Business News
‘Fox & Friends First’ co-host Todd Piro reacts to NBC’s Chuck Todd saying Trump’s Cabinet picks are fueled by revenge on ‘Varney & Co.’ Recent comments from a head marketing director at Jaguar are now drawing attention after the brand launched a polarizing rebrand of the luxury car company this week. During an appearance at … Read more
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund will assess U.S. President-elect Donald Trump’s tariff and tax-cut policies as details emerge, but it’s “too early to speculate” on their potential impacts, IMF spokesperson Julie Kozack said on Thursday. Kozack told the first regular press briefing since Trump’s Nov. 5 election victory that it … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Almost two years after a US short seller alleged Gautam Adani’s businesses had engaged in accounting fraud and stock market manipulation, India’s second-richest man faces federal criminal charges in the US. Prosecutors allege that Adani … Read more
On Thursday, U.S. Securities and Exchange Commission chair Gary Gensler announced on X that he would step down from his position on January 20, the date of President-elect Trump’s inauguration, marking the end of a turbulent tenure for the top regulator. Since entering office in April 2021, Gensler has battled with industry groups across Wall … Read more
Former minister and BJP leader Rajeev Chandrasekhar has issued a rebuttal to Congress leader Rahul Gandhi’s allegations linking Prime Minister Narendra Modi to industrialist Gautam Adani. Addressing a controversy stemming from a recent indictment in the United States involving alleged corruption and financial misrepresentation by a renewable energy company under the Adani Group, Chandrasekhar redirected … Read more
US stocks whipsawed Thursday as investors digested Nvidia’s (NVDA) earnings and a more than 6% tumble from Alphabet (GOOG, GOOGL) amid a Department of Justice move to break up its empire. The Dow Jones Industrial Average (^DJI) gained more than 500 points, or 1.2% while the S&P 500 (^GSPC) gained 0.5%. The tech-heavy Nasdaq Composite … Read more
Drew Angerer U.S. Securities and Exchange Commission Chair Gary Gensler, known for his adversarial stances with Wall Street and crypto, said he’ll step down as the agency’s chair on Jan. 20, 2025 at noon ET, coinciding with the day Donald Trump takes office.
Boyden Gray PLLC partner Michael Buschbacher discusses concerns of an electric vehicle mandate on ‘The Bottom Line.’ Ford Motor Co. expects a major reduction in its European workforce due to stricter emissions standards on electric vehicles, which the company cites as a key factor in its cutbacks. On Wednesday, the automotive giant announced that 4,000 … Read more
In a remarkable display of resilience, Sea Limited (NYSE:)’s stock has surged to a 52-week high, reaching a price level of $117.52. This significant milestone underscores the company’s robust performance and investor confidence, marking a substantial turnaround from its previous positions. Over the past year, Sea Limited has witnessed an impressive 211.81% change, reflecting a … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than $20bn in market value has been wiped off Gautam Adani’s corporate empire after US corruption charges against one of India’s richest men sent shares in his businesses from ports to power plants reeling. … Read more