Business News

By Davide Barbuscia (Reuters) -President-elect Donald Trump’s choice of Scott Bessent for Treasury secretary could lift some of the gloom that has pervaded the sagging U.S. government bond market in recent weeks, investors said. Trump on Friday said he had chosen Bessent, a prominent investor, as Treasury secretary, a key cabinet position with vast influence … Read more

Norwegian Cruise Line Holdings President and CEO Harry Sommer details what’s behind surging travel demand and how the company has eliminated any safety concerns and adverse impacts from COVID. The latest addition to the Walt Disney Company’s growing fleet of cruise ships – the Disney Treasure – made its official entrance this week. The nearly … Read more

By Daniel Trotta (Reuters) -U.S. President-elect Donald Trump on Friday chose family medicine doctor and Fox News contributor Janette Nesheiwat to be surgeon general, again showing preference for a television personality as the face of his incoming administration. “Dr. Nesheiwat is a fierce advocate and strong communicator for preventive medicine and public health,” Trump said … Read more

Artificial intelligence (AI) was hot again this week, and it wasn’t just Nvidia‘s (NASDAQ: NVDA) earnings that were in focus. Super Micro Computer (NASDAQ: SMCI) was the huge winner, as it put forth a plan to become compliant with Nasdaq listing requirements. According to data provided by S&P Global Market Intelligence, Super Micro Computer’s shares … Read more

The Corcoran Group founder Barbara Corcoran argues that a massive mortgage rate drop would be ‘tremendous’ for the markets during an appearance on ‘Cavuto: Coast to Coast.’ America’s real estate market is flipping between hot and cold, and the Corcoran Group matriarch is pointing out one factor that could keep buyers and sellers warm through … Read more

By Kate Abnett and Valerie Volcovici BAKU (Reuters) -The European Union, United States and other wealthy countries at the COP29 climate summit have agreed to raise their offer of a global finance target to $300 billion per year by 2035, sources told Reuters on Saturday. The summit had been due to finish on Friday but … Read more

Voters who returned Donald Trump to the Oval Office in hopes that living costs would return to the halcyon days before the pandemic may be in for a shock.  Arkansas-based Walmart, the world’s largest retailer that traditionally has catered to working- and middle-class Americans, warned the President-elect’s plans to hike import duties across the board … Read more

Are You Rich Enough To Benefit From Trump’s Tax Breaks? Here’s How Much You’d Need To Be Part Of The Top 5% With President-elect Donald Trump gearing up to extend his signature tax policies, one big question looms: who wins with these cuts? Spoiler alert – it’s not your average Joe. If you’re pulling in … Read more

SEC Commissioner Mark Uyeda details the three main steps President-elect Trump will take to end the ‘war on crypto.’ As the U.S. Securities and Exchange Commission (SEC) readies for a shake-up under President-elect Donald Trump, one of the agency’s commissioners is fully backing the tentative cryptocurrency plan – and emerging as one of the next … Read more

By Mohamed Ezz and Valerie Volcovici ALEXANDRIA, Egypt/BAKU (Reuters) – Black dust coats streets and collects on rooftops in the neighbourhood adjoining a sprawling cement factory in the Egyptian city of Alexandria. Activists and local residents accuse the plant operated by the Alexandria Portland Cement Company (APCC), a subsidiary of Greece’s Titan Cement, of fouling … Read more