The Dow jumped more than 400 points Friday to an all-time high after a benign inflation report cleared the way for the Federal Reserve to focus on shoring up the labor market while continuing its interest rate easing. In recent trading, the Dow Jones Industrial Average was up 442 points, or 1%, at 42,617. The blue-chip index … Read more
DirecTV and Dish are in advanced talks to merge in a deal that could create the largest US pay-TV provider, with more than 20 million subscribers, according to multiple reports. The agreement could be announced as early as Monday, The Wall Street Journal reported Thursday evening. It would also include Sling TV, Dish’s streaming television … Read more
GETTY IMAGES The company’s executive chairman is optimistic that a new owner or owners will be found for the yards Harland and Wolff, the Belfast-based shipbuilder which built the Titanic, has formally entered administration for the second time in five years. Last week the company’s board had warned that the move was inevitable. The administration … Read more
X is blocking links to an independent journalist’s newsletter which published an alleged dossier used to vet JD Vance that is believed to be part of the Iranian government’s hack on the Trump campaign. The social media platform formerly known as Twitter – now owned by billionaire Elon Musk – also suspended Ken Klippenstein, the … Read more
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C., on Dec. 6, 2023. Evelyn Hockstein | Reuters Buried in a roughly 200-page quarterly filing from JPMorgan Chase last month were eight … Read more
NEW YORK — As the meeting of world leaders kicked off at the United Nations on Sunday, across Manhattan on an elevated park that runs along old rail lines, throngs of people streamed through a “climate science fair” showcasing work on nature, food and the energy transition. The Emerson Collective funds the nonprofits, advocacy organizations … Read more
WASHINGTON — The Federal Reserve’s preferred inflation measure on Friday provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts this year and next. Prices rose just 0.1% from July to August, the Commerce Department said, down from the previous month’s 0.2% increase. Compared … Read more
Inflation showed further signs of cooling on Friday as Wall Street starts to price in further interest rate cuts by the Federal Reserve. The personal consumption expenditures price index (PCE), the Fed’s preferred measure of inflation, showed that the rate at which prices rose for goods and services last month was 2.2% — below economists’ … Read more
WASHINGTON — Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States. The former president and current Republican nominee asserts that tariffs — basically import taxes — will create more factory jobs, shrink the federal deficit, lower food prices … Read more
HONG KONG — Stocks in Asia advanced on Friday, led by gains in Hong Kong and other Chinese markets fueled by China’s moves to rev up its economy. Japan’s Nikkei 225 index was up more than 1% as the ruling Liberal Democratic Party conducted a leadership election that will determine who is Japan’s next prime … Read more