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Business News

Location American Business News for 28 October 2024
Oil prices drop after Israeli airstrikes spare Iran's oil facilities Crude oil futures fell Sunday, after widely-anticipated Israeli airstrikes against Iran did not hit crucial oil facilities.
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Carbon emissions of richest 1% increase hunger, poverty and deaths, says Oxfam Consumption of world's wealthiest people also making it increasingly difficult to limit global heating to 1.5C The high carbon emissions of the world's richest 1% are worsening hunger, poverty and excess deaths, a report...
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Morgan Stanley Warns High-Stakes 2024 Election Could Unleash Major Market Shifts Morgan Stanley analysts caution that the 2024 U.S. presidential election could unleash severe market volatility, driven by prolonged ballot counting, economic uncertainty, and unpredictable voter sentiment. Election Dela...
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Nikkei Up 1.8%, Led by Electronics Stocks

Wall Street Journal - 28 Oct 2024 01:22
Japanese stocks were higher as increased political uncertainty diminished expectations for the Bank of Japan's further rate increases.
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Good Energy receives takeover approach from UAE-linked firm UK company, which supplies renewable power to about 245,000 households, gets offer from Esyasoft Business live - latest updates A company linked to the United Arab Emirates royals has approached one of the UK's pioneerin...
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7-Eleven Plans 500 New 'Food-Forward' Stores by 2027

Retail Touch Points - 28 Oct 2024 16:43
7-Eleven Plans 500 New 'Food-Forward' Stores by 2027 Seven & i Holdings, parent company of 7-Eleven, plans to open 500 new "food-forward" convenience stores between 2025 and 2027. The "New Standard" stores will be larger than traditional 7-Eleven stores and will include ex...
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England's bus fare cap will rise from £2 to £3 in 2025, says Starmer People understand tough decisions are needed to fix public finances, PM insists in pre-budget comments UK politics live - latest updates The bus fare cap in England will rise from £2 to £3 at the end of this year, Keir...
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Roblox's stock named a top pick as analyst makes the case for a rebound "We think Roblox has begun its transformation from a collection of games to a true platform," Wedbush analysts wrote.
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Boeing's stock reverses lower after announcing a $19 billion capital raise .Boeing's stock knee-jerked higher after a larger-than-expected capital raise was announced, but then quickly resumed its decline.
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USD/JPY Rises as BOJ Seen Less Likely to Raise Rates Soon

Wall Street Journal - 28 Oct 2024 02:17
USD/JPY was higher as heightened political uncertainty lowered expectations for the Bank of Japan to raise rates further for now.
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How worried should stock-market investors be about a 'lost decade'? It's theoretically possible that the stock market will play out a "Roaring '20s" scenario for the rest of this decade.
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Gov. Gavin Newsom unveiled plans over the weekend to raise the cap on California's film and TV tax credit program. Will it save Hollywood from ruin?
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Hero.io climbs Kilimanjaro to mark whitepaper launch

Venture Beat - 28 Oct 2024 23:50
CONTRIBUTOR CONTENT: Hero.io, a platform offering AI-powered tools for Web3 and DeFi, has reached new heights--both figuratively and literally. The Hero.io team successfully scaled Mt. Kilimanjaro, Africa's highest peak....
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What is Urban Farming and is it Profitable?

Small Business Trends - 28 Oct 2024 23:40
What is Urban Farming and is it Profitable? This is why you should consider urban farming as a business.
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Latam Insights Encore: Brazil's Determination to Build a New Financial System Will Guide BRICS Toward a Common Currency Agreement Welcome to Latam Insights Encore, a deep dive into Latin America's most relevant economic and cryptocurrency news from last week. In this edition, we examine how Brazil’s firm determination to push the world toward a m...
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Robinhood joins election betting market with Harris and Trump contracts The contracts will be priced between two cents and ninety-nine cents, earning a $1 payout if the user guesses the winning candidate.
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The final scheduled US dates for the Eras Tour are this weekend. We'll show you how to buy Taylor Swift Indianapolis tickets.
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Trump offers tax breaks to family caregivers. 'It's about time that they were recognized, right?' Both candidates have promised to protect and expand at-home services to older Americans.
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Volkswagen plans to shut factories and lay off tens of thousands of workers Volkswagen is planning to shut at least three factories in Germany and lay off tens of thousands of staff.
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Corporate America Braces for Trump 2.0

The New York Times - 28 Oct 2024 14:41
Corporate America Braces for Trump 2.0 The race for the White House is deadlocked, but business leaders aren't taking chances, reaching out to the former president to rebuild relations.
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Nvidia's stock set to gain ahead of a pivotal stretch for tech With Alphabet, Meta, Microsoft and Amazon all set to report results this week, chip-sector investors should pay attention to cloud growth and spending forecasts.
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Universal Music Group inked a deal with AI startup Klay to help develop a "responsible and ethical" AI model for music.
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