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

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

Published: 2024-11-25 15:38:29

Warren Buffett speaks out against creating family wealth dynasties, gives away another $1.1 billion

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"I've never wished to create a dynasty or pursue any plan that extended beyond the children," Buffett wrote in a lengthy letter Monday.

Published: 2024-11-25 16:19:43

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

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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 16:43:43

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

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

Published: 2024-11-25 16:49:46

Spanish retailer Mango to open 60 new U.S. stores as it looks to elevate the brand

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Barcelona-based Mango is looking to elevate its brand amid a broad U.S. expansion that will include 60 new stores and a new logistics center.

Published: 2024-11-25 13:00:01

Bitcoin's march to $100,000 stalls. Here's what's keeping it below the milestone

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Bitcoin is trading stubbornly below the $100,000 mark, putting the brakes on a blistering post-election rally.

Published: 2024-11-25 13:25:24

The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving

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After years of spending capital freely on all-electric and autonomous vehicles, automakers are starting to pull back.

Published: 2024-11-25 13:06:01

'Hamilton' star Anthony Ramos lived in New York City on $420 a week when the show first started: 'I was struggling'

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One pivotal moment helped Grammy-winning actor Anthony Ramos realize he wasn't managing his money responsibly. Here's what he learned from it.

Published: 2024-11-25 14:30:01

'Wicked' soars with $114 million domestic opening, 'Gladiator' snares $55.5 million

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Universal's "Wicked" tallied an estimated $114 million domestic opening and Paramount's "Gladiator II" is set to haul in $55.5 million.

Published: 2024-11-24 16:30:28

'Do I have a trust fund?' Viral 'teenager texts' highlight how little some kids know about money

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Chip Leighton's "teenager texts" on social media hilariously call out questions from kids to their parents, such as "Do I need to tip the eye doctor?"

Published: 2024-11-25 16:18:55

Russian food prices are soaring — but no one dares blame Putin and the war

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Russian President Vladimir Putin has denied that Russia has exchanged "butter for guns" and blamed the price rises on "unfriendly" countries.

Published: 2024-11-25 14:49:39

Why the U.S. is growing less food

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Fruit production is down nearly 36% in 2024 from 2003, while vegetable production is down 6.3%, according to the U.S. Department of Agriculture.

Published: 2024-11-22 13:00:01

Some Dems back Trump-pick Rubio for Secretary of State but remain critical of Hegseth, Gabbard and Gorka

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Trump has made a flurry of cabinet picks in the last two weeks and eyes are now on the U.S. Senate to confirm them.

Published: 2024-11-24 22:09:50

UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion

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Italian lender UniCredit says its offer for domestic rival Banco BPM is separate from its pursuit of German bank Commerzbank.

Published: 2024-11-25 16:42:59

Virgin Atlantic CEO says UK budget is 'tax on growth' with air duties set to rise

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Shai Weiss said that despite aviation's contribution to the economy, "all we've seen is an increase in Air Passenger Duty."

Published: 2024-11-25 14:17:43

We're adding this Bullpen stock to the portfolio and adding to a long-held position

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Two drug stock buys: a new name and an old favorite that has hit a rough patch.

Published: 2024-11-25 13:57:06

Data centers powering artificial intelligence could use more electricity than entire cities

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The growing size of data centers is raising questions about power, land and the environment.

Published: 2024-11-23 12:46:24

Can Starbucks fix long lines at its airport cafes?

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Starbucks CEO Brian Niccol has said airport stores' performance could improve.

Published: 2024-11-24 12:00:01

These key 401(k) plan changes are coming in 2025. Here's what savers need to know

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Starting in 2025, key 401(k) plan changes enacted via Secure 2.0 could make saving for retirement easier. Here's what investors need to know.

Published: 2024-11-23 14:00:01

Microsoft is finally testing its Recall photographic memory search feature. It's not perfect

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Microsoft on Friday finally started letting people test Recall, a so-called photographic memory search feature for the latest Copilot+ PCs. It's not perfect.

Published: 2024-11-23 13:00:01

20-year-olds borrowed $9,000 from their parents for a college startup—then launched a new business with sales of $1 million a month

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Winston Alfieri and Troy Bonde were just 20 and 21 when they came up with the idea for Sauz, which is now available at retailers around the country.

Published: 2024-11-25 14:43:45

Millennials say they plan to spend big this holiday season — 'I see a lot of optimism,' expert says

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Millennials plan to spend more than any other generation for the holidays, a new survey says. But using credit cards or payment plans may come at a high cost.

Published: 2024-11-24 14:00:01

41-year-old whose side hustle brings in $600,000 a year: This is the ‘best possible way' to make money

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Makeup artist Alexandra Rutkay launched Citymouse after growing frustrated by most diaper bags. Her side hustle now brings in six figures in annual revenue.

Published: 2024-11-22 23:05:19

Activist Ananym has a list of suggestions for Henry Schein. How the firm can help improve profits

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Ananym Capital is calling for changes at Henry Schein, which may help the company improve its profitability.

Published: 2024-11-23 12:47:51

Space vacations and retiring on Mars: SpaceX COO shares 3 visions for the company's future

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Gwynne Shotwell spoke with investor Ron Baron about interstellar travel, competition among space companies and the potential for better tech regulation.

Published: 2024-11-22 18:04:34

Nutritionist from Japan: The food I love eating every day—and that robust 90-year-olds in my life swear by

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"The most lively and robust elders in my life" eat this food, says Japanese nutritionist and longevity expert Michiko Tomioka. It "makes me feel healthier" too.

Published: 2024-11-25 15:53:59

The most you should pay for housing if you earn $80,000 a year

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Ideally, someone earning $80,000 would spend less than $2,000 a month on housing, but with rising costs, that’s often not realistic.

Published: 2024-11-25 14:09:36

'Wicked' tallies $19 million in previews, as 'Gladiator II' team-up heads for $200 million opening weekend

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"Wicked" and "Gladiator II" arrive ahead of the Thanksgiving holiday and are expected to tally more than $200 million in combined ticket sales.

Published: 2024-11-22 18:15:43

Happiness coach: 3 easy ways to 'flip the script' on stress and anxiety to 'pump up the joy' in your life

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If you're experiencing a stressful time at work or in your personal life, start keeping a joy journal, says happiness expert Jessica Weiss.

Published: 2024-11-23 14:15:01

At 17, he bought a sandwich shop for $125,000—he renamed it Jersey Mike's and just sold it for $8 billion

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On Tuesday, Peter Cancro entered an agreement to sell a majority of his company Jersey Mike's Subs to Blackstone for a reported $8 billion.

Published: 2024-11-25 14:01:55

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