Business Archives - Page 4 of 8

Dow closes above 50,000 for the first time ever

Friday, February 6

(NEW YORK) -- The Dow Jones Industrial Average closed above 50,000 for the first time ever on Friday.A surge in markets reversed a selloff that hammered tech stocks earlier in the week.The Dow closed up 1,206 points, or 2.4%, while the S&P 500... Read More.

Consumer sentiment brightens, defying economists’ expectations

Friday, February 6

(NEW YORK) -- Consumer sentiment ticked higher in February for the second consecutive month as inflation fears appeared to ease, though shopper attitudes remained well below levels registered a year ago, University of Michigan data on Friday showed. The reading exceeded economists'... Read More.

Bitcoin plunges to lowest level since October 2024

Thursday, February 5

(NEW YORK) -- The price of bitcoin plunged more than 10% on Thursday, sinking the world's largest cryptocurrency to its lowest level since October 2024 and erasing sizable gains made since then.That was weeks before the election of President Donald Trump, a Read More.

EEOC alleges anti-white discrimination at Nike, seeks court enforcement of subpoena

Thursday, February 5

(WASHINGTON) -- The federal agency that investigates workplace discrimination is seeking court enforcement of a subpoena it has issued to Nike as it pursues allegations that the athletic apparel maker has been discriminating against its white employees in its corporate diversity policies. The Equal... Read More.

Disney names Josh D’Amaro CEO, Dana Walden president and chief creative officer

Tuesday, February 3

(NEW YORK) -- The Walt Disney Company announced on Tuesday that Josh D'Amaro will become the company's next CEO in March, replacing current chief executive Bob Iger when he steps down from the role this year. Dana Walden will become the company's president and... Read More.

Trump accounts, deductions for tips: What’s new for tax filing this year

Wednesday, January 28

(NEW YORK) -- Tax season kicked off this week as the U.S. Internal Revenue Service began allowing filers to submit completed tax forms.Americans can file anytime before April 15. The IRS said earlier this month that it expects more than 164 million... Read More.

Federal Reserve expected to hold interest rates steady, defying Trump

Wednesday, January 28

(NEW YORK) -- The Federal Reserve on Wednesday is set to announce its latest decision on the level of interest rates, marking its first rate move since news surfaced of a federal criminal investigation into Fed Chair Jerome Powell.The investigation ratcheted up an extraordinary... Read More.

Amazon to reduce workforce by 16,000, company says in email to staff

Wednesday, January 28

(NEW YORK) -- Tech giant Amazon said on Wednesday it planned to cut about 16,000 employees as it seeks to "strengthen" its business by reducing "layers" and "bureaucracy" within its workforce."The reductions we are making today will impact approximately 16,000 roles across Amazon, and... Read More.

Trade tensions are whipsawing US mortgage rates. What happens next?

Tuesday, January 27

(NEW YORK) -- Mortgage rates whipsawed in recent weeks as markets reacted to a flurry of policies from the Trump administration.It began with a major milestone. Mortgage rates earlier this month fell below 6% for the first time in nearly three years, according to... Read More.

Gold hits record high as investors seek safety

Monday, January 26

Gold soared to a new record high on Monday, topping $5,000 per ounce for the first time ever as investors rushed toward the safe-haven asset amid geopolitical unrest.The latest uptick continued a blazing-hot stretch for gold. Over the past year, the price... Read More.

Dow closes up 580 points after Trump backs off tariffs over Greenland

Wednesday, January 21

(NEW YORK) -- Stocks closed markedly higher on Wednesday after President Donald Trump backed off of tariff threats over Greenland. The major indexes recovered most of the losses they suffered the day before amid trade tensions centered on the Danish territory.The Dow... Read More.

European officials suspend US trade agreement amid tariff dispute over Greenland

Wednesday, January 21

(NEW YORK) -- European lawmakers on Wednesday suspended a trade agreement with the United States over tariff threats issued by President Donald Trump as part of his push to acquire Greenland.The announcement came minutes after President Donald Trump reasserted his call for... Read More.

Business

Dow closes above 50,000 for the first time ever

Consumer sentiment brightens, defying economists’ expectations

Bitcoin plunges to lowest level since October 2024

EEOC alleges anti-white discrimination at Nike, seeks court enforcement of subpoena

Disney names Josh D’Amaro CEO, Dana Walden president and chief creative officer

Trump accounts, deductions for tips: What’s new for tax filing this year

Federal Reserve expected to hold interest rates steady, defying Trump

Amazon to reduce workforce by 16,000, company says in email to staff

Trade tensions are whipsawing US mortgage rates. What happens next?

Gold hits record high as investors seek safety

Dow closes up 580 points after Trump backs off tariffs over Greenland

European officials suspend US trade agreement amid tariff dispute over Greenland

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