The Santa Claus rally has long been attractive to investors looking to end the year on a high note. North American markets have already experienced robust growth throughout 2024, but the prospect of a year-end rally could offer one final opportunity for gains before heading into the new year. The Santa Claus rally is a period between the final trading ...

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 ...

Japanese automakers Nissan and Honda on Monday announced they had entered into official talks to merge and create the world’s third-largest automaker by sales. In a news conference on Monday, Honda CEO Toshihiro Mibe said the companies needed greater scale to compete in the development of new technologies in electric vehicles and intelligent driving. A business integration would give the companies an “edge that will not ...

Nordstrom on Monday announced it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool. The company’s board of directors unanimously approved of the transaction, which is expected to close in the first half of 2025. As part of the deal, the Nordstrom family will ...

The toy industry is headed for its second consecutive annual sales decline, but it’s got one thing propping it up: colorful, interlocking plastic bricks. At a time when toy companies are struggling to match the massive gains of pandemic-era sales, Lego is growing rapidly. The Danish company saw revenue jump 13% in the first six months of the year and continues to ...

The Consumer Financial Protection Bureau is suing Walmart and a financial technology firm, alleging they illegally forced drivers into using costly deposit accounts to receive their pay. The agency alleges that Walmart and the vendor, Branch Messenger, forced the drivers, who were part of Walmart’s Spark Driver gig-work platform, to use Branch Messenger’s deposit accounts to collect their compensation — and ...

The IRS plans to issue automatic “special payments” of up to $1,400 to 1 million taxpayers starting later this month, the agency announced last week. The payments will go to individuals who did not claim the 2021 Recovery Rebate Credit on their tax returns for that year and who are eligible for the money. The Recovery Rebate Credit is a refundable tax credit provided ...

Former Rep. Matt Gaetz, R-Fla., is suing to block the release of a House Ethics Committee report on his alleged behavior. In a complaint filed in federal district court in Washington, D.C., the Republican’s attorneys maintain Gaetz’s innocence, say that the conduct detailed in the report is untrue, and claim the committee does not have jurisdiction over him because he ...

Former Rep. Matt Gaetz, R-Fla., allegedly paid multiple women for sex, including a 17-year-old high school girl, and used illicit drugs like cocaine and ecstasy, according to a House Ethics Committee report. The 37-page report released Monday morning concluded that Gaetz violated multiple Florida state laws related to sexual misconduct while in office. ‘The Committee concluded there was substantial evidence ...