Story archive

ACS explores takeover of German subsidiary Hochtief, Bloomberg reports

Islamist militants force Ebola patients to flee in deadly Congo raid

Kenyan cult leader sentenced to 200 years in prison for mass starvation murders of children

Central banking veterans Knot and de Cos in race to replace Lagarde at ECB

Canada’s unemployment rate hits six-month high as economy sheds jobs in October

Poland stocks lower at close of trade; WIG30 down 1.37%

Chip Stocks Roar Back as Strong Data Sink Bonds

A rebound in chipmakers buoyed Wall Street as dip buyers emerged despite solid economic readings that reinforced speculation the Federal Reserve will boost rates in December.

AkzoNobel , Axalta gain conditional EU antitrust approval for $25 billion merger

Trump administration scraps meeting of high-profile tech panel

Southside Bancshares CAO April Pinkley sells $242,064 in stock

Is the AI stock bubble finally bursting?

IEA Sees 4,800 GW of New Renewables by 2031

The Strait of Hormuz crisis and the spike in fuel prices are pushing faster renewable energy deployment across the world, the International Energy Agency (IEA) said in a new report on Friday.

Wall Street's fear gauge may be flashing a buy sign

Hims & Hers struck a GLP-1 deal with Lilly. Its stock is rallying.

As part of the agreement, Hims said it won’t compound GLP-1 medications like Zepbound in the future.

US Job Growth Surged in October, Unemployment Rate Fell

US job growth surged in October and the unemployment rate edged lower, a sign of labor-market strength in an expanding economy.

UK dairy farmers face further pressure as milk processor cuts prices

Freshways lowers price paid to producers by 7p a litre, prompting warnings confidence in the sector is ‘at rock bottom’ “Milk is leaving the farm at a loss,” says dairy farmer Ian Harvey, as he warns confidence in the sector is “at rock bottom”.

Multiple Fed Rate Hikes Reasonable, Pimco's Wilding Says

Pimco Economist Tiffany Wilding says the US employment report does not change her outlook for a Federal Reserve rate hike in December.

Today’s a Good Day to Think About the Mechanics of Markets

The feedback loop.

Airbnb Moves on Revenue; DraftKings Sinks on Forecast Miss | Stock Movers

On this episode of Stock Movers: - Moderna (MRNA) shares are gaining after the vaccinemaker boosted its revenue growth guidance for the full year. The firm also posted revenue for the third quarter that beat the average analyst estimate.

Spain’s ACS Weighs Hochtief Takeover and Turner US Listing

Spanish engineering company ACS is considering strategic options for its listed German subsidiary Hochtief AG, including a potential takeover, according to people familiar with the matter.

Over a quarter of Gen Z say they’d choose their dream home over their dream job—and they’re moving back in with mom and dad to make it happen

Gen Z is willing to put career ambitions on the back burner to achieve the American Dream of homeownership.

Some Gen Z Trump voters switched sides over what one calls an ‘egregious betrayal’ on the economy and war

Home prices rose 30% while young households’ income grew 9%.

Can Labour unpick the immigration knot?

Anatomy of a Selloff: Sudden Chain Reaction Rattles Wall Street

It took around 24 hours for Wall Street’s response to the US midterm elections to turn negative. Once it did, it set in motion a chain reaction of selling that moved considerably faster.

US tech stock rout: is the AI bubble bursting?

After Thursday’s share price plunge on Wall Street, could the volatility be the start of a huge market meltdown? Global financial markets have been thrown into a tailspin as investors bet on an AI slowdown after the US midterm elections.

Spain Orders Olive Oil Mills to Hold Back Output to Lift Prices

Spain has ordered olive oil mills to withhold 12% of production to arrest a price slide caused by a glut.

U.S. economy added 165,000 jobs in October, way more than expected; unemployment rate slips to 4.1%

Nonfarm payrolls were expected to increase by 59,000 in October as the unemployment rate was expected to hold steady at 4.2%.

A.I. Was Supposed to Come for Our Jobs. So Far, Evidence Is Mixed.

White collar industries that are most exposed to artificial intelligence continued to add jobs in October, although that growth has been weak.

Billionaires Ray Dalio and Richard Branson hate workplace gossip—but men who do it could face a steeper career penalty than women, study finds

New research found that men who gossip are perceived as less competent and less qualified for leadership roles than women who engage in the same behavior.

Bill Gates believes a billionaire’s tax is the only option in the age of AI—and ‘whatever’s left over’ can be used as a philanthropic safety net