World
Asia-Pacific markets open mixed as investors assess Japan’s revised GDP, await China inflation data
Tokyo, Japan skyline with the Tokyo Tower Chunyip Wong | E+ | Getty Images Asia-Pacific markets opened mixed Monday as traders assessed revised economic growth data from Japan and awaited China’s November inflation data. Japan’s Nikkei 225 opened 0.5% higher, while the Topix gained 0.4%. Japan’s third-quarter GDP was revised to 0.3% on a quarter-on-quarter […]
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He bought a KFC store in Australia for $100,000 in 1969. Today, his fast food company is worth over $3 billion
Jack Cowin, founder and chariman of Competitive Foods Australia. Courtesy of Jack Cowin As a kid, Jack Cowin shoveled snow, delivered newspapers and sold Christmas cards for cash. By the time he reached his 20s, it was burgers instead of cards. Fast forward to today: The 82-year-old is a billionaire, thanks to his fast food […]
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Stock futures are little changed after S&P 500 posts third-straight winning week: Live updates
Traders works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 2, 2024. Brendan Mcdermid | Reuters U.S. stock futures were little changed Sunday night after the S&P 500 and Nasdaq Composite posted their third straight winning week, ahead of key inflation data due out this week. Dow […]
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Russian state news agencies say ousted Syrian leader Bashar Assad is in Moscow and given asylum
Russia’s President Vladimir Putin (R) shakes hands with his Syrian counterpart Bashar al-Assad during a meeting in Sochi on November 20, 2017. Ousted Syrian President Bashar Assad fled to Moscow on Sunday, Russian media reported, hours after a stunning rebel advance took over the capital of Damascus and ended the Assad family’s 50 years of […]
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Trump is stacking his White House roster with uber-rich backers
U.S. President-elect Donald Trump greets Elon Musk before attending a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, U.S., November 19, 2024. Brandon Bell | Via Reuters Donald Trump’s first administration was chock full of super-rich figures whose combined wealth exceeded $5 billion, marking an unprecedented […]
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McDonald’s fired Pharrell Williams 3 times—and then he created its famous jingle ‘I’m loving it’
Before becoming a decades-long stable in hip-hop, R&B and pop music, Pharrell Williams was fired from three separate McDonald’s loctions. That didn’t stop the fast-food chain from calling on him when they needed a catchy jingle for their commercials. “I thought it was ironic, and I thought it was very funny,” Williams, 51, said during […]
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Google CEO: AI development is finally slowing down—’the low-hanging fruit is gone’
Generative artificial intelligence probably won’t change your life in 2025 — at least, not more than it already has, according to Google CEO Sundar Pichai. When OpenAI launched ChatGPT two years ago, generative AI quickly captured the imagination of users around the world. Now, with the industry’s competitive landscape somewhat established — multiple big tech […]
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NYPD releases 2 new photos of man sought in killing of UnitedHealthcare CEO
The New York Police Department on Saturday released two new photos of a person being sought in the killing of UnitedHealthcare CEO Brian Thompson. The photos are the latest in a series by the NYPD of the same individual wanted for questioning in Wednesday’s killing. The person can be seen in one of the photos through […]
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Investor Bill Nygren just bought this pharma giant, names two AI-adjacent stocks he likes going into 2025
Investors should consider scooping up shares of this pharmaceutical giant trading at a discount, according to longtime value investor Bill Nygren. ” Merck is attractive on a standalone basis, and it’s got really good portfolio characteristics,” said the portfolio manager at Oakmark Funds, who bought shares in the third quarter. “We’re heavy in financials, we’re […]
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What Warren Buffett said about Trump’s first trade war, as tariff threats fuel fears of another battle
President-elect Donald Trump’s fresh tariff threats ignited fears of another high-stakes trade war. Berkshire Hathaway Chair and CEO Warren Buffett opined at length in 2018 and 2019 about the trade conflicts that erupted during Trump’s first term. Then, the “Oracle of Omaha” said the Republican’s aggressive moves could cause negative consequences globally, including triggering inflation […]
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