Finance
Image
Macy's delays Q3 earnings release amid probe into employee allegedly hiding $154M in expenses
The company said the employee no longer works for Macy's, and that the person's actions did not affect its cash management and vendor payments. It is unclear if they are pursuing criminal charges.
Image
Warren Buffett gives $1.1B away as part of annual Thanksgiving tradition
Buffett has sworn to give away the majority of his $147 billion fortune before he dies, but has also outlined plans for his family to give away the wealth if he dies before he is able to donate it all.
Image
Trump expected to launch Bitcoin reserve, as the cryptocurrency nears $100,000,
When Trump was on the campaign trail, he promised he would develop a council that would be friendly to Bitcoin.
Image
Spirit Airlines files for Chapter 11 bankruptcy protection
The airline said its operations would continue uninterrupted as the bankruptcy process plays out
Image
Oprah Winfrey received $1 million from VP Harris during campaign: report
The Washington Examiner reports that Harris paid $1 million to Harpo Productions on Oct. 15.
Image
Fed cuts its key interest rate by quarter-point
The rate cut follows a half-point reduction in September.
Image
Stock markets close at record highs after Trump reelection
The Dow soared by 1,507 points, or 3.57% on Wednesday, marking the first time it has exceeded 1,000 points in a single day since November 2022. The Nasdaq gained nearly 3% on Wednesday, and the S&P 500 grew by 2.5%.
Image
Justice Department sues Visa for allegedly monopolizing debit market
The antitrust case also comes after Capital One announced a new deal to acquire Discover Financial, which would help the company be a bigger competitor to Visa, Mastercard, and American Express.
Image
Elon Musk makes major political donation to House Republicans
The tech mogul donated a total of $289,100 to the NRCC in August, according to the FEC filing. But despite the six-figure donation, the NRCC only raised $9.7 million in August while Democrats raised $22.2 million.
Image
Stock markets close at record highs following Federal Reserve cuts
The Dow Jones Industrial Average closed at 522 points on Thursday, which is a new record, and the S&P 500 also set a record by rising 1.7%. The Nasdaq Composite added 2.5%.
Image
Fed Chair Powell: Migrant border crisis causing rising unemployment
The slowing hiring rate is also a factor behind the growing unemployment, Powell said.
Image
Officials investigate death of Wells Fargo worker found in cubicle 4 days after last coming to work
A preliminary investigation did not reveal signs of foul play, according to police.
Image
Foot Locker relocating headquarters from New York to Florida to reduce costs
Foot Locker said it is looking to build its "meaningful presence in St. Petersburg and to enable increased collaboration among teams across banners and functions, while also reducing costs."