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Magnificent 7 Stocks Falter: 5 Underperform Amid S&P 500's Strong Year
Business
2ย days, 22ย hours ago

Magnificent 7 Stocks Falter: 5 Underperform Amid S&P 500's Strong Year

The S&P 500 index, despite a 1.07% decline on Friday, remains up 16% year-to-date, driven largely by the Magnificent 7 tech stocks. However, only two of these stocks, Alphabet and Nvidia, have outperformed the market, with year-to-date gains of 63% a

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Coinbase Expands into Traditional Finance with Stock Trading and Prediction Markets
Business
4ย hours, 21ย minutes ago

Coinbase Expands into Traditional Finance with Stock Trading and Prediction Markets

Coinbase, a leading cryptocurrency exchange, has expanded its services by introducing stock trading and prediction markets through a partnership with Kalshi, marking a significant shift towards becoming a broader financial platform. The move, announc

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Rad Power Bikes Seeks Chapter 11 Protection, Aims to Sell Business Within 45-60 Days
Business
16ย hours, 25ย minutes ago

Rad Power Bikes Seeks Chapter 11 Protection, Aims to Sell Business Within 45-60 Days

Rad Power Bikes, a leading electric bike company, has filed for Chapter 11 bankruptcy protection and is seeking to sell the business within 45-60 days. The move will allow the company to continue operating while it pursues a sale, with the goal of pr

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Ford Takes $19.5 Billion Hit as Shift to Hybrid EVs Accelerates
Business
1ย day, 16ย hours ago

Ford Takes $19.5 Billion Hit as Shift to Hybrid EVs Accelerates

Ford is taking a $19.5 billion charge in 2026 due to a shift in customer demand, as the company ceases production of its original electric F-150 Lightning and focuses on a hybrid version. This move comes after CEO Jim Farley predicted the US EV marke

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California Regulators Threaten 30-Day Tesla Sales Suspension Over Self-Driving Marketing
Business
10ย hours, 29ย minutes ago

California Regulators Threaten 30-Day Tesla Sales Suspension Over Self-Driving Marketing

California's Department of Motor Vehicles is considering a 30-day sales suspension for Tesla, citing misleading marketing practices for its self-driving features. The proposed penalty stems from a judge's ruling that Tesla has deceptively advertised

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Father Christmas's Pay Stays Frozen at ยฃ15 as Elves See Slight Pay Rise
Business
16ย hours, 31ย minutes ago

Father Christmas's Pay Stays Frozen at ยฃ15 as Elves See Slight Pay Rise

Father Christmas's pay remains stagnant, with an average hourly rate of ยฃ15, unchanged from last year, despite taking on seasonal roles at various UK venues. In contrast, elves who assist in grottos have seen a slight increase in average pay, rising

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DEVELOPING: Roomba Maker Files for Bankruptcy Amid Crushing Debt and Tariff Burden
Business
2ย days, 18ย hours ago

DEVELOPING: Roomba Maker Files for Bankruptcy Amid Crushing Debt and Tariff Burden

iRobot, the US-based manufacturer of Roomba robot vacuums, has filed for bankruptcy due to crushing debt and the burden of tariffs imposed on its imported Vietnamese-manufactured products, with outstanding debts totaling $3.4 million to US Customs an

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Ben & Jerry's Ousts Three Board Members Amid Governance Shake-Up
Business
2ย days, 4ย hours ago

Ben & Jerry's Ousts Three Board Members Amid Governance Shake-Up

Ben & Jerry's has removed three independent board members, including Chair Anuradha Mittal, as part of a governance overhaul that introduces a nine-year term limit for board members. The move has sparked criticism from co-founder Ben Cohen, who views

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Coinbase Expands into Traditional Finance with Stock Trading and Predictive Markets
Business
10ย hours, 23ย minutes ago

Coinbase Expands into Traditional Finance with Stock Trading and Predictive Markets

Coinbase has expanded its platform to include stock trading, allowing users to buy and sell equities alongside cryptocurrencies, in a move that marks the company's significant foray into the broader financial sector. The introduction of stock trading

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Father Christmas Pay Stagnant, Elves See Slight Increase
Business
4ย hours, 31ย minutes ago

Father Christmas Pay Stagnant, Elves See Slight Increase

Father Christmas's pay remains stagnant at an average hourly rate of ยฃ15, unchanged from last year, while elves have seen a slight increase in average pay, rising to ยฃ12.48 per hour from ยฃ11.60. The pay disparity reflects the varying compensation str

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US Oil Blockade on Venezuela: A Devastating Blow to Maduro's Economy
Business
10ย hours, 23ย minutes ago

US Oil Blockade on Venezuela: A Devastating Blow to Maduro's Economy

The US oil blockade on Venezuela, announced by President Donald Trump, threatens to "devastate" the country's economy, which relies heavily on oil exports for over 80% of its foreign exchange revenues. The move could lead to hyperinflation, a weakene

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DEVELOPING: Inflation Figure Reveals Surprising Economic Boost
Business
22ย hours, 21ย minutes ago

DEVELOPING: Inflation Figure Reveals Surprising Economic Boost

The UK's inflation rate has unexpectedly slowed to 3.2%, a significant decrease from its peak of 11.1% in October 2022, driven primarily by a decline in food prices, which rose by 4.2% in the year to November, down from 4.9% in October. This slowdown

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Father Christmas Faces Pay Freeze as Elves Receive Slight Pay Hike
Business
10ย hours, 32ย minutes ago

Father Christmas Faces Pay Freeze as Elves Receive Slight Pay Hike

Father Christmas's pay remains stagnant at ยฃ15 per hour, a freeze from last year's rate, despite the holiday season's growing demand. In contrast, elves' average hourly wages have increased to ยฃ12.48, a 7.7% rise from ยฃ11.60 in 2024. The pay disparit

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Mid-Career Professionals Flee Stagnant Job Market, Turn to Further Education
Business
2ย days, 4ย hours ago

Mid-Career Professionals Flee Stagnant Job Market, Turn to Further Education

In a challenging job market marked by record-high layoffs and stagnant job openings, many professionals in their 40s are opting to return to school, seeking to upskill in areas like data analytics, cybersecurity, and AI to remain competitive. Accordi

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Trump's Crypto Embrace Sparks Market Frenzy
Business
4ย hours, 35ย minutes ago

Trump's Crypto Embrace Sparks Market Frenzy

President Trump's enthusiastic endorsement of cryptocurrency has unleashed a frenzy of activity, with publicly traded companies accumulating vast quantities of digital currencies in a bid to attract investors. However, this strategy has backfired, wi

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Luxury Homeowners Invite Buyers to Sleep on the Job in Frozen Market
Business
16ย hours, 19ย minutes ago

Luxury Homeowners Invite Buyers to Sleep on the Job in Frozen Market

In a frozen luxury housing market, sellers are employing creative tactics to attract buyers, including offering sleepovers in multimillion-dollar mansions to facilitate a more personal connection. This trend is driven by the challenging market condit

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Thames Water Halts ยฃ2.5 Million in Senior Manager Bonuses Amid Pollution Concerns
Business
1ย day, 22ย hours ago

Thames Water Halts ยฃ2.5 Million in Senior Manager Bonuses Amid Pollution Concerns

Thames Water, the UK's largest water and sewage company, has deferred ยฃ2.5 million in bonuses for its senior managers, citing pressure to refrain from rewarding staff amidst the company's poor environmental performance. This move follows a pause on m

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65+ Affordable Stocking Stuffers Under $25 Prove Big Impact in Small Packages
Business
16ย hours, 14ย minutes ago

65+ Affordable Stocking Stuffers Under $25 Prove Big Impact in Small Packages

Major retailers are capitalizing on the trend of stocking stuffers, offering a range of affordable gift options under $25. Companies like Fender and Staples are releasing unique products such as collectible guitar pick tins and custom photo offerings

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Inflation Rate Slows to 3.2% as Prices Rise 3.2%
Business
4ย hours, 31ย minutes ago

Inflation Rate Slows to 3.2% as Prices Rise 3.2%

The UK's inflation rate has slowed to 3.2%, a welcome sign for consumers and a positive indicator for next year's borrowing costs. Although prices are still above the Bank of England's 2% target, the decrease in inflation rate suggests a potential ea

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Fallout Season 2 Premieres on Prime Video: Here's How to Stream for Free
Business
22ย hours, 15ย minutes ago

Fallout Season 2 Premieres on Prime Video: Here's How to Stream for Free

Amazon Prime Video subscribers can now access the second season of the video game adaptation series "Fallout," which premiered on December 17 with eight episodes. The streaming service offers a 30-day free trial, after which users can opt for the Pri

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