Stock market today: Sell-off continues as the government heads toward shutdown
Donald Trump and Elon Musk US stocks declined on Friday as investors weighed concerns about the Federal Reserve’s interest rate path and a potential government shutdown. While the broader stock market decline began on Wednesday following the Fed’s hawkish interest rate cut, it accelerated into Friday amid concerns of an imminent government shutdown. Congress has…
Novo Nordisk stock plunges 20% after a trial of its latest weight loss drug disappoints
At a Novo Nordisk manufacturing plant in north China’s Tianjin. Novo Nordisk’s stock suffered its biggest one-day slide on record after its latest obesity drug trial disappointed investors hoping for another blockbuster weight-loss drug. The Ozempic-maker’s stock plunged 21% to trade at $82.03 per share shortly after the opening bell on Friday morning, hitting its…
Bitcoin ETFs see record outflows as crypto market plunge accelerates after hawkish Fed meeting
Spot bitcoin ETFs saw $680 million in outflows on Thursday, the largest-ever single-day outflow in exchange-traded funds that track the crypto. Crypto investors pulled a record amount from bitcoin exchange-traded funds on Thursday as selling pressure intensified after markets recalibrated expectations for rate cuts in 2025. Spot bitcoin ETFs saw $680 million in outflows on…
Starbucks baristas are striking Friday in 3 major cities — including the coffee giant’s hometown
Former employees and supporters join unionized Starbucks employees as they carry signs in support of a strike in Virginia in 2023. Starbucks’ largest workers union announced that it would go on strike in Los Angeles, Chicago, and Seattle, where it is headquartered, just days ahead of Christmas. On Wednesday, the union told B-17 that it…
54,900 student-loan borrowers are getting $4.28 billion in debt wiped out a month before Trump takes office
President Joe Biden announced student-debt cancellation for borrowers in Public Service Loan Forgiveness. President Joe Biden announced more student-loan forgiveness with one month left until he leaves the White House. On Friday, Biden and his Education Department said they have approved $4.28 billion in student debt for 54,900 borrowers in the Public Service Loan Forgiveness…
The Senate is targeting life-insurance policies that allow the rich to pass down everything from stocks to yachts to their kids tax-free. Here’s how it works.
The rich can use private-placement life insurance to save tens of millions of dollars. Life insurance is probably the least sexy area of financial planning. But for the richest of the rich, policies can slash tens of millions of dollars off their tax bills. Private-placement life insurance is a little-known tax-avoidance tactic. When structured correctly,…
I stopped giving Christmas presents to my family and friends when I was in college. I enjoy the holidays even more now.
This as-told-to essay is based on a conversation with Michael Allen, a 54-year-old author from Titusville, Florida. It has been edited for length and clarity. In 1995, I realized I couldn’t give expensive gifts anymore. I was used to buying gifts to impress my loved ones, and I received nice gifts as well. At a…
Trump tells the European Union to make a ‘large scale’ purchase of US oil and gas or face tariffs
President-elect Donald Trump has called for the EU to balance its trade surplus with the US. US President-elect Donald Trump said he has told the European Union it must purchase a large quantity of US oil and gas, or he will impose tariffs on the trading bloc. “I told the European Union that they must…
My eating disorder ruined the holidays for me. Now in recovery, I’m able to enjoy them again.
Food is a core part of holiday traditions for most families — especially mine. “Some people eat to live, but we live to eat,” my grandfather would always say. Every year, I looked forward to the over-the-top spread at Thanksgiving, and the countless decadent desserts on display at Christmas. It was wonderful — until I…
