Business News
Good morning! Best Buy CEO Corie Barry says Trump’s tariffs will raise electronics prices, Disney agrees to a $43.3 million settlement for a gender discrimination lawsuit, and Arcade AI’s multibillion-dollar idea starts with jewelry. – Jewel tones. So much of the AI boom is male-dominated, from the $19 billion raised last quarter alone to a … Read more
In a humorous twist this wedding season, Shaadi.com and Zepto have teamed up for a viral advertising campaign that has prompted other brands to join the playful banter. The collaboration began with a striking hoarding featuring ads from both companies, igniting conversation on social media. The Zepto advertisement, which also showcased the wedding wear brand … Read more
Stock futures were mostly down on Wednesday as Wall Street waited for the Federal Reserve’s preferred inflation gauge, the final major economic data due before the Thanksgiving holiday. Futures tracking the Dow Jones Industrial Average edged up 25 points, or 0.1%, while contracts tied to the S&P 500 were down 0.1%. Futures for the tech-heavy … Read more
glegorly Initial jobless claims for the week ended Nov. 23 fell by 2K to 213K vs. the 215K consensus and 215K prior (revised from 213K). The 4-week moving average was 217K, down 1,250 from the previous week’s revised average. The previous week’s average
National Tree Company CEO Chris Butler joins ‘Cavuto: Coast to Coast’ to discuss holiday sales forecasts and artificial Christmas trees. With the busiest shopping day of the year in the U.S. fast approaching, retailers and shoppers are preparing for Black Friday deals. Major retailers will kick off the holiday shopping season with steep discounts in-store … Read more
Investing.com — UBS analysts said in a note Wednesday that Commodity Trading Advisors (CTAs) have adopted a “risk-on” stance, with a notable preference for U.S. equities over European and Latin American stocks. According to the firm’s biweekly update on CTAs’ positioning and flows, equity beta exposure has remained stable despite subdued momentum across global markets in … Read more
Scott Bessent’s hedge fund notched its best returns with a contrarian bet against the Federal Reserve that the burst of US inflation in 2022 would prove more lasting than the central bank predicted. The wager made by the man Donald Trump picked last week to be his Treasury secretary saw Bessent’s Key Square Capital flagship … Read more
US consumers face “significant consequences” from President-elect Donald Trump’s proposed tariffs on Canada, according to Goldman Sachs Group Inc., with the bank casting doubt over its implementation. The 25% levy on all products from Canada proposed by Trump would likely raise the price of fuels in the US, Daan Struyven, the head of commodities research for … Read more
Nandan Nilekani, co-founder of Infosys and a driving force behind India’s digital revolution, recounted a pivotal moment from his youth that set the stage for his extraordinary career. Born in Bengaluru in the 1950s, Nilekani grew up in an era where children’s futures were often mapped out by their parents. For most, the options were … Read more
(Reuters) – Shares of Dell and HP fell on Wednesday after the personal computer makers issued forecasts that cast doubt on a market recovery driven by artificial intelligence-enabled PCs. Dell fell 13% in trading before the bell, with the company set to shed nearly $13 billion from its $99.50 billion market value, after it forecast … Read more