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Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraud
The founder of Archegos Capital Management, a hedge fund, has been sentenced to 18 years in prison for his conviction in a securities and market manipulation fraud that prosecutors say cost global investment banks billions of dollars
November 20, 2024US ahead in AI innovation, easily surpassing China in Stanford's new ranking
The U.S. leads the world in developing artificial intelligence technology, surpassing China in research and other important measures of AI innovation, according to a newly released Stanford University index
November 20, 2024Ford to cut 4,000 jobs in Europe as it faces economic headwinds and weak EV sales
Ford is cutting its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker-than-expected sales of electric cars
November 20, 2024
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2 hours ago
Afraid of losing the US-Canada trade pact, Mexico alters its laws and removes Chinese parts
Mexico has been taking a bashing for allegedly serving as a conduit for Chinese parts and products into North America
2 hours ago
November 23
Moody's credit rating upgrade for Cyprus opens the door to investment, president says
The president of Cyprus says Moody’s two-notch credit ratings upgrade to A3 from Baa2 will open the threshold to quality foreign investment that will generate new jobs
November 23
November 23
Hydrate. Make lists. Leave yourself time. And other tips for reducing holiday travel stress
Travel, especially during the holiday season, can be stressful
November 23
November 22
UN talks in disarray as a rough draft deal for climate cash is rejected by developing nations
As nerves frayed and the clock ticked, negotiators from rich and poor nations were huddled in one room Saturday during overtime United Nations climate talks to try to hash out an elusive deal on money for developing countries to curb and adapt to clima...
November 22
November 22
What to know about Lori Chavez-DeRemer, Trump's pick for labor secretary
President-elect Donald Trump has named Oregon Rep. Lori Chavez-DeRemer to lead the Department of Labor, elevating a Republican congresswoman who has strong support from unions in her district but lost reelection in November
November 22
November 22
Trump taps a Fox News personality, a surgeon and a former Congressman to lead public health agencies
President-elect Donald Trump has nominated a critic of COVID-19 health measures to lead the Food and Drug Administration
November 22
November 22
Trump says former NFL player, White House aide Scott Turner is his nominee for housing and urban development secretary
Trump says former NFL player, White House aide Scott Turner is his nominee for housing and urban development secretary
November 22
November 22
What to know about Scott Bessent, Trump's pick for treasury secretary
President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary
November 22
November 22
Trump has chooses GOP U.S. Rep. Lori Chavez-DeRemer as his nominee to lead the Labor Department
Trump has chooses GOP U.S. Rep. Lori Chavez-DeRemer as his nominee to lead the Labor Department
November 22
November 22
Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor
President-elect Donald Trump has chosen hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary
November 22
November 22
Trump says he will nominate former George Soros money manager Scott Bessent to lead the Treasury Department
Trump says he will nominate former George Soros money manager Scott Bessent to lead the Treasury Department
November 22
November 22
Charlotte airport workers voting on whether to strike during busy Thanksgiving travel week
Service workers at Charlotte Douglas International Airport are voting on whether to go on a 24-hour strike around Thanksgiving amid complaints about low wages and poor working conditions
November 22
November 22
Ground beef recalled due to E. coli concern
Wolverine Packing Co. has recalled 167,277 pounds of ground beef due to possible E. coli contamination.
November 22
November 22
How major US stock indexes fared Friday, 11/22/2024
Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average
November 22
November 22
Fox attorneys seek to dismiss shareholder lawsuit over reporting of vote rigging allegations in 2020
Attorneys for Fox Corp. are asking a Delaware judge to dismiss a lawsuit seeking to hold current and former company officials personally liable for the financial fallout from Fox News reports regarding alleged vote rigging in the 2020 election
November 22
November 22
Even with access to blockbuster obesity drugs, some people don't lose weight
Most people taking popular drugs like Ozempic and Wegovy to lose weight have shed significant pounds
November 22
November 22
Supreme Court steps into fight over FCC's $8 billion subsidies for internet and phone services
The Supreme Court has stepped into a major legal fight over the $8 billion a year the federal government spends to subsidize phone and internet services in schools, libraries and rural areas, in a new test of federal regulatory power
November 22
November 22
Atlantic City casino earnings fall nearly 14% in 3rd quarter
Atlantic City’s casinos saw their operating profits decline by nearly 14% in the third quarter of this year
November 22
November 22
Bitcoin soars to record high in quest to exceed $100,000
The largest cryptocurrency exceeded $98,000 Thursday before falling back down to about $97,600.
November 22
November 22
At least 19 people are sick in Minnesota from ground beef tied to E. coli recall
U.S. health officials say at least 19 people in Minnesota have been sickened by E
November 22
November 22
UPS to pay $45M to US settle charges that it improperly valued its freight division
United Parcel Service Inc. will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday
November 22
November 22
Switzerland bars exports to Polish firm after Swiss-made ammunition ends up in Ukraine
The Swiss government says it is barring exports to a Polish military hardware supplier after concluding that some 645,000 rounds of Swiss-made small-caliber ammunition ended up in Ukraine in violation of Swiss law
November 22
November 22
Hyundai, Kia recall over 208,000 electric vehicles to fix problem that can cause loss of power
Hyundai and Kia are recalling over 208,000 electric vehicles to fix a pesky problem that can cause loss of drive power, increasing the risk of a crash
November 22
November 22
German auto supplier Bosch to cut 5,500 jobs in further sign of carmakers' woes
Germany's technology and services company Bosch is cutting its automotive division workforce by as many as 5,500 jobs in the next several years, in another sign of the headwinds hitting the German and global auto industries
November 22
November 22
German auto technology supplier Bosch to cut 5,500 jobs, citing stagnant demand for cars and new technology
German auto technology supplier Bosch to cut 5,500 jobs, citing stagnant demand for cars and new technology
November 22
November 22
Amazon to invest an additional $4 billion in AI startup Anthropic
Amazon is investing an additional $4 billion in the artificial intelligence startup Anthropic as major technology companies rush to fund generative AI
November 22
November 22
Disabled Americans rely on rideshare apps but say they still face discrimination
Disabled rideshare users have for years reported having less access to Lyft and Uber than able-bodied people
November 22
November 22
Apple and Google face UK investigation into mobile browser dominance
A British watchdog says Apple and Google aren't giving consumers a genuine choice of mobile web browsers
November 22
November 22
DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit
DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company
November 22
November 22
What do hundreds of beavers have to do with the future of movies?
The low-budget movie “Hundreds of Beavers” has turned into a lo-fi legend
November 22
November 22
ExxonMobil could partner up with Eni and Total to jointly develop natural gas deposits off Cyprus
Cyprus’ energy minister says ExxonMobil could partner up with a consortium composed of Eni of Italy and Total of France to jointly develop gas deposits they’ve discovered close to each other off the island nation’s southern coast
November 22
November 22
McDonald's to expand US value menu as fast food chains battle for bargain seekers
McDonald’s will expand its U.S. value menu early next year as it continues to try to win back inflation-weary customers
November 22
November 22
London's Gatwick Airport re-opens its South Terminal after a suspicious package triggers an alert
London’s Gatwick Airport said it is reopening its South Terminal after police resolved a security alert triggered when a suspicious item was found in a passenger’s luggage
November 22
November 22
US budget airlines are struggling. Will pursuing premium passengers solve their problems?
Delta and United Airlines have become the most profitable U.S. airlines by targeting premium customers while also winning a significant share of budget travelers
November 22
November 22
Japan passes $250B economic package meant to lift wages and spur growth
Japan has approved a $250 billion economic stimulus package centered around initiatives intended to boost incomes
November 22
November 22
China is expanding visa-free entry to more countries in bid to boost economy
China is going to expand visa-free entry to citizens of nine more countries as it seeks to boost tourism and business travel to help revive a sluggish economy
November 22
November 22
Indigenous leaders travel to UK from Peru to draw attention to oil damage and banking
Indigenous leaders from the Wampis Nation in Peru are urging lawmakers at the House of Commons in London to ban international banks’ support for Amazon oil activities they say harm their ancestral rainforests
November 22
November 22
US bribery and fraud charges are a big test yet for India's Adani, one of Asia's richest men
Indian tycoon Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery
November 22
November 22
Australia rejects Elon Musk's claim that it plans to control access to the internet
An Australian Cabinet minister has rejected X Corp. owner Elon Musk’s allegation that the government intends to control all Australians' access to the internet through legislation that would ban young children from social media
November 22
November 22
Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says
A senior Chinese official says higher tariffs on Chinese exports will backfire by boosting prices paid by consumers
November 22
November 22
The Bahamas will refinance part of its debt to protect its famous turquoise waters
The Bahamas says it will refinance $300 million of its external debt to free up more than $120 million for marine conservation projects and climate change mitigation
November 22
November 22
A proposed deal on climate cash at UN summit highlights split between rich and poor nations
A new draft of a deal on money to curb and adapt to climate change released Friday afternoon at the United Nations climate summit pledged $250 billion annually by 2035 from wealthy countries to poorer ones
November 22
November 22
Indonesia's Prabowo plans to retire all fossil fuel plants in 15 years, but experts are skeptical
Indonesian President Prabowo Subianto has announced that his government plans to retire all coal and other fossil fuel-powered power plants within 15 years, while drastically boosting renewable energy capacity
November 22
November 21
Stock market today: Wall Street gains ground as it notches a winning week and another Dow record
Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average
November 21
November 21
Cities fear an economic doom loop as offices sit empty
ABC News’ Alexis Christoforous traveled to Boston, where vacant office buildings are being turned into apartments with many employees still working from home, while small businesses struggle.
November 21
November 21
Cutting in line? American Airlines' new boarding tech might stop you at now over 100 airports
Sneaking a little ahead of line to get on that plane faster
November 21
November 21
Next week: Bath & Body Works, consumer confidence, Fed meeting minutes
Retailer Bath & Body Works offers up its latest financial results on Monday, and on Tuesday the Conference Board issues its consumer confidence report for November
November 21
November 21
Retirement plans are changing in 2025: What to know
Ages 60 to 63 will get a new, supersize limit for their 401(k) contributions.
November 21
November 21
Canada's Irving Tissue plans a $600 million factory expansion in Georgia, hiring 100 more workers
A Canadian company will spend $600 million to expand its tissue paper mill in Georgia, hiring 100 more workers
November 21
November 21
Rental home investors poised to benefit as mortgage rates, high home prices sideline buyers in 2025
Elevated mortgage rates, rising home prices and other U.S. housing market trends that have kept many would-be homebuyers on the sidelines are likely to remain hurdles next year, driving solid demand for single-family rental houses, analysts say
November 21