Business news

• Dow, S&P hit record, DOGE hits the road, Walmart’s DEI rollback

  29-11-2024 22:23 via foxbusiness.com
  
  - Stocks notch another week of record highs as the Trump bump keeps on giving - Elon Musk and Vivek Ramaswamy's DOGE will hit the road next week - President-elect Trump fills out his team with another economic A-lister - Here's how the U.S. could become crypto capital of the world - Walmart typically rolls back prices, but this week it did so with its DEI policies - Meta's Mark Zuckerberg hobnobbed at Mar-a-Lago and JPMorgan's Jamie Dimon does his own 1-1 with the Presid
  
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• Trump has reportedly held secret talks with Jamie Dimon for months about White House agenda

  29-11-2024 20:33 via foxbusiness.com
  
  President-elect Trump and JPMorgan Chase CEO Jamie Dimon have been holding secret talks over the policy agenda for Trump's second term in the White House, FOX Business correspondent Charlie Gasparino reported Friday. Citing four sources close to Trump's transition team, Dimon has served as a "sounding board" for the president-elect for months on issues such as reducing government spending, tax policy, trade and banking regulations.One source claimed Trump has what they described as a "man c
  
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• Ripple poised for New York approval of stablecoin, set to enter regulated US crypto market

  29-11-2024 20:31 via foxbusiness.com
  
  New York’s top crypto regulator is close to greenlighting a new stablecoin issued by cross-border payments company Ripple, FOX Business has learned.People close to the matter say the New York Department of Financial Services has indicated to Ripple it will approve the product and the company is eyeing a possible launch date of Dec. 4. If approved, as expected, Ripple will be allowed to legally offer its stablecoin called RLUSD to the public, positioning it as a major player in New York&rsq
  
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• Crypto entrepreneur pays $6.2M for viral banana artwork – then eats it

  29-11-2024 19:29 via foxbusiness.com
  
  Crypto entrepreneur Justin Sun purchased Maurizio Cattelan’s famed banana duct-taped to a wall artwork for $6.2 million. But it didn't last long, as Sun immediately ate it. This marks the third time someone has publicly eaten the Italian artist's conceptual artwork, titled "Comedian," which is comprised simply of a banana fastened with duct tape to a wall. This time, it happened days after Sun won the artwork at a Sotheby’s art auction in New York.Sun, who founded the Tron block
  
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• One of Warren Buffett's favorite ETFs attracts $100B for first time

  29-11-2024 18:23 via foxbusiness.com
  
  Berkshire Hathaway CEO Warren Buffett, as usual, was onto something when the company picked up Vanguard’s S&P 500 ETF (VOO), a few years ago. Since then, the exchange-traded fund has gradually become a darling of retail investors, crossing $100 billion in net cash flow for the first time this year. "Vanguard’s ownership structure is unique in the industry — we’re owned by our funds, which are in turn owned by the funds’ shareholders. So, we have no div
  
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• Thanksgiving online spending hits record $6.1B

  29-11-2024 17:47 via foxbusiness.com
  
  Consumers collectively spent a record $6.1 billion online over Thanksgiving, an almost 9% increase from last year, according to Adobe Analytics.Online spending on Thursday rose 8.8% year over year. It also outpaced last year's spending of $5.6 billion on Thanksgiving. For its data, Adobe analyzed commerce transactions across 1 trillion visits to U.S. retail sites, covering 18 product categories. Adobe Digital Insights lead analyst Vivek Pandya attributed the record spending to "b
  
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• Canadian news organizations, including CBC, sue ChatGPT creator

  29-11-2024 17:41 via cbc.ca
  
  A group of Canadian news outlets, including CBC/Radio-Canada, Postmedia, Metroland, the Toronto Star, the Globe and Mail and Canadian Press have launched a joint lawsuit claiming copyright infringement against ChatGPT creator OpenAI.
  
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• Musk, Ramaswamy to discuss DOGE plans with GOP lawmakers

  29-11-2024 17:26 via foxbusiness.com
  
  Elon Musk and Vivek Ramaswamy are headed to Washington, D.C., next week to meet with Republican lawmakers about ways to cut the fat from the federal government as co-leads of the Department of Government Efficiency (DOGE) under the incoming Trump administration.House Speaker Mike Johnson, R-La., announced on X that he will host the two billionaires for a discussion with GOP members on Thursday, and issued a save-the-date invitation for all Republican legislators in both the House and Senate for
  
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• Think you know your 401(k)? Here are 5 game-changing facts for a better retirement

  29-11-2024 15:00 via foxbusiness.com
  
  You've most likely been setting aside a slice of each paycheck to feed into your 401(k) — but how much do you understand about this crucial piece of your financial future?Your 401(k) isn't just a retirement account; it's a cornerstone of long-term security, a tool for growing your nest egg and an opportunity to take full control of your golden years. Yet, beneath the surface of this key utensil in your financial toolbelt lies a world of opportunities, rules and strategies that could signif
  
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• Canada's economy grew 1% in the third quarter from higher government, household spending

  29-11-2024 14:36 via cbc.ca
  
  The Canadian economy grew at an annualized rate of one per cent in the third quarter, Statistics Canada said on Friday.
  
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• Canada's economy grew 1% in the third quarter

  29-11-2024 14:36 via cbc.ca
  
  The Canadian economy grew at an annualized rate of one per cent in the third quarter, Statistics Canada said on Friday.
  
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• 5 tips to help you avoid a financial holiday hangover

  29-11-2024 14:00 via foxbusiness.com
  
  The holiday season is a time for joy, family and celebration — but it can also wreak havoc on your finances if you’re not careful. With more than $1.166 trillion in credit card debt, some Americans may be leaning over the sink with a financial holiday hangover if they don’t watch their wallet wisely. Many of us have experienced that post-holiday financial "hangover," where the joy of gift-giving is overshadowed by the harsh reality of overspending. This year, let’s b
  
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• Top states Americans moving to dominated by the South

  29-11-2024 13:00 via foxbusiness.com
  
  There's a southern migration happening in the U.S. right now, and it's not because of the weather.The National Association of Realtors' 2024 Migration Trends report released this week shows Southern states dominated in attracting the most people to move within their borders last year, and only 1% of those who moved said they did so because of climate-related reasons, according to its analysis of U.S. Census Bureau data.The study found 42% of the Americans who moved to a different state last year
  
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