Business News
Exxon pouring $140 billion into the Permian Basin after rise in third quarter production
Market Watch - 11 Dec 2024 14:44NYC office market roars back to life, sending tenants scrambling: 'Tighter than it was in 2019'
New York Post - 11 Dec 2024 02:44
Available floors quickly are gobbled up before data-trackers even know about it, not only at newly constructed "trophy" towers but at sound older locations as well.
Ripple's Stablecoin Approved: RLUSD Launch Could Supercharge XRP Demand
Bitcoin.com - 11 Dec 2024 02:30
Ripple’s RLUSD stablecoin is launching imminently with NYDFS approval, poised to ignite XRP liquidity and ecosystem growth across major blockchains and partner platforms. Regulatory Green Light: Ripple’s Stablecoin L...
Christmas rail travel could be disrupted by crew shortages and engineering works
The Guardian - 11 Dec 2024 16:20
Rail minister warns MPs about disruption as Avanti West Coast announces strike Business live - latest updates Train passengers visiting family and friends over Christmas could have their journeys disrupted by crew shorta...
OPEC Further Trims Oil-Demand Forecast After Output-Hike Delay
Wall Street Journal - 11 Dec 2024 15:58
The Vienna-based cartel cut the forecast for the fifth consecutive month after further postponing plans to increase output amid softer prices and market concerns over weaker global consumption.
US inflation rose 2.7% in November.-- heating up for the second month in a row
New York Post - 11 Dec 2024 15:53
The Consumer Price Index rose 2.7% versus a year ago last month -- above the 2.6% increase seen in October, but falling in line with expectations, the Labor Department said on Wednesday.
Macy's Probe Found Employee Acted Alone in $151 Million Accounting Scandal
Wall Street Journal - 11 Dec 2024 15:42Vestas to Cut Jobs at U.K. Factory
Wall Street Journal - 11 Dec 2024 15:37Andrew Ferguson, the F.T.C.'s Next, More Deal-Friendly Chair
The New York Times - 11 Dec 2024 15:01
Andrew Ferguson is expected to go easier on mergers than the agency's current chief, Lina Khan. But he could take a similarly tough approach to policing Big Tech.
SpaceX valued at $350bn as company agrees to buy shares from employees
The Guardian - 11 Dec 2024 14:02
Company and investors to buy up to $1.25bn of stock at $185 a share, up from $112 a few months ago Business live - latest updates Elon Musk's rocket company SpaceX and its investors have agreed to buy shares from its emp...
Trump taps 'pro-innovation' FTC Commissioner Andrew Ferguson to lead agency after divisive Lina Khan
New York Post - 11 Dec 2024 02:34
"Andrew has a proven record of standing up to Big Tech censorship, and protecting Freedom of Speech in our Great Country," Trump said.
UK rent soars by £3,240 since pandemic, says Zoopla
BBC - 11 Dec 2024 02:00
The cost of renting rose sharply after lockdown was lifted but the rate of increase is now slowing.
What big-bank CEOs are expecting -- good and bad -- from Trump 2.0
American Banker - 11 Dec 2024 01:53
The top executives at some of the nation's largest banks spoke Tuesday about their expectations for the second Trump administration. Deregulation, capital rules, tariffs and inflation were all prominent topics.
GM pulls plug on Cruise robotaxi after investing more than $10B in self-driving business
New York Post - 11 Dec 2024 01:44
GM cited "considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market."
OpenAI rolls out ChatGPT for iPhone in landmark AI integration with Apple
Venture Beat - 11 Dec 2024 23:54
Apple partners with OpenAI to bring ChatGPT to iPhone, transforming Siri, camera, and productivity features in iOS 18.2 update as tech giants race to dominate mobile AI integration.
Albertsons is now suing Kroger for billions. That won't help it find another buyer, analysts say.
Market Watch - 11 Dec 2024 23:53Blue Nile's Holiday Sale brings jewelry we love to all-time lows
Business Insider - 11 Dec 2024 23:44Adobe disappoints investors in this crucial metric, and shares fall nearly 9%
Market Watch - 11 Dec 2024 23:425 signs you're investing too much money, even when the stock market soars
Business Insider - 11 Dec 2024 23:26Google's new AI projects aren't ready for the masses yet. Good!
Fast Company - 11 Dec 2024 23:25
Google DeepMind is showing off an AI assistant that sees and a Chrome extension that can browse the web on its own. They're for testing purposes only--and that makes sense. Few tech-industry traditions are as time-honore...
Stock market today: Nasdaq tops 20,000 for the first time as tech jumps after inflation data
Business Insider - 11 Dec 2024 23:23
Tech stocks soared on Wednesday, boosted by the prospect of a rate cut at next week's Fed meeting. Tesla stock jumped 6% to an all-time high.