Business

Scottish Widows kills off renowned ‘widow’ model in rebrand

New look reflects increased digital focus, says insurer

Jamie Dimon says geopolitical risks are surging: ‘Conditions are treacherous and getting worse’

JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East.

Nvidia-backed CoreWeave gets $650 million credit line from top Wall Street banks

CoreWeave, an Nvidia-backed AI startup that rents out GPUs to companies, announced Friday that it has a new $650 million ...

Stocks making the biggest moves premarket: Wells Fargo, JPMorgan, Tesla, Stellantis and more

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

‘Alphabet soup’ to ‘asking the wrong questions’: Here’s what top DEI leaders are saying about the state of inclusion in the workplace

Business executives are split on the DEI drawbacks and changing language, but are united by one common sentiment. Read More

Friday’s analyst calls: Goldman raises Nvidia target, JPMorgan upgrades Ferrari

Goldman getting more bullish Nvidia was the call of Friday morning so far.

BNY becomes first bank in history with $50 trillion in assets under custody and administration on the way to a record quarter

One of the oldest banks in America crossed a historic milestone last quarter, but it’s not all good news Read ...

Famed economist Ed Yardeni’s updated his Fed cut prediction to ‘none and done’ because the inflation battle isn’t over

“In my scenario rates are pretty comfortable where they are relative to the economy,” Yardeni said. Read More

China detains iPhone factory employees

Four removed from a Foxconn factory. Is this a Taiwan-China thing? Perhaps. Read More

Fitness app Strava has a new AI coach—and its whacky comments are going viral

Strava’s chief product officer says that reaction has been positive during the product’s beta testing, despite the inevitable memes. Read ...

Inside the Fed’s big rate cut decision, where officials were divided more than you’d think

Prior to September, the Fed had not cut rates since March 2020. Read More

Mayfield’s Navin Chaddha on the firm’s AI Garage and the qualities of a strong prospective founder

Mayfield’s AI Garage program seeks to identify fledgling AI founders before they’re even really, well, founders. Read More

Ryanair is retaliating against Germany’s tax hikes by slashing routes and cutting 1.8 million seats

Ryanair is pushing back against Germany’s recent move to hike aviation taxes, which it argues is damaging for the travel ...

Citadel’s Ken Griffin on what’s wrong with the media

It is too hard to tell the difference between clickbait and reporting-based analysis.  Read More

Sainsbury’s top investor Qatar Investment Authority plans $400 million stake sale

Sainsbury shares fell after Qatar’s sovereign wealth fund, its biggest shareholder, revealed plans to offload $400 million worth of shares. ...

Struggling auto giant Stellantis says CEO Carlos Tavares will retire in 2026 when his contract ends

The U.S.-French-Italian company whose brands include Chrysler, Citroen, Fiat and Jeep is going through a rough patch, in particular with ...

Nobel Peace Prize awarded to Japan atomic bomb survivors’ group

Nihon Hidankyo movement recognised for its efforts against nuclear weapons

Rafael Nadal ends tennis career as second highest earner in ATP

Nadal will leave the sport as its second-highest earner of career prize money with more than $130 million. Read More

Italian carmaker Stellantis overhauls C-Suite as CEO set to retire in 2026

CEO Carlos Tavares faced pressure as the carmaker fights low sales in the U.S. and a bloated inventory. Read More

Richard Branson avoids gossip at all costs. Here’s why that might backfire on him.

“Everything comes back to people,” the billionaire business magnate said regarding his success. Read More

Obama slams ‘crazy’ Trump in his first campaign rally for Harris

Obama trained his fire on Trump during a pumped-up rally in Pittsburgh, comparing the Republican’s long speeches to late Cuban ...

Lars Windhorst companies to be auctioned after showjumping business dispute

Nearly two dozen groups owned by German financier scheduled to be sold next week

BP warns of hit to earnings from weak refining margins and lower output

UK oil major expects higher exploration write-offs

Recent banking turmoil exposed flaws in liquidity rules, say regulators

Basel committee draws lessons from collapse of Silicon Valley Bank and rescue of Credit Suisse

Boeing 737 Max crash victims’ relatives to push judge to toss ‘superficial’ settlement deal with plane maker

The family members want the government to put Boeing on trial, where the company could face tougher punishment. Read More

Disney World, Universal Orlando and SeaWorld reopen after 2-day Hurricane Milton shutdown

Orlando International Airport, Florida’s busiest, planned to resume domestic arrivals on Thursday and departures Friday after mostly shutting down Wednesday. ...

Hurricanes Helene and Milton reshape final weeks of Harris-Trump campaign battle

The back-to-back hurricanes have jumbled the schedules of Democrat Kamala Harris and Republican Donald Trump. Read More

3 best superfoods to eat when you’re sick with a cold, COVID, or flu

What you eat can help to alleviate some of the more common complaints associated with colds and seasonal flu. Read ...