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Business
US SEC case over massive Allen Stanford fraud ends, judge orders fines
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A federal judge ordered an end to the SEC's 16-year-old lawsuit over Allen Stanford's $7.2 billion Ponzi scheme, directing the financier and two forme...
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HEDGE FLOW Stock hedge funds post big one-day drop in DeepSeek rout, say Goldman data
Hedge fund stock-pickers lost billions of dollars on Monday in a rout in global technology shares sparked by the emergence of a low-cost Chinese AI mo...
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Boeing stock rallies 6% on plane progress after $11.8-billion annual loss
Boeing said it was making progress on increasing plane production, despite the company recording its biggest annual loss in four years.
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Starbucks sales set to drop again as investors wait for turnaround
Starbucks is set to report its fourth straight quarter of comparable sales decline in what could be another blow for efforts to revive demand at the s...
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US business activity at nine-month low in January; hiring accelerates
Firms reported boosting hiring, supporting the Federal Reserve's cautious approach to cutting interest rates this year.
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LA fire insured losses estimated at $28 billion, KCC says
Catastrophe risk modeling firm KCC is estimating insured losses of about $28 billion from the Los Angeles wildfires, making them the costliest wildfir...
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US single-family housing starts, permits rise to 10-month high
Single-family homebuilding increased to a 10-month high in December, indicating that construction activity regained some momentum at the end of the ye...
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UnitedHealth Group CEO says complex US healthcare system needs to change
UnitedHealth CEO said that healthcare in the U.S. needs to be "less confusing, less complex and less costly" during the company's first earnings call ...
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US blacklists company that ordered TSMC chip found in Huawei processor
More than a dozen Chinese entities were added to the restricted trade list, including a company whose TSMC-made chip was illegally incorporated into a...
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US bans imports from 37 more Chinese companies over Uyghur forced labor, including Huafu Fashion
The United States is targeting 37 textile, mining and solar companies, the Department of Homeland Security said.
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S&P 500, Nasdaq fall as investors scale back bets on Fed rate cuts in 2025
Stocks dropped on Monday, with the benchmark S&P 500 at a two-month low as bond yields surged after robust payroll numbers last week.
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US insurers slump as Los Angeles wildfire loss estimates hit $20 billion
U.S. insurance stocks slid on Friday as analysts estimated insured losses from the wildfires menacing Los Angeles could reach as high as $20 billion.
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Second US port strike averted as union, employers reach deal
The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers said they reached a tentative deal on a new six-year c...
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US weekly jobless claims fall to 11-month low as labor market remains stable
The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market.
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US online holiday sales rise nearly 9% on mobile shopping boom, report shows
Online spending rose nearly 9% during the 2024 holiday season, with shoppers mainly using their smartphones to buy products ranging from TVs to LEGO s...
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American Airlines back in ‘Big 3’ carriers, brokerages predict strong 2025
American Airlines' stock is poised for a strong 2025 as the carrier emerges from a challenging year.
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Consumers boosted 2024 U.S. new-car sales to five-year high
New-car sales in 2024 continued to rise from their pandemic lows, bolstered by replenished inventories and higher incentives.
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Wall St rises in first trading session of 2025; Tesla slides
Wall Street's main indexes rose in the first trading session of 2025 as investors pinned their hopes on a fresh political landscape and more interest ...
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