U.S. President Donald Trump accused Iran on Thursday of trying to manipulate the oil market.
Brent crude oil tops $116, a six-month high, as tensions swell in the Middle East
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10-year Treasury yield drops back to 5% this week as investors seek cover from AI worries
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Moderna shares plunge after cancer vaccine data leaks — despite positive results
Moderna released full data on its closely watched cancer vaccine developed with Merck.
Texas Senate race: New Talarico ad rips Elon Musk 'dark money' push
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Oil hits five-month high as global stocks wobble on AI fears; retail sales in Great Britain fall as shoppers cut back - business live
Rolling coverage of the latest economic and financial news Heineken has warned British bars and pubs that the boom in popularity of weight-loss drugs could lead to a fall in sales of beer and cider. The world’s second largest brewer sent a presentation to British hospitality customers earlier this month warning that GLP-1 use – led by Ozempic and Wegovy – can reduce the desire to drink alcohol , which could lead to “fullness and fewer serves” of pints in pubs and bars. The jobs balance rose to 50.5 from 48.9 in September, consistent with a 9K month-to-month payrolls gain in October. Solid growth is helping, probably alongside an easing drag from the payroll-tax hike. …The steady recovery in jobs growth further undermines any case for waiting to hike rates. A November rate hike is a shoo-in, and we expect another rone in February. We are very close to adding a third hike in May or earlier
American Express is cutting 5% of its workforce to 'prepare for AI'
Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.
Volvo Cars plunges 22% as CEO says China sales slump came 'faster than we thought'
The Swedish automaker cited a deteriorating environment led by "tougher" market conditions in China and the U.S., which "negatively affected free cash flow."