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Business News

Location American Business News for 16 October 2024

Oil Rises in Likely Technical Recovery

Wall Street Journal - 16 Oct 2024 02:52
Oil rose in the early Asian session in a likely technical recovery after oil futures dropped by more than 4% overnight.
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Gold was steady in early Asian trade ahead of major U.S. economic data due this week such as September retail sales on Thursday and a speech from Fed Gov. Waller on Friday.
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Tesla moves entire $765M Bitcoin stash to unknown wallets Before the mass transfers, Tesla's Bitcoin wallet had remained dormant since June 2022.
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U.S. government debt rallied slightly Wednesday morning, pushing yields lower, as crude futures slipped and the U.K.'s annual CPI inflation rate dropped below the Bank of England's 2% target for last month.
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How this money manager's one-of-a-kind fund beats the market without Nvidia and other tech stocks Cambria Investment's Faber tells MarketWatch how he makes shareholders money by owning high-quality, dividend-paying stocks that most investors overlook.
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Holiday sales growth could slow to pre-pandemic levels, retail group says U.S. holiday-season spending is likely to hit another record, a major retail-industry group said Tuesday, but it added that sales growth is likely to slow as consumers continue to grapple with higher prices and spending ...
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Mental health patients to get job coach visits Pensions Secretary Liz Kendall says trials of the idea have produced "dramatic results".
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Disney will now charge up to $449 extra for front-of-line access. Why this VIP-ification is now common in America. Companies want to extract every dollar they can from customers, say experts. But many consumers welcome the opportunity to feel like big shots.
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Discover's revenue grows, but credit performance dips

American Banker - 16 Oct 2024 23:48
Discover's revenue grows, but credit performance dips The financial institution beat analysts' estimates on revenue, net income and diluted earnings per share amid modest loan growth, even as credit performance showed signs of deterioration.
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The move to further differentiate Pika 1.5 from competitors Runway, Luma, Kling, and Hailuo comes amid intensifying competition
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Lucid sees bigger losses ahead, and its stock drops 10% Shares of Lucid Group Inc. fall more than 10% in the extended session Wednesday after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecast.
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Radiant Capital halts lending after exploit

Coin Telegraph - 16 Oct 2024 23:35
Radiant Capital halts lending after exploit Approximately $58 million has been lost from a cybersecurity breach at the lending protocol, one expert said.
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Defector Media started with a bang. It's an uphill climb to keep growing — just like in most of digital media. Defector Media started out with a bang, but now growth is harder to come by. It shows making a living in digital media isn't getting any easier.
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Debridge Closes Exclusive Token Sale for Certain Participants Debridge kicked off its LFG Vault for DBR tokens, giving active members of its ecosystem and Jupiter's community an exclusive opportunity to acquire tokens at a locked-in price. With a focus on fairness and stability, th...
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CEO of aerospace company cited in SpaceX's new lawsuit is siding with Elon Musk The CEO of Phantom Space said he agrees with Elon Musk that the California Coastline Commission was "blatantly political."
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My friends expect me to pay for things for them because I'm wealthy. Am I wrong to think they should just work harder? "For Love & Money" answers your relationship and money questions. This week, a reader's partner isn't willing to stop scrimping on every purchase.
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New York Community set for a corporate rebranding

American Banker - 16 Oct 2024 23:12
New York Community set for a corporate rebranding After NYCB streamlined its branch operations under the Flagstar name, the publicly traded company will begin trading under a new stock ticker symbol in late October.
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CSX stock falls as railroad warns on impact of hurricanes, lower fuel prices Shares of CSX Corp. fell after hours on Wednesday after the railroad operator said the fourth quarter would be "more challenging" in the wake of falling fuel prices, weaker coal demand and two massive hurricanes in the S...
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FunPlus, a Swiss company that has become one of the world's largest independent game companies, has opened its new Studio Ellipsis in Lisbon.
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How to watch Dodgers vs. Mets: Live stream National League Championship Series The National League Championship Series is underway, and we'll show you how to watch the Dodgers vs. Mets match-up.
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Banking lobbies back Fed in debit swipe fee suit

American Banker - 16 Oct 2024 22:54
Banking lobbies back Fed in debit swipe fee suit The Bank Policy Institute and The Clearing House filed a motion to join the central bank's defense of Regulation II.
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Auto & Transport Roundup: Market Talk

Wall Street Journal - 16 Oct 2024 22:52
Auto & Transport Roundup: Market Talk Find insight on United Airlines, J.B. Hunt and more in the latest Market Talks covering the Auto and Transport sector.
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