the majority of power restored before the weekend, but 85,000 could be in the dark until Sunday.

Published at: 2024-10-04T15:40:00Z

Tencent and Guillemot family reportedly planning Ubisoft buyout - GamesIndustry.biz

Tencent and Guillemot Brothers Ltd have been exploring ways to stabilise Ubisoft in the wake of its recent troubles, wh…

Published at: 2024-10-04T14:55:29Z

Biden helped end the dockers strike by saying reopening the ports to help Hurricane Helene victims would be patriotic - Fortune

The president applauded both sides for coming to an agreement.

Published at: 2024-10-04T14:12:00Z

Electric cars: EU hits China with tariffs in battle for sales - BBC.com

The vote risks sparking a trade war as the EU looks to protect its own car makers.

Published at: 2024-10-04T14:02:35Z

American Airlines Passenger Subdued in Intense Altercation on Video - TMZ

It wasn't your typical first-class experience on an American Airlines flight when a man allegedly got into an altercation with the woman next to him -- and things escalated so fast, other passengers had to jump in to calm everything down.

Published at: 2024-10-04T13:59:45Z

Port strike longshoremen union boss linked to murdered mobster in 'farce' racketeering case he beat at trial - Fox News

Dock workers union boss Harold Daggett, at heart of longshoremen's strike, beat federal racketeering charges in deadly mafia case that saw co-defendant murdered.

Published at: 2024-10-04T13:32:00Z

Nvidia, Trade Desk And A Financial Stock On CNBC's 'Final Trades' - Benzinga

On CNBC's "Halftime Report Final Trades," Bryn Talkington of Requisite Capital named Nvidia Corporation as her final trade.

Published at: 2024-10-04T13:26:27Z

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Published at: 2024-10-04T13:25:06Z

Rivian (RIVN) stock falls after cutting EV production plans, Q3 deliveries slip - Electrek.co

Rivian (RIVN) no longer expects to build as many vehicles this year as it did in 2023. After third-quarter deliveries...

Published at: 2024-10-04T13:21:00Z

Medicare mess sends Humana shares on worst fall since financial crisis - Yahoo Finance

(Bloomberg) -- Humana Inc. investors haven’t struggled through anything this bad since the global financial crisis 15 years ago.Most Read from BloombergWhat ...

Published at: 2024-10-04T11:13:10Z

Toyota follows growing trend of companies halting DEI policies and initiatives - Fox Business

An alleged memo to Toyota employees Thursday said it would stop sponsoring LGBTQ events and begin focusing more on “STEM education and workforce readiness."

Published at: 2024-10-04T10:30:00Z

CVS is under pressure and considering a breakup. Here's why that could be risky - CNBC

A breakup would be a stunning reversal for CVS, which has spent tens of billions of dollars on acquisitions to turn itself into a one-stop health destination.

Published at: 2024-10-04T10:00:01Z