Business News
Check out what’s clicking on FoxBusiness.com. Four Los Angeles residents stand accused of defrauding insurance companies when they claimed a bear broke into their luxury cars and damaged vehicles, but investigators determined the wild animal was a human in costume. In what was aptly dubbed “Operation Bear Claw,” the California Insurance Department said Ruben Tamrazian, … Read more
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s new home prices in October fell the most year-on-year since 2015, official data showed on Friday, suggesting a barrage of support measures to stabilise the crisis-hit property sector has had little impact so far. In annual terms, new home prices slid 5.9% in October, in their … Read more
Chancellor Rachel Reeves and Bank of England governor Andrew Bailey have joined forces to call for Britain to rebuild ties with the EU, amid fears of a possible transatlantic trade war with US president-elect Donald Trump. In a highly unusual move, both Reeves and Bailey used keynote speeches at the annual Mansion House dinner on … Read more
In early November, Shayne Coplan had a week he will remember for the rest of his life: He received a phone call from the highest echelons of Mar-a-Lago. He went on TV for the first time. And he had his New York City apartment raided by the FBI. The eventful few days underscore the precarious … Read more
Infosys co-founder Narayana Murthy isn’t mincing words when it comes to his views on work-life balance. Known for his unapologetic stance, Murthy has doubled down, declaring he’s “disappointed” with India’s shift from a six-day workweek to five back in 1986. “I am sorry, I have not changed my view. I will take this with me … Read more
(Bloomberg) — US auto stocks and Asian battery makers fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric-vehicle adoption. Most Read from Bloomberg Trump’s transition team has been discussing ending the $7,500 subsidy as part of a broader tax-reform effort, Reuters said, citing unidentified sources … Read more
bodnarchuk/iStock via Getty Images Paulson & Co. exited its position in AngloGold Ashanti (NYSE:AU) in Q3, according to the fund’s latest 13F filing. The fund increased its stake in Madrigal Pharmaceuticals. Paulson & Co. also reduced its position in Altice USA (ATUS) in
A ship, reportedly operated by Royal Caribbean, experienced a major tilt during bad weather earlier this month. (Credit: Kennedy News Media/bookeeping.ai) Royal Caribbean cruise guests reportedly felt their ship tilt during some bad weather last week. The ship experienced the bout of bad weather near Tenerife, Spain, Nov. 7, causing it to tilt to what … Read more
Lenovo delivers robust, sustainable, and accelerated growth – focus on hybrid AI driving market differentiation and industry leadership HONG KONG–(BUSINESS WIRE)–Lenovo Group (OTC:) Limited (HKSE: 992) (ADR: LNVGY), together with its subsidiaries (˜the Group’), today announced Q2 results for fiscal year 2024/25, reporting significant increases and growth in net income, year-on-year revenue growth for the … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump will nominate Jay Clayton, the former head of the Securities and Exchange Commission, as US attorney for the Southern District of New York, one of the most prestigious prosecutorial posts with … Read more