Friday, November 14

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5 things to know before the stock market opens Friday, December 6
Business

5 things to know before the stock market opens Friday, December 6

Here are five key things investors need to know to start the trading day:1. Record slipStocks moved lower Thursday, retreating from the records the major indexes hit in the previous trading session. The Dow Jones Industrial Average dropped 248.33 points, or 0.55%, while, the Nasdaq Composite dipped 0.18% and the S&P 500 slipped 0.19%. Bitcoin, meanwhile, also traded a bit lower, falling below $100,000 after it climbed above that threshold for the first time late Wednesday. Follow live market updates.2. Jobs timeHiring signage displayed at a job and resource fair hosted by the Mountain Area Workforce Development Board in partnership with NCWorks in Hendersonville, North Carolina, US, on Tuesday, Nov. 19, 2024. Allison Joyce | Bloomberg | Getty ImagesIt's the first Friday of December, wh...
Goldman Sachs upgrades HOOD
Business

Goldman Sachs upgrades HOOD

Watch Robinhood stock as the company embarks on an ambitious growth plan, Goldman Sachs said. The bank upgraded online brokerage to buy from neutral. Its $46 per share price target, up from $40, implies 18% upside from Thursday's close. Robinhood held its first ever investor day on Wednesday, which was viewed largely positively from analysts on Wall Street . The company laid out a 10 year company outlook for investors, which included initiatives such as growing its crypto exchange business and a goal of becoming the top active trading platform within the next 24 months. HOOD YTD mountain Robinhood stock. "HOOD has successfully migrated from a fast growing, periodically profitable online broker servicing mostly younger investors, to a best-in-class top and bottom-line asset under custody co...
Chevron to take up to $1.5 billion in fourth-quarter charges
Business

Chevron to take up to $1.5 billion in fourth-quarter charges

A Chevron gas station in Richmond, California, US, on Wednesday, June 19, 2024. David Paul Morris | Bloomberg | Getty ImagesU.S. oil producer Chevron on Thursday said it will take up to $1.5 billion in fourth-quarter charges for restructuring, asset impairments and property sales costs.Much of the charges are for job cuts and relocations planned for the next two years, the company said in a statement. Chevron did not disclose how many jobs would be lost among its 45,000 workers.The cost cutting and asset sales come amid a year-long profit slide that required borrowing to cover shareholder payouts. The No. 2 U.S. oil producer earlier said it aimed to cut up to $3 billion in costs through 2026.Oil companies have turned to acquisitions to lift reserves and output, requiring less expenditures ...
IOC has no problem working with Donald Trump
World News

IOC has no problem working with Donald Trump

Donald Trump. Photo: AFP / Jim Watson The International Olympic Committee has no concerns over working with Donald Trump and his incoming administration on the Los Angeles 2028 Summer Olympics given the President-elect's continued support of those Games, IOC President Thomas Bach said. The Los Angeles Olympics were awarded in 2017 when Trump was president following his first election victory. Trump also met Bach at the White House in 2017 shortly before the Games were awarded to Los Angeles. While the LA Games do not depend on federal funding like most other Olympics, as the project is privately funded, the federal government plays a key role in providing security, transport and travel assistance amongst other areas of support for the event. "It is in the best hands of the United State...
UnitedHealthcare CEO suspect may have taken bus to New York
Business

UnitedHealthcare CEO suspect may have taken bus to New York

Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing.Source: NYPDPolice investigating Wednesday's fatal shooting of UnitedHealthcare CEO Brian Thompson now believe the man wanted in connection with the killing traveled to New York City on a Greyhound bus from Atlanta two weeks ago, NBC News reported Thursday night.Investigators are trying to find a name for the unidentified suspect from ticket purchases for the trip, which ended in New York at around 9 p.m. ET on Nov. 24.That arrival date was two days before UnitedHealth Group, the parent of UnitedHealthcare, announced that it would hold its annual investor conference in New York on Dec. 4 — the same day that a masked gunman killed the 50-year-old CEO Thompson as he was about to walk into that event in the...
Pakistan’s Imran Khan indicted on charges of inciting attacks against military
World News

Pakistan’s Imran Khan indicted on charges of inciting attacks against military

By Asif Shahzad, Reuters A supporter of Pakistan Tehreek-e-Insaf (PTI) party and jailed former prime minister Imran Khan holds a placard during a protest rally in Sydney. Photo: Saeed KHAN / AFP Khan pleads not guilty to terrorism charges His party says it will challenge the indictment Arrest warrants issued for Khan's wife Charges linked to unprecedented attacks against military Pakistan's former Prime Minister Imran Khan was indicted on Thursday on charges of inciting attacks against the military, a case stemming from deadly anti-government rallies led by his party last year. The indictment was the latest in dozens of cases against the 72-year-old former cricket star turned politician, who has been in jail since late last year. It came hours after a court issued warrants ...
Dollar General tests same-day delivery as discounter chases Walmart
Business

Dollar General tests same-day delivery as discounter chases Walmart

The exterior of a Dollar General convenience store on August 30, 2024 in Austin, Texas. Brandon Bell | Getty ImagesDollar General is testing same-day delivery to customers' homes as the deep discounter tries to fend off fiercer competition with Walmart.On an earnings call Thursday, Dollar General CEO Todd Vasos said the retailer "soft launched" the delivery program in September. Now it offers same-day delivery at about 75 stores, he said. It is offered through a third-party company, which he did not name."We've always said here, 'We're going to do delivery our way when it's time,'" Vasos said. "We believe it's time."He said the company expects it will ultimately expand the offering to "thousands of stores."With same-day delivery, the Tennessee-based dollar store is acknowledging the pressu...
How the UnitedHealthcare CEO shooting unfolded
World News

How the UnitedHealthcare CEO shooting unfolded

By Lauren Mascarenhas and Annette Choi, CNN Two photos released by NYPD show the unidentified shooter of UnitedHealthcare CEO Brian Thompson Photo: NYPD via CNN A manhunt is underway for the man who fatally shot UnitedHealthcare CEO Brian Thompson Wednesday morning, in what police believe was a targeted attack. The gunman shot Thompson outside a hotel in Midtown Manhattan before fleeing through the city. Police are using video surveillance to piece together the suspect's movements before and after the shooting Wednesday. Here's a visual timeline of the alleged gunman's movements before, during and after the shooting: Brian Thompson was the CEO of the largest US health insurer, UnitedHealthcare. Photo: LinkedIn / Supplied Key moments so far 6.15am - Wednesday, 4 December A surve...
Repeat after me one more time: Ticketmaster does not set the price of concert tickets – National
Entertainment, Movies

Repeat after me one more time: Ticketmaster does not set the price of concert tickets – National

It happened twice in the last couple of weeks. The first time, it was a guest column in The Globe and Mail entitled “I fought Ticketmaster, and Ticketmaster won.” Over the next 869 words, the writer bemoaned the difficulties she had getting tickets to hot shows by Taylor Swift, Bad Bunny, and Beyonce.All the gigs were sold out. In other words, there were more bums than seats for these shows. With demand sky-high, the price of tickets on the secondary market followed suit following the laws of supply and demand. We deal with that basic of capitalism every single day.The author also spelled out a litany of grievances against Ticketmaster: The bait-and-switch of dynamic prices; allegations (still not tested in court) of the company colluding with scalpers; alleged pressure on small venues to ...
RBI keeps rates steady, revises down GDP growth forecast 2025 fiscal year
Business

RBI keeps rates steady, revises down GDP growth forecast 2025 fiscal year

Signage for the Reserve Bank of India (RBI) in Mumbai, India, on Friday, April 5, 2024. Dhiraj Singh | Bloomberg | Getty ImagesIndia's central bank expectedly kept the benchmark interest rate unchanged at 6.50% on Friday as it struggles to contain rising inflation without hurting growth in Asia's third-largest economy.The decision came in line with economists' expectation in a Reuters poll, as India's consumer prices inflation surged to a 14-month high of 6.21% in October, significantly higher than the central bank's target of 4% and also above its tolerance ceiling of 6%.Reserve Bank of India Governor Shaktikanta Das said the central bank had revised India's GDP growth outlook for fiscal year 2025 down to 6.6% — RBI had forecast 7.2% growth in October — adding that the slowdown in the dom...