Month October 2024

Global stocks mostly lower after Big Tech stocks push Nasdaq to record high

Global markets were mostly lower on Wednesday after a rally by technology stocks propelled the Nasdaq composite to a record high.

Volkswagen says cost cuts are urgently needed as its earnings decline sharply

Volkswagen said significant cost cuts are urgently needed as it reported a steep decline in third-quarter earnings on Wednesday and faced employee representatives angry at the possibility of the automaker’s first plant closures in Germany.

Jobs report on eve of election will be among the most distorted in years

Four days before Election Day, the government will issue its final snapshot of hiring and unemployment in the United States after a presidential race in which voter perceptions of the economy have played a central role.

U.S. economy grew at a solid 2.8% pace last quarter on strength of consumer spending

The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.

U.K. Treasury chief unveils budget with 40 billion pounds in tax hikes, promising greater investment

British Treasury chief Rachel Reeves is announcing 40 billion pounds in tax hikes in her first budget, saying she will use the money to “invest, invest, invest” and get the economy growing.

Court approves Tupperware’s sale to lenders, paving way for brand’s exit from bankruptcy

A U.S. bankruptcy judge approved a sale of Tupperware Brands on Tuesday, paving the way for the iconic food storage company to soon exit Chapter 11 protection and continue offering its products while undergoing a hoped-for revitalization.

Boeing meets with strikers for first time since contract rejection

Boeing and its striking union returned to the bargaining table Tuesday for the first talks since the union turned thumbs down on a contract proposal last week.

Taliban bans women ‘hearing other women’s voices’ in latest decree

The Taliban has once again taken steps to further impose extreme restrictions on women under its interpretation of sharia law in Afghanistan, this time banning women from “hearing other women’s voices” while they pray, reports said this week. Khalid Hanafi,… Continue Reading →

At least 63 dead in devastating flash floods across eastern Spain, officials say

At least 63 people have died in eastern Spain after flash floods swept away cars, turned village streets into rivers and disrupted rail lines and highways in the worst natural disaster to hit the European nation in recent memory. Emergency… Continue Reading →

Pentagon threatens no new limits on Ukraine weapons if North Korea joins Russia’s war

The Pentagon is warning there will be no new limits on Ukraine’s use of American weapons if North Korean soldiers amassing in Russia join the military conflict.  The declaration comes after the Department of Defense announced in mid-October that it… Continue Reading →

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