Financial News Editor

Warner Bros. Discovery has decided to end its pursuit of owning a package of live NBA games in the U.S. for the 2025-26 season and beyond. This decision comes after settling all legal disputes...

Spirit Airlines, a well-known budget airline, has recently filed for bankruptcy protection due to financial struggles. Despite this, the airline reassured its customers that operations will continue as normal, allowing them to book tickets...

Chinese tech giant Tencent is making strides in the cloud service industry by utilizing its WeChat super-app ecosystem to provide unique offerings to clients. Tencent Cloud CEO Dowson Tong highlighted the company's focus on...

House Speaker Mike Johnson criticized the release of a rough draft of the House Ethics Committee's report on Matt Gaetz, President-elect Donald Trump's pick for U.S. attorney general. Johnson stated that the report is...

European Space Startup Raises $160M for Reusable Astronaut CapsuleA European space startup called The Space Exploration Company (TEC) has successfully raised $160 million to further develop its innovative reusable capsule named Nyx. This capsule...

After a challenging year for the restaurant industry, executives are eagerly anticipating the arrival of 2025. Despite a significant increase in restaurant bankruptcies and a decline in year-over-year traffic throughout 2024, there are signs...

President-elect Donald Trump announced on Saturday that Liberty Energy CEO, Chris Wright, will be the next energy secretary of the United States. Liberty Energy, based in Denver, is an oilfield services company with a...

The highly anticipated boxing match between Jake Paul and Mike Tyson on Netflix made history with a record 60 million households tuning in worldwide. The event peaked at 65 million streams, showcasing the immense...

The period between Thanksgiving Day and Cyber Monday is known for being one of the busiest shopping times of the year. The National Retail Federation's annual survey predicts that this year, there will be...

McDonald's is investing over $100 million to help recover from the recent E. coli outbreak linked to their slivered onions. The fast-food chain plans to support franchise owners who suffered losses by investing $65...

Space stocks have been on a surge recently, with many companies experiencing significant gains. This increase in stock value is being attributed to what analysts are calling the "Trump-Elon trade," referencing the relationship between...

Palantir Technologies, a software developer for the military, has seen a remarkable increase in its shares, which rose by 11% to an all-time high after announcing plans to move its listing from the New...

Super Micro Computer, a server company, may face delisting from the Nasdaq if it fails to submit a compliance plan by the Monday deadline. The company has been struggling with issues related to late...

Alibaba's stock saw a 3% surge in premarket trading following a strong performance in profit, despite falling slightly short on sales expectations due to economic sluggishness in China. The company reported a 58% increase...

Hyundai has announced that Jose Munoz will be taking over as the next president and CEO of the company, starting on January 1. Munoz, who currently serves as the global chief operating officer of...

Federal Reserve Chair Jerome Powell spoke on Thursday about the strong U.S. economic growth, which allows policymakers to be patient in deciding on interest rate reductions. Powell mentioned that there is no rush to...

In October 2024, deflation trends have been observed in the U.S. economy, particularly in the prices of physical goods. While deflation is not a common occurrence, the past year has seen a decline in...

Disney's recent financial results have exceeded expectations, with the entertainment giant reporting strong earnings for the fiscal fourth quarter. The company's success can be largely attributed to the growth of its streaming services, which...

Bitcoin's price surged to nearly $90,000 on Monday night, breaking its previous record high of $80,000. According to Coin Metrics, the cryptocurrency was trading at $89,100, up 12% from its previous level. Earlier in...

General Motors is shining brighter than its competitors this year as it consistently exceeds Wall Street's earnings predictions. The Detroit-based automaker has seen a 54.7% increase in its stock value, outperforming well-known rivals like...

Tesla stock experienced a significant surge of 6% following the postelection rally as President-elect Donald Trump, known for his close relationship with CEO Elon Musk, begins to form his presidential cabinet. Analysts at Wedbush...

Bitcoin's price surged past $82,000 on Monday, marking a new high in the ongoing rally of cryptocurrencies following Donald Trump's victory in the election. The price of bitcoin reached $80,000 for the first time...

President-Elect Donald J. Trump made promises during his campaign to implement strict immigration policies, including mass deportations. Experts believe that these policies could have far-reaching effects on various sectors of the economy such as...

Bitcoin's price has hit new highs, reaching nearly $81,000, and futures premiums are rising, indicating that investors anticipate further gains. Open interest in bitcoin surpassing $90,000 has exceeded $2.8 billion on the Deribit exchange,...

Bitcoin and other cryptocurrencies are on a surge, reaching new heights in the market. Bitcoin, the flagship cryptocurrency, hit an all-time high of $80,000, while Ether also saw a significant increase, surpassing the $3,000...

Elon Musk, the CEO of Tesla and SpaceX, recently showed support for the idea of allowing presidents to have influence over Federal Reserve policy. This endorsement came in response to a social media post...

Universal's highly anticipated movie adaptation of the popular Broadway musical "Wicked" is creating a buzz in the retail world with a wide range of merchandise offerings. The film, set to release on November 22,...

Federal Reserve Chairman Jerome Powell faced a barrage of questions from reporters during a news conference, as they sought his opinion on President-elect Donald Trump's impact on the economy. Powell, however, remained tight-lipped on...

Jack Dorsey, one of the co-founders of Twitter, made waves in the crypto world during the summer of 2021 with his ambitious plans for his company, Square. He announced the formation of a new...

Elon Musk recently appeared on stage alongside former President Donald Trump at a rally in New York, which sparked a surge in Tesla's stock price. Following Trump's victory in the U.S. presidential election, Tesla's...

Federal Reserve Chair Jerome Powell recently announced a quarter percentage point rate cut in November, sparking expectations for another cut in December. However, market analysts are now predicting a possible "skip" in January.After lowering...

China is anticipated to announce a new fiscal stimulus package following the conclusion of a five-day meeting by the parliament. The government has been increasing stimulus measures since late September, leading to a surge...

Federal Reserve Chairman Jerome Powell made it clear on Thursday that he would not resign from his position even if President-elect Donald Trump were to ask him to do so. Powell firmly stated, "No,"...

President-elect Donald Trump is expected to focus on key aspects of his economic platform once he takes office in January, according to his former Treasury Secretary Steven Mnuchin. Mnuchin, who served in the role...

Warner Bros. Discovery announced on Thursday that their streaming platform, Max, gained 7.2 million new subscribers globally in the third quarter. This growth marked the largest increase in subscribers for the platform since its...