January 1 Brings Raise Day for Millions Across the US
A new study suggests that the implementation of higher minimum wages across 22 states on January 1 will benefit over 10 million workers economically.
Dec 27, 2023 7:10 AM EST
SoftBank Makes Billions on T-Mobile, Investors Cheer
The announcement that SoftBank Group Corp will get shares in telecom T-Mobile US valued at about $7.59 billion at no additional cost caused a 5% increase in the Japanese conglomerate's stock.
Apple Fights for Watch Future as US Ban Looms Large
In response to a complaint from the medical monitoring technology firm Masimo, Apple on Tuesday challenged a decision to prohibit imports of its watches after U.S. The administration of President Joe Biden chose not to veto a federal tribunal.
Americans Defy Inflation Blues with Booming Holiday Spending
According to the most recent assessment, holiday sales increased this year and spending held steady over the shopping season despite Americans grappling with rising costs in certain places and other financial concerns.
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Nasdaq Ready to Rocket in 2024? This "Magnificent Seven" Stock Could Lead the Charge
Though it is already fading in memory, Wall Street's worst performance in recent memory was the market turmoil of 2022. As of Tuesday's market closing, the Nasdaq Composite had risen 43% this year after falling more than 35% the previous year.
Dec 26, 2023 11:50 AM EST
Delimobil Gears Up for Historic Public Offering in 2024
Three finance sources said on Monday that Delimobil, a car-sharing firm, would be the first Russian company to make a long-awaited initial public offering (IPO) in 2024. The listing could raise up to 4 billion roubles ($43.5 million).
Dec 26, 2023 11:00 AM EST
El Niño's Weather Woes Could Make Your Holiday Desserts Costly
A specialized agricultural and agribusiness bank predicts that customers will likely see a massive price increase for raw commodities affected by El Niño in 2023. Thus far this year, soft commodities have seen enormous gains.
Dec 25, 2023 9:38 PM EST
Karuna Soars 47% After $14B Bristol Myers Buyout
On Friday, Bristol Myers Squibb said that it has reached a deal to purchase Karuna Therapeutics, a biopharmaceutical business, for $14 billion in cash, or $330 per share.
Dec 23, 2023 11:03 AM EST
US Inflation Crashes, Easing Economic Pressure
Another indication that inflation is abating and that Americans should profit from lower interest rates and be spared from excruciating price shocks in 2024 is the Federal Reserve's preferred price index, which decreased last month.
Dec 23, 2023 10:32 AM EST
Nike & Foot Locker Crumble as Growth Projections Shrink
Nike's stock fell on Friday after the sportswear manufacturer reduced its forecast for fiscal year sales, citing Foot Locker as a major source of income.
Dec 23, 2023 9:45 AM EST
Wall Street Gets Shaken: First-Ever Major Bank Unionization Vote Rocks Wells Fargo
Employees at a Wells Fargo bank in New Mexico have voted to unionize, marking the first time in modern history that workers at a major U.S. bank have sought to organize.
Dec 22, 2023 8:34 AM EST
SEC Ready to Unleash Spot Bitcoin ETF, Potentially Reshaping Crypto Landscape
Large money management businesses are growing increasingly hopeful that the Securities and Exchange Commission (SEC) will create crypto history in early January by authorizing the first "spot" bitcoin exchange-traded fund.
Dec 21, 2023 9:44 PM EST
Forget Crypto FOMO, This $35 Stock Could Be the Real Gold Rush
In addition to having a sizable digital entertainment (gaming) sector and a developing digital financial services platform, Sea Limited's primary business is e-commerce, much like Amazon's.
Dec 21, 2023 11:10 AM EST
TikTok Takes on Recession: Viral "Silent Depression" Claim Shakes Up Economic Experts
Some social media users claim that although the U.S. economy has stayed amazingly robust, affordability is at an all-time low, even when compared to the Great Depression.
Dec 21, 2023 10:03 AM EST
'Vanilla' Gift Cards Accused of Fueling Easy Holiday Scams
A prominent prepaid card issuer is being sued for allegedly failing to prevent one of the most prevalent scams from using its cards.
Dec 21, 2023 9:09 AM EST
IRS Delivers $1 Billion Penalty Gift, Check Your Eligibility Now!
For the tax years 2020 and 2021, the IRS is waiving penalty penalties for taxpayers who failed to pay back taxes totaling less than $100,000 annually. The IRS said on Tuesday that the relief plan will waive $1 billion in fees for tax returns submitted for those years.
Dec 21, 2023 6:09 AM EST
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