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Business News

Location American Business News for 29 October 2024

Oil Gains Amid Middle East Tensions

Wall Street Journal - 29 Oct 2024 02:45
Oil rose in early Asian trade, after falling recently as Israel steered clear of Iran's oil and nuclear facilities in attacks over the weekend.
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Gold Edges Higher; May Remain Rangebound Ahead of Key Econ

Wall Street Journal - 29 Oct 2024 02:42
Gold edged higher in early Asian trade. Prices could trade within a narrow range before the release of key U.S. economic data, XS.com said.
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While the numbers were disappointing, the company's turnaround continues to plan.
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Washington Post owner Jeff Bezos defends paper's decision to not back 2024 candidate, claims presidential endorsements 'create a perception of bias' In an op-ed, Bezos argued his newspaper ending its long-running practice of endorsing a candidate for the White House is a "principled decision, and it's the right one."
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How James Gorman transformed Morgan Stanley after the financial crisis Gorman is stepping down as the bank's chairman at the end of the year. Here's a look at how he rebuilt Morgan Stanley with a focus on wealth management.
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Job openings in the U.S. fall to the lowest level in 3½ years U.S. job openings fell in September to a three-and-a-half year low as as the demand for labor ebbed and businesses waited for the economy to speed up.
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U.S. consumer confidence surges in October to highest level in nine months The U.S. consumer-confidence index surged to 108.7 in October from a revised 99.2 reading in the prior month, the Conference Board said Tuesday. This is highest level of confidence since January.
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'DJT' stock's tripling in October is adding $4 billion to Trump's coffers The value of Trump's stake in Trump Media has increased by about $4 billion in October, as investors are betting heavily that he'll win next week's presidential election.
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Beijing considers $1.4 trillion borrowing increase to support economy: Reuters Fresh stimulus would help local authorities resolve off balance-sheet debt
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Microsoft just ramped up its cloud rivalry with Google by accusing it of 'shadow campaigns' Microsoft publicly accused Google of organizing an "astroturf group" to undermine its business and influence cloud regulation in Europe.
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McDonald's sales dropped for the 2nd quarter in a row as customers keep tightening their belts Global sales at the Golden Arches fell 1.5%, driven by international markets, especially France, the UK, China, and the Middle East.
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Nikkei Slips 0.2%, Dragged by Electronics, Machinery Stocks

Wall Street Journal - 29 Oct 2024 02:49
Japanese stocks were lower in early trade, dragged by falls in electronics and machinery stocks as domestic political uncertainty continues.
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JPMorgan sues customers for check fraud after exploiting viral ATM glitch The glitch in late August let customers deposit big checks in ATMs and withdraw funds immediately before the checks could clear, even if the checks later bounced.
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Alphabet Revenue Jumps 15% to $88.3 Billion

The New York Times - 29 Oct 2024 23:57
Alphabet Revenue Jumps 15% to $88.3 Billion The tech giant's 34 percent increase in quarterly profit topped Wall Street expectations, driven by its advertising and cloud businesses.
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Masimo Terminates Founder Kiani as CEO

Wall Street Journal - 29 Oct 2024 23:57
Masimo Terminates Founder Kiani as CEO Medical-device maker said Joe Kiani, who previously informed the board of his decision to resign as chief executive, has been terminated by the company, following a review by outside counsel.
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'Roaring Kitty' Reports Exit From Chewy Stake

Wall Street Journal - 29 Oct 2024 23:55
'Roaring Kitty' Reports Exit From Chewy Stake Influential investor Keith Gill, known as "Roaring Kitty," reported an exit from his Chewy stake in a securities filing.
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What is a Freakshake and How Can It Be Used to Market Your Small Restaurant? Will a freakshake boost your sales in your restaurant?
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Google CEO says more than a quarter of the company's new code is created by AI Google is doubling down on AI internally to make its business more efficient.
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LinkedIn's new Hiring Assistant will let recruiters use AI agents to find the most qualified candidates based on their LinkedIn profile.
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AMD shares are up about 20% so far in 2024, although rivals such as Nvidia and Broadcom have had much greater gains during the same period, driven by AI chips.
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Consensys Reiterates Commitment to Ethereum Despite 20% Workforce Cut Consensys, a Web3 software company, is laying off 20% of its workforce due to economic and regulatory challenges. Despite these setbacks, Consensys says it remains committed to its vision for Web3 and plans to continue s...
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Homeowners generally have a higher net-worth than renters. But the equity does not appear overnight. Here's what to consider, experts say.
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