UK’s Reeves abandons plans to raise income tax rates, roiling markets
Reeves needs to find billions of pounds at November 26 budgetRecent comments suggested a looming income tax hikeReeves…
Verizon to cut about 15,000 jobs as it restructures, source says
Verizon’s shares rise 1.4% on layoff newsCEO Dan Schulman aims for cost transformation and restructuringAnalyst questions if cost…
Michael Burry of ‘Big Short’ fame deregisters Scion Asset Management
Burry stepped up criticism of Big Tech in recent weeksPlaces bets against Palantir, Nvidia”On to much better things,”…
Wall Street dips as markets await data after government reopening
Indexes down: Dow 0.18%, S&P 500 0.53%, Nasdaq 0.87%Cisco Systems gains after annual revenue forecast hikeDisney warns of…
Dow notches record high close, traders bet on end to government shutdown
Paramount Skydance gains on cost-cut, investment plansJapan’s SoftBank offloads Nvidia sharesCoreWeave drops after trimming annual revenue forecastS&P 500…
SoftBank’s $5.8 billion Nvidia stake sale stirs fresh AI bubble fears
Nvidia shares fall more than 2% after SoftBank sells stakeSale to help Son fund AI bets such as…
BBC boss and head of news quit after criticism of Trump documentary edit
Item 1 of 2 BBC Director-General Tim Davie is pictured at BBC World Service offices in London, Britain,…
FAA bars MD-11 flights after fiery UPS jet crash
UPS and FedEx have grounded their MD-11 aircraftInvestigators probe plane’s maintenance recordLeft engine and pylon detached from plane…
US airlines cancel 1,330 flights due to shutdown
Air traffic control staffing issues delay flights in 12 major US citiesFAA imposes ground delay programs, Atlanta flights…
Afghanistan-Pakistan peace talks collapse, ceasefire continues, Taliban says
Nov 8 (Reuters) – Peace talks between Afghanistan and Pakistan broke down, although a ceasefire continues between the…
Metsera accepts Pfizer’s $10 billion bid in ongoing M&A battle
Pfizer’s latest bid could spell end of bidding war with NovoMetsera’s drugs projected to reach $5 billion in…
EV maker Rivian gives CEO a Musk-style pay package worth up to $4.6 billion
Scaringe’s new pay plan linked to reduced stock price targetsNew package also hinges on new profit, cash flow…