INSIDER
Best Buy reports another quarterly sales decline as shoppers pull back spending on gadgets
Read full article: Best Buy reports another quarterly sales decline as shoppers pull back spending on gadgetsBest Buy, the nation’s largest consumer electronics chain, on Tuesday reported another quarterly drop in sales as Americans continued to tighten their purse strings on appliances and gadets to focus on essentials.
Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker paused
Read full article: Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker pausedPresident Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factory.
What Black Friday's history tells us about holiday shopping in 2024
Read full article: What Black Friday's history tells us about holiday shopping in 2024The holiday shopping season is about to reach full speed with Black Friday, which kicks off the post-Thanksgiving retail rush later this week.
Stock market today: Wall Street hangs around its records in mixed trading
Read full article: Stock market today: Wall Street hangs around its records in mixed tradingU.S. stocks are hanging around their records as Wall Street takes Donald Trump’s latest talk about tariffs in stride, even if they could roil the global economy were they to take effect.
Walmart becomes latest - and biggest - company to roll back its DEI policies
Read full article: Walmart becomes latest - and biggest - company to roll back its DEI policiesWalmart, the world’s largest retailer, is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations that have done the same after coming under attack by conservative activists.
Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office
Read full article: Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in officePresident-elect Donald Trump is threatening to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs.
Auto industry's shift toward EVs is expected to go on despite Trump threat to kill tax credits
Read full article: Auto industry's shift toward EVs is expected to go on despite Trump threat to kill tax creditsIf President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases, it’s likely that fewer buyers will choose EVs.
Detroit's iconic Renaissance Center could see 2 towers razed in $1.6B redevelopment plan
Read full article: Detroit's iconic Renaissance Center could see 2 towers razed in $1.6B redevelopment planTwo towers at Detroit’s iconic Renaissance Center would be razed and the complex converted to a mix of housing and offices under an ambitious $1.6 billion plan announced on Monday.
Carrefour's cold shoulder for South American beef sparks a backlash from Brazil
Read full article: Carrefour's cold shoulder for South American beef sparks a backlash from BrazilSupermarket giant Carrefour’s support for French farmers’ protests against a trade agreement between the European Union and the South American bloc Mercosur has sparked a strong reaction in Brazil.
Eggs are available -- but pricier -- as the holiday baking season begins
Read full article: Eggs are available -- but pricier -- as the holiday baking season beginsEgg prices are on the rise again as a lingering outbreak of bird flu coincides with high demand during the holiday baking season.
Commerce Department to reduce Intel's funding on semiconductors
Read full article: Commerce Department to reduce Intel's funding on semiconductorsThe Biden administration plans on reducing part of Intel’s $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations.
Formula 1 expands grid to add General Motors' Cadillac brand and new American team for 2026 season
Read full article: Formula 1 expands grid to add General Motors' Cadillac brand and new American team for 2026 seasonFormula 1 will expand the grid in 2026 to make room for an American team that is partnered with General Motors.
Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death
Read full article: Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his deathInvestor Warren Buffett renewed his Thanksgiving tradition of giving by announcing plans Monday to hand more than $1.1 billion of Berkshire Hathaway stock to four of his family's foundations, and he offered new details about who will be handing out the rest of his fortune after his death.
‘Buy now, pay later’ is more popular than ever. It can cost more than you think
Read full article: ‘Buy now, pay later’ is more popular than ever. It can cost more than you thinkMore shoppers are using ‘buy now, pay later’ plans heading into Black Friday and the holiday season, as the ability to spread out payments looks attractive at a time when Americans still feel the lingering effect of inflation and already have record-high credit card debt.
As Amazon expands use of warehouse robots, what will it mean for workers?
Read full article: As Amazon expands use of warehouse robots, what will it mean for workers?Amazon has introduced a handful of robots in its warehouses that the e-commerce giant says will improve efficiency and reduce employee injuries.
Thanksgiving Travel Latest: Airport strike, staff shortages and weather could impact holiday travel
Read full article: Thanksgiving Travel Latest: Airport strike, staff shortages and weather could impact holiday travelAirports and highways are expected to be jam-packed during Thanksgiving week, a holiday period likely to end with another record day for air travel in the United States.
At the crossroads of news and opinion, 'Morning Joe' hosts grapple with aftermath of Trump meeting
Read full article: At the crossroads of news and opinion, 'Morning Joe' hosts grapple with aftermath of Trump meetingThe reaction of those who defended “Morning Joe” hosts Joe Scarborough and Mika Brzezinski for meeting with President-elect Trump sounds almost quaint in the days of opinionated journalism.
Newsom says California could offer electric vehicle rebates if Trump eliminates federal tax credit
Read full article: Newsom says California could offer electric vehicle rebates if Trump eliminates federal tax creditCalifornia could offer state tax rebates for electric vehicle purchases if the incoming Trump administration eliminates the $7,500 federal EV tax credit.
Bath & Body Works sees strong sales in Q3, raises full-year outlook
Read full article: Bath & Body Works sees strong sales in Q3, raises full-year outlookBath & Body Works fiscal third-quarter performance topped analysts’ estimates thanks to strong sales and the retailer boosted its full-year outlook.
Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings
Read full article: Macy’s says employee hid up to $154 million in expenses, delaying Q3 earningsMacy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue.
France's far right threatens to bring down the government over the planned budget
Read full article: France's far right threatens to bring down the government over the planned budgetFrench far-right leader Marine Le Pen has threatened bring down France’s minority government by the end of the year unless changes are made to the country's budget bill.
Swatch wins Malaysian suit over watches the government said had LGBTQ+ elements
Read full article: Swatch wins Malaysian suit over watches the government said had LGBTQ+ elementsSwiss watchmaker Swatch has won a suit against the Malaysian government after a court ordered the return of 172 Swatch watches seized last year due to designs that authorities said bore LGBT elements.
Judge hears closing arguments on whether Google's advertising tech constitutes a monopoly
Read full article: Judge hears closing arguments on whether Google's advertising tech constitutes a monopolyThe Justice Department and Google have made their closing arguments in a trial alleging Google’s online advertising technology constitutes an illegal monopoly.
Internet entrepreneur Kim Dotcom has suffered a serious stroke, a post on his X account says
Read full article: Internet entrepreneur Kim Dotcom has suffered a serious stroke, a post on his X account saysThe X account for internet entrepreneur Kim Dotcom says he has suffered a “serious stroke.”.
India's opposition protests against billionaire facing US bribery and fraud charges
Read full article: India's opposition protests against billionaire facing US bribery and fraud chargesHundreds of supporters of India’s main opposition party have protested against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and bribery, and accused the government of protecting the Indian coal magnate whose companies’ shares have plunged since the charges last week.
Workers at Charlotte airport, an American Airlines hub, go on strike during Thanksgiving travel week
Read full article: Workers at Charlotte airport, an American Airlines hub, go on strike during Thanksgiving travel weekAmerican Airlines says it doesn’t expect significant disruptions to flights this week as a result of a labor strike at its hub in Charlotte, North Carolina.
DHL cargo plane crashes and skids into a house in Lithuania, killing a Spanish crew member
Read full article: DHL cargo plane crashes and skids into a house in Lithuania, killing a Spanish crew memberA DHL cargo plane has crashed on approach to an airport in Lithuania's capital and skidded into a nearby house, killing a Spanish crew member.
The Onion's bid for Alex Jones' Infowars hangs in the balance as judge orders new hearing
Read full article: The Onion's bid for Alex Jones' Infowars hangs in the balance as judge orders new hearingA federal judge in Texas has delayed a hearing in conspiracy theorist Alex Jones' effort to stop the satirical news outlet The Onion from buying Infowars and turning it into a parody.
Overhauls of 'heritage brands' raise the question: How important are our products to our identities?
Read full article: Overhauls of 'heritage brands' raise the question: How important are our products to our identities?A spate of iconic rebrands in recent weeks have left some people reeling in a consumerist society where what we buy says a lot about who we are.
What to know about the plastic pollution treaty talks in South Korea
Read full article: What to know about the plastic pollution treaty talks in South KoreaA last round of negotiations on a legally binding treaty to address the global scourge of plastic pollution has opened in Busan, South Korea.
In South Korea, nations meet in final round to address global plastic crisis
Read full article: In South Korea, nations meet in final round to address global plastic crisisNegotiators are gathered in South Korea in what’s billed as a final push to address the global crisis of plastic pollution.
He'll be the last meatpacker in the Meatpacking District. Here's how NYC's gritty 'hood got chic
Read full article: He'll be the last meatpacker in the Meatpacking District. Here's how NYC's gritty 'hood got chicThe last meatpackers in New York's Meatpacking District have agreed to end their leases early and make way for development on their city-owned lot.
Trump's Republican Party is increasingly winning union voters. It's a shift seen in his labor pick
Read full article: Trump's Republican Party is increasingly winning union voters. It's a shift seen in his labor pickWorking-class voters helped Republicans make steady election gains this year and expanded a coalition that increasingly includes rank-and-file union members.
Tens of thousands of Spaniards protest housing crunch and high rents in Barcelona
Read full article: Tens of thousands of Spaniards protest housing crunch and high rents in BarcelonaTens of thousands of Spaniards are marching in downtown Barcelona to protest the skyrocketing cost of renting an apartment in the popular tourist destination.
Afraid of losing the US-Canada trade pact, Mexico alters its laws and removes Chinese parts
Read full article: Afraid of losing the US-Canada trade pact, Mexico alters its laws and removes Chinese partsMexico has been taking a bashing for allegedly serving as a conduit for Chinese parts and products into North America.
Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary
Read full article: Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretaryPresident-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time settling on billionaire investor Scott Bessent as his choice for treasury secretary.
A $300B a year deal for climate cash at UN summit sparks outrage for some and hope for others
Read full article: A $300B a year deal for climate cash at UN summit sparks outrage for some and hope for othersNegotiators will soon decide whether to accept a proposed $300 billion funding package for poor nations to curb and adapt to climate change — a plan hammered out early Sunday by the head of fractured United Nations climate talks.
What to know about Lori Chavez-DeRemer, Trump's pick for labor secretary
Read full article: What to know about Lori Chavez-DeRemer, Trump's pick for labor secretaryPresident-elect Donald Trump has named Oregon Rep. Lori Chavez-DeRemer to lead the Department of Labor, elevating a Republican congresswoman who has strong support from unions in her district but lost reelection in November.
What to know about Scott Bessent, Trump's pick for treasury secretary
Read full article: What to know about Scott Bessent, Trump's pick for treasury secretaryPresident-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary.
Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor
Read full article: Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for LaborPresident-elect Donald Trump has chosen hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary.
Charlotte airport workers voting on whether to strike during busy Thanksgiving travel week
Read full article: Charlotte airport workers voting on whether to strike during busy Thanksgiving travel weekService workers at Charlotte Douglas International Airport are voting on whether to go on a 24-hour strike around Thanksgiving amid complaints about low wages and poor working conditions.
Fox attorneys seek to dismiss shareholder lawsuit over reporting of vote rigging allegations in 2020
Read full article: Fox attorneys seek to dismiss shareholder lawsuit over reporting of vote rigging allegations in 2020Attorneys for Fox Corp. are asking a Delaware judge to dismiss a lawsuit seeking to hold current and former company officials personally liable for the financial fallout from Fox News reports regarding alleged vote rigging in the 2020 election.
Supreme Court steps into fight over FCC's $8 billion subsidies for internet and phone services
Read full article: Supreme Court steps into fight over FCC's $8 billion subsidies for internet and phone servicesThe Supreme Court has stepped into a major legal fight over the $8 billion a year the federal government spends to subsidize phone and internet services in schools, libraries and rural areas, in a new test of federal regulatory power.
Amazon to invest an additional $4 billion in AI startup Anthropic
Read full article: Amazon to invest an additional $4 billion in AI startup AnthropicAmazon is investing an additional $4 billion in the artificial intelligence startup Anthropic as major technology companies rush to fund generative AI.
DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit
Read full article: DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuitDirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.
ExxonMobil could partner up with Eni and Total to jointly develop natural gas deposits off Cyprus
Read full article: ExxonMobil could partner up with Eni and Total to jointly develop natural gas deposits off CyprusCyprus’ energy minister says ExxonMobil could partner up with a consortium composed of Eni of Italy and Total of France to jointly develop gas deposits they’ve discovered close to each other off the island nation’s southern coast.
US budget airlines are struggling. Will pursuing premium passengers solve their problems?
Read full article: US budget airlines are struggling. Will pursuing premium passengers solve their problems?Delta and United Airlines have become the most profitable U.S. airlines by targeting premium customers while also winning a significant share of budget travelers.
US bribery and fraud charges are a big test yet for India's Adani, one of Asia's richest men
Read full article: US bribery and fraud charges are a big test yet for India's Adani, one of Asia's richest menIndian tycoon Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery.
Australia rejects Elon Musk's claim that it plans to control access to the internet
Read full article: Australia rejects Elon Musk's claim that it plans to control access to the internetAn Australian Cabinet minister has rejected X Corp. owner Elon Musk’s allegation that the government intends to control all Australians' access to the internet through legislation that would ban young children from social media.
The Bahamas will refinance part of its debt to protect its famous turquoise waters
Read full article: The Bahamas will refinance part of its debt to protect its famous turquoise watersThe Bahamas says it will refinance $300 million of its external debt to free up more than $120 million for marine conservation projects and climate change mitigation.
A proposed deal on climate cash at UN summit highlights split between rich and poor nations
Read full article: A proposed deal on climate cash at UN summit highlights split between rich and poor nationsA new draft of a deal on money to curb and adapt to climate change released Friday afternoon at the United Nations climate summit pledged $250 billion annually by 2035 from wealthy countries to poorer ones.
Stock market today: Wall Street gains ground as it notches a winning week and another Dow record
Read full article: Stock market today: Wall Street gains ground as it notches a winning week and another Dow recordStocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average.
Oil company Phillips 66 faces federal charges related to alleged Clean Water Act violations
Read full article: Oil company Phillips 66 faces federal charges related to alleged Clean Water Act violationsOil company Phillips 66 has been federally indicted in connection with alleged violations of the Clean Water Act in California.
What you need to know about the proposed measures designed to curb Google's search monopoly
Read full article: What you need to know about the proposed measures designed to curb Google's search monopolyU.S. regulators are proposing aggressive measures to restore competition to the online search market after a federal judge ruled that Google maintained an illegal monopoly.
Elon Musk's budget crusade could cause a constitutional clash in Trump's second term
Read full article: Elon Musk's budget crusade could cause a constitutional clash in Trump's second termDonald Trump has put Elon Musk and Vivek Ramaswamy in charge of finding ways to cut government spending and regulations.
House passes bill that would allow Treasury to target nonprofits it deems to support terrorism
Read full article: House passes bill that would allow Treasury to target nonprofits it deems to support terrorismThe U.S. House passed legislation that would give the Treasury Department unilateral authority to strip the tax-exempt status of nonprofits it claims support terrorism.
Airline CEOs and Transportation Secretary Buttigieg fight over regulations even after election
Read full article: Airline CEOs and Transportation Secretary Buttigieg fight over regulations even after electionThe Biden administration is on its way out of power, but that's not ending the arguments between the administration and airlines that think they are being over-regulated.
Students can now apply for federal college aid. Officials hope for a smoother rollout this year
Read full article: Students can now apply for federal college aid. Officials hope for a smoother rollout this yearThe federal FAFSA form used to apply for college financial aid opened to high school seniors across the nation on Thursday, a year after a disastrous rollout by the Biden administration delayed the application for months.
The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war
Read full article: The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into warRussia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday.
US home sales rose in October, notching their first annual gain in more than 3 years
Read full article: US home sales rose in October, notching their first annual gain in more than 3 yearsSales of previously occupied U.S. homes rose in October, the first annual gain in more than three years, with home shoppers encouraged by easing rates and a pickup in properties on the market.
Giannis Antetokounmpo launches venture capital fund for investments in sports and entertainment
Read full article: Giannis Antetokounmpo launches venture capital fund for investments in sports and entertainmentGiannis Antetokounmpo is looking for some assists off the court, aiding with investments in early stage startup companies.
A draft deal on climate money for developing world is silent on how much as UN summit nears end
Read full article: A draft deal on climate money for developing world is silent on how much as UN summit nears endA new draft text released early Thursday which will form the basis of any deal reached at United Nations climate talks on money for developing countries to transition to clean energy and adapt to climate change left out a crucial sticking point: how much wealthy nations will pay.
What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?
Read full article: What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?Two television networks with “NBC” in their names — MSNBC and CNBC — will no longer have any corporate connection to NBC News once a spinoff formally takes effect in about a year.
Stock market today: Most of Wall Street climbs as Nvidia swings, bitcoin rises and Alphabet sinks
Read full article: Stock market today: Most of Wall Street climbs as Nvidia swings, bitcoin rises and Alphabet sinksU.S. stocks climbed after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected.
US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment
Read full article: US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishmentU.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade.
Feds outline 'necessary steps' for Colorado River agreement by 2026 but no recommendation yet
Read full article: Feds outline 'necessary steps' for Colorado River agreement by 2026 but no recommendation yetFederal water officials have made public what they call “necessary steps” for the seven states and multiple tribes that rely on the Colorado River to meet an August 2026 deadline for deciding how to manage the waterway in the future.
Class action lawsuit on AI-related discrimination reaches final settlement
Read full article: Class action lawsuit on AI-related discrimination reaches final settlementA federal judge has signed off on a settlement agreement Wednesday in a class action lawsuit alleging that an algorithm designed to score rental applicants discriminated on the basis of race and income.
US ahead in AI innovation, easily surpassing China in Stanford's new ranking
Read full article: US ahead in AI innovation, easily surpassing China in Stanford's new rankingThe U.S. leads the world in developing artificial intelligence technology, surpassing China in research and other important measures of AI innovation, according to a newly released Stanford University index.
Australia's parliament considers legislation banning social media for under 16s
Read full article: Australia's parliament considers legislation banning social media for under 16sLegislation for the world's first legal ban on children under 16 using social media has been introduced in Australia's Parliament.
Federal Reserve's likely slowdown in rate cuts could disappoint borrowers
Read full article: Federal Reserve's likely slowdown in rate cuts could disappoint borrowersJust a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates.
Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips
Read full article: Nvidia beats earnings expectations as investors eye demand for Blackwell AI chipsNvidia has reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust.
Brazil’s Lula welcomes China's Xi for state visit as ties between countries strengthen
Read full article: Brazil’s Lula welcomes China's Xi for state visit as ties between countries strengthenBrazil's President Luiz Inácio Lula da Silva has welcomed China’s President Xi Jinping for a state visit at the Alvorada Palace in Brasilia, in the latest sign of deepening ties between the two countries that analysts say may accelerate as Donald Trump returns to the White House in 2025.
As US ramps up nuclear power, fuel supplier plans to enrich more uranium domestically
Read full article: As US ramps up nuclear power, fuel supplier plans to enrich more uranium domesticallyA supplier of fuel for nuclear power plants has announced a $60 million expansion in Tennessee, promising more manufacturing of high-tech centrifuges there to enrich uranium.
Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraud
Read full article: Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraudThe founder of Archegos Capital Management, a hedge fund, has been sentenced to 18 years in prison for his conviction in a securities and market manipulation fraud that prosecutors say cost global investment banks billions of dollars.