The Dow topped 45,000 for the first time but Wall Street’s main indexes closed lower on Wednesday, with the Nasdaq leading declines as technologystocksslumped ahead of the Thanksgiving holiday. Worries the Federal Reserve may be cautious about rate cuts after stubbornly strong US inflation data weighed on investors. The Dow Jones Industrial Averagefell 138.25 points,
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A top Swiss court on Wednesday acquitted Credit Suisse, now part of UBS, of failing to prevent money laundering by a Bulgarian cocaine trafficking gang, overturning a 2022 conviction. The Federal Criminal Court’s original ruling was seen as a test case for the prosecution of banks. It had found an ex-employee of the bank guilty of money-laundering, and Credit Suisse of
Shares in drone maker Unusual Machines surged more than 100% on Wednesday after the company announced Donald Trump Jr. had joined its advisory board. Shares drifted down throughout the day, but were still up 76% by Wednesday afternoon. The stock had closed at $5.36 a share on Tuesday and traded at more than $9 on
Billionaire Elon Musk, tasked with slashing government costs by President-elect Donald Trump, on Wednesday called for the elimination of a federal regulatory agency charged with protecting consumers in the financial sector. The comment on the Consumer Financial Protection Bureau (CFPB) followsMusk’srecent appointmentto a government efficiency role, further amplifying the influence of the world’s richest man, who
Meta CEO Mark Zuckerberg dined with Donald Trump at Mar-a-Lago after reportedly requesting the meeting with the president-elect to discuss the incoming administration Wednesday. Its an important time for the future of American Innovation. Mark was grateful for the invitation to join President Trump for dinner and the opportunity to meet with members of his
A French energy giant is halting a plan to build an offshore wind farm near the New York-New Jersey coastline following President-elect Donald Trump’s victory earlier this month. TotalEnergies SE, the Paris-based oil and gas conglomerate, said it would halt the project in what industry observers say is a sign of things to come under
American Academy of Neurology Nov 27 2024 People who have chronic traumatic encephalopathy (CTE) who have a family history of mental illness may have a higher risk of aggression in middle age, according to a study published in the November 27, 2024, online issue of Neurology®, the medical journal of the American Academy of Neurology.
BMJ Group Nov 28 2024 Certain hormone replacement therapy (HRT) tablets containing both estrogen and progestogen are associated with a higher risk of heart disease and rare but serious blood clots known as venous thromboembolism (VTE) in women around the age of menopause, finds a study from Sweden published by The BMJ today. Another HRT tablet called
Billionaire Elon Musk, tasked with slashing government costs by President-elect Donald Trump, on Wednesday called for the elimination of a federal regulatory agency charged with protecting consumers in the financial sector. The comment on the Consumer Financial Protection Bureau (CFPB) followsMusk’srecent appointmentto a government efficiency role, further amplifying the influence of the world’s richest man, who
Meta CEO Mark Zuckerberg dined with Donald Trump at Mar-a-Lago after reportedly requesting the meeting with the president-elect to discuss the incoming administration Wednesday. Its an important time for the future of American Innovation. Mark was grateful for the invitation to join President Trump for dinner and the opportunity to meet with members of his
Meta CEO Mark Zuckerberg dined with Donald Trump at Mar-a-Lago after reportedly requesting the meeting with the president-elect to discuss the incoming administration Wednesday. Its an important time for the future of American Innovation. Mark was grateful for the invitation to join President Trump for dinner and the opportunity to meet with members of his
Meta CEO Mark Zuckerberg dined with Donald Trump at Mar-a-Lago after reportedly requesting the meeting with the president-elect to discuss the incoming administration Wednesday. Its an important time for the future of American Innovation. Mark was grateful for the invitation to join President Trump for dinner and the opportunity to meet with members of his
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a political journalist and disability advocate I read the draft of the assisted dying bill as soon as it was published, just after 10pm on a Monday, fear and anger surging through
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If the fast-fashion group Shein manages to become one of the largest UK-listed public companies next year, no one can claim to be unprepared. Founded in China, headquartered in Singapore, spurned by US politicians and
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia has used cluster munitions and other highly destructive bombs to target Ukraine’s energy infrastructure, prompting emergency shutdowns across the country on Thursday. “Again, the energy industry is under massive enemy attack,” said energy
Stay informed with free updates Simply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox. France’s borrowing costs have risen above those of Greece for the first time ever, as anxiety grows that Michel Barnier’s government could fail to pass a belt-tightening budget. The 10-year yield on French government debt
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Net immigration to the UK exceeded 900,000 for the year to June 2023, the highest annual total on record and much more than previously thought, according to official figures issued on Thursday. The revised Office
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The Bank of Korea on Thursday cut interest rates unexpectedly in a rare back-to-back move reflecting concern over the impact of Donald Trump’s second presidency on Asia’s fourth-largest economy. The BoK lowered the
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
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