Brown-Forman to Cut Workforce, Close Barrel-Making Plant Amid Industry Challenges
Brown-Forman plans workforce reductions and the closure of a Kentucky barrel-making facility, citing cost challenges and evolving whiskey market dynamics.
Jan 14, 2025 3:07 PM EST
U.S. Job Growth Surges in December; Unemployment Rate Falls to 4.1%
U.S. job growth exceeded expectations in December 2024, adding 256,000 jobs, with unemployment falling to 4.1%, signaling labor market resilience.
Wall Street's Big Payday: Double-Digit Bonus Hikes Seen Across Big Banks
After a resurgence in mergers and capital raising, major investment banks, such as Bank of America, Morgan Stanley, and JPMorgan Chase, are anticipated to announce significant incentive increases for their staff.
ADNOC Gas Awards $2.1 Billion Contracts For Ruwais LNG Project Infrastructure
The Ruwais LNG plant will be one of the world's lowest-carbon-intensity LNG facilities, using artificial intelligence and advanced digital technologies to enhance safety, reduce emissions, and improve efficiency.
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All Eyes On Final Jobs Report For 2024: What To Expect In 2025
The slowdown in labor market is due to the post-pandemic recovery, job growth in a few industries, high interest rates, tech advances, and uncertainty about the economy, global events, President-elect Donald Trump's potential policies.
Jan 10, 2025 5:43 AM EST
IBM's $6.4 Billion HashiCorp Acquisition Faces U.K. Antitrust Scrutiny
IBM's $6.4 billion HashiCorp acquisition faces U.K. antitrust scrutiny, raising concerns over competition and innovation in cloud computing.
Jan 03, 2025 10:48 AM EST
Abu Dhabi Global Market Cuts Fees By 50% For Non-Financial, Retail Businesses From January
This move is designed to improve ADGM's business environment, making it more appealing and accessible to different types of businesses.
Jan 03, 2025 7:47 AM EST
Tesla Reports First Annual Drop in Global Vehicle Deliveries
Tesla reports its first annual delivery decline in 2024, citing production slowdowns, competition, and shifting consumer demand challenges.
Jan 02, 2025 12:14 PM EST
Warner Bros. Discovery Board Members Li Haslett and Chen Resign Amid Company Restructuring
Li Haslett and Chen have resigned from Warner Bros. Discovery's board, signaling leadership changes amid ongoing company restructuring efforts.
Dec 31, 2024 5:18 AM EST
U.S. Government Launches Enforcement Action Against Fintech App Dave and CEO
The U.S. DOJ sues fintech app Dave and CEO for misleading practices, highlighting growing regulatory scrutiny on the fintech sector.
Dec 31, 2024 4:35 AM EST
Global Markets Expected to Grow in 2025 Despite Trade War Concerns
Global markets are poised for steady growth in 2025, driven by technological innovation and emerging market investment. Despite trade war fears under the Trump administration, analysts highlight opportunities in renewable energy and infrastructure. Potential risks, including inflation and geopolitical tensions, remain, but resilient consumer spending and corporate earnings are expected to support economic expansion.
Dec 31, 2024 3:22 AM EST
Gold Prices Dip as Market Eyes Economic Data and Incoming Trump Administration
Gold prices edged lower on December 30, 2024, amid thin holiday trading. Investors are closely watching upcoming U.S. economic data and potential policy shifts under the incoming Trump administration for market direction.
Dec 30, 2024 3:17 PM EST
U.S. Pending Home Sales Reach 21-Month High in November Amid Rising Inventory
Pending home sales in the U.S. surged to a 21-month high in November, marking the fourth consecutive month of increases. The rise is driven by higher inventory and buyers adapting to elevated mortgage rates.
Dec 30, 2024 3:13 PM EST
Nvidia Completes $700 Million Acquisition of AI Firm Run:ai Despite Regulatory Scrutiny
Nvidia has finalized its $700 million acquisition of AI company Run:ai, after overcoming regulatory hurdles in both the U.S. and Europe. The deal strengthens Nvidia's AI infrastructure and software capabilities, positioning it for continued leadership in the industry.
Dec 30, 2024 3:07 PM EST
Global Equity Funds Surge with Record Inflows Amid U.S. Inflation Relief
Global equity funds saw $34.38 billion in inflows, led by U.S. markets, driven by easing inflation. However, bond outflows and selective sectoral investments highlight cautious optimism amid economic uncertainties.
Dec 28, 2024 3:43 PM EST
U.S. Holiday Spending Rises 3.8% in 2024, Driven by Online Sales and Value Deals
U.S. holiday spending grew by 3.8% in 2024, fueled by a 6.7% rise in online sales. Consumers prioritized value-driven purchases, showcasing resilience amid economic challenges and shorter shopping periods.
Dec 28, 2024 5:52 AM EST
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