News From Around Town

Stay up to date on some of the latest news in technology and startups. Headlines about the industry, the markets, and more.

Elliott asks for December special meeting at Southwest Airlines, cuts board slate to 8

Activist investor Elliott Management has requested a December 10 special meeting date at Southwest Airlines, as it seeks to oust CEO Bob Jordan.

5 things to know before the stock market opens Monday

Here are the most important news items that investors need to start their trading day.

ServiceNow to invest $1.5 billion in the UK to localize AI data processing

American enterprise software giant ServiceNow says it plans to invest $1.5 billion in the U.K. over the next five years.

Big-cap bull market turns two, leaving small-cap stocks further behind

In exasperation, small cap enthusiasts have turned to ETFs that exclude unprofitable companies altogether, and those funds have been attracting inflows. 

Stripe, Wise founders want a ‘tech renaissance’ in Europe to help region rival Silicon Valley

Founders of some of Europe's largest technology unicorns are calling for the creation of a single pan-European entity to promote startups and innovation.

European Central Bank set for third interest rate cut of the year in meeting this week

Markets are eyeing two more rate cuts from the euro area's central bank this year amid a weak growth outlook and lower inflation.

Nobel economics prize for 2024 awarded to Daron Acemoglu, Simon Johnson and James Robinson

The winner of the award, officially the "Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel," receives $1 million.

Wells Fargo upgrades Flutter Entertainment, says buy the dip on the FanDuel parent stock

Investors should snatch up shares of Flutter Entertainment following a recent sell-off, according to Wells Fargo.

Biden, surveying Milton’s aftermath, announces $600M for rebuilding in Florida and other states

The Biden administration has sought to combat misinformation from former President Donald Trump and others about the emergency funds flowing to the state for hurricane relief.

UK Prime Minister Keir Starmer vows to slash regulatory red tape in bid to boost investment

U.K. Prime Minister Keir Starmer on Monday vowed to slash regulatory red tape to boost anaemic investment in the country.

China’s exports and imports grew far less than expected in September

China was expected Monday to report a slowdown in export growth in September versus August.

International investors descend on London as Labour tries to woo new business to Britain

Uncertainty around the event and suspected tax changes in the upcoming budget has left many investors in the dark.