New York CNN – In the last few years, all the smart money went into a recession in the US that occurred sometime before the next presidential election. To be clear, this could still happen. In the world of business, nothing is certain. However, it is extremely unlikely that the American economy will suffer a … [Read more…]
Comcast is notifying Xfinity customers of a “data security incident” that allegedly resulted in the theft of customer information, including usernames, passwords, contact information, partial Social Security numbers and more. In a statement Monday, Xfinity said there was “unauthorized access” to its systems from Oct. 16 to Oct. 19, 2023. BleepingComputer linked to this breach … [Read more…]
Holiday spending this year from Nov. 1 to Dec. 31 is expected to rise 3 percent to 4 percent from last year to a record $957.3 billion to $966.6 billion, according to the National Retail Federation. Even as credit card debt tops $1 trillion, nearly all — or 96% — of shoppers said they expect … [Read more…]
Stocks continue to fluctuate. The three major indexes closed higher again on Monday as the year’s rally heads toward a triumphant conclusion. The broad-based S&P 500 rose 3.8% in December, snapping its longest weekly winning streak in six years, while the blue-chip Dow index rose nearly 4% and the tech-heavy Nasdaq rose nearly 5%. Bulls … [Read more…]
Apple will stop selling the latest versions of its smartwatch in the US due to a patent dispute and pull some of its best-selling devices from the market during the busy holiday season. Sales of the Apple Watch Series 9 and Ultra 2 will stop on December 21 at the company’s online store and at … [Read more…]
Major applicants for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States are changing their applications to comply with the cash repayment model required by securities regulators. Investment manager BlackRock and Cathie Wood’s ARK Invest have updated their S-1 registration statements for a spot Bitcoin ETF with the US Securities and Exchange Commission … [Read more…]
Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. Google will pay $700 million to settle a lawsuit brought by a group of U.S. states that accused the company of stifling competition to its Play Store on Android devices, according to court documents released Monday. … [Read more…]
Ascentxmedia | Istock | Getty Images However, according to an IFS report on UK pension trends published last month, this has changed: “Retiring before state pension age is increasingly concentrated among the wealthier population.” The report showed that those who have average wealth in their late 50s and early 60s are most likely to be … [Read more…]
The biggest change: If this settlement is approved, Google will have to allow developers to block consumers from the Google Play Store for several years. You can read the full 68-page comparison yourself at the end of this story, but here’s the TL;DR about what’s in it: Does that sound like a lot? When you … [Read more…]
One of MLB’s bigger off-field stories last year was the bankruptcy of Diamond Sports Group. The conglomerate’s difficulties in honoring its broadcast contracts have left teams contracted with Diamond – the operator of the regional Bally Sports networks – uncertain about what revenue they can expect from their local television contracts. This was reflected in … [Read more…]