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Category: Economy

Lego sales soar to record £4BN

In a bid to boost sales, Lego unveiled more new sets than ever before and has been investing heavily in new sites globally.

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Mercedes-Benz shatters EV distance world record

The monumental feat was achieved using the recently-unveiled AMG GT XX concept - a super-saloon prototype previewing what Mercedes...

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Thousands of Taylor Swift tickets illegally resold...

A Maryland ticket broker is accused of illegally purchasing and reselling hundreds of thousands of tickets for profit, including t...

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Powerball jackpot grows to $643 million after no w...

Powerball jackpot swells to $643 million, with the next drawing this week set for Wednesday night.

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S&P reaffirms the U.S. credit rating, citing highe...

S&P said it is maintaining the AA+ rating on the U.S. as it expects tariff revenue will shore up the nation's finances.

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Walmart recalls Great Value shrimp after FDA warns...

Some packages of Great Value frozen shrimp sold at Walmart are at risk for potential for Cesium-137 contamination, the FDA says.

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Trump admin could block student loan relief for so...

Proposed Department of Education rule could deny loan forgiveness to borrowers whose employers are found to be illegally "undermin...

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Taylor Swift's love of orange sparks branding fren...

Taylor Swift's upcoming album release and her love of all things orange isn't lost on her fans — or businesses clamoring for a pie...

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Fewer young people are reaching economic milestone...

As less young people meet major economic milestones such as moving out and getting married, the concept of adulthood is changing.

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AT&T customers eligible for up to $7,500 in a $177...

AT&T customers whose data was compromised in either of two data breaches, or both, are eligible to file a claim that could provide...

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Phoenix startup has creative housing solution

Architect Brian Stark wants to tackle the country's affordable housing crisis — one shipping container at a time.

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Canadian government forces Air Canada, flight atte...

Air Canada had suspended all operations after more than 10,000 of the airline's flight attendants went on strike after a deadline ...

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MIAX goes public on NYSE with Miami trading floor ...

Investors bought MIAX's IPO, helping the exchange raise over $345 million as it looks to strengthen its position in options, equit...

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Business travel surges as companies prioritize fac...

Companies are bringing employees back into their offices and sending them on the road. The newly-launched Navan Business Travel In...

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Buffett sparks UnitedHealth's biggest weekly stock...

Berkshire Hathaway's $1.6 billion stake in UnitedHealth Group is helping to lift the Dow Jones Industrial Average to a new record ...

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Profits plunge at C Hoare & Co, Britain's oldest b...

The bank posted a £63.7 million pre-tax profit for the year to March 2025, down from £80.8 million the year before, according to i...

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HAMISH MCRAE: Why now could be the time to sell yo...

To be clear, I am not predicting a crash, but these are indeed tricky times and it would be nuts not to acknowledge that.

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Chancellor Rachel Reeves is forced to correct stri...

Reeves made the string of errors at a recent grilling by peers over her handling of the public finances.

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FINSBURY GROWTH & INCOME TRUST PLC: AI is the key ...

Although the UK stock market staged a post-lockdown bounce, since then Finsbury Growth & Income has been out of favour.

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Deepfake of fund manager Anthony Bolton could sava...

Sophisticated new technology allows scammers to generate fake video and audio of a real person speaking to make them appear to say...

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Consumers are skipping their usual fast-food break...

Americans are reining in their spending at fast-food restaurants as they continue to face economic uncertainty.

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PPI report shows biggest surge in three years. Her...

Here's what new data from the producer price index says about where inflation is headed, according to economists.

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As Social Security turns 90, its problems are only...

As Social Security celebrates its 90th anniversary today, concerns are growing over its funding and recent staffing cuts.

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Costco says it won't sell mifepristone abortion pi...

Costco said it won't stock mifepristone after coming under pressure from conservative investors, activists.

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CBS News poll finds tipping expectations have grow...

A majority of Americans say they feel expectations for tipping have grown in recent years.

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White House says Apple to announce $100B US invest...

The White House said Apple will announce an additional $100 billion investment in American facilities, to support jobs and domesti...

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Trump’s tariff threat puts semiconductors on displ...

Chip stocks, including Nvidia and AMD, were among the most actively traded actively as Nasdaq flirts with 17th record close of 202...

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Gold prices fall from record highs after Trump cla...

U.S. gold futures dipped from record highs after the Trump administration clarified that it won't impose tariffs on commonly trade...

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GM restarts driverless car program more than a yea...

GM revives driverless car program with focus on personal vehicles instead of robotaxis after pausing Cruise operations due to 2023...

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Spirit Airlines warns it may not survive another y...

Low-cost carrier Spirit Airlines expresses substantial doubt about continuing operations within 12 months after debt restructuring...

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STOCKS VS. WHOLESALING (The truth according to doa...

STOCKS VS. WHOLESALING (The truth according to doacWeb's founder, Didi-Omah Augustine Chinazaekpere)

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Ad firm sheds 7,000 jobs as AI revolution rips thr...

FTSE 100 advertising firm WPP has slashed 7,000 jobs in the last year as the artificial intelligence revolution forces the sector ...

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Major pizza restaurant chain to BAN phones as hung...

The chain, which has 360 restaurants across the UK, is encouraging diners to put their phones away between 2pm and 5pm when visiti...

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State pension gender gap narrows - but difference ...

One of the goals of the new state pension, introduced in 2016, was to reach parity between men and women.

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What the Bank of England's interest rate cut to 4%...

We explain what the Bank of England's decision to cut rates means for your money - and whether rates will be cut again soon.

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Your Naira Card Is Global... Again

Your Naira Card Is Global... Again

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Trump win boosts book sales from "The Handmaid's T...

Dystopian classic "The Handmaid's Tale" was popular throughout Trump's first term, along with George Orwell's "1984."

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Fed Chair Powell says he won't resign if Trump ask...

Fed Chair Jerome Powell responded with a one-word answer when asked if he'd step down if asked by President-elect Donald Trump.

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Cheese sold at Aldi, Market Basket and more recall...

Cheese processed at plant in Lena, Illinois, may be tainted by bacteria that can cause serious and fatal infections.

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Trump says he won't sell DJT stock and calls for p...

Donald Trump reiterated he doesn't intend to sell his stock in Trump Media, and called for an investigation into short sellers.

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Steve Madden says it will cut production in China ...

The footwear- and accessory-maker says it already has a plan in place to reduce its reliance on imports from China.

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Trump Media shares rally on Election Day

Truth Social parent company Trump Media & Technology Group shares jumped more than 14% on Tuesday in an Election Day rally as vote...

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Green energy stocks down following Trump election ...

Alternative energy stocks tumbled Wednesday after Donald Trump was declared the winner of the U.S. presidential election over Vice...

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Tesla stock surges after Trump wins presidency

Tesla shares surged on Wednesday after former President Trump secured a return to the White House, with Tesla CEO Elon Musk a prom...

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Crypto prices rise on Election Day as investors an...

Prices for cryptocurrency assets rose on Tuesday as investors anticipate the results of the U.S. election and what it could mean f...

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Netflix shares hit record high after it rakes in m...

In an upbeat set of results, the US streaming giant said it had 283m paying customers at the end of September.

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MARKET REPORT: Future shares plummet after shock e...

In an update that caught investors by surprise, the FTSE 250 firm said Jon Steinberg plans to step down next year to return to the...

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ALEX BRUMMER: Tax hit for private investment in Bu...

The flaw in Rachel Reeves' message is that piling tax increases on a recovering economy would crowd-out rather than crowd-in priva...

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Boohoo paves way for break-up after boss steps dow...

Chief executive John Lyttle revealed he will step down after five years running Boohoo, whose brands also include Oasis, Coast, Wa...

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BP scales back green agenda with wind sale

The London-listed oil major is on the hunt for partners for the business in the latest sign that boss Murray Auchincloss is wateri...

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FEELING OVERWHELMED BY BILLS AND EXPENSES? TAKE OU...

Need financial help? Take a flexible loan from Doac Banking Group and pay in small, easy installments. Contact us at 09031633831 f...

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White House urges dockworkers and East Coast ports...

A government task force is ready to help minimize supply-chain disruptions in case of a prolonged East Coast port strike, Biden ad...

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How Intel became a takeover target

Intel has gone from the world's most valuable chipmaker to the target of a takeover bid, after a series of missteps in recent year...

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FTC Chair Lina Khan defends merger and acquisition...

Federal Trade Commission Chair Lina Khan defended the FTC's crackdown on mergers and acquisitions, arguing that her agency has to ...

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Boeing makes 'final' offer of 30% wage increase to...

Boeing is offering its striking union workers a 30% pay increase over a four-year period in what the company said was its "best an...

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DOJ sues Visa over debit card market monopoly

The Justice Department filed a lawsuit against Visa on Tuesday, alleging the financial services giant used its clout to maintain a...

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Seeing Machines remains overlooked by market despi...

In a trading update, Seeing Machines said revenues for the financial year to June 30 are expected to be in the $67.6 million ballp...

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AstraZeneca breast cancer drug trial fails to exte...

It said the drug did not 'achieve statistical significance' in terms of the survival rates of those suffering from breast cancer c...

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How buy-to-let landlords selling up can recoup cap...

The fear among buy-to-let owners is that the Chancellor, Rachel Reeves, will look towards CGT as part of her bid to fill a £22bill...

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BUSINESS LIVE: REA ups Rightmove offer; Galliford ...

Among the companies with reports and trading updates today are Rightmove, Galliford Try, Oxford Biomedica, AstraZeneca, Schroders,...

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Galliford Try appointed to work on Southern Water'...

The construction firm said it would work on the 'design and build' aspects, and as a mechanical and electrical contractor, for Wes...

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New Starbucks CEO vows to make cafes "inviting pla...

Former Chipotle CEO Brian Niccol says he'll work to reestablish the brand as the nation's "community coffeehouse."

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Here are 3 key economic issues to watch for during...

About 8 in 10 adults tell CBS News the economy is a major factor in their vote, outpacing abortion and climate change.

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How DirecTV customers can watch the Harris-Trump d...

DirecTV subscribers remain unable to access ABC News, ESPN and other Disney-owned content amid contract dispute.

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Two-thirds of American millionaires don't consider...

While two-thirds of millionaires don't consider themselves wealthy, a majority believe they are prepared for retirement.

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Disney leak included personal information for some...

Details about what was contained in a major Disney data leak from earlier this summer have been revealed by The Wall Street Journa...

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Modelo and Corona parent company says weak wine de...

Constellation Brands has been seeing soft demand in its wine and spirits segment, and the alcohol producer recently said it will w...

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Boeing faces strike of about 32,000 workers

Boeing is facing yet another challenge as 32,000 members of the IAM union are threatening to strike this month if a deal isn't rea...

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BlockDAG latest crypto firm to score deal with maj...

After several years of keeping a low profile, largely in part to the FTX scandal and conviction of Sam Bankman-Fried, crypto firms...

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7-Eleven parent rejects acquisition proposal from ...

Seven & i on Friday declined the preliminary proposal that Alimentation Couche-Tard made last month to acquire the Japanese corpor...

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Petrol prices FALL to a three-year low - could it ...

The average price of unleaded fell to a three-year low of 139.5p a litre, AA data shows.

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Vistry preps £130m buyback as housebuilder's profi...

The FTSE 250 housebuilder, formerly called Bovis Homes Group, intends to begin the repurchase this month and complete it by its an...

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Jet2 lifted by package holiday demand amid 'softer...

Jet2 said its package holiday pricing had remained 'resilient' and 'continued to show a modest increase on last year'.

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Bank of Dave on what you MUST do to keep your phon...

Dave hit the streets with Sergeant Stu Ford, part of the team that this year apprehended Sonny Stringer - one of the most notoriou...

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Visa launches new account-to-account payments serv...

A new account-to-account payments service will be available from Visa from early 2025. We look at how it works.

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Here are the hotels across the U.S. impacted by a ...

Hotel workers have been locked in contract negotiations with chains including Hilton, Hyatt and Marriott.

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Volkswagen could close plant in Germany for the fi...

Scrambling to cut costs, Germany's Volkswagen warns it could shutter factories in the automaker's home country amid rising competi...

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HP pursues suit against tech mogul who died when h...

Hewlett Packard declines to drop U.K. claim for damages against the estate of British tech mogul Mike Lynch.

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Harris opposes sale of U.S. Steel to a Japanese fi...

Vice President Kamala Harris made the announcement in Pittsburgh alongside President Biden.

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Global markets braced for crucial US jobs data

It comes after a worse-than-expected reading for the previous month sparked a global share sell-off.

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JEFF PRESTRIDGE: Taking away winter fuel is the mo...

The axeing of the winter fuel payment for nearly 10 million elderly people is one of the most despicable acts I have witnessed fro...

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Bunzl's record high share price proves why boring ...

Bunzl shares hit an all-time high after the distributor raised its dividend and said it was likely to make more profit than it pre...

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Tourist tax has cost UK firms £4bn this summer

Bosses of firms including Kurt Geiger and Burberry have said reinstating VAT-free shopping by overseas visitors could turbo-charge...

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These are the worst U.S. states for workers, accor...

States with subpar minimum wages and flimsy job protections score poorly in Oxfam ranking.

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How your paycheck would be impacted by the Trump a...

Each presidential candidate is proposing significant changes to the tax code. Here's who would win and lose.

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California advances bill banning food additives in...

Food dyes in popular snacks have been linked to adverse health outcomes in kids, says state legislature.

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Labor Day gas prices on track to reach lowest leve...

Gas prices are projected to average $3.27 a gallon on Monday, which would make driving on the holiday the cheapest since 2021.

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Tainted feed may be to blame after 70 horses die a...

Rhett Beutler, co-owner of Beutler and Son Rodeo Co., said horses were "just falling over, dying" after eating the feed.

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Custodia Bank laying off employees as Biden admin'...

Custodia is a small, state-chartered bank but plays a crucial role for businesses that have otherwise been unable to gain access t...

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Dollar General CEO says 'financially constrained' ...

Dollar General's stock slid by more than 27% on Thursday after the company's second-quarter earnings missed analysts' expectations...

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Number of crypto millionaires surges in 2024

A new report from Henley & Partners found the number of people who own at least $1 million in cryptocurrency has surged 95% worldw...

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Dow record, Buffett’s $1 trillion win and Boar's H...

Investors pushed the Dow Jones Industrial Average to a record high this week, and September will kick off a new month ahead of the...

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Lawyers who sued to void Musk's Tesla pay package ...

A recent ruling by the Delaware Supreme Court could make it harder for the legal team who sued to void Elon Musk's Tesla pay packa...

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How can we cut our controlling, greedy son-in-law ...

Our daughter has a controlling husband who has eyes set on her inheritance. We want to ringfence her share, but allow our sons imm...

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The Goodwood Revival will run on sustainable fuel ...

The Duke of Richmond tells us why it's so important to preserve classic cars and the future of historic motorsport by introducing ...

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John Nichol, shot down during the first Gulf War, ...

John's worst memories are being held by the Iraqis, but says if he hadn't been a PoW and paraded on TV, he wouldn't have had the c...

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Buy-to-let landlords head for the exit: Estate age...

The sell-off gathered pace before the threat of another potential tax hike for property investors arrived, with rumours that Labou...

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He is turning 94 but it STILL feels right to follo...

When Buffett starts selling one of his most successful investments, the rest of us should sit up and take note.

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Will Kroger and Albertsons be allowed to merge? He...

Two of the biggest U.S. grocery chains want to merge. The feds are determined to block the deal, saying it would harm consumers.

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Here's how to check for forever chemicals in your ...

Want to know if your personal care products contain harmful forever chemicals? Here are some steps you can take.

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