Iconic Aussie brand forced to change name after 50 years: 'Came as a surprise' UGG Since 1974 is in a David vs Goliath legal fight with a US-based company and they are tweaking their name to avoid any further harm. Yahoo Finance AU • 6 hours ago ATO, myGov warning as insidious trend emerges ATO's fresh tax-cheat crackdown targets millions Major WFH debate ignites as Aussies forced back to office Gen Z's grim confession exposes 'seismic shift' Big change coming for Aussie travellers going to major hotspot Major bank's huge RBA interest rates call: '$358 a month in your pocket' '80-HOUR WORK WEEK': Price of the 'Great Australian Dream' Time running out to get 'life-changing' payouts from major banks: 'Got $144,000' 'IT'S OVER': Seven-year detail reveals shift for struggling Aussies Latest Stocks rise on Fed rate-cut bets, earnings boost: Markets Wrap BOJ Sees Good Chance of January Hike Barring Trump Surprises ASX rises on falling US inflation Fears rate cut could be delayed Canada Accused of Dumping Dairy Products by Rival Exporters Rio Tinto’s Iron Ore Exports Slip as Copper Output Ramps Up Treasuries ‘Death Spiral’ Risk Is Brushed Aside by Foreign Funds More news The final accounting on 'Bidenflation' Prices rose by more than incomes during Biden's four years in office. A change in presidents doesn't mean the problem is solved. Short-selling firm Hindenburg Research is closing up shop One of the stock market's most prominent short sellers is shutting down and planning to reveal its methods after the firm disbands. Stock market today: Dow jumps 700 points, Nasdaq soars 2.5% after cool CPI reading A better than-expected consumer inflation report sparked a rally in stocks on Wednesday. Housing inflation pressures ease in encouraging sign for Fed The latest Consumer Price Index showed that housing inflation pressures continued to moderate in December in an encouraging sign for the Federal Reserve. Scott Bessent to face questions about tariffs and Trumponomics 2.0 in Senate grilling Markets will be monitoring Scott Bessent's Thursday sitdown with the Senate for insights on the early mixed signals about Trumponomics 2.0. Jamie Dimon's 'base case' for stepping down as JPMorgan CEO is a few years from now Jamie Dimon agreed Wednesday with an analyst's assessment that his "base case" for stepping down as JPMorgan Chase CEO is a few years from now. These are the biggest issues facing the fashion industry in 2025 The global fashion industry is facing a slowdown and 2025 is likely to be challenging. Gasoline prices rise 4.4% in December as 'elevated' geopolitical tensions push energy costs higher Energy prices were volatile in December, contributing to a moderate month-over-month rise in inflation. New inflation reading likely keeps the Fed on pause for now Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this month, even though a new reading did show some signs of easing. SEC picks another fight with Elon Musk as Gary Gensler exits The Securities and Exchange Commission waged another legal battle against Tesla CEO and X owner billionaire Elon Musk, this time accusing Musk of defrauding Twitter’s shareholders. Core CPI rises less than forecast as inflation pressures ease slightly in December A key inflation metric eased for the first time since July as investors debate the Federal Reserve's next interest rate decision. Rigetti Computing CEO after a 48% spike in stock price: We have to tamp down expectations Rigetti Computing's CEO takes investors inside one of the hottest stocks in the market right now. JPMorgan notches another record year of profits The nation's largest bank earned $14 billion in the final quarter of 2024 due largely to a Wall Street revival, pushing its annual haul to an all-time record of $58 billion. Why you should buy the 493 other S&P 500 stocks — and not the Mag 7 The "Magnificent Seven" continue to dominate the investor landscape, but don't forget that there are 493 other names in the S&P 500 to take note of. Bitcoin and stocks have been moving in sync: Morning Brief It's been just over a year since the SEC legalized bitcoin spot ETFs. And in that time one thing has become fairly obvious: "Digital gold" may not be the best description. The fight over H-1B workers highlights a core problem with the US economy: Labor shortages Though visas and immigration are hot topics, many types of employers across the country are struggling to hire qualified workers. A 2025 tax debate starts with a focus on a subject of bipartisan agreement: The child tax credit A historic 2025 tax debate is formally underway. A lot of the early focus is on an issue well known to pretty much every taxpayer: the child tax credit. The optimism over US banks is about to be put to the test Investors ended 2024 brimming with optimism about US banks. What happens during the start of earnings season this week will put that optimism to a new test in 2025. SEC’s Gensler not backing down from crypto crackdown as he exits: 'I feel very good about what we’ve done' Securities and Exchange Commission chair Gary Gensler is not backing down from his views about the cryptocurrency industry as he prepares to walk out the door, saying "many in the crypto field are not complying with our time-tested laws." Stock market today: Dow pops, Nasdaq slips as focus turns to CPI inflation report Investors are weighing what a reported gradual rollout of Trump tariff hikes could mean for inflation and the Fed. Quantum computing stocks rebound after massive sell-off as industry exec says opportunity is 'real' Quantum computing stocks rebounded Tuesday after a massive sell-off fueled by Big Tech CEOs expressing skepticism. The stocks recovered as D-Wave CEO Alan Barrett said quantum computing is "real." Departure of potential Fink successor creates new CEO drama at BlackRock A potential successor to BlackRock CEO Larry Fink is reportedly leaving the firm, narrowing the list of contenders to become the next boss of the world's largest money manager. China stocks rise on report that Trump is considering a gradual approach to tariffs US-listed Chinese stocks rose on a report that Trump is considering a gradual approach to tariff hikes. The markets are sending Trump a message Markets are getting worried about protectionism, the deportation of migrant workers, and a fresh bout of inflation. White House finalizes rules banning Chinese, Russian tech in connected cars Just days before President-elect Donald Trump enters the White House, the Biden administration finalized new rules for cracking down on Chinese- and Russian-made tech in connected cars, including cars made in those countries. Eli Lilly stock tumbles after new forecasts show weight-loss drug sales grow slower than expected Eli Lilly stock is down after issuing Q4 2024 guidance that missed Wall Street estimates. Trump world keeps floating new tariff ideas. They all have downsides for markets — and Trump. Different wings of Trump world are floating different ideas for how to implement tariffs when the president-elect takes office, sending conflicting signals to markets. FTC alleges PBMs cost consumers $7.3 billion marking up drug prices The FTC released a 60-page report Tuesday targeting the biggest three pharmacy benefit managers, claiming the companies hiked the prices of specialty drugs to generate $7.3 billion in revenue from 2017 to 2022. PPI shows wholesale inflation increased less than expected in December Tuesday's wholesale inflation reading comes ahead of a highly anticipated release of December CPI. Global EV sales surge 25% in 2024, led by China Global EV and plug-in electric vehicle (PHEV) sales hit records in 2024 as booming growth in China and other parts of the world made up for weakness in Europe. JPMorgan reshuffling creates new questions about who succeeds Jamie Dimon JPMorgan elevated Jennifer Piepszak to COO as part of a new management reshuffling announced Tuesday, but the nation’s largest bank said that Piepszak doesn’t want to succeed Jamie Dimon as CEO. Tesla briefly pops on encouraging EV data, prospects of Elon Musk purchasing TikTok Tesla shares gained as investors priced in Elon Musk's reach across a variety of industries. Nvidia stock falls after Biden administration releases updated export rule for AI chips Nvidia stock fell Monday after the Biden administration released new rules aimed at controlling the flow of artificial intelligence to China. Trump wants to 'save' TikTok. One rescuer could be Elon Musk. Chinese government officials have reportedly discussed selling TikTok's US operations to Elon Musk. Antitrust experts predict that the owner of X could clear any US legal hurdles if such a deal were to happen. Why rising bond yields are such a problem for stocks: Morning Brief Rates are making investors nervous. Specifically, the 10-year Treasury yield. Climbing to 4.8% on Monday and a stone's throw from 5%, the 10-year Treasury yield is at a level that makes investors cautious. But why? We dive deep into a classic financial question. The Trump campaign pledges that already look harder than promised The president-elect and his close allies already appear to be hedging on clear-cut promises that they made again and again — as complex realities now intervene. BlackRock is trying to avoid the hot seat as GOP takes power The world’s biggest money manager is trying to avoid some political headaches as Donald Trump and the GOP take over all of Washington. IRA expert: Why traditional retirement accounts have become the worst asset for estate planning Recent legislative changes have stripped IRAs of all their redeeming qualities, Ed Slott said in a recent episode of Decoding Retirement. New Balance sales jump 20% in 2024, reach record $7.8 billion New Balance CEO Joe Preston told Yahoo Finance that the sneaker company had its best year ever in 2024, with global annual sales reaching $7.8 billion — a 20% increase from 2023. Stock market today: Dow pops higher, tech weighs on Nasdaq as Treasury yields keep climbing Stocks are under pressure as strong data craters bets on the chances of Fed rate cuts. Southern California Edison parent's stock falls amid investigation, lawsuit over alleged role in LA wildfires Edison International — the parent company of the utility Southern California Edison — has seen its stock remain under pressure as lawsuits begin over its potential role in the fires that have ravaged parts of Southern California. Oil prices jump to 5-month high over increasing worries of supply crunch stemming from sanctions Oil extended gains as markets priced the supply impact of recently announced sanctions against Russia's energy market. Strong US dollar to test 'recurring phenomenon' this earnings season The US dollar has surged into the new year — and its rapid rise could further test corporate earnings. Shake Shack CEO on the burger chain's new growth plan, international ambitions Shake Shack eyes major growth potential to become more than just a NYC-based roadside burger chain. Who really gets the H-1B visas Elon Musk is fighting about? Critics of the H-1B program worry that these workers are displacing Americans by providing cheaper labor, especially in the tech industry. Supporters say there are simply not enough US workers to fill the demand needed in these growing industries. The elaborate visa system that enables foreigners to work in the US The federal government has an elaborate system of visas that allow foreigners to work in the US — a topic that is sure to heat up as Donald Trump takes office. Moderna cuts sales forecast on weaker vaccine demand Moderna shares slumped Monday on the company's downgraded 2025 outlook. Google's next big bet: Taking drone deliveries mainstream Wing Aviation, the drone delivery arm of Google parent Alphabet, is competing with players like Amazon, Walmart, and UPS to win over the multibillion-dollar drone delivery business. Two key inflation prints await investors as rate fears rattle markets: What to know this week After a hot December jobs report pared back investor's hopes for interest rate cuts in 2025, two key inflation readings will add to the discussion in the week ahead. Elizabeth Warren has more than 180 questions for Trump Treasury pick Scott Bessent Senator Elizabeth Warren is outlining a detailed new list of her concerns with Scott Bessent as President-elect Donald Trump’s choice for Treasury secretary prepares to go on the hot seat this week.
