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  • How the Hamas hostage-release deal evolved — and nearly fell apart — in final days

    How the Hamas hostage-release deal evolved — and nearly fell apart — in final days

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    WASHINGTON (AP) — The negotiations hardly ran smoothly. But, in the end, persistence paid off.

    Six weeks ago, not long after Hamas killed more than 1,200 people in Israel and took scores of others hostage in a surprise assault, the government of Qatar quietly reached out to the United States to discuss how to secure the release of those who were taken captive by the militant group.

    But…

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  • U.S. economy growing only at a subdued rate in early November, S&P Global says

    U.S. economy growing only at a subdued rate in early November, S&P Global says

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    The numbers: The U.S. economy expanded but at a relatively subdued pace in early November, latest data from S&P Global show.

    The S&P Global “flash” U.S. services index rose to 50.8 in November from 50.6 in the prior month, the highest level in four months. Economists surveyed by the Wall Street Journal had forecast a reading of 50.2.

    On the…

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  • Nvidia stock under pressure after report of AI chip delay for China

    Nvidia stock under pressure after report of AI chip delay for China

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    Shares of Nvidia Corp. fell in premarket trading on Friday, following a report that the tech giant will delay the launch of one of its new artificial intelligence chips destined for China.

    Nvidia will now roll out one of three big AI chips for that market early next year Reuters reported, citing sources. Earlier this month, a report surfaced that Nvidia planned the trio of AI chips for China after the U.S. government blocked it from selling high-end chips in that country.

    The…

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  • Germany’s Economy Shrank 0.1% in 3Q, Confirming Prior Estimates

    Germany’s Economy Shrank 0.1% in 3Q, Confirming Prior Estimates

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    By Ed Frankl

    Germany’s economy contracted 0.1% from July to September, confirming prior estimates, as Europe’s largest economy languishes in a likely recession, according to data from the country’s statistics office released Friday.

    It matched expectations of economists polled by The Wall Street Journal. GDP contracted 0.4% on year, on a price…

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  • The best city for celebrating Thanksgiving? It’s San Francisco.

    The best city for celebrating Thanksgiving? It’s San Francisco.

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    The City by the Bay is the best place to enjoy a Thanksgiving bash, at least according to a new report.

    The personal-finance website WalletHub ranked San Francisco as the top U.S. spot to celebrate Turkey Day. New York, home to the Macy’s Thanksgiving Day Parade, didn’t even crack the top 10 of the cities the site surveyed, landing instead in position No. 37.

    Among…

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  • Don’t ruin Thanksgiving by making these rookie mistakes

    Don’t ruin Thanksgiving by making these rookie mistakes

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    A friend calls this day “Thanksscrapping.” He may have a point. 

    My favorite Thanksgiving story happened at a dinner on Park Avenue about 20 years ago when a lady with a large bouffant and a genial manner — let’s call her Mrs. Anders — raised a glass. Knowing I grew up in Dublin in a Catholic family, she said: “…and I’d like to raise a glass to Fair Eire and hope that the six counties of Northern Ireland are one day free from the British!” She did not realize that the host’s in-laws were Ulster Protestants. They were not amused.

    …

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  • U.K. stocks break three-day losing streak

    U.K. stocks break three-day losing streak

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    U.K. stocks rose Thursday, as the FTSE 100 Index FTSE 100 Index closed up 0.19% at 7,483.58.

    Among FTSE 100 constituents, technical services company Intertek Group PLC Intertek Group PLC saw the largest increase Thursday, as shares climbed 3.42%.

    Shares of air freight firm International Distribution Services PLC International Distribution…

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  • Turkish interest rates jump to 40% as central bank gets tough on inflation

    Turkish interest rates jump to 40% as central bank gets tough on inflation

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    Turkey’s central bank raised interest rates to 40% on Thursday, delivering a bigger-than-expected hike that sparked a rally in the lira.

    Battling inflation that it sees running at an annual pace of 65% by the end of the year and 36% by the end of 2024, the Monetary Policy Committee (MPC) increased its one-week repo rate by 500 basis points from 35%.

    Investors…

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  • The price tag for happiness? Millennials say it’s $525,000.

    The price tag for happiness? Millennials say it’s $525,000.

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    Some people think money can buy happiness.

    Millennials say they need a $525,000 salary to achieve financial happiness, the highest among all generations, according to an Empower survey conducted by the Harris Poll.

    Here are the yearly salaries Americans of different generations say they need to feel happy, according to the poll:

    …

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  • Why stocks’ Thanksgiving-week performance is important to watch

    Why stocks’ Thanksgiving-week performance is important to watch

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    While the U.S. trading week is shortened by the Thanksgiving holiday, it’s important to watch the stock market’s performance to see if the rally of the past month can be sustained through the year-end. 

    Stocks have rallied in November so far, with the S&P 500 index SPX logging a 8.6% gain month-to-date, while it’s up 18.6% so far this year, according to FactSet data. 

    “If…

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  • The U.K. is lifting its minimum wage to nearly double the U.S.’s hourly pay floor

    The U.K. is lifting its minimum wage to nearly double the U.S.’s hourly pay floor

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    Chancellor Jeremy Hunt has outlined a plan to lift what’s called the national living wage by nearly 10%, from £10.42 to £11.44 ($14.35). He called that the biggest increase in more than a decade.

    The minimum wage applies in the U.K. to those over the age of 23, though when the new rate goes into effect in April it also will apply to 21- and 22-year-olds.

    Internationally,…

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  • Sam Altman to return as OpenAI CEO, alongside new board that includes Larry Summers

    Sam Altman to return as OpenAI CEO, alongside new board that includes Larry Summers

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    OpenAI has reached an “agreement in principle” for Sam Altman to return to his post as chief executive officer alongside a new board, just days after his ousting, the company said on Wednesday.

    In a posting on X, the tech group behind ChatGPT said former Salesforce CEO Bret Taylor will serve as chair, joined on the board by former Treasury Secretary Larry Summers and Quora co-founder and CEO and current director Adam D’Angelo.

    The…

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  • Nvidia ends an earnings recession and is helping to reshape corporate profits

    Nvidia ends an earnings recession and is helping to reshape corporate profits

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    With yet another blowout earnings report, Nvidia Corp. has ended an earnings recession in the U.S. and helped to solidify the continuation of a drastic change to corporate profits.

    Nvidia NVDA on Tuesday rode enduring demand for hardware that is essential for artificial-intelligence tasks to yet another record quarter, as revenue tripled and profit zoomed more than 1,300% higher year over year. Nvidia recorded earnings of more than $9 billion in just three months, a total it had never achieved in a full year before 2022.

    …

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  • Would you lend your mom your fortune? Estate planning with a twist.

    Would you lend your mom your fortune? Estate planning with a twist.

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    When it comes to estate planning and family giving, the funds tend to run downstream to the younger generations. But one strategy — called upstream giving — could assist older generations during their lifetime and lessen taxes for the family overall.

    This complicated strategy isn’t for the faint of heart. There’s a lot to consider, and a lot of steps need to happen in perfect order for it to work as intended.

    “While…

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  • S&P 500 futures stall near four-month highs as traders eye Nvidia earnings

    S&P 500 futures stall near four-month highs as traders eye Nvidia earnings

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    U.S. stock futures on Tuesday showed the November rally stalling ahead of results from AI chipmaker Nvidia.

    How are stock-index futures trading

    On Monday, the Dow Jones Industrial Average DJIA rose 204 points, or 0.58%, to 35151, the S&P 500 SPX increased 33 points, or 0.74%, to 4547, and the Nasdaq Composite COMP gained 159 points, or 1.13%, to 14285.

    What’s driving markets

    Stock-index…

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  • SEC charges crypto platform Kraken with operating as an unregistered exchange

    SEC charges crypto platform Kraken with operating as an unregistered exchange

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    The Securities and Exchange Commission charged cryptocurrency trading platform Kraken with operating as an unregistered securities exchange.

    The charges are the latest effort by regulators to crack down on crypto companies, some of which the SEC views as illegally selling securities without registering with the commission.

    Kraken didn’t immediately…

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  • Here’s how much aid the U.S. gives to Israel — and why it may get billions of dollars more

    Here’s how much aid the U.S. gives to Israel — and why it may get billions of dollars more

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    Israel’s military campaign against Hamas has entered its sixth week, and the country is facing a growing backlash against the humanitarian toll of the war as well as uncertainty over the fate of a U.S. military aid package that has stalled amid partisan bickering in Washington, D.C.

    President Joe Biden has requested $14.3 billion in military assistance for Israel as it seeks to destroy Hamas after the group killed 1,200 Israeli citizens and took more than 200 hostage last month. More than 12,000 Palestinians have died in…

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  • Argentina stocks and bonds surge after Milei’s victory. Can the party continue?

    Argentina stocks and bonds surge after Milei’s victory. Can the party continue?

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    Argentina stocks surged and bonds rallied following news that radical libertarian economist Javier Milei will become Argentina’s next president after an unexpected electoral win.  

    But investors have their doubts that the initial market moves can be sustained.

    In his campaign, Milei, who is known for brandishing a chainsaw at rallies, outlined…

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  • Cruise co-founder and CEO Kyle Vogt resigns from robotaxi company

    Cruise co-founder and CEO Kyle Vogt resigns from robotaxi company

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    Kyle Vogt resigned as chief executive of autonomous-vehicle company Cruise late Sunday, following the recent suspension of Cruise’s operations on public roads.

    “Today I resigned from my position as CEO of Cruise,” Vogt, who co-founded Cruise and oversaw its 2016 acquisition by General Motors Co. GM, tweeted Sunday night. “The last 10 years have been amazing, and I’m grateful to everyone who helped Cruise along the way.”

    He…

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  • Stock market surges toward 2023 high. Will holiday shoppers put it over the top?

    Stock market surges toward 2023 high. Will holiday shoppers put it over the top?

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    U.S. stocks have jumped back near to their summertime highs, a big rebound as investors enter the holiday season with Black Friday just days away.

    The shopping frenzy expected on Friday, the day after Thanksgiving, kicks off a spending spree for the holidays that could help buoy stocks after their surge this month.

    “With consumers employed…

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