Federal financial regulators are proposing new rules that would require larger banks to maintain a layer of long-term debt in order to increase financial stability and facilitate the resolution of potential bank failures, following a series of regional bank collapses earlier this year.
French billionaire Francois-Henri Pinault's family investment company Artemis has acquired a majority stake in Creative Artists Agency (CAA), replacing private equity firm TPG as the primary holder, in a deal that values CAA at $7 billion and adds it to Artemis' $40 billion asset portfolio.
A New York man's family claims he was killed by his Peloton bike, but the company argues that his own negligence caused his death, according to a lawsuit filed in state court.
Nvidia's second-quarter results showcased its strong growth driven by AI and gaming, with a record-breaking $10.3 billion in revenue from data centers and a 22% increase in gaming revenue, indicating a promising future for the company in these sectors.
Starbucks is offering a buy-one-get-one deal on its fall drink lineup every Thursday from September 7th to September 28th, allowing customers to get a second seasonal beverage for free.
Passengers on a Delta flight were horrified when the plane had to turn back due to a passenger's explosive diarrhea, resulting in crew members ripping out the carpet to contain the mess.
T-Mobile has announced that it will eliminate nearly 5,000 jobs, contradicting their promise to create 11,000 new jobs by 2024 following their merger with Sprint.
Disney is in talks with Amazon to partner for an ESPN streaming service, but the proposed monthly cost of $35 makes it the most expensive streaming network available, raising doubts about its profitability.
Burger King must defend against a lawsuit alleging that it misled customers by exaggerating the size of its Whopper sandwiches on in-store menu boards.
Billionaire investor Bill Gates has invested nearly $100 million into Anheuser-Busch, despite the company's recent struggles, leading a former executive to warn that it is a mistake given Gates' track record in the beer industry.
Hilton plans to install 20,000 Tesla chargers across 2,000 of its hotels in North America, making it the largest network of electric vehicle chargers on the continent and boosting the appeal of its roadside hotel portfolio.
Oil prices rise as US crude inventories decline by 11.5 million barrels and concerns about Hurricane Idalia in the Gulf of Mexico persist.
The Bill and Melinda Gates Foundation Trust purchased 1.7 million shares of Anheuser-Busch InBev, valued at $95 million, after the company faced controversy and declining stock prices due to a boycott of Bud Light following an ad campaign with transgender actress Dylan Mulvaney.
The European Union has designated Alphabet, Amazon, Apple, ByteDance, Meta, and Microsoft as the first tech gatekeepers to follow the rules of its Digital Markets Act, which prohibits favoritism towards their own services and requires interoperability with third-party entities.
Wells Fargo has agreed to pay a $35 million civil penalty to settle charges by the Securities and Exchange Commission (SEC) that it overcharged advisory fees for more than 10,900 investment accounts, with the bank also reimbursing affected account holders about $40 million.
Amazon CEO Andy Jassy has taken a firm stance on returning to the office, saying that those who refuse to do so at least three days a week may not work out at the company.
Enbridge, a Canadian natural gas company, has agreed to buy the East Ohio Gas Co., potentially leading to a new utility for 1.2 million Dominion Energy customers in Ohio.
Walmart is changing its hourly starting wage structure for entry-level store workers in order to reduce costs in a slowing job market, with all store workers now receiving the same hourly starting wages instead of different levels.
3M has agreed to pay $6 billion to settle lawsuits over its Combat Arms Earplug, which allegedly led to hearing damage and tinnitus, although the settlement is not an admission of liability.
CPAP manufacturer Philips Respironics has reached a $479 million settlement to compensate users of its breathing machines and vendors impacted by the devices' defects, which included blowing bits of foam into consumers' mouths and lungs.
The price of crude oil may reach triple digits by the end of next year, potentially impacting Americans' voting decisions, as global demand for oil is projected to reach a record high of 102 million barrels per day, according to the International Energy Agency and Goldman Sachs analysts.
Heavy rainfall has caused widespread flooding in Metro Detroit, leading to closed roads, flight delays, and cancellations.
A U.S. company, Twin City Foods, is voluntarily recalling frozen corn and mixed vegetable products nationwide over concerns of listeria contamination, which can cause serious illnesses and complications in certain individuals.
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More Americans are opting to forgo homeowners' insurance as rates increase, with 12% of homeowners earning less than $40K going without insurance in 2023, prompting experts to recommend bundling home and auto insurance to reduce costs.
The Texas power grid operator, ERCOT, paid Riot Platforms $31.7 million in energy credits to incentivize the bitcoin mining company to reduce its electricity consumption during a heatwave, which was $22 million more than the value of the bitcoin it mined that month.
A 26-year-old cruise passenger, Kevin McGrath, has gone missing aboard a Carnival Cruise Line ship, with authorities launching an investigation to find him.
Canadian union Unifor has selected Ford Motor Company as the pattern-setting target for auto talks in 2023, diverging from the United Auto Workers' approach with the domestic three companies in the US. Unifor President Lana Payne aims to reach a deal with Ford by the September 18th deadline, while UAW President Shawn Fain may consider striking all three domestic companies simultaneously.
Toyota is hinting at the possibility of a convertible version of its upcoming Century SUV, suggesting that the luxury vehicle may be offered to customers globally, with an expected price tag that surpasses the regular SUV and a limited production of approximately 360 units per year.
Shares of Walt Disney fell 3.9% on Thursday, closing at their lowest level in nearly nine years, as investors anticipate a further price drop due to concerns about the company's turnaround plan and weakness in the broader market.
A Delta flight approaching Atlanta's Hartsfield-Jackson International Airport hit severe turbulence, resulting in 11 people being sent to the hospital after landing.
AMC Entertainment Holdings Inc.'s shares fell 4.2% in premarket trading after filing a prospectus for the sale of up to 40 million shares, resulting in a record-low close.
Charter and Disney are engaged in a dispute over carriage fees, with Charter seeking to transform the cable business with free streaming options and Disney refusing to share profits from its essential streaming services.
A water main break in Times Square flooded the subway system and streets, leading to the shutdown of power and train service, but officials expect no impact on the evening commute and limited impact on nearby businesses and apartments.
Walmart has reduced starting pay for new store employees in certain roles, raising speculation about the labor market's cooling or Walmart's adjustment to pre-pandemic shopping behavior, although the cuts did not affect current employees in those positions.
Workers at Ultium Cells' battery plant in Warren, Ohio, are set to receive raises of over 20% in a tentative agreement reached between Ultium Cells LLC and the United Auto Workers (UAW), pending ratification.
VinFast Auto, a Vietnamese electric vehicle (EV) company that recently went public through a SPAC merger, has seen its stock price surge to irrational levels despite dismal financial performance and questionable fundamentals, making it a prime candidate for an imminent crash.
Bitcoin prices surged 7% as traders reacted to the potential approval of the Grayscale Bitcoin spot ETF by a federal appeals court, although cautious optimism remains as final decisions have yet to be made and trading volume in the digital asset market remains low.
Former FTX Digital Markets CEO Ryan Salame plans to plead guilty to criminal charges, including handling the crypto exchange's political donations, ahead of the trial of Sam Bankman-Fried.
Johnson & Johnson Health Care Systems has disclosed a data breach involving IBM, in which unauthorized users gained access to sensitive information of CarePath users, including full names, contact information, and medical details, although social security numbers and financial data were not compromised; IBM reassures that there is no evidence of misuse of the stolen data, but urges impacted users to remain vigilant and offers one-year credit monitoring for protection against fraud.
Goldman Sachs CEO David Solomon predicts that a wave of tech IPOs, including those of Arm and Instacart, could revive the muted capital markets and lead to an increase in activity in the coming months.
Mortgage lender Better.com experienced a significant drop in share prices after going public, following financial decline, mass layoffs, and controversial behavior by CEO Vishal Garg.
Stock futures fell slightly on Wednesday as investors try to mitigate August's losses and the market awaits labor statistics and earnings reports.
Elon Musk ordered the cutting off of Ukrainian access to Starlink satellites to prevent a drone attack on Russian warships near Crimea, fearing it would lead to a Russian nuclear retaliation, reveals a new biography by Walter Isaacson.
MSNBC anchor Stephanie Ruhle had a close relationship with Under Armour founder Kevin Plank, exchanging private communications and taking trips on his private jet, according to court documents. Both Ruhle and Plank are married, but the company denies any improper behavior.