Business

Union Pacific in mega US railroad merger talks with rival Norfolk

Union Pacific in mega US railroad merger talks with rival Norfolk

A freight engine and shipping containers are viewed in a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Union Pacific said on Thursday it was in advanced discussions with rival Norfolk Southern for a possible mega merger that would create a transcontinental railroad behemoth. Norfolk …

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Inside the Private Layoff Groups Easing the Pain of Job Loss

Inside the Private Layoff Groups Easing the Pain of Job Loss

After getting let go from Meta in February, Shayna Moon accepted an invitation to a private LinkedIn chat where she recognized the names of its roughly 40 members. All were former colleagues who’d also been dismissed from the tech giant. Moon, who’d been laid off earlier in her career from Microsoft, said she shared tips with the group on how …

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Trump will visit Fed as he pressures Powell to cut interest rates

Trump will visit Fed as he pressures Powell to cut interest rates

WASHINGTON (AP) — President Donald Trump plans to step foot in the Federal Reserve on Thursday as his allies scrutinize its expensive building renovations, a highly personal and confrontational escalation of his campaign to pressure the central bank to slash interest rates. Trump administration officials have used concerns about the building overhaul to cast doubt on Fed Chairman Jerome Powell’s …

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American Eagle stock soars on Sydney Sweeney ad campaign news

American Eagle stock soars on Sydney Sweeney ad campaign news

Sydney Sweeney attends the 10th Annual LACMA ART+FILM GALA at the Los Angeles County Museum of Art on November 06, 2021 in Los Angeles, California. Presley Ann | Getty Images Entertainment | Getty Images Actress Sydney Sweeney helped bring American Eagle Outfitters shares into the latest round of meme stock mania on Thursday. The “Euphoria” and “Anybody But You” star …

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ECB keeps rates steady as it awaits clarity over trade – Reuters

ECB keeps rates steady as it awaits clarity over trade  Reuters E.C.B. Pauses Rate-Cutting Campaign, as Trade Disputes Cloud Outlook  The New York Times Euro dips after ECB keeps rates unchanged  CNBC ECB Keeps Rates on Hold. Why It Joined the Fed and Powell on Pause.  Barron’s ECB Is Set to Hold Fire on Rate Cuts With Trump Tariffs Unresolved  Bloomberg.com Source link

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Trump to Visit Federal Reserve As Campaign Against Powell Intensifies – The New York Times

Trump to Visit Federal Reserve As Campaign Against Powell Intensifies  The New York Times Trump to visit Federal Reserve, ramping up pressure on Powell  Fox Business Trump and White House take their Powell battle to Fed HQ  Yahoo Finance Trump to tour the Federal Reserve’s $2.5 billion renovation, escalating his pressure campaign on Jerome Powell  CNN Trump to visit Federal Reserve amid scrutiny of …

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Jobless claims drop for sixth straight week, as labor market is showing no signs of stress – MarketWatch

Jobless claims drop for sixth straight week, as labor market is showing no signs of stress  MarketWatch US Jobless Claims Fall for a Sixth Week, Lowest Since Mid-April  Bloomberg US applications for jobless benefits fall for sixth straight week, remain at historically low level  The Hill Fewer U.S. Jobless Claims Were Filed Last Week  The Wall Street Journal The number of Americans filing for …

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Family office deals have fallen in 2025 as investors wait for clarity

Family office deals have fallen in 2025 as investors wait for clarity

Key Points Private investment firms of the ultra wealthy made 375 direct investments in the first half of 2025, a 32% annual drop, according to Fintrix. Family offices are still showing interest in hard assets needed by AI, such as data centers, and are also looking abroad. Family office experts told CNBC that firms have capital they need to deploy …

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