Rising technology stocks sent the Nasdaq composite to a record, but trading was mixed along the rest of Wall Street. The S&P 500 rose 0.2% Tuesday, even though the majority of stocks in the index fell. Gains for Microsoft, Meta Platforms and other influential Big Tech stocks helped lift indexes, including the 0.8% gain that … Read more
BRUSSELS — The European Union is imposing duties on imports of electric vehicles from China starting Wednesday after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute. Electric vehicles have become a major flashpoint in a broader trade dispute over the influence of Chinese government subsidies on European markets … Read more
Struggling B. Riley Financial said Tuesday that it had sold its interests in its apparel and Brookstone brands for about $236 million — the second such asset sale in a month as it works to pay down debt related to a buyout deal that turned sour. The Westwood-area financial services firm sold its Hurley, Justice … Read more
NEW YORK — A U.S. bankruptcy judge approved a sale of Tupperware Brands on Tuesday, paving the way for the iconic food-shortage company to soon exit Chapter 11 protection and continue offering its products while undergoing a hoped-for revitalization. The sale given the court’s green light in Delaware still is subject to closing conditions. Under … Read more
“Well, Felix, this elects me.” The speaker was Franklin Delano Roosevelt, who was at home in Albany with his friend and advisor Felix Frankfurter, monitoring radio reports of a political disaster unfolding in Herbert Hoover’s Washington. It was 1932. Hoover had dispatched the military to break up a camp of World War I veterans who … Read more
When Netflix releases big movies, even the ones that resemble Hollywood blockbusters, its approach is consistent: Get people to watch them on the streaming service, not in theaters. In the cases where Netflix does put its films in cinemas, it does so in a limited fashion, primarily to build buzz or get awards consideration. Could … Read more
Cooper Flagg, #2 of the Duke Blue Devils, moves the ball against the Arizona State Sun Devils during the game at Cameron Indoor Stadium in Durham, North Carolina, on Oct. 27, 2024. Grant Halverson | Getty Images Gatorade is adding another big-name athlete to its already loaded portfolio. First-year Duke men’s basketball player Cooper Flagg … Read more
BBC London’s Tom Edwards takes on the Euston rush Rail passengers will be able to get to their platforms earlier at a central London station in an effort to reduce the so-called “Euston rush”. Network Rail said it will now allow passengers travelling on about 40% of Avanti West Coast services to board trains 20 … Read more
Adidas has ended its “fight” with Kanye West over antisemitic comments he made in 2022, which scuppered the sports brand and US rapper’s “Yeezy” collaboration. Adidas discontinued the collection at the time and started selling off Yeezy stock at wholesale prices. However, on Tuesday, the firm said it had reached a settlement with Mr West … Read more
PORTLAND, Maine — The U.S. government chose winning bids Tuesday to develop wind power off New England in the first commercial sale for floating offshore wind on the Atlantic coast. The Bureau of Ocean Energy Management held a lease sale and selected nearly $22 million in winning bids for four lease areas from two firms. … Read more