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.

Workday shares pop 9% on inclusion in S&P 500

Workday had been a money-loser until 2022. Now it's profitable, and it's on pace to grow subscription revenue by 14% in the next fiscal year.

Meta shares rise on potential TikTok ban in U.S., closing at record alongside Amazon

Meta continued its rally on Friday, rising 2.4% and closing at a record after a federal appeals court upheld a law requiring ByteDance to sell TikTok.

‘This was preventable’: Corporate world shudders at new risks after slaying of UnitedHealthcare CEO

Threats against corporations have been rising for years, fueled in part by the echo chamber of social media and an increasingly polarized political environment.

Next week’s inflation data could derail a market that’s priced for perfection

A surprisingly hot report could curtail hopes for a December rate cut from the Fed and put inflation back at the forefront of investors' minds.

Centene switches to virtual meeting after UnitedHealthcare CEO killing, insurers pull exec photos

UnitedHealthcare CEO Brian Thompson was fatally shot on his way to an investor meeting by a masked gunman on a New York City street.

The S&P 500 is up nearly 30% for the year. Don’t expect such high returns to continue, experts say

The S&P 500 is up nearly 30% this year so far. But it's important for investors to remember that years like this one are rare, financial advisors cautioned.

Unemployment rate jumps more than a percentage point for Black women in November

The unemployment rate jumped significantly for Black women in November.

DOGE’s Musk, Ramaswamy want Congress to back huge spending cuts. That’s a tough sell

Congress' enthusiasm for smaller government is tempered by the difficulty of agreeing on what to cut.

CFPB sues Comerica Bank, alleging it failed to administer federal benefits program

The Consumer Financial Protection Bureau accused the bank of intentionally terminating calls and mishandling fraud complaints.

Here’s where the jobs are for November 2024 — in one chart

Health care and social assistance led the way yet again last month, seeing 72,300 new positions added in that area, per the Bureau of Labor Statistics.

Number of 401(k) plan and IRA millionaires hits a record, with more millennials joining the ranks

Retirement account balances fell from record highs, according to Fidelity's quarterly analysis released Friday.

Appeals court upholds law ordering China-based ByteDance to sell TikTok or face U.S. ban

Members of Congress had raised national security concerns about TikTok due to its ownership by ByteDance, which is based in China.

Uber will offer robotaxi rides in Abu Dhabi through partnership with WeRide

Uber said robotaxi rides will be available between Saadiyat Island and Yas Island, as well as routes to and from Zayed International Airport.

OPEC+ oil output delay a ‘reality check’ as group eyes demand, U.S. outlook, Saudi energy min says

"It's not a good idea to bring volumes in the first quarter," Saudi Arabia's Abdulaziz bin Salman assessed, with reference to demand and global uncertainty.