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Time to Tackle the Live Nation Monopoly
In recent years, Ticketmaster has become synonymous with consumer frustration and dissatisfaction. From opaque ticketing practices to failures with their technology and platform, the company has faced a variety of complaints from concert-goers and event enthusiasts alike....
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High-Octane Rally Keeps Investors Captive to the US
Markets that began the year with investors expecting a global stock rally to fizzle, swift U.S. interest rate cuts to boost Treasuries and soften the dollar and emerging market currencies to strengthen have firmly defied that consensus.
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Credit Card Defaults at Highest Level Since 2008
U.S. credit card defaults rose to their highest level since the wake of the 2008 Great Recession, pointing to a deterioration in lower-income consumers' financial health, the Financial Times reports.
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Value-Seekers Drove 2024's Retail Trends
Value was in vogue in 2024.Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money as they wrestled with high housing and food prices.
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Stock Traders Talk Year-End Tax Selling, Profit Taking
Tech and growth stocks dragged Wall Street's main indexes lower Friday, at the end of an upbeat holiday-shortened week that was driven by expectations around a traditionally strong period for markets.
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Trump's First Actions, Job Data to Test Market in January
After closing the books on a banner year for U.S. stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving.
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Electric Vehicles Sales Rise 25% in 2024
Electric vehicles had another whirlwind year around the globe, driven by buyers in China, and growth in parts of Europe and the United States, despite headwinds.
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Elon Musk: 3 Percent of Journalists Republican
Billionaire Elon Musk said just 3% of journalists are Republicans, writing on X on Sunday that it is "borderline illegal in newsrooms to be a Republican journalist."
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Shrinking Bar Tabs a Buzz Kill for Distillers
Meaghan Dorman's five New York bars look just as full as they always do in December - packed with couples on dates, holiday get-togethers and business meet ups.
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Investment Outlook for Trump 2.0 & Fed Easing
U.S. investors are preparing for a swathe of changes in 2025, from tariffs and deregulation to tax policy, that will ripple through markets as President-elect Donald Trump returns to the White House, putting the focus on whether the U.S. economy can continue to...
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Lawmakers Want to Ban Chinese-Made Drones
Russell Hedrick, a North Carolina farmer, flies drones to spray fertilizers on his corn, soybean and wheat fields at a fraction of what it would cost him to use a conventional ground spreader.As a volunteer rescuer, Hedrick uses thermal drones to search for people trapped...
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Investors Hope for US Stock Market Trifecta in 2025
Investors are expecting more gains for the U.S. stock market in 2025 after two straight standout years, fueled by a solid economy supporting corporate profits, moderating interest rates and pro-growth policies from incoming president Donald Trump.
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Shutdown Could Cost Travel Sector $1B Each Week
A partial government shutdown could cost the U.S. travel industry $1 billion per week and lead to widespread disruptions for travelers, a trade group representing airlines, hotels and other travel companies said Friday.
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Luxury Labels Appeal to Masses With Lower-Priced Goods
Confronting a broad decline in demand for their usual fare, including $3,000-and-up handbags and $4,000-and-up cashmere jackets, major marketers of designer and luxury merchandise are broadening their product lines to emphasize scarves, belts, wallets and home goods priced...
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Stores Target $10 & Under Gifts for the Cash-Strapped
Retailers including Target and Walmart are stocking shelves with more toys and gifts such as Barbies that cost less than $10 this holiday season, a strategy aimed at attracting cash-strapped shoppers.
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Survey: 75 Percent of Global CEOs High on 'Trump Effect'
The election of President-elect Donald Trump has the overwhelming majority of global CEOs optimistic about the worldwide financial market, according to new a survey released Wednesday by Teneo.
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Carmakers Rally on Honda-Nissan Talks
Global shares and the U.S. dollar edged up Wednesday as investors made last-minute adjustments to portfolios in the countdown to the year's final flurry of central bank meetings, while news of a potential Nissan-Honda tie-up lifted car stocks.
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As Bitcoin Soars, Luxury Brands Consider Accepting Crypto Payments
Bitcoin's soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors.
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Cozying up to Trump, Big Tech May Seek Lenient AI Oversight
In a string of visits, dinners, calls, monetary pledges and social media overtures, big tech chiefs - including Apple's Tim Cook, OpenAI's Sam Altman, Meta's Mark Zuckerberg and Amazon's Jeff Bezos - have joined a parade of business and world leaders in trying to improve...
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Nasdaq Tops NYSE in Listings for 6th Straight Year
Exchange operator Nasdaq is on track to beat the New York Stock Exchange on listings for the sixth straight year in 2024, as Wall Street looks for a bumper crop of initial public offerings in 2025.
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Report: Price Hikes Add $815M to US Drug Spending in 2023
Price increases for five of the 10 drugs that contributed the most to a rise in U.S. medical spending in 2023 were not supported by clinical evidence and drove costs higher by $815 million, an influential drug pricing watchdog said Thursday.
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Eric Trump: 'Sensible Plan' for Crypto Long Overdue
President-elect Donald Trump has long been an avowed deregulator, but when it comes to the novel industry of cryptocurrency, there is an overdue need for "sensible" regulatory action amid his campaign vow to make America the "crypto superpower of the world," according to Eric Trump.
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Investment Banks Eye 2025 Income Boom as Trump Drives Deal Rebound
President-elect Donald Trump's return to the White House is seen fueling a dealmaking revival that could bolster investment banking income to $316 billion globally next year, a jump of about 5.7% on 2024, data seen by Reuters shows.
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Gordon Chang: US Relying on China for Rare Earths
Appearing on Newsmax Wednesday, Gordon Chang, a China expert and author, said the United States' dependence on China for rare earth minerals is a growing vulnerability, exacerbated by recent Chinese export restrictions.
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US Stock Markets - Powerhouse or Bubble?
American exceptionalism is alive and well among global investors, attracted by U.S. companies' global reach and technological innovation - but is this a bubble about to burst?