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Stocks Surge on Powell's Warning of Downside Risk
Business
2ย days, 2ย hours ago

Stocks Surge on Powell's Warning of Downside Risk

US stocks surged to a session high on Wednesday, with the S&P 500 rising as much as 0.8%, after Federal Reserve Chair Jerome Powell hinted at potential labor market downturns, leading to a third consecutive interest-rate cut. The moves pushed bond yi

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DEVELOPING: Shoplifting Epidemic Spreads Across UK, Entrepreneurs Behind Surge in Crime.
Business
22ย hours, 4ย minutes ago

DEVELOPING: Shoplifting Epidemic Spreads Across UK, Entrepreneurs Behind Surge in Crime.

Shoplifting offenses in the UK have surged, with police in England and Wales recording a 13% increase to 529,994 instances in the year to June 2025, while Scotland saw a 15% rise to 48,564 offenses. This uptick in crime has significant financial impl

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"UK Economy Slumps 0.1% in Surprise October Contraction"
Business
2ย hours, 45ย minutes ago

"UK Economy Slumps 0.1% in Surprise October Contraction"

The UK economy unexpectedly contracted by 0.1% in October, defying predictions of a 0.1% growth, and also saw a 0.1% decline in the three months to October, citing factors such as the Jaguar Land Rover cyber-attack and pre-Budget uncertainty. This do

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S&P 500 Surmounts Weak Earnings, Hits New Record High
Business
14ย hours, 48ย minutes ago

S&P 500 Surmounts Weak Earnings, Hits New Record High

The S&P 500 index reached a new record high on Thursday, despite initial losses driven by Oracle's disappointing earnings and concerns over artificial intelligence spending, ultimately closing 0.2% higher. The market's resilience was bolstered by the

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UK Economy Contracts Unexpectedly in October, Defying Forecasts
Business
14ย hours, 45ย minutes ago

UK Economy Contracts Unexpectedly in October, Defying Forecasts

The UK economy unexpectedly contracted by 0.1% in October, defying economists' predictions of a 0.1% growth, according to the Office for National Statistics. This decline marks the second consecutive month of economic contraction, with manufacturing

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Lululemon CEO to Depart Amid Sales Slump and Share Price Decline
Business
8ย hours, 45ย minutes ago

Lululemon CEO to Depart Amid Sales Slump and Share Price Decline

Lululemon Athletica's CEO, Calvin McDonald, will step down at the end of January after nearly eight years, citing the company's completion of its five-year strategy and a strong leadership team in place. Despite a recent revenue upgrade, Lululemon ha

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URGENT: UK Economy Contracts Unexpectedly, Shrinking 0.1% in October
Business
12ย hours, 4ย minutes ago

URGENT: UK Economy Contracts Unexpectedly, Shrinking 0.1% in October

The UK economy unexpectedly contracted by 0.1% in October, defying economists' predictions of a 0.1% growth, and also shrinking by 0.1% in the three months to October. This unexpected downturn is attributed to factors such as the ongoing cyber-attack

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Manchester United Posts 6.6m Loss Amid Revenue Decline
Business
1ย day, 8ย hours ago

Manchester United Posts 6.6m Loss Amid Revenue Decline

Manchester United PLC reported a net loss of ยฃ8.8 million for the three months ending September 30, despite significant cost-cutting efforts led by part-owner Jim Ratcliffe. The Premier League club's revenue declined 2% to ยฃ140.3 million, primarily d

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Southeast Asia Takes Flight: Region's First Steps in Space Exploration
Business
2ย hours, 36ย minutes ago

Southeast Asia Takes Flight: Region's First Steps in Space Exploration

Southeast Asia's fledgling space industry is gaining momentum, with major players like Thailand, Vietnam, Malaysia, and Singapore showcasing their capabilities at the Thai Space Expo in Bangkok. The region's potential as a space hub is being touted b

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Markets Hold Breath as Yields Hit 2007 High Ahead of Fed Rate Decision
Business
2ย days, 8ย hours ago

Markets Hold Breath as Yields Hit 2007 High Ahead of Fed Rate Decision

US stocks wavered for a second consecutive day as investors await the Federal Reserve's interest rate decision, with Treasuries continuing to decline. The S&P 500 and Nasdaq 100 futures remained largely unchanged, reflecting a stalled rally in US sto

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Founders Gain Upper Hand in Fundraising, VCs Admit
Business
8ย hours, 40ย minutes ago

Founders Gain Upper Hand in Fundraising, VCs Admit

Venture capitalists are shifting their fundraising strategies to better understand the challenges faced by founders, with some investors adopting a more empathetic approach by positioning themselves as trusted partners and carefully considering their

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"UK Economy Slumps Unexpectedly, Shrinking 0.1% in October"
Business
8ย hours, 46ย minutes ago

"UK Economy Slumps Unexpectedly, Shrinking 0.1% in October"

The UK economy unexpectedly contracted by 0.1% in October, contrary to economists' predictions of a 0.1% growth, and also saw a 0.1% decline in the three months to October. This downturn is attributed to factors such as the ongoing cyber-attack at Ja

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Founders Gain Upper Hand in Market, Forcing VCs to Rethink Fund-Raising Strategies
Business
1ย day, 2ย hours ago

Founders Gain Upper Hand in Market, Forcing VCs to Rethink Fund-Raising Strategies

Venture capitalists are shifting their focus to their own fundraising strategies, mirroring the approach they advise founders to take. This shift is driven by the recognition that, without a track record, investors are essentially raising a large ang

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Hinge CEO Reveals Unconventional Tactic to Fuel Early Growth
Business
2ย hours, 35ย minutes ago

Hinge CEO Reveals Unconventional Tactic to Fuel Early Growth

Hinge CEO Justin McLeod revealed in a recent interview that he resorted to unconventional methods to gain traction for his dating app, including bribing students with KitKats to sign up in its early days. Despite facing significant challenges, McLeod

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Databricks CEO Aims for $1 Trillion Valuation with Ambitious Growth Strategy
Business
2ย days, 14ย hours ago

Databricks CEO Aims for $1 Trillion Valuation with Ambitious Growth Strategy

Databricks CEO Ali Ghodsi is targeting a $1 trillion valuation by leveraging three key growth areas: expanding into the transactional database market, capitalizing on the rise of AI-powered coding, and driving adoption of its Agent Bricks platform. T

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US Seizes Oil Tanker Off Venezuela, Cracking Maduro's Revenue Lifeline
Business
2ย hours, 49ย minutes ago

US Seizes Oil Tanker Off Venezuela, Cracking Maduro's Revenue Lifeline

The US seizure of an oil tanker off Venezuela's coast is expected to severely impact the country's oil exports, a crucial revenue source for President Nicolรกs Maduro's government, with estimates suggesting a 45% surge in the "dark fleet" of sanctione

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Trump Tariffs Take a Hit: Import Tax Revenue Falls for First Time Since Rollout
Business
2ย hours, 34ย minutes ago

Trump Tariffs Take a Hit: Import Tax Revenue Falls for First Time Since Rollout

The US government's tariff revenue has declined for the first time since April, falling to $30.75 billion in November from $31.35 billion in October, according to the Treasury Department's latest data. This dip in revenue, coupled with weakening impo

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"Crypto Kingpin Do Kwon Slams 15-Year Prison Term"
Business
14ย hours, 46ย minutes ago

"Crypto Kingpin Do Kwon Slams 15-Year Prison Term"

A former crypto entrepreneur, Do Kwon, has been sentenced to 15 years in prison for his role in a massive stablecoin crash that lost an estimated $40 billion. Kwon, co-founder of Terraform Labs, admitted to misleading investors about the TerraUSD dig

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Oracle Shares Plummet 14% Amid AI Spending Concerns
Business
20ย hours, 47ย minutes ago

Oracle Shares Plummet 14% Amid AI Spending Concerns

Oracle shares plummeted 14% on Thursday after the company's weaker-than-expected revenues, totaling $16.1 billion, failed to alleviate concerns about a potential AI bubble. Despite a 68% surge in sales at its AI business, Oracle Cloud Infrastructure,

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US Special Forces Vet Leads Daring Sea Rescue of Venezuelan Opposition Leader
Business
8ย hours, 44ย minutes ago

US Special Forces Vet Leads Daring Sea Rescue of Venezuelan Opposition Leader

US special forces veteran Bryan Stern led a perilous nighttime sea rescue mission, facilitating the escape of Venezuelan opposition leader Marรญa Corina Machado from Venezuela to Norway, where she received the Nobel Peace Prize. The 13- to 14-hour jou

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