Today: November 12, 2026
Today: November 12, 2026

Economy

Business|Economy|Finance|Stock Markets

Mike Ashley's Frasers tightens grip at Hugo Boss with new CEO pick

Frasers Group executive David Epstein will succeed Daniel Grieder as CEO of Hugo Boss from January 1, 2027, the German fashion group said on Thursday, cementing the

Business|Economy|Finance

Fed sets new meeting schedule for 2027, as foretold by Warsh

The US Federal Reserve on Thursday unveiled an updated schedule for monetary policy meetings for 2027 following Chairman Kevin Warsh's announcement last month that policymakers

Business|Economy|Political

US starts 2027 fiscal year with record October budget deficit of $404 billion

The US government started the 2027 fiscal year with a $404 billion budget deficit for October, a record for the month and $120 billion, or 42%, higher than the year-

Economy|Political|World

US returns over $12 billion in oil proceeds to Venezuela since Maduro's ouster, report says

The Trump administration says it has returned more than $12 billion, or almost 99%, of the revenue obtained from the sales of Venezuelan oil since it ousted then-President Nicolás Maduro in January

Business|Economy|Finance|Science|Technology

What we know after Jensen Huang resigns as Nvidia's CEO

Nvidia CEO Jensen Huang has resigned from his top post at the chipmaker he co-founded, after reports of the tech titan’s extramarital affairs came into the spotlight this week

Business|Economy|Finance|Stock Markets|US

Corteva shares plunge as CEO warns Brazil slump will drag on

Corteva shares sank to a more than one-year low on Thursday and were on track for their steepest single-day percentage drop ever, as the US

Economy|Election|Political|US

Trump says US does not need Iran deal, directs Vance to focus on domestic corruption

President Donald Trump said on Thursday the US does not need a deal with Iran and directed Vice President JD Vance, who has played a role in efforts to

Business|Economy|Finance|Science|Technology

Wall Street claws back early losses after absorbing big swings for Nvidia's stock and oil prices

The U.S. stock market has erased most of its early losses after absorbing big swings for Nvidia’s stock and oil prices

Economy|Finance

Brazil's Lula plays it safe with first post-election fiscal plan

Brazilian President Luiz Inacio Lula da Silva's first package of public spending curbs since his reelection last month risks proving too little for financial markets and

Business|Economy|Finance

Union Pacific turns fuel surcharges into profits as rivals lag

US railroad operator Union Pacific's fuel surcharges boosted profits

Business|Economy|Finance|World

Bank of Mexico rate cuts sends wrong message, says deputy governor Heath

The Bank of Mexico's recent interest rate cut sows confusion and sends the wrong message as the inflation outlook remains skewed to the upside

Economy|Finance|Science|Stock Markets|Technology|US

IMF monitoring AI developments, too early to say if AI reassessment underway

The International Monetary Fund is closely monitoring volatility in AI equity valuations and the US political shift that could slow data center development, but says it

Arts|Economy

Family Dollar reaches $63 million settlement with US FTC, states over customer overcharges

Family Dollar reached a $63 million settlement with the US Federal Trade Commission and 17 states of allegations that the discount retailer routinely charged

Economy

White House set to extend Jones Act shipping waiver, sources say

President Donald Trump's administration is set to extend a waiver to a US law in

Economy|Environment|Science|World

Leaders of countries already hit hard by climate change tell UN summit that urgent action is needed

Small island leaders are calling for urgent climate action at the United Nations talks in Turkey

Business|Economy|Finance

The average US 30-year mortgage rate falls to 7.11% this week, its fourth straight decline

The average long-term U.S. mortgage rate fell for the fourth straight week, offering more relief for prospective home shoppers at a time when many have put off buying a home due to elevated home loan borrowing costs and prices

Arts|Business|Economy|Finance

US home sales slumped in October to slowest pace in more than 16 years as mortgage rates surged

Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 16 years as mortgage rates climbed sharply, ratcheting up borrowing costs for aspiring homebuyers

Economy

US existing home sales slump to more than 16-year low in October

US existing home sales fell to the lowest level in more than 16 years in October as rising mortgage rates and still-elevated house prices pushed potential buyers to the

Economy

Italy's tax hikes on financial sector raise uncertainty, hit 2026 earnings, central bank warns

Frequent or unexpected changes in the taxation of Italy's financial system increase uncertainty and affect the investment decisions of market participants, the Bank of Italy

Arts|Business|Economy|Finance|US

US regional bank Hancock Whitney strikes around $3.2 billion deal for Trustmark

US regional lender Hancock Whitney will buy smaller peer Trustmark in a roughly $3.2 billion all-stock deal, the Mississippi-based banks announced on Thursday.

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Oil gains over $1 on Strait of Hormuz shipping disruptions, Russia tensions

Oil prices rose on Thursday by more than $1 a barrel, as continued disruptions to shipping through the Strait of Hormuz and broader geopolitical

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US labor market resilient; existing home sales hit more than 16-year low in October

The number of Americans filing new claims for unemployment benefits increased more than expected last week, but remained at a level consistent with a

Business|Economy|Finance|Science|Stock Markets|Technology

Wall St recovers as energy shares climb; Nvidia woes deepen

Wall Street's main indexes staged a turnaround on Thursday after higher oil prices lifted energy shares even as Nvidia CEO Jensen Huang's exit

Business|Economy|Science|Technology

Fed's Barr: US should prepare for 'serious' AI job disruption, widening inequality

The US should be prepared for "serious short-term disruptions" to the job market because of artificial intelligence which, depending on how fast it