Prominent figures in the US business sphere, including Apple's Tim Cook, BlackRock's Larry Fink, Blackstone's Steve Schwarzman, and Visa's Ryan McInerney, are scheduled to attend a dinner with Chinese President Xi Jinping in San Francisco. The guest list also includes Pfizer'

Amazon, $AMZN, to sell cars online, starting with Hyundai, per TechCrunch. Amazon is set to expand its presence in the automotive market by allowing auto dealers to sell cars through its platform starting next year. The initiative will kick off with South Korean automaker Hyundai. While Amazon has previously entered

Applications for unemployment benefits rose by 13,000 to 231,000 for the week ending Nov. 11. More Americans applied for unemployment benefits last week, and although the overall labor market is still robust, there are emerging indications that it might be entering a cooling phase. For the week ending

BlackRock files for spot ethereum ETF. BlackRock, the prominent asset management giant, has formally submitted an application for an Ethereum exchange-traded fund (ETF), showcasing its continued commitment to cryptocurrency investments in line with growing investor confidence in the approval of such financial instruments. The iShares Ethereum Trust, recently registered and

Ripple CEO has said that SEC has lost sight of mission to protect investors, per CNBC. Ripple's CEO, Brad Garlinghouse, sees the recent legal victories against the U.S. Securities and Exchange Commission (SEC) as a potential indicator of changing dynamics in the crypto landscape within the United

A third of home buyers are paying all cash as mortgage rates stay high, per Redfin. contributing to increased inequality in the housing market, with a growing number of homebuyers opting for all-cash transactions. According to the analysis, approximately 34.1% of homebuyers in the U.S. paid in all

Representative George Santos spent campaign funds on Botox treatments, designer goods, OnlyFans, and Atlantic City trips. per the House Ethics Committee. The House Ethics Committee asserted the discovery of "substantial evidence" pointing to misconduct by the freshman congressman, implicating him in the alleged misuse of campaign funds for

WeWork founder, Adam Neumann, remains a billionaire even with firm’s bankruptcy. He is still worth $1.7 billion, per Bloomberg. After filing for Chapter 11 bankruptcy protection, WeWork has unveiled a list of 40 "underperforming locations" in New York City that it intends to exit, subject to

The US Defense Department has failed its financial audit for the sixth consecutive year, per Bloomberg. For the sixth consecutive year, the Pentagon has failed an independent audit of its accounting systems, according to Mike McCord, the Defense Department's chief financial officer. Secretary of Defense Lloyd Austin acknowledges

"After today, would you still refer to President Xi as a dictator?" asks a reporter. "Look, he is. He's a dictator in the sense that he's a guy who runs a country that is a communist country that's based on a

Soros Fund Management, the asset manager for billionaire George Soros' Open Society Foundations, has sold its 10,000 shares in Nvidia, $NVDA, and added 80,000 shares in Taiwan Semiconductor Manufactoring Company, $TSMC. In the third quarter, Michael Burry, the hedge fund manager famous for his bets against the

Mortgage demand climbs to the highest level in five weeks after interest rates move lower, per CNBC. Current homeowners and potential homebuyers are slowly responding to the decline in mortgage rates. According to the Mortgage Bankers Association’s seasonally adjusted index, mortgage demand increased by 2.8% last week compared

US senior official: Xi said no such plans of China military action against Taiwan in coming years U.S. President Joe Biden and Chinese leader Xi Jinping reached significant agreements on Wednesday during their first in-person talks in a year. The leaders, meeting on the outskirts of San Francisco for

Credit card delinquencies are rising particularly quickly for those with auto and student loans, per the Fed. Credit card debt has reached $1.08 trillion in US, an all time high. The burden of credit card debt is on the rise. As of Tuesday, Americans collectively owe $1.08 trillion

Take-Two Interactive, $TTWO, CEO, Strauss Zelnick, believes that games should be priced on a per-hour basis, per Exputer. In essence, the value of a game is often tied to its duration, mirroring sentiments expressed by gamers over the years who contend that shorter games, typically enjoyed over a weekend, should

The 2020 election rigging claim has become a focal point as Meta quietly adjusted its policy in 2022, post-US midterm primaries, allowing political advertisers to assert that past elections were "rigged" or "stolen." While Meta still bars questioning the legitimacy of ongoing or future elections, this

Elon Musk's Starlink secures $90 million contract to offer free internet in Mexico, per Reuters. Starlink, a venture led by Elon Musk, has secured a $90 million contract to provide free internet services in Mexico. Mexico has entered into agreements with nine companies, including Starlink, to offer free

Americans who make $100,000 to $149,999 a year are are most likely to describe their jobs as 'annoying,' per BI. Approximately 5% of respondents earning between $100,000 and $149,999 annually claim their jobs are "annoying," a significantly higher percentage than in other

Texas home sellers have sued the Texas Association of Realtors, and several regional associations including in Austin and Houston, over inflated broker commissions, per Reuters. A lawsuit resembling the Sitzer/Burnett case has been filed against several Texas Realtor groups, echoing accusations of conspiring to inflate costs for home sellers.

78% of Americans say the economy is on the wrong track, per Fannie Mae. 1 in 2 Americans say their overall financial situation is worse now than it was before Biden was elected, per Bankrate. Since the November 2020 presidential election, Americans have encountered numerous challenges in recovering from the

Berkshire Hathaway has noted that it had omitted at least one holding from its recent report, writing that it had requested confidential treatment from the Securities and Exchange Commission. Warren Buffett's Berkshire Hathaway significantly reduced its stakes in several prominent U.S. companies in the third quarter, as

This was Janet Yellen ordering In-n-out before heading to the airport to greet Xi Jinping, per Bloomberg: U.S. Treasury Secretary Janet Yellen has been frequently seen dining in the Bay Area during the Asia-Pacific Economic Cooperation (APEC) forum. Bloomberg News Treasury reporter Viktoria Dendrinou shared a photo on Twitter

On Monday, the Workers United union announced that thousands of Starbucks employees at hundreds of stores plan to participate in a walkout on the upcoming Red Cup day promotional event this week. The union cited concerns related to staffing and scheduling as the reasons behind the walkout. Red Cup day,

The House has passed the stopgap funding bill. The vote, with a count of 336-95, saw support from 209 Democrats and 127 Republicans. Ninety-three Republicans opposed it, surpassing the number from the previous government funding bill in September. Only two Democrats, Jake Auchincloss of Massachusetts and Mike Quigley of Illinois,

1 in 2 Americans say their overall financial situation is worse now than it was before Biden was elected, per Bankrate. Since the November 2020 presidential election, Americans have encountered numerous challenges in recovering from the economic impacts of COVID-19. These include surging inflation, increasing interest rates, and wages that