Mcdonald S Profit Grows As Inflation Weary Customers Flock to Its Restaurants
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Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk -
Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk -
Europeans have more time, Americans more money. Which is better?
Life expectancy, happiness, sustainability and innovation among factors shaping work attitudesFinancial Times - Business -
Amazon cloud sales growth accelerates as group prepares for more AI spending
Ecommerce company’s operating income more than triples as Amazon Web Services and adverts provide a boostFinancial Times - Business -
An S&P 500 correction, or a possible meltdown in Asian currencies, could be brewing. Here’s why.
Our call of the day from TS Lombard flags worrying signs on the labor market, and Asian currencies that need things to go just right for the U.S. economy.MarketWatch - Business -
Apex Legends Trailer Reveals Season 21's Dimension-Hopping New Legend
Apex Legends Season 20: Breakout is nearing its end, and today, developer Respawn Entertainment gave players a taste of what's coming in Season 21 via a new episode of Stories From The Outlands, entitled Based On A True Story. The episode ...GameSpot - Tech -
'I Saw the TV Glow' is one of 2024's buzziest films. It took Jane Schoenbrun a lifetime to make it
Since its debut at the Sundance Film Festive, Jane Schoenbrun's “I Saw the TV Glow" has been hailed as an acutely intense psychodrama of self discoveryABC News - Entertainment -
Binance co-founder Zhao set to keep on growing his $33 billion fortune even as he heads to prison for four months
Binance founder Changpeng Zhao expected to see his $33 billion personal fortune continue to climb while he's in prison.CNBC - Business -
Trump could drive inflation higher with his second-term economic agenda, analysts say
Donald Trump has blamed President Joe Biden for stubbornly high inflation during Biden's presidency.CNBC - Business - Donald Trump -
Ron Insana: The 2024 inflation scare has arrived, but there are still signs of hope for investors
Recent inflation readings have come in hot, but commodity prices and other indicators seem to show signs of cooling.CNBC - Business -
Lahart's Take: 'Catch-Up' Inflation Categories Might Be Destined to Cool, But That Doesn't Mean They Don't Hurt
One reason inflation has stayed uncomfortably high this year is price measures for some items are still catching up with inflation pressures that already happened. Unfortunately this doesn’t mean they can be ignored.The Wall Street Journal - World -
Trump tariffs, tax cuts and interest rates likely to fuel inflation, Wall Street and economists agree
Former President Donald Trump is building a second-term economic agenda that analysts say could reheat the very inflation that he has slammed President Joe Biden for creating.NBC News - Top stories - Donald Trump -
Fed Says Inflation Progress Has Stalled, Extends Wait-and-See Rate Stance
U.S. central bank officials also approved a plan to slow the continuing reduction of their $7.4 trillion asset portfolio.The Wall Street Journal - World - Federal Reserve -
Fed holds interest rates at 23-year high as inflation continues to push back timing of a rate cut
The Federal Reserve said Wednesday it will hold interest rates at a 23-year high, making borrowing tougher for everything from car loans to mortgages.CNN - Top stories - Federal Reserve -
Fed Says Inflation Progress Has Stalled, Extends Wait-and-See Rate Stance
U.S. central bank officials also approved a plan to slow the continuing reduction of their $7.4 trillion asset portfolio.The Wall Street Journal - World - Federal Reserve -
Here's everything to expect from the Fed meeting that will move markets on Wednesday
Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.CNBC - Business - Federal Reserve -
The Slamdance Film Festival is moving to Los Angeles with its next edition
Founded by filmmakers who had been rejected by Sundance, Slamdance is stepping out of Park City's shadow, relocating to Los Angeles and picking February dates.Los Angeles Times - Entertainment -
Walmart to close its 51 health centers and virtual care service
Walmart is closing its health centers and virtual care service after struggling to find success with the offeringsABC News - Health -
Helldivers 2 Update Nerfs Some Of Its Best Weapons, But There's A Silver Lining
Helldivers 2's latest balance patch is here, and it's knocked some of Super Earth's favorite weapons down a peg.Players are lamenting nerfs to popular weapons like the LAS-99 Quasar Cannon, which was only recently introduced and proved to be a ...GameSpot - Tech -
Walmart to close its 51 health centers and virtual care service
After growing the initiative to 51 clinics in five states, the company says, 'Inc. - Business -
PG&E Seeks Approval to Sell Stake in Its Power Operations
California’s largest utility said its proposed deal with the global investment firm KKR could reduce customer rates by $100 million over 20 years.The New York Times - Business -
Charlotte Mourns 4 Officers Killed in Shooting While Serving Warrant
The killing of the four officers in a usually quiet neighborhood, where a running gun battle left people scrambling for cover, stunned residents and brought anguish across the city.The New York Times - Top stories -
Poland is still not ready to adopt the euro, its finance minister says
Twenty years after Poland joined the European Union, its finance minister says the country is still not ready to adopt the euro currencyABC News - World -
‘It’s not the Zambezi, but the Tweed has its moments’: canoeing in the Scottish Borders
A 30-mile route has opened up along this spectacular river that’s great for beginners but has challenges for more experienced paddlers too. It was a morning of brooding green banks and dark skies on the River Tweed. Heavy rains had hit southern ...The Guardian - World -
Mini’s new all-electric Aceman looks fun, and in a category of its own
The 2025 Mini Aceman is sort of like a subcompact luxury hatchback. It’s larger than a Cooper and smaller than a Countryman.MarketWatch - Business -
Even With Gaza Under Siege, Some Are Imagining Its Reconstruction
International development agencies have been meeting with Middle East business interests and urban planners to map out an economic future for the territory.The New York Times - Business -
What to Watch for at Today’s Fed Meeting on Interest Rates
Policymakers are expected to leave borrowing costs unchanged, but investors are bracing for signals that rates will stay higher for longer.The New York Times - Top stories - Federal Reserve -
Amazon Offers Its Q AI Assistant to Business Users
Looking beyond e-commerce storefronts,Amazon's AI system is aimed at allbusinesses, and can evenwrite code to support them.Inc. - Business - Amazon -
NASCAR and Its Race Teams Fight Over the Sport’s Future
Team owners said they needed to share in racing’s financial success, putting them at odds with the privately held business that runs the sport.The New York Times - Business - NASCAR -
Mastercard sees healthy spending, expects strong dollar to impact revenue growth
Mastercard Inc. lowered its GAAP revenue outlook for the full year, but not because it has a more cautious view of the spending landscape.MarketWatch - Business -
NASCAR and Its Race Teams Fight Over the Sport’s Future
Team owners said they needed to share in racing’s financial success, putting them at odds with the privately held business that runs the sport.The New York Times - Top stories - NASCAR -
CoreWeave raises $1.1B to expand its GPU cloud infrastructure network
CoreWeave's new $1.1 billion investment will help bring its GPU cloud infrastructure to more places worldwide in support of AI development.VentureBeat - Tech -
Major U.S. stock indexes ended on another low note, with the S&P 500, Nasdaq and Dow shedding 1.6%, 2% and 1.5%, respectively.
Major U.S. stock indexes ended on another low note, with the S&P 500, Nasdaq and Dow shedding 1.6%, 2% and 1.5%, respectively.The Wall Street Journal - World -
Pinterest’s stock soars 17% on big revenue and profit beat, 500 million monthly active users
Pinterest Inc.’s stock soared in extended trading Tuesday following quarterly results and revenue guidance that exceeded Wall Street estimates.MarketWatch - Business -
Starbucks’ stock sinks 12% as ‘cautious’ consumers, more headwinds hit profit, revenue
Starbucks reported fiscal second-quarter earnings late Tuesday that were wide off the mark.MarketWatch - Business -
CVS shares plummet as health company slashes profit outlook on higher medical costs
CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.CNBC - Business -
Pfizer beats earnings estimates, raises outlook on cost cuts and smaller-than-feared drop in Covid drug sales
The pharmaceutical giant's quarterly results also benefited from a smaller-than-feared drop in sales for its Covid antiviral pill Paxlovid.CNBC - Business - Covid -
Pinterest Records Higher Revenue, Narrower Loss
The social-media platform surpassed half a billion monthly active users and reporting 23% revenue growth, its fastest user and revenue growth since 2021. Shares rose 16% premarket.The Wall Street Journal - World -
NYCB shares jump 30% after CEO gives two-year plan for 'clear path to profitability'
CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.CNBC - Business -
How Berkshire Hathaway's Annual Meeting Became a Hotspot for Romantic Mergers
Warren Buffett has sold engagement rings and been wingman on marriage proposals for couples who come to the Omaha gatheringThe Wall Street Journal - World