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HSBC names Pam Kaur as first female CFO amid major restructuring - CNBC

HSBC on Tuesday named veteran insider Pam Kaur as its first female finance chief and announced a consolidation of the bank into four business units.

Boeing machinists to vote on offer on Wednesday, members claim 'not a done deal' - KOMO News

The Boeing machinists union will vote Wednesday on a “negotiated proposal” to end a weeks-long strike, but skepticism remains.

Why brands like Chick-fil-A are launching original content - Axios

Call it a new kind of values meal.

Powerball winning numbers for October 21 drawing: Jackpot rises to $456 million - USA TODAY

Powerball players, the results are in for the Monday, Oct. 21 drawing. Here are the winning numbers.

Update: Shari’s Restaurants abruptly closes all Oregon locations - KTVZ

PORTLAND, Ore. (KGW/KTVZ) — Shari’s Restaurants abruptly closed all Oregon locations over the weekend. The Beaverton-based chain faced mounting financial problems, including eviction notices, unpaid bills and back taxes. “I can confirm that at this time that …

Stock futures are little changed as earnings season gains steam: Live updates - CNBC

The Dow Jones Industrial Average snapped a three-day winning streak.

Frozen waffles recalled nationwide over listeria risk - The Washington Post

The breakfast products were sold at Walmart, Target, Publix and other large retailers under multiple labels.

Four Fed policymakers favor more rate cuts, but differ on pace - Reuters

Four Federal Reserve policymakers on Monday expressed support for further interest-rate cuts, but appeared to differ on how fast or far they believe any cuts should go.

FTC's rule banning fake online reviews goes into effect - ABC News

A federal rule banning fake online reviews is now in effect

Fed’s Daly Says She Doesn’t See Reasons to Stop Cutting Rates - Bloomberg

Federal Reserve Bank of San Francisco President Mary Daly said she expected the US central bank would continue cutting interest rates to guard against further weakening in the labor market.

Researchers say Arkansas may have 19M tons of lithium critical for battery power - The Hill

Researchers said in a recent article that Arkansas may have 19 million tons of lithium, which is used in rechargeable batteries for important products like phones and electric cars. The researchers said in their article released last month in the journal Scie…

AI's surge is sparking demand for an unexpected GE Vernova product - TheStreet

The General Electric spinoff sees one form of energy becoming increasingly popular.

Asian Shares Decline as Bonds Extend Selloff: Markets Wrap - Bloomberg

Asian equities declined for a second day along with bonds, as traders consider cooling expectations of Federal Reserve rate cuts for the rest of the year.

Disney to name CEO Bob Iger's replacement in 2026, taps Morgan Stanley's Gorman as chair - Reuters

Walt Disney said on Monday it would announce a replacement for CEO Bob Iger in early 2026, marking the first time the storied media and entertainment company has formally announced a timetable for succession.

Sand Castle mansion lists for $108 million in San Diego record - Fortune

The Sand Castle has 10 bedrooms, 14 full bathrooms and three half baths, with French-imported fireplaces, crystal chandeliers, and an indoor mahogany bar.

A Lawsuit Against Perplexity Calls Out Fake News Hallucinations - WIRED

In a new copyright lawsuit against AI startup Perplexity, Dow Jones and the New York Post argue that hallucinating fake news and attributing it to real papers is illegal.

Which Car Stocks to Own Heading Into Earnings - Barron's

End of an era for Kmart, Europe’s secret travel season, time limit on hugs: Catch up on the day’s stories - CNN

CNN’s 5 Things PM brings you the stories you might have missed during your busy day.

Nvidia Stock Climbs to Fresh High as Analysts Grow More Bullish - Investopedia

Shares of artificial intelligence darling Nvidia closed at an all-time high Monday, just a week after the stock set its previous record.

SAP Stock Climbs On Raised 2024 Cloud, Software Outlook - Investor's Business Daily

SAP stock rose as the software maker reported Q3 profit above views and raised its 2024 outlook for cloud computing and software revenue.

Netflix stock closes at all-time high as investors praise earnings. But valuation concerns remain. - Yahoo Finance

Netflix stock hit another all-time high on Monday to trade above $772 a share. But some analysts are concerned the company's valuation is lofty.

T-Mobile, AT&T oppose unlocking rule, claim locked phones are good for users - Ars Technica

Carriers fight plan to require unlocking of phones 60 days after activation.

‘Quantile model’ analyst predicts $135K–$285K Bitcoin price in 2025 - Cointelegraph

A quantile regression model suggests that Bitcoin will trade in the six-figure range for the majority of 2025.

Goldman Sachs Predicts Sluggish S&P 500 Growth Over Next Decade, Warns of Lower Returns - Yahoo Finance

Goldman Sachs forecasts slow S&P 500 growth, projecting a 3% annualized return through 2034, below historical averages

Satya Nadella AI Tour Keynote: London - Microsoft

Gold pauses for breath as US yields, dollar move higher - Reuters

Gold took a breather after surging to a record high on Monday, as higher U.S. Treasury yields and dollar offset support from growing uncertainties surrounding the U.S. presidential election and the Middle East war.

Sophos buys Secureworks for $859 mln to beef up cybersecurity portfolio - Reuters

Thoma Bravo-backed cybersecurity firm Sophos said on Monday it would acquire Secureworks from Dell Technologies for $859 million in cash to strengthen its product lineup for enterprise customers.

Why mortgage rates are going up despite the Fed's interest rate cut - Fox Business

Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the first time in four years.

Spirit Airlines Stock Soars 60% After Extending Deadline To Refinance Debt - Forbes

The budget airline fell to a new record earlier this month as it reportedly considered bankruptcy.

SSI recipients get 2 checks this November, but none in December. Here's why. - USA TODAY

The Social Security schedule shows SSI beneficiaries are set to get two payments for the month of November thanks to the calendar.

The pill form of Novo Nordisk’s drug Ozempic can cut the risk of heart attacks and strokes, according to a new study - Quartzy

Rybelsus, the oral form of semaglutide, was found to reduce the risk of major adverse heart events in adults with Type 2 diabetes by 14%

2025 Mustang Mach-E drops with heatpump, smaller frunk, $36K price, more - Electrek.co

Ford has been busy with incremental updates to its popular Mustang Mach-E and they showed off the 2025 version to...

Buybuy Baby closing all stores, shifting to online-only business model as part of 'strategic reset' - Fox Business

Buybuy Baby, once owned by Bed Bath & Beyond, is shuttering all of its physical stores and shifting to an online-only business model as part of a "strategic reset."

Tesla earnings: Investors want 'more specifics' on affordable EV - Yahoo Finance

Tesla (TSLA) will report third quarter earnings this Wednesday, October 23. The EV maker is the first member of the Magnificent Seven group of tech stocks to...

Sanofi in 'exclusive negotiations' to sell 50% stake in €16B consumer health unit Opella - FiercePharma

Sanofi is now in “exclusive negotiations” with U.S. | Sanofi is now in “exclusive negotiations" with U.S. private equity firm Clayton, Dubilier & Rice to sell a 50% controlling stake in its consumer health business Opella, the company said. The deal values th…

Starboard Value Buys Into Dow Jones Spinoff; ELF Beauty Rallies - Investor's Business Daily

Elf Beauty appeared to rally along with KVUE on Monday.

S&P 500 blows past bond market warnings - TheStreet

The benchmark stock market index is surging toward 6,000 despite Treasury yields and mounting political risks.

Elon Musk responds to claim Tesla sales are impacted by Trump support - TESLARATI

Elon Musk pushed back against claims Tesla sales are impacted by his support for Donald Trump.

Cigna, Humana Resume Merger Talks, Report Says. Why It’s Different This Time. - Barron's

Major retailers, schools affected by BrucePac meat recall - Fox Business

The Food Safety and Inspection Service, an agency of the USDA, has updated lists of all the schools and retailers that have been impacted by the BrucePac meat recall.

Stripe in $1.1B Acquisition Deal for Stablecoin Platform Bridge - CoinDesk

Bridge, which has raised $54 million in funding, previously said it aspired to become the blockchain version of Stripe, operating a global system in which other developers could integrate

Mercedes-Benz opens new battery recycling plant that recovers ‘96%’ of battery materials - Electrek.co

Mercedes-Benz opens Europe’s first battery recycling plant using an innovative process that the automaker says enables recycling rate to more than 96%.

Supreme Court Rejects Bid to Let President Fire Agency Leaders - Bloomberg

The US Supreme Court declined to hear an appeal that sought to give the president control over agencies that have long operated independently, potentially including the Federal Trade Commission and Securities and Exchange Commission.

Can the new CVS CEO handle the Aetna challenge? - Reuters

As CVS Health's new CEO David Joyner steps into the top job, Wall Street analysts and some investors are questioning whether he has the right experience to turn around the Aetna health insurance business as it struggles with high medical costs.

Starbucks Defies Gravity with New Beverages, Merchandise & More, Inspired by Universal Pictures’ WICKED - Starbucks Stories

Starbucks fans and Ozians are in for a fantastical experience, as Starbucks is partnering with Universal Pictures to celebrate the new cinematic event, Wicked.