Alphabet, Google's parent company, saw its shares fall over 5% on Thursday, marking the largest drop in 10 months. The decline followed the Justice Department's request for Google to divest its Chrome browser to curb its dominance in the search engine market.
Read MoreThe Biden administration has informed Congress of plans to cancel $4.65 billion of Ukraine's debt, according to a letter obtained by Bloomberg News. This move forgives half of a $9 billion loan provided as part of a $60 billion aid package approved in April.
Read MorePresident-elect Donald Trump has chosen Howard Lutnick, chairman and CEO of Cantor Fitzgerald, as his commerce secretary. Lutnick, a key member of Trump’s transition team, was praised by Trump as “a dynamic force of Wall Street” in his announcement on Truth Social.
Read MoreSpirit Airlines has filed for Chapter 11 bankruptcy, citing declining sales and the collapse of a planned merger with JetBlue.
Read MoreBig tech stocks experienced a massive selloff, with nearly $500 billion wiped from market capitalization as a post-election rally lost momentum amid fears of hawkish monetary policies.
Read MoreChinese President Xi Jinping expressed readiness to work with Donald Trump to strengthen US-China relations. During a meeting with Joe Biden, Xi highlighted the importance of long-term peaceful coexistence between the two nations.
Read MoreThe Onion's parent company has purchased Alex Jones' Infowars, which was auctioned to help pay the $1.5 billion Jones owes to Sandy Hook families for his false claims about the tragedy.
Read MoreAn E. Coli outbreak linked to McDonald’s Quarter Pounder burgers has sickened at least 104 people across the U.S., according to the CDC's latest report.
Read MoreA Dutch appeals court has overturned a 2021 ruling that required Shell to reduce its carbon emissions by 45% by 2030. This decision marks a setback for climate activists aiming to hold companies legally accountable for emissions reductions.
Read MoreMinority- and women-owned businesses face a significant threat as affirmative action in federal contracting comes under legal scrutiny, potentially impacting contracts valued at $70 billion annually.
Read MoreBenoit Bosc and Michael Bressler, former executives at Millennium Management LLC and Pimco, have launched a digital-asset consultancy called x2B. Their consultancy will focus on advising clients on token launches and funding.
Read MoreSaudi Arabia is making substantial moves to diversify its economy and reduce emissions by investing in green hydrogen as part of its Vision 2030 initiative. The Public Investment Fund has committed $10 billion to the Energy Solutions Company, a green hydrogen venture also backed by Saudi Aramco, aiming to capitalize on the country’s renewable energy resources.
Read More