Employees of the State Archaeological Office have hung pictures of finds from a construction trailer during a main archaeological investigation on the Northvolt site. Picture Alliance | Picture Alliance | Getty Images Battery maker Northvolt on Monday announced plans to cut a total of 1,600 jobs in Sweden as part of a major cost-cutting drive. … Read more
The Federal Reserve slashed interest rates by a half percentage point, or 50 basis points, on Wednesday, its first rate cut since March 2020. Even before the Fed rate cut, some homeowners had already taken advantage of recent declines in mortgage rates to refinance. Refinance activity increased to 46.7% of total applications during the week … Read more
Seamus Coleman of Everton gives the team instructions during the Premier League match between Everton FC and Burnley FC at Goodison Park on April 06, 2024 in Liverpool, England. Matt Mcnulty | Getty Images Sport | Getty Images LONDON — The investment group run by U.S. billionaire Dan Friedkin on Monday agreed to buy Everton … Read more
Sopa Images | Lightrocket | Getty Images Shares of Trump Media on Monday sank to their lowest price in over a year, days after majority owner Donald Trump and other company insiders got the green light to start selling their stakes in the Truth Social maker. The stock, which trades as DJT on the Nasdaq, … Read more
An advertisement for Hugo Boss AG in Shanghai, China, on Wednesday, May 1, 2024. Bloomberg | Bloomberg | Getty Images LONDON — European luxury stocks tumbled Monday as analysts warned of a deteriorating demand outlook, particularly among high-spending Chinese consumers. Germany’s Hugo Boss was among the worst performers on the Stoxx 600 index by midday, … Read more
Minneapolis Federal Reserve President Neel Kashkari said Monday that he expects policymakers to dial down the pace of interest rate cuts after last week’s half percentage point reduction. “I think after 50 basis points, we’re still in a net tight position,” Kashkari said in a CNBC “Squawk Box” interview. “So I was comfortable taking a … Read more
A Southwest Airlines plane takes off from Hollywood Burbank Airport on July 25, 2024 in Burbank, California. Mario Tama | Getty Images Southwest Airlines has warned employees that it will have to make “difficult decisions” ahead to boost profits as the carrier faces pressure from activist Elliott Investment Management, which has sought leadership changes at … Read more
Ryan W. Routh, suspected of attempting to assassinate Republican presidential nominee and former U.S. President Donald Trump at his West Palm Beach golf course, stands handcuffed after his arrest during a traffic stop near Palm City, Florida, U.S., September 15, 2024. Martin County Sheriff’s Office | Via Reuters Federal prosecutors on Monday said in a … Read more
Britain’s Chancellor of the Exchequer Rachel Reeves speaks on the second day of the annual Labour Party conference in Liverpool, north-west England, on September 23, 2024. Paul Ellis | Afp | Getty Images Liverpool, ENGLAND — U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, but said she would … Read more
Mary Barra, GM chair and CEO, speaks during the unveiling of the Cadillac Celestiq electric sedan in Los Angeles, Oct. 17, 2022. Frederic J. Brown | AFP | Getty Images WARREN, Mich. – If everything had gone to plan for General Motors over the last three years, the Detroit automaker would be well on its … Read more
