The BRICS nations, originally composed of Brazil, Russia, India, China and South Africa, have had many discussions about establishing a new reserve currency backed by a basket of their respective currencies. A BRICS currency was a topic at the 2024 BRICS Summit that took place October 22 to 24 in Kazan, Russia. At the summit, the BRICS nations continued their ...

Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and construction spending, ahead of this ...

Stock futures climbed on Wednesday, driven by strong performances from Salesforce and Marvell Technology, following upbeat quarterly earnings. Futures tied to the Dow Jones Industrial Average rose by 215 points (0.5%), while S&P 500 futures gained 0.3%, and Nasdaq-100 futures advanced by 0.7%. Salesforce surged 12% after reporting fiscal third-quarter revenue that exceeded expectations, showcasing robust demand in the enterprise ...

President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company Nippon Steel, capping off a yearlong business saga that drifted into election politics. A national security review by a Treasury Department committee failed to reach a consensus on the deal last month and deferred the final decision to the president. ...

Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace of credit cards is taking a growing bite out of their margins. Gene-Christian Baca, the owner of Walter’s Hot Dogs in Mamaroneck and White Plains, New York, estimated that he now pays $50,000 a year in costs associated ...

Vail Resorts shares have dropped in recent weeks as a labor dispute roiled one of America’s most prominent skiing destinations. The Park City Professional Ski Patrol Association, a union representing patrollers at the Utah mountain of the same name, went on strike late last month. The work stoppage has spurred complaints of long lines, closures and delays on social media from ...

Disney will combine its Hulu+ Live TV service with Fubo, merging together two internet TV bundles, the companies announced on Monday. Disney will become majority owner of the resulting company — the publicly traded Fubo company — with a 70% ownership stake. Fubo shareholders will own the remaining 30% of the company. The deal is expected to close in 12 to 18 ...

President-elect Trump appeared Saturday with Italian Prime Minister Giorgia Meloni at his Mar-a-Lago club in Florida. Trump appeared at a screening of a documentary detailing challenges some conservative lawyers say they face in the legal system. He entered the grand ballroom around 7 p.m. and returned about two hours later after eating dinner. ‘This is very exciting,’ Trump told the ...

President-elect Trump is playing host to Italian Prime Minister Giorgia Meloni at Mar-a-Lago this weekend, suggesting he plans to develop a warmer relationship with one of his closest ideological allies in Europe. Trump praised Meloni, 47, for having ‘taken Europe by storm’ during a dinner Saturday night. Meloni was elected in 2022 after running on a conservative pro-family and anti-immigration ...

Nearly every tribute to Jimmy Carter is necessarily encumbered with caveats about Carter, the president. While it is true that the ‘Reagan revolution’ provided America with needed jolts of patriotic and economic strength, Carter, our 39th president, consistently exhibited traits that public figures of our own times would do well to model.   Much about the infamous ‘Carter years’ is rightly ...