(Reuters) – U.S. stock index futures edged lower on Wednesday as an uptick in Treasury yields weighed on rate-sensitive equities ahead of crucial inflation data that will offer more signals on the pace of the Federal Reserve’s interest rate reductions. All the three major Wall Street indexes closed lower on Tuesday, as a strong rally following the U.S. elections lost some steam, while the benchmark U.S. 10-year Treasury yield moved

(Bloomberg) — Wonder Group Inc. is buying Grubhub from Just Eat Takeaway.com NV for about $650 million, acquiring the restaurant delivery service at a steep discount to the $7.3 billion price tag it commanded during the early days of the Covid pandemic. Most Read from Bloomberg The transaction is expected to close in the first quarter of 2025, Just Eat said in a statement on its website on Wednesday. It

Beth Kindig, technology analyst at the I/O Fund, thinks Nvidia (NASDAQ: NVDA) will ride the artificial intelligence (AI) boom to a $10 trillion valuation by 2030. Should that forecast prove correct, the semiconductor company would be worth more than what Apple, Microsoft, Amazon, and Tesla are currently worth combined. Kindig’s prediction implies substantial upside for Nvidia shareholders. The company’s current market value of $3.5 trillion would need to increase 185%

President Joe Biden made student loan forgiveness a central issue to his administration, rolling out efforts to forgive debt as well as to lower repayments for millions of borrowers. But with President-elect Donald Trump returning to the White House in January, the future of those efforts is now in question.  During the presidential debate with Vice President Kamala Harris, Trump described Mr. Biden’s efforts to forgive student borrowers as “a

HONG KONG (Reuters) – France’s BNP Paribas has cut a dozen jobs in mainland China and Hong Kong, a source with knowledge of the matter told Reuters, the latest among global banks to trim headcount amid a slowdown in dealmaking in the Chinese market. The bank last week began notifying the impacted bankers, the majority of whom are in investment banking and corporate finance roles, according to the source, who

(Bloomberg) — Donald Trump’s election victory has catapulted US stocks to fresh records and pushed the dollar to a two-year high. It’s anything but good news for the rest of the world. Most Read from Bloomberg Equities excluding the US are tumbling, with an MSCI gauge at its lowest in three months. An index of developing-market currencies has lost more than 1% following the US election, coming close to erasing

Beauty retailer Sephora has said it did not make large donations to President-elect Donald Trump‘s campaign, after viral social media posts called for a boycott of the company and other popular retail outlets over alleged donations. In a statement, a spokesman for Sephora told CBS News it was aware of “incorrect information circulating on social media,” and said Sephora “does not make corporate donations to political candidates. Sephora’s mission is

(Bloomberg) — Warren Buffett created Berkshire Hathaway Inc.’s Class B shares almost 30 years ago to stymie money managers who sought to split the high-priced conglomerate’s stock. Most Read from Bloomberg One of South Korea’s largest retail brokerages now plans to package the Class B shares into an exchange-traded fund turbocharged with derivatives, another move that Buffett might not like. Kiwoom Securities Co. teamed up with Milwaukee-based Tidal Investments to

LaGuardia Airport named Best U.S. Airport by Forbes Travel Guide LaGuardia Airport named Best U.S. Airport by Forbes Travel Guide 00:27 Apple is rolling out a new feature designed to make it easier for passengers — and airlines — to retrieve misplaced bags. The new function, called Share Item Location, is available as part of the public beta of iOS 18.2, and is coming soon to iPhone X and newer

(Bloomberg) — A surge in Bitcoin has paused as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto. Most Read from Bloomberg The digital asset is up about 30% in the wake of Trump’s Nov. 5 election victory, hitting a record of $89,968 on Tuesday, based on data compiled by Bloomberg. The token fell back to $86,550 as of 6:30 a.m. Wednesday in London. Trump