Securities and Exchange Commission Chair Gary Gensler will resign on January 20, paving the way for President-elect Donald Trump to select a replacement. Under Gensler's leadership since 2021, the SEC has taken a controversial approach to regulatory issues, particularly concerning cryptocurrencies. The article discusses Gensler's tenure, his impact on the SEC, and the potential changes that may come with a new chair under Trump's administration.

The article discusses the recent performance of blue-chip and small-cap stocks in the market, highlighting their gains while major tech stocks struggled. It also covers the dollar's rise and various economic indicators that suggest a bullish sentiment in the market, alongside insights from financial analysts regarding future trends.

Alphabet's shares fell by 4% after the Department of Justice proposed that Google divest its Chrome browser as part of an antitrust case. This recommendation follows a federal judge's ruling that found Google held an illegal monopoly in search. The DOJ's proposal aims to create a more competitive environment for rival search engines and prevent Google from entering into exclusionary agreements with third parties.

Disney's streaming services have turned a profit for the second consecutive quarter, with earnings soaring to $321 million in Q4 2024, driven by a significant uptake of the ad-supported plan among new subscribers.

Federal Reserve Chair Jerome Powell stated that strong U.S. economic growth allows policymakers to take their time in deciding how to adjust interest rates. He emphasized that the economy is not signaling an urgent need for rate cuts, and he expressed confidence in the current economic conditions while acknowledging the complexities of managing inflation and labor market support.

The article discusses the U.S. job market's performance in October 2024, highlighting a significant slowdown in job creation due to external factors such as hurricanes and a Boeing strike. Nonfarm payrolls increased by only 12,000, far below expectations, while the unemployment rate remained steady at 4.1%. The article emphasizes the implications of these figures in the context of the upcoming presidential election.

The article discusses the expectations surrounding Federal Reserve Chair Jerome Powell's upcoming statements regarding interest rate cuts in light of recent economic data indicating softer inflation and slower job growth. Analysts from Citi suggest that Powell will maintain a dovish stance, leaving options open for either slowing or accelerating rate cuts, while emphasizing that monetary policy will respond to macroeconomic developments rather than political events.

The article discusses China's recent economic stimulus measures aimed at addressing deep-rooted economic issues, including weak domestic demand and industrial overcapacity. It critiques the government's approach, suggesting that while short-term gains may be achieved, the underlying structural problems remain unaddressed, potentially leading to long-term economic challenges.

Warren Buffett expresses concern over impersonators using his name for fraudulent endorsements of investment products and political candidates. He emphasizes that he does not endorse any such products or candidates, particularly in light of a tense political season and the rise of deep fakes. His statement aims to clarify his position amidst increasing social media misinformation.

The article discusses how Starbucks, under new CEO Brian Niccol, is reducing the number of discounts offered to customers as part of a strategy shift towards promoting higher-end, handcrafted coffee. The company has faced challenges in maintaining customer traffic and is now focusing on advertising seasonal drinks instead of broad discount offers.

The Paris Motor Show showcases new electric vehicle models from various manufacturers amid a brewing trade war between the EU and China. Chinese companies are presenting competitive models while facing potential tariffs from the EU, which could impact their market strategies. The event highlights the growing interest in electric vehicles among younger drivers and the introduction of models that can be driven without a full license.

This article discusses the stocks that are experiencing significant movements in premarket trading, highlighting companies such as Flutter Entertainment, Boeing, SiriusXM, and Caterpillar, along with their respective market performances and recent news affecting their stock prices.

The article discusses the recent performance of major stock indices, highlighting the S&P 500 and Dow Jones Industrial Average reaching all-time highs amid positive corporate earnings reports and economic indicators. It also covers various analysts' perspectives on market trends, inflation risks, and sector performances, providing insights into investor sentiment and future expectations.

The article discusses Boeing's ongoing struggles due to a prolonged strike by its machinists, which has led to significant financial losses and operational challenges. The company is facing mounting debt and production halts, prompting layoffs and concerns over its credit rating. Analysts express skepticism about Boeing's strategies to manage these crises, highlighting the urgency for the company to resume production and stabilize its finances.

TD Bank has agreed to pay over $3 billion and pleaded guilty to criminal charges in the US for allowing drug cartels and other criminals to transfer hundreds of millions of dollars in illicit funds. The bank operated with inadequate guards against money laundering for nearly a decade, leading to significant penalties and restrictions on its growth in the US.

Traders are watching for the wholesale inflation report and quarterly reports from JPMorgan Chase and Wells Fargo. Stock futures were little changed as investors looked ahead to these economic indicators, which could influence market movements.

America's inflation continued to slow in September, reaching a fresh three-and-a-half-year low, but persistent price hikes in certain categories highlight ongoing challenges. The Consumer Price Index showed a 2.4% increase for the year ending in September, indicating a mixed outlook for the Federal Reserve as it considers interest rate adjustments amidst fluctuating prices in food, energy, and housing.

Elon Musk and Tesla are set to unveil plans for self-driving 'robotaxis' at an upcoming event, which could significantly impact the company's future. Analysts believe this event may be pivotal, akin to Apple's iPhone launch, but there are concerns about whether Tesla can deliver on its promises given past failures and regulatory hurdles.

Hyundai Motor and Waymo have entered a strategic partnership to integrate the Ioniq 5 electric vehicle into Waymo's robotaxi fleet. Initial testing is set to begin by late 2025, with plans for broader availability in subsequent years. The partnership aims to enhance Waymo's autonomous technology capabilities and expand its commercial robotaxi service.

Goldman Sachs predicts that international crude oil prices could surge by $20 per barrel if Iran's oil supply is disrupted due to the ongoing Middle East conflict. The report highlights the potential impact of OPEC+ production adjustments and the geopolitical risks associated with Iranian oil exports.

CVS is contemplating a potential breakup of its business, which includes its retail pharmacy and insurance units, as it faces significant financial pressures and declining stock performance. Analysts express concerns about the risks associated with such a split, emphasizing the importance of maintaining integrated operations to avoid losing customers and revenue.

Rivian Automotive's shares fell approximately 8% after the company lowered its annual production forecast for 2024 due to a production disruption. The company produced 13,157 vehicles and delivered 10,018 during the third quarter, which was below analyst expectations. Rivian's revised production target is now between 47,000 and 49,000 units, significantly lower than the previous estimate of 57,000 units.

The article discusses the European Union's decision to impose significant tariffs on electric vehicles imported from China, aimed at protecting the EU car industry from perceived unfair competition due to Chinese state subsidies. The move has sparked concerns about a potential trade war and could lead to increased prices for consumers. The article also highlights the divided opinions among EU member states regarding the tariffs and the implications for the electric vehicle market in the UK.

The article discusses the end of a significant strike by dock workers at U.S. East and Gulf Coast ports, detailing the agreement reached between the union and port operators. It also covers other news, including the conviction of former Memphis police officers in the Tyre Nichols case and the National Guard's assistance in North Carolina following Hurricane Helene.

Kamala Harris, the Democratic presidential nominee, emphasized the need for the United States to regain its leadership in emerging technologies like blockchain and AI during a speech at the Economic Club of Pittsburgh. She outlined her commitment to encouraging innovative technologies while ensuring consumer protection, as part of her broader economic vision.

The article discusses the impact of falling lithium prices on Australia's lithium mining industry, highlighting mine shutdowns and production cuts by some companies while others remain optimistic about future demand. It also touches on the environmental challenges of lithium extraction and the potential for Australia to become a leader in lithium refining.

Warren Buffett's Berkshire Hathaway has sold more of its holdings in Bank of America, raising its total haul to nearly $9 billion over the last several months. The conglomerate trimmed its stake by 21.6 million shares, making approximately $862.7 million in profits from the sales. Despite these sales, Berkshire remains the largest stockholder of Bank of America with over 800 million shares worth more than $32 billion.

The article discusses the current outlook for the EUR/USD currency pair, highlighting concerns over Eurozone economic data and its impact on the euro's strength. It notes that without significant improvements in the Eurozone, international factors may not support the EUR/USD moving forward, especially in light of potential recession signals from the US economy.

The dollar held firm on Thursday after its sharpest rally since early June as traders looked ahead to Fed speakers for clues on the pace of interest rate cuts. The U.S. currency rebounded strongly overnight from a more than one-year low to the euro and 2 1/2-year trough versus sterling, with investors taking a nuanced view on future U.S. rate hikes amidst mixed signals from Federal Reserve policymakers.

Mira Murati, the Chief Technology Officer of OpenAI, announced her departure from the company after six and a half years, during which she played a crucial role in developing technologies like ChatGPT and Dall-E. Her exit follows a series of leadership changes at OpenAI as the organization seeks to restructure and grow its business model. Murati expressed gratitude for her time at OpenAI and indicated her intention to assist with the leadership transition.

California has filed a groundbreaking lawsuit against ExxonMobil, alleging that the company has misled the public about the effectiveness of plastic recycling for decades. The lawsuit claims that despite knowing the challenges of recycling plastics, ExxonMobil promoted it as a viable solution to plastic pollution, contributing to excessive plastic use and environmental damage.

UniCredit has increased its stake in Commerzbank to around 21% and submitted a request to boost it to up to 29.9%. The German government, a major shareholder, does not support a takeover and has communicated this to UniCredit. Chancellor Olaf Scholz criticized the move, emphasizing that hostile takeovers are not beneficial for banks.

The last full-size Kmart store in the continental United States is set to close in October, leaving only one downsized location remaining. The department store chain, which once operated around 2,300 locations in the early 1990s, will shutter the full-size store in Bridgehampton, New York, on Oct. 20. Transformco, which owns Kmart, did not immediately respond to requests for comment, but it has been confirmed that the Bridgehampton store will indeed be closing.

The US Commerce Department is proposing a ban on the sale or import of smart vehicles that utilize specific Chinese or Russian technology due to national security concerns. This regulatory action aims to mitigate risks associated with foreign adversaries potentially gaining control over US vehicles, which could lead to significant safety issues. The proposed rule will not affect existing vehicles already on the road but will apply to future models starting from 2027 for software and 2030 for hardware.

Boeing has made a new contract offer to its striking machinists, which includes higher pay raises, reinstated annual bonuses, and an increased ratification bonus. The offer comes as the strike enters its second week, with significant financial implications for the company.

Tupperware Brands Corporation has filed for bankruptcy, just months after the iconic American food storage container maker shuttered its last remaining plant in the U.S. amid financial woes. The company announced its voluntary decision to initiate Chapter 11 proceedings, listing significant estimated assets and liabilities, and aims to continue operations through various sales channels while restructuring its business.

The article discusses the potential impact of looming port strikes on the East Coast and Gulf of Mexico, particularly during the critical holiday shopping season. It highlights concerns from the National Retail Federation and other trade associations about how these strikes could disrupt supply chains and negatively affect the economy.

Boeing is temporarily furloughing executives and other nonunion workers to save cash during the strike by 33,000 members of the International Association of Machinists. The furloughed employees will keep their benefits and will be off work for one week out of every four on a rolling basis. CEO Kelly Ortberg stated that he and the leadership team will also take a pay reduction during the strike, which is the first at Boeing in 16 years.

The article discusses the impact of the Federal Reserve's decision to cut interest rates on major stock indices including the Dow, S&P 500, and Nasdaq, highlighting various market reactions and key events surrounding this financial development.

The Federal Reserve has enacted its first interest rate cut since the early days of the Covid pandemic, lowering the federal funds rate by half a percentage point amid signs of moderating inflation and a weakening labor market. This decision reflects the Fed's confidence that inflation is moving towards its target while balancing employment goals.

Intel announced plans to transform its foundry business into an independent unit, potentially allowing it to raise outside capital. The restructuring is part of CEO Pat Gelsinger's strategy to revitalize the company, which has faced significant financial challenges. Intel also revealed a new partnership with Amazon Web Services to produce custom AI chips, aiming to strengthen its position in the growing AI server chip market.

The Federal Reserve is set to issue its first rate cut since 2020 this week. Here's what it means for mortgage rates.

With a massive ongoing strike, Boeing is making some temporary cutbacks that could hit non-union staff hard. The company has announced a freeze on hiring and non-essential travel, and it will consider furloughs for employees, managers, and executives. Boeing is also planning to reduce spending with some of its 10,000 suppliers.

Amazon will start expecting many employees to work out of the office five days a week next year, according to the tech giant's CEO, Andy Jassy.

Former President Donald Trump is expected to announce a new cryptocurrency platform called World Liberty Financial, controlled by his sons. The venture aligns with Trump's campaign pledge to make the U.S. the 'crypto capital of the planet,' but raises concerns about potential use of federal resources for personal financial gain.