Banana auction billionaire's $30 million investment in Trump's crypto token highlights new ways to enrich president-elect

Abercrombie expects a strong holiday quarter as growth run continues

Abercrombie & Fitch is expecting a strong holiday shopping season, and the arrest of its former CEO Mike Jeffries for sex trafficking did not seem to hit sales.

Published: 2024-11-26 12:36:20

Amgen says obesity drug caused up to 20% weight loss after a year, with no plateau

The results shed light on how MariTide may measure up to weight loss injections from Novo Nordisk and Eli Lilly and other experimental treatments.

Published: 2024-11-26 12:41:17

Best Buy cuts full-year sales forecast due to softer demand for consumer electronics

Best Buy is waiting for a wave of shoppers to replace old devices and upgrade to new, higher-tech ones after an approximately two-year sales slump.

Published: 2024-11-26 12:34:26

How Bluesky rose out of Twitter's ashes to challenge X and Threads

Bluesky could be on the verge of a turning point if it continues rapidly attracting users and finds a way to monetize without scaring them off.

Published: 2024-11-26 12:00:01

Trump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico

The president-elect plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post on his social media platform Truth Social.

Published: 2024-11-26 04:56:31

Crypto market sheds $180 billion in a day as bitcoin slides further from $100,000 milestone

Bitcoin's price retreated further from the psychologically important $100,000 milestone as investors booked profits from the token's post-U.S. election gains.

Published: 2024-11-26 12:16:12

Republicans gear up for the coming battle over $5 trillion tax cut's costs

Republicans are united on extending the 2017 tax cuts, but at odds on how to offset the cost.

Published: 2024-11-25 21:44:06

U.S. stock and bond markets love Trump's pick of Bessent for Treasury — here's why

Trump said he will pick the Wall Street figure to take on his administration's most important economic role.

Published: 2024-11-25 19:52:51

Jim Cramer warns of market 'excess' as stocks surge

CNBC's Jim Cramer on Monday described signs of "excess" he sees across market sectors.

Published: 2024-11-25 23:51:50

Walmart pulls back on DEI efforts, removes some LBGTQ merchandise from website

The big-box retailer, the nation's largest, joins a growing list of companies feeling the heat from conservative activists.

Published: 2024-11-26 02:57:36

Warren Buffett suggests all parents do one thing before they die, whether they have 'modest or staggering wealth'

Warren Buffett has advice for all parents, regardless of their wealth: let your adult children read your will before you sign it.

Published: 2024-11-25 20:14:16

Macy's delays earnings release as it says employee hid up to $154 million in delivery expenses

Macy's delayed its results after it discovered an issue related to the reporting of delivery expenses.

Published: 2024-11-25 21:29:48

Banco BPM says UniCredit's 'unusual' $10.5 billion takeover offer does not reflect its profitability

UniCredit offered to snap up Banco BPM for roughly $10.5 billion on Monday.

Published: 2024-11-26 12:22:51

Zoom surpasses expectations and calls for another quarter of single-digit growth

Zoom's business is still growing, but not nearly at the rate of expansion during the Covid-19 pandemic.

Published: 2024-11-25 23:22:44

Here's why our lone energy stock is falling despite a surge in natural gas prices

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Published: 2024-11-25 19:21:10

Starbucks baristas can't view their schedules after ransomware attack on vendor

Starbucks baristas are not able to view and manage their schedules because of a ransomware attack on one of the company's vendors.

Published: 2024-11-25 20:56:37

How Elon Musk’s plan to slash government agencies and regulation may benefit his empire

Donald Trump has said the Department of Government Efficiency would end government “bureaucracy,” relax “excess” regulations and cut “wasteful” expenditures.

Published: 2024-11-22 17:25:23

Adani Group's troubles keep growing as financial and legal headwinds get stronger

Adina Group's troubles are only growing as financial and legal headwinds get stronger

Published: 2024-11-26 07:19:03

39-year-old self-made millionaire: 3 habits help me build wealth and succeed as an introvert

Crush Your Money Goals founder and self-made millionaire Bernadette Joy is an introvert. Here's how she successfully promotes herself and her work online.

Published: 2024-11-26 12:15:01

San Francisco Mayor-elect Daniel Lurie taps OpenAI's Sam Altman and other business leaders for help with transition

San Francisco's Mayor-elect, Daniel Lurie, has begun tapping tech heavyweights and business leaders to help with his goal of overhauling the city's image.

Published: 2024-11-25 21:44:44

Kohl's CEO Tom Kingsbury to step down in January, to be replaced by Michaels CEO Ashley Buchanan

Kohl's CEO Tom Kingsbury is stepping down on Jan. 15, to be replaced by current Michaels CEO Ashley Buchanan.

Published: 2024-11-25 21:43:24

Huawei launches first phones capable of running its new self-developed operating system

Huawei launched the Mate 70, Mate 70 Pro and Mate 70 Pro+ and foldable Mate X6 on Tuesday that can run HarmonyOS NEXT, its self-developed operating system.

Published: 2024-11-26 09:36:48

Tim Cook and other U.S. executives attend China expo, meet officials as Trump tariff threat looms

A number of high-profile American business leaders are in China this week for the country's second annual international supply chain expo, including Apple's Tim Cook.

Published: 2024-11-26 07:08:57

How tech bros bought 'America's most pro-crypto Congress ever'

Crypto showed up in force this election cycle, raising tens of millions to vote out the industry's critics and vote in its friends.

Published: 2024-11-25 15:21:46

Orange partners with OpenAI, Meta to develop custom African-language AI models

Orange is working with OpenAI and Meta to build custom AI models that can understand West African languages not understood by most conversational systems.

Published: 2024-11-26 11:00:01

Video platform Rumble plans to buy up to $20 million in bitcoin in new treasury strategy

Conservative video platform Rumble said it will begin allocating some of its excess cash reserves to bitcoin and could buy up to $20 million in the crypto.

Published: 2024-11-26 01:47:37

Intel and Commerce Department close to finalizing roughly $8 billion CHIPS Act grant, source says

The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the CHIPS Act money a welcome boost.

Published: 2024-11-25 16:55:52