Business news
- Fed chair candidate Hassett says U.S. is way behind the curve on lowering rates - Hassett said the artificial intelligence boom is boosting economic growth while simultaneously putting downward pressure on inflation.
- Citadel to return $5 billion in profit to investors, source says - The firm's flagship-multistrategy fund, known as Wellington, gained 9.3% in the year through last week, the person said.
- ServiceNow acquiring cybersecurity startup Armis for nearly $8 billion - The enterprise software company said the deal will bolster its cybersecurity capabilities in the age of artificial intelligence.
- U.S. economy grows by 4.3% in third quarter, much more than expected, delayed report shows - The U.S. economy grew at a much bigger-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed.
- Epstein files: Latest batch from DOJ includes court records, flight logs and heavily redacted documents - The release comes amid intense scrutiny from congressional lawmakers and victims over the DOJ's handling of the Epstein files.
- EV realism is here. How automakers react in 2026 will be telling - Detroit automakers are refocusing on large gas-guzzling trucks and SUVs, and many have admitted that policies, not consumers, were driving the charge for EVs.
- Gas prices fall to four-year lows as millions embark on holiday road trips - The average price of unleaded gasoline in the U.S. is at its lowest since 2021, according to AAA.
- Holiday retail spending rose 4.2% this season, driven by e-commerce and electronics: Visa report - U.S. holiday retail spending rose 4.2% as consumers spent more on tech and apparel, with online sales jumping 7.8%, Visa data shows, despite higher prices.
- H-1B visa applicants face more disruptions amid social media checks and wage protection rules - The U.S. administration has lined up a slew of actions to restrict the use of H-1B visas by businesses.
- What a Russia-Ukraine peace deal could mean for Europe's gas supplies - While pipeline infrastructure could be salvageable, turning the tap back on is set to be politically controversial.