Average two-year mortgage rate falls below 6%
Mortgage providers have been cutting rates, but many homeowners still face a payment shock.
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ScotRail consults customers on ending alcohol ban
The online survey comes three years after restrictions were introduced to stop the spread of Covid-19.
Disney: Elon Musk calls for boss to be fired over ad spat
It comes a week after the multi-billionaire launched a profane attack on advertisers that left X.
Oxfam shop and office workers strike for first time
The walkout is over pay with some staff at the anti-poverty charity reporting having to use foodbanks, a union says.
Hedge fund titan pushes to claw back $100M UPenn gift as pressure mounts to dump Liz Magill over antisemitism response
Ross Stevens said he has “clear grounds” to rescind his donation. “I love Penn and it is important to me, but our firm’s principles are more important.”
Larry Fink blasts Republican candidates after BlackRock criticized at debate
Ron DeSantis criticized the firm in Wednesday's debate for using its "economic power" to instill a "left wing agenda." "The only agenda we have is delivering for our clients," Fink wrote in a LinkedIn post.
Mobile phones: Firms face £3bn legal claim for overcharging
Lawsuit alleges Vodafone, EE, Three and O2 overcharged existing customers for their mobiles.
Boost Mobile founder pushes carriers to back ban on cell phones in schools
“There's a reason carriers stay silent – it’s the same reason tobacco companies stay silent,” Australian-born entrepreneur Peter Adderton told On The Money.
Elon Musk calls for Disney CEO Bob Iger to be fired over ad buys after company pulls money from X
X boss Elon Musk called on Disney to “immediately” fire CEO Bob Iger on Thursday for allowing Mouse House ads to run on rival social media platforms that allegedly allowed child predators to target underage users. Musk’s escalated his feud with Iger — whom he told to “go f-ck
Former financial plaything GameStop wants to play the stock market
Normally, when a company builds up a huge cash position and not much debt, it uses the money to buy back shares and reward investors. Not GameStop. Instead, the retailer-turned-meme-stock announced it will now allow CEO and chairman Ryan Cohen to invest its $900 million in cash
Anthony Scaramucci raises funds for ‘unicorn’ firms after resurgence in crypto magic
The Mooch lost nearly 40% in his biggest fund last year amid the collapse of Sam Bankman-Fried’s FTX.
These are the 10 EVs eligible for instant tax rebates in the US in 2024
The rules surrounding EV tax rebate eligibility will change in the US in 2024. There are still a lot of unanswered questions about which cars will be eligible for the full $7,500 federal incentive. Unlike the current system, which requires you to take the discount from the
Jewish TikTok employees allege toxic workplace, antisemitism since Hamas war began: report
The allegations add another headache for TikTok, which has faced renewed calls from Republican lawmakers for an outright ban.
Elon Musk appeals dispute over Tesla ‘funding secured’ tweet to Supreme Court
Musk asked the justices to hear his appeal of a lower court's decision in May that upheld the decree, which arose from his August 2018 post on Twitter, that he had "funding secured" to take Tesla private.
US State Department funds censorship firms that favor left-wing media, NY Post on ‘risky’ list: lawsuit
A bombshell lawsuit has accused the US State Department of violating First Amendment rights by using taxpayer dollars to fund private censorship firms that have favored left-wing media outlets at the expense of conservative news sites. Under the Biden administration, the
Chewy says its pet pharmacy is a billion-dollar business
Fido’s worm pills are proving a very healthy addition to pet subscription box company Chewy’s bottom line. Read more...
Mortgage rates fall near 7%, lowest level since August
This is the sixth straight weekly drop for rates, echoing a recent pullback in the 10-year Treasury yield.
Anger as Nationwide orders workers back to office
Nationwide - which has its HQ in Swindon - tells staff to work in offices at least two days a week.
Starbucks loses $12B market cap amid sales concerns, boycotts over Israel
Starbucks has seen nearly $12 billion erased from its market value during the past month as sales reportedly have slowed amid tighter consumer wallets and growing labor strife — with some even speculating the chain has been hit by boycotts over the Israel-Gaza war. Investors
Washington Post staff walks out in their biggest labor protest in 48 years
The picketing workers asked readers to abstain from buying the newspaper or reading its website in solidarity.
Posh NYC wine company faces state regulatory probe over missing bottles
Chelsea Wine Storage has sparked concerns after quietly moving clients' collections from a sleek locker facility in Chelsea Market to the unfinished basement of a shuttered TGI Friday’s off Times Square.
Why Monday is the most misunderstood day
What’s wrong with the start of the workweek?
The case of China’s vanishing chairmen
What some mysterious goings-on mean for Chinese business
McDonald’s cooking up plans to sell bigger burgers, CEO says
Currently, a McDonald's hamburger patty weighs in at 1.6 ounces and comes on a standard bun, which is around four inches in diameter.
Banking adversaries Elizabeth Warren and Jamie Dimon have found common ground on crypto
JPMorgan Chase CEO Jamie Dimon and US senator Elizabeth Warren have sparred over financial regulation for more than a decade. But in a rare occurrence during a Senate Banking Committee hearing yesterday (Dec. 6), they adopted the same stance. Both want to see the US government
South East Water pays £2.3m dividend amid watchdog probe
Ofwat is investigating South East Water over service to customers and record in maintaining supply.
Apple plans to move iPhone 16 battery production out of China and into India
Every time Apple has looked for an alternative to China for production, it has turned to India–this time, it’s for battery production. Read more...
Jacob Rees-Mogg's investment management firm to close
The fund manager co-founded by the MP is winding down after reports it had lost its largest client.
🚀 Space Business: Rocket auroras
Auroras, or the northern and southern lights, have long been heralded as signs and omens. To the Greeks and some Aboriginal Australians, they are gods and goddess racing across the skies. The Cree believe them to be messages from the dearly departed. Some Chinese legends
