Month: December 2024
Warner Bros. Discovery shares surge 15% after company announces linear, streaming restructuring
President and CEO of Warner Bros. Discovery, David Zaslav arrives for the world premiere of “The Flash” at Ovation Hollywood in Hollywood, California, on June 12, 2023. Michael Tran | Afp | Getty Images Warner Bros. Discovery on Thursday announced a restructuring plan to segment its business into linear and streaming units in a move […]
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Watch the full video of Donald Trump talking with Jim Cramer at the NYSE
President-elect Donald Trump rang the opening bell at the New York Stock Exchange Thursday morning. From the floor afterward, CNBC’s Jim Cramer interviewed Trump about his plan for boosting the American economy. Many C-suite executives watched from the trading floor. Earlier Thursday morning, Robert F. Kennedy Jr., Trump’s pick to be the nation’s top health […]
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Trump rings bell at NYSE to cheers of ‘USA’ as Wall Street CEOs, business leaders look on
President-elect Donald Trump rang the opening bell at the New York Stock Exchange on Thursday after vowing an economic boom to a cheering crowd of traders and business leaders. “We’re with you all the way,” the incoming Republican president said in the NYSE building in lower Manhattan, where he was invited after becoming TIME’s “Person […]
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Wholesale prices rose 0.4% in November, more than expected
A measure of wholesale prices rose more than expected in November, adding fuel to the belief that progress in bringing down inflation has slowed, the Bureau of Labor Statistics reported Thursday. The producer price index, which measures what producers get for their products at the final-demand stage, increased 0.4% for the month, higher than the […]
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Venture capitalists bet on Sublime, a startup bringing AI to email security
Across the world, companies rely on Microsoft and Google to administer email accounts for employees. Keeping all those mailboxes secure, however, is a business opportunity. Proofpoint went public in 2012, and as enterprises migrated to the cloud, many adopted the company’s secure email gateway software as a precautionary measure. But private equity firm Thoma Bravo […]
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Stocks making the biggest moves premarket: Uber, Celsius Holdings, Adobe, Chewy and more
Check out the companies making headlines before the bell. Constellation Energy — The energy stock added 2% following an upgrade to buy from neutral at Bank of America. Analyst Ross Fowler said that the company was in the best position to benefit from upcoming regulatory clarity coupled with increasing demand and tightening supply. This potential […]
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CFPB announces rule limiting bank overdraft fees
Key Points The Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting banks’ ability to charge overdraft fees. It says the rule will save American consumers $5 billion annually. The CFPB said that its overdraft rule will take effect Oct. 1, 2025, though its ultimate fate is unclear. Source
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Swiss National Bank takes leap with 50-basis-point interest rate cut amid franc strength
The Swiss National Bank on Thursday cut its key interest rate by 50 basis points, exceeding expectations of a smaller trim amid an ongoing tussle with depressed inflation and a strong Swiss franc. The move takes the bank’s main rate to 0.5%. More than 85% of economists polled by Reuters had forecast the bank would […]
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China stresses plans to boost growth at top agenda-setting meeting
BEIJING, CHINA – NOVEMBER 9: Chinese President Xi Jinping attends a meeting with Indonesian President Prabowo Subianto (not pictured) at the Great Hall of the People on November 9, 2024 in Beijing, China. Florence Lo | Getty Images China affirmed its recent policy shifts and stressed plans to boost growth in a high-level economic planning […]
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India’s inflation slows from 14-month high, raising hopes of interest rate cut under new governor
A laborer loads consumer goods onto a supply cart at a wholesale market in Kolkata, India, on November 11, 2024. Nurphoto | Nurphoto | Getty Images India’s headline inflation softened from 14-month highs, coming in at 5.48% in November. The print was down from the 6.21% in October and was below the 5.53% expected by […]
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