Business

5 things to know before the stock market opens Monday

Here are the most important news items that investors need to start their trading day.

Your corporate board might be the weakest link when it comes to adopting AI

Many say that AI isn’t even on the table of their boards, and it could cost them in the long ...

Stocks making the biggest moves premarket: Flutter Entertainment, Boeing, SiriusXM, Caterpillar

These are the stocks posting the largest moves in premarket trading.

The Broadsheet is now Most Powerful Women Daily

The newsletter you know and love is getting a new name—with the same commitment to the stories that matter to ...

Saudi Arabia has a big plan for oil that could hammer Russia’s war machine, economists warn

Saudi Arabia’s plans to ramp up oil production could hit price levels critical for fueling Russia’s invasion of Ukraine. Read ...

European Central Bank set for third interest rate cut of the year in meeting this week

Markets are eyeing two more rate cuts from the euro area’s central bank this year amid a weak growth outlook ...

Stripe, Wise founders want a ‘tech renaissance’ in Europe to help region rival Silicon Valley

Founders of some of Europe’s largest technology unicorns are calling for the creation of a single pan-European entity to promote ...

Trump proposes 10,000 more Border Patrol agents after derailing bipartisan border bill

Trump has vowed to stage the largest deportation operation in American history if he is elected president again. Read More

Exclusive: Toy brand KiwiCo has surpassed $1 billion in lifetime revenue

Since its 2011 founding, KiwiCo, a STEM-based toy and activity brand, has generated more than $1 billion in revenue, Fortune ...

Harris lays out economic empowerment plan for Black men as she looks to energize voters

Harris’ plan includes providing forgivable business loans for Black entrepreneurs and creating more apprenticeships. Read More

Big-cap bull market turns two, leaving small-cap stocks further behind

In exasperation, small cap enthusiasts have turned to ETFs that exclude unprofitable companies altogether, and those funds have been attracting ...

ServiceNow to invest $1.5 billion in the UK to localize AI data processing

American enterprise software giant ServiceNow says it plans to invest $1.5 billion in the U.K. over the next five years.

Biden, surveying Milton’s aftermath, announces $600M for rebuilding in Florida and other states

The Biden administration has sought to combat misinformation from former President Donald Trump and others about the emergency funds flowing ...

UK Prime Minister Keir Starmer vows to slash regulatory red tape in bid to boost investment

U.K. Prime Minister Keir Starmer on Monday vowed to slash regulatory red tape to boost anaemic investment in the country.

China shares rise on vague stimulus news while Europe’s luxury brands take a hit

Shares in mainland China rose as investors digested Beijing’s Saturday briefing on stimulus measures—in which the finance minister said more ...

ECB expected to lower interest rates once again as inflation in the eurozone fades

Inflation fell to 1.8% in September, the first time it has been below the ECB’s target of 2% since 2021. ...

Wells Fargo upgrades Flutter Entertainment, says buy the dip on the FanDuel parent stock

Investors should snatch up shares of Flutter Entertainment following a recent sell-off, according to Wells Fargo.

Nobel economics prize for 2024 awarded to Daron Acemoglu, Simon Johnson and James Robinson

The winner of the award, officially the “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel,” receives $1 ...

Here’s what’s open (and closed) on Columbus Day 2024

It’s a bank holiday, but you should be in decent shape for other errands. Read More

Nobel Prize in economics awarded to Daron Acemoglu, Simon Johnson and James Robinson

Laureates recognised for studying the impact of institutions and the rule of law on nations’ prosperity

TikTok layoffs favor AI content moderation

Chalk one up for the machines. Read More

Private prison giant has spent over $4.4m to settle mistreatment complaints in 1 state—including at least 22 inmate deaths

Details of nearly 80 settlements provided to The Associated Press through public records requests allege brutal beatings, medical neglect and ...

Murder trial begins in fatal stabbing of Cash App founder Bob Lee

The trial of a tech consultant begins a year and a half after the widely admired entrepreneur was found staggering on a ...

‘Terrifier 3’ beats ‘Joker’ to top the box office as Trump film ‘The Apprentice’ stumbles

That “Terrifier 3” could notably overperform expectations and leapfrog both major studios and awards hopefuls was only possible due to the ...

Ocean City tries to save historic Jersey Shore amusement park with ‘Giant Wheel’ as it shuts after generations

Gillian’s Wonderland Pier closed down becoming the victim of financial woes made worse by the lingering aftereffects of the COVID-19 ...

TPG and Blackstone team up to bid for eyecare company Bausch + Lomb

Deal could be among year’s largest private equity buyouts as contact lens maker looks to split from indebted parent

Who should, and shouldn’t, sign up for the new Medicare Prescription Payment Plan

Medicare’s Plan Finder also has a new tool to help you determine whether M3P would help you. Read More

U.K. Prime Minister Keir Starmer vows to ‘rip out the bureaucracy that blocks investment’

Starmer will be hosting a London summit aimed at securing much-needed funds. Read More

European carmakers descend on Paris to showcase low-cost EVs

The show could mark a turning point for Europe’s automakers, which have struggled to produce cheap EVs. Read More

Expect more emerging market sovereign defaults, says S&P

Countries exiting restructurings have lower ratings than in the past and may struggle to access capital