Nov Financial News

By Dietrich Knauth and Nate Raymond

National Party led by Christopher Luxon held a strong lead in New Zealand's general election on Saturday, with 20% of the vote counted. The National Party, which is currently in opposition, had 41.4% of the votes to 26% for the current governing party Labour, according to the Electoral Commission. The conservative National Party's preferred coalition partner, the ACT party, had 9.2%. New Zealand's Electoral Commission said that National and ACT would have 63 of the usual 120 seats in parliament, sufficient for them to form a government without the help of a third minor party. However, the number of seats in New Zealand's parliament can go above 120 if a party wins more electorate seats than is proportional to its share of the party vote.

Elon Musk's X illegally fired an employee in retaliation for her internet posts challenging its return-to-office policy, the U.S. labor board alleged on Friday. In the complaint, a regional director of the U.S. National Labor Relations Board (NLRB) accused X — formerly known as Twitter — of violating the federal law that prohibits punishing employees for communicating and organizing with others about their working conditions.

Unions representing 75,000 health care workers who recently held a strike against industry giant Kaiser Permanente over wages and staffing shortages have reached a tentative agreement with the company

Ford is recalling more than 238,000 Explorers in the U.S. because a rear axle bolt can fail, potentially causing a loss of drive power or allowing the SUVs to roll away while in park

COPENHAGEN (Reuters) -Novo Nordisk on Friday raised its outlook for its full-year sales and operating profit for the third time this year, reflecting strong demand for its weight-loss drug Wegovy and diabetes drug Ozempic in the United States.

Alberta is to begin telephone town-hall consultations with the public starting next week on whether to quit the Canada Pension Plan.

By David Morgan and Moira Warburton

Spencer Sisters," originally a CTV production, has made its way to the U.S. audience, offering a new drama experience.

Allworth Financial announced that John Bunch will succeed co-founders Scott Hanson and Pat McClain as the wealth management firm’s chief executive.

An official says a ban on gasoline and diesel-fueled cars from a commercial district of Stockholm’s downtown in 2025 will be the first for a European capital

Sam Bankman-Fried’s defense lawyer has struggled through a meandering cross-examination of the FTX founder’s former girlfriend Thursday, keeping both the judge and the public guessing as to his strategy in countering the testimony of the government’s k...

The Malaysian government has questioned a move by Goldman Sachs to file for arbitration in a dispute connected with the multibillion-dollar looting of a sovereign wealth fund

The Nevada Supreme Court plans to soon hear the NFL’s appeal of a crucial ruling denying a request to move former Las Vegas Raiders coach Jon Gruden’s lawsuit against the league into closed-door arbitration

KUALA LUMPUR (Reuters) — A Malaysian government task force said on Thursday it viewed Goldman Sachs' filing of arbitration proceedings as premature, after the firm sued Malaysia in a British court this week amid an escalating dispute over a 2020 settlement deal.

Federal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month, according to minutes released Wednesday, and said they would “proceed carefully” in deciding whether to further raise their benchmark interest rate

Christopher Waller on Wednesday said higher market interest rates may help the Fed slow inflation, and let the central bank «watch and see» if its own policy rate needs to rise again or not. Waller, who has been among the most vocal advocates for higher interest rates to fight inflation, said price data seemed to now be moving back towards the Fed's 2% target, with financial markets adding further credit tightening of their own. «We're in this position where we kind of watch and see what happens on rates,» said Waller, who was interviewed by former Republican House Speaker and Wisconsin Congressman Paul Ryan at a high-profile GOP event in Utah. «The financial markets are tightening up and they are going to do some of the work for us...We are just keeping a very close eye on that.

By John Kruzel

Holly Willoughby, one of Britain’s most high-profile television personalities, has said that she is stepping down from her presenting role on the ITV network’s flagship daytime program “This Morning”, days after a man was charged in connection with an ...

By Luc Cohen

Making Money host Charles Payne discusses the impact of the expansion of the UAW strikes.